Real Estate Software Market Will Showcase Positive Impact During 2020-2024 | Growing Middle-class Population to Boost Market Growth

Technavio has been monitoring the global real estate software market size and it is poised to grow by USD 3,825.16 billion during 2020-2024, progressing at a CAGR of about 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005071/en/

Technavio has announced its latest market research report titled Global Real Estate Software Market 2020-2024 (Graphic: Business Wire).

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Altus Group Ltd., AppFolio Inc., Autodesk Inc., CoStar Group Inc., Fiserv Inc., International Business Machines Corp., LanTrax Inc., Oracle Corp., SAP SE, and

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Redfin: A Disruptive Growth Play In Real Estate (NASDAQ:RDFN)

The digital transformation revolution is offering enormous opportunities for growth across all kinds of areas. Technology is transforming industries such as communications, entertainment, enterprise management, and commerce, to name a few noteworthy examples among countless others. The real estate sector is now poised for disruption too, and Redfin (NASDAQ:RDFN) could benefit from exponential growth opportunities due to this trend in the years ahead.

A Disruptive Business Model

Redfin has a clear mission “to redefine real estate in the customer’s favor”. The company’s name is an anagram that encodes “Friend” and “Finder”. The company is well-known for charging a commission of 1.5% or even 1% if you sell and buy with Redfin as opposed to the standard 3% commission charged by most competitors.

Redfin uses technologies such as map search and virtual house showings to increase exposure, improve the quality of the customer experience, and to deliver efficiencies and cost savings.

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U.S. Home Prices Up 15%, Largest Growth Since at Least 2005

SEATTLE, Oct. 8, 2020 /PRNewswire/ — (NASDAQ: RDFN) — The median home sale price increased 15% year over year to $320,625—the highest on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The largest increase ever recorded in the Case-Shiller national home price index (which goes back through 1988) was 14.5% in September 2005.

Below are other key housing market takeaways for 434 U.S. metro areas during the 4-week period ending October 4.

  • In the week ending October 4, home prices were up 16% from the same week a year earlier. Since the four-week period ending July 5, home prices have increased 6.8%. Over that same period in 2018 and 2019, prices declined an average of 4.4%.
  • The median asking price of new listings was up 14.0% from a year earlier, an uptick from 12.9% during the
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Current Social Capital Hedosophia Holdings Corp II Price Values Opendoor Like A High Growth SaaS Company (NYSE:IPOB)

Surge in IPOB Price Due to Opendoor Announcement

Over the last month, shares of Social Capital Hedosophia Holdings Corp II (IPOB) have risen ~70%, in large part due to the announcement that IPOB will be used to bring Opendoor public. I was an early shareholder of IPOB with the overall thesis that given Chamath Palihapitiya’s impressive track record, there was a high likelihood that he would succeed in putting together a deal that would drive up the value of IPOB. That thesis has played out as expected leaving me with another question: now that the original thesis has played out, are the shares still worth holding?

ChartData by YCharts

There is already a lot of good research on the fundamentals of Opendoor’s business, so I will not repeat those details in this article. In particular, I recommend this Seeking Alpha article Knock Knock. Who’s There? Opendoor. Chamath Just SPAC’d The

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Internet Protocol Camera Market – Actionable Research on COVID-19|Growing Adoption of Smart Homes to Boost the Market Growth

The global internet protocol camera market size is poised to grow by USD 8.47 billion during 2020-2024, progressing at a CAGR of over 14% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005618/en/

Technavio has announced its latest market research report titled Global Internet Protocol (IP) Camera Market 2020-2024 (Graphic: Business Wire)

The growing adoption of smart homes will be a significant factor in driving the growth of the IP camera market. The increasing number of thefts and burglaries in various countries has boosted the demand for security solutions,

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Home Prices Up 14%, But Price Growth May Wane Soon

SEATTLE, Oct. 5, 2020 /PRNewswire/ — (NASDAQ: RDFN) — The median home sale price increased 14% year over year to $319,769—the highest on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The 14% jump was the largest since August 2013. Since the four-week period ending July 5, home prices have increased 6.5%. Over that same period in 2018 and 2019, prices declined an average of 4.2%



Below are other key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 27.

  • The median asking price of new listings was up 12.8% from a year earlier. This growth rate has been declining since the four-week period ending August 30, when it peaked at 15.7%.
  • Pending home sales climbed 30% year over year.
  • New listings of homes for sale were up 5% from a year earlier. Year-over-year growth in new
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Fiber Optics Market – Actionable Research on COVID-19 | Increase in the Number of FTTH Homes and Subscribers to Boost the Market Growth

The global fiber optics market size is poised to grow by USD 2.44 billion during 2020-2024, progressing at a CAGR of almost 5% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005444/en/

Technavio has announced its latest market research report titled Global Fiber Optics Market 2020-2024 (Graphic: Business Wire)

The increase in the number of FTTH homes and subscribers is the key factor driving the market growth. A higher number of customers are opting for fiber optic connections to leverage broadband services. This reduces the requirements for customer premises

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Washington Real Estate Investment Trust: DC Metro Stability And Redevelopments Will Fuel Long-Term Growth (NYSE:WRE)

Thesis

Washington Real Estate Investment Trust (WRE) (“WashREIT”) has exposure to an extremely stable market in the Washington DC metro area. Its properties cover ground in downtown DC, northern Virginia, and Maryland suburbs. The diversified REIT boasts multifamily, office, and retail holdings.

Management has de-risked its portfolio by transitioning to lower-cap rate, lower-risk, and higher-growth suburban multifamily properties. Capital recycling from high-cap rate to lower-cap rate properties has resulted in a short-term decrease in core funds from operations per share and an underperforming stock price. However, the company is well-positioned for the long term with a suburban multifamily focus.

The sector and market focus position the company to benefit from population and employment migration to the region, as well as a continued housing shortage. WashREIT is undervalued due to its diversified nature and recent core FFO per share declines. Suburban office is stable, and retail makes a small portion of

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World Cities Saw Modest Growth in Home Values During Second Quarter

Global cities experienced only modest growth in home values from April through June, as much of the world faced some form of economic lockdown, according to new data.

House prices in 150 urban centers rose by an average of 3.4% in the second quarter of 2020 compared to the same period last year, according to Knight Frank’s Global Residential Cities Index, published on Thursday. While it marked a very slight downtick from the 3.6% annual growth recorded in the first three months of the year, the massive economic disruption caused by the pandemic appears not to have had an immediate impact on city home prices.

Indeed, there were still pockets of extreme growth even in the face of uncertainty, particularly in Turkey, where astronomical price growth in three cities led the entire index. The Turkish port Izmir, the country’s third most populous city, saw home prices shoot up 28.1% in

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Condo Prices Climb 5.4% in August, Lagging 11.9% Growth for Single-Family Homes

SEATTLE, Oct. 2, 2020 /PRNewswire/ — (NASDAQ: RDFN) — Condo sale prices in the U.S. increased 5.4% year over year to a median of $266,000 in August, trailing growth in single-family home prices, which surged 11.9% to $343,000, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s the largest price-growth gap between the two property types since 2014.

About one in five condos (21.9%) sold for above the price at which it was listed, up slightly from 19.2% in August 2019. That compares with one of every three single-family homes (33.6%), up from 24.3% a year earlier and the highest share on record.

“Home prices have been growing across all property types, as record-low mortgage rates have suddenly equipped Americans with more buying power. But condos have experienced relatively modest price growth because the coronavirus pandemic has motivated many homebuyers

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