Real Estate News and Auction

Keller Capital, Tom Ferry, Spencer Rascoff, Altman brothers among the industry investors in Austin-based phone gaming company

 

 

 

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According to the National Association of Realtors, 26% of home buyers in 2022 were first-time buyers.

 

 

 

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Closing Theory co-founder Nitin Rajinikanth says games from his new studio will target the most casual of casual video game players.

Consider these six important factors when establishing the value of a property for potential investments.

 

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"We have seen corporate landlords—who own a larger share of the rental market than ever before—use inflation as an excuse to hike rents and reap excess profits beyond what should be considered fair and reasonable."

 

 

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U.S. employers added 187,000 jobs in July, a slower but still solid pace of growth, suggesting the Federal Reserve may be able to curb inflation without triggering a recession.

The Fed is on a trajectory to get back to its 2% inflation target, and can get there by holding rates at the current level for a long period, Bostic said.

 

 

 

 

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Welcome to another episode of the AZREIA Show! In this episode, host Marcus Maloney and co-host Mike Del Prete are joined by special guest Ethan Gao to discuss various topics in the real estate and financing space. Ethan shares his story and insights, providing valuable information for investors. If you want to be a better investor, this episode is a must-listen. So grab your headphones and get ready to take massive action with the AZREIA Show!

Key Takeaways:
02:40 Ethan's college and law school journey.
05:39 Saving money with low expenses.
08:58 Wall Street lessons and hard money lending.
12:40 Special situations loans.
15:33 Lending other people's money.
20:34 Life insurance and death benefits.
24:01 Life insurance policies for investment.
26:49 Loan guarantor and risk assessment.
31:00 Bad deals and recovery.
31:46 A super special situation.
35:18 Evaluating Deals and Rejecting People.
38:29 Crystal ball predictions.
40:58 Go against the grain.
44:13 Take massive action.




🎓AZREIA’s Core Education Classes are specifically designed for new investors to develop their critical skills quickly and effectively.


🎓Our strategy classes are provided through AZREIA and others and deliver an advanced level of knowledge.


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An economist says buyers looking for starter homes are in for a "wild goose chase".

 

 

 

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The ruling against HomeServices of America in federal court on Wednesday sets the stage for a likely Oct. 16 start for the first of two highly anticipated bombshell commission trials later this year. likely Oct. 16 start for the first of two commission trials this year.

A giant transfer of wealth from public sector to the private sector has made the economy less responsive to Fed tightening, says billionaire investor Ray Dalio.

 

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Housing inventory had another slow week, with less than 3,000 homes added to active listings. Will we see an early seasonal decline?

 

 

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AZREIA Phoenix Monthly Meeting AZREIA has monthly meetings in Phoenix, Tucson, Prescott, and Bisbee. The Phoenix meeting is held on the 2nd Monday of the month. These meetings are full of education, information, and networking.

 

 

 

 

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Does the U.S. economy's hoped-for soft landing apply to the housing market, too? Here's what the latest real estate statistics say.

 

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Newly remodeled home in Old Town Scottsdale 1900sq Ft this home features new kitchen 2bathrooms wood floors in main area carpet in bedrooms and flex room new pool in 2019 in ground spa new plaster in 2019 new underlayment on roof in 2022 new Ac and heat 2019 new windows on the sides 2022 and new pavers on the patio this home has a very open floor plan with plantation shutters throughout a must see .

 

 

 

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The world still wants to buy US debt, and the dollar’s dominance won’t be affected by the Fitch downgrade.

 

 

 

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America’s hottest city is still booming.

 

 

 

 

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Redfin shares dropped more than 10% in after-hours trading Thursday after the company reported a 21% drop in revenue as it continues to face headwinds from a slumping housing market.… Read More

 

 

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A 10/6 ARM loan, also known as a 10-year fixed-to-adjustable rate mortgage loan, is a type of mortgage loan that involves a fixed interest rate for the first ten years of the loan term, followed by an adjustable interest rate for the remaining six years. This loan is typically structured in a way that allows borrowers to enjoy a lower interest rate during the initial fixed rate period, which can be beneficial for those seeking short-term stability. After the initial ten years, the interest rate can fluctuate based on the market index associated with the loan, such as the London Interbank Offered Rate (LIBOR) or the Treasury Bill rate.

 

The advantages of a 10/6 ARM loan lie in its flexibility and potential for savings. Firstly, by offering a fixed rate for the first ten years, it provides borrowers with a predetermined monthly payment amount during that period. This stability can be highly advantageous for individuals who are planning to sell their property before the adjustable rate period begins or have confidence in their ability to refinance the loan when the fixed rate ends.

 

Furthermore, the initial fixed rate of a 10/6 ARM loan is typically lower than that of a traditional 30-year fixed rate mortgage. This lower rate can translate into immediate savings on mortgage payments and increase affordability during the first ten years. Moreover, borrowers may take advantage of the lower interest rates available in certain market conditions during the adjustable rate period if they decide to hold the loan for the entire term.

 

In conclusion, a 10/6 ARM loan presents a suitable option for graduate school students seeking flexibility and potential cost savings in their mortgage. With a 10-year fixed interest rate and a subsequent adjustable rate for the remaining six years, this loan structure grants borrowers a sense of stability at the beginning while allowing for possible reduced interest rates as the market evolves. 

 

 

 

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Zillow’s Most Interesting Product

  In a year dominated by a confusing market, major advances in AI, and disruptors fighting for survival – Zillow has arguably released its most ambitious product since iBuying: Listing Showcase. 

Why it matters: Listing Showcase represents a new business model – from pay-per-lead to pay-per-listing – which is aligned to how Zillow’s very profitable international peers monetize their market-leading positions. The Listing Showcase product promotes a specific listing with larger photos, enhanced agent branding, and premium placement in search results.

• It’s also exclusive in each market, providing participating agents a unique advantage over other agents (“only my listings are enhanced in this market, making your property stand out”).
   
• The result is a high profile listing with strong agent branding, ideally leading to more seller leads for partner agents.

Dig deeper: For years, seller leads have been the mythical holy grail of online real estate – incredibly valuable, but very difficult to generate at scale.

• One surprise of the last five years was iBuying, which despite its challenges, turned out to be a great way to generate high quality, high intent seller leads (read more: Zillow's billion dollar seller lead opportunity).
   
• Before it was shut down, Zillow Offers was generating tens of thousands of valuable seller leads per month.

Like its overseas peers, Zillow is using the concept of scarcity to increase the value of Listing Showcase; if it were available to any agent willing to pay, it would confer no unique advantage – but offered on an exclusive basis, the value becomes exponentially higher. 

• Without an MLS, nearly all international portals charge agents (or home sellers) on a pay-per-listing basis, with multiple tiers of enhanced exposure.
   
• Australia’s REA Group is masterful in the art of premium listings, which always include larger photos, premium placement in search results, and enhanced agent branding – all of which are features of Zillow’s Listing Showcase.

Yes, but: By only promoting the listing agent, Listing Showcase will cannibalize Zillow’s existing buyer lead business – but that’s not necessarily a bad thing.

• Listing Showcase is a hedge against any potential impact from the various lawsuits that may restrict or change buyer agent commissions.
   
• It also neutralizes the threat of CoStar's "your listing, your lead" product offering.

The bottom line: Listing Showcase is a serious, credible attempt by Zillow to expand its business from selling leads to selling exposure.

• Modeled on its international peers, Listing Showcase has the hallmarks of a classic pay-to-play premium product, which, on a per listing basis, is a significant endeavor for the company. 
   
• At its best, it’s a potential premium revenue stream that’s good for agents (the ones that pay), consumers, and Zillow's bottom line.

 

Writing on LinkedIn, billionaire hedge fund magnate Ray Dalio wrote the Fed's rate hikes haven't worked for consumers.