SANTA FE, New Mexico – Artificial Intelligence (AI) is a game changer for the real estate industry. The more prominent AI becomes, the greater its potential to transform all aspects of the work lives of real estate professionals, the real estate industry and overall property investment. Here are just some of the ways AI has … Read more
Buyers complain about too-few sellers selling – but some homeowners want to move and feel frustrated that an ultra-low mortgage rate has locked them in. BOSTON – One out of every 5 homeowners who moved within the last three years now regret their decision. Many Americans relocated either permanently or temporarily because of the COVID-19 … Read more
NEW YORK – Mortgage rates have risen to their highest levels in more than 20 years, making it harder to afford a home. And yet, out of necessity or desire, hundreds of thousands of people buy homes every month. With the 30-year fixed rate topping 7%, NerdWallet asked real estate agents and mortgage loan officers … Read more
The FAA has specific rules on drones used commercially, and there are additional real estate risks, including accidental damages to drones or property that most business insurance policies won’t cover. ORLANDO, Fla. – Many real estate agents include listing photos and videos taken by a drone – aerial scenes of a home that show nearby … Read more
WASHINGTON – The federal government has experienced 14 shutdowns since 1980. If Congress fails to pass a full-year spending bill or a stopgap “continuing resolution” (CR) to keep the government open, there could be another shutdown on Oct. 1. But what does this mean, and how does it impact everyday Americans and the economy? What … Read more
Vacation-home buyers face the same headwinds as other buyers, plus pandemic demand ended, and many have return-to-the-office orders, with loan rate locks down 50%. SEATTLE – Vacation homes were hot during the pandemic as workers freed from the office look for places where they could spread out. But that pace may have cannibalized current demand … Read more
MBA: Home loan applications fell 2.1% last week to the lowest level in 28 years, as low housing inventory and higher mortgage rates sidelined would-be buyers. LOS ANGELES (AP) – U.S. home loan applications are the lowest in decades as evidence mount that rising mortgage rates and home prices are shutting out many aspiring homeowners. … Read more
It’s too early to know. Nine out of 10 people will file a claim within the first 30 days, experts say, which is reported to the Fla. Office of Insurance Regulation. TAMPA, Fla. – Florida’s already troubled property insurance market faces another challenge: Hurricane Idalia. Now that the floodwaters have receded, the question is could Idalia impact … Read more
Americans’ confidence took two steps forward (June and July) and one step back. Higher prices had an impact along with less certainty about the job market. BOSTON – The August Conference Board Consumer Confidence Index declined in August to 106.1, from a downwardly revised 114.0 in July, reflecting a bit less optimism among Americans. The … Read more
Some discouraged buyers should stop looking for their “forever home” and start looking for their “get my foot in the door to start building equity” home. NEW YORK – The average rate on the standard 30-year fixed mortgage rose to 7.09%, according to Freddie Mac’s latest weekly survey. Some experts say that’s close to an … Read more
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