The downturn in the multifamily and commercial property sector is striking hard. An eye-watering sum of around $2.7 trillion has vanished owing to an unprecedented spike in cap rates and other related factors.
The highest consistency in rental rate increases was observed in states within the Midwest and Northeast regions.
For a number of continuous months, there has been a notable rise in the volume of houses without buyers in the real estate market when juxtaposed with the levels from the previous year. Despite the inventory experiencing a dip this week, there’s evidence of growth in comparison to the same period last year. The inventory witnessed a marginal drop of half a percent this week, whilst the corresponding week last year saw a more significant decrease of 3%.
Nicole Booth, recognized as a 2023 HousingWire Vanguard, has been named the head of public policy and operations by Zillow Group.
Approximately 10 months after initially broadening its horizons into the Florida market, Ryan Serhant’s self-named brokerage is now reaching into its third market within the state. SERHANT.’s growing presence now extends to Orlando, a move announced in the initial weeks of February with the integration of The Home Squad into the organization. The Orlando-based team, consisting of 16 agents, is the first introduction of SERHANT. in the city. Prior to this, the company’s operations were maintained solely within the boundaries of Miami.
The legal landscape is once again being shaken up by a new imitation commission-related lawsuit, currently making waves in Utah courts.
Here’s how you can quickly and easily acquire your license in the state famous for peaches.
Despite the continuing decline in our weekly stock, our overall active listings and fresh listings data are experiencing an upward trend compared to last year.
Boost your efficiency, accelerate your growth, and draw in more customers by leveraging these intelligent marketing tools specifically designed for the real estate industry.
In the final quarter of 2023, there was an increase in the number of available property lots, primarily due to a deceleration in the initiation of home construction projects compared to the same time period in the previous year.
© 2018 BuyOrSellYourHome.com
