How This Homeowner Made an Extra $100,000 by Letting AI Replace His Real Estate Agent
Before scheduling an open house, Robert Levine turned to ChatGPT for the home selling process. Through simple prompts during the home-selling journey, Levine and his wife prompted AI to take over everything from marketing and planning to pricing and negotiating. Ultimately, they ended up selling of their Cooper City, Florida home for $954,800-$100,000 more than what real estate agents estimated the home's value to be, he says.
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US mortgage rates climb for fifth-straight week, pushed up by Iran war worries
The average 30-year fixed mortgage rate rose to 6.46% this week, jumping from 6.38% the previous week and reaching the highest level in seven months, according to Freddie Mac. The rise may be unwelcome news for those hoping to buy a home this spring, typically the busiest time of year for the housing market. During the last week of February, before the US-Israeli attack on Iran, the average 30-year mortgage rate was 5.98%.
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Record number of home sales contracts canceled nationwide
Deals to buy homes in the U.S. recently fell through at a record rate, a new analysis found. More than 42,000 purchase agreements were canceled around the country in February, equal to 13.7% of the homes that went under contract that month, up from a 12.8% share in February 2025, according to the online brokerage Redfin. It's the highest share ever for February in records kept since 2017.
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Chicago's Proper Title adds commercial underwriting counsel
Chicago-based Proper Title, LLC announced that Maria Milutinovic has joined the firm as commercial underwriting counsel, further strengthening its commercial services division as demand grows for more local and multi-state transactions. The number of commercial real estate deals Proper Title closed rose 38% year over year as of March 1.
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Opendoor acquires Doma's closing and escrow business in bid to lower mortgage refinance costs
Opendoor, which buys homes directly from sellers and has a title and escrow business, is acquiring part of Doma, a property technology company that automates title searches, the companies told CNBC exclusively. Doma says it uses machine learning and artificial intelligence to make real estate closings - specifically title, escrow and underwriting - faster and more affordable.
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