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  • Could Zillow or Redfin buy up all the homes — or the whole real estate market?
    Real Estate News

    Could Zillow or Redfin buy up all the homes — or the whole real estate market?

    April 2, 2023 /

    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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    Jerry Schmidt Comments Off on Could Zillow or Redfin buy up all the homes — or the whole real estate market?

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    Russian Invasion in Ukraine Impacts NYC, Miami Real Estate

    Russian Invasion in Ukraine Impacts NYC, Miami Real Estate

    February 27, 2022
    Another Crazy Crypto Market Whose Time Has Come

    Another Crazy Crypto Market Whose Time Has Come

    April 10, 2022
    As the Housing Market Shifts, Here’s What To Expect for the Rest of 2022

    As the Housing Market Shifts, Here’s What To Expect for the Rest of 2022

    June 14, 2022
  • AI Won’t Spell The End Of Real Estate Agents. A Court Decision Will
    Real Estate News

    AI Won’t Spell The End Of Real Estate Agents. A Court Decision Will

    March 9, 2023 /

    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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    Jerry Schmidt Comments Off on AI Won’t Spell The End Of Real Estate Agents. A Court Decision Will

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    Some view Metaverse as a new frontier to own real estate while others remain wary of uncertain future

    Some view Metaverse as a new frontier to own real estate while others remain wary of uncertain future

    July 7, 2022
    New owner for Sears at Sunrise Mall in Citrus Heights CA

    New owner for Sears at Sunrise Mall in Citrus Heights CA

    November 11, 2022
    He Runs a New York Real Estate Empire. Did He Steal It?

    He Runs a New York Real Estate Empire. Did He Steal It?

    July 25, 2022
  • This real estate developer is happy that new home construction is falling
    Real Estate News

    This real estate developer is happy that new home construction is falling

    March 8, 2023 /

    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…

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    Jerry Schmidt Comments Off on This real estate developer is happy that new home construction is falling

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    Housing Bubble, 10 Overvalued Cities

    Housing Bubble, 10 Overvalued Cities

    February 18, 2022
    Karma Developers and Real Estate launch the exclusive investment opportunities in the UK.

    Karma Developers and Real Estate launch the exclusive investment opportunities in the UK.

    July 9, 2022
    How the ice storm impacted Austin’s real estate market

    How the ice storm impacted Austin’s real estate market

    February 12, 2023
  • The Real Estate Market Has Officially Closed on Opendoor
    Real Estate News

    The Real Estate Market Has Officially Closed on Opendoor

    March 7, 2023 /

    The COVID-19 pandemic delivered a generational catalyst for the U.S. housing sector. Median dwelling prices soared over 40{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in significantly less than two yrs as document-low fascination prices drove the price of financing a home to new lows and work-from-any place guidelines permitted extra younger adults to transfer absent from downtown city areas. Now home loan premiums are soaring, creating housing charges to stagnate and even decrease in many regions around the region. A person business experience the brunt of this slowdown is Opendoor (Open -3.92{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}), an online property flipper. The firm’s gain margins are deteriorating owing to declining house rates and weak acquisition choices more than the very last…

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    Jerry Schmidt Comments Off on The Real Estate Market Has Officially Closed on Opendoor

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    Is Real Estate a Good Career? a Laid Off, Houston Anchor Closed $28 Million As a New Realtor

    Is Real Estate a Good Career? a Laid Off, Houston Anchor Closed $28 Million As a New Realtor

    February 24, 2023
    Housing prices could fall by 20{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in 183 cities, new data shows

    Housing prices could fall by 20{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in 183 cities, new data shows

    August 27, 2022

    Experts predict the Bay Area real estate market in 2022

    December 31, 2021
  • Commercial real estate continues to get pummeled
    Real Estate News

    Commercial real estate continues to get pummeled

    March 6, 2023 /

    Industrial serious estate continued to acquire it on the chin previous 7 days, and brokerages are preparing for even rougher instances ahead.  CBRE, JLL, Colliers and Cushman Wakefield, among others, are shifting forward with value-cutting steps, which includes layoffs as house gross sales and leasing consume into their earnings. Symbolic of the rough situations, the iconic — but vacant — Flatiron Creating is heading to auction scheduled by a New York state judge for March 22.  Sorgente Group, Jeffrey Gural’s GFP Genuine Estate and Abdominal muscles Serious Estate Associates, which owns 75 p.c of the constructing at 175 Fifth Avenue, sued in 2021 to seek a partition sale just after…

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    Jerry Schmidt Comments Off on Commercial real estate continues to get pummeled

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    How Today’s Housing Market Is Different From Previous Booms and Busts

    How Today’s Housing Market Is Different From Previous Booms and Busts

    May 26, 2022

    Suspect named in killing of prominent real estate developer

    November 11, 2021

    Can My Dog and I Be Forced to Use the Service Elevator?

    January 9, 2022
  • Want to Invest in the Real Estate Market With Less Stress? Try This REIT.
    Investment Property

    Want to Invest in the Real Estate Market With Less Stress? Try This REIT.

    March 6, 2023 /

    Investing in rental authentic estate can be a financially rewarding venture, but it’s not necessarily the most available or passive way to produce profits. To commence, you will need a substantial sum of money for a down payment on a house. Then you have to take care of the house, accomplishing points like advertising and marketing the rental, screening tenants, coordinating repairs, communicating with tenants, keeping the assets, and dealing with evictions if they take place. I have owned rentals and the past and am in no way discouraging traders from pursuing this avenue. Even so, if you don’t have tens of hundreds of pounds to commit in a rental…

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    Jerry Schmidt Comments Off on Want to Invest in the Real Estate Market With Less Stress? Try This REIT.

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    Will the stock market roller coaster drive real estate investment?

    Will the stock market roller coaster drive real estate investment?

    February 20, 2022

    Why Buying Property in These Vacation Destinations Could Be a Great Investment

    January 22, 2022

    ANALYSIS-China’s property woes put prestige global projects in play

    November 1, 2021
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