4 Things People Say About Selling a Home Today That Just Aren’t True

You've probably heard the stories: your next-door neighbors sold their fixer-upper for $100,000 more than the asking price. Alternatively, your friends' house was inundated with crazy homebuyers involved in a bidding battle within 24 hours of going on the market. It's no secret that today's seller's market is crazier and more competitive than it's been in years, stoking sellers' dreams of making big...

15 Things Prospective Real Estate Buyers Need To Beware Of Right Now

"Let the buyer beware." This warning continues to alert consumers to the dangers of a variety of items. It is critical for real estate buyers, though, because there are a lot of elements that can turn a dream purchase into a nightmare. While there is a lot of advice out there on this subject, there are a few crucial points that consumers should bear in mind. To that aim, 15 members of the Forbes Real...

Housing Market Update: Balance is Slowly Returning as Homebuying Demand Moderates

Nearly 5% of listings saw price drops, the highest level since 2019. Homeowners are increasingly recognizing that the home market has cooled. For the fifteenth week in a row, the percentage of properties for sale with a price reduction increased to 4.9 percent, the highest level since 2019. Buyers may also note that homes are sitting on the market for longer—an average of 17 days—as more homeowners...

What is being disrupted in the real estate community now?

It can be difficult to even summarize the collective disruptive technologies bursting forth in the real estate community in this most extraordinary of real estate environments, where, according to both the Wall Street Journal and the Financial Times, U.S. residential real estate prices have grown by roughly 25% in some cities in just one year. Contextualizing change in the increasingly online real...

5 ways technology can increase profitability for real estate developers

Real estate is one of the few sectors that has consistently provided investors with reasonable returns over a lengthy period of time. The sector hardly has pockets that have given negative returns in the long term. However, real estate developers and builders have always experienced cash flow issues and hurdles. Despite the government's best efforts, the sector remains unorganized, which contributes to...

Real Estate commissions surpass record $100 billion amid sales boom

The hot U.S. housing market is poised to deliver an excellent year for real estate agents. According to a new analysis by Knock, a property-technology company that lends customers money to buy a new home while also helping them sell their old one — commission revenue, the cut that brokers get for helping people buy and sell homes — is on track to increase 16 percent in 2021, surpassing $100 billion...

How new PropTech for Smart Buildings is being used in Real Estate

The majority of commercial real estate (CRE) firms still rely on human data collection and confirmation to manage building temperature, layout, and maintenance schedules. Until recently, smart office technology was only accessible to huge real estate corporations with millions of dollars in the bank. For most building owners and site managers, IoT has proven excessively difficult and expensive....

Pending Home Sales Surge Higher, but Economists Warn That the Housing Market Could ‘Soon Hit Bottom’

The numbers: More Americans signed on the dotted line to buy a home last month, but the factors that have tested the nation’s housing market are likely to eat into sales in the months to come. Pending home sales rose 8% in May compared with April, the National Association of Realtors reported Wednesday. Economists polled by MarketWatch had projected a 1% decrease for pending home sales in...

Could Blockchain Technology Allow Small-Scale Investors to Get in the Real Estate Game?

What if anybody could invest in real estate and profit in the same way as investment sharks do? AcreageWay has set out to achieve this goal by developing a blockchain-based platform for small-scale investors to participate in fractionalized real estate. This is one of the first platforms in Canada to welcome non-traditional investors who want to invest in real estate in the same way they do with...

4 Emerging Trends in Real Estate Tech

Innovations in real estate technology have the potential to automate the business and sales process for real estate agents and free up time that could be spent on more high-value activities, said Jeff Turner, entrepreneur in residence at Second Century Ventures, a venture capital fund focused on innovation in real estate technology. Turner presented four emerging technology trends that he sees having a...

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