Diamond Age secures $50M to lay the foundation for the future of houses built by robots

Diamond Age is back for a $50 million Series A funding round, following an $8 million round just a few months ago. The company's mission is to make homeownership more affordable by using 3D printing and robotics technologies to make home construction significantly cheaper — a welcome change in a world where the US housing market is experiencing a 7-million-home shortage. The business calls itself a...

How The Federal Reserve and Higher Interests Rates Will Impact You

For the first time in three years, interest rates are almost certainly going up this month. The Federal Reserve is likely to raise its benchmark interest rate by 0.25 percent next week in order to combat rising inflation, which is at a 40-year high. More raises are expected later this year. Financial advisors predict that the policy's impact on American households will be felt in a variety of ways,...

The Ukraine crisis could give weak mortgage demand a big boost

Mortgage demand slowed last week as interest rates reached multi-year highs, but that is expected to change soon. Interest rates are rapidly declining, as a result of Russia's invasion of Ukraine. According to the Mortgage Bankers Association's seasonally adjusted index, mortgage application volume remained practically flat compared to the prior week. Borrowers have no reason to refinance, and...

Mortgage holders have an average record of $185,000 in equity. What to know if you’re tempted to borrow from that

The amount of equity people have in their homes is increasing as home values reach new highs. For many Americans, this means being able to borrow more against their most valuable asset. However, financial experts advise that you consider twice before making such a decision. According to Black Knight mortgage research, the average mortgage holder has around $185,000 in home equity to tap, which is the...

Home Prices Set Another Record As Mortage Rates Fall

Mortgage rates are falling as markets deal with the fallout from Russia's invasion on Ukraine, implying that home prices will continue to rise. According to Mortgage News Daily, the average rate on the popular 30-year fixed mortgage has grown nearly a full percentage point from the start of the year until last Friday, when it touched 4.18 percent. On Monday, it dropped to 4.04 percent, and on Tuesday,...

The Average Mortgage Size Just Hit a New Record

Homebuyers are experiencing with one of the most expensive housing markets in history, necessitating larger mortgages than ever before. Despite the fact that mortgage demand is dwindling owing to rising interest rates, the average purchase loan application size just established a new high. According to the Mortgage Bankers Association's seasonally adjusted index, mortgage applications for house...

Rising lumber price adds $19,000 to the cost of a new home

Since the beginning of the pandemic, the price of lumber has been on a roller coaster, and it is now mounting a steep incline once more. Lumber prices began rising again in December after falling dramatically from a record high in May of last year. According to Random Lengths, they are now around 22% lower than their high, but still roughly three times their typical pre-pandemic price. This raises...

Inflation hits 40-year high, surges 7.5% on an annual basis, is Real Estate a hedge?

Over the last year, consumer prices have risen faster than anticipated, signaling a worsened picture for inflation and confirming the likelihood of significant interest rate hikes this year. The Labor Department said Thursday that the consumer price index for January, which monitors the pricing of dozens of ordinary consumer goods, increased 7.5 percent from a year ago. The closely watched inflation...

Home valuations have soared, is now the right time to buy or sell a home?

For potential homeowners, the previous year has been a roller coaster, but reports suggest that the real estate market in 2022 will be much more competitive. According to Redfin and Zillow, the number of new listings is at an all-time low. According to Zillow's December 2021 Market Report, there were 19.5 percent fewer properties listed at the end of 2021 than at the end of 2020, and 40.5 percent less...

innertain metaverse

How to Buy Land in Top Metaverse Worlds

It’s the newest buzzword and it's brimming with potential; and companies are looking to capitalize on both. This virtual world - the Metaverse - has people and businesses lining up to buy land and assets. Despite not being able to see or be physically present, investors and businesses have been redirecting their focus and spending thousands on virtual real estate in the metaverse.  If you follow...

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