Author Archives: Daniel Houston

Mark Cuban thinks metaverse real estate is ‘the dumbest’ thing ever

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The billionaire investor and NBA franchise owner thinks buying virtual plots of land in a crypto-fueled metaverse is dumb. Like “super, meta, immaculately dumb.” Continue reading →

Loan applications for home purchases continue 6-week slip

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Purchase loan activity has dropped in five of the last six weeks as some buyers remain wary, according to the Mortgage Bankers Association. Continue reading →

Homeward sheds 20% of workforce amid ‘sudden and sizable’ downturn

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Founder and CEO Tim Heyl told employees in a letter Wednesday that the slowing market had made a sizable dent in the company’s “buy with cash” product, according to a spokesperson. Continue reading →

Housing ever costlier in July, despite inflation’s sudden dropoff

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A steep drop in gas prices offset the rising costs of housing and food for many families. Prices were still up 8.5 percent year over year, says a report from the U.S. Bureau of Labor Statistics. Continue reading →

More people than ever ask Google: ‘Will the housing market crash?’

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Interest in the housing market has piqued on Google, with searches for whether a crash is imminent shooting up in 2022. The spike suggests homeowners are nervous about their market timing. Continue reading →

Home inventory rose at record pace in July, despite fewer new listings

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The long-awaited recovery in home inventory is in full swing. It’s not being driven by a rise in new listings but by the ongoing slowdown in demand from buyers, according to Realtor.com Continue reading →

Snapchat billionaire closes deal for Holmby Hills estate

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Evan Spiegel has completed the purchase of a second L.A. property. The two tracts will form a four-acre, $145 million estate lying across the street from the Playboy Mansion, according to reports. Continue reading →

Affordable housing measures nixed from US climate bill

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The bill contains several of Democrats’ top legislative priorities. But several big affordable housing proposals missed the final cut. Continue reading →

Keeping agents ‘out of orange jumpsuits’: 3 tips on blockchain

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One company prepares for a seismic shift to an entirely blockchain-based financial system for home transactions. Teresa Grobecker and Sheila Fejeran made their case at Inman Connect. Continue reading →

As proptech stocks get clobbered, investors look to the future

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Proptech stocks have lost a quarter of their value over the last year. Investors at Inman Connect Las Vegas Chris Gough, Krishna Srinivasan and Paul Hurst, say there is still a lot to like. Continue reading →