About new rules in Real estate. Opportunities, economics and changes related to Short-Term Rentals.
Do you know the new laws in the real estate market? How have short-term rentals changed in 2024?
If your business is linked to them, this is information that you should know. Also, it would be nice to be able to position yourself using that information.
Achieve greater reach by fulfilling these designations. A lead generation platform is a good complement. It can help you improve your results. It will keep you up to date with the news. Among other advantages.
Knowing this, you will increase your sales. You will be in a privileged position within the real estate market. How to achieve it? Continue reading and we’ll tell you the details!
Real estate: Understanding the 2024 short-term rentals (STR) landscape:
The short-term rental (STR) industry is constantly changing. It continues to evolve, presenting new opportunities and challenges. The release of AirDNA’s STR Outlook 2024 Report provides a window into 2024. What does this report consist of?
Vacation rentals are at a crucial point. There are important changes in demand, supply and market dynamics. AirDNA’s 2024 Outlook Report provides a comprehensive analysis of these trends. This is valuable information for investors. Also, hosts and industry stakeholders.
Well, two important dynamics stand out:
| Demand dynamics | Offer dynamics |
| The resilience of the STR market is evident in the growth of its demand. Demand for ROS in 2023 exceeded expectations. The STR market grew by 6.7% in 2023. This trend is expected to continue through 2024. AirDna economist forecasts an increase in demand, reflecting the strength of the industry. He suggests this growth is not just a recovery from pandemic lows. It is a sign of the maturation and growing attractiveness of the STR market. | The market is undergoing a fascinating evolution. The report indicates a shift towards balance. Supply growth is now more closely aligned with demand. Balance, crucial to the health of the STR market. Ensures sustainability and profitability for hosts and investors. Impact of economic factors. It suggests a nuanced and interconnected relationship between these elements. |
Why generate leads in this panorama of the real estate sector?
It is important to know our market well. Who is our target niche? What do they seek? What are their interests?
Therefore, having centralized information is a plus. With Connekter, you have access to all that data from one place. It allows data to be segmented according to different criteria. Among them, the interest of customers. Also depending on location, area, etc.
So, how do you get to that real estate niche?
First, Connekter works with pre-qualified clients. They know our services. This way we save time and resources. In addition, it guarantees better sales closures.
Connekter collects information through forms, questionnaires, etc. And, of course, with alliances with other sites. This makes up a digital ecosystem. Thus, seek to improve the reach of your business. And, therefore, increase your sales.
Economic influences
The STR market does not exist in a vacuum. General economic conditions profoundly influence this. The 2024 Outlook Report delves into interest rates, inflation and the housing market.
Risks and Opportunities
The base case for 2024 is a healthy economy supporting the growth of the STR market. However, the report also acknowledges potential risks. Geopolitical tensions, natural disasters and economic crises could affect the STR market.
The strength of the labor market and robust consumer spending are positive indicators. These indicators suggest a resilient and growing STR sector.
Real estate: NAR to implement changes to settlement agreement in August
After years of litigation, the NAR agreed to pay $418 million. To resolve a series of high-profile antitrust lawsuits. They were filed in 2019 on behalf of home sellers. The deal received preliminary court approval in April. A judge is expected to grant final approval in November.
Meanwhile, NAR announced that the new required practices will go into effect on August 17. The required new rules prohibit broker compensation offers on multiple listing services (MLS).
Private databases that allow local real estate brokers to publish. And share information about residential property listings. Additionally, sellers will no longer be responsible for paying broker commissions to buyers.
That ends an accepted practice that has been in place for years. And real estate agents who participate in the MLS must establish representation agreements. This, in writing with the buyers.
Visit realestatecommissionlitigation.com for more information about filing a claim.
In this context, your business has to continue. Gaining potential clients is a priority. With this knowledge, you will be able to have a premise.
Connekter, on the other hand, can help you achieve it. The leads will come directly to you. This way you can manage them from a control panel.
These are just some comments. If you want to explore new ways to grow, leave us a message. We will not take long to contact you.
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