Real Estate's AI Experts Reinforce their Commitment to Innovation by Introducing the Latest Frontier in Generative AI Technology FoxyAI, a PropTech leader in real estate visualization and property intelligence, proudly announces the launch of FoxyAI-GPT, a highly specialized generative AI...
Month: September 2023
MAYFLOWER DATA ILLUSTRATES BOOM IN MID-SIZE METRO AREAS FOR MOVERS IN THE U.S.
New "Finding Home" data reveals the increasing preferences for location amenities and a sense of community offered by mid-size urban cities The looming effects of COVID, coupled with an uncertain economic climate, are making way for a new migration trend — Americans are moving from large...
U.S. Foreclosure Activity Sees Uplift In August 2023
Foreclosure Starts Increase 9 Percent from Last Month; Completed Foreclosures Up 1 Percent from Last Month ATTOM, a leading curator of land, property, and real estate data, released its August 2023 U.S. Foreclosure Market Report, which shows there were a total of 33,952 U.S. properties...
TurboTenant launches mobile app revolutionizing rental property management
Prioritizing efficiency and tenant satisfaction, the new mobile app streamlines every aspect of rental property management TurboTenant, a rental property management company empowering landlords to self-manage their businesses, announced the launch of its all-in-one mobile app of the same...
1 in 5 Millennial Respondents Believe They’ll Never Own a Home
About half of Gen Zers and millennials who don’t plan to buy a home in the near future say it’s because homes are too expensive Nearly one of every five (18%) millennials and 12% of Gen Zers who replied to a recent housing survey believe they will never own a home, according to a...
Institutional Property Advisors Releases National Multifamily Construction Report
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), published a new national report, Pullback in Multifamily Construction Starts. “As access to development capital across the country diminishes and rent growth slows, multifamily starts are cooling,” stated Greg...
Unusual Housing Market Dynamics Contributing to Stall in Consumer Sentiment
HPSI's Low-Level Plateau Continues as Consumers Remain Frustrated by Lack of Affordability The Fannie Mae Home Purchase Sentiment Index® (HPSI) remained effectively unchanged in August, as consumer confidence toward housing continued along the low-level plateau set earlier this year....
Rate Hikes Continue to Slow Housing Market Activity and Create Market Uncertainties
Interest Rates Surge to 22-Year Highs, Fueling Housing Market Uncertainties Shift Towards Rental Market Intensifies as Purchasing Activity Declines, Represented by a 27.5% Year-Over-Year Decline in New Listing Volume Closed Prices Continue to Rise as Listed Prices Reached Their Peak in June...
More than 80% of home shoppers consider climate risks when looking for a new home
Floods, fires and extreme weather are reshaping how people view climate risk and real estate A clear majority of people in each region of the United States consider at least one climate risk when shopping for a home. A majority of today's buyers are millennial and Gen Z shoppers, and...