estate market – Talktalk China http://talktalkchina.com/ Wed, 16 Mar 2022 14:39:36 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://talktalkchina.com/wp-content/uploads/2021/10/icon-2-120x120.png estate market – Talktalk China http://talktalkchina.com/ 32 32 The Slavin Group are Tempe, AZ’s Top Rated Realtors https://talktalkchina.com/the-slavin-group-are-tempe-azs-top-rated-realtors/ Wed, 16 Mar 2022 14:39:36 +0000 https://talktalkchina.com/the-slavin-group-are-tempe-azs-top-rated-realtors/ Tempe, AZ – When it comes to buying or selling a home in Arizona, it’s common for individuals to make mistakes that can be costly in the long run if they go through the process alone. To act as a bridge between the market and landlords is The Slavin Group, Tempe-based real estate agents. With […]]]>

Tempe, AZ – When it comes to buying or selling a home in Arizona, it’s common for individuals to make mistakes that can be costly in the long run if they go through the process alone. To act as a bridge between the market and landlords is The Slavin Group, Tempe-based real estate agents. With over 25 years of experience in all facets of residential real estate, the passionate Realtors have dedicated their careers to helping clients buy, sell or rent homes in Tempe, Chandler, Scottsdale, Mesa, Queen, Creek and the surroundings. in Arizona.

The Slavin Group is a family business based on compassion, respect, honesty and integrity. Knowing that each family/client has different requirements for their home, real estate agents take the time to listen to clients’ needs to understand their lifestyle, future goals and budget in order to develop a plan that meets those needs. needs. This approach has earned the company numerous 5-star reviews, positive testimonials, and a loyal customer base.

Whether a client is an experienced investor, first-time buyer/seller, up/down buyer, or community buyer over 55, they can find personalized solutions when working with Tempe AZ Realtors. The Slavin Group aims to educate and empower buyers to understand the Arizona home buying process from start to finish. They break down the intricacies of real estate markets, including setting up a search, making an offer, counteroffers, home inspections, appraisals, and tours. Estate agents also explain the contents of the various forms and help clients select/buy their dream home seamlessly.

When it comes to representing sellers, The Slavin Group focuses on marketing to ensure properties get maximum exposure in the right market. Although selling a house may seem simple, certain intricacies require the expertise and advice of a real estate agent. For this reason, Tempe Realtors has a resource center filled with numerous videos that educate individuals on what to look for and the process of selling a home. They help customers understand the seller’s property description, HOA addenda, wire fraud disclosures, and more.

The services offered by the real estate company do not end with the purchase or sale of a property. Instead, real estate agents cater to after-sales buying needs. They match clients with the right contractors for renovation projects, recommend suitable home-specific design ideas, and advise on how to maximize space for investment properties.

To learn more about the Arizona real estate market, visit the real estate company’s website or call 602-762-8962 to speak with a real estate agent. The Slavin Group is located at 2141 E. Broadway Rd #101, Tempe, Arizona, 85282, USA.

Media Contact

Company Name
The Slavin group
Contact Name
Marc Slavin
Call
602-762-8962
Address
2141 E. Broadway Rd #101
Town
temple
State
Arizona
Postal code
85282
The country
United States
Website
https://www.theslavingroupaz.com/

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Global Residential Real Estate Market (2022 to 2027) – https://talktalkchina.com/global-residential-real-estate-market-2022-to-2027/ Thu, 10 Mar 2022 12:33:36 +0000 https://talktalkchina.com/global-residential-real-estate-market-2022-to-2027/ Dublin, March 10, 2022 (GLOBE NEWSWIRE) — The “Residential Real Estate Market – Growth, Trends, Impact of COVID-19 and Forecast (2022-2027)” report has been added to from ResearchAndMarkets.com offer. The global residential real estate market is expected to witness a growth rate of over 9% during the forecast period (2022 -2027). Residential real estate (RRE) […]]]>

Dublin, March 10, 2022 (GLOBE NEWSWIRE) — The “Residential Real Estate Market – Growth, Trends, Impact of COVID-19 and Forecast (2022-2027)” report has been added to from ResearchAndMarkets.com offer.

The global residential real estate market is expected to witness a growth rate of over 9% during the forecast period (2022 -2027).

Residential real estate (RRE) markets are impacted by the COVID-19 pandemic in several ways. On the one hand, shutdowns and increased use of remote working practices are likely to increase demand for RRE and accommodative monetary policy is likely to improve its accessibility. On the other hand, the economic slowdown and the rise in unemployment should weigh negatively on demand. Due to the closures most construction activity and real estate transactions came to a halt during covid, in 2021 as soon as the easing of the lockdown took place the residential real estate market surged.

The residential real estate market is the cornerstone of the well-being of any economy. Housing is considered a basic human need and is at the base of the famous pyramid of needs (Maslow). Therefore, it is understood that the way the residential real estate market evolves has a ripple effect on many people around the world.

Residential properties such as apartments, bungalows and villas are bought and sold on the market. The residential real estate market in emerging countries is mainly driven by urbanisation. Large cities in emerging countries such as India, China, Brazil, Argentina and South Africa, among others, are experiencing rapid expansion and need additional housing to accommodate people migrating from various parts of the world. country.

In addition, government measures promoting affordable housing are stimulating the expansion of the market. For example, the governments of Australia, the United States, and Canada have planned strategies such as first-time buyer concessions, veterans grants, golden visas, low-cost affordable housing programs, and reduced transaction taxes, which should stimulate the growth of the residential real estate market. Even low mortgage interest rates are also fueling the residential real estate market in countries like the United States, Canada, India, Australia, etc.

Main market trends

Growing urbanization propelling the residential real estate market

Today, some 55% of the world’s population, or 4.2 billion people, live in cities. This trend should continue. By 2050, with the urban population having more than doubled from its current size, almost 7 out of 10 people in the world will live in cities.

Most of this urbanization is occurring in the developing world in cities such as Lagos, Bangalore, Beijing, and many other cities in Asia, Africa, and Latin America. In fact, of this projected growth, India, China and Nigeria are expected to account for 35% of this global urban population growth.

With over 80% of global GDP generated in cities, urbanization can contribute to sustainable growth if managed well by increasing productivity, allowing innovation and new ideas to emerge. However, the speed and scale of urbanization is accelerating the demand for affordable housing.

In recent years in Australia, there has been a lot more land freed up for low density in the growth corridors of major cities. As a result, we have seen an increase in the number of first-time home buyers. There is a move towards a shared urban lifestyle in apartments, with 30% of houses in Sydney being apartments.

Since there is a growth of Tier 2 and Tier 3 cities in Asian countries like India, China, etc., there is a huge increase in demand for housing in these cities and urbanization in those countries that are boosting residential real estate.

Increase in residential property in the United States due to the fall in the mortgage rate

Mortgage rates also affect the residential real estate market through the cost of financing a home purchase. Most Americans take out a mortgage to buy a home, and mortgage debt accounts for about 70% of total household debt. Aggressive interest rate cuts and quantitative easing by the Federal Reserve drove down Treasury yields, also pushing down mortgage rates.

Industry experts say the current housing boom was born out of a cocktail of low interest rates, booming demand and supply bottlenecks. In short, it is a situation that many feel acutely, with no single policy to blame and no easy solution.

Banks lent about $1.61 trillion for home purchases in 2021, up about 9% from 2020. The housing market has strengthened during the pandemic as many Americans shift to work at home, which added bonus living space. Sustained job growth, a stock market at historic highs, rising rents and expectations of higher mortgage rates also boosted home buyers.

The extraordinarily low mortgage rates that have helped to intensify demand in the housing market are expected to continue to rise in 2022, pushing the residential real estate market.

Main topics covered:

1. INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW
4.1 Current Market Scenario
4.2 Residential Real Estate Purchase Trends – Socio-Economic and Demographic Insights
4.3 Government initiatives and regulatory aspects relating to the residential real estate sector
4.4 Overview of mortgage loan sizes and loan-to-value trends
4.5 Overview of interest rates for general economy and mortgages
4.6 Overview of rental yields in the residential real estate sector
4.7 Overview of Capital Market Penetration and REIT Presence in Residential Real Estate Industry
4.8 Overview of Support Provided by Government and Public-Private Partnerships for Affordable Housing
4.9 Overview of technology and startups active in the real estate sector (brokerage, social media, facilities management and property management)
4.10 Impact of Covid-19 on the market

5 MARKET DYNAMICS
5.1 Drivers
5.2 Constraints
5.3 opportunities
5.4 Porter’s Five Forces Analysis
5.4.1 Bargaining power of suppliers
5.4.2 Bargaining power of buyers
5.4.3 Threat of new entrants
5.4.4 Threat of Substitute Products
5.4.5 Intensity of Competitive Rivalry

6 MARKET SEGMENTATION
6.1 By type
6.1.1 Condominiums
6.1.2 Villas
6.1.3 Other types
6.2 By geography
6.2.1 North America
6.2.1.1 United States
6.2.1.2 Canada
6.2.2 Europe
6.2.2.1 United Kingdom
6.2.2.2 France
6.2.2.3 Germany
6.2.2.4 Rest of Europe
6.2.3 Asia-Pacific
6.2.3.1 China
6.2.3.2 India
6.2.3.3 Japan
6.2.3.4 South Korea
6.2.3.5 ASEAN
6.2.3.6 Australia
6.2.4 Middle East and Africa
6.2.4.1 United Arab Emirates
6.2.4.2 Saudi Arabia
6.2.4.3 South Africa
6.2.4.4 Rest of Africa
6.2.5 Latin America
6.2.5.1 Brazil
6.2.5.2 Argentina
6.2.6 Rest of the world

7 COMPETITIVE LANDSCAPE
7.1 Overpowering Market Concentration
7.2 Company Profiles
7.2.1 Christie International Real Estate
7.2.2 ColdWell Banker Real Estate Company
7.2.3 Al Habtoor Group
7.2.4 DLF Ltd.
7.2.5 Hochtief Company
7.2.6 IJM Corporation Berhad
7.2.7 Engel & Volkers AG
7.2.8 Lennar Society
7.2.9 Raubex SA Group
7.2.10 Pulte Group Inc.
7.2.11 Dr. Horton
7.2.12 Savills PLC
7.2.13 Sotheby International Realty Affiliates LLC
7.2.14 Sun Hung Kai Ltd Properties

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

9 APPENDIX

For more information on this report, visit https://www.researchandmarkets.com/r/tlxu67

        
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Real estate marketing and beyond https://talktalkchina.com/real-estate-marketing-and-beyond/ Tue, 01 Mar 2022 13:36:05 +0000 https://talktalkchina.com/real-estate-marketing-and-beyond/ This quick story will change quickly. At first, the Russian-Ukrainian war is likely to impact the US residential real estate market in several ways. The two most likely and quickest are probably an increase in building material costs that is offset by a lower increase in mortgage rates. The conflict is felt around the world […]]]>

This quick story will change quickly. At first, the Russian-Ukrainian war is likely to impact the US residential real estate market in several ways. The two most likely and quickest are probably an increase in building material costs that is offset by a lower increase in mortgage rates.

The conflict is felt around the world and soon in your neighborhood. Global financial markets have already developed a serious case of jitters. One day the financial markets plunge and the next brings a major rebound. This is dramatic uncertainty and financial markets do not like uncertainty. Pension funds, 401k, stocks, cryptocurrency and all monetary storage systems have become volatile. These are the main places where homebuyers and investors withdraw funds to make real estate purchases.

The high-end real estate market for vacation and luxury residences will probably be the first sector impacted. These purchases are easier to delay and draw more funding from volatile financial markets. However, real estate is a major purchase for buyers in all price ranges and reluctance to pull the trigger will spread everywhere if the Russian-Ukrainian war drags on for very long.

Crude oil prices and inflation need to be watched closely. The results of the next Federal Reserve meeting March 15-16 have become even less secure. Inflation was expected to cause interest rates to rise by a quarter or half a percent. But the rapid rise in crude oil prices will soon amplify inflation in all sectors of the global economy. Higher transportation costs will not only be felt at gas pumps, but will affect everything transported by land, sea and air. Everything will become more expensive, from the cost of 2X4s to build houses, to appliances for a kitchen renovation, to the cost of toothpaste in the already renovated bathroom. Crude oil prices will certainly increase home heating costs and pose an additional threat to the already fragile supply chain.

For now, lower mortgage rates seem to be a beacon of hope in the real estate market. Although inflationary pressures are much higher, the immediate reaction of the mortgage market was a drop in interest rates which had been rising steadily since the start of the year. This is mainly due to nervous investors shifting money to the safer options of mortgage-backed securities, US Treasuries and safer corporate bonds. In light of all that is going on, this transfer of investment funds has put downward pressure on mortgage rates. At least temporarily and maybe until the outcome is known from the March 15-16 Federal Reserve meeting.

What could be interesting is that the effect could be felt on both the supply and demand side of the residential real estate market. High oil prices will fuel inflation. Inflation slows consumer demand and could eventually lead to a recession. The reality of war has already disrupted stock markets. Potential buyers don’t know how much their investments are worth from one day to the next. Interest rates are also in question. Less money for down payments and higher interest rates will reduce demand for homes. Higher construction costs will slow new construction, further reducing the supply side of the equation. The conclusion could be that supply and demand will decrease in the coming weeks. This cannot be good for the residential real estate market as a whole. But there is more to come…

Last week, the Federal Reserve was leaning towards a substantial 1/2 percent interest rate hike. It is now possible that the opportunity to slow inflation has been missed. The Federal Reserve may now have to deal with inflation as the possibility of a global recession looms large. The Fed fights a recession by lowering the interest rate. This would help support housing demand. A new level of importance has been added to the Federal Reserve’s March 15-16 meeting. This will indicate whether the Fed intends to continue to catch up with developments in the economy or whether it will try to distance itself from changes before they occur.

Please share your thoughts by leaving a comment.

Additionally, our weekly Ask Brian column welcomes questions from readers of all levels of experience with residential real estate. Please send your questions, inquiries or story ideas to [email protected].

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Canadian real estate agents and brokers report record revenues and profits https://talktalkchina.com/canadian-real-estate-agents-and-brokers-report-record-revenues-and-profits/ Thu, 24 Feb 2022 17:11:22 +0000 https://talktalkchina.com/canadian-real-estate-agents-and-brokers-report-record-revenues-and-profits/ Canada’s booming real estate market is making the industry rain. Data from Statistics Canada (Stat Can) shows that agents and brokers received record revenues in 2020. Despite a slow second quarter, strong demand in the second half more than offset the setback. Strong demand (and rising prices) has helped generate the largest profit margins ever. […]]]>

Canada’s booming real estate market is making the industry rain. Data from Statistics Canada (Stat Can) shows that agents and brokers received record revenues in 2020. Despite a slow second quarter, strong demand in the second half more than offset the setback. Strong demand (and rising prices) has helped generate the largest profit margins ever. The national statistics agency expects the figures for the following year to be even bigger.

Canadian real estate agents and brokers report strongest revenue growth since 2016

Canadian real estate agents and brokers recorded record operating revenues. Revenue exceeded $17.3 billion in 2020, up 11.4% from the prior year. Even with lower sales in the second quarter, revenue grew the fastest since 2016. The rest of the year more than made up for the brief downturn.

Canadian real estate brokerage revenues

The annual income of real estate agents and brokers in Canadian dollars.

Source: Statistics Canada; Live better.

In Canada, it is common for real estate agents and brokers to be paid as a percentage of the price. Soaring prices and volumes predictably lead to higher compensation. Starting in 2020, sales and prices started to take off, so the rise in revenue should come as no surprise.

Nevertheless, the revenues are enormous. Operating revenue is higher than that of the Arts, entertainment and recreation segment of GDP. Even before 2020, before the downturn in arts and recreation. It is also not about all the real estate, but only the revenue agents and brokers collected.

Operating profits hit a record 32.5% in 2020

Operating profits have never been higher for real estate agents and brokers. The average profit margin jumped to 32.5% in 2020 from 30.2% the previous year. Of the $17.3 billion in gross revenue generated, $5.6 billion turned into operating profits. The industry has never seen such large margins, but again, this is somewhat expected.

Profit margin of Canadian real estate sales

The profit margin of Canadian real estate agents and brokers, in percentage.

Source: Statistics Canada; Live better.

Strong demand, low inventory and helicopter central bank debt were a big help. If buyers are circling the MLS for any new listings to bid on, it is much cheaper to market properties. That’s not always the case, but it was most likely the case in 2021 as well.

Compensation has grown at the fastest rate since 2017

Compensation for real estate brokers and agents, separate from profits, also hit a record high. Agents, brokers and directors were paid $1.77 billion in 2020, up 7.14% from the previous year. It was the biggest jump since 2017, but it didn’t quite keep pace with industry growth. To say that Canada has a lot of real estate agents understates it.

Compensation is just $12,142 per agent. Sales are also concentrated on a small portion of the top performers, leaving many earning next to nothing. Big numbers, but without taking into account the part of the Canadian economy that depends on home sales.

The recent hot market didn’t really take off until the following year. “The real estate agent and brokerage industry is expected to reach new heights in 2021,” the agency wrote. Higher prices and increased dollar volumes are their reason for breaking records in the next update.

Profitable, high-growth industries that consistently outperform lead to significant capital misallocations. This can be seen in a few areas, such as the heavy reliance on real estate prices as a share of the Canadian economy. Non-financial misallocation also occurs, such as a concentration of real estate sellers per capita. This makes it even more difficult to create an efficient market. However, the longer this persists, the stronger the misallocation becomes, making matters worse.

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Decreases in local residential real estate inventories https://talktalkchina.com/decreases-in-local-residential-real-estate-inventories/ Tue, 15 Feb 2022 11:58:00 +0000 https://talktalkchina.com/decreases-in-local-residential-real-estate-inventories/ Local real estate inventory hit an all-time high in January 2022 (Photo by Michael Tuszynski of Pexels) HAMPTON ROADS – Real estate inventory in the Greater Hampton Roads area plummeted in January 2022. In a report released by the Real Estate Information Network, Inc. (REIN), it lists that January saw a record month of inventory […]]]>
Local real estate inventory hit an all-time high in January 2022 (Photo by Michael Tuszynski of Pexels)

HAMPTON ROADS – Real estate inventory in the Greater Hampton Roads area plummeted in January 2022.

In a report released by the Real Estate Information Network, Inc. (REIN), it lists that January saw a record month of inventory supply (MSI) across the region. In December, REIN hit a record low of 0.88, but fell back the following month to 0.79.

REIN notes that this low rate means real estate is being bought up faster than houses are being put up for sale on the market.

“Buyers have struggled for the past two years,” said Liz Moore, chair of the board of REIN, of Liz Moore & Associates, which has a location in Williamsburg. “When there are five bids on a new listing, only one buyer wins their bid. That leaves four disappointed and still looking.

In the report, it says the median price at which residential properties sold in January 2022 was $291,000; down from $290,000 in December and nearly 10% above the year-over-year price of $264,950.

Moore attributes this to historically low interest rates and a lack of supply motivating buyers to pay above the asking price or enter bidding wars for sought-after properties.

“Over the past year, sellers have benefited from peak prices, which have been enhanced by multiple offers in many cases,” she said.

The market also saw fewer active listings in January compared to a year earlier. In January 2021, the local real estate market had 3,664 active listings compared to 2,536 active listings in January 2022. In addition, new construction sales fell from 309 in December 2021 to 269 in January, and pending sales increased slightly down year on year.

For more information on this and other real estate data around Hampton Roads, please visit REIN’s website.

Always be informed. Click here to get the latest news and information delivered to your inbox

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Owner or Flipper? Beginner’s guide to investing in residential real estate https://talktalkchina.com/owner-or-flipper-beginners-guide-to-investing-in-residential-real-estate/ Tue, 08 Feb 2022 20:45:19 +0000 https://talktalkchina.com/owner-or-flipper-beginners-guide-to-investing-in-residential-real-estate/ Of course, although not without risk, real estate remains one of the safest and most rewarding investment opportunities. From flipping to leasing to rehab, there are many ways to go, which provides options but can be daunting for those unsure where to start. Let’s focus on two of the best investing methods for beginners. buy […]]]>

Of course, although not without risk, real estate remains one of the safest and most rewarding investment opportunities. From flipping to leasing to rehab, there are many ways to go, which provides options but can be daunting for those unsure where to start. Let’s focus on two of the best investing methods for beginners.

buy and keep

If you’re looking for a conservative, low-maintenance investment, buy-and-hold might be the perfect fit for you. Simply put, it’s about buying a house and holding it for an extended period of time as it increases in value. More often than not, the owner will lease it while owning it in order to generate positive cash flow. Note that obtaining financing may be more difficult than it was for your actual home — for a non-primary home, the down payment could be 20 or even 30 years old percent.

Market timing is important, but timing yourself is even more important. How long do you want to keep this asset? This answer will guide further decisions. A property you want to own for five years versus one you want to own until you retire in 25 years will rarely look the same. Smart investments in the home, such as replacing flooring, repainting walls, or new kitchen finishes, can increase home value and projected rent, but be careful not to eat into your eventual profit margin. Look for renovation projects that have the best return on investment.

At the risk of sounding obvious, the house must be an income-generating asset. When researching potential homes to buy and keep, you should fully consider current rents in the community and project what you would realistically collect each month after taxes, insurance, utilities, potential vacancy, HOA fees, the if applicable, etc. a well-researched and executed buy and hold is a very safe bet on future prosperity.

To return to

More than just reality TV fodder, buying and flipping homes after a quick rehab is still a very valuable way to invest in real estate. This method is much faster and requires much more work during this period. Given obstacles such as rapidly changing market dynamics or unforeseen renovation complications, it can be more risky. So you will have to do a lot of homework beforehand. Not only are labor costs adding up fast, but a particularly pressing concern right now is the skyrocketing cost of certain raw materials.

The key to getting started is being able to identify an undervalued home that you can project on with confidence that you can generate an immediate profit. Buying a home at 85% of fair market value is a solid benchmark to aim for in your search. It’s probably not something you see on Zillow every day, which is why the best way to find such an undervalued home is directly from the seller, which also reduces the number of competing offers you face. are likely to face.

The home can be undervalued for one of many reasons, but make sure a structural red flag isn’t one of them with a thorough inspection. Next, time is money when it comes to returning, so you should already have renovation projects and potential contractors in mind when you close the house so you can start them right away. 60 days is an aggressive but realistic window to complete the renovations, put them back on the market and find a buyer.

In certain circumstances, the rollover can be combined with the buy and hold for a hybrid type strategy. For example, buying a house and renovating it, but renting it out for three to five years to allow it to appreciate more. Of course, there are many other ways to invest in the real estate market, but these two strategies are some of the best to start with.

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Emerging Technology for Realtors in 2022 https://talktalkchina.com/emerging-technology-for-realtors-in-2022/ Mon, 07 Feb 2022 22:43:02 +0000 https://talktalkchina.com/emerging-technology-for-realtors-in-2022/ Whether it’s leads or lists, automation or integration, new technologies always promise to change the way real estate professionals do business. physical multiple listing service (MLS) to digital, from handwritten to electronic signatures – the practice of real estate is shaped by advances in technology and how society adapts to it. The real estate industry […]]]>

Whether it’s leads or lists, automation or integration, new technologies always promise to change the way real estate professionals do business.

physical multiple listing service (MLS) to digital, from handwritten to electronic signatures – the practice of real estate is shaped by advances in technology and how society adapts to it.

The real estate industry has already incorporated several generations of technological advancements that are changing the way transactions are processed. Increasingly, real estate agents rely on new technologies to stay competitive.

This need for agents is especially true when it comes to helping young homebuyers such as Millennials. This highly educated and tech-savvy demographic will become a vibrant player in the California real estate market once home prices match their long-awaited incomes around 2025 with the housing market and job recovery. [See RPI e-book Real Estate Economics Factor 15: First time homebuyers]

Related article:

Baby boomers are retiring and California is shaking

But what emerging technologies are poised to improve agency and homebuyer experiences in 2022 and beyond? To understand, let’s look at where technology and real estate intersect today.

Today’s technology and tomorrow’s innovations

A 2021 survey identified the most valuable technology tools for working real estate agents as follows:

  • electronic signatures;
  • local MLS apps and technology; and
  • Social Media.

In the same survey, agents said they expect the most impactful emerging technologies to affect the real estate profession within two years:

  • drone;
  • cyber security;
  • 5G;
  • virtual reality (VR);
  • artificial intelligence (AI); and
  • augmented reality (AR).

Drone are used in real estate to take aerial images of a property. This helps listings stand out. They enhance photos and present unique perspectives of the property. However, agents operating drones must hold a remote pilot license by passing a aeronautical knowledge test from a Federal Aviation Administration (FAA) approved test center. Certification must be renewed every two years.

cyber security, the practice of protecting critical systems and sensitive information from digital attacks, is becoming increasingly important as scammers look for new ways to exploit weaknesses in consumer security measures. A cybersecurity system prevents data breaches through encryption data when stored or sent. This way, only appropriate authorized users can access sensitive information.

Drones and cybersecurity are not entirely new, but are becoming commonplace, even necessary, for real estate professionals to remain competitive and secure. Yet it’s the tech alphabet soup of 5G, VR, AI, and AR that’s got tech-savvy agents buzzing.

Related article:

Realtors take flight with new drone guidelines

5G sets the scene

5G, the fifth generation of cellular technology, offers more bandwidth and faster speeds than today’s 4G standard. 5G also supports connectivity for the Internet of Things (IoT) – thermostats, doorbells, light bulbs, home security systems, self-driving cars and a host of other smart innovations across all industries. To support this growth, 5G networks should serve at least 1.7 billion users worldwide by 2025, as predicted in a GSMA Intelligence report.

the single-family residential (SFR) market is expected to benefit from 5G through its support for:

  • smart home technologythat allows greater connectivity for multiple devices;
  • remote brokerage officesthanks to faster speeds of transferring documents and programs to the cloud — especially useful for agents managing transactions remotely;
  • AI progress this will lead to powerful new tools like AI-generated property reports;
  • AR and VR, which requires a fast connection to deliver data-intensive experiences such as immersive digital home tours; and
  • greater flexibility work remotely, thanks to the Federal Communications Commission’s (FCC) ongoing efforts to expand US 5G capabilities in rural areas.

5G offers nearly every industry the opportunity to innovate and adapt. The public’s confidence and expectations regarding this technology may soon change their requirements when it comes to buying a house and choosing a real estate agent.

Related article:

Tech Corner: Virtual reality in the real estate market – fad or future?

Home in the Metaverse

Virtual reality and augmented reality are a revolutionary type of immersive digital technology with monumental implications for the future of real estate. Like the advent of the computer and the smartphone, new technologies have the potential to expand and even create markets.

Virtual reality immerses the viewer in a virtual world using a headset. AR superimposes digital information on the physical world while using a smartphone, tablet or soon digital glasses. Both technologies allow users to experience virtual environments in great detail, giving the user a greater sense of intimacy and familiarity with, for example, a house, without actually going there.

The visceral and emotional reaction to being in a new home can make the details of a sale transaction mere afterthoughts. In fact, emotions are twice as likely to drive buyers to make buying decisions than rational cognition, according to a study by the Journal of Advertising Research. Thus, virtual reality and augmented reality are useful tools to tell a captivating and emotional story to the homebuyer, a story that shows him exactly what he feels enjoy living in their new home.

With the ability to elicit such strong emotions, VR and AR technology is no longer just for video games. These technologies will be worth an estimated $80 billion by 2025, including $2.6 billion from the real estate sector, according to a Goldman Sachs report.

Virtual reality and augmented reality can be used in real estate to help buyers, renters and builders visualize the potential of a home or building, before construction even begins. Through virtual tours and virtual stagingBuyers no longer need to travel to a property’s physical location to get a feel for it, saving them time and better informing their property selection.

Related article:

Tech Corner: Vendors Save Money with Virtual Staging

Artificial Intelligence in real estate

AI refers to machines or systems that mimic human intelligence in performing tasks and continually improve based on the data collected. The AI ​​”learns” and responds to user input.

In real estate, AI can be used to home sales in various ways, including:

  • analyze the value similar properties in an area and adjust an offer based on these calculations;
  • guide virtual tours; and
  • produce an automated real estate reportaccording to Shore Agents.

AI is also an effective way to manage exchanges with customers and other agents. AI realizes virtual communication support through:

  • automated responses to queries;
  • chatbots or other online help features that generate responses;
  • models for offers and other specific responses; and
  • confirming the validity data and content submitted by others.

AI also improves organization, making it easier to find and use data and information. A more organized library of forms, documents, contact details, and customer information saves agents time and effort, while reducing manual entry on their part and collecting scattered data.

While the AI ​​can relentlessly handle tedious and repetitive tasks, it’s only as good as its inputs. Zillow Offers, which offers instant deals on homes, lost $420 million over three months in 2021 by relying on flawed algorithms to estimate home values. Thus, the output of AI-based machines is limited by the knowledge, creativity and biases of its designer.

Related article:

Proptech: the accelerator of change for real estate

Bigger Possibilities, Bigger Expectations

The next wave of technological innovation will introduce new frontiers of exploration and development. It has the potential to radically transform the way we perceive and interact with our neighborhoods.

As a result, homebuyers – especially Millennials and Gen Z – will have new expectations when engaging in various industries. This includes how they expect to buy and sell their homes, view property listings, and find and communicate with agents.

These emerging innovations are all interconnected. The widespread availability of 5G is bolstering developments in VR, AR and AI.

Real estate professionals who see the winds of change coming could better prepare for the future expectations of their clients by familiarizing themselves with this technology now. And that future could arrive sooner than you think.

Related article:

The Future of Cryptocurrency in Real Estate Transactions

Want to know more about the preferences and habits of young buyers and their relationship with the real estate market? Click on the image below to download the RPI book cited in this article.

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South Korea Residential Real Estate Market – Growth, Trends, Forecast (2021) https://talktalkchina.com/south-korea-residential-real-estate-market-growth-trends-forecast-2021/ Thu, 03 Feb 2022 13:48:00 +0000 https://talktalkchina.com/south-korea-residential-real-estate-market-growth-trends-forecast-2021/ The residential real estate market in South Korea is expected to register a CAGR above 11.97% during the forecast period (2022-2027). COVID-19 has brought a huge difference to the residential real estate market in South Korea. New York, 03 Feb. Sep 28, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of Report “South Korea Residential Real […]]]>

The residential real estate market in South Korea is expected to register a CAGR above 11.97% during the forecast period (2022-2027). COVID-19 has brought a huge difference to the residential real estate market in South Korea.

New York, 03 Feb. Sep 28, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of Report “South Korea Residential Real Estate Market – Growth, Trends, Forecasts (2021 – 2026)” – https://www.reportlinker.com/p06221846/?utm_source=GNW
The number of private apartments sold in Seoul from January to July 2021 was 1,895 units, down 86 percent from the same period last year (13,782 units). Across the entire metropolitan area, 40,876 households were sold, i.e. only 60% of the same period in 2020 (68,492 households). Due to government price regulation, Olympic Park Avenue Foret (12,032 households, Dunchon Jugong reconstruction) scheduled for sale in 2020 in Dunchon-dong, Gangdong-gu, has not yet been able to schedule the sale . In the case of Seoul, in 2020, the number of permits and permits, which can determine the amount of housing supply in the next three to five years, was reduced to 58,181 households in 2017, half of the level (113,131 households) when the Moon Jae-in government was inaugurated.

In January 2021, South Korea’s Ministry of Finance indicated that expanding housing supply would be a priority, with building regulations in densely populated urban areas being eased and redevelopment projects being supported to stabilize the housing market. The government changed policy direction earlier in 2021, announcing a plan to provide a total of 830,000 housing units nationwide, including 320,000 in Seoul by 2025.

In Asia, South Korea has developed its own green building certification system, the Green Standard for Energy and Environmental Design (G-SEED). which assesses the eco-friendliness of buildings by evaluating eight environmental domains.

Main market trends

The country’s urbanization is driving the market

Asia is urbanizing faster than Europe and North America. It will probably continue to house the majority of the world’s megacities (urban agglomeration areas with more than 10 million inhabitants). Seoul is one of the biggest of them.

The rapid industrialization Korea experienced accelerated migration patterns and population trends from rural to urban areas. The country has experienced unbalanced land distribution and demographic patterns caused by rapid demographic changes since the 1960s called industrialization.

Rapid urbanization and demographic and technological changes are among the trends in cities. These factors contribute to rising housing prices, a shortage of affordable housing, and a limited housing stock in many cities. These problems, in turn, threaten not only the stability of financial markets, but also the quality of life and integration, as well as the competitiveness of cities nationally and internationally.

In response, cities are focusing on creating more housing, including a more diverse range of options so that the housing stock meets the needs of different household types and income levels.

nBy applying the principles of good density of mixed, use and well-connected environments with high quality integrated urban environments, it is possible to create integrated urban environments that cater to a range of incomes and groups of population and contribute to the dynamism and authenticity of a city.

Supply of affordable housing in the country

South Korea ranked third from bottom, with a home affordability score of 3.94 (December 2021). With relatively low wages and high apartment prices, South Koreans can struggle to take their first step on the homeownership ladder. However, once they acquire their home, they will benefit from more convenient utility and internet costs.

As reported in February 2021, South Korea plans to provide 830,000 housing units in Seoul and other major cities by 2025 through housing redevelopment projects led by public agencies, marking the procurement measure at largest scale ever contemplated by the Moon Jae-in administration.

The Ministry of Land, Infrastructure and Transport has announced its real estate plan, which aims to provide affordable housing in major cities to meet demand from young people and cope with soaring housing prices.

Of the 830,000 housing units, 323,000 new homes will be built in Seoul and 293,000 in neighboring Gyeonggi Province and Incheon. The ministry also planned to add more than 220,000 new homes in major cities, including Busan, Daegu and Daejeon, which have seen rising property prices.

nThe focus of the new measure is to get public developers, such as state-owned companies Korea Land and Housing and Seoul Housing & Communities, to cut red tape and create fast-track approval processes to quickly expand l housing supply.

Competitive landscape

Housing or residential development in South Korea is mostly dominated by utilities, with instructions from the Ministry of Constructions. Housing developments in Korea are mainly undertaken by government agencies, such as the Korea National Housing Corporation and the Korea Land Development Corporation.

Dongbu Corporation, Hines, Shinyoung (Greensys), Korea Land and Housing Corporation, Booyoung Group, and HDC Hyundai Development are some of the major players in the market. The growing construction of residential and affordable homes in the country generates several opportunities for companies in the sector.

Additional Benefits:

The Market Estimate (ME) sheet in Excel format
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Read the full report: https://www.reportlinker.com/p06221846/?utm_source=GNW

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How fast are homes selling in Boston? https://talktalkchina.com/how-fast-are-homes-selling-in-boston/ Sat, 29 Jan 2022 15:42:04 +0000 https://talktalkchina.com/how-fast-are-homes-selling-in-boston/ Boston’s real estate market has been one of the fastest growing housing markets in the country over the past decade. Median sale prices have steadily increased by near double-digit margins since 2015 thanks to a rapidly growing local population and a shortage of single-family homes. As a result, homes for sale in Boston tend to […]]]>

Boston’s real estate market has been one of the fastest growing housing markets in the country over the past decade. Median sale prices have steadily increased by near double-digit margins since 2015 thanks to a rapidly growing local population and a shortage of single-family homes. As a result, homes for sale in Boston tend to buy quickly when they come on the market.

The median number of days on the Boston real estate market is 75 days over the past 12 months. This means that the average sale in Boston from the time the announcement hits the market to the time the close occurs is approximately 2.5 months. That’s more than 20 days longer than the national median days on market, which is 53.5 days over the same period.

If we break down that same number by neighborhood, we can see where homes stay on the market the longest in Boston compared to others. Properties tend to sell very quickly in Cambridge (61 days), Medford (61 days) and Roslindale (62 days) compared to other areas. There are 11 neighborhoods where the median days on market is less than 70 days:

Piece Median days on market
Brighton 69
charlestown 69
Hyde Park 68
Mission Hill 67
Jamaica plain 65
Somerville 64
West Roxbury 64
Quincy 64
Roslindale 62
Medford 61
Cambridge 61

In terms of longest median days on market, Fort Hill tops the charts with 151 days on market. It is important to note that Fort Hill does not see a large number of real estate transactions. There have only been 42 residential properties sold in Fort Hill in the past 12 months, and there are only 6 currently active homes for sale in Fort Hill. With such limited sales numbers, it’s easy to skew the median if a small number of properties have taken a long time to sell.

Downtown, East Boston and Seaport also experience longer real estate sales cycles than other neighborhoods, at 110, 110 and 104 median days on market respectively. There are 8 total neighborhoods in Boston where the median days on market is over 90:

Piece Median days on market
fort hill 151
Downtown 111
East of Boston 110
Seaport 104
Chinese district 101
west end 93
Longwood 93
North end 93

Interestingly, with the exception of Fort Hill, most of these areas are located in central Boston, close to downtown, and have much higher median sale prices than most areas of Boston.

Despite the competitive housing market, Boston’s median days on the market aren’t as short as some might expect. This may be due to higher than average listing prices in Boston due to seller confidence. Either way, these longer selling cycles give buyers leeway to negotiate lower prices than what is on sale.

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5 Best Realtors in Boston, MA https://talktalkchina.com/5-best-realtors-in-boston-ma/ Sat, 29 Jan 2022 01:49:57 +0000 https://talktalkchina.com/5-best-realtors-in-boston-ma/ Boston’s best real estate agents: The top rated real estate agents in Boston, MA are: Jacob Real Estate – specialize in Boston luxury apartments and luxury home and condo sales Key real estate group – specializes in the sale and rental of real estate in the Downtown and Greater Boston areas Andrew McKinney Real Estate […]]]>

Boston’s best real estate agents:

The top rated real estate agents in Boston, MA are:

  • Jacob Real Estate – specialize in Boston luxury apartments and luxury home and condo sales
  • Key real estate group – specializes in the sale and rental of real estate in the Downtown and Greater Boston areas
  • Andrew McKinney Real Estate – is an exclusive real estate agent with 13 years of experience in the Boston area
  • Hartley Real Estate Group – is a world-class real estate brokerage serving the greater Boston area
  • Charlesgate Property Group – a leading luxury real estate company in Boston specializing in sales, new developments and rentals

Jacob Real Estate

Jacob Real Estate is a full-service real estate company specializing in the sale and rental of homes in the greater Boston area. They are happy to be members of the largest apartment rental team in town, and their extensive real estate database contains over 132,000 listings. Their passion is to help you find your dream location, whether you are looking for apartments to rent or houses for sale. They specialize in the sale of luxury apartments as well as luxury houses and condos. Some of Boston’s most stunning luxury buildings and mansions are highlighted in their featured listings.

Their talented realtors have years of expertise in the Boston real estate market and are knowledgeable in all aspects of the business. When it comes to buying, selling or renting real estate, these representatives are experienced. They also help landlords by locating eligible tenants to fill vacant units and enabling them to use the best property management services available. The team has the knowledge and expertise to help you with any real estate needs you may have.

Products:

Real estate agent

SITE:

Address: 279 Newbury St #2, Boston, MA 02116
Call🙁617) 236-4048
Website: www.jacobrealty.com

COMMENTS:

“Nicholas Pagliarulo was very helpful and responsive during my recent search for a new apartment. He was very quick to answer any questions I had along the way, as well as arranging tours and sending videos of the apartments upon request. Overall he was a great real estate agent and got us into a new apartment in less than two weeks.” -Bianca S.

Key real estate groupBest Realtors in Boston

Key real estate group specializes in the sale and rental of real estate. Business is a complex organization that puts you, the consumer, at the center of everything it does. Their principles focus on both honesty and integrity, and they are well known and respected in the community. You will receive personalized treatment and be supported by a company respected as a customer-centric company. With every transaction, they execute multi-level marketing methods that benefit all customers.

These real estate agents have a wealth of knowledge about the areas in which they work. Your goal is to ensure that all unique customer requests are met while ensuring that the process and transactions run as smoothly as possible.

Products:

Real estate agent

SITE:

Address: 268 Newbury Street, 3rd Floor, Boston, MA 02116
Call🙁617) 279-0679
Website: www.keyrealtygroup.com

COMMENTS:

“I worked with Chris Hughes at Key Realty and highly recommend him. Chris really understood my preferences as a tenant and therefore saved me hours and hours of having to filter between available apartments. He was very focused in presenting me with units specific to my preferences, very responsive at all times of the day including weekends, and worked with me to negotiate brokerage fees with owners. He was transparent about the whole process and worked tirelessly to help me find my perfect apartment.” – Nathanael F.

Andrew McKinney Real EstateBoston Realtors

Andrew McKinney Real Estate is a one-of-a-kind real estate broker with over $250 million in transactions completed in the Boston area over the past 13 years. In Boston and surrounding cities and towns, Andrew works with buyers and sellers in all market categories. As a lawyer and holder of an MBA, Andrew has a unique blend of skills and a degree of expertise that sets him apart from other agents in the area. Andrew is a member of the National Association of Exclusive Buyer Agents, the Greater Boston Real Estate Board, the Massachusetts Association of Realtors and the National Association of REALTORS, as well as the National Association of Realtors.

Products:

Real estate agent

SITE:

Address: 37 E Concord St Unit 4, Boston, MA 02118
Call🙁617) 501-0233
Website: www.andrew-mckinney.com

COMMENTS:

“Andrew was a tremendous help in selling our property, he made the process easy for us and was always available to answer our questions. We contacted Andrew specifically for this sale as he had been our Buyer’s Broker when we originally purchased our property and had been such a great person to work with at the time. We highly recommend Andrew.” -Niall L.

Hartley Real Estate GroupGood real estate agents in Boston

Hartley Real Estate Group is a Boston-based real estate company that specializes in homes in the greater Boston area. They offer their clients an industry-leading collaboration that includes both a trusted realtor and a friend to help them navigate the process. For all clients, they attempt to make the process of navigating the real estate market as easy as possible. The Hartley Realty Group, serving Boston and the Greater Boston area since 2018, is a world-class real estate company with a personal touch.

With exceptional market expertise and friendly customer service, they strive to provide the best sales and rental experience possible. They personalize their service to each client’s needs and strive to make the process as easy as possible for them.

Products:

Real estate agent

SITE:

Addressandss: 1 Beacon Street UNIT 1500, Boston, MA 02108
Call🙁617) 918-7419
Website: www.hartleyrealtygroup.com

COMMENTS:

“Ryan’s professionalism, responsiveness and skill exceeded all expectations when helping to secure a three bedroom rental. Not only did he listen to my wants and needs, but he exceeded all expectations in finding my new apartment. He went above and beyond to help with communication between the landlord’s agent, myself, and my other two roommates. It was a pleasure to work with him and I have already referred him to colleagues and friends. I will definitely call on him for future moves. I highly recommend it.” -Dana L.

Charlesgate Property GroupOne of Boston's top real estate agents

Charlesgate Property Group is a Boston-based luxury real estate agency specializing in sales, new construction and rentals. In addition to residential and multifamily commercial real estate, Charlesgate Realty Group also provides real estate brokerage and management services to thousands of clients in Eastern Massachusetts, as well as property management and leasing services. They were established in 2003 and are headquartered in Boston, and they have strong local ties to the community.

Among the fastest growing private companies in the United States, they are on the Inc 5000 list. When it comes to finding and acquiring new real estate, investors can rely on the knowledge of their team of multi-family professionals. They also offer a variety of on-site management services to meet your individual needs. A high-quality resident experience is a goal of Charlesgate, which works in conjunction with investors.

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