The city Amazon selects for its second headquarters, known as HQ2, will likely see an immediate hike in home prices and a new-construction boom in areas within commuting distance of the new campus, says Javier Vivas, director of economic research for realtor.com®. Amazon, which announced the list of 20 finalists under consideration for HQ2, is expected to also invest $5 billion in the local economy of the winning city and create 50,000 high-pa
With scammers increasingly targeting real estate transactions, the National Association of REALTORS® is teaming up with the FBI and brokerage Realty Executives International to educate the industry on how to identify and help clients avoid wire fraud schemes. A particular cause for concern is hackers who send fake emails to home buyers on the cusp of closing on a property purchase, providing bogus wiring instructions. Hundreds of millions of dol
Meanwhile homeowners could see property values riseThe city eventually chosen by Amazon to host the tech and e-commerce giant’s second U.S. headquarters will benefit from an influx of 50,000 new jobs and $5 billion in direct investment — but its apartment dwellers could feel the squeeze from higher rent, according to a new study by Apartment List.Over the next decade, rent in mid-market cities like Raleigh, Indianapolis and Columbus, Ohio,
Firmware upgrade speeds up camera rotation to improve time-to-tourHave suggestions for products that you’d like to see reviewed by our real estate technology expert? Email Craig Rowe.Matterport has announced that a recent firmware upgrade has reduced the amount of time it takes to capture footage when creating an immersive 3-D listing tour.The firmware update increases the speed at which the camera rotates, allowing more square footage to be s
Amazon has narrowed its choices for the home base of its second headquarters, known as HQ2, down to 20 cities, and the stakes are huge. The winning city will garner up to 50,000 new high-paying jobs as well as a promise from Amazon to invest $5 billion in the local economy. In total, 238 cities and regions submitted applications to Amazon, promising tax breaks and other incentives to lure the online giant.“Amazon’s decision on where it will l
If you’ve set up automated replies to prospect inquiries online, you may be saving time—but turning off potential customers. Only 14 percent of consumers say they will respond to a message they perceive to be automated, while the rest say they’ll ignore it and move on to another service or professional, according to a new white paper produced by Move Inc.’s Realsuite business solution platform for real estate professionals.The vast majori
Fewer new homes entered the construction pipeline at the end of 2017, further depressing already low inventory levels in many markets. Housing starts across the country dropped 8.2 percent month over month in December to a seasonally adjusted annual rate of 1.19 million units, the Commerce Department reported Thursday. National Association of REALTORS® Chief Economist Lawrence Yun called the decline “disappointing” but expressed optimism for
In a lawsuit filed this week, a New Jersey brokerage is accusing Zillow of hiding its “Zestimate” home valuation tool on certain residential listings at the request of brokers who have special contracts with the site. The brokerage, EJ MGT, says Zillow’s actions violate federal antitrust laws.The case stems from a listing the brokerage had in Cresskill, N.J., that appeared on Zillow. The eight-bedroom, 10-bathroom home was listed for just u
Efficiency is the key to earning 30 listings in 30 daysWe all know that listings are essential to success. Increasing the number of listings you collect each month allows for more possibilities for your business, and it’s the most direct way to improve your real estate productivity.The keys to achieving an increase in your listings are improving your branding, productivity and finding a niche. Your goal in the real estate market should always
Learn more about current trends and how to tap them to expand your businessThe booming real estate industry is the healthiest it’s been in the last 30 years with home sales and prices near where they were during the housing boom — and there’s none of the drama involved due to a more stable economy. So what’s in store as the industry looks ahead to the year to come?Sales and interest rates will likely increaseThe National Association of Re
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