The Future of Real Estate and Technology

The Future of Real Estate and Technology

Real Estate

Auction.com 0

By Joel Cone, Special to Auction.com This is the third in a three-part series on the impact technology is having on the real estate industry. Read the previous installments, “How the Internet Changed The Real Estate Industry Forever,” and “The Changing Role of the Real Estate Agent in a Technology-Driven World.” Over the last two decades, technology has had a profound effect on the way real estate information is analyzed and disseminated. But while the information delivery vehicle has changed—with […]

Read More
Auction.com Nowcast

May 2015 NAR Sales and Price Nowcast

Real Estate

Auction.com 0

By Dr. Peter Muoio, Chief Economist The National Association of Realtors (NAR) released March existing home sales and median existing home price data for April today and the key takeaways are: sales remain within the 5.1 million annual rate range where they have bounced around since mid-2014. However, prices are marching strongly upward. Sales in April were at a 5.04 million annual rate according to NAR, down 3.3% from the March pop in sales. But with the pop in sales, […]

Read More
shutterstock_60795097

The Changing Role of the Real Estate Agent in a Technology-Driven World

Real Estate

Auction.com 0

By Joel Cone, Special to Auction.com This is the second in a three-part series exploring the impact of technology on the real estate industry. Click here to read Part I: “How the Internet Changed the Real Estate Industry Forever.” The Internet has forced the real estate industry into a paradigm shift—one that’s changed the fundamental way business is done. Transparency has become the rallying cry of the high-tech generation. Consumers can access information that was previously the sole domain of […]

Read More
HousingRoundup

April Housing Round-Up: U.S. Housing Market Shows a Spring in Its Step

Real Estate

Matthew Schreck 1

By Matthew Schreck, Quantitative Research Analyst, Auction.com Research A significant jump in existing-home sales propelled the overall U.S. housing market forward in March, despite a modest contraction in new-home sales on the heels of their spike in February. Median existing-home price growth, according to the National Association of Realtors® (NAR®), also surged 7.8% from a year ago to $212,100, and inventory conditions loosened from a month ago. As we transition to spring, current housing indicators offer more room for optimism. […]

Read More
internet and real estate

How the Internet Changed the Real Estate Industry Forever

Real Estate

Auction.com 2

By Joel Cone, Special to Auction.com This is the first of a three-part series exploring the evolution of, and adoption of, technology in the real estate industry. From the MLS to personal networks, the real estate industry thrives on the timely dissemination of information. Until recently, real estate professionals were the exclusive custodians of that information, and they held it close to the vest so that prospective buyers and sellers had to seek them out. But the Internet changed everything. […]

Read More
office buildings

US Commercial Real Estate Setting the Global Pace

Real Estate

Auction.com 0

By William Travers, Senior Quantitative Strategist, Auction.com Research The US has re-gained the title as the largest commercial real estate market according to a recent global report by Cushman & Wakefield. The C&W report cites that global real estate investment fell in 2014 for the first time in five years, dropping 6.3% to $1.21 trillion, although this drop in global sales volume is primarily attributed to a significant decline in Chinese land sales. Going forward, C&W projects global real estate […]

Read More
Auction.com Nowcast

March Home Sales and Prices Should Continue to Inch Ahead on the Heels of February Growth

Real Estate

Auction.com 1

By Peter Muoio, Chief Economist, Auction.com Research The National Association of Realtors (NAR) reported that existing home sales increased slightly to 4.88 million in February, inside the range of 4.87 to 5.19 million that the Auction.com nowcast predicted one month ago.  At the same time, the NAR reported an increase in existing home prices to $202,600 in February, nearly spot on with the Auction.com nowcast prediction one month ago.  Existing home prices are now up 7.5% from their year-ago level. […]

Read More
Las Vegas nighttime panorama

Following An Epic Collapse, Las Vegas’ Bright Lights are Shining Once Again

Real Estate

Auction.com 0

By Philip Stern, Research Analyst, Auction.com Research As the housing rebound continues to take shape nationwide, the southern states and metropolitan areas that were affected most during the recession are emerging at the forefront of the recovery as their local economies surge. Nevada is near the front of the pack in terms of state population growth, according to our recently released 2014 State Population Growth Report, which highlights key population trends over the past five years. Nevada ranked second among […]

Read More
Houston_night

Spotlight on Houston’s Economy and Oil [Infographic]

Real Estate

Auction.com 0

By Auction.com Research Houston’s economy and real estate markets have been among the strongest performing of all US metros in recent years. However, oil prices have crumbled since mid-summer and Houston’s energy intensive economy is due to follow in the near future. Historically, oil busts have preceded major declines in employment and commercial real estate valuations in Houston, most notably in the mid-1980s, 1998-1999 and the recent recession. Despite some talk of more economic diversification in Houston this time around, […]

Read More
china-real-estate

Top Four Reasons Chinese Buyers Invest in U.S. Real Estate

Real Estate

David Thompson 0

By David Thompson, Chief Marketing Officer Last week while in Hong Kong, I had an amazing meeting with Simon Henry, the co-founder of Juwai.com, the largest news and listings site for Chinese investors to find real estate around the world. Juwai’s property portal helps Chinese mainlanders or expats search for properties, learn about real estate investing and specific market data all in traditional or simplified Chinese. Simon’s company has researched why Chinese buyers invest abroad and found the main reasons […]

Read More