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3 Reasons Your Business Can’t Completely Rely on AI

USA Real Estate News-RISMedia - Thu, 2024-03-14 15:37

We’ve seen how the use of AI technology has grown in the real estate industry, and over time, how agents are using it, for better or worse.  Mid last year, RISMedia shared strategies for real estate professionals to experiment with the tech, and as we’ve kept reporting, shown how agents have found ways to save…

The post 3 Reasons Your Business Can’t Completely Rely on AI appeared first on RISMedia.

Surging mortgage rates gain momentum on new inflation data

USA Real Estate News-Inman - Thu, 2024-03-14 15:13
Mortgage rates push back through 7 percent as more worrisome inflation data puts to rest any lingering hopes for a Federal Reserve rate cut this spring.

What to Do When a House Isn’t Selling

USA Real Estate News-RISMedia - Thu, 2024-03-14 14:35

It can be frustrating and concerning when your house has been on the market longer than expected. You’ve made memories in this home and are likely looking forward to starting a new chapter elsewhere. However, when the sale stalls, it’s crucial to reassess your strategy. We will explore five actionable steps to boost your home’s…

The post What to Do When a House Isn’t Selling appeared first on RISMedia.

Women Real Estate Leaders and AI

USA Real Estate News-RISMedia - Thu, 2024-03-14 14:13

The influence of women in real estate leadership is growing, as is their impact on the future of the industry. That was one of the most fascinating takeaways from the Delta Media 2024 Real Estate Leadership Survey. Looking at the use of artificial intelligence in real estate, the new study found a significantly higher propensity…

The post Women Real Estate Leaders and AI appeared first on RISMedia.

The Rental Markets Kicking Off 2024 Hot

USA Real Estate News-RISMedia - Thu, 2024-03-14 13:53

Though the housing market is correcting as of late, the rental market is still a strong contender for those seeking housing as home prices and mortgage rates remain on the higher side.  While the rental market stays a strong housing contender, what markets are the ones feeling the most benefits from this trend in 2024?…

The post The Rental Markets Kicking Off 2024 Hot appeared first on RISMedia.

Hilton heads back to campus with $210M Graduate Hotels acquisition

USA Real Estate News-Inman - Thu, 2024-03-14 12:38
Hilton Worldwide Holdings has agreed to pay $210 million for the Graduate Hotels brand, a 10-year-old company that operates hotels in some of the nations biggest college towns.

ICE: First-Time Homebuyers Account for Record 47% of GSE Purchase Loans in 2023

USA Real Estate News-RISMedia - Thu, 2024-03-14 12:05

First-time homebuyers have long faced a trifecta of high mortgage rates, low housing inventory and climbing home prices throughout much of the country, making homeownership a difficult journey. Despite these challenges, first-time homebuyers still made up the largest share (55%) of all agency mortgage purchase securities issuance in a decade and a record 47% of…

The post ICE: First-Time Homebuyers Account for Record 47% of GSE Purchase Loans in 2023 appeared first on RISMedia.

As spring nears, real estate agents are reconsidering paid leads: Intel

USA Real Estate News-Inman - Thu, 2024-03-14 11:34
Two months of Inman Intel Index survey data shows waning confidence in real-world business-building activities but growing interest in buying leads on the internet.

Mortgage Rates Dip for Second Straight Week

USA Real Estate News-RISMedia - Thu, 2024-03-14 11:08

The 30-year fixed-rate mortgage (FRM) continued to decrease this week, from last week’s average of 6.66% to an average of 6.74% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.74%, down from last week when it averaged 6.88%. A year…

The post Mortgage Rates Dip for Second Straight Week appeared first on RISMedia.

Potential Alternative to NAR Holds First ‘Listening Tour’ Event; More Planned

USA Real Estate News-RISMedia - Thu, 2024-03-14 09:39

The American Real Estate Association (formerly but no longer using the acronym AREA) conceived in January as a potential alternative to the National Association of REALTORS® (NAR), held its first event virtually, a “listening tour,” where they heard from agents across the country about their hopes and concerns for the industry.  One of the main…

The post Potential Alternative to NAR Holds First ‘Listening Tour’ Event; More Planned appeared first on RISMedia.

Multifamily Rents Rise Ahead of Spring, Led By Northeast and Midwest

USA Real Estate News-RISMedia - Thu, 2024-03-14 09:25

The multifamily rental market recently stabilized as housing market challenges persist, seeing its first price rise in seven months. Yardi’s latest National Multifamily Report for February found that multifamily rents rose slightly by $1 to $1,713, while year-over-year growth was unchanged at 0.6%. The Northeast and Midwest continue to outperform over the short term, led…

The post Multifamily Rents Rise Ahead of Spring, Led By Northeast and Midwest appeared first on RISMedia.

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