Artificial intelligence (AI) is a machine’s ability to solve problems by learning over time, similar to the way a brain processes information when making a decision. The term was coined in 1956 by John McCarthy, who also quipped, “As soon as it works, no one calls it AI anymore.” That has already started to… Read more
Kristin E. Rosan Partner, Madison & Rosan, LLP Attorneys at Law Technology is changing everything, including the practice of real estate. The last 20 years have brought software, data, and technological changes that have forced the real estate industry to evolve into a global marketplace for both residential and commercial practitioners. First, commercial real… Read more
Vikas Agrawal Guest Contributor, ValueWalk Over the years, the real estate industry has managed to stay relatively hidden from many of the tech disruptions that have transformed other industries. In a decade that has so far witnessed the disruptive effects of the cloud, the Internet of Things, virtual reality, and artificial intelligence (AI), players… Read more
Steve Zylstra President and CEO, Arizona Technology Council Traditionally, doing a deal in real estate has meant the parties and their agents succumbed to signing a sea of documents that left everyone practically drowning in paper that was collated, bundled and stored as proof something traded hands. The practice left everyone saying at least… Read more
Cindi Acker-Hein Creative Strategist, Ninety-Nine Hats Big data is big news everywhere and it totally revolutionizes real estate. When the information captured through things like website visits, demographics, and sales stats are analyzed digitally, trends and patterns are revealed. The resulting insights are unprecedented. For example, more detail leads to better appraisals. Now you… Read more
Nate Hoelzen President, Arizona Journal of Real Estate & Business Dear Readers, I’m happy to report that we at the Arizona School of Real Estate & Business received overwhelmingly positive feedback about our May seminar, Millennials’ Impact on the Market: Buying, Investing, and the Technology Boost. As millennials’ incomes increase with age and they start… Read more
Christopher J. Charles, Esq. The residential housing market, including residential construction, continues to thrive. Because most contractors don’t get paid until a job is complete, the law affords contractors specific rights and remedies to ensure that they get paid. But, as the Arizona Court of Appeals recently held, contractors’ rights are not without limitations. Perhaps… Read more
Fletcher Wilcox V.P. Business Development & Real Estate Analyst, Grand Canyon Title Agency, Inc. Median Sale Price Continues to Go Up The chart below compares the median sale price in Maricopa County for the last four years and first four months of 2018. As you can see, the sale price has increased every month… Read more
Paul Furman President and Owner, President and Owner, AJF Engineering & Inspections Many “fix-and-flip” investors take pride in remodeling projects by using quality materials and licensed contractors, and by making upgrades to old, antiquated systems. Other investors “put lipstick on a pig” by using unlicensed contractors and cutting corners to maximize profits. Unfortunately, the “shortcut”… Read more
Nate Hoelzen President, Arizona School of Real Estate & Businsess House flipping in the United States is becoming popular again, but one key to succeeding in this endeavor is having the right contractors on hand so the work goes smoothly. While you may be tempted to go the DIY route, your time is typically… Read more