Real Estate, Updates, News & Tips - Abdul Hafiz - iPro Real Estate

Americans are Suddenly a Lot More Upbeat About the Economy

Consumer sentiment gauge posted the largest two-month gain since 1991Americans are rapidly becoming much more upbeat about the economy.Consumer sentiment surged 29% since November, the biggest two-month increase since 1991, the University of Michigan said Friday, adding to gauges showing improving moods. It’s a sharp turn after persistently high inflation, the lingering shock from the pandemic’s destruction and fears that a recessio

Read More

Mortgage Rates Have Dipped Well Below Historical Norms

Rates continue their downward slide, reaching their lowest level since last May. Home buyers who are delaying their purchase and holding out for lower mortgage rates may want to reconsider that strategy. The 30-year fixed-rate mortgage, which averaged 6.6% this week according to Freddie Mac, is still a far cry from the historical norm of 7.74%. Plus, mortgage rates are expected to slide further throughout the year.“Home buyers should be pleased

Read More

Housing Starts Fall in December as Builders Scale Back on Single-Family Homes

Housing starts fell to 1.46 million The numbers: Construction of new homes fell 4.3% in December, as home builders scaled back new projects.So-called housing starts fell to a 1.46 million annual pace from 1.53 million in November, the government said Thursday. That’s how many houses would be built over an entire year if construction took place at the same rate every month as it did in December.Housing starts are down for the first time in

Read More

Banks Can’t Count on Loans for Growth

As interest rates fall, growing loans is getting more important, but also trickier Even as the biggest banks have grown and diversified, lending remains a core part of their business. And it looks like that will get tougher this year.The outlooks that banks gave on Friday for 2024 net interest income—a measure of what they earn on yield from cash, loans and securities, minus what they pay in interest costs—were muted. JPMorgan Chase expects

Read More

Purchase Loan Applications Soar 9% Following Drop in Mortgage Rates

The trend could bode well for the spring homebuying season, the Mortgage Bankers Association said Wednesday, but Federal Reserve policymakers may take their time before cutting rates Falling mortgage rates prompted more prospective homebuyers to apply for a mortgage last week, a trend that could bode well for the spring homebuying season, the Mortgage Bankers Association (MBA) said Wednesday.The MBA’s latest Weekly Mortgage Applications Survey

Read More

How this Florida Legislation Could Lead to More Sustainable Housing

Attorney and new Inman Contributor Rachel Streitfeld examines how changes to Florida's zoning laws could free up vast tracts of land for high-density new home construction The affordable housing landscape in Florida is poised for major changes, thanks to the Live Local Act. Also known as SB-102, this revolutionary piece of legislation is set to encourage the creation of much-needed affordable and workforce housing in a state that h

Read More

Welcome to the Team Natascha Hoover Dealing the S.F. Bay Area

iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.

Read More

Home Stager Reveals 4 Hot Trends for 2024

Say goodbye to the ordinary as home design moves toward the extraordinary with an extra-personalized aesthetic.Homes today fulfill a lot more purposes, providing comfort, wellness and an eco-friendly and personalized space—all in a technological way. Home layouts are being reconfigured, too. Dining rooms have become nearly extinct, living spaces are being designed for flexibility, and wellness rooms are channeling more positive vibes.Homes have

Read More

"I Have a Dream..." Martin Luther King

In honor of this civil rights milestone, we still stand with you Martin Luther King Jr. "I Have a Dream" is a public speech that was delivered by American civil rights activist and Baptist minister Martin Luther King Jr. during the March on Washington for Jobs and Freedom on August 28, 1963.

Read More

Lower Mortgage Rates Boost Buyer Demand

Americans feel increasingly optimistic that rates will drop even further throughout the year, surveys show.As mortgage rates settle into the 6% range—the 30-year fixed rate loan averaged 6.66% this week, according to Freddie Mac—home buyers appear to be gradually returning to the market. Mortgage applications for home purchases, which is a gauge of future home sales activity, rose about 6% last week, the Mortgage Bankers Association reports.

Read More

This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.