Solving the Post-Close Challenge with Intelligent Automation

Join our upcoming webinar as SoftWorks AI CEO and Avanze CEO explore the advances in tech that allow for greater levels of automation and cost reduction, especially in support of post-close and pre-fund review.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

The 100-years-war over real estate commissions

HousingWire plunges down the rabbit hole of residential real estate commissions, uncovering the past, present and future of this wholly unique part of the economy.

How borrower education can make housing more attainable

The current housing market is making it difficult for prospective buyers to afford a home. Housing professionals need to find ways to better meet buyer needs.

InvestmentsMortgagePolitics & MoneyReal Estate

Is San Francisco’s housing market about to get even crazier?

Pending wave of tech IPOs could send house prices into stratosphere

This year, a number of major Silicon Valley tech companies are set to go public, and it could have a serious impact on house prices in San Francisco.

Uber, Lyft, Slack, Postmates, Pinterest and Airbnb are all planning to launch IPOs in 2019, according to a recent article in The New York Times, and this will likely spur a crop of freshly minted millionaires looking to drop some serious dough to upgrade their nests.

According to the NYT, one agent who specializes in data analytics at Compass said the effect could send house prices in San Fran into the stratosphere as competition among buyers heats up.

Forget about the one-bedroom condo for less than $1 million of the single-family house for $1-3 million, he said, asserting that a lack of inventory could mean that in five years, the average sale price for a single-family home in San Francisco could climb to $5 million, and that buyers will be bringing all-cash offers to the table.

“Now, seemingly the whole city – and not just the financial planners and the real estate agents and the protesters who block tech buses – is scrambling to prepare,” the Times wrote.

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3d rendering of a row of luxury townhouses along a street

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