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Third of homes now purchased in cash, highest level in 9 years

Wed, 2023-06-07 15:32

A new report released by Redfin found that 33.4 percent of home purchases were made in cash during April 2023 — up from 30.7 percent a year earlier.

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Oxygen loss may have led to crash that killed Keller Williams agent

Wed, 2023-06-07 14:57

Adina Azarian died Sunday when the small plane she was on crashed in Virginia. Investigators are now exploring the possibility that hypoxia impacted people on the Cessna 560 Citation V.

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Credit-building app for renters, Boom, reports $4.5M seed round

Wed, 2023-06-07 14:52

"We invested heavily into building our end-to-end software solution for rent reporting and consumer app layer and now we’re focused on revolutionizing the entire renter experience," said Boom CEO and co-founder Rob Whiting.

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ChatGPT plugin to boost TopHap’s market data visualizations

Wed, 2023-06-07 14:30

TopHap, a geospatial data visualization company that supports the real estate industry in relocation, development and marketing decisions, is now in beta testing with OpenAI’s ChatGPT plugin, the artificial intelligence tool that is rapidly expanding its presence in the industry, the company told Inman.

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Hotelier gives up on 2 hotels in San Francisco, citing ‘major challenges’

Wed, 2023-06-07 14:09

Park Hotels & Resorts CEO Thomas Baltimore says city's "major challenges" include weak conference outlook, high office vacancy rate and "street conditions" when announcing the move.

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Debt Ceiling, Rate Jitters Ding Broker Confidence

Wed, 2023-06-07 14:03

A late run-up in mortgage rates and an ugly standoff in Washington D.C. appear to have spooked the real estate industry as RISMedia’s Broker Confidence Index (BCI) skidded in May, falling to its lowest reading of the year. As mortgage rates simultaneously reached a six-month peak, both real estate professionals and consumers were bombarded with…

The post Debt Ceiling, Rate Jitters Ding Broker Confidence appeared first on RISMedia.

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Home-Price Growth Continues Single-Digit Slowdown in April

Wed, 2023-06-07 14:02

Home price growth rose 2% year-over-year, the 135th consecutive month of annual growth, according to a new report from CoreLogic. CoreLogic’s latest Home Price Index found that April marked the sixth straight month of single-digit gains, which have slowed from an all-time high of nearly 20% annual appreciation in the spring of 2022. Key highlights:…

The post Home-Price Growth Continues Single-Digit Slowdown in April appeared first on RISMedia.

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The 10 Most Popular Metros for Gen Z Homebuyers

Wed, 2023-06-07 14:01

As of 2022, adult Gen Zers (ages 18-25) account for 14.91% of potential homebuyers across the nation’s 50 largest metros, and this metric is only expected to grow in the coming years. As Gen Z’s homeownership grows, where is the demographic looking at buying? LendingTree’s new report analyzed mortgage purchase requests from adult Gen Z…

The post The 10 Most Popular Metros for Gen Z Homebuyers appeared first on RISMedia.

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Fourth Straight Week of Decreases for Mortgage Applications

Wed, 2023-06-07 14:00

Mortgage applications decreased 1.4% this week, down from a 3.7% decrease the previous week and reaching its fourth-straight week of dips, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending June 2, 2023. This week’s results include an adjustment for the Memorial Day holiday. This week’s…

The post Fourth Straight Week of Decreases for Mortgage Applications appeared first on RISMedia.

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