The latest real estate industry news and announcements
The rush to build AI data centers in remote locations may be misguided, according to Knight Frank’s Global Head of Data Centres Stephen Beard, who argues that next-generation AI will actually require more urban proximity than its predecessors. The Two-Phase Challenge “The first phase of AI, the machine learning, we as the consumers, don’t need ...
A stark divide is emerging in Florida’s housing market between sellers who can afford to wait out challenging conditions and those forced to make aggressive price cuts, according to veteran real estate agent Jacqueline Coleman of Coldwell Banker. The Market Bifurcation “I have a seller who has increased that price where most people are reducing, ...
Industry expert argues rising costs are forcing innovation in transaction fee structures. The convergence of record-high home prices and mortgage rates has created an unprecedented affordability crisis that’s driving demand for alternative transaction models, according to Nico Jodin, CEO of digital real estate platform Beycome. The Affordability Squeeze “The price of housing never be that ...
The next generation of electrical contractors is transforming their traditional business model by embracing smart home technology, according to Dan Ross, VP at smart home technology company Brilliant. This shift represents both a cultural change and a significant business opportunity in an industry historically focused on basic wiring installations. The New Face of Electrical Contracting ...
The traditional home inspection report filled with static photos and technical jargon is becoming obsolete, according to one industry expert who argues that video documentation is revolutionizing how property conditions are documented and disputes are resolved. “A picture is worth 1,000 words, but a video is worth 10,000 and provides irrefutable evidence as to what ...
The construction industry is undergoing a fundamental transformation, with leading firms increasingly viewing themselves as technology companies that happen to build things, according to Mike Pierle, Chief Operating Officer of Construction at Clayco. “We kind of view ourselves as a data company,” Pierle says. “We utilize information to empower the men and women on site ...
New data reveals how technology is reshaping mortgage customer experience while maintaining the importance of personal relationships Mobile technology is revolutionizing mortgage lending satisfaction, but not in the way many might expect, according to new research from J.D. Power. “Mobile interaction drives a better experience across the board,” says Bruce Gehrke, Director of Lending Intelligence ...
A perfect storm of economic and regulatory challenges has created the worst environment for new construction in nearly 80 years, according to one prominent Chicago developer who sees alarming parallels to post-war building constraints. “I’ve arrived at the thinking that we’re at the most difficult time to build since World War II, because everything seems ...
Mortgage industry expert warns of fundamental shift in homebuying journey that could reshape realtor-lender dynamics A dramatic shift in homebuyer behavior could upend traditional real estate relationships, according to Bruce Gehrke, Director of Lending Intelligence at J.D. Power. “Up to 50% of younger borrowers are now talking to lenders before they talk to real estate ...
The Austin real estate market is experiencing an unprecedented psychological shift, with buyer hesitancy reaching levels that suggest deeper concerns beyond just interest rates, according to a veteran market observer. “One of the biggest things I’m noting is that there is a lot of buyer hesitancy,” says Ryan Gomillion, Director of Operations at Gill, Denson ...
The construction industry should brace for rising material costs despite seemingly calm Producer Price Index (PPI) reports, according to a leading economist who warns that current metrics may be masking significant upcoming price pressures. Ken Simonson, Chief Economist at Associated General Contractors of America, argues that the complex nature of global supply chains and recent ...
Miami’s luxury real estate landscape is undergoing a dramatic transformation driven by an influx of young tech professionals, forcing mature buildings to rethink their amenity offerings and service models. “Florida demography is changing drastically, and it’s not a retired state anymore,” says Gisele Saygi, Co-Founder of A-List Managers. “There’s so many youngsters, from technology companies ...
The self-storage industry is experiencing a dramatic shift toward larger facilities as rising costs and operational efficiencies push developers to build bigger, according to Charles Kao, Managing Partner at Twin Oaks Capital. This trend marks a significant departure from historical development patterns and signals changing economics in the sector. The New Minimum Viable Size “We’re ...
An unexpected economic indicator is emerging as a powerful predictor of consumer behavior: rental prices. According to Jonas Bordo, CEO of rental marketplace Dwellsy, rental data has become a crucial metric for understanding broader economic trends, particularly in retail spending. “If you understand what’s happening with the rent, it tells you a lot about what’s ...
Miami’s international buyer landscape is undergoing a significant shift, with traditional Canadian snowbirds retreating while South American investors show renewed interest, particularly in new construction projects, according to Maite Munoz of Prime One Realty. The Canadian Cooling “Travel to the US is down from the Canadian side,” Munoz says, pointing to multiple factors including tariffs, ...
