Real Estate - Real Estate, Updates, News & Tips

Wishing you Well this Thanksgiving

Happy Thanksgiving to you and your loved ones from iPro Real Estate. We've officially started our holiday charity drive to raise money for youth in foster care. Please join us in donating to our Treehouse Charity Drive.

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When it Comes to Vacation Homes, A-Frames are as ‘Iconic’ as it Gets

The style’s pitched roof makes it especially appealing in rural, remote areas with lots of snow A-frames are easily recognized by their triangular shape. It is the result of bringing the roof down and eliminating the walls, said Brent Campbell, an architect in Asheville, N.C. “They became this sort of iconic shape for rural vacation retreat-type structures,” said Mr. Campbell.In the book “A-Frame,” author Chad Randl, an architecture his

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Mortgage Rates See Biggest Weekly Decline Since 1981

The 30-year fixed-rate mortgage averaged 6.61% as of Nov. 17 The 30-year fixed-rate mortgage averaged 6.61% as of Nov. 17, according to data released by Freddie Mac FMCC, 1.38% Thursday, lower than the 7.08% rate seen last week. It was the biggest weekly decline since 1981.Still, the 30-year was averaging at 3.10% at this point last year. “Mortgage rates tumbled this week due to incoming data that suggests inflatio

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Rent Stabilization Measures Win in US Midterm Election

Ballot measures in the U.S. to build more affordable housing and protect tenants from soaring rent increases were plentiful and fared well in last week’s midterm elections, a sign of growing angst over record high rents exacerbated by inflation and a dearth of homes.Voters approved capping rent increases at below inflation in three U.S. cities: Portland, Maine, and Richmond and Santa Monica in California. Another measure was leading in the vote

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Sharp Drop in Mortgage Rates Does Little to Boost Demand

Mortgage application volume rose 2.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment was made for the Veteran’s Day holiday.The small increase followed a government report last week showing that inflation may be starting to ease. That, in turn, sent bond yields plunging and mortgage rates with them. Thursday saw the sharpest one-day drop in the ave

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Using AI to Enhance Listing Photos can be Legally Risky

You can’t misrepresent a property, but there are ethical ways to use images generated by artificial intelligence to improve your clients’ experiences and better serve their needs. Artificial intelligence now makes it possible for you to send a listing photo, along with commands for whatever image enhancements you want, to an algorithm—and receive the enhanced photo in seconds. This new frontier for real estate technology may open endless po

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Single-family Rent Growth Slows for Fifth Straight Month in September

Rent remained 10.2% above September 2021 levels and 22.6% compared to 2 years earlier, according to the single-family rent index from property data information company CoreLogic New markets require new approaches and tactics. Experts and industry leaders take the stage at Inman Connect New York in January to help navigate the market shift — and prepare for the next one. Meet the moment and join us. Register here.The price of rent

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Stabilizing Economy Holds Key to Reviving Home Sales

October’s lower inflation rate is a welcome sign for a housing market that’s seen steady declines in 2022. A recent report showing that the rate of inflation declined in October is good news for the real estate industry, and possibly a bellwether of declining mortgage rates in coming months, Lawrence Yun, chief economist for the National Association of REALTORS®, told thousands of attendees Friday at NAR NXT, The REALTOR® Experience(li

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10 Headwinds the Real Estate Market Faces Next Year

An annual report from the Counselors of Real Estate identifies the most pressing topics that could have long-term consequences for housing. Both the residential and commercial real estate markets face an “extraordinary era of unpredictability,” William McCarthy, 2023 global chair of The Counselors of Real Estate, said Friday at a session during NAR NXT, The REALTOR® Experience in Orlando, Fla. Whether it’s inflation, rising interest rates,

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Voters Approved More Money for Affordable Housing Around the Country

Follow live updates and election results here.Gas prices got a lot of attention from candidates these midterm elections, but rents and home prices that skyrocketed during the pandemic are a far bigger chunk of people's budgets — and those increases are fueled by a historic housing shortage. Voters in dozens of cities were asked to approve more spending for affordable housing, and in some places they did so overwhelmingly.Kansas City&n

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