‘How’s the neighborhood?’ 5 buyer queries ChatGPT gets really wrong

AI is useful, but it's far from perfect. Here are five common questions buyer clients ask agents, incorrect responses from ChatGPT, plus the correct response agents should use to avoid litigation.

7 out-of-the-box client appreciation ideas

Want to take your client relationships to the next level and have some fun while doing it? Trainer Darryl Davis suggests client appreciation parties — with a twist.

DOJ: Tossing pocket listing suit prevents competition with MLSs

In an amicus brief filed Monday the antitrust enforcer argues that a lower court incorrectly tossed a case filed by Top Agent Network over the National Association of Realtors' pocket listing policy.

With ChatGPT, Addressable fully automates direct mail marketing

Addressable is partnering with Open AI’s ChatGPT software to make it even easier for agents to execute personalized marketing efforts. The product is called SmartCopy.

Siegfried & Roy’s Former Vegas Compound Lands a Buyer Within Days

Realtor.com

Siegfried & Roy’s former home in Las Vegas didn’t stay on the market long.

The compound was sold within days for the $3 million asking price to Brett Carden, owner of the Carden International Circus, according to multiple reports. However, the listing still shows as active on Realtor.com®.

Commonly known as the Jungle Palace, the compound was where magicians and entertainers  Siegfried Fischbacher and Roy Horn lived with many of their exotic animals.

Fischbacher and Horn bought the compound in 1982 and transformed it into a place where they could live with their animals, including lions and tigers, some of which were said to sleep in the bed with Horn.













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Guild Mortgage announces 3rd acquisition in as many months

The acquisition of Colorado-based Cherry Creek Mortgage expands Guild's retail branch network by 68 offices in 45 states.

Homebuyers Are Discovering the Upside to Bank Failures: Lower Mortgage Rates

TIMOTHY A. CLARY/AFP via Getty Images

An unexpected consequence of the recent bank failures is that mortgage interest rates have dropped—and could keep falling.

Homebuyers discovered the silver lining to collapses that ricocheted through the financial sector as mortgage rates briefly fell on Monday before ticking back up again, according to Mortgage News Daily‘s average rates for 30-year fixed-rate loans. Rates had dropped to 6.57% as news of the financial turmoil spread, down from just above 7% a few days earlier. But by Tuesday, they were up to 6.75% as the market absorbed the news.

As the spring housing market kicks off, normally rate drops are good news for homebuyers. Even a fraction of a percentage point decrease can equal significant savings. But buyers might be too spooked by the collapse of Silicon Valley Bank and Signature Bank and the possibility of more turbulence to make what could be the largest purchase of their lives.

“When there’s any kind of economic uncertainty, mortgage rates tend to go lower,” says Ali Wolf, chief economist of the building consultancy Zonda. “Going into the collapse of Silicon Valley Bank, mortgage rates were getting pretty close to 7%. Mortgage rates were rising, and it was starting to look bad for home shoppers.

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EXp Canada appoints veteran agent John Tsai as new president

EXp Canada has appointed veteran real estate agents John Tsai, Nadia Habib and Nathalie Goodyer to three C-suite positions, according to the company. Tsai joined the brokerage in 2017.

State Capitals Have Become Some of the Hottest Markets for Homebuyers. Here’s How To Take Advantage.

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To secure their next home, buyers are going to need some capital. To find the hottest metros in the U.S. right now, prospective homebuyers might want to look to the capital—their state capital, that is.

That’s a common theme among a surprising number of February’s hottest metropolitan areas, according to a recent Realtor.com® report. From the East Coast to the Midwest, 4 of the top 10 metro areas are home to one of the most stable employers out there: the government.

In February, the Manchester, NH, metro tied for the No. 1 spot on the Realtor.com monthly Hottest Markets ranking with Rochester, NY. This was the 20th time Manchester snagged the top spot and the seventh for Rochester.

(Metro areas in the report are ranked by how often Realtor.com users click on listings, as well as how quickly properties sell. Metros include the main city and surrounding towns, suburbs, and smaller urban areas.)

hottest real estate markets for february, 2023
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Do You Live in One of the Top Termite Cities in the U.S.? Read This To Find Out

JillianCain via Getty Images

Sorry, Miami residents—you might want to put pest control on speed dial.

The Magic City has earned the dubious honor of being the No. 1 urban area for termite infestations, according to Orkin’s Top 50 Termite Cities list. Miami, by the way, is reclaiming its long-running “prize,” which it temporarily ceded to Los Angeles last year. This year, L.A. ranks No. 2, with Tampa, FL, nibbling at its timbers at No. 3.

The ranking is based on metropolitan areas (cities and their surrounding towns) where Orkin performed the most first-time termite treatments between February 2022 and January 2023.

The cities sitting at the top of the termite heap share similar coastal climates, making them ideal places for subterranean and drywood species of termites to feast.


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Is ‘Rock the Block’ Off Its Rocker? This Winning Design Move Makes Us Wonder—Take a Look

HGTV

Season 4 of “Rock the Block” is the perfect pupu platter for viewers who want a general glimpse of what home designers are doing these days—and the latest episode focuses on a truly make-or-break area of the house.

In the episode “Living Room Face Off,” host Ty Pennington declares the challenge is to “make a great first impression with the entry area and living room.”

The competition, based this time in Berthoud, CO, will be tight for the four teams of design stars, which include Bryan and Sarah Baeumler from “Renovation Island,” Michel Smith Boyd and Anthony Elle from “Luxe for Less,” Jonathan Knight and Kristina Crestin from “Farmhouse Fixer,” and Page Turner and Mitch Glew from “Fix My Flip.”

Knight and Crestin won last week’s kitchen challenge, so they’re the team to beat.

Beetlekill wood ceiling
Living room with fireplace between French doors
Black brick fireplace
A Rocky Mountain chic powder bath
Judge Jennifer Todryk rocks out when she hears the music.
The winning living room
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58 cities that had million-dollar homes in 2022 don’t anymore: Study

The number of U.S. cities where the typical home value was $1 million or more has dropped from a high of 522 in July 2022 to 464 as of January 2023.

Housing still biggest contributor as inflation slowed pace in February

While the Consumer Price Index jumped a modest 0.4 percent month over month, the collapse of Silicon Valley Bank and Signature Bank could keep interest rate hikes at bay, economists said Tuesday.

John Davis’ lawsuit against Keller Williams won’t get its day in court

U.S. District Judge Reed O'Connor on Monday granted a motion to compel arbitration in Davis’s case filed in February by Keller Williams, Gary Keller and former KW President Josh Team.

Property managers dodged bullet after Signature failure — for now

A short-term fix by the federal government helped thousands of property managers keep the lights on after the collapse of Signature and Silicon Valley Bank. But lending will be tougher now, experts told Inman.

Types of Roofs

There are many different types of residential roofs, each with their own advantages and disadvantages. Here are some of the most common types: Asphalt shingles: Asphalt shingles are the most common type of roofing material in the United States. They are relatively inexpensive, durable, and come in a variety of colors and styles.Metal roofing: Metal...


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Are ‘infinite returns’ actually possible in real estate investing?

Unlike most other types of investments, it turns out that "infinite returns" are possible in real estate investing. Here's how it's done.

Rockstar Energy Drink Creator Russ Weiner Lists $50M Park City Mansion

Realtor.com

Rockstar Energy Drink creator Russell Weiner has listed his Park City, UT, home for a whopping $50 million. It is the most expensive listing in the state.

Built last year, the mansion boasts many luxury amenities designed for a billionaire, including a wellness wing and a ski room tricked out with vintage skis on the ceiling.

The 17,567-square-foot home has never been slept in, according to the Wall Street Journal. It last came on the market in December 2021 for $42 million, and Weiner purchased it in May 2022 for $39.6 million.

Weiner reportedly upgraded the interiors of the six-bedroom, eight-bath home, including adding an air filtration system, according to the listing.





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RentSpree, SkySlope partner to speed renting workflows

SkySlope’s workflow benefits will enhance rental application and tenant screening actions, tools that help smooth out friction-prone, manual processes, RentSpree executives said Tuesday.

At Home With Eboni K. Williams

Ms. Williams’s brief to her designer was simple: ‘Imagine if Josephine Baker lived in Harlem today. That’s what I want this apartment to look like.’

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