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Office-to-housing conversions on the rise; Dajia to sell 3 US hotels for $1.3B
Source: SP Global --- Across the U.S., cities and states are planning incentives for converting offices to homes to alleviate a housing shortage and address rising office vacancies, Axios reported. The state of California is allocating $400 million of its 2023 budget...
Home Price Correction Intensifies – What to Expect from the US Housing Market in 2023
Source: Electric City Magazine --- This, of course, is what we see now. Despite favorable demographics and limited inventory levels, affordability is under pressure –Mortgage rates rise Coupled with rising house prices – I started driving home prices down. In fact,...
What The Agency’s Executives Tell Real Estate Agents to Get Through a Tough Housing Market
Source: US News --- The U.S. housing market has seen a quick slowdown in 2022 with high home prices, high inflation and volatile interest rates. Many buyers are opting out of making a purchase with low affordability, and would-be sellers prefer to stay where they are...
Real Estate Debt Becoming An Attractive Investment As Stocks Fall And Mortgage Rates Climb
Source: Yahoo Finance --- The housing market and all of the uncertainty plaguing it is undoubtedly on the minds of prospective buyers, sellers and investors. As the Federal Reserve continues to try to curb inflation through the increase in rates, its been indirectly...
Review of all things Real Estate: 2022 fall housing market predictions
Source: Village News --- After a tumultuous summer for real estate, autumn is here. As of mid-September, the benchmark 30-year fixed-rate mortgage average is hovering a bit above 6% and skyrocketing home prices are finally starting to drop, slowly, (references below)....
Unlimited pixels, and I still can’t afford real estate in the metaverse
Source: Real Change News --- We’ve had internet bulletin boards, listservs, text websites, game environments, websites, interactive websites. Now we’re seeing metaverse real estate. I’m already completely lost and left out in the cold in the new metaverse. I’m...
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