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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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    Trilogy Real Estate Group Hires Omar Limon as Regional Vice President, Internal Sales

    Trilogy Real Estate Group Hires Omar Limon as Regional Vice President, Internal Sales

    April 5, 2022
    Five Challenges Facing Investors Today

    Five Challenges Facing Investors Today

    March 31, 2022

    Kaisa Group, another Chinese real estate developer, is in serious trouble

    November 6, 2021
  • Real estate: US homeowners have lost $2.3 trillion since June: Redfin data
    Real Estate News

    Real estate: US homeowners have lost $2.3 trillion since June: Redfin data

    February 26, 2023 /

    U.S. property owners have misplaced $2.3 trillion due to the fact June, in accordance to a new report from the true-estate brokerage Redfin. The full value of U.S. homes was $45.3 trillion at the finish of 2022, down 4.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from a document superior of $47.7 trillion in June. That figure signifies the most significant June-to-December proportion decrease given that 2008. The report arrives amid increased home loan charges as the Fed attempts to curb inflation. The 30-year fastened mortgage fee sat at 6.36{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in December, about twice what it was at the commence of 2022. Even though charges fell in early February, they have since risen again to December amounts…

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    Jerry Schmidt Comments Off on Real estate: US homeowners have lost $2.3 trillion since June: Redfin data

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    The $300m flip flop: how real-estate site Zillow’s side hustle went badly wrong | Real estate

    November 7, 2021

    From real estate to inflation, here’s what to expect from the economy in 2022

    December 28, 2021
    4 changes in Triangle real estate market

    4 changes in Triangle real estate market

    September 4, 2022
  • Investors are pulling back from the housing market, Redfin says
    Real Estate News

    Investors are pulling back from the housing market, Redfin says

    February 17, 2023 /

    Traders are slinking away from the serious-estate current market as property-selling price growth slows and the possibility of value drops seems on the horizon. The last time trader purchases dropped so considerably was in 2008, throughout the subprime house loan crisis, when they fell 45.1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}, Redfin explained. In the fourth quarter of 2021, buyers acquired 89,396 houses in metropolitan regions tracked by Redfin. In the fourth quarter of 2022, investors only acquired 48,445 properties in those regions. The overall drop in mortgage charges and a feasible bottoming-out of home prices may lure investors back again into the industry, but “it’s unlikely that investors will return with the exact same vigor…

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    Jerry Schmidt Comments Off on Investors are pulling back from the housing market, Redfin says

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    Why real estate is plummeting, but not everywhere.

    Why real estate is plummeting, but not everywhere.

    October 28, 2022
    Tech layoffs slow Bay Area housing market as home prices fall

    Tech layoffs slow Bay Area housing market as home prices fall

    November 19, 2022
    Vesta Equity launches real estate-backed NFT platform on Algorand

    Vesta Equity launches real estate-backed NFT platform on Algorand

    February 16, 2022
  • Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry
    Real Estate News

    Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry

    January 9, 2023 /

    The actual-estate sector is in disaster amid the housing downturn. Be expecting additional agony to come prior to factors commence to normalize, one housing chief claims. But he added a caveat: “I do believe it’ll be very good for the market.” Through the pandemic a long time of 2020 and 2021, quite a few Americans jumped into the actual-estate field, Kelman recounted, so a lot of that “we experienced much more actual-estate brokers than listings by 2021.” At this level, there are about million-and-a-fifty percent realtors striving to market around about five million households, meaning that they’re only doing five or six offers a year, which “isn’t a effective, fulfilling…

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    Jerry Schmidt Comments Off on Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry

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    Online & On the market: Ahmed Elbatrawy sells these 3 real estate software solutions

    Online & On the market: Ahmed Elbatrawy sells these 3 real estate software solutions

    March 7, 2022
    Commercial real estate continues to get pummeled

    Commercial real estate continues to get pummeled

    March 6, 2023
    Real estate experts explain how to navigate the market

    Real estate experts explain how to navigate the market

    October 29, 2022
  • Seattle is America’s fastest-cooling housing market, Redfin says
    Real Estate News

    Seattle is America’s fastest-cooling housing market, Redfin says

    September 24, 2022 /

    The Seattle-place housing marketplace cooled faster in recent months than any other location in the place, highlighting the squeeze rising curiosity premiums are putting on an high priced marketplace. That evaluation will come from Seattle-based mostly brokerage Redfin, which ranked U.S. metro places primarily based on how rapidly their housing markets are slowing down. The 10 quickest-cooling markets include extensive-dear regions, these kinds of as Seattle and San Diego, as well as metropolitan areas like Phoenix that saw a big influx of new residents all through the pandemic.  “These are all places wherever homebuyers are sensation the sting of mounting household rates, increased property finance loan premiums and inflation really…

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    Jerry Schmidt Comments Off on Seattle is America’s fastest-cooling housing market, Redfin says

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    DENVER REAL ESTATE: The impact of Mike Shanahan’s home sale

    November 1, 2021
    Ohio home’s unusual real estate listing includes two jail cells

    Ohio home’s unusual real estate listing includes two jail cells

    July 21, 2022
    Three reasons why Barbara Corcoran says this housing market is best of her lifetime

    Three reasons why Barbara Corcoran says this housing market is best of her lifetime

    March 27, 2022
  • I’m the chief economist of Redfin. 5 things to know about the housing market now
    Real Estate News

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

    June 2, 2022 /

    Redfin main economist Daryl Fairweather shares her feelings and predictions on the housing industry. Peak dwelling-obtaining period is in full swing, and lots of aspiring consumers are asking yourself: What need to I know about the housing market place if want to buy? After all, interest fees have been soaring, with some pros declaring that pattern will go on (see the cheapest home loan fees you can qualify for below) household prices preserve climbing and there are not plenty of properties on the sector to meet buyers’ need. So we questioned Daryl Fairweather — Redfin’s main economist, who also labored at the Boston Fed studying why householders enter foreclosure —…

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    Jerry Schmidt Comments Off on I’m the chief economist of Redfin. 5 things to know about the housing market now

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    Is the Phoenix housing market cooling off?

    Is the Phoenix housing market cooling off?

    July 26, 2022
    Chainlink set to power Latin American real estate platform

    Chainlink set to power Latin American real estate platform

    May 5, 2022
    Gary Keller: It’s A Do-Or-Die Housing Market For Real Estate Agents

    Gary Keller: It’s A Do-Or-Die Housing Market For Real Estate Agents

    February 23, 2023
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