Technology and the rise of digital real estate companies is igniting a transformation in the way the housing market operates. Jeremy Wacksman, CMO at Zillow, was with us to share which emerging technologies are having the biggest impact on the real estate market.
Zillow brings listings to life with the addition of 3D Homes to for-sale and for-rent listings in Phoenix, Arizona. More than 70% of first-time home buyers are millennials and they consider 3D media to be as important as open houses, according the 2017 Zillow Group Housing Trends Report. Zillow 3D Home will roll-out nationwide later in 2018.
Additionally, 44% of home buyers and 47% of renters are searching for a home from a distance. Listings with a Zillow 3D Home are seeing nearly double as many views as those without, according to the company.
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
Jake Traylor, White House reporter at Politico, joins Cheddar to discuss how Trump is aiming to lower drug prices and how it differs from Biden's approach.
Sheryl Palmer, CEO of Taylor Morrison, talks tariff uncertainty, being a female leader in a male dominated industry and what homebuyers need to know. Watch!
