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| Subject: A new era for home-buying: How Zillow, Redfin and their rivals plan to revolutionize real estate, again Sat May 25, 2019 9:14 pm | |
| The peak home-buying season is upon us, but buyers and sellers taking a fresh look at the market will see a much different landscape for real estate technology than they did just a year or two ago — and it’s only the beginning of the changes to come.
- Homeowners in some markets now have the option of selling their homes directly to major real estate tech companies, taking much of the time and risk out of listing a property for sale.
- New technologies and apps are streamlining more of the process of buying and selling a home, aiming to bring to real estate the same efficiencies that Amazon brought to shopping.
- Major players in the space are dramatically expanding their reach and capabilities, aiming to offer end-to-end solutions, including home search, mortgage, transaction and title services.
“There’s a feeling now among Wall Street investors, and perhaps the general public, that everything’s up for grabs, that real estate’s really going to change,” said Redfin CEO Glenn Kelman in an interview with GeekWire. “And when you have 20 percent of the U.S. economy at stake, you’re going to see companies take larger losses and bigger risks to try to win the prize.”
https://www.geekwire.com/2019/new-era-home-buying-zillow-redfin-rivals-plan-revolutionize-real-estate/ |
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