real estate Why Zillow is Offloading Half Its Homes at a Loss Zillow is best known for its home price listings service, but the company was also buying up homes using an AI that determined the price. Now about half those homes will be sold (many for less than Zillow paid) and the company will not be buying homes for the rest of 2021. What happened? Business Insider reporter Alex Nicoll explains.
coastal erosion How California's Crumbling Coastline Affects the Housing Market in Idaho Coastal erosion and sea level rise are collapsing cliffs on the California coast and threatening multimillion dollar homes and critical infrastructure. And that is creating a chain of events that reaches far inland — affecting housing markets in places like Coeur D’Alene, Idaho. NBCLX storyteller Chase Cain explains how coastal erosion affects all of us — and why it’s a...
real estate It's Not ‘Impossible': First-Time Millennial Homeowner Shares What She Learned First-time millennial homeowner and NBCLX social media producer Nicole Phillip shared what it was like buying her first Central Florida townhome in this tumultuous market.
California This Desert City of Dreams Sees a Future in the Cannabis Industry The city so nice they named it twice? That’s a phrase usually reserved for New York City. California City has a different story: one of the largest cities in the state, but mostly undeveloped desert land. NBCLX Storyteller Cody Broadway explains the dream sold to many who bought land in the Mojave Desert and waited for a bustling community that...
first-time homebuyers How I Got My First Home in This Market. (No, I'm Not Rich) When the economy tanked at the start of the pandemic, one industry that managed to emerge even stronger than before was real estate
racism Homes in Black Neighborhoods Are Routinely Undervalued by Appraisers, Studies Show Carlette Duffy was trying to sell her home in Indianapolis, Indiana but was getting unsatisfying values at two appraisals. Then she removed photos from the property and had a white friend stand in for a third – and the value shot up. Andre Perry from the Brookings Institution explains the history of discrimination in housing and his research showing that...
Housing Crisis The Pandemic Has Emptied Out Office Buildings. What Happens Now to All That Space? What office life looks like after the pandemic is still an open question. But real estate experts have no doubt there’s going to be a surge in empty commercial real estate. In many cities, developers say some of the buildings can be redesigned to help address the affordable housing crisis. The practice is called “adaptive reuse” and it’s been used...
TikTok Move Over, Zillow. Your Next Apartment May Be Listed on TikTok TikTok’s latest challenge may be finding you a new home. Some savvy real estate agents are taking advantage of the massively popular app to show off their listings—and sometimes renting them out based on nothing but the video. Alexander Zakharin of GZB Realty in New York City has been posting virtual apartment tours on TikTok during the pandemic and tells...
bermuda Ever Wanted to Work From a Tropical Island? For Some, Now Is the Perfect Opportunity Bermuda, Barbados, Aruba and Jamaica are some of the countries offering “digital nomad” programs for international workers who want to ride out the pandemic abroad. NBCLX’s Noah Pransky gave it a try.
real estate Buying Your First Home? Do These 5 Steps Before Anything Else! Home loan rates have trended downward through most of this year, bolstering demand from would-be homebuyers.
