Tag Archives: Real Estate

This Is the Average Cost of a Home in Every State | MSN

By Samuel Stebbins, 3 days ago

Slideshow from article..

A surge in demand for homes in the United States, in addition to limited housing inventory, has created a sellers market unlike anything seen in recent memory.

Homes are now selling faster than ever before — and also for more money than ever before.

As of August 2021, a typical single-family home in the United States costs $303,288 — up 17.7% over the last year.

Of course, home values are not uniform across the country, and in some states, the typical home costs far more than the national average — while in others, homes cost far less.

Source: This Is the Average Cost of a Home in Every State

What artificial intelligence means for homebuyers, real estate market | CNBC | Real Estate

By Diana Olick, Published Fri, Sep 17 202112:15 PM EDT

https://www.cnbc.com/video/2021/09/16/artificial-intelligence-takes-over-the-real-estate-industry.html

Photo by Binyamin Mellish on Pexels.com

Brick-and-mortar real estate may seem like the only tangible thing left in an increasingly virtual world, but it too is being taken over by artificial intelligence.

Some of the biggest names in the business, such as Compass, Zillow and LoanSnap, are now employing AI to help find buyers the perfect mortgage and the perfect home. And for real estate agents, it may already be a game-changer.

Most real estate data is public, from land records to title documents, purchase price and even mortgage liens. The trouble was it was an onerous process to go to local offices and obtain all the information. Not anymore.

Computer algorithms can now go through millions of documents in seconds, looking through property values, debt levels, home renovations, and even some of a homeowner’s personal information.

At LoanSnap, a San Francisco-based mortgage lender, AI is used in various steps of the mortgage process, from finding the perfect loan type for a borrower to finding the right investor for the loan.

Source: What artificial intelligence means for homebuyers, real estate market

Americans Have Discovered the Garden, and Celebrities Want In – The New York Times

Many of us turned to gardening for solace during the pandemic. Now Martha Stewart and Drew Barrymore want to guide us to green thumbs.

By Ronda Kaysen, April 16, 2021Updated 8:34 p.m. ET

Trisha Krauss

Last spring, as the world descended into a collective panic, Drew Barrymore planted her first lawn.

“I did not think I could do this,” said Ms. Barrymore, 46, who until last year did not include gardening in her exhaustive list of achievements.

And yet, the actress, writer, producer, businesswoman, mother and recent television host managed to make grass grow. “It was all barren. I got the water and the rake and the bag of seed and I waited weeks and watched it grow,” she said, speaking by phone as one of her two daughters vied for her attention in the background.

Source: https://www.nytimes.com/2021/04/16/realestate/americans-have-discovered-the-garden-and-celebrities-want-in.html

How to navigate homebuying this spring as competition surges

By Michelle Fox, Published Sat, Apr 10 202110:26 AM EDT

Prospective buyers visit an open house for sale in Alexandria, Virginia.
Jonathan Ernst | Reuters

When pandemic life began to feel too tight inside the one-bedroom apartment Taryn Orellana shared with her husband, Antonio, she knew they had to move.

In October, the couple decided to buy their first home in Lakewood, Calif. It was harder than they imagined.

“There were periods of desperation, where we would make offers on houses and we weren’t even sure if this one was ‘the one,’” said 37-year-old Orellana, a nurse practitioner.

Source: How to navigate homebuying this spring as competition surges

Real Estate Shell Companies Scheme to Defraud Owners Out of Their Homes – The New York Times

Ozella Campbell says she was tricked out of her home in an alleged deed fraud scheme. Credit Sasha Maslov for The New York Times
Ozella Campbell says she was tricked out of her home in an alleged deed fraud scheme. Credit Sasha Maslov for The New York Times

Partially paralyzed and reliant on a wheelchair, Ozella Campbell spends a lot of time watching television. It was under those circumstances in February 2014 that she saw a commercial urging her to call MyHouseIsADump.com, a company that offered to buy houses in as-is condition, in cash, and to close the purchase within seven days.From Our AdvertisersShe called the toll-free number and within hours, she said, a well-spoken young man appeared at her brownstone, a longtime family home in Bedford-Stuyvesant, a Brooklyn neighborhood in the throes of transformation.

Source: Real Estate Shell Companies Scheme to Defraud Owners Out of Their Homes – The New York Times