Luxury buyers pulled the American real estate market out of the post-2008 recession, says Coldwell Banker president and CEO Charlie Young, and in many cases it was international consumers leading the way.Now, more Americans are making their presence felt in the national luxury market, but having a global reach and good communication channels across international lines is […]
Purchases of vacation homes plummeted for the second straight year in 2016, as price growth and financial uncertainty crimped demand, the National Association of Realtors (NAR) reported in its 2017 Investor and Vacation Home Buyer Survey. Yet investment home sales rose over the same period, with investors using financing more often and renting out more of their properties […]
You’re in the listing presentation, showing your potential clients the comparable listings in their neighborhood and making a recommendation about price, and it comes — the statement you’ve been dreading: “But Zillow’s Zestimate puts our house at $X higher than that price.”Clearly these sellers didn’t read the company’s own fine print on its value calculation mechanism — so […]
Applying for a mortgage remains one of the most painful parts of buying a home, so large lenders are investing heavily in technology to simplify the process.That’s left their smaller competitors on edge, worried that companies such as QuickenLoans or LoanDepot “are going to eat their lunch,” said Andy Taylor, former director of product at high-tech brokerage Redfin.Taylor founded Approved to help these companies neutralize […]
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