Foreclosures in the US were up in the first quarter of 2022 – setting what the data provider calls a “post pandemic high”.

According to a recent article by the Massachusetts Institute of Technology (MIT), things are moving fast in the Asian real estate market.

South Korea’s economic success is one for the textbooks – countless case studies have been done on the rapid transformation that took this economy from a “developing nation” to a global leader in record time.

“Strong borrowing and lending backed by commercial and multifamily properties drove the level of mortgage debt outstanding to a new high at the end of 2021.”

According to a forecast from the Mortgage Bankers Association (MBA), 2022 is set to be a record-breaking year with mortgage borrowing and lending activity for commercial real estate (CRE) assets surpassing one trillion USD.

Though it’s still early days, and impossible to say how the virtual property trend might play out, the recent developments in the space suggest it’s certainly worth keeping an eye on. At the very least, the metaverse poses an interesting proposition, and one a lot of people seem to be willing to speculate on.

In the commercial real estate (CRE) context, the value of drone technology is also rapidly becoming apparent.

One of my favorite types of cuisine is Thai food. I love the variety, flavors and especially the spiciness. Like many, I have my favorite go-to location but was recently in Scottsdale, came across a Thai restaurant and had to give it a try.

Like most of the world, Vancouver was rocked by Covid-19, with business shutdowns and job losses. However, it was relatively more resilient than other Canadian metros.

The word from researchers is brace yourselves for a “new era of climate disasters”.