Real Estate News
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Real estate agents are turning to ChatGPT AI to describe listings
Century 21 Beggins Enterprises on its website lists a “beautiful” a few-bedroom rental in Madeira Seaside, Florida with “large spacious balconies to take pleasure in the heat, lovely sights.” “This is 1 of the only qualities offered on the Gulf Seaside islands that’s absolutely pet welcoming,” the listing reads. “Secure your piece of paradise at The Residences at Madeira Seashore City Centre. Welcome dwelling.” If you’re tempted to get the listing, thank ChatGPT. The text higher than was composed by the free of charge artificial intelligence laptop application. Actual estate brokers throughout the place are turning to the program to help generate up listing descriptions and information scripts, as to start with documented…
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Housing market slump gives homebuilders no choice but to offer aggressive mortgage rate buydowns
The 2nd 50 percent of 2022 noticed the crimson-incredibly hot U.S. housing current market thrust into an abrupt—and sharp— slowdown. That’ll occur when property finance loan prices spike from 3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} to 6{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} just soon after U.S. household price ranges skyrocketed in excess of 40{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} all through the Pandemic Housing Increase. Contrary to present house sellers who can just hold out out the storm, U.S. homebuilders—who have a historic amount of models in their backlog—have no choice but to sweeten the deal for new purchasers in 2023. Their incentive of selection? Intense mortgage loan fee buydowns. How do home loan amount buydowns operate? Fundamentally, builders pay back lenders a lump sum…
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Jason Oppenheim warns of an ‘armageddon’ in the real estate industry
The actual estate market could before long be upended, suggests star broker Jason Oppenheim. Oppenheim – who qualified prospects a team of glamorous brokers on Netflix (NFLX) fact collection “Offering Sunset” – not long ago sat down with Yahoo Finance to speak about the latest point out of the U.S. authentic estate sector. For the duration of the significantly-ranging dialogue, he warned that the industry’s fee construction could shortly adjust for good. “To be unique about genuine estate agents, we’ve acquired federal regulators and a couple of lawsuits coming down the pipeline that at worst situation could be an armageddon for genuine estate agents,” he claimed. “You may see regulators…
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Real estate agents say they can’t imagine working without ChatGPT now
CNN — If you came throughout a 4 bed room, 3.5 rest room house outlined for sale lately on a quiet cul-de-sac in Cedar Rapids, Iowa, you may not think 2 times about the on the internet listing. It incorporated standard true estate descriptions like “ideal for entertaining” and “ample area for relaxation.” But JJ Johannes, the real estate agent for the property, created the description in significantly less than five seconds by typing a couple keywords and phrases into ChatGPT, a viral new AI chatbot resource that can make elaborate responses to person prompts. It is a activity, he said, that would or else have taken him an hour…
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Prices still rising in these ZIP codes
The California housing market continues to cool from the pandemic buying frenzy, with some areas seeing home prices decline for seven months in a row. Among the factors fueling the decline have been inflation, economic uncertainty and soaring interest rates, experts say. The average monthly mortgage rate was 6.15{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} for the week ending Jan. 19, up 73{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from a year ago. Even so, home value growth in some California outlier neighborhoods has bucked the trend, continuing to rise even as parts of San Francisco and Los Angeles push further into the red, according to the latest data from real estate listings site Zillow. While the increases in the hottest ZIP…
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23 Binge-Worthy Real Estate YouTube Channels For Agents
Need inspiration? Need education? Need industry information? All of these are just a click away. Really. YouTube offers some of the real estate industry’s best, and they are producing content to inspire, educate and inform others. Real estate content isn’t just for buyers and sellers but also colleagues and partners. Why YouTube? Did you know YouTube is the second most popular social media platform? Only Facebook ranks higher. Video is one of the most popular forms of online content, and YouTube offers the greatest versatility for video and a powerful search engine to help the right audiences find it. YouTube is an excellent platform for just about any video a…
