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ProspectNow Blog

Buildout Announces Acquisition of ProspectNow

Chicago, IL—Buildout, the developer of the premier commercial real estate (CRE) dealmaking platform used by over one-third of brokers, today announced that they acquired ProspectNow, a premier provider of AI-powered real estate property and owner intelligence. As part of this acquisition, Buildout will integrate ProspectNow with its solutions. “The ProspectNow

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Less Homes Being Built and How it Affects the Market

Will Fewer New Construction Homes Impact the Market? Low mortgage rates during the pandemic sent the housing market on an unprecedented run. Now, with buying power and mortgage affordability plummeting, the demand for homes is falling. However, prices remain elevated and complex factors on both sides of the equation could

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The Last 5 Years of the Housing Market Cycle

Can the Housing Market Cycle of the Past 5 Years Help Predict the Future Market? Real estate follows fairly predictable cycles. However, the pandemic of 2020 unseated the fairly steady housing market patterns established in recent years. This instability can make it challenging to predict when to enter the market,

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Finding Motivated Sellers of Off-Market Properties

Finding Motivated Sellers of Off-Market Properties Learning how to find motivated sellers is a critical skill for real estate agents and investors alike. Of course, your goal is to find these sellers before they list their property. It might sound tricky, but with this advice, you’ll be able to locate them first

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How Rising Layoffs Will Impact the Real Estate Market

How Rising Layoffs Actually Impact the Real Estate Market During the pandemic, central banks dropped interest rates to bolster slow markets and keep the economy moving. What happened next was completely unplanned. Consumer confidence skyrocketed, causing a housing market boom that more than offset whatever uncertainty the pandemic had caused. 

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How to Find Distressed Properties

How to Find Distressed Properties in Your Market Right Now Real estate investors often search for fancy new residential or commercial units in new communities that can make a quick buck. These properties can sometimes generate lucrative real estate income and quickly skyrocket in value when more people want to

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How is the 2023 Housing Market Different From 2008?

How is the 2023 Housing Market Different From 2008? When the pandemic started in 2020, the Federal Reserve anticipated a major downswing in consumer confidence. This led to a great decline in borrowing activity. To stimulate the economy, they lowered interest rates to record lows, causing the average 30-year mortgage

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Real Estate Markets to Keep Your Eye on in 2023

These Are the 3 Real Estate Markets to Watch in 2023 — And What Brought Us Here Over the past couple of years, mortgage rates have soared, putting welcome pressure on a housing market sizzling out of control. Recently, this inferno has begun cooling. It’s led some analysts to wonder:

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Housing Market Recession vs. Depression

 . Recession vs. Depression As interest rates continue to climb, so does the cost of living. In the housing market, everyone’s eyes are watching the mortgage rate as it reaches double and triple its pandemic lows. It’s normal for prices to fluctuate throughout the year, but understanding the interplay of

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Is Direct Mail an Effective Marketing Strategy in Real Estate?

Everything You Need to Know About Real Estate Direct Mail  Before the internet, direct mail was the No. 1 marketing technique for real estate professionals. However, new technologies like email and social media soon replaced real estate mailers as the preferred method for generating leads and increasing awareness. Research from

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