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Thursday, May 21st, 2020

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Posted by: | Posted on: May 21, 2020

How Low Will Mortgage Rates Go? Below 3% If You Know Where To Look

One of the few silver linings for real estate in the middle of this devastating coronavirus pandemic has been record-low mortgage interest rates. And housing experts predict those ultralow rates will likely fall even further—venturing into the unprecedented 2% range.

That could give the flagging housing market—deeply hampered by state and local lockdowns, uncertainty about COVID-19, and a sputtering economy—a much needed boost. Lower rates equate to lower monthly housing mortgage payments, meaning many buyers will suddenly be able to afford homes with higher price tags.

“We expect mortgage rates to stay low and possibly slip lower,” says realtor.com Chief Economist Danielle Hale. “We’ll flirt with the 3% threshold for a while before we go below it.”

Although some lenders are offering rates in the high 2% range, rates averaged 3.28% for 30-year fixed-rate loans for the week ending May 14, according to the most recent Freddie Mac data

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Posted by: | Posted on: May 21, 2020

Robotic Grocery Microfulfillment Facilities are on the Rise Due to COVID-19

Because of the COVID-19 pandemic, there is a demand for robotic fulfillment facilities that will support the online food delivery industry as these facilities can pick and handle groceries orders faster and better, S&P Global Market Intelligence reports.

It notes that online grocers like Walmart and Albertsons have accelerated their efforts to automate their online grocery demand by using high-tech centers. Even Amazon.com has reportedly been looking at ways to automate grocery fulfillment and stay competitive in the high-volume grocery industry. According to the S&P Global Market Intelligence, using robotic equipment is 10 times faster than manually filling orders.

How do fulfillment centers work? After an order is placed by the customer robots with totes are deployed to pick requested products and route them to stations then a human selects and bags items for shipping. S&P Global Market Intelligence also says that there is greater accuracy fulfilling orders including

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Posted by: | Posted on: May 21, 2020

The Nose Knows: 4 Things You Can’t Smell in a Virtual Tour That Could Cost You Later

As the COVID-19 pandemic turns open houses and home tours into virtual events, it’s more important than ever to ask your real estate agent to be your nose.

Published


Odors—pleasant or unpleasant—are strongly tied to our emotions and can leave a lasting impression when it comes to buying a house. Especially bad ones. Because some odious smells can be indicative of larger (and costlier!) problems.

“When we come across even moderately strong odors, the showing is basically over,” says John Gluch, a Realtor® and founder of the Gluch Group in Scottsdale, AZ. “Reasoning with someone that the odors can be remediated is rarely fruitful. People just move

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