Month: June 2024

USA

US Housing Market 2024: Prices EXPLODE 6.3% in One Year, FHFA – Norada Real Estate Investments

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U.S. house prices have shown a steady increase over the past year, with a significant rise of 6.3 percent from April 2023 to April 2024. According to the Federal Housing Finance Agency (FHFA), the month-to-month increase from March to April 2024 was 0.2 percent. However, this growth reflects a slight slowdown compared to previous months, influenced by rising mortgage rates and an increase in housing inventory. US Home Prices: A Comprehensive Analysis Regional Price Changes When we break down the data by region, we see variations in the rate of house price increases. The East South Central division saw…

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Florida

Florida’s Real Estate Shake-Up — Tripling Inventory And Significant Price Reductions. Time To Buy Or Go Elsewhere? – Benzinga

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According to the CEO and founder of real estate analytics firm Reventure Consulting, the Florida housing market is undergoing some big changes, resulting in housing inventory tripling in some places.  Don’t Miss: What’s Happening in Florida? According to Redfin, rents in Florida’s major cities are down significantly year-on-year, and the state is experiencing a surge in the number of homes for sale. This has led to sellers cutting prices aggressively. Along the Gulf Coast, for instance, the number of homes for sale has jumped by up to 50% compared to…

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USA

Artificial Intelligence (AI) in Real Estate Market Forecast: Analyzing Growth to US$ 1803.45 Billion – openPR

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Artificial Intelligence (AI) in Real Estate Market 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 (𝐀𝐈) 𝐢𝐧 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐫 𝐃𝐞𝐦𝐚𝐧𝐝 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐨𝐫 𝐃𝐞𝐜𝐫𝐞𝐚𝐬𝐞 𝐟𝐨𝐫 𝐰𝐡𝐚𝐭 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐬?? Artificial intelligence (AI) technologies are reshaping traditional real estate practices by automating complex processes and optimizing workflows. Key stakeholders such as sellers, brokers, asset managers, and investors are leveraging AI to streamline operations, improve decision-making, and manage properties more effectively. The integration of IoT devices, Big Data analytics, and machine learning algorithms is further accelerating market growth, revolutionizing how real estate transactions are conducted. Challenges and Opportunities:…

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Las Vegas Nevada

Las Vegas house with drive-in doorway for exotic cars goes on market – Las Vegas Review-Journal

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If you ever wanted to enjoy your expensive cars at home and not park them in a dark garage, now is your chance. A 11,361-square-foot, six-bedroom house in the Arrowhead in the Ridges community next to the Summit Club in Summerlin has a unique feature to it: a 13-foot doorway that allows the owner to drive their cars into the living room. Listing agent Michele Sullivan with Douglas Elliman Real Estate said the owner is a car lover and had the door especially installed, and is looking for a buyer…

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Las Vegas Nevada

Welcome to Las Vegas’ housing crisis in 2024 – Las Vegas Review-Journal

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There is no way around it, the Las Vegas Valley has a big problem, said the leader of the Nevada Housing Coalition. “Straight answer is we have a housing crisis in every sense of the imagination,” said Maurice Page, executive director for the coalition. Nevada is short more than 78,000 affordable rental units for extremely low income renters, according to estimates from the National Low Income Housing Coalition. Plus, the valley is landlocked with 88 percent of Clark County alone controlled by the federal government. Steve Aichroth, adminstrator for the…

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Las Vegas Nevada

Las Vegas’ housing crisis a serious problem, analysts, government agree | Housing | Business – Las Vegas Review-Journal

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There is no way around it, the Las Vegas Valley has a big problem, said the leader of the Nevada Housing Coalition. “Straight answer is we have a housing crisis in every sense of the imagination,” said Maurice Page, executive director for the coalition. Nevada is short more than 78,000 affordable rental units for extremely low income renters, according to estimates from the National Low Income Housing Coalition. Plus, the valley is landlocked with 88 percent of Clark County alone controlled by the federal government. Steve Aichroth, adminstrator for the…

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Dubai

Saudi real estate sector contributes 5.9 percent to GDP, hits $169.5 billion in transactions – Economy Middle East

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Real estate activities in Saudi Arabia have continued to grow since the beginning of 2024, recording more than 280,000 transactions worth more than SAR636 billion ($169.5 billion), and extending over a total area of more than two billion square meters. The sector’s contribution to the Saudi GDP reached 5.9 percent in the fourth quarter of 2023. Recent real estate stock exchange activity During the last week ending June 22, 2024, the real estate stock exchange witnessed 518 deals, with a transaction value exceeding SAR331.7 million, and a trading area of…

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USA

The US real-estate market is headed for a correction, strategist says – Yahoo Finance

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America’s real-estate market is in for a big correction, one strategist says.erhui1979/Getty Images The real-estate market could soon see a major “leg down,” the strategist Chris Vermeulen said. Signals in construction activity are mirroring the period leading up to the 2008 crash. “People don’t realize real estate is primed and ready for another major leg down,” he said. America’s real-estate market could be in for a big correction, the veteran strategist Chris Vermeulen said. The chief market strategist of The Technical Traders pointed to worrying signals flashing in the real-estate sector,…

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USA

Commercial Real Estate Market Size, Industry Overview, Opportunity and Forecast 2024-2032 – EIN News

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The commercial real estate market is expected to reach US$ 9.6 Trillion by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032. ST. BROOKLYN, NY, USA, June 26, 2024 /EINPresswire.com/ — IMARC Group, a leading market research company, has recently releases report titled “Commercial Real Estate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The study provides a detailed analysis of the industry, including the global commercial real estate market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights…

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Other

Austin Housing Market Rocked as New Home Prices Slashed Up to 30% – Newsweek

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The former pandemic boomtown of Austin, Texas, is still seeing sellers slashing the asking price on their homes by as much as 30 percent, with the city yet to fully recover from the aggressive blow it was dealt in recent years. Read more: How Much Is My House Worth? How to Determine Your Home’s Value A newly built, three-bedroom, three-bathroom single-family home in New York Avenue, Austin, was listed for sale on Zillow on Monday, June 24, for $899,000—over $400,000 less than it was sold for in August 2023. The…

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Dubai

OMNIYAT Group Unveils Ambitious AED 100B Portfolio Plans for Next Five Years – Dubai Chronicle

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OMNIYAT plans to increase its total ultra-luxury real estate portfolio value to AED 50B. OMNIYAT GROUP’s commitment includes AED 50B in new real estate divisions targeting multiple segments in the market. OMNIYAT, Dubai’s ultra-luxury real estate leader, has announced a new chapter in its remarkable journey with the unveiling of a new corporate structure led by the newly-formed OMNIYAT GROUP. Founded as an umbrella to drive success across its branded companies, OMNIYAT GROUP has announced an AED 100B total group portfolio target over the next five years and committed AED…

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Dubai

Makyee: Pioneering efficiency in Dubai’s real estate market – Khaleej Times

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One of Makyee’s standout features is its capability to handle digital currency transactions, positioning it at the forefront of modern real estate solutions @import url(‘https://cdnjs.cloudflare.com/ajax/libs/font-awesome/5.12.0-2/css/all.min.css’); .socio { position: relative; /*( left: 50%; */ /* transform: translate(-50%, -50%); */ margin:0; padding:0; display:flex; } .socio .socio-child { list-style: none; } .socio .socio-child a { position: relative; width:40px; height:40px; display:block; text-align:center; margin:0 0px; border-radius: 50%; padding: 4px; box-sizing: border-box; text-decoration:none; transition: .5s; } .socio .socio-child a:hover { text-decoration:none; } .socio .socio-child a .fab { width: 100%; height:100%; display:block; background:#fff; border:1px solid #ccc; border-radius:…

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USA

5 US cities to buy houses in right now, per celebrity realtor – Business Insider

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Real Estate These are the 5 US cities you should buy a home in before you get priced out of the housing market, says ‘Million Dollar Listing’ real estate investor Aditi Bharade 2024-06-26T08:46:28Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon LinkedIn Link icon An image of a chain link. It symobilizes a website link url. Copy Link…

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