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As demand for real estate VR booms, Founders Fund leads $16M round into Giraffe360 platform

As demand for real estate VR booms, Founders Fund leads $16M round into Giraffe360 platform

by Third Party | Dec 7, 2022 | Industry Updates, Real Estate Agent Tools, Real Estate News

Source: TechCrunch —  The property industry now requires high-quality photographs, floor plans and virtual tours, so the industry for software providers in the space is booming. The whole area was accelerated during the pandemic, when many property viewings...
2023 Could Be an Explosive Year for Real Estate Investing. Here’s Why

2023 Could Be an Explosive Year for Real Estate Investing. Here’s Why

by Third Party | Dec 5, 2022 | Industry Updates, Real Estate Agent Tools

Source:The Motley Fool —  The coming year could be ripe with real estate investment opportunities. 2022 wasn’t a fantastic year for investors across the board. The stock market fell 16% year over year, with several dips into bear market territory. Real...
Fannie Mae, Freddie Mac to back mortgages over $1M

Fannie Mae, Freddie Mac to back mortgages over $1M

by Third Party | Dec 4, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Fox Business —  The Federal Housing Finance Agency (FHFA) announced new conforming loan limits for 2023, meaning homebuyers will now be able to get larger mortgages backed by Fannie Mae and Freddie Mac. After the FHFA’s third quarter House Price Index...
Home prices continue decelerating across country, per new report

Home prices continue decelerating across country, per new report

by Third Party | Dec 2, 2022 | Industry Updates, U.S. Housing Market

Source: Bankrate —  Could housing prices finally be coming back down to earth? Home-price growth continued to decelerate for the sixth straight month in September 2022. S&P CoreLogic’s latest Case-Shiller U.S. National Home Price NSA Index, released November...
Wait, What? Wharton Professor Jeremy Siegel Says The Housing Market Is Going To Do This

Wait, What? Wharton Professor Jeremy Siegel Says The Housing Market Is Going To Do This

by Third Party | Dec 1, 2022 | Industry Updates, Real Estate News

Source: Yahoo! —  Jeremy Siegel, a professor at Wharton, predicts that the housing market will see negative growth as a result of future Federal Reserve interest rate increases that will raise mortgage rates even further. Due to the average rate for a 30-year...
U.S. to Back $1 Million Mortgages. Affordability Is Still an Issue.

U.S. to Back $1 Million Mortgages. Affordability Is Still an Issue.

by Third Party | Dec 1, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Barron’s —  In another sign of the pandemic’s rapid home price appreciation, the government today said it will back mortgages up to about $1.1 million in high-cost areas.  The 2023 value limit for most conforming mortgages for one-unit properties...
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