There has been much speculation that mainland Chinese homebuyers will pull back their California property purchases amid China’s economic slowdown as the country’s escalating trade war with the U.S. dampens growth. These concerns were fueled by reports from Beijing recently that China’s economic growth slowed to its weakest pace since the first quarter of 2009 […]
UBS Global Real Estate Study Finds Only One City Undervalued
Only 1 of 20 global housing markets is considered undervalued in a recent UBS Global Real Estate study. Chicago was this city. UBS surveyed 20 cities around the world to assess which are at the greatest risk of a housing bubble. 16 of the 20 cities fell into the overvalued and bubble risk categories. What is […]
The Starbucks Effect – How Starbucks Stores Affect Home Values
Having a Starbucks location nearby is great for coffee drinkers. However, did you know the benefit it has for homeowners? The Starbucks effect adds value to help homeowners maximize their real estate investment. While people can have differing opinions about Starbuck – see all of the mania surrounding their Christmas, I mean holiday cups – one […]
What is REX Real Estate? An AI-Driven Company Changing the Industry
At its core, REX Real Estate is an alternative to selling on the multiple listing service (MLS) with a traditional real estate agent. What is one of the biggest complaints when selling a home with an agent? High commissions rank right up there. Usually, it’s the number one complaint. $30,000 to a real estate brokerage […]
Home Price Reductions Becoming More Common in the National Market
A recent Zillow analysis discovered a trend of home price reductions across the United States. The number of homes on the market that have reduced their price to be more appealing to buyers is growing. In June of this year, 14.2% of U.S. homes listed for sale on Zillow had at least one price cut. That’s […]
Are Real Estate Commissions Negotiable in California?
With home sellers paying real estate agents significant fees for their services, many California homeowners are unaware how real estate commissions area set. Are real estate commissions negotiable in California? Yes! In the California Association of REALTORS Residential Listing Agreement (C.A.R. Form RLA), which is a very common contract used in real estate transaction, there […]
When Will the Housing Market Crash?
With U.S. home prices appreciating rapidly and the memory of the great recession not that distant, it’s natural to ask, when will the housing market crash next? According to a recent report by Zillow, more than half of U.S. homes are valued more than their peaks before the Great Recession. The median home sales price in […]
How Do REALTORS Get Paid?
For those of us who haven’t bought or sold a home before, you may be wondering how do REALTORS get paid? When someone is ready to sell their home and decide not to do it themselves, but rather hire a professional, they often will solicit the services of a real estate agent (affiliate link). The REALTOR will, […]