Real estate news

• LJ Hooker branch used AI to generate real estate listing with non-existent schools

  11-11-2024 15:00
  Agency apologises after an ad said a house in Farley, NSW, was close to two ‘excellent’ schools even though there are none in the townFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe principal of a branch of one of Australia’s largest real estate companies has admitted using ChatGPT to generate property listings after a rental home was advertised as being close to two “excellent” schools that didn&r
  
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• Leading UK estate agent cuts its longer-term house price growth forecast

  11-11-2024 01:01
  Hamptons says ‘modest’ rises can be expected amid ‘dampening effect’ of higher interest rates overallExpectations that UK interest rates may stay higher for longer, as well as revenue-raising measures in the budget, have prompted a leading estate agent to cut its forecast for house price growth over the longer term.The revised forecast from Hamptons came days after Halifax and Nationwide banks said the annual rate of property price growth had slowed, with the former sayin
  
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