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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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    I’m the chief economist of Redfin. 5 things to know about the housing market now

    I’m the chief economist of Redfin. 5 things to know about the housing market now

    June 2, 2022
    Housing market slump gives homebuilders no choice but to offer aggressive mortgage rate buydowns

    Housing market slump gives homebuilders no choice but to offer aggressive mortgage rate buydowns

    January 31, 2023
    ‘Home price appreciation will normalize.’ What 5 economists and real estate pros predict will happen to home prices in 2022

    ‘Home price appreciation will normalize.’ What 5 economists and real estate pros predict will happen to home prices in 2022

    March 15, 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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    MV Realty sued: Pennsylvania Attorney General Josh Shapiro says real estate company is misleading homeowners

    MV Realty sued: Pennsylvania Attorney General Josh Shapiro says real estate company is misleading homeowners

    December 15, 2022
    10 cities where home prices are being slashed as housing market cools

    10 cities where home prices are being slashed as housing market cools

    July 29, 2022

    2 metro-area real estate agents convicted in mortgage fraud conspiracy

    January 24, 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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    Bill Gates Hit By Housing Market Swoon? Billionaire Reportedly Lists Daughter’s Apartment At Discount

    Bill Gates Hit By Housing Market Swoon? Billionaire Reportedly Lists Daughter’s Apartment At Discount

    December 26, 2022

    Downtown Mountain View housing project moves ahead with property deals

    December 21, 2021
    Zillow ranks Cleveland second hottest real estate market in the U.S. for 2023

    Zillow ranks Cleveland second hottest real estate market in the U.S. for 2023

    February 3, 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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    Why real estate is plummeting, but not everywhere.

    Why real estate is plummeting, but not everywhere.

    October 28, 2022
    Do you live in a coveted Staten Island neighborhood? New real estate stats disclose which towns are most popular.

    Do you live in a coveted Staten Island neighborhood? New real estate stats disclose which towns are most popular.

    September 16, 2022
    Housing market “pushed to the limit” as mortgage rates jump, sales slump

    Housing market “pushed to the limit” as mortgage rates jump, sales slump

    July 30, 2022
  • 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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    Blackstone’s new real estate play: the rent-to-buy market

    January 19, 2022
    How to Negotiate Your Rent (Which Is Probably Going Up)

    How to Negotiate Your Rent (Which Is Probably Going Up)

    March 7, 2022
    Is the housing market about to crash? Here’s what experts say

    Is the housing market about to crash? Here’s what experts say

    February 5, 2023
  • 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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    Should I Buy REITs in My Roth IRA?

    Should I Buy REITs in My Roth IRA?

    March 5, 2023

    Growing Your Investment Property Portfolio by Dave Sweyer

    February 11, 2022
    Managing A Rental Property Within An HOA Community by Dave Sweyer

    Managing A Rental Property Within An HOA Community by Dave Sweyer

    March 21, 2022
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