As I wrote for The World Property Journal a decade ago - when I originally viewed the film 'Her' in late 2014 - I immediately correlated it to the future of AI and real estate agents.
Homebuyers this spring are encountering markedly different levels of competition depending on the market. Inventory levels play a crucial role, as indicated by the latest Zillow market report for March 2024.
In March 2024, housing starts declined by 14.7% to a seasonally adjusted annual rate of 1.32 million units, influenced by higher-than-anticipated interest rates and persistent inflation, as reported by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Recent research from CBRE indicates that prime multifamily assets have seen a slight improvement in going-in cap rates, exit cap rates, and unlevered internal rate of return (IRR) targets in Q1, 2024.
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