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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 current NAR lawsuit verdict. In different phrases, it’s simply one other day within the 2023 housing market. Didn’t have time to atone for the information? Don’t fear; we’ll get you up to the mark on every thing occurring on this planet of actual property and the way YOU can make the most of this rocky market.
First, we’ll speak about how the NAR lawsuit verdict despatched ripples all through the economic 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’s going to the way forward for shopping for and promoting be like? Subsequent, we focus on industrial actual property‘s steady slog and why prime industrial executives count on an excellent SLOWER 2024. However there’s some excellent news for patrons…
And if you happen to 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 current headline about how HALF of America thinks now could be a BAD time to purchase actual property. Are they improper? Are they dangerous at math? Do you have to 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 may have an effect on your complete actual property trade
Industrial actual property’s gross sales droop and why 2024 may carry even higher offers
Why WeWork Received’tWork and what their large 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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Be aware By BiggerPockets: These are opinions written by the creator and don’t essentially symbolize the opinions of BiggerPockets.
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