June 2021

Pending Home Sales Surge Higher, but Economists Warn That the Housing Market Could ‘Soon Hit Bottom’

The numbers: More Americans signed on the dotted line to buy a home last month, but the factors that have tested the nation’s housing market are likely to eat into sales in the months to come. Pending home sales rose 8% in May compared with April, the National Association of Realtors reported Wednesday. Economists polled by MarketWatch had projected a 1% decrease for pending home sales in...

Could Blockchain Technology Allow Small-Scale Investors to Get in the Real Estate Game?

What if anybody could invest in real estate and profit in the same way as investment sharks do? AcreageWay has set out to achieve this goal by developing a blockchain-based platform for small-scale investors to participate in fractionalized real estate. This is one of the first platforms in Canada to welcome non-traditional investors who want to invest in real estate in the same way they do with...

4 Emerging Trends in Real Estate Tech

Innovations in real estate technology have the potential to automate the business and sales process for real estate agents and free up time that could be spent on more high-value activities, said Jeff Turner, entrepreneur in residence at Second Century Ventures, a venture capital fund focused on innovation in real estate technology. Turner presented four emerging technology trends that he sees having a...

10 cities where tech strength defies the pandemic

The last 18 months have been difficult for technical talent development in the United States. Due to pandemic-related constraints, on-site training became difficult or impossible. Meanwhile, well-known tech centres like the San Francisco Bay Area and the New York City metro area have had negative migration patterns. Engineers fleeing the region in quest of lower living costs elsewhere are a major cause of...

Gen Z Is Getting Ready To Enter the Housing Market

Get ready. Generation Z is preparing to enter the housing market over the next few years. Almost three-quarters of this cost-conscious generation, currently aged 18 to 25, would prefer to own a home rather than rent one, according to a recent Realtor.com® survey. That’s likely because it can be more financially beneficial to own and build wealth rather than deal with escalating rents each year—and...

New home sales unexpectedly slide as prices hit record high

New home sales unexpectedly fell in May as prices climb to record highs. Sales of new single-family homes fell 5.9% in May to a seasonally adjusted annual rate of 769,000, according to the Census Bureau and Department of Housing and Urban Development. Last month’s reading was revised down by 46,000 to 817,000. Analysts surveyed by Refinitiv were expecting an increase to 870,000 in May.  New...

8 Tips for Achieving Maximum Coziness

Gray skies don’t have to mean a drab indoor life. As winter plods along, you may wish you could just hibernate until spring — and that may be more true than ever this year. But there is, indeed, joy to be found in the quieter months of the year. While the trend may have come and gone in the U.S., the art of hygge, that feeling of being ultra-cozy and content, is just part of everyday life...

Existing-Home Sales Slump As Momentum Slows in the Housing Market

The numbers: Existing-home sales fell for the fourth consecutive month, as buyers continue to face major hurdles in the road to becoming homeowners. Existing-home sales fell 0.9% to a seasonally adjusted annual rate of 5.8 million in May, the National Association of Realtors reported. Compared with May 2020, home sales were up nearly nearly 45%, though the year-over-year comparisons are skewed by the...

Lumber Prices Are Finally Dropping After They Soared During The Pandemic

They say money doesn't grow on trees, but over the last year it did. Lumber prices skyrocketed to historic highs during the coronavirus pandemic, fueled by a demand for new homes and a surge in renovations and DIY hobbyist projects by those of us on lockdown. Now those record wood prices are finally starting to crack, and more builders across the U.S. are able to reach for their toolboxes. Robert...

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