Commercial Real Estate Faces Post-Pandemic Shakeup

Commercial Real Estate Faces Post-Pandemic Shakeup. The commercial real estate sector is undergoing significant changes as it adjusts to the post-pandemic landscape. With remote work becoming more permanent, demand for office space has decreased, leading to higher vacancy rates and declining rents in many urban centres. Retail spaces are also being reimagined, with more emphasis

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California’s Affordable Housing Crisis Deepens

California’s Affordable Housing Crisis Deepens. California’s affordable housing crisis is worsening, with more residents struggling to find affordable places to live. High construction costs, zoning restrictions, and limited land availability are contributing factors. Despite state initiatives aimed at increasing affordable housing, progress has been slow. The shortage has led to a rise in homelessness and

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Real Estate Market 2024: What to Expect

Real Estate Market 2024: What to Expect. As we move towards the end of 2023, real estate experts are predicting a turbulent year ahead. Rising interest rates, persistent inflation, and an uncertain economic outlook are expected to slow down the housing market significantly. Homebuyers may find it harder to secure financing, while sellers could struggle

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NYC Rent Wars: Landmark Court Ruling

NYC Rent Wars: Landmark Court Ruling. A major court ruling in New York City has created shockwaves in the rental market. A judge sided with tenants in a case that could have wide-reaching consequences for rent-stabilized apartments. The decision restricts landlords’ ability to increase rents, even for improvements made to the property. The ruling is

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The Luxury Real Estate Market’s Surprising Resilience

The Luxury Real Estate Market’s Surprising Resilience. Despite economic uncertainties, the luxury real estate market continues to show resilience. High-end properties are still in demand, driven by wealthy buyers seeking investment opportunities and personal retreats. In cities like New York and Los Angeles, luxury homes are selling quickly, often above asking prices. This trend is

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The End of Seller-Paid Commissions

The End of Seller-Paid Commissions. Major changes in the real estate landscape have arrived with the end of seller-paid commissions. As of August 17, 2024, buyers must now negotiate and pay their agents directly, a shift that could increase upfront costs for buyers, particularly those with limited funds. This change might add complexity to home

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The Rise of Refinancing in 2024

The Rise of Refinancing in 2024. The recent drop in mortgage rates has sparked a surge in refinancing activity, with many homeowners looking to lower their monthly payments. This trend highlights the importance of monitoring market conditions and being ready to act when rates become favourable. Refinancing can offer significant financial benefits, especially in a

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