Homebuyers’ Group Condemns Landlords Renting Out Capsule-Like Rooms, HLIB Research Downgrades Property Sector To ‘Neutral’ And, More | Market News

5th December – 11th December

The National House Buyers Association (HBA) slammed landlords who construct and rent out “grave-like” rooms, saying it is “inhumane”.

Meanwhile, HLIB Research has downgraded the property sector to neutral, noting that the sector may not sustain the good momentum over the coming months.

1. Homebuyers’ group condemns landlords renting out capsule-like rooms

The National House Buyers Association (HBA) slammed landlords who construct and rent out “grave-like” rooms, saying it is “inhumane”.

HBA Secretary-general Chang Kim Loong pointed out that such rooms are illegal as they do not comply with health and fire safety

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Legislation introduced to rein in short-term rentals, deliver more homes for people

Turning short-term rentals into homes for people is at the core of newly introduced legislation to regulate the rapidly expanding short-term rental market.

“Anyone who’s looking for an affordable place to live knows how hard it is, and short-term rentals are making it even more challenging,” said Premier David Eby. “The number of short-term rentals in BC has ballooned in recent years, removing thousands of long-term homes from the market. That’s why we’re taking strong action to rein in profit-driven mini-hotel operators, create new enforcement tools and return homes to the people who need them.”

Short-term rental listings on online

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BC moves to increase housing supply, deliver more homes faster

New measures are coming to BC that will help create more housing as the Province speeds up permitting and help build more secondary suites for rent.

“People in our province deserve a decent place to live they can actually afford to rent or buy, but a chronic housing shortage and long permit approval times are frustrating that achievable goals,” said Premier David Eby. “Our government is taking action. We’re making it easier and faster to get provincial permits to build new homes, and offering financial support for people who can build a suite they can rent out at more affordable

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Newcastle the worst city for rental affordability

In Newcastle tenants have the hardest time finding a property based on the average cost of renting, research by Zero deposit has revealed.

Just 9% of all current rental properties listed on the market in Newcastle have an asking price of £700 per month or less, close to the city’s current average rental cost of £681 per month.

It’s Sheffield where tenants have the best chance of securing a property around or below the average cost of renting in the city.

The current average cost of renting in Sheffield sits at £717 per month and the research shows that there

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Hallelujah! Finally, Some Good News About The Real Estate Market

The verdict is in — the old way of doing business is over. Join us at Inman Connect New York Jan. 23-25, when together we’ll conquer today’s market challenges and prepare for tomorrow’s opportunities. Defy the market and bet big on your future.

Each week on The Download, Inman’s Christy Murdock takes a deeper look at the top-read stories of the week to give you what you’ll need to meet Monday head-on. This week: You loved last week’s good news on mortgage rates, and this week brought even more smiles to the real estate market.

Y’all, it’s been a year.

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Industry, consumers embrace use of AI in real estate

Local News

But with any technology, especially newer ones, there is the risk of inaccuracies and misinformation.

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It seems there’s daily chatter in the news lately around the meteoric rise in the use of artificial intelligence, ranging from the wow factor to doom and gloom. What does the machine-powered tech explosion mean to the home buyer and seller? Let’s take a look.

AI is not new to the real estate industry. It’s been a tool for well over a decade. In an industry driven by data, the technology streamlines the home search and

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MV Realty banned from operating in North Carolina | State news

The state real estate commission made the decision this week and said the move showed its “commitment to public protection”.

RALEIGH, NC — Nearly 10 months after a real estate brokerage accused of tricking people into predatory and unfair long-term contracts was sued by the North Carolina Attorney General’s Office, the state’s real estate commission has permanently barred the group from ever operating in the Tar Heel State.

On Friday, WCNC Charlotte confirmed with the North Carolina Real Estate Commission moved to permanently prevent MV Realty from offering its services in the state. The commission offered the following statement when

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Realtors must pay home sellers $1.8 billion in inflating commissions

The National Association of Realtors and several real estate companies were ordered to pay $1.8 billion in damages after a federal jury in Missouri on Tuesday ruled that they conspired to artificially inflate brokerage commissions.

Beyond the realtors’ association, defendants in the case include Keller Williams, Berkshire Hathaway’s HomeService of America and two of its subsidiaries. The verdict came after a two-week trial in federal court in Kansas City.

Plaintiffs claimed the association and other defendants colluded to drive up the commission that sellers pay to brokers representing home buyers. Class members include the sellers of hundreds of thousands of

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