Previews

  • People are taking longer to decide on a home to buy, and many will view their short-listed properties more than once before making an offer, according to a new survey. Zolo, a Canadian real estate firm, said its survey of almost 2,000 recent home buyers that the average person spent around 124 hours, or just… [Continue Reading]

    The average buyer spends 124 hours searching for a home, survey finds
  • Builders are increasingly focused on catering to so-called baby boomers, or those aged 55-years and up, with communities designed especially for their needs. BUILDER reports that baby boomers are perhaps the most significant demographic for homebuilders, as they currently number around 76 million and hold around two-thirds of home equity in the U.S. And so… [Continue Reading]

    Builders renew their focus on baby boomers
  • Researchers from Duke University claim that African American homeowners in Chicago missed out on billions of dollars in wealth from 1950 to 1970, due to what it says were “racist real estate policies”. Throughout that 20-year period, African Americans living in Chicago bought 60,100 homes, of which, around 70% were sold on contracts that enabled… [Continue Reading]

    Report shows how mortgage firms stole black wealth in Chicago
  • A quarter of U.S. adults say they’ve relocated to pursue a romantic relationship with the person they love at some point during their lives, and doing so generally pays off, according to a new survey. Some 27% of men said they’d relocated in the past compared with 23% of women respondents in the survey of… [Continue Reading]

    A quarter of U.S. adults have relocated for love
  • In most major cities in the United States, homes in gayborhoods are worth more than the typical home – in some cases several times more. To identify gayborhoods across the country ahead of Pride Month, Zillow analyzed data from the American Community Survey to find which neighborhoods have the highest share of same-sex couple households… [Continue Reading]

    Zillow: ‘Gayborhood’ homes come at a premium

Realtor.com CEO Ryan O’Hara steps down

Ryan O’Hara is stepping down from his role as CEO of Move Inc., the company that operates the realtor.com website, after four years. The company says it’s now searching for a successor to O’Hara, who has led it since January 2015. “Ryan has transformed realtor.com, overseeing a period of remarkable growth, with revenues more than […]

What is 3D Architectural Rendering?

3D architectural rendering converts a three-dimensional object into a 2D image. It’s typically done on a computer, and it allows the architect, or anyone else using the image, to see the 3D object on a 2D surface, like a computer screen. This image can then be manipulated in many different ways and used for a […]

Investors hire Uber & Lyft drivers to spot potential home flips

Real estate companies and investors have hit on the idea of hiring drivers from Uber and other ride-sharing firms to help them search for new properties to flip. The theory is that the drivers can serve as an extra pair of eyes for such companies, helping to spot rough diamonds on their routes that could […]

Computer vision-based interior design firm Modsy raises $37M

Computer vision startup Modsy is looking to expand after raising $37 million in a Series C round of funding led by TCV. The round brings its total funding to over $70 million. For those who aren’t familiar with Modsy, it’s essentially a kind of virtual design app that combines its computer vision tech with human […]

Nextdoor, the social network for neighborhoods, raises $123M

“Local” social networking site Nextdoor, which aims to bring together people who live in the same neighborhood, has just raised $123 million in a funding round led by Riverwood capital. Benchmark, Tiger Global Management, Kleiner Perkins, and an undisclosed “large global asset manager” also participated in the round, which brings Nextdoor’s total funding to more […]

High-Tech House Makeover Suggestions for Shoestring Budgets

A list of suggested tech innovations that can turn your home into a high-tech smart abode on a shoestring budget. This is PropTech homeowners must have.