Real Estate News

fire

The Profit Potential Behind Investing In Fire-Damaged Homes 

Real estate investors also often have access to resources and organizations that specialize in the art of rehabbing homes for a large return on their initial investment. While any kind of property repair takes a decent amount of time and money, the potential to increase one’s earnings on the investment is possible with the right strategy.
interest

Mortgage Rates Hit a 20-Year High of 6.92%

According to Freddie Mac, mortgage rates reached a 20-year high last week due to rising interest rates, now at a whopping 6.92%. The Federal Reserve is continuing its aggressive monetary policy to squash surging inflation, sending shockwaves throughout the housing market.
house

Homebuilder Sentiment Falls for Ninth Consecutive Month

U.S. homebuilder confidence in the housing market dropped to its lowest level since the beginning of the COVID-19 pandemic. Experts believe the high inflation rate and rising borrowing costs are contributing to first-time homebuyers’ hesitancy to purchase new single-family homes.
flooding

$34B of US Real Estate May Be Fully or Partially Underwater by 2050

Rising waters due to climate change could engulf $34 billion in US real estate within the next 30 years.
ai

Real Estate Agents Utilizing ChatGPT AI Tool To Generate Listings

Real estate agents across the nation are utilizing ChatGPT, an AI chatbot tool that can generate detailed descriptions based on prompts given by the user.