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Could Zillow or Redfin buy up all the homes — or the whole real estate market?
Anything can be done online. Some tech companies, like Zillow and Redfin, think they can even buy and sell houses online, and are dreaming of becoming the Amazon of what has come to be known as ‘‘iBuying.” But they’re finding out that buying and selling assets worth hundreds of thousands of dollars is a bit harder as an online industry than buying and selling books. Last week, Zillow made a startling announcement that it would stop buying homes for the rest of the year, self-reportedly due to a “backlog of renovations and operational capacity constraints” that it blamed on the supply chain issues plaguing the economy. This news made a…
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Japanese gardens speak to the moment – News-Herald
By KATHERINE ROTH Japanese-design and style gardens initially caught the general public creativity in the U.S. at an 1893 planet exposition in Chicago, grew to become a sought-just after characteristic in Gilded Age estates, and were later adapted to open-approach modernist houses. Nowadays they have progressed, and go on to inspire back garden layout at a time when a lot of persons are hoping to forge a nearer link between indoor and out of doors areas. “One purpose that gardens are so thriving in Japan is that the property-backyard garden romance is established up to be so built-in. There are large sights of the backyard, and additional unobstructed sights. Gardens…
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AI Won’t Spell The End Of Real Estate Agents. A Court Decision Will
While many agents fear the replacement potential of AI, it may end up allowing the industry to continue working if the worst happens. In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price. A growing threat looms on the horizon, shaking the real estate industry to its very core. Inevitable changes seem to be coming sooner than later. Is this a worst-case scenario? Perhaps. Is there enough truth and data to be plausible? Yup. I believe reality lies somewhere…
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LI investor adds three retail properties to portfolio
Peter Petrakis, a Seaford-primarily based industrial genuine estate investor, obtained three retail qualities in Indiana and North Carolina for a overall of $3.965 million. The purchaser obtained an 18,000-sq.-foot retail creating on 1.3 acres at 8905 E. 10th St. in Indianapolis, Ind. for $1.3 million. The residence is web-leased to Walgreens and the sale price tag equates to a 7 p.c cap amount. Petrakis also obtained a 5,472-sq.-foot restaurant developing on .91 acres at 4383 Countrywide Road in Richmond, Ind. for $1.54 million. The assets is net-leased to Chili’s and the sale value equates to a 4 {d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} cap amount. The third house acquired by Petrakis is a 2,979-square-foot cafe setting…
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7 Frequent Mistakes That Sabotage Your Clean Bathroom
No area in the dwelling functions more durable than the rest room. And while these areas exist to continue to keep you clean, they can quickly harbor odors, toothpaste smears, stray hairs, and other funky grime. Of class, you neaten up and scrub these areas regularly. But along the way, inevitable missteps can undermine even the greatest cleaning efforts. “More than any other place, the lavatory ought to glance and odor cleanse [and] sense roomy and arranged,” notes Pamela O’Brien, an inside decorator with Pamela Hope Designs. Go through on for techniques to reverse frequent errors and guarantee your bathtub appears to be (and smells) its really best. 1. Haphazard…
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This real estate developer is happy that new home construction is falling
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Recent headlines point to a slumping US housing market — as mortgage rates average near 7{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}, an increasing number of potential homebuyers are finding it difficult to finance homes. Mortgage applications fell in late February to a 28-year low, according to the Mortgage Bankers Association. But some of the country’s largest homebuilders are undeterred. David O’Reilly, CEO of the real estate developer Howard Hughes Corp., told CNN that he’s…
