Selling a home “as is” sounds simple enough, right? A buyer can conduct whatever inspections or due diligence they want, but the seller is not going to make any repairs. The buyer can either take it or leave it. The property is what it is. Or is it? This is where confusion and misunderstandings can […]
Perhaps it is time for the U.S. Department of Justice to take another look at the monopoly power of the MLSs. It has been just under 10 years since NAR settled with the Justice Department for their lawsuit regarding “obstructing real estate brokers who use innovative internet-based tools to offer better services and lower costs […]
Imagine you’re a brand-new real estate agent. You’ve passed your test, you’ve found your brokerage and you’re ready to get down to the business of selling houses. Now answer this question: Should you spend the bulk of your time cultivating relationships with people already in your network, or should you try to cast as wide […]
Have suggestions for products that you’d like to see reviewed by our real estate technology expert? Email Craig Rowe. How Is The Market is market analytics and trends reporting tool for agents and their clients. Platforms: Browser-based Ideal for: All agents Top selling points A new way to support listing price recommendations Uses existing MLS […]
We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Wednesday, May 24 Black Knight’s First Look at April 2017 Mortgage Data First-lien mortgage delinquencies rose by 13 percent, the largest monthly increase since November 2008 Month-over-month, the number of borrowers past due on mortgage payments […]
A real estate agent based in Reno told me today that she has clients who are so traumatized by the severity of the last crash that they will not buy now out of fear Reno is in another housing bubble. She asked for help putting together information that will help people see there is little risk of […]
In 2009, Netflix gave $1 million to BellKor’s Pragmatic Chaos technology team for building a better movie rating prediction algorithm (to the tune of 10.06 percent) than the one Netflix had been using. It appears that 2017 is the year Zillow follows in the media platform’s footsteps; the company just announced Zillow Prize, which will […]
The March 2017 existing-home sales numbers from the National Association of Realtors (NAR) contained some hope that maybe (maybe!) inventory was about to normalize, with sales reaching their fastest seasonally adjusted annualized growth pace since February 2007. That hope was dashed with the release of NAR’s April numbers. Sales fell 2.3 percent from March’s rate, […]
A family of homebuilders is suing Zillow Group over the Zestimate. The suit, which is seeking class-action status, alleges that Zestimates are illegal appraisals and violate consumer protection laws by pressuring sellers seeking clarity on their home’s value to hire brokers, among other reasons. The attorney representing the family, Barbara Andersen, had sued Zillow Group over her […]
Today, Zillow launched a pilot program in two cities — Las Vegas and Orlando, Florida — called “Zillow Instant Offers,” with the promise that a home sale transaction can be completed in as little as a week. The new Zillow product allows prospective homesellers to receive all-cash offers from a hand-selected group of 15 large […]
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