Thousands of real estate agents are finding interesting uses for the ChatGPT artificial intelligence chatbot application. Real estate professionals can create a variety of educational materials with this application, including long-form content like articles and e-books. I probably don’t need to tell you what ChatGPT is, seeing as how it has been in the news […]
California Housing Markets Decline in 2023, Rest of the U.S. Doing Okay
A recent report from the research team at Zillow showed that several major cities in California are experiencing a measurable decline in home prices. But much of the country seems to be doing okay right now, in terms of home price stability. This contradicts earlier (and gloomier) forecasts that predicted a major correction or even […]
Reversal: Austin Housing Market Goes Through Major Changes in 2023
The real estate market in and around Austin, Texas is currently one of the most rapidly changing housing markets in the country. Inventory levels have increased substantially over the past 18 months, while home prices have declined. This is good news for local home buyers, not so much for sellers. In fact, if the Austin […]
Recent Forecasts Suggest Further Drop in Home Prices in 2023, 2024
Recent forecasts from real estate industry experts suggest that home prices across the U.S. could drop through the rest of 2023, and possibly into 2024. We’ve already seen month-to-month declines in the nationwide median home value, so these predictions shouldn’t come as a surprise. At the same time, there will probably be quite a bit […]
Why the Rest of 2023 Could Be a Great Time to Buy a Home in the U.S.
A spate of recent housing market reports suggest that home buyers could be sitting in the catbird seat later in 2023. In fact, many cities across the U.S. are starting to experience buyer’s market-like conditions. The short version is that there are more homes available to purchase, but fewer buyers in the market. If this […]
10 Housing Markets That Could See the Most Price and Sales Growth in 2023
According to a recent housing market forecast published by Realtor.com, cities like El Paso, Louisville, Buffalo and Grand Rapids could experience the biggest home-price gains during 2023. Those cities are also projected to have an increase in home sales in 2023, with El Paso, Texas leading on that front. Forecast Predicts Rising Home Prices in […]
The Cooldown: How Nashville Could Become a Buyer’s Market in 2023
Like many major cities across the country, the Nashville metro area real estate market has cooled considerably over the past six months. Once considered one of the hottest housing markets in the country, Nashville is now experiencing a major slowdown in home-buying activity, along with sustained inventory growth. What does this mean for 2023? Among […]
Dallas Real Estate Forecast for 2023: Is a Big Price Drop Coming?
Dallas housing market forecasts suggest a price drop is coming. The DFW real estate scene could cool considerably in 2023. This metro area might even shift into a buyer’s market next year. Higher prices, higher mortgage rates, and inventory gains play a role. Like many metro areas across the country, the Dallas-Fort Worth real estate […]
5 Housing Markets That Could Slow Down the Most in 2023
According to a recent report from Realtor.com, the real estate markets of Austin, Raleigh, Las Vegas, Phoenix and Charlotte slowed have down the most over the past year. In all five of these metro areas, the typical time it takes to sell a home increased significantly in 2022. Looking forward, housing markets like Austin, Raleigh […]
Austin Housing Forecast for 2023: A More Buyer-Friendly Real Estate Scene
The consensus forecast for the Austin, Texas housing market in 2023 predicts a much more “buyer-friendly” real estate scene. That’s a fairly safe prediction, actually. One reason: inventory growth. A new report showed that Austin is one of the top metro areas in the country, in terms of housing market inventory growth. This comes after […]