Author: Rent Magazine Team
In August 2023, RE/MAX Australia held its highly anticipated RMX23 Conference, a dynamic multi-day event designed to spark inspiration and provide valuable insights for real estate professionals across the country. This annual gathering brought together a diverse mix of mindset coaches, futurists, and top-tier real estate agents to create an environment of growth and empowerment. Throughout the event, attendees were treated to a wide range of sessions tailored to meet the unique needs of real estate professionals navigating an ever-evolving industry. With a strong focus on personal development, market trends, and innovative strategies, RMX23 aimed to equip agents with the…
Wood framing continues to dominate the construction of single-family homes in the U.S., with new data from the National Association of Home Builders (NAHB) revealing that 94% of new homes completed in 2022 were wood-framed. This marks the third consecutive year of growth in wood-framed home construction, up from 90% in 2019. Other framing methods, such as concrete and steel, remain far less common, with concrete-framed homes comprising 6% and steel-framed homes accounting for less than half a percent of completions. The Rise of Wood Framing In 2022, there were 956,000 wood-framed homes completed, a 7% increase from 2021. This…
As e-commerce continues its explosive growth, the demand for industrial spaces has reached unprecedented heights, particularly in the latter half of 2023. Warehousing and distribution centers have become increasingly critical for businesses looking to streamline their supply chains and meet the rising customer expectations for faster deliveries. Cities like Dallas, Atlanta, and Indianapolis have seen some of the largest increases in industrial space rentals, marking a significant shift in the industrial real estate landscape. This surge reflects broader trends within the logistics sector and underscores the changing nature of industrial leasing agreements in the e-commerce era. The E-Commerce Surge and…
Introduction On July 24, 2023, CoStar Group, a leading provider of commercial real estate information, launched a groundbreaking predictive analytics tool designed to assist real estate investors in making more informed investment decisions. This new platform uses advanced artificial intelligence (AI) to analyze a wide array of market data, including market trends, rental rates, demographic data, and economic indicators, with the goal of forecasting future property values and identifying high-potential investment opportunities. CoStar’s predictive tool aims to give real estate professionals an edge by providing data-driven insights that can guide investment strategies and help identify opportunities before they become widely…
The residential remodeling market experienced significant growth in 2021, driven by the pandemic’s impact on housing and lifestyle decisions. According to data from the National Income and Product Accounts (NIPA), expenditures on home improvements soared by 13% to $328 billion in 2021, up from $289 billion in 2020. This marked the largest increase since 1993, as high home prices, strong sales of existing homes, high incomes, and an aging housing stock fueled demand for remodeling activity. State-Level Home Improvement Loan Applications The 2021 Home Mortgage Disclosure Act (HMDA) data, released by the Consumer Financial Protection Bureau (CFPB), offers insights into…
In August 2023, Las Vegas was the epicenter of real estate innovation as it hosted the prestigious Inman Connect conference. Held from August 8-10 at the luxurious Aria Resort & Casino, the event brought together top real estate professionals, industry leaders, and technology experts for an unforgettable experience. With a packed agenda that included keynote addresses, panel discussions, and invaluable networking sessions, Inman Connect proved to be an essential gathering for anyone looking to stay ahead in the dynamic real estate industry. The conference’s focus was on equipping professionals with the tools and knowledge they need to thrive in a…
On August 22, 2023, a study from Co-Living International highlighted the growing appeal of co-living spaces as an affordable housing solution for young professionals in major metropolitan areas. This trend is being driven by renters, property developers, co-living operators, and real estate investors, all of whom are responding to the rising demand for affordable, community-oriented living spaces in cities where housing costs continue to climb. A significant shift in this trend has been the expansion of co-living developments in major cities like New York, Los Angeles, and London. With housing affordability becoming an ongoing challenge in these urban centers, many…
Introduction On June 2023, Matterport, a leader in 3D spatial data technology, entered into a strategic partnership with the Urban Land Institute (ULI) to launch a new virtual reality (VR) platform. This collaboration marked a significant step forward in the real estate industry, providing property developers and urban planners with an innovative tool for visualizing and planning property developments before construction even began. The VR platform developed through this partnership aimed to help professionals in real estate, construction, and urban planning collaborate more effectively, enhance their decision-making, and streamline development processes by offering an immersive virtual walkthrough of properties. This…
The Florida Realtors Convention & Trade Expo, held on August 16-17, 2023, at the Rosen Shingle Creek in Orlando, was a significant gathering for real estate professionals across the state. Attracting thousands of agents, brokers, and industry leaders, this event became a central hub for exploring the latest trends, cutting-edge technologies, and innovative solutions that are reshaping the real estate industry. Throughout the two-day event, attendees participated in a wide range of workshops and presentations, each designed to provide valuable insights and practical tools for staying ahead in a competitive market. Topics covered included emerging digital marketing strategies, sustainable building…
On August 15, 2023, the National Multifamily Housing Council (NMHC) reported a significant surge in demand for multi-family properties, as investors continue to seek stable income streams amid ongoing economic uncertainty. Key players in this trend include real estate investors, property managers, renters, and developers, all of whom are fueling the growth in the multi-family housing market. As rental demand increases and economic conditions remain unpredictable, multi-family properties have become an increasingly attractive option for those seeking long-term financial stability. A defining moment in this trend has been the growing number of institutional investors purchasing multi-family properties, especially in suburban…