Or Realtors Charge Less than big tech and sell homes for more money Over the last few years the traditional real estate industry has been under attack from dozens of Tech companies sure they can “add value” by cutting out the real estate agent or at least by cutting out a portion of the commission. Zillow failed and stopped buying homes. The behemoth lost approximately $25,000 on each home sold. OpenDoor was just fined $62,000,000 for false and misleading advertising by the FTC; basically … [Read more...]
Why Today’s Housing Inventory Proves the Market Isn’t Headed for a Crash
Whether or not you owned a home in 2008, you likely remember the housing crash that took place back then. And news about an economic slowdown happening today may bring all those concerns back to the surface. While those feelings are understandable, data can help reassure you the situation today is nothing like it was in 2008. One of the key reasons why the market won’t crash this time is the current undersupply of inventory. Housing supply comes from three key places: Current homeowners … [Read more...]
What Sellers Need To Know in Today’s Housing Market
If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market. Here’s why. As Lawrence Yun, Chief Economist at … [Read more...]
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