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WeWork goes bankrupt, shopping for a home is deemed a “dangerous” concept, and Zillow inventory has a hearth sale because of the latest NAR lawsuit verdict. In different phrases, it’s simply one other day within the 2023 housing market. Didn’t have time to compensate for the information? Don’t fear; we’ll get you on top of things on every part taking place on this planet of actual property and the way YOU can reap the benefits of this rocky market.
First, we’ll speak about how the NAR lawsuit verdict despatched ripples all through the financial system, sending actual estate-related inventory costs means down for corporations like Zillow, Compass, and Redfin. This verdict may imply a devastating blow to brokerages throughout the nation, so what is going to the way forward for shopping for and promoting be like? Subsequent, we talk about business actual property‘s steady slog and why high business executives anticipate an excellent SLOWER 2024. However there may be some excellent news for patrons…
And should you love little workplaces and coworking areas, we’re sorry as a result of WeWork filed chapter earlier this month because the workplace area will get battered. Lastly, we’ll end with a latest headline about how HALF of America thinks now could be a BAD time to purchase actual property. Are they mistaken? Are they dangerous at math? Must you nonetheless be shopping for? We’ll reply all that and extra on this episode!
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In This Episode We Cowl:
The NAR lawsuit’s ripple results that can have an effect on your complete actual property trade
Industrial actual property’s gross sales stoop and why 2024 may deliver even higher offers
Why WeWork Gained’tWork and what their huge chapter means for the workplace area
America’s ongoing housing market pessimism and why shopping for with excessive mortgage charges ISN’T such a nasty concept
And So A lot Extra!
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Notice By BiggerPockets: These are opinions written by the creator and don’t essentially symbolize the opinions of BiggerPockets.
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