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How one Philly area real estate agent uses ChatGPT to help sell homes
Source: The Philadelphia Inquirer --- Right after the Super Bowl is an unofficial start of the spring housing market, one of the busiest times for real estate agents and current and potential clients. Agents are always looking for ways to be more efficient and connect...
US home prices are heading for a further drop this year even though mortgages are getting cheaper, a housing market expert says
Source: Insider --- US house prices are set to fall further this year as the Federal Reserve pushes ahead with interest-rate increases, according to real-estate veteran and board member of the Mortgage Bankers Association Jeff Taylor. "I anticipate on a national...
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June New Home Sales: Builder Slow Down Meets Declining Sales
Source: Zillow --- There were 590,000 new home sales nationwide in June (SAAR), down 8.1% from May and down 17.4% from June 2021, according to the U.S. Census Bureau. The median sales price of new houses sold in June was $402,400. The seasonally-adjusted estimate of...
Another big Fed rate hike is here to battle inflation. Economy hangs in balance
Source: npr --- With prices rising at their fastest pace in a generation, the Federal Reserve is ratcheting up its fight against inflation. On Wednesday, the Fed raised its benchmark interest rate by an additional three-quarters of a percentage point. This is the...
Single Family Rents in the U.S. Increased 14 Percent Annually in May
Source: World Property Journal --- Based on CoreLogic's latest Single-Family Rent Index, U.S. single-family annual rent growth remained at a record high in May 2022, posting a 13.9% increase from May 2021. This growth matched April's increase, representing the first...
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