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

More News From Spotify News

Power wins shortened Pocono race marred by wreck, weather

Aug 19, 2019

LONG POND, Pa. — The black clouds that enveloped Pocono and officially brought the IndyCar race to a premature end didn't appear until the halfway point. But they've really been hanging over the track since the series returned to the mountains in 2013. A fatal crash. A promising career wrecked by paralysis. And again Sunday, a first-lap demolition derby that sent another driver to the hospital and stirred an angry mob howling for IndyCar to get the heck out of town once and for all. It may be a moot point, IndyCar and Pocono don't have a deal for a...

Alonso breaks NL rookie HR record, Mets crown Royals 11-5

Aug 19, 2019

KANSAS CITY, Mo. — Pete Alonso wasn't even sure he was going to make the New York Mets' opening day roster, so even he never could have imagined the incredible season he's having. The burly first baseman hit his 40th home run to break the National League rookie record, capping a late outburst by the New York Mets in their 11-5 victory over the Kansas City Royals on Sunday. "This season's been unbelievable," Alonso said. "It's been a dream come true so far and I just want to keep building off of it and keep trying to help this team...

Ohtani, 3 other Angels homer in 9-2 win over White Sox

Aug 19, 2019

ANAHEIM, Calif. — Shohei Ohtani, Kole Calhoun, Matt Thaiss and Anthony Bemboom all homered to lead the Los Angeles Angels to a 9-2 victory over the Chicago White Sox on Sunday. Ohtani hit his first home run since July 27 and just his second since the All-Star break. He has a nine-game hitting streak, the longest of his young career. Calhoun added his career-high 27th homer, a solo shot in the fourth inning. He hit 26 home runs in 2015 but hadn't hit more than 19 in a season since. He also had his 100th hit of the season and...

Hill rallies Saints to 19-17 victory over Chargers

Aug 19, 2019

CARSON, Calif. — Taysom Hill had 191 yards of offense and directed three second-half scoring drives to help the New Orleans Saints rally for a 19-17 exhibition victory over the Los Angeles Chargers on Sunday. In a game where Philip Rivers and Drew Brees were sideline observers, Hill supplied most of the quarterback highlights. The third-year, all-purpose player was 11 of 15 for 136 yards and a pair of touchdowns and ran for 55 yards. New Orleans trailed 17-3 at halftime. Hill threw a 27-yard TD pass to Austin Carr with 3:10 remaining in the third quarter to bring the...

Clevinger fans 10, Indians tame Yankees 8-4 for 4-game split

Aug 19, 2019

NEW YORK — Mike Freeman found out Saturday night he was going to pick up a rare start in place of Cleveland Indians star infielder José Ramírez. A couple of hours before Sunday's game, the 32-year-old career minor leaguer took a walk out to an empty Monument Park in Yankee Stadium to check out the plaques of past Yankees greats. Freeman looked like a star, too, on Sunday when he hit a three-run homer and two doubles as the Indians tamed the New York Yankees 8-4 for a four-game split between AL pennant contenders. "That's just baseball history right there,"...

About Us

Sportify News offers you high quality sports journalism. Take a deep look in the world of sports as we bring you the latest news on acquisitions, sponsorships, lineups and more!

Contact us: sales[at]sportifynews.com

Subscribe Now!