Mortgage rates rose above 7%, impacting homebuyers. Despite the increase, purchase demand remains steady. Home prices fell by over 1% for the week, potentially due to more affordable listings. New listings increased, providing hope for buyers. Homes spent the same amount of time on the market as in the previous year. Continue to full article...
May 2024
AI Adoption: Real Estate firms are embracing AI for faster decisions and data-driven insights.Operational Real Estate: Investments in properties like hospitals benefit from steady demand....
Soaring mortgage rates are impacting homebuyers and slowing the spring homebuying season. Mortgage applications for new home purchases increased at a slow rate in March. Despite rising rates, application activity increased, with purchase applications driving most of the rise. New single-family home sales and construction have decreased significantly. Continue to full article...