Real Estate Industry News & Insights
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‘Digitally enhanced’ real estate listing for $4m Launceston property completely reworks exterior of property, garden
Source: ABC News --- Real estate agents have been using artists' impressions to sell houses and land for decades. Whether it be superimposing furniture into an empty room to liven it up, a full concept design of a home for a house and land package, or a...
How AI Will Transform the Real Estate Market
Source: Entrepreneur --- As a multimillionaire property investor and trainer, I look ahead at future trends in the real estate industry. Artificial intelligence (AI) and machine learning (ML) are starting to gain prominence in many parts of the economy and have the...
Additional Reading: Top Real Estate Industry News & Headlines
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Current Mortgage Interest Rates: August 4, 2022—Mortgage Rates Trend Higher
Source: Forbes --- Today, the average rate on a 30-year fixed mortgage is 5.54%, according to Bankrate.com, while the average rate on a 15-year mortgage is 4.80%. On a 30-year jumbo mortgage, the average rate is 5.54%, and the average rate on a 5/1 ARM is 4.16%.
Real estate company La Rosa Holdings slashes unit offering by 53% ahead of $7 million IPO
Source: Renaissance Capital --- La Rosa Holdings, a Florida-based residential real estate brokerage franchise, lowered the proposed deal size for its upcoming IPO on Wednesday. The Celebration, FL-based company now plans to raise $7 million by offering 0.7 million...
Mortgage applications inch up for the first time in five weeks
Source: CNBC --- Mortgage applications inched up last week for the first time since June 24. Total mortgage demand increased 1.2% as the average 30-year fixed mortgage rate made the largest weekly drop since 2020. Applications to refinance a home rose 2%, according to...
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