Byron Lazine, Tom Toole, and Lisa Chinatti discuss their outlook for the rest of 2023, the 64% of Americans waiting for rates to drop, the shortage of homes for buyers with median incomes, why 7% is too high for today’s market, the next Fed meeting, and a Steve Harney Tweet on foreclosures.
The Federal Housing Finance Agency (FHFA) released its House Price Index (HPI®) for Q1 and March of 2023. House prices climbed 4.3% from Q1 2022 to Q1 2023. They also rose 0.5% compared to Q4 2022, while, on a monthly basis, they rose 0.6% from February.
Byron Lazine and Nicole White discuss Elon Musk’s questionable Tweet on the housing market, agents wondering if the market will ever return to normal, and a Tom Ferry video on AI, and its (developing) impact on the role of the real estate professional.
A new StorageCafe report names the top 20 U.S. metros for real estate development—commercial, industrial, and residential—over the past decade. Fifteen of those 20 are in the Sun Belt, with Texas metros taking the top five spots, led by Houston.
yron Lazine and Tom Toole discuss rising mortgage rates, the recent rallying of homebuilder sentiment, inventory drops, inflation causing an uptick in mortgage delinquency, and the meaning of value-based follow-up.
2023 is shaping up to be a year full of opportunities to educate yourself and grow your business with the help of real estate industry leaders. To help you narrow it down, here are some can’t-miss real estate conferences to attend in 2023.
For daily real estate news, business and marketing.
