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How low will house prices go? Lessons from UK, US, Europe and elsewhere
Source: The Guardian --- Across the world house prices are breaking records – but this time it is because of how fast they are falling. Houses in Stockholm are now selling for 20% less than their peak, Sydney prices are down by almost 14% over the year, while in San...
Commercial real estate investors, lenders averse to buying – survey
Source: MPA Mag --- CBRE’s 2023 US Investor Intentions Survey released on Thursday reveals “subdued sentiment” among commercial real estate investors – with nearly 60% expected to purchase less real estate this year and just 15% planning to buy more. “Almost half of...
Homes purchased by all-cash buyers: How is this trend unfolding in the U.S. real estate market?
Source: SiLive.com --- STATEN ISLAND, N.Y. -- At the height of the coronavirus (COVID-19) pandemic, hordes of frenzied home buyers snapped up real estate at an alarming rate, swooping in with astounding all-cash offers to secure property in a rather unconventional...
The mortgage rate you get depends partly on your credit score. Here’s what to expect
Source: CNBC --- Anyone who’s exploring homeownership may know that rising interest rates and elevated home prices are making that goal challenging. The average rate on a typical 30-year, fixed-rate mortgage has been zigzagging between 6% and 7% for the last several...
ChatGPT and Artificial Intelligence have proven to be ‘a super assistant’ for real estate market: Broker
Source: Yahoo! Finance --- FI Real Estate CEO and Broker Filippo Incorvaia joins Yahoo Finance Live to discuss how AI is helping real estate brokers and impacting the housing industry. Video Transcript BARBARA CORCORAN: It's not just agents in real estate. Everybody...
Seven secrets about Santa Ynez Valley real estate market
Source: Santa Barbara News-Press --- Here are seven reasons why people want to live in the Santa Ynez Valley: 1. Value. It is less expensive than Santa Barbara and only 30 miles away. Nearly everyone lives in the Santa Ynez Valley by choice when many could live...
