Tag: Redfin
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Boomtowns Become “Buyer’s Markets”—but Don’t Let the Phrase Fool You
The U.S. housing market is now “firmly in favor of buyers,” Redfin says, citing the large number of sellers agreeing to offer concessions to buyers this year. Redfin, the real estate brokerage owned by Rocket Companies, defines a buyer’s market as a city or town where sellers outnumber buyers by at least 10%. Redfin points…
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Compass vs. Zillow: Who Will Reign Over Real Estate?
Compass and Zillow Group are in it to win it – but which company will prevail? Just about everyone has used or heard of Zillow’s real estate website, and most people are also familiar with Redfin. In another major industry consolidation, Rocket Companies – the Detroit-based homeownership platform and parent of Rocket Mortgage – completed…
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Growing Concerns About AI in the Home Buying Process
Artificial intelligence has found its way into everything. Buying a home is no exception—especially if a real estate brokerage or financing company is involved. Today’s buyers are used to AI being part of shopping for most anything. Most people expect it to be part of a real estate deal—bringing efficiency and precision into the process.…
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Can We Use AI Instead of Real Estate Agents Yet?
Real estate sites use AI to offer cutting-edge listing searches. And lenders use artificial intelligence when sizing up an applicant’s financial strength. Tech-focused online lenders employ AI to help them approve or reject loan applications right away. Additionally, AI can automate various business tasks, thereby reducing the risk of fraud. But can AI manage a…
