Real Estate News

ChatGPT weighs in on OKC real estate and … me, plus lots of news

Hey, y’all. This AI stuff − Artificial Intelligence, ChatGPT, developed by OpenAI, is freaky.

You may or may not know that I’m a part-time minister. On a lark the other day, I tried out ChatGPT by asking it to write a sermon on “loving your enemies.” Timely to say the least, the way this country sometimes seems to be coming apart at the seams. I will spare you the preachin’, just to keep my worlds from colliding.

I’ve been playing with it in spare moments. Last night I made this goofy request:

Hey, ChatGPT! Write a 10-line poem about Richard

Real Estate News

Green New Deal Boosts Appeal of New Build Investments

Investing in new-build property has traditionally been a popular form of property investment due to the range of benefits it can offer – this has seen many investors purchase off-plan (before the house is completed) as a means of maximizing their potential gains.

The push towards making homes energy efficient in recent years has heightened the incentive to invest in new-build properties, as tenants wish to keep their energy bills down. As a result, this has seen increased demand for such properties.

In turn, new-build properties also tend to boast higher EPC (energy performance certificate) ratings of an A or

Real Estate News

The UK Property Market is Now in Better Health Than Four Years Ago

There are various ways we can use to track how the UK property market is performing.

One of the most common ones is house prices and how they are rising or falling. Rising prices mean that the market is performing well, while falling prices are usually a cause for concern.

The Land Registry’s UK House Price Index reports that prices rose by 6.3% annually from January 2023, the latest data available. This shows that the market is still going strong as prices are higher than in 2022.

A second way we can determine the health of the housing market is

Real Estate News

New Statistics Show High Rental Demand for 2023

The number of people currently inquiring about homes to rent has increased by roughly 23% since last year, while a recent Zoopla report highlights that rental inquiries per estate agency branch are 46% above the 5-year average.

On the other hand, the current stock of homes for rent is 38% below the average of the past five years and 4% below what it was in November 2021, highlighting the supply gap that the UK currently faces.

In many cases, this has resulted in lets being agreed upon before viewings have even taken place and instances in which potential tenants are