Tech—August 19, 2023

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...

Realtors—August 16, 2023

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...

Residential—August 15, 2023

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...

Commercial—August 14, 2023

The commercial real estate market has witnessed significant changes in the past year, with August 2023 marking a turning point in demand. This surge in interest, particularly for office spaces, can be attributed to a complex array of factors, including the shift from remote work to hybrid models, the return of businesses to physical offices,...

Tech—August 11, 2023

Opendoor, a leading digital home buying platform, launched a groundbreaking new tool—the Instant Home Value Estimator—that leverages machine learning to provide home buyers and sellers with a highly accurate and reliable estimate of a property’s market value. The feature is designed to offer instant home valuations, reducing the uncertainty and guesswork typically associated with determining...

News—August 11, 2023

The price growth of key building materials has moderated significantly in 2023, according to the latest Producer Price Index (PPI) report. The PPI for goods inputs to residential construction, excluding energy, rose by just 0.2% in July, marking a substantial slowdown compared to previous years. This is the lowest monthly increase observed since prior to...

News—August 8, 2023

Mortgage credit availability has dropped to its lowest point in a decade, signaling tighter lending standards in the housing market. According to the Mortgage Bankers Association (MBA), its monthly index measuring credit availability fell in July to the lowest level since 2013, reflecting a significant contraction in the availability of home loans. Tightening Lending Standards...

Residential—August 8, 2023

On August 8, 2023, the Luxury Rental Market Association released a report showing a significant surge in luxury rentals, driven by affluent individuals who are increasingly seeking flexibility in their housing arrangements. This shift marks a departure from traditional homeownership, with luxury renters preferring upscale properties that offer both premium living and the freedom to...

Realtors—August 5, 2023

The Real Estate & Business Excellence Awards 2023, held on August 5–6, served as a distinguished platform for recognizing and celebrating the exceptional achievements within the real estate industry. This telecasted event brought together leaders, innovators, and professionals from across the sector to highlight the advancements and efforts that continue to shape the future of...