Proptech

Recession Home builders have been very active during the past ten years. While oil providers have OPEC, the housing supply does not have a similar cartel. Therefore, most builders and many city councils became overly enthusiastic and overbuilt inventory. As a result, the months of supply from new buildings is greater than 400% that of resale apartments! As a result, builders are currently halting new projects and marketing their ongoing ones. A housing-related recession will hit construction if builders commence widespread layoffs. Additionally, a national headline recession may occur since

These combined effects have a startling effect: the average mortgage payment is currently more than $400 per month higher than in January*. More house buyers are looking into adjustable-rate mortgages as a result of the combination of rising interest rates and property price increases. With ARMs, the borrower may be exposed to greater risk because the interest rate may change after the initial, fixed rate has passed. Planning a budget for this loan may be challenging due to an unforeseen possible increase. So, who would make a suitable ARM candidate

Today, we're getting closer to a tipping point in the property management business, as well as the much-needed application of existing technologies. Without exaggerating, the Skillhop team noticed the trend, need, and desire for innovative property management technology back in 2016. And now, in 2022, the future of property management has arrived, and whether we like it or not, the usage of software is necessary in order to function at peak efficiency; otherwise, we risk retention, vacancy, and an overworked workforce. This is especially true given the multifamily industry's current

As with the majority of industries today, real estate will undergo a transformation as part of what is known as 4IR (The Fourth Industrial Revolution). This shift will have varying effects on the property industry's many business verticals. Introducing innovative technology to real estate agents, such as improved seller/buyer matching, smart building technology for property managers, intelligent analytics for investors, and automation for builders. Real Estate High Street Estate Agencies are fighting to stay competitive with online agents. The low-cost models of internet agents are appealing. However, the human agent's

What is "crowdfunding" in real estate? Crowdfunding is a way for businesses to get money, and it makes it easier for investors to get involved in such projects. Crowdfunding uses the Internet and social media sites like Facebook, Twitter, and LinkedIn to find people who might be interested in investing. Crowdfunding is based on the idea that many people are willing to put in small amounts of money, and when they do, large amounts of money can be raised quickly. Crowdfunding lets businesses get money that they might never be

The House Price Index (HPI) is a wide indicator of the movement of prices for single-family homes in the United States. It also works as an analytical tool for estimating changes in the rates of mortgage defaults, prepayments, and housing affordability, in addition to functioning as an indication of home price trends. A Guide to the House Price Index (HPI) The Federal Housing Finance Agency (FHFA) assembles the HPI utilizing information provided by the Federal National Mortgage Association (FNMA), also known as Fannie Mae, and the Federal Home Loan Mortgage