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Savvy real estate agents look beyond ChatGPT

Housing Wire

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job?

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The homegenius Platform gives consumers deeper insights in the home buying and selling journey

Housing Wire

With the seamless integration of the homegenius Platform, consumers can: Connect with experienced real estate agents. Find their dream home faster. Geniusprice, an automated and instant home value estimate driven by AI, advanced machine learning and homegeniusIQ. Evaluate properties instantly.

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Home Appraisals vs Online Home Value Calculators

D Fritz Appraisals

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. With so many types of transactions solely being handled online these days, it’s tempting to want to complete your required home appraisals entirely online and leave it at that.

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Millennials struggle to compete with boomers for homes

Housing Wire

Over the same time period, home values grew 31.2%. In the past two years, prices have grown an additional 22%, which should come as no surprise, as more than half of homes sold this past July went for above list price and there appears to be no end in sight, as Goldman Sachs predicts that home prices will rise another 16% in 2022.

Buyers 538
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Fed’s Beige Book predicts further uncertainty for the housing market  

Housing Wire

“Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”.

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A closer look at housing markets across the country

Housing Wire

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year.

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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

According to Sandy Williams, an eXp Realty agent in Sarasota, homeowners’ insurance costs have doubled for many in her metro area ( flood insurance costs have also risen dramatically). “I I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said.

Insurance 334