35 Burst results for "Redfin"

"redfin" Discussed on Southern California Real Estate Report

Southern California Real Estate Report

03:49 min | 7 months ago

"redfin" Discussed on Southern California Real Estate Report

"What their mark to market was on these assets. It's going to be very interesting to follow this because my guess is think about when they were buying these. They were buying these February March, April, you know, all the way into the summer when prices were astronomically high. So now you're going to definitely be selling these at somewhat of a loss. And so that's not going to look real good on your financial statement. So this is interesting, interesting stuff to follow. Certainly, we're going to see a little bit more of this, you know, every week we keep hearing about the tech world, meta just laid off a bunch of people, red fins laying off a lot of people. The tech world we're probably going to see a lot of layoffs happen in California is obviously very heavily vested in tech employers. And so this will be interesting to see how this does affect the housing market. The other thing that's going to be interesting is I'm wondering where a lot of this Redfin inventory is. You know, I can tell you it ain't la Jolla or del mar or places like that. So if these are in somewhat questionable areas, because who are the people in California that are going to do unload my house for a quick cash offer in bail. You know, it's going to be in areas where there's already issues with the property. Right. So it'll be interesting to see what those properties are. And how that ends up unwinding. But this is one of the probably the many kind of casualties that we're going to see in the real estate market because of these high interest rates. The next thing in my prediction that's going to come is probably in the first quarter. You're going to see a lot of the larger mortgage guys start laying people off. That's coming. It's probably coming next month, really. And you'll probably see a lot of the banks and they'll start unwinding some of their real estate related desks and things like that. So this is usually kind of the beginning. We'll continue to keep track of this stuff. I think that we're going to find that the real estate market here, at least in San Diego, is going to probably hold to this test. We have still just remarkably low vacancy. Like I said, there's just there's a total lack of supply in our market for the amount of demand for all the people that are moving here. It's crazy. I agree. And so we'll see how that goes. These big projects that we've talked about in previous podcasts like the one we did last week about seaport village. Some of the projects that we talked about in that, some of those apartment projects, the absorption and these new buildings that get built. It'll be very interesting to see how these apartments fill up and what the lease ups are like. Yeah, we said it before and for some reason, we've been wrong in the past. Class a buildings are still very popular in San Diego. And I think they're going to, there's still a need. So we'll see. You're right about that. We thought after the pandemic that the class a staff was going to get hit kind of hard. And it bounced back amazingly well.

California la Jolla San Diego
"redfin" Discussed on Southern California Real Estate Report

Southern California Real Estate Report

03:21 min | 7 months ago

"redfin" Discussed on Southern California Real Estate Report

"So I would say if you're somebody who's pretty astute and you're looking around for some real estate deals, Redfin's dealing. So you should definitely get familiar with the red finned inventory right now, especially if you're an investor that's interested in SFR. Because that's all they own. They don't own anything else. They don't have any multi-family or anything like that. They're purely in the single-family space. But they are going to have to unload that real estate. And they are going to take deals because there's no way you're going to get out of that in that shorter period of time with that kind of inventory. It's weird. Even though there's a shortage of inventory in our market, just what we've noticed in our office is that the transaction volume has come to literally a crawl. Right. Huge quarrel. And people aren't listing their homes. I feel like that's another thing to really consider. Is that people are, I think, oh, well, I'm kind of stuck. Yeah. Can't go anywhere. Can't afford anything else. I'm stuck. I feel the same way. I was having a conversation with my husband. We're talking about how we're going to invest more money into making our home just a little bit more comfortable for us because we're not going to sell anytime soon. We're here for here for a little longer. Yeah, I mean, we were originally on the 5 year plan to upgrade our home. But nope. Not right now. Yeah, I think everyone is feeling that way as well. I'm going to finish off some last kind of improvements that I want to do to my house as well, like outside stuff. Just to have it in a place where if I did want to sell it, I could quickly, not that I want to sell it quickly and what would I replace it with? Exactly. And that's the thing. You know, the hard thing is, I think, I think these guys at Redfin and one of the things that we've seen a lot of is so a lot of the tech world kind of approaches real estate from this sort of place of what I think is kind of arrogant where they're like, oh yeah, we can just take these widgets and scale them and just sell them real fast and buy and flip and do things like that. But no one has really been successful. Zillow has been a total failure in that space. Redfin is now finding that trying to time real estate as if it's a commodity or a security or an equity. It's just not easy to do. And it's hard to go into markets too. In a lot of cases, they were what they were doing is just basically doing what wholesalers do, right? So they were sending out mass mailers to people and saying, hey, we'll buy your house for all cash and give you a quick close. But if you're not paying attention and all of a sudden, you bring in $300 million worth of inventory that's just sitting and the market changes. Now this has been unprecedented, but there's always peaks and valleys in every year even. Between the selling season and this season is where you have to hold stuff and things like that. So it's been interesting. So I'll be curious with this when red fins first quarter financials come out and they have to report, I'll be interested to see what they end up selling these assets.

Redfin SFR Zillow
"redfin" Discussed on Southern California Real Estate Report

Southern California Real Estate Report

03:36 min | 7 months ago

"redfin" Discussed on Southern California Real Estate Report

"Today, unless Southern California real estate report, we talk about the I buyer program, made famous by Zillow and red pin. Stay tuned. Thank you. Thank you. Good morning, welcome to Southern California real estate report. This is bob McGuire and Daniel wise coming to you from San Diego, California. We're starting to see more casualties from the Great Recession. Is that what this is? What are we in right now? This is a dollar degree recession. This is not the Great Recession. The Great Recession was 2008, right? This is the new recession, the nouveau. The I don't know what this is. Yeah, this is the new vow, the nouveau interest rate recession for real estate. The weird thing is so it depends on what you're looking at, right? So if you're a supply and demand person, which is kind of how I tend to view real estate and how asset prices are derived, I'm looking at our market and I still see really tight inventory. There is not a lot on the market right now. Redfin for those of you that aren't up to speed on the real estate brokerage world. Redfin is what we would call an I buyer, right? Or they have a division that is nigh buyer. There are direct competitor of Google. Or excuse me, of Zillow. And I was going to say you can Google them and look at them. But anytime you Google and address, you usually are getting a Redfin or a Zillow analysis of that address. Zillow is probably the big one, Redfin is kind of the second one. But Redfin has a brokerage arm too. That's part of it. So they have their information business unit. They have a brokerage business unit. And then they have this I buyer platform. And so they are going to be cutting 13% of their workforce. And they're going to shutter Redfin now, which is their I buyer unit. Just due to real estate. Interest rates going up as high as they have in such a short period of time, they don't feel like that model is really working for their business strategy right now. And so they let go of 862 employees. It amounts to about 13% of their workforce. And they're going to they actually laid off 470 employees in Jan. They have been kind of doing this as rates have been going up. The I buyer platform is kind of interesting. So they're going to start unwinding that. And as part of that unwinding process, what I found that was interesting is right now, it said that they had roughly 265 million dollars in total homes that were either owned or under contract. And they're going to try and reduce that to 85 million by the end of January. So if you have to do that right now, that means you have 265 homes or 265 million in homes in home value to get that down to 85. You're going to pitch through, that's a lot of real estate to unload. In November. Right. I mean, it could not be a worse time to be selling a house. So it's like, and you're going to try and do that by the end of January.

Zillow Redfin bob McGuire Daniel wise Southern California Google San Diego California
Slightly more Americans apply for jobless benefits last week

AP News Radio

00:45 sec | 7 months ago

Slightly more Americans apply for jobless benefits last week

"More Americans applied for jobless benefits last week The Labor Department reports that the number of Americans applying for unemployment benefits was 225,000 the week ending November 5th that's an increase of 7000 from the previous week The total number at the end of October was 1.49 million The jobs market is historically strong in American employers added a healthy 261,000 jobs in October but the unemployment rate rose slightly to 3.7% fed officials have signaled that they need that rate to be at least 4% to slow inflation a threshold that could be met soon Facebook Twitter and Redfin are among the companies that have announced significant layoffs in the past week consumer inflation reached 7.7% in October still high but the smallest year over year gain since January I am Jennifer King

Labor Department FED Redfin Facebook Twitter Jennifer King
Americans filing jobless claims at highest level in 8 months

AP News Radio

00:34 sec | 11 months ago

Americans filing jobless claims at highest level in 8 months

"The number of Americans applying for unemployment benefits last week rose to the highest level in more than 8 months In what could be a sign that the labor market is weakening applications for jobless aid last week rose by 7000 The Labor Department says that pushed the total to 251,000 which is the most since November of last year Although the labor market is still strong there have been some high profile layoffs announced recently by Tesla Netflix carvana Redfin and coinbase I'm Shelley Adler

Labor Department Carvana Redfin Tesla Netflix Shelley Adler
"redfin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:24 min | 1 year ago

"redfin" Discussed on Bloomberg Radio New York

"Well as we watch the fed is you its biggest rate increase since 1994 for all in an effort to restrain rampant inflation it might be too late For the tens of thousands of employees facing layoffs in a slowing economy In the last month we've watched companies across different sectors and announced layoffs crypto FinTech even real estate Tuesday both compass and Redfin announced they were cutting more than 900 jobs combined for more not only these last but the broader real estate market during this downturn I'm joined by Bloomberg's Patrick Clark who covers all of this for us Was it surprising to see these kind of layoffs in the real estate tech business given just how much the real estate market was booming I don't really well I think in January it might have been surprising by March or April as Murray trade started going higher and sales started slowing Less surprising And by the time these companies reported earnings I think in May you know it almost felt inevitable that they were going to need to downsize I mean compass and Redfin Somewhat different businesses but one employees agent says independent contractors that's compass and all their employees are either developers making software for the agents or various types of support staff right from actually employees it's our own agents and there's a different compensation structure And so forth But at a point when there are a lot fewer home sales and a lot less commission revenue coming into the brokerage it feels inevitable that they're going to have to cut staff So we've seen a number of companies tech companies announcing layoffs Robinhood coinbase Reddit just announced more layoffs today But what do these real estate technology companies in particular them announcing layoffs What does it have to say about the housing market Yeah there's just the housing market is slowing And we don't know exactly how long it's going to take Redfin CEO Glenn kelman said in the memo announcing the layoffs on Tuesday that sales were volume was 17% lower in May first company And that it would be year likely to be years and not months before the situation resolved itself So given that it's these companies have a long road ahead They enjoyed during COVID Probably the best possible conditions for themselves And that's not just Redfin encompass but also Zillow or open door or any number of others Many of these companies couldn't make money in the best housing market pretty much ever So they're going to be in for a pretty new scenario now Interesting And I wonder about commercial real estate as well We just heard from Amazon's CEO Andy jazzy talking about letting leases run out Amazon subleasing 30 million ft² of its own space Is this something we're going to see a lot of companies grapple with what to do with real estate that they picked up or perhaps not because in the pandemic some folks pulled back on real estate So far it seems like there's demand for the industrial real estate that Amazon either owns or leases Just recently there was a big merger announced in the industrial warehouse in the industrial real estate space A company called for largest which is a big landlord to Amazon bought a company called duke realty which is I think even more exposed to Amazon leases So if Amazon pulls back a little I think there's the assumption in the commercial real estate world that there's still a bigger broader shift to ecommerce and there's other places to fill warehouse demand All right Bloomberg's Patrick Clark who covers the real estate market for us Patrick thank you for your insights Coming up It is the new fund in town FPV ventures launches after raising $450 million What's it like Raising and launching in a downturn where are they going to place their bets We'll.

Redfin Patrick Clark Glenn kelman Amazon Bloomberg fed Murray Andy jazzy Reddit Zillow duke realty FPV ventures Patrick
New Signs That the Hot Housing Market Is About to Cool

The Trish Regan Show

01:34 min | 1 year ago

New Signs That the Hot Housing Market Is About to Cool

"We're going to go back to this housing thing, right? Because there's new data that's a little concerning, right? But natural? I mean, interest rates are going up, do you really think housing prices can continue? Skyrocketing? Given that it's going to cost that much more every month to pay your mortgage when you get a higher interest rate. Anyway, we have evidence that some of this housing may be in fact cooling. In fact, there's a lot of data that's just been trickling in for the month of April. And a couple of things really stood out to me. Number one, the homes listed for sale. That's rising again. You saw for a while. It was absolutely no inventory that starting to shift. It started to shift because people are getting a little nervous. They're like, hey, you know, if I actually do want to make a move, maybe I need to do it now because this may be the best price I'm ever going to see for my house. And so they know interest rates are going up. They know that buyers will not be willing to pay as much if, say, mortgage rates are 8% instead of three or 4%, right? So you are starting to see more and more people put their homes on the markets. That naturally has a suppression effect. On prices, the other thing, and I thought this was interesting. And this comes from Redfin, which is reporting that 15% of home sellers in the month of April cut their asking price. Now that's significant because just 9% a year ago, cut their asking price. So increasingly, people are bringing their asking prices down.

Redfin
"redfin" Discussed on AP News

AP News

03:54 min | 1 year ago

"redfin" Discussed on AP News

"To look up to as a role model for anyone Willie was no exception in following that path and a heartbreak for his family canceled his father says his son decided to go to Ukraine to defend innocent people I'm Ed Donahue Cancel served in the marines from 2017 to 2021 joining right after graduating high school Pentagon spokesman John Kirby says there's no justification for how Russian president Vladimir Putin and his military have indiscriminately and ruthlessly attacked civilians in Ukraine It's just it's brutality of the coldest and most depraved sort Los Angeles Dodgers pitcher Trevor Bauer has been suspended for two full seasons without pay by Major League Baseball The move less than three months after prosecutors decided against criminal charges against power after it was alleged he beat and sexually abused a woman last year The Philadelphia 76ers say MVP finalist Joel embiid has a right orbital fracture and a mild concussion and is out for the foreseeable future He was injured late in Philadelphia's victory at Toronto Thursday night Philadelphia is in the east semifinals against top seed Miami first game Monday night This is AP news A real estate brokerage company settled a lawsuit alleging housing discrimination Fair housing advocates say under the agreement Redfin will expand housing opportunities for consumers and communities of color in various major cities The deal calls for Redfin to change its minimum housing price policy and pay $4 million to settle the lawsuit brought by the national fair housing alliance in 9 other fair housing organizations Redfin says that it prefers to spend money on advancing fair housing rather than on litigation and that the settlement is not an admission of liability I'm Mike Hempen A former Idaho state representative has been convicted of raping a 19 year old legislative intern after a dramatic trial in which the young woman fled the witness stand during testimony saying I can't do this 39 year old Republican era in van ellinger has claimed that the sex was consensual I'm Tim McGuire AP news A real estate brokerage has settled a lawsuit alleging housing discrimination Fair housing advocates say under the agreement Redfin will expand housing opportunities for consumers and communities of color in various major cities The deal calls for Redfin to change its minimum housing price policy and pay $4 million to settle the lawsuit brought by the national fair housing alliance in 9 other fair housing organizations Redfin says that it prefers to spend money on advancing fair housing rather than on litigation and that the settlement is not an admission of liability I'm Mike Hempen If you're considering working as a freelancer nerd wallet says Greenville South Carolina might be the best place to live NerdWallet has compiled a list of the top ten cities for freelance or remote employment which is how some 10 million Americans earn their pay Its survey taking in factors like affordable housing culture and demand for freelance workers puts the Greenville and Anderson region of South Carolina at the top of the list Boise city Idaho comes in second and Columbus Ohio is third unnerved while its list The only northeast region is Worcester Massachusetts ranked number 7 I'm Jackie Quinn Dedicated logistics is looking for truck drivers regional and dedicated routes for class a CDL Get a $10,000 sign on bonus paid in your first year Dedicated logistics is a pet.

Redfin Ed Donahue John Kirby Trevor Bauer Philadelphia Joel embiid Ukraine Mike Hempen fair housing alliance Vladimir Putin Willie van ellinger marines Tim McGuire Pentagon Dodgers Major League national fair housing alliance
Redfin settles lawsuit alleging housing discrimination

AP News Radio

00:40 sec | 1 year ago

Redfin settles lawsuit alleging housing discrimination

"A a a a real real real real estate estate estate estate brokerage brokerage brokerage brokerage has has has has settled settled settled settled a a a a lawsuit lawsuit lawsuit lawsuit alleging alleging alleging alleging housing housing housing housing discrimination discrimination discrimination discrimination fair fair fair fair housing housing housing housing advocates advocates advocates advocates say say say say under under under under the the the the agreement agreement agreement agreement redfin redfin redfin redfin will will will will expand expand expand expand housing housing housing housing opportunities opportunities opportunities opportunities for for for for consumers consumers consumers consumers and and and and communities communities communities communities of of of of color color color color in in in in various various various various major major major major cities cities cities cities the the the the deal deal deal deal calls calls calls calls for for for for redfin redfin redfin redfin to to to to change change change change its its its its minimum minimum minimum minimum housing housing housing housing price price price price policy policy policy policy in in in in pay pay pay pay four four four four million million million million dollars dollars dollars dollars to to to to settle settle settle settle a a a a lawsuit lawsuit lawsuit lawsuit brought brought brought brought by by by by the the the the national national national national fair fair fair fair housing housing housing housing alliance alliance alliance alliance in in in in nine nine nine nine other other other other fair fair fair fair housing housing housing housing organizations organizations organizations organizations redfin redfin redfin redfin says says says says that that that that it it it it prefers prefers prefers prefers to to to to spend spend spend spend money money money money on on on on advancing advancing advancing advancing fair fair fair fair housing housing housing housing rather rather rather rather than than than than on on on on litigation litigation litigation litigation and and and and that that that that the the the the settlement settlement settlement settlement is is is is not not not not an an an an admission admission admission admission of of of of liability liability liability liability I'm I'm I'm I'm my my my my camp camp camp camp in in in in

Redfin Redfin Redfin Redfin National National National Nat Camp Camp Camp Camp
"redfin" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:31 min | 1 year ago

"redfin" Discussed on Bloomberg Radio New York

"I think we're lost Demand for vacation homes dropped sharply in February with mortgage rate locks for second homes reaching their lowest level since May of 2020 according to a report from Redfin whose CEO Glenn kellman says these are tough obstacles for the potential second home buyer to get over You have the home price increase coupled with this mortgage rate increase effectively consumers are paying 30% more for a home than they were a year ago Michael simonson of altos research says with mortgage rates approaching and in some cases surpassing 4% it's just too much So when we're above 4% we're now above that decade long average and it could be that that's the threshold that people really consumers start to feel And prices for homes and seasonal towns went up 20% year over year It adds up to a road trip Greg Jarrett Bloomberg radio But I know about courage I learned from my adoptive mom She said sometimes you just gotta hold on and no we'll get through this Mom we are so high up Hold my hand No you holding my hand Here we go Learn about adopting a team from foster care You can't imagine the reward Visit adopt U.S. kids dot org to find out more I learned patience for my adoptive dad All he had to say was Hey you got this Just breathe Hey We're pretty good Yeah.

Glenn kellman Michael simonson altos research Redfin Greg Jarrett U.S.
"redfin" Discussed on WGN Radio

WGN Radio

01:37 min | 1 year ago

"redfin" Discussed on WGN Radio

"Redfin, subject to minimum terms and conditions does not include buyer's Agent commission. Learn more at dot com or call 8447597732. When news breaks in Chicago or the world, you'll hear it here and we'll talk about it here. This is Chicago's very own 7 20 w G. M. It's 87 degrees at 5 30. Good evening. I'm more in love to Chicago Endures another violent weekend with at least 60 people shot seven. Fatally weak one in the NFL season wraps up tonight with a matchup in Las Vegas and the latest on the Bears Coming up in sports business and mixed flows for stocks as blue chips rally, But Tech stocks struggle. Mary Vandeveld has the latest in traffic and traffic is sponsored by the Illinois Department of Transportation. The inbound Even still jammed into old orchard because of an earlier accident. About 30 minutes in from Lake Cook Road, Kennedy inbound from the Edens, an hour and five minutes. Same, heading outbound Eisenhower about 38 out to Mannheim, now an excellent reported inbound in Sacramento in the left lane Stevenson out to the tri state 40 and the inside of the Ryan heading to 95th slow from 31st delays on the bishop Ford out to 111th. Also decide the lakeshore drive Cotonou Street to Chicago. Little slow on 80 94 eastbound from Burnham to grant Excellent Oprah Terrace, Roosevelt and Butterfield. Also in Bartlett, Lake and Bartlett, driving, biking or Walking responsibly, really is a matter of life or death. Learn more online or through social media at life or death. Illinois dot com. Merry Band Belt, WGN Traffic Central..

Lake Cook Road Chicago Las Vegas Mary Vandeveld Sacramento 8447597732 Cotonou Street Bartlett Illinois Department of Transpo 87 degrees Burnham Mannheim Butterfield Edens NFL tonight About 30 minutes Redfin 111th Roosevelt
"redfin" Discussed on 990 The Answer

990 The Answer

02:05 min | 1 year ago

"redfin" Discussed on 990 The Answer

"Redfin, subject to minimum terms and conditions does not include buyer's Agent Commission. Learn more at redfin dot com or call 8447597732. Philadelphia's morning answer with Chris Tuggle, commander in chief. And here I am at FEMA, because I'm in charge. Can I ask you about Afghanistan? The real thing? No. I'm here to talk about a storm. Him. The storms are strong, You know, because climate change, and I want to pass my big, expensive $3.5 trillion legislation to stop the stores River happening again. Philadelphia's morning answer with Krista got Philadelphia's AM 9 90. He answer the following program was pre recorded. Okay, So here's a job for you to make some money Finance buzzes, a financial advice website. They say that they're looking for here is the title of the job horror movie Heart rate analysts so you have to watch 13 horror films. From various budgets, and then you're going to compare the scares that you get from the big budget movies, too, like low budget counterparts. So you have to wear a Fitbit and you track your heart rate. Um, while you're watching this movie, and you're gonna watch like Amityville Horror, Quiet Place, The Blair Witch Project so scary. Paranormal activity. And then a 2018 remake of Halloween. And so the applications are being accepted through September. 26. I think you make like $1300, but, you know, I started thinking about this. I mean, As our cars in the future, they go all electric. Did you hear? I don't feel hurt by this. But did you hear about that Scary movie classic remake? Yeah, it's going to be called Silence of the lamb bows. All right. I knew it. I knew you were going to laugh. I saw you laugh sitting right there. Alright, it's Kim Komando show. You know the drill. You can find me on over. I don't know. 425 top stations from coast to coast and around the globe on American Forces Network radio also where you can find us streaming in your favorite radio app. You can get the commander dot com.

Chris Tuggle Krista $1300 September. 26 8447597732 Quiet Place Redfin 2018 FEMA American Forces Network Kim Komando 425 top stations $3.5 trillion The Blair Witch Project 13 horror films Afghanistan Amityville Horror Philadelphia of the lamb bows dot com
"redfin" Discussed on WSJ Tech News Briefing

WSJ Tech News Briefing

05:00 min | 1 year ago

"redfin" Discussed on WSJ Tech News Briefing

"Amount of money. Buy it from you fix it up just as a home. Flipper does in real life in other words you know. They put nice hardwood floors in or they'll tear up the carpet and put a new carpet. They'll paint simple renovations like that and then they'll turn around and sell it in a very short time period and hope to make a profit on that and who were in the big eye buyers in the market right now so the market leader is a company called open door and they are very much in the market lead zillow which almost every consumer who's ever wanted to buy or bought a house has looked at has gone big into i buying offerpad and then also red fin which again if you've been in the market for a home or look to sell your home you've used redfin before and they are also involved in. I bang all right. I wanna talk about the technology that's being used by these firms. Some listeners will be familiar with virtual open houses or maybe digital staging but the technology that these firms are using. It's a little bit different. It goes beyond that right right. So they're using all of those things that we as consumers are familiar with but they're also building a tremendous data repository where basically the more markets they're in and the more transactions. They're a part of and they see the more data they get and the more they're able to predict how much to buy and sell a home for without needing to use a physical agent on the ground. So if i'm looking to sell my house to them what might need to send in. What kind of information are they going to need from the home sellers so initially it was that you'd go online and you fill out some paperwork. Which would have some questions about your home. And then they would get back to you with kind of like a preliminary quote then they would physically send an agent to check out the house and kind of make sure that everything checked out it was as it was described. That with technology transitioned into like virtual live. Walk through like you know you might do a facetime with an agent. As of last week. I believe open door is now offering consumers the ability to essentially walk through their house take a few snapshots of things And some videos on their own time and send sentiment.

zillow redfin
"redfin" Discussed on WSJ Tech News Briefing

WSJ Tech News Briefing

01:38 min | 1 year ago

"redfin" Discussed on WSJ Tech News Briefing

"Home. Prices are rising at a record rate. A lot of the demand is coming from city dwellers who to escape to the country or the suburbs but some of the buyers aren't people at all they're tech companies sometimes called i- buyers that buy and sell homes for profit. These companies have been building up their presence in the real estate market for years. But this may be the moment. They've been waiting for so after years of resistance is tech. Finally taking over real estate. Joining us to discuss is are heard on the street tech columnist. Laura foreman hi. Laura hi thanks for having me you know. I think the term. I buy gets bounced around a little bit when we're talking about this market. Can you start by telling us what that is. Sure a ni- buyer is a company that uses computerized data to buy and sell homes and flip them so a company that will ask you a homeowner for information about your house decide. It's worth x amount of money. Buy it from you fix it up just as a home. Flipper does in real life in other words you know. They put nice hardwood floors in or they'll tear up the carpet and put a new carpet. They'll paint simple renovations like that and then they'll turn around and sell it in a very short time period and hope to make a profit on that and who were in the big eye buyers in the market right now so the market leader is a company called open door and they are very much in the market lead zillow which almost every consumer who's ever wanted to buy or bought a house has looked at has gone big into i buying offerpad and then also red fin which again if you've been in the market for a home or look to sell your home you've used redfin before and they are also involved in. I bang

the wall street journal zoe thomas
Opendoor, Zillow and Redfin Bank Seek To Flip Houses Virtually

WSJ Tech News Briefing

01:38 min | 1 year ago

Opendoor, Zillow and Redfin Bank Seek To Flip Houses Virtually

"Home. Prices are rising at a record rate. A lot of the demand is coming from city dwellers who to escape to the country or the suburbs but some of the buyers aren't people at all they're tech companies sometimes called i- buyers that buy and sell homes for profit. These companies have been building up their presence in the real estate market for years. But this may be the moment. They've been waiting for so after years of resistance is tech. Finally taking over real estate. Joining us to discuss is are heard on the street tech columnist. Laura foreman hi. Laura hi thanks for having me you know. I think the term. I buy gets bounced around a little bit when we're talking about this market. Can you start by telling us what that is. Sure a ni- buyer is a company that uses computerized data to buy and sell homes and flip them so a company that will ask you a homeowner for information about your house decide. It's worth x amount of money. Buy it from you fix it up just as a home. Flipper does in real life in other words you know. They put nice hardwood floors in or they'll tear up the carpet and put a new carpet. They'll paint simple renovations like that and then they'll turn around and sell it in a very short time period and hope to make a profit on that and who were in the big eye buyers in the market right now so the market leader is a company called open door and they are very much in the market lead zillow which almost every consumer who's ever wanted to buy or bought a house has looked at has gone big into i buying offerpad and then also red fin which again if you've been in the market for a home or look to sell your home you've used redfin before and they are also involved in. I bang

Laura Foreman Laura Zillow Redfin
South Korea Bans Google, Apple Payment Monopolies

WSJ Tech News Briefing

00:45 sec | 1 year ago

South Korea Bans Google, Apple Payment Monopolies

"A new bill that set to become law in south korea could put a dent in google. And apple's dominance over in-app purchases right now app developers who sell through the tech giant's app stores are required to use the company's in house payment systems which gives google and apple a cut of up to thirty percent of the sale but a bill passed yesterday by south korea's parliament would change that by allowing at makers to use other options for getting payments. It would be the first. Such law in the world. Though similar measures have been proposed in the us and europe apple and google have defended requiring the use of their payment systems. Apple says using other systems could increase the risk of fraud and privacy violations. Google says the commission's help keep its android operating system free.

South Korea Apple Google Europe United States
"redfin" Discussed on This Week in Startups

This Week in Startups

02:09 min | 1 year ago

"redfin" Discussed on This Week in Startups

"Gonna work twelve hours a day if you can't handle it during the holidays you're at the wrong company because this is a company that is driven by customer support people by the holidays. There's no vacation on christmas and over the holidays. We gotta get this done. Whatever she said. And i just that they treated unfairly and i think if it was a male ceo. We'd all be giving high fives. Oh mayo puts the hammer down tells everybody to buck up and work harder. I don't know what we're going to agree to disagree on this one. I think we probably i'd say jayson love you too good. This has been great. Thank you for doing it. I'm glad my lawrence. Let's do it again. I said i'm looking at right now. I know you're pr. People are very like the also there but they get a lot of requests. Even i had to work a little bit here to get this on going to put you on the books for a year from now. Is that okay with you. One year from today i angeles. We'll do it together. We're locking it now. One year from now we're going to do this yearly thing where we check you see the ratings and then decide jason. I here's how it goes. Glad this is how i've always run the show and why it works if i find the conversation interesting i think that's the proxy for the audience. I think it's interesting as a startup founder and angel investor. That's it all right continued success. If you want to own a great stock. Lincoln's say this. I think red vinaigrette stock own. He can't say it. I can and if you want to work at a great company with a great leader who cares about you. That's glenn so go ahead. So i go to redfin dot com slash jobs or careers or careers dot dot com. It's one of those just type in redfin jobs that she said you'll go work for you you. He needs to hire more people. Especially if you're a million dollar agent if you're one of those crazy million It's one of those just type in redfin jobs that she said you'll go work for you you. He needs to hire more people. Especially if you're a million dollar agent if you're one of those crazy million dollar agents sell malibu homes or palo alto homes. Go work with our issues. You're going to appreciate you have a time bye.

jayson mayo angeles jason Lincoln glenn palo alto
"redfin" Discussed on This Week in Startups

This Week in Startups

04:08 min | 1 year ago

"redfin" Discussed on This Week in Startups

"Tech companies using machine learning algorithms to price the property without having to walk through it it turns out i used to be a little bit old school and to buy a house where human being having walked through it but actually sending the human being through before you make the offer only creates a relationship between the cellar. Where you kinda wanna give a good price. Kaji understand that they're in a jam The machines have been better at pricing out. You still need to make sure. The foundation isn't cracked. The roof doesn't need to be replaced. Sometimes machine you get an inspection but mostly yep houses ward like stocks stock. You can look it up on yahoo and you can see the price of every single stock instantly with housing what it would really trade form was always a little bit of mystery and that mystery has been compressed in its create a lot equality where we're willing to give you an offer within a few seconds of your submitting a request. Just give us the address. We'll crunch the numbers and send you a bit. And so people are doing that because they don't want somebody walking through their house during covert but increasingly. They're doing it just because they don't want to clean up the house every day. You have to five year olds if he were listing your property trying to get them to clean. The room is impossible. So you get more money you get more you get more money. If you list it. You get a little more convenience if you just take the cash offer And just the world is moving toward convenience Not every most people are gonna list but some people are gonna do this this cash off. Okay so you have this massive innovation on one side now to get the controversial topic which i leave always towards the end of the. Maybe you're not gonna hurt my feelings. nobody could. This is my interview technique. I got all the softballs. And then i get into some of the more challenge yourself at the end. 'cause they got you warmed up but i can tell you that because we're friends but also by the way as it note isn't it funny that their investment community like ten years ago when you were struggling and dog fighters try to make advertising where like totally like gave up on your business and now everybody's throwing money at it just ten years later entrepreneur. I don't know john foley very well. And i don't want to pretend that i do but i did go on a run with him once. He's the founder of palestine. I think i have his name rank. And i told him nobody's ever been passed on more than we have. He said that is not true. Stopped running tristar. Coveting yard selling bites which i sell exercise by facebook that it's a social network and yes so many investors were just really wary of going into the real world. The old model was instagram. Thirteen employees billion dollar exit. Everybody would love that. But it's just so hard right now to build an audience. The person who pitched you on an app in florence challenge is an building exercise by hiring real estate agents their challenges that they're gonna be giving forty percent of their revenue to facebook every month. And so it's just really hard to build an audience. And i think also entrepreneurs just wanna go out into the real world that make a difference in the real world Most of the media company plays have been played excited about about it. Well if you think about it. Like what did with tesla and spacex. And then joe you know at airbnb and the travis uber like those companies really were like we'll go into the real world and the funniest story ever like. I'm trying to help. Travis raised the first round the seed around five million dollar valuation for uber literally one of the most prominent investors that you and i both know was like. Can you get him to not do it as a consumer full stack play. Can you get him to sell enterprise software to taxi companies. Because i don't know. Jesus spoke to me at that moment and send the other cheek shaykh. Al and i was going to tell the person your more odd but they were like so famous as an investor..

Kaji john foley yahoo tristar facebook palestine florence airbnb spacex tesla joe Travis Jesus Al
"redfin" Discussed on This Week in Startups

This Week in Startups

03:55 min | 1 year ago

"redfin" Discussed on This Week in Startups

"Startups will take them here. We'll give tax credits and the cost of living lower. We will get them a visa in under ten days. Just email us. Yeah and i was like. I've never gotten a phone call. From trump's office or from biden has previously. Canada is aggressive. It is the competition right now for towers. What will we've had people get stuck on the wrong side of the border where you employ the chinese national who goes back home and then can't get into the united states to do his job at red fin and so we ended up opening an office in vancouver for that purpose and i know so many other tech companies that are doing that so I guess there's something for everyone of every political stripe in so far there's some liberal policies that work there conservative policies that work. I hope you can be cuticle about it and really pick the best ideas regardless of your politics. Well it is one of the great things about you. Know this is this is a this is a podcast about innovation and start ups. And i think what you're saying is the fifty states in the united states as well as some you know next to us like canada and regions are actually like startups now. And they're innovating and heaven offering for consumers. Those consumers are businesses and citizens and that means two types of real estate. I know you don't work in the commercial real estate space but we have something like fourteen salesforce towers of open office space in san francisco. What is going to happen in commercial real estate in a city like san francisco given that you had massive building of commercial real estate san francisco and at the same time. Work from home appeals most of the companies where they are and nobody including yourself myself wants to live in san francisco. I lived in san francisco. I left it wasn't safe for my family. I wanted more space. And i didn't appreciate the the you know the way it was being run. And so what happens to all that commercial real estate. If you had to speculate first of all. I think san francisco is mostly a safe city. And it's a beautiful city. So i left my own reasons but it's not a rejection of the city. I do wish that they had been more aggressive about solving the housing crisis by building more housing but masson deflationist. What's ahead for commercial real estate because even if you convert some of those buildings into condos. The rationale for living downtown was to be next to twitter or salesforce or whatever your employer was and now when people are working remotely. I don't think they necessarily want to live downtown as much so just looking at the housing market. The housing market for single family homes as you at aria observed has been red hot. The housing market for condos has been less so some of that's about sharing air conditioning or heating system with other people. But mostly it's just about the fact that people have wanted more stays so i don't think that converting commercial real estate into residential is going to solve many problems. I actually my kid is on a soccer team with another kid whose parent holds a owns. The building that red finley says and he was telling me that i know y'all are coming back commercials going to be back bigger than ever just watching the game. Okay fella that's optimistic. I mean being being a great entrepreneur. Isn't it like usual. But that's straight up. Delusional the idea tech companies are going to be able to take people who have left and relocated like you said to a bigger space and to a worked. I mean that's farcical that that will happen in our lifetimes i think. Yeah i mean. Almost every ceo right now is comparing the length of their leases. Because we're all trying to figure out when.

san francisco Canada united states biden trump vancouver masson salesforce red finley twitter soccer
"redfin" Discussed on This Week in Startups

This Week in Startups

02:18 min | 1 year ago

"redfin" Discussed on This Week in Startups

"So this idea that you could have a working class job and be able to afford. The american dream was still possible in the middle of the country and that as change not over a twenty year period over twenty week period. And it's just a massive disruption and so that's the first thing is just off country yet so we have the pandemic people realized they can work from anywhere big companies paying big salaries to tech workers. Information workers say we want you to come back and then they realize oh wait a second. We are in a presence obama here. That's slicks and apple. Said you have to come back. It's not negotiable. And then the employees were like yeah. You know we're not coming back. I'm going to go work at google or twitter or square. Because jack believes we can work from anywhere and they were like okay. You can work from anywhere. We're not losing our top talent. That's kind of what happened. Which means now people can live anywhere and do that arbitrage three million dollar condo or house in san francisco. A three or four million dollar brownstone in brooklyn now gives way to a million dollar place in austin and you feel like wow a genius and the people in austin are like you paid a million dollars for that. I paid six hundred thousand two years ago. You're an idiot. That's exactly a ratchet. I've seen this over many many moves the people who suddenly get a three car garage and have a bedroom for each kit. Never go back. Even if you're zillionaire you get addicted to the cost of living in texas or florida. I think in florida for everyone. Who's leaving the states. Seven are coming in in texas. It's five and in general for low tax states for every person leaving for are coming and so there's just this great migration and it's also causing political people because san francisco new york seattle have all gone through protests. Black lives matters Issues that have really roiled the social fabric. They want to invest in that in some of them will call you as an entrepreneur. Ceo instead we want you to support higher taxes which is something that i've always been supportive of. But now when they ask. Are you going to leave seattle. They act as if my personal decision matters when really we don't have one office in seattle anymore..

austin san francisco apple obama jack brooklyn twitter florida google texas seattle new york
"redfin" Discussed on This Week in Startups

This Week in Startups

02:39 min | 1 year ago

"redfin" Discussed on This Week in Startups

"Being on this podcast will change. It will start every once in a while. My twin brother is recognized for people. So you're gonna walk right by me and he'll say glenn and they'll say come on. He's my twin. We just look the same here. There was a lot of reasons why i wanted to have you on the pod. Want to catch up like this. It's always fine but number two so much is going on in real estate and i was so confused by trying to understand the market. I was like who do. I know who's really smart. And i thought glen red fin now. You didn't try to be smart. You didn't come to real estate for background. Like you didn't come to red fin and become and run redfin. Seo from two thousand five to the president because you love real estate you were going to be a doctor and you're going to go to med school this kind of stuff. Yeah but you then figured out. You loved it and you've done a lot of innovative there. Let's start with and we'll get into and all the innovations that have gone on in the space. I wanted to start with. What is your take on. What is going on with the housing crisis. Slash bubble slash appreciation. Because i've never seen anything like this. And i lived through the last bubble the two time when i bought my first house and so just generally people are watching housing prices through the roof people migrating. I don't get the senate. A lot of people in our circles are selling their original home. they're just buying a secondhand sitting on the first one because it's appreciating faster than the stock market which then is screwing with supply. Tell us everything from where you sit because you have the data where to start. I think there are two trends and wanted. The chickens are coming home to roost in the other is that the dam is broken. You've definitely spoken to that second trend. Which is that all this money built up. In san francisco new york everyone in pittsburgh tulsa oklahoma were talking about how they create silicon valley wherever they were and we never thought they would but now they finally have and so. I think it's actually good for the country. That technology expertise professional classes can live anywhere. But it does create these social disruption. People moving to nashville are paying nearly vice as much as the folks who live there for home they come in with monopoly money from new york or california and they sent home prices shooting through the roof and the reason that those prices have continued to go up. Is the insane francisco when prices went up. It just reached a natural limit. But for someone. Moving to boise idaho. You can pay three times as much and you're still sending less than a million dollars for house so it feels so cheap. It's just that the people who started in boise are suddenly priced out of the market..

glen red glenn Seo senate tulsa new york pittsburgh oklahoma san francisco nashville california boise francisco idaho
"redfin" Discussed on 106.1 FM WTKK

106.1 FM WTKK

06:28 min | 2 years ago

"redfin" Discussed on 106.1 FM WTKK

"Home. Local expertise from Redfin. That's real estate. Done, right or subjective property and agent availability. Virginia Office Falls Church via 447597732. I'm Ryan Gorman in for the team here as they enjoy their Monday off. Hopefully you're getting to enjoy a long weekend to we've got some great conversations lined up for you this hour in just a bit. I'm gonna talk to the CEO of the wounded Warrior project. Plus, we're gonna go inside urban search and rescue operations like the one that's been taking place in South Florida. Following the collapse of a condo building there to make sure you stick around for that. But first, let's get things started with some expert insight into grilling and cooking the perfect summer meals. Joining me right now is celebrity chef Andrew Gruel. You can find them online at chef Greul dot com Chef Thanks so much for coming on the show and let me ask you about some of your most basic tips that anyone can pull off for a great holiday weekend. Er, summer get together meal. Hey, I'd say Grill your dessert that that's a That's a quick tip there for you so whether it's grilled peaches, grilled stone fruit or even just pre making like us. Moore's In a sandwich and then wrapping them in foil and throwing them on the grill. Good way to get ahead of desert. Lots of really using that grill for everything, basically. Oh, yeah. Oh, yeah. Use it for your potato salad. I mean, look, avoid the cleanup, right? That's that's half the beauty of the grill. You've got kind of one conviction cooking method. Everything's right in there. You can move things around different heat zones. Uh, you know, just make sure you keep your great clean and you're good to go. You know a lot of these summer gatherings, especially on something like Fourth of July weekend. You get your all American foods, hot dogs, hamburgers, stuff like that. Are there any easy tweaks that we can make to take the basics like those foods to the next level? I always said. I always like to say, just play with the condiments. Right? So you know, set up different bowls of ingredients that you can put as toppings on your dog or your burger. You know, we all like to talk about what should or shouldn't go on a burger or a hot dog. But at the same rate, it's also a fun opportunity for people to be creative on their own. So the nice way to kind of add a little bit of interactivity. To your food and and allow your guests to kind of build their own. So whether it you know, freshly, you know, diced up pickles, make your own relish different types of cheeses. Different types of vegetables all to go on the dogs, Burgers, chicken sandwich. What have you That's a fun way to do it. And what about sides? Are there? Go two sides that you feel? Go best with those kinds of foods? Yeah, You know, it's funny. A lot of a lot of picnics are shrouded with the you know the negative connotation of everything being gloppy and full of managed. So what I tell everyone is Take your traditional side your macaroni salad, pasta, salad, potato salad and remove the you know kind of the creamy nature removed the Manet's and replace that with just a night vinegar, extra virgin olive oil, maybe a dash of mustard mustard in their fresh herbs. It's a great way to to lighten and brighten up your style because look, let's be honest with ourselves. They always end up just sitting there on the table when they're all clapping like that, Yeah. So, you know, fresh herbs, Right? Chives, fresh thyme, oregano, Fresh basil. These are your best friends when it comes to summer foods because they really amplify the flavor and really good vinegars to keep a couple different vinegars on hand and just Toss it in the salad at the last second, whether it's a sherry vinegar, red wine, vinegar, champagne vinegar, any high quality vinegar. It really, really also amplified the flavor. I'm joined right now by celebrity chef Andrew Gruel. You can find them online at chef Greul dot com. So let's talk about barbecue. Everyone has their go to sauce or marinade or seasoning, but Is there anything your average griller or barbecue? Or maybe? Doesn't know that can help improve what they cooked this summer? Yes, certainly. Well, first of all, I'd like to tell people to have two different ranges of heat on the grill. Everything isn't always going 100 MPH. So you don't want to be Chinese outside while the inside is still raw, right? So set up different heat zone. That's the key and start on the low heat zone. You see. Everyone thinks you see your things hard and high right away, and then you slow cook it. It's actually the opposite is much better. For both the tenderness and the flavor of the meat. You'll get a better sear, so start on the low side, right. Make sure your foods are marinated so that there's you know, or at least talking a little bit of oil so it doesn't stick by starting in on the lower side, then move it over to the hot side. At the very end, you'll get a much better steer. And then when it comes to the sauce, people think basing the sauce on the food as you cook is going to add the flavor. All you're really doing is adding bitterness. You know, you're kind of burning the caramelization. There's some carbon ization on there, so I like to say. When when you pull the food from the grill, hit it with the soft and let it kind of rest in the soft, so it starts to absorb it as opposed to cooking the sauce right onto it. What about marinates? Because so many people are going to take their chicken or steak. They're going to put together some kind of marinade. They're gonna stick their meeting there and just leave it for hours. Is that the best way? To enhance the flavor should they do what you were maybe alluding to earlier hit the meat with that stuff after it's cooked. Well, Yeah, So, So it's interesting Marinate, Actually, they they have the tendency sometimes to cook and dry out your food because the acid will denature the vinegar. The vinegar is in the marinade Teenager the proteins of the meat, So you don't want to keep them in there too long. I usually only use my marinade for Max 2 to 3 hours, so I don't do it overnight. The key is if you're going to be cooking large pieces of meat steak, heavily salted the night before and let it sit in the refrigerator because that's salt. It's called the dry brine what it will do. It will go in and out of the meat. It will pull the moisture out. It'll pull the moisture back into the meat, and it actually keeps the meat juicier when you cook it. And then it adds flavor internally through the meat. That's a real important step. I'm joined by chef Andrew Gruel. You can find out more about everything he's got going on. And there's a lot going on at chef Greul dot com. Are you the type that likes to pair specific drinks with different kinds of foods? Um, you know generally. Yes, I'm not. I'm not the type that you know. It.

Andrew Gruel Ryan Gorman South Florida 100 MPH 447597732 Redfin Monday 3 hours first both two sides Max two Church Greul dot com Virginia American of July couple different vinegars Fourth
"redfin" Discussed on Newsradio 970 WFLA

Newsradio 970 WFLA

01:36 min | 2 years ago

"redfin" Discussed on Newsradio 970 WFLA

"Redfin reports. Second home sales slowed in May from Bloomberg. I'm Mona Rivera for news radio. Wf LA Fox News. I'm Rich Dennison President Biden, speaking in England today, saying the US government will buy a half billion doses of American made five R coronavirus vaccine and donate them to lower income countries. These half a billion vaccines will start to be shipped in August. As quickly as they roll off the manufacturing line. The president says he's hopeful other group of Seven nations will join the U. S effort as Covid variants remain a threat without more vaccinations. US Customs and Border Protection says more than 180,000 people were caught crossing the border from Mexico illegally in May, a two decade high. The agency also says four out of every 10 people they're catching, have tried previously to enter the US illegally in the past year. They also say they're on pace to stop more than a million and a half. Illegal migrants this fiscal year alone. Foxes Evan Brown America's listening to Fox News H from the mosque, Nissan Traffic Center. We're still seeing major delay south on I 75 south of Fletcher from a crash taken up the left lane. North Brown is also heavy on the interstate. You might want to use three Oh one or 2 75 for an easier ride. We are seeing heavy volume coming off the Howard Franklin Bridge north on 2 75 all the way into downtown Tampa, Ch 2 75. Also slow through this stretch South bound to 75 also slow near Gandy Boulevard in Penelas, and we're San Delays north on us 19 at Curlew Road Page. CORRERA NEWS RADIO w.

Rich Dennison Gandy Boulevard Mexico Mona Rivera US Customs and Border Protecti Evan Brown August May Howard Franklin Bridge Foxes England I 75 Curlew Road Page more than a million and a half today President Biden Bloomberg more than 180,000 people Nissan Traffic Center four
US Home Prices Soar in March by Most Since Late 2013

AP News Radio

00:39 sec | 2 years ago

US Home Prices Soar in March by Most Since Late 2013

"Home prices continue to soar March U. S. home prices are thirteen point three percent more than last year that's the biggest increase in over seven years as more would be buyers are competing for a dwindling supply of homes the March S. and P. CoreLogic case Shiller twenty city home price index posted its biggest gain since December of twenty thirteen the housing market has gotten so out of whack that according to real estate brokerage firm redfin almost half of all homes are now selling for above the seller's asking price that's up from roughly a quarter of sales in April of twenty nineteen the year before the pandemic I'm showing up l'or

Shiller Twenty City Redfin
Single, wealthier US women increasingly bought homes during the pandemic

WTOP 24 Hour News

00:54 sec | 2 years ago

Single, wealthier US women increasingly bought homes during the pandemic

"Purchased by single women accounted for 17% of sales. And that's despite women being disproportionately impacted by the pandemic pandemic has been unequal across income levels. So the people who are buying homes right now whether they're men or women or people who are more affluent. And the kinds of women who were able to afford a home before the pandemic. They are going to be the ones who are more likely to have cut their jobs. That's Daryl Fairweather at Redfin D. C. Is one of a handful of cities were single Women Buyer's account for a large share of the market. One of the trains were saying among areas where women make up a larger share buyers is that they tend to be places where women have a lot of education. DC falls into that category. Single women sent by less expensive homes than single man couples still account for about half of all say Feels Jeff Global WTLV news coming up after traffic and weather on w T o P. The covert relief package is a very important step closer to

Daryl Fairweather Redfin D. C.
Redfin beats Q4 earnings estimates with $244M in revenue and record traffic

Daily Tech News Show

00:19 sec | 2 years ago

Redfin beats Q4 earnings estimates with $244M in revenue and record traffic

"Invidia reported it earned three dollars and ten cents per share in q four on revenue of five billion dollars both beating analysts expectations with revenue up sixty percent of the year data center revenue grew ninety seven percent of the year to a record. One point nine billion dollars while gaming revenue also hit a record in the quarter of two point. Five billion dollars up. Sixty seven percent of the year

Invidia
Why The Housing Market Is Booming In A Bad Economy

The Indicator from Planet Money

04:13 min | 2 years ago

Why The Housing Market Is Booming In A Bad Economy

"Glenn kelman has been the ceo of redfin for fifteen years and he says for all that time people looking for a home always put this one thing as their top priority rich poor urban rural people buying homes always had this one big question. What about the commute. The commute to work. Yes it's the old real estate mantra right of time immemorial location location location and most of the time. Those locations were big cities. Were most of the jobs were concentrated and as a result buying home in these cities had become kind of blood sport. The new york real estate market the san francisco real estate market. These were insane markets where there were bidding wars with twenty thirty forty buyers glimpses smaller cities rural areas. Were just a different world. In fact over the last few years housing sales had been a little sluggish and there was a bunch of speculation. About why millennials weren't buying houses. And what was going on. Yeah that has changed. The national association of realtors announced that from may to june just as the covid nineteen crisis was bearing down on businesses and millions of people were losing their jobs pending home. Sales rose more than sixteen percent. That's the biggest monthly rise on record. That is crazy to me because you know like in every five americans is on unemployment like i. It's like blowing my mind that homeownership rates might also be going up or that there's kind of a real estate boom but it sounds like there is well. It's white collar professionals who are able to work from home in some ways. This is a sign that the economy is just officially split in two. You have people who are worried about unemployment benefits running out and at the same time you have other people who are able to work from home and thinking about the home all the time and that's where they want to spend their money. These are the people who are really benefiting now because even if the economy is going through a crisis for them it's not crisis just sale. Glenn says that for the people who were lucky enough to have kept their jobs. A huge number of them are working from home now. And that's changed everything the traffic to listings that are in towns with populations of less than fifty thousand people is up eighty seven percent in other words. It's no longer location location location. It's more like space space space. And glenn says he's also seeing a big migration of people out of big cities like new york l. a. chicago and san francisco to smaller cities. Like palm springs tucson austin grand rapids and nashville and tiny san francisco and new york apartments. That used to have forty people. In a bidding war people have been leaving those places in droves tanya zapata and her husband moved to san francisco about seven years ago at the time they got one of those overpriced apartments in san francisco but a couple of months ago tanya and her husband noticed that a lot of people were moving out of their high rise. I started seeing a lot of people moving out of the building and tiny and her husband started to think maybe they have the right idea and they started looking around on the internet and then one day my husband saw this house and not by which is in the middle of vineyard and and the house is so beautiful because you have been yards all around the house It has space with fruit trees and also Raised beds for for growing your own vegetables. So we were like this is amazing. Go to napa. The house was not cheap. In fact it was about twice the rent that they were paying in san francisco but it had more than three times. The amount of space also their parents could move in with them. They had this big yard and all this land for their daughter to run around. Glenn kelman ceo redfin. He says people are making tania's calculation every day now paying the same amount of money that they're paying city but getting way more space for example he is seeing a lot of requests for extra bedrooms for parents and grandparents and requests for extra rooms for offices and home gyms

Glenn Kelman San Francisco Redfin New York National Association Of Realto Tanya Zapata Glenn Middle Of Vineyard Palm Springs Grand Rapids Tucson Nashville Tanya Austin Chicago Napa Tania
Nearly 18% of homes in Washington, DC area were bought in all-cash deals this year

WTOP 24 Hour News

00:20 sec | 2 years ago

Nearly 18% of homes in Washington, DC area were bought in all-cash deals this year

"Fewer homes are being bought with cash because of historically low interest rates. Redfin says that nationwide, the share of homes bought with cash has fallen to its lowest level in 13 years to 24% in the D C area. Nearly 18% of homes have been bought in all cash deals this year, but that's actually up from last year's number of about 14%.

Redfin
Seattle ranks as most competitive housing market in U.S., study finds

Afternoon News with Tom Glasgow and Elisa Jaffe

00:25 sec | 2 years ago

Seattle ranks as most competitive housing market in U.S., study finds

"Housing market in the nation, with 71% of homes selling and under two weeks, according to a new study released this week. The study from Lombardo Holmes is based on a nationwide survey of Homebuyers and sales data from online real estate site Redfin. The study also found that the real estate market is booming despite the pandemic, with competition among Homebuyers increasing across the country and there come on news time coming up

Lombardo Holmes
Fair housing groups sue Redfin, allege discrimination

AP 24 Hour News

00:42 sec | 2 years ago

Fair housing groups sue Redfin, allege discrimination

"Reporting fair housing groups file suit Accusing Redfin of red lining My Gorriti communities. A lawsuit filed in federal court in Seattle accuses Redfin of systematic racial discrimination, according to the complaint filed by several fair housing organizations, a two year study found Under its minimum price policy, Redfin was vastly less likely to offer full realtor services in overwhelmingly minority neighborhoods than it was in overwhelmingly white ones. Laws had asked the court to block any Redfin policies found to violate federal Fair housing law and seeks punitive damages in a statement. Redfin CEO Glenn Kellman said the company is committed to serve every person seeking a home in every community profitably. I

Redfin Seattle Glenn Kellman CEO
Major Real Estate Website Now Shows Flood Risk

NPR's Business Story of the Day

03:52 min | 3 years ago

Major Real Estate Website Now Shows Flood Risk

"D. Y. E. N., dot com slash NPR to learn more many people who lose their homes wildfires or in hurricanes did not know they were in harm's way. You can understand that this might happen. You know that the houses near the words or near the. Coast, but you don't quite realize the risk don't quite realize the extent of the danger. One major real estate site is now showing a homes flood risk along with photos of the kitchen and living room so that people will know this is one way that climate change has become a more direct part of home-buying. A long-term decision that a lot of people make our reporting from NPR's climate team starts with NPR's Rebecca Hersher. It's obvious to a lot of Americans that climate change means more flooding more than a thousand homes and businesses are flooded in the Jackson Mississippi Southern Louisiana Sixty thousand homes north. West of Omaha is still dealing with the math more than four hundred homeowners. Even, though government flood maps have been around since the seventies, there was no mention of flooding on real estate websites until today Leslie Jordan is a vice president of the website realtor dot com, which lists more than one hundred, ten, million homes. Flooding is the most common costly natural disaster in the US. So realtor DOT COM has added flood information to every listing Jordan says that's thanks in part to a new privately funded fled information project called flood factor. Matt E B. is one of the CO founders of. Flood factor which rates houses on a scale from one to ten. So if it's very likely a very deep flood, you'll get a flood factor of ten for that property. If it's very unlikely, then it'll be a flood factor one, the ratings take into account climate change particularly sea level rise and more extreme rain ev says that kind of Info has actually been out there for years. It's just that regular people haven't had access to it. A. Democratization of this information is the way that we like to think about. It because there are people who already have this information and they're already acting on it people like mortgage insurance companies and large real estate developers, some of which have fought against public flood disclosure laws. So are other real estate sites also going to add this information. Can you say We are hopeful and happy to engage in those conversations with folks and that less than specific answer made my colleague Pr's Climate Team Lauren summer wonder what is going on with the other real estate websites so she called them i. I I asked Zillow if they're thinking about publishing flood, risk their number of challenges with that, and it's something that I think sooner or later would be a great feature to include Jeff. Tucker is an economist at Zillow who has studied how the homes they help sell art risk from climate change hundreds of billions of dollars just tremendous amount of real estate at risk primarily from coastal flooding for instance, Tucker. Says the company has had internal discussions about including flood risk, but they expect pushback from some users the current. May Be very unhappy to have that kind of information surfaced. If they're interested in selling their home, I heard the same thing from Taylor Mar lead economist at red. Fin. Could this actually reduce the value of this existing homeowner and essentially take away a lot of their net worth Marceau's on the buyer side Redfin survey show that three quarters of them. WanNa know about natural disasters before making an offer but he says that Info can't. Crowd out other fell on the website. If we made the whole front page just about flood risk, they might not be as easily able to navigate how long the commute is. For example, Maher says they're looking at testing including flood

NPR Dot Com Zillow Leslie Jordan Marceau United States Tucker Jackson Mississippi Southern L D. Y. E. N. Omaha Matt E B. Rebecca Hersher Vice President Maher Redfin WAN Jeff
Seattle-area home prices unscathed by coronavirus pandemic

Seattle Now

05:38 min | 3 years ago

Seattle-area home prices unscathed by coronavirus pandemic

"The covid nineteen pandemic may have done a number on the Konami, but one area seems to be immune Seattle's. Is Still on fire, and all of this time inside has given homebuyers some time to think about what they need. Now Daryl fairweather knows something about that. She's the Chief Economist Redfin Hi Daryl. Hi? Be here. So Seattle's housing market was one of the hottest in the country before the pandemic give me the skinny on how it looks now. Seattle housing market is just as hot as it was before it's almost like that blip where we took a v-shaped dip is through it, and now the housing market is back. It's pretty astonishing. I know some potential first time home buyers had hoped. This was going to be there time. The economic disaster would help them actually get into the market that hasn't panned out at all why haven't prices gone down as the economy has taken a hit here. This pandemic recession is really nothing like the two thousand recession in the two, thousand, eight recession it started in the housing market with foreclosures, and after that, a lot of safeguards are putting in place where people with really excellent credit could get mortgages for homes or people who had the cash to buy homes outright, and since then home values have gone up especially in Seattle. So people have a lot of equity in. Their homes, which gives them a lot of cushion to keep paying their mortgage or refinance their mortgage at Super Low rates that we have right now. So there really isn't a lot of pressure on the housing market. If anything it's resilient. So a lot of people are working from home right now is well, maybe they need a little bit more space. How has that changed? What people are looking for in a House Yes that is another unique thing about this pandemic recession is is changing the relationship people have their homes before it used to be that the openly out was most desirable layout in a home. That's where you have this like really big area for entertaining where the kitchen flows. Until the living room people don't want that anymore. They don't want to hear the noise of their partner cooking while. They're trying to do work and living room are having their kids on their devices in the living room when they're trying to do work from there from the same space. So people want separate spaces for each family members. So they can each work from home or home school or whatever is that they're doing having just spent four months in the House with my family. I. That makes complete sense. We've just been together to learn. I think everyone's feeling that I wonder if part of this is a little bit of zoom and the because people can see into your house now. So the space that you're creating around you is also your professional environment in some cases. Yeah. I think that's true. It's not just the clothes that you wear to work anymore people are living and your background, and that gives them a sense of who you are as a person absolutely absolutely and You know buying and selling a home is an extremely emotional experience and we're at a pretty vulnerable state right now as humans I wonder how that showing up. Are you seeing that show up in the way people are buying and selling their homes? There's a lot of competition for home by right now, more than half of redfin offers are facing competition and I think that feeds into the behaviors we're seeing where people are really urgent to get home and we're also seeing war sight. Unseen offer is nearly half of homebuyers report having made an offer on a home before even setting foot on it. So people are kind of racing each other to see who can go through that three tour passes put an offer and fastest. So I think speed of the market is just accelerating. That sounds pretty reminiscent of the last frenzy we were having around home-buying, but I'm guessing this time around it might be because people aren't totally comfortable having a lot of people coming in and out of their houses right now. Yes both sellers and buyers are embracing technology. They don't want to have to go view the home in person times they'll just have one viewing or sometimes even zero viewings and they'll do a lot of their research online. So it's religious changing the way people are buying homes. I just cannot even imagine having an entirely electronic experience when you're dropping hundreds of thousands of dollars in one place that just seems a Little Bananas Daryl. That's. That doesn't that. That just seems crazy to me people are doing. What about people who can't afford to buy homes in Seattle right now what's happening to renters? So people who can't afford to buy in the city center there looking outside of the city they're looking at the suburbs or small towns even moving across the country because while homeownership is quite unaffordable on places like Seattle, you can get a lot more bang for your buck if you look in a more rural part of Washington or even in the center of the country and our A. Lot of people doing that because it seems like from the things that I'm hearing, you say location location location means different things right now because we are expecting different things from our environments. So then we track how many of our users are looking outside of their own metropolitan area, and that number had a record high last quarter of twenty seven percent. I've read from users looking outside the Metro. So that's been trying to the pandemic and it's probably going to continue especially as more employers. Say that they're going to let employees work for home or work remotely permanently.

Seattle Daryl Fairweather Chief Economist Redfin Konami Redfin Partner Washington
Real estate disruptors got disrupted by COVID-19

Marketplace Tech with Molly Wood

04:00 min | 3 years ago

Real estate disruptors got disrupted by COVID-19

"In a growing number of cities. If you want to sell your house you can get an instant offer from tech enabled companies known as either buyers. If you accept the company may fix up the house a bitch then turn around and sell it within a few months at a tidy profit amidst the pandemic the four biggest I- buyers open doors Zillow offerpad redfin. All temporarily stopped buying houses and March in some cases backing out of deals and laying off staff but now buyers are starting to come back. Mike del Preti has been following this corner of the market. He's a scholar in residence at the Leeds. School of business at the University of Colorado Boulder. Fundamentally I bein. Transfers the risk of selling ones home from the homeowner to the I. Buyer and and somebody needs to pay for that and that's typically the fee that an eye buyer charges of before the pandemic the average fee buyer would charge around seven percent but now the question is are consumers willing to pay ten to twelve percent for the ability to sell their home in this in this environment. I think that's that's one of the big questions that they're going to look. Some housing analysts are expecting home prices to fall this year. What does that mean for this model? If these companies can't buy a house and turn around and sell it at a profit typically an IBM will hold a home for about ninety days So I think the loss of depreciation relatively small but it just goes to the question of fees. If they're going to lose money on that they have to make money somewhere. It's just going to be there. Have to charge higher fees. Do you see all the buyers surviving. I think the IB model will survive. I'm not quite sure of all of the I. Buyers will there's only a very small number of of serious buyers out there zillow offerpad they're not little scrappy. Startups that You don't have a lot of capital these are all very you know. There's a very small number of dig. Well capitalized companies here. So I think you know. They have the runway to To get through this. It's just what the future holds. And that's that's a bit uncertain at this point. How is the pandemic changed? The way they actually do business in terms of buying and selling which has been made harder by social distancing requirements the social distance requirements is. Actually this unintended advantage of the I. Model they can enable consumers to transact the house without interacting with somebody else if you want to buy a home from an eye buyer because they own those homes empty you can go visit them. You can tour it on your own. You don't even have to go with a real estate agent that's an activity that only I- buyers can facilitate just by the nature of their model. So the new programs the ivars rolling out there all about doubling down on that unique competitive advantage they have compared to anybody else in the market when you and I have talked before I think we've both been surprised how much people are willing to pay or give up in terms of profit on their home for convenience and for the certainty of making a sale. How do you think that equation changes in a down economy? I think that the appeal is still there. And if you need to move and you're in kind of a cool market where you don't know how long it's GonNa take to sell your home. The appeal of going to an eye buyer is quite strong and I think folks would be willing to pay for that if that he gets up there too high. It does feel a little bit anti-consumer so that's the billion dollar question. Is What will consumers be willing to pay for that convenience uncertainty in a post on quarrel? Mike del Preti is a scholar in residence at Cu Boulder last year. I- buyers accounted for just one percent of overall home sales according to Red Fin. But del Pretty points out. It's not really a national market yet. The model works best in cities like Phoenix. Las Vegas Charlotte. We're houses or affordable and pretty similar making it easier to price them with an Algorithm Raleigh North Carolina was the top market with. Ibm's making up about eight percent of sales

Mike Del Preti I. Buyer Zillow IBM North Carolina Redfin Phoenix Las Vegas Red Fin Cu Boulder School Of Business Leeds University Of Colorado Boulder Charlotte
The Ruins of Science - astoryof misdirected medical power

Science Friction

10:15 min | 3 years ago

The Ruins of Science - astoryof misdirected medical power

"Hello Natasha Mitchell. With you for science friction. Thanks for joining me. I WANNA offer you to. Dive is really moving story from the history of science and medicine. It comes from will. Let's call it. A Scott had recent past where medical power got misused to fuel the social prejudices of the era and I were prejudices that people still live with the scars of today. Let's not forget that my guest host is professor Claire. Reid acclaimed Australian historian and award winning author. She's host of the shooting the past podcast. Okay so the thing is. I'm staring at this photograph and I have absolutely no idea what I'm looking at. And we are starting with a mystery in the form of a photograph. So I'm going to describe it to you. The chances are you'll be just as clueless. The object is made up of what appears to be a plastic medicine bottle on the bottle. It says log actal fifty mega grams. Poison and cascading from the bottom is a long. Khloe a tube the to be saw long. It's coiled around itself like a Pretzel and at the end of the tube is a tiny metal bell. And that's it. That's why I can't stop staring at these fighter. The more I look at it the more curious becomes is the object device for smoking drugs. Tobacco a backyard bomb maybe or homemade hooker or is this a police exhibit. Perhaps the long tube was used to strangle a victim or administer a deadly narcotic. I could reel off possibilities till the cows come home but I suspect I will never guess. I'm going to need to call in the expert. The woman who showed me the photograph in the First Place Historian K Davidson. What it is is a penile. Politics mcgraff a penalities. Mcgraff is a machine that could be used to measure volume changes in the penis and this is a diagnostic tool. It's basically designed to test responses to erotic stimuli. What you see in the photo so we can see the bottle. We can say the rubber feeding on the top. We can see the long plastic tube. The metal fitting on the other end of that tube would go into a machine which is called a transducer and a transducer is a is an electric machine that measures volume change and that transducer would be connected to people might be familiar with the image of a polygraph. So you have a sort of a Pencil. Attached to a lever that that records changes on a piece of paper and the piece of paper moves through the machine. So get at. The end is a nice lawn which indicates win volume has increased and win. It has decreased. This particular pufus mcgraff in this photo was made by Australians. Archivist Neil McCarthy and this particular photo comes from his personal archive so the object in the photo is a penile. Plethora mcgraff something. I've never heard of before. Let Alone Sane K. Davison has the photo because she's researching the work of Dr Neal mcconnachie as part of her PhD into the history of aversion therapy. In Australia. Aversion therapy cared explained to me was a form of treatment for homosexuality. Remember that in the nineteen sixties when mcconnachie was practicing homosexuality was not only classified as a mental disorder but was infected legal to find out more of the story behind this bizarre diagnostic device. I've come to the Sydney of retired archivist Fabian. Lo Schiavo in Nineteen seventy-one Fabian. Was a patient of Dr mcconnachie. Fabian is warm and inviting but I have to admit he's home is one of the most curious places I've ever been. There's a massive wooden church altar next to the bathroom and every inch of wall and surface base is covered in images of Jesus various popes and random sites. Some classical other satirical fabens house is like a gallery of religious iconography. So how did his life intersect with Dr mcconnachie? And the object in this photo this to Fabian. Is the one that love that intimacy off and then the other one that high status and wanted to get rid of my sexuality in pain told it was his doctor who would do that and professor maccormick. He said to me what we are going to do for. You is Gut. We're going to be out of the inhibit your sexuality and that will mean you might be compelled to go and do the things that are upsetting you visit saw Thought might be able to get rid of my sexuality altogether and maybe go back to the seminary late law with these troubling desires. Look innocent enough. Not Young People Hitchhike but sometimes a homosexual who prey on those least able to defend themselves. And it's looking but then during lunch row showed him some pornographic one never knows when the homosexuals about you may appear. Norman may be too late when you discover he is mentally ill so it's very strong message that you're receiving from your family from society from the medical establishment that you have a problem and you can overcome this problem through treatment. Yes yes but they were. Country Voices My biggest and longest friend from third class. He was in a relationship in Melbourne. He begged me to come and visit him. Then he said Hit with his. Papal is now the church across Lawrence said it's not necessary to do this They were country voices but chose not to heal them anyway. I went as strong as the ones that was saying to me. I could start a whole new life now without this. The winning the next thing that exposes me to sadness in Heart. I can sickness to say thing bashed up everything. Tell me what you say when you look at these fodder. We'll see container. Scott Araba stretched over. That is exactly the thing that I had to put. My pain assumed to win. Always having a version therapy when our look at it brings back a certain embarrassment? Because I had to. I'm doing my trousers and pulled down to put that thing on and Felt very uncomfortable embarrassed but most of the time finding myself in another person who was operating the thing in the room but on Asian a group of Medical Students Kinda mean and really felt very distressed embarrassed. So when I look at this photo I know that that's the thing that pay used. And can you describe that treatment tune your they put the wires on your fingers and then put your penis in that thing that is ineffective graph They knew set down and you wanted and sometimes a slide would come up and you get a shock. Sometimes you wouldn't get a shock. Old Saturday was strange. Very strange what we called it. I video I guess of trains coming. In and out of stations and raid spots ingrain spots on screen also very evenly into main shaky looking film of a lot. Nike Guidi toweling in a Nike. Man's hailing and in the tryon would come in again and people be getting on the train and often Redfin station all the all reckless as we cold. Now and then you'd white and in a slide which it you'd selected so he before the treatment are into look at hundreds and hundreds of sides and make a night of the ones who were exciting to look at as exciting or think so but I think I said Erotic very coy and still an adult language. But certainly they were three or four at the most out of hundreds Were really lovely. And were NAS to look at NAS to fantasize With the way say and so does with the Wednesday came up but sometimes go to shock sometimes not and you had to tilde assistant or professor what level of Pine. It was from north to ten. And the whole time. This is happening. You're sitting there with your pants down. Here's hooked up to thing with the the middle end attached to the Shane years or any understood that at the end of ninety vaguely when the assistant showed me the graph an showed that the you said this is the pain response. You say say how. It's going down like that. Now you're doing okay and so I look are locked looking at the stars but they know I didn't because sweated terribly a win I thought when the shock and winning my not going to get the shock. Because she didn't get a shock every time like with the slide up and this happened three times times dive just for the week as I remember. And you're an inpatient during the status Ed. The sock Catholic would

Dr Neal Mcconnachie Fabian Scott Araba Mcgraff Professor Professor Claire Natasha Mitchell Reid Australia Nike Khloe Sydney Lo Schiavo K Davidson Neil Mccarthy Redfin Shane Thought K. Davison
Who Needs A Realtor? iBuyers Pay Instant Cash For Your House

NPR's Business Story of the Day

04:24 min | 3 years ago

Who Needs A Realtor? iBuyers Pay Instant Cash For Your House

"So if you're looking to sell your house and you don't want to deal with realtors maybe don't want people tromping through your living room while there is another option. Companies called either buyers used these computer algorithms to determine an offer price the downside of this it is typically a lower figure than if you went with a traditional route. Here's NPR's Chris. Arnold Janet Jenkins and her husband recently separated. She moved across the country to North Carolina and they decided to sell their home outside Los Angeles and doing open houses to show. The place was problematic in part because Jenkins has a lot of pets as in parrots and and peacocks and her husband was still living in the house with some of them. This is wrangler. Wrangler is an ECLECTIC parrot. He gets into a lot of mischief. And then of course you have the dog crate and you had the bird cages and it was just not the best environment. Kinda here right now how. It might showing the transfer of my places zoo. She knew the realtors would want the animals and her estranged husband out of the house which would mean him catching the bird each time. The parrot is not my husband's favorite pet also needed some repainting and carpeting to get really ready to show and she didn't want to deal with that and so I started looking up home-buying services in ran into Renton instant buyer or EIBAR. Services are growing very quickly in parts of the country companies such as Red Fin zillow open door and offerpad will give you an offer to buy your house in about a day. Then they'll send it inspector by take a closer look now can get you the money for your home as quickly as a week. Daryl fairweather is red fins chief economist. She says I buying companies also offer flexibility. So you can time the selling of your house perfectly to work with buying a new house and moving the eye buyers then spruce up to has is that they buy and sell them again. Redfin today is releasing a report on all the homes being sold this way around the country in Raleigh North Carolina more than seven percent of sales in two thousand nineteen were either sales so it's becoming quite prevalent there and then in markets like Phoenix Charlotte. Atlanta it's more than five percent of sales and fairweather says in many of those places I by our sales doubled from the year before. Redfin is also buying homes in southern California in Janet Jenkins case. She went online answered some questions about her house. And REDFORD's computers ran their algorithms and offered her around five hundred thousand dollars Jr actually thought that was a bit low and so did two of her friends who are realtors so I pushed back. Redfin made her a better offer and they had a deal. Jagan says she thinks he could have made more. Maybe ten thousand dollars if she took the time to fix up the house herself and sold it the traditional way you delete money on the table and while we did. We didn't leave that much. Redfin does get a fee like a regular realtor commission. The company wouldn't say what it's average profit per home is so. Is it a good idea to try to sell your house this way? William Wheaton is a housing economist at MIT. He says it the key to this whole thing is that it works in places where many houses are similar places. Where a lot of these? Ibm Sales Are Phoenix. Las Vegas you have sprawling subdivisions. Warehouses are almost identical. There's not a lot of difficulty in pricing. Those houses the ones where the swimming pool or worth a little more than the ones without but you can do statistical modeling of that and just nail it be ninety nine percent correct in predicting the press and that means I buy off you just a little less than what. The House is worth and still be confident that they can sell it for a little profit but in areas where has are not similar. Say older cities where some homes are newer. Some old some renovated some are not prices are all over the place in those areas. The I. Buyers have to be really really careful so we didn't says they're like we offer you a very low ball price because they are really sure what the house is worth and they don't WanNa lose money exactly. That's why the I. Buying companies so far focusing on places with a lot of similar housing still waiting says in places like that he thinks buyers could really change the way. Homes are sold in large parts of the country. Chris Arnold NPR

Redfin Arnold Janet Jenkins Daryl Fairweather William Wheaton North Carolina NPR Chris Arnold Npr Jagan Redford JR Janet Jenkins Chief Economist Los Angeles Raleigh North Carolina Red Fin Las Vegas Renton Charlotte California