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Are robot real estate agents a thing? – Market Report – February 12, 2018

Are robot real estate agents a thing? – Market Report – February 12, 2018
February 12, 2018 abryant

How come wrong numbers are never busy?

They say you can’t have your bread buttered on both sides. I say, you can, but you might get your hands dirty in the process.

I wish my phone never ran out of battery and my fridge never ran out of food.

I could be a morning person. If morning happened to be around noon.

 

Now The Market Report . . .

 

Mortgage rates have consistently crept up a little each week through 2018, hitting 4-year highs. Even still, rates are historically low, which may make it a good time to buy.

The rising bond yields responsible for higher mortgage rates have also shaken up the stock markets. There is a lot of fear that we may see accelerated inflation.

The outlook for 2018 is good for the economy, and the Fed is expected to raise policy rates. It’s likely mortgage rates will increase some more this year.

 

Mortgage applications have been on the rise recently despite higher rates. Applications were up 5% last week compared to the same time last year.

Swift price increases and inventory shortages are frustrating renters looking to purchase. Still, 58% of those polled say now is a good time to buy.

Robot open houses? Technology at San Francisco-based Zenplace enables agents to show properties remotely. A live agent speaks through a video monitor and controls the robot’s movements.

 

A clean desk is a sign of a cluttered desk drawer.

 

This week’s potential market moving reports are:

Wednesday, February 14th: MBA Applications, Consumer Price Index, Retail Sales

Thursday, February 15th: First Time Jobless Claims, Producer Price Index, Industrial Production, Housing Market Index

Friday, February 16th: Housing Starts, Consumer Sentiment

 

 

Santa Clarita mortgages lender American Family Funding can help you fulfill your dream of home ownership. A highly rated Santa Clarita mortgages lender, American Family Funding maintains a focus on community involvement and a commitment to giving back whenever possible. A friendly mortgage advisor will make the first time homebuyer experience an easy and stress-free experience — even with bad credit or a low down payment. The Santa Clarita home loan officers at American Family Funding also specialize in VA loans, reverse mortgages, refinancing and the STAR Loan Program.