Real Estate News and Auction

Annual U.S. rent growth increased at the slowest pace in 14 years this month, only climbing 1.5% year over year.

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Is the buyer's market here to stay? This buyer's market has continued into the spring which has me questioning if we will still experience a spring selling season? Is there any hope for sellers this year? Plus, there's a huge divide between the luxury market and the rest of the market. You'll be shocked to hear these numbers!

This exceptional Custom Contemporary Mediterranean Estate is situated on a prime corner cul-de-sac lot, encompassing 40,336 sq/ft within the prestigious Circle G Estados community in Seville. It features a luxurious split master suite with a romantic fireplace, ''his and hers'' walk-in closets,...

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These are today's mortgage and refinance rates. The 30-year rate is at its lowest point since December, and there isn't much competition. Lock in your rate today.

Over the past 4 business days, the average top tier mortgage rate has fallen by 0.22%. While that may seem like a small number, consider that mortgage rates haven't moved half as much in either direction for the entire month up until this point. Looked at another way, the last time rates moved down this much, it took more than 3 weeks. While there are examples of rates dropping faster, the point is that the current pace is relatively rare. It's made all the more interesting by the absence of what we would consider to be top tier motivations.  Such motivations typically include things like the jobs report, other key economic reports, major geopolitical events, or big policy revelations from the Federal Reserve.  The current example definitely draws on some downbeat economic data for inspiration, but not from reports that are usually responsible for this type of movement.  Additionally, the underlying bond market has continued to improve at a steady pace at times of day that suggest motivations beyond the economic reports. Long story short, bonds are in fashion at the moment.  When traders buy more bonds, rates move lower, all other things being equal. The broadest and most common explanations have to do with expectations for a downshift in global economic growth in response to domestic tariffs and cost-cutting efforts.  That topic is a can of worms in terms of complexity and counterpoints, to be sure.  Fortunately, it will either be confirmed or rejected by economic data in the coming months.  There's more room for improvement if the data is weak and inflation is lower than expected.  Conversely, if it's merely "vibes" driving the present bond buying spree and the data sings a different tune, there's plenty of room for rates to bounce back up.

(Photos via Bigstock, Redfin) Zillow Group and Redfin are long-time competitors. So when the Seattle-based real estate technology giants announced a key

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Barret Swatek and her husband, retired hedge-fund manager Adam Weiss, are saying goodbye to Hawaii and heading back to her roots in Alabama. 

Fun with AI, in light of all the DOGE-related things going on.

Users have long-known that major technology companies are collecting their data, but they might not know the options they happen to mitigate that risk. When it comes to voice assistants, consumers can control the amount of data collected. As a real estate practitioner, you can help walk them through the tangible strategies they need to know. 

Real Estate Auctions that Save

Some of the staggering $500 billion that Apple pledged Monday to invest in the U.S. will go to the massive TSMC factory in Phoenix.

A Portugal-based real estate firm has seen $100 million in sales thanks to leads generated by an AI real estate agent. The technology was developed by Israeli startup eSelf AI.

ZILLOW SHOWCASE LISTING BY MOUNTAIN LAKE REALTY

Mortgage rates were already in line with the lowest levels since December 18th by last Thursday. They dropped to the best levels since December 12th a day later. end of last week.  When today's initial rate offerings came out, the average lender was unchanged from Friday, but as the day progressed, bonds improved and many lenders were able to offer a modest improvement.  The result is that we can once again say that rates are the lowest since December 12th, even if most borrowers would see no difference in loan quotes from Friday. The bond market (which underlies and dictates interest rate movement) was very calm today after early gains. Investors are waiting to see Friday's PCE inflation data before making any big moves in either direction, but there is also some smaller risk of volatility surrounding other events this week.  Honorable mentions include the Treasury auctions on each of the 2 following afternoons as well as Thursday morning's slate of economic data.

Existing Home Sales Expected to Improve This Year