Technology is rapidly changing the way we do business. Across industries, the transformative effect of disruptive technology is driving change towards a more immersive, data-driven approach in various aspects of business in most organizations. Machine Learning (ML) and Artificial Intelligence (AI) are helping businesses across various industries harness the present and forge a determined future for...
If you’re a first-time homebuyer, buying a home is an exciting time in your life — not to mention a little anxiety-inducing. But after touring dozens of homes and finally finding “the house,” you’re ready to make an offer. Before you do, take time to consider all the potential risks and home-buying contingencies that will help protect you as a buyer. Such as being able to back out of your offer...
The pandemic has affected our lives in countless ways, but a shift in workplace habits is among the most notable. The pandemic has forced millions of workers into their homes, taking away their commutes, their routines, and, of course, their offices. In fact, having a home office is one of the most popular home trends on the market right now and homes with a home office are currently seen in 9% more...
Stella Guan spent months searching for a home to buy, getting outbid again and again in the white-hot real-estate market of the Los Angeles suburbs. Finally, her offer on a “beautiful” Santa Clarita house was accepted in August, she said. The graphic designer, 30, paid roughly $600,000 for the house. But after sleeping there for only a few nights, she had an unfortunate realization. “I was like...
A home in Palm Beach, Florida has sold for $132 million, making it the second highest-priced single-family home on record for the U.S. The buyer was Scott Shleifer, cofounder of private equity investing arm of Tiger Global Management. The 21,000-square-foot house had been on the market a few weeks ago with an asking price of $140 million, and despite the slight price reduction, it still comes close to...
More house hunters—particularly move-up buyers—are being drawn to new-home construction in the COVID-19 pandemic, so much so that it’s driving a surge in construction across the country. Single-family starts ended 2020 with the best year in home building since the Great Recession, and 11% higher than 2019. Ultra-low mortgage rates and a shift in housing preferences—including a growing demand for...
Forty-one percent of Americans have moved for love, with men more willing to relocate than women for their significant other, a new survey of 1,550 Americans from LendingTree finds. The top five states for a romance relocation, the survey finds, are: Florida (11%), California (10%), New York (7%), Texas (6%), and North Carolina (5%). But not all of these moves for love have happy endings, the survey...
A quarter of Americans say the pandemic has changed their housing preferences, according to a newly released survey of about 3,000 recent home shoppers and buyers conducted last summer by the National Association of Home Builders. Growing demand for more square footage—particularly popular among those who work remotely—as well as home offices, touchless home entry, mudrooms, and flexible space are...
If you’re a first-time homebuyer, you might find yourself intimidated at the prospect of applying for a mortgage. You understand there’s a lot of paperwork to wade through, and you may also fear that you might be denied a home loan, which could dash your dreams of homeownership. However, the more you know about the process the better equipped you will be when it’s time to apply for a home...
Recent history has shown that the way for organizations in every industry to stay relevant in the marketplace is through disruptive innovation. To this end, smart leaders in real estate are leveraging emerging technologies while others avoid new tools. Unfortunately, even if they don’t look for ways to disrupt, disruption may still find them: Reluctance to adopt new technology can stand in the way of...
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