A new high-tech way to find a home you can actually afford

Property Profit
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Jan 4, 2025 #homeprojects #business
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Housing costs are spiraling out of control but there could be a new high-tech solution to help buyers find a home they can actually afford, even after all those hidden fees.
Welcome back everybody. Housing costs are spiraling out of control but there
could be a new high-tech solution helping you find a home you can
actually afford even after all the hidden fees. Eben Brown shows us how this
tech works. It's still really hard to buy a home. Prices are soaring putting the
American dream of home ownership out of reach for most. Experts say a big part of
the problem is a lack of transparency about how much buying a house will
actually cost but now there could be an AI-powered solution. Built Rewards is
debuting their buy a home tool getting buyers access to listings tailored to
their finances calculating their all-inclusive monthly payments. We will
actually find you homes that you can buy today factoring in interest rates, taxes
in the local cities, insurance costs, HOA fees, everything. That's a big change from
the traditional model that only provides the monthly mortgage not the
specific associated fees that change from state to state. The new calculator
is powered by artificial intelligence but it took a new human perspective to
approach the problem from the point of view of the consumer. Everything these
days is a little bit AI so but the hard part honestly here is just getting all
the data together in a simple way. And the company is hoping it will give a new
generation of buyers access to affordable homes bringing clarity to
what is often a complicated process. We look at this as how do we bring
transparency and simplicity to the home buying process and rewards for customers
when they're ready to buy a house. To solve the broader housing prices you
need that plus we have to figure out affordability in general. The typical
household needs a hundred thousand dollars of income to afford a home and
that's doubled since 2019. In Miami, Evan Brown, Fox News.
