This year is panning out to be a challenging one for both luxury and first-time homebuyers. Get the latest on the issues facing the real estate industry and consumers in our weekly news roundup:
- A new analysis from Redfin reports luxury housing markets across the U.S. have seen declines in 2016. Redfin reports two major causes behind the declines in luxury housing – the fluctuations in the stock market and the strong U.S. dollar. Redfin Chief Economist Nela Richardson further explains the issue here.
- First-time buyers may have a tough time buying homes this spring, as the supply of homes that they can afford continues to shrink. Svenja Gudell, Zillow’s chief economist, weighs in on how the inventory shortage is causing prices to rise in the lower price points here.
- Facebook has launched a new messenger feature that will interact with your clients and potential clients on your behalf when you don’t have the time to interact with them yourself. The feature allows you to pre-program conversation points so that your Messenger can respond to client inquiries when you don’t have the time to. You can learn more about the feature here.
- NeighborhoodScout recently released both its top 100 “safest” cities in America and top 100 “most dangerous” cities in America lists. The reports considers population and the rate of individual crime types per one thousand residents – including burglary, larceny-theft, motor vehicle theft, murder, rape, armed robbery and aggravated assault – for its rankings. Take a look to find out if your city is amongst the safest or most dangerous in the nation.