Weekly Roundup 10/13/21
“A pessimist may sound right, but an optimist usually is right.”
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When looking for a house to buy on Zillow, you start by entering in your desired search parameters. Location, price, # of beds/baths. You get the picture. But is that really all you’re seeing? Not quite.
https://www.fool.com/investing/2021/10/11/zillow-brings-artificial-intelligence-real-estate/
Using their vast array of data, Zillow expands your search parameters through AI and machine learning to predict what you actually want to see. You know, that house you fall in love with and get emotionally tied to.
Also mentioned: a floor plan generator used to estimate the value of your home.
“Though tech-driven real estate gives rise to a slew of opportunities – including more efficient building management, potential cost reductions and greater personalization – it also comes with risks.” So just what exactly are those risks?
https://placetech.net/news/proptech-mission-critical-as-jll-appoints-cybersecurity-lead/
JLL, the world’s second biggest commercial real estate brokerage, has taken note of these risks, and have gone ahead and hired Joe Silva as their information security strategy lead. Once the big boys start to pay attention, you know something serious is going on.
Tesla, the electric vehicle manufacturer, continues to make headlines in the real estate industry. Recently, they’ve relocated their HQ from California to Austin, Texas. So just what implications does that involve?
Data shows that home prices in the zip code 78725, where their current gigafactory is located, has seen a median home price increase of nearly 45% over last year. Surely, this move will accelerate that, as a surge of high income earners will be moving to the area over the next few months.
If you’ve been to a restaurant in the past 18 months, then you’ve likely had to order your food digitally off of a QR code. Now local officials are turning to those little squares to better equip prospective homebuyers.
Attaching them to over 17,000 vacant properties, users can scan a QR code to access a breadth of information about the property. My only question is, how does anyone even know they exist? Is is unit by unit? Or located on a marketing sign outside the property? Either way, a fair use of technology to better inform the masses.
If you’ve bought or sold a home before, you know just how painful that process can be. Takes forever, expensive, and too much paperwork. The future of home buying may look different.
https://www.fool.com/investing/2021/10/09/this-stock-could-grow-at-warp-speed/
Opendoor, the iBuyer who doesn’t need a realtor, pays all cash for a home, and provides a seamless transition might have a hand in that. Adding $9B in debt as of late, they’re using economies of scale to form their competitive advantage. With margins so low, they’ll need to keep hammering away in order to hold on to their market share.
Cheers. Let’s make some money friend.
Twitter @WhyNotWealth