Big Data And Big Money Leave Houston Real Estate Investors With Crumbs

The reckoning has begun for Houston's community of residential real estate investors and entry-level home buyers. Big money and new software has them out-manned and out-gunned.

Houston, United States - August 14, 2019 /PressCable/ —

“Artificial Intelligence, sophisticated software, massive databases, one minute analyses – Houston home buyers and house investors don’t stand a chance against this army of information,” stated Raymond Campbell of HoustonHomeBuyers.net, “we are real estate professionals in danger of extinction. Some of us will survive on the fringes of the real estate market but I think this is an unstoppable force in residential real estate.”

If a residential property did not sell through a realtor and listed on the Multiple Listing Service (MLS) then it usually was a property in poor physical condition. Enter the real estate professional, house flipper, real estate wholesaler, or investor. They would buy the house, resell or repair, and eventually it would re-enter the housing stock after some (or many) repairs. That model is disappearing. The new model is “Big Data and Big Money” identifying the most promising houses in seconds, making offers in minutes, buying with cash, and keeping them as rentals. The professional Houston house buyers simply cannot compete.

The home buying interest is focused on the standard 3 bedroom, 2 bath house in the $250,000 to $350,000 price range. However, a second market segment is the house priced under $200,000 which is entry-level homes and in high demand. Big Data is acquiring its data from major collectors of real estate data such as Zillow, Redfin, and the Houston Association of Realtors.

The Big Money home buyers are some of the largest hedge funds in the world. They usually use cash for their purchases because it eliminates many potential delays and roadblocks such as working with lending institutions. Cash purchases pay off liens and mortgages which streamlines the real estate transaction.

But professional home buyers in Houston are not the only ones feeling the squeeze. Retail home buyers are finding fewer and fewer options when they decide to buy. The big hedge funds have absorbed a significant amount of the supply – and usually the better houses. So Mr. and Mrs. Homeowner have fewer houses to choose from and usually they are in poorer physical shape and less desirable neighborhoods. And to add a little more salt to the wound, this increase institutional demand has and will continue to drive up home prices.

For better or worse, this is the new real estate market for investors and retail home buyers. Everyone will have to adapt.

Contact Info:
Name: Marylyn Gambill
Organization: HoustonHomeBuyers.net
Address: 440 Louisiana Street, Houston, TX 77002, United States
Phone: +1-281-656-5590
Website: https://houstonhomebuyers.net

Source: PressCable

Release ID: 88907781

Latest News

Facebook paid contractors to transcribe users' audio clips

Aug 19, 2019

NEW YORK — Facebook has paid contractors to transcribe audio clips from users of its Messenger service, raising privacy concerns for a company with a history of privacy lapses. The practice was, until recently, common in the tech industry. Companies say the practice helps improve their services. But users aren't typically aware that humans and not just computers are reviewing audio. Transcriptions done by humans raise bigger concerns because of the potential of rogue employees or contractors leaking details. The practice at Google emerged after some of its Dutch language audio snippets were leaked. More than 1,000 recordings were obtained...

CBS, Viacom to reunite as media giants bulk up for streaming

Aug 19, 2019

NEW YORK — CBS and Viacom announced a long-anticipated reunion Tuesday, bringing together their networks and the Paramount movie studio as traditional media giants bulk up to challenge streaming companies like Netflix. Viacom CEO Bob Bakish, who will become CEO of the combined company, said the new ViacomCBS will be "one of only a few companies with the breadth and depth of content and reach to shape the future of our industry." Analysts say the reunion will help both companies navigate an ever-competitive streaming landscape. Viacom owns Paramount Pictures and pay TV channels such as Comedy Central, MTV and BET,...

Farms turn to technology amid water warnings in Southwest US

Aug 19, 2019

GREELEY, Colo. — A drone soared over a blazing hot cornfield in northeastern Colorado on a recent morning, snapping images with an infrared camera to help researchers decide how much water they would give the crops the next day. After a brief, snaking flight above the field, the drone landed and the researchers removed a handful of memory cards. Back at their computers, they analyzed the images for signs the corn was stressed from a lack of water. This U.S. Department of Agriculture station outside Greeley and other sites across the Southwest are experimenting with drones, specialized cameras and other...

New Michael Moore-backed doc tackles alternative energy

Aug 19, 2019

LOS ANGELES — What if alternative energy isn't all it's cracked up to be? That's the provocative question explored in the documentary "Planet of the Humans," which is backed and promoted by filmmaker Michael Moore and directed by one of his longtime collaborators. It premiered last week at his Traverse City Film Festival. The film, which does not yet have distribution, is a low-budget but piercing examination of what the filmmakers say are the false promises of the environmental movement and why we're still "addicted" to fossil fuels. Director Jeff Gibbs takes on electric cars, solar panels, windmills, biomass, biofuel,...

Streaming music may make cases like Katy Perry's more common

Aug 19, 2019

LOS ANGELES — To show that Katy Perry and the team that wrote her 2013 hit "Dark Horse" may have heard his song and stole from it, Christian rapper Marcus Gray's primary evidence was that his 2009 song, "Joyful Noise" had plays in the millions on YouTube and Spotify. Plaintiffs in copyright cases like Gray, who won a $2.78 million victory over Perry and her co-writers on Thursday, must prove that the artist who stole from them had a reasonable opportunity to hear a song that was widely disseminated, a principle lawyers simply refer to as "access." But does access...

About Us

Science Tech Today is all about the present with what’s new in the Science and Technology world. “Keep up with today, and don’t be left behind.”

Contact us: sales[at]sciencetechtoday.com

Subscribe Now!