Tech—March 6, 2023

Artificial intelligence (AI) is transforming yet another area of the rental housing industry: lease negotiations. On January 30, 2023, Apartment List, one of the leading online rental marketplaces in the United States, announced the launch of its AI-powered Lease Negotiation Assistant. This tool aims to help tenants and landlords streamline the lease negotiation process, particularly...

Realtors—March 5, 2023

The 2023 National Association of Realtors (NAR) Conference in San Diego set the stage for a transformative shift in the real estate industry, with technology taking center stage. The event highlighted the significant role technology plays in reshaping how real estate professionals interact with clients, conduct transactions, and operate within the ever-evolving market. The NAR...

News—March 1, 2023

March 2023 marked a significant turning point in the housing market as mortgage rates continued their upward trend, signaling a shift in the landscape of home buying for the year. The 30-year fixed-rate mortgage surpassed 7% for the first time in over a decade, hitting a new high that shook potential buyers. This surge in...

Commercial—March 1, 2023

The residential rental market in the United States experienced notable shifts in March 2023, as rising demand, higher rental prices, and the growing influence of institutional landlords began to reshape the landscape. From New York City to Los Angeles and Miami, both tenants and landlords found themselves navigating a more competitive, tech-driven environment. The Emergence...

Residential—March 1, 2023

As of March 1, 2023, rent-to-own programs have seen a significant rise in popularity, providing an increasingly accessible path to homeownership for those who face financial barriers to traditional home buying. First-time homebuyers, real estate developers, property managers, and mortgage lenders are key players in this trend, working together to offer flexible solutions that make...

Tech—February 26, 2023

As inflation continues to drive up the cost of goods and services, property managers face increasing pressure to control maintenance costs while maintaining the quality and condition of their rental properties. One effective solution that is gaining traction in the rental housing industry is PropTech, particularly predictive maintenance technologies. These innovations allow property managers to...

Commercial—February 26, 2023

In February 2023, PropTech (property technology) took a giant leap forward, significantly influencing the way the real estate industry operates. With technology rapidly becoming a critical part of real estate management, buyers, sellers, landlords, and tenants turned to digital solutions to simplify property transactions and enhance the rental experience. PropTech introduced cutting-edge tools powered by...

Realtors—February 25, 2023

In February 2023, the National Association of Realtors (NAR) launched a timely and essential online safety training program for real estate agents, addressing the growing concerns surrounding agent safety while showing properties. This initiative marks a critical step in safeguarding real estate professionals and ensuring they are equipped with the tools and knowledge to protect...

Residential—February 22, 2023

As of February 22, 2023, remote work continues to reshape the residential real estate market, with homebuyers increasingly seeking larger homes that feature dedicated office spaces. This ongoing shift is being driven by remote workers, homebuyers, real estate agents, and homebuilders, all of whom are adjusting to the growing demand for more space as work-from-home...