Where the Housing Market Is Going in 2022 As Told by 7 Leading Forecast Models A perfect storm. That’s the best way to describe the red-hot housing market we’ve seen from coast-to-coast during the pandemic. It was spurred by a combination of recession-induced low mortgage rates, remote work allowing buyers to sprawl further away from […]
Zillow’s home-buying debacle shows how hard it is to use AI to value real estate In February, Zillow appeared so confident in its ability to use artificial intelligence to estimate the value of homes that it announced a new option: for certain homes, its so-called “Zestimate” would also represent an initial cash offer from the company to purchase […]
Why Is the U.S. Housing Market So Out of Whack? What Homebuyers Need To Know Right Now There’s never been a housing market quite like this before. Today’s real estate agents are pulling double duty as therapists, consoling heartbroken homebuyers who lost out on their fifth-or 15th-home. First-time homebuyers around the country are being outbid […]
Will The Housing Market Cool Off This Fall? Today’s hot housing market is one of the peculiar outcrops of the pandemic. Housing supply was already low before Covid-19, but it was further hampered as lockdowns took place and people began looking for new homes, driven by a host of reasons-from the desire to leave populated […]
Foreign Buyers Spent $20 Billion Less on U.S. Real Estate Travel restrictions associated with the coronavirus kept many foreign would-be buyers out of the U.S. last year – and that kept billions of their dollars out of the housing market. Home purchases by international buyers and recent immigrants plummeted 33% from the previous year, according to […]
Why You Need To Know About ‘Pocket Listings’ in an Increasingly Competitive Real Estate Market Some of the most exclusive real estate properties never hit the open market. Instead, sellers will only solicit offers from a select group of buyers through what’s known as a “pocket listing.” This practice is nothing new. But in a […]
Luxury Home Sales Soar, Even Helping Houses That Languished on the Market for Months Americans looking to buy a home have struggled with bidding wars and a limited number of houses for sale. But one area of the cutthroat real estate landscape is improving. It’s the luxury segment, where listings are up and homes are selling […]
Buyers Expect the House Hunt to Get Easier Thirty-three percent of prospective buyers recently surveyed are hopeful that it will be easier to find a home over the coming months-an improvement from 25% who said so a year ago, according to the latest Housing Trends Report, produced by the National Association of Home Builders. Still, […]
Millennials are Ready to Take Over the Real Estate Market Over the last several years, millennials have rented to stay nimble and keep work opportunities open. Now, they’re ready to buy. Why it matters? About 4.8 million millennials are turning 30 in 2021, and many are expected to enter the home-buying game if they haven’t […]
What Will Real Estate Look Like In 2021? Chances are, you, or someone you know, has bought or sold a house in the last 10 months. No matter if you are moving across the street or across the country, it’s all part of a record-setting real estate boom. Triggered by job and financial changes, the […]
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