estate

Secret Guide 2: How to Pass the Real Estate Exam offers some brief common sense explanations for taking the test, but not much useful information. Anyone studying for this test should be able to find better information out there.

We were immediately disappointed by this program's interface, not because it was only a PDF document, but because it was only nine pages long. We didn't think this was long enough to give in-depth assistance for such an important test. Unfortunately, we were right. The bulk of the study tips and test-taking advice are things most people will know … Read more

It's that time of year again when automakers are announcing new models left and right. However, as the U.S. auto market begins to fill up with more CUVs, SAVs, and other-UV amalgamations, such as the Honda Crosstour, the BMW 5-Series Grand Touring, and the Toyota Venza, I can't help but notice that fewer and fewer automakers are offering tried-and-true station wagons anymore.

As a lover of nimble vehicles with a lot of trunk for my junk, I can't help but be a little sad to see this turn of events. Sure, we've got a few … Read more

Photos of the Estate variant of the Mercedes-Benz E-Class were released on Tuesday and, in the immortal words of Sir Mix-a-Lot, "Baby got back!." The Estate starts with the E-Class sedan platform and pumps up the rear storage to create a surprisingly handsome wagon.

The Estate takes many of the design cues that we first saw on Mercedes' ConceptFascination design study, such as the defined rear-fender bulge, but with a pair of extra doors and a much less severely sloped roof.

The photos also hint at power train configurations, with both gasoline and diesel power plants available with … Read more

The housing market is showing signs of returning. According to a recent report, home prices have posted a small gain and economists are suggesting that the housing market might be stabilizing.

Realizing that, and especially considering that first-time homebuyers are trying to capitalize on the government's $8,000 credit, sellers might be more willing to sell their homes than they were last year. If you're one of those folks, you'll want to consult some services on the Web that will help you get the job done. From valuation tools to agent search services, you'll have everything you need to make a deal on your house.

But if your house isn't quite ready yet and you're looking for some design tips to make it more appealing to would-be buyers, check out this roundup I wrote recently helping you do just that.

Cyberhomes: Cyberhomes' main focus is home valuations. Simply input the address of your property and the site will tell you how much it believes it's worth.

But Cyberhomes does more than appraisals. The site also provides a listing of homes for sale in your area, where you can find "distressed" homes you might be able to buy on the cheap, and neighborhood information down to income and demographic data. It's a full-featured site.

Domania: Domania can help you see how your home compares with others that have already sold, which is helpful since most homes are valued based on a number of factors, including recent sales in your neighborhood. It won't tell you the value of your home, but since real appraisals are completed by comparing nearby homes that are similar to yours, Domania should help you find the sweet spot for pricing your home. I was impressed by the sheer number of houses it listed on the site. You should find just about any home sold in your area.… Read more

Speaking of the eclipse, an inventor named David Kent Jones wants to use robots to turn the Earth's only natural satellite into a giant ad.

Jones' scheme is to use lunar robots to plow moon dust into "logos, domains [sic] names, memorials or even portraits...You can even carve your initials in a heart to impress your sweetheart."

Imagine looking up and seeing a Nike swoosh among the stars.

A Salt Lake City company called Moon Publicity says its Shadow Shaping Technology would involve robots pushing the dust into furrows to create shadows that form images when … Read more

Real Estate Assistant can help agents track listings and clients. It throws in a few related tools, but we would've liked to see more integration between the list of properties for sale and the list of clients who want to buy.

This program looks like the database-driven application it is. Very little has been done to dress up Real Estate Assistant's interface, but the plain window is fairly easy to navigate. Tiny command icons run along the top of a large pane for major functions. Basic command icons running along the left hand side are for printing, saving … Read more

"Things are very good at Zillow," Rich Barton, CEO of the online real estate company, was telling me. We're in the thick of the worst economic crisis of a generation and a depressed real estate market, so this means that Barton is either a very clever CEO or an audacious liar. I was at first inclined to believe the latter, but left the interview convinced of the former. He's a canny Web entrepreneur.

It hasn't all been smooth sailing for Zillow. In October, Barton laid off about 25 percent of Zillow's staff. He said he did it because he "couldn't forecast" his business and had to assume the worst scenario. However, the trough following the 2008 bust ended up not being as bad as he thought it was going to be for Zillow, and the company is now back up to its October 2008 staffing level of about 130 people.

Zillow is currently growing, but in a different way than it was before. Page views and unique visitors are up. The site had 8.8 million unique visitors in March, which is a 70 percent year-over-year growth. Zillow has the twice the users at this point as Barton's team originally projected. However, the revenue per unique user is down to a third of what he expected it would be.

There was, of course, a fundamental shift in user behavior after the bust. But it wasn't all bad. Buying activity on Zillow went down, though site traffic went up. As Barton says, "Buyers are on the sidelines, but not passively." They're monitoring the market, he says, looking for the time to jump in, to either buy or sell. Like the Zillow site itself, physical open houses are crowded, he says. The browsing activity doesn't get reflected in home transaction data. Neither sales volumes nor prices are going up, even if people are circling open houses and online real estate sites like buzzards.

Until the market becomes a place where buyers and sellers want to engage again, they continue to gather information. So Barton continues to sell advertising and new data services.

I told Barton I thought Zillow was "real estate porn." Barton accepts this--his business at the moment is based on it--and says simply, "there's a practicality to real estate porn. People are dreaming about their next home. That's positive. They're planning."

Barton is making access to that real estate porn easier. A new iPhone app shows you the Zillow price estimate ("Zestimate") of homes as you walk or drive by them, and Barton says 10 percent to 20 percent of the site's queries are coming from the iPhone app, which was downloaded 234,000 times in its first 12 days of release.

Barton says two-thirds of the site's users are in the market right now, though when he says "in the market" he means waiting for the market to look good enough to buy or sell. He says 21.9 percent of the homeowners on Zillow are underwater on their homes (they owe more on the mortgage than the home is currently worth), and that the overall Zillow home value index "is in freefall, down 14 percent year over year." There are, he says, very few markets where the acceleration of the housing price decline is slowing--but those are mostly the markets that got hit the worst first, such as Los Angeles and Modesto, Calif.

But listing homes in foreclosure on Zillow is a growth business. "They advertise!" Barton says. … Read more

The city of New York is about to step up its efforts to help nascent businesses and laid-off professionals, CNET News has learned.

On Wednesday, the city's Economic Development Corporation (NYC EDC) plans to announce a new initiative to partner with a number of local start-up workspace companies. These office space providers rent desks, cubicles, conference rooms, and other resources to new and small businesses that aren't yet ready to take the full plunge into office space in a notoriously expensive market.

According to a source in the city's venture capital community, the agreement means that participating … Read more

Last week, I looked at five real estate search sites and discussed their merits as tools for searching for a home. So now that you have that dream house picked out, it's time you get down to the business of finding a real estate agent and researching both the home itself, and the neighborhood it's in--just to make sure it's still a place you want to live.

After all, moving to a new home can't be as simple as finding a home you like and buying it immediately, right?

Find your real estate agent with DoorFly Once you've found the home you like on sites like Trulia or Realtor.com, you have to find a real estate agent to help you look at homes, secure the best deal, and get you into your new abode. But finding the best real estate agent isn't always easy.

That's where DoorFly comes in. Instead of calling different real estate firms to find the best agent, you can use DoorFly to explain your needs and watch as real estate agents bid to work with you.

When you first sign up for DoorFly, you're asked to provide the area where you'd like to live, your home-buying needs, an affordable price you're willing to pay, and desired home features. That information is then posted on the site and will be viewed by real estate agents who also signed up. Interested agents will contact you and inform you of their knowledge and experience. But here's the kicker--they will also offer an incentive rebate from their commission at closing to sweeten the pot. I found that sometimes that discount is 5 percent of their fee, but it can be up to 20 percent off, depending on the market. Either way, it's a great way to save some money.

As interesting and useful as DoorFly can be, I was disappointed with its general lack of support. Granted, it's a start-up that few people have heard about, but so far, the site only has real estate agents from Indiana, Missouri, Texas, and North Carolina using the site. That's obviously an issue for those who wish to move elsewhere in the U.S. and one that DoorFly can hopefully address at some point in the future.

DoorFly is a compelling and unique service, and you should look at if you want to buy a home in one of those locations. It's easy to use, the real estate agents offer good deals, and generally, they seem to be knowledgeable.

Research mortgages and neighborhoods with HomeThinking HomeThinking is designed quite well. When you're brought to the main page, you can quickly and easily find a real estate agent in any of the 50 U.S. states, perform research on mortgages in cities and towns across the country, or gain knowledge about different neighborhoods in major markets. It's a great resource if you're unsure whether you want to move to a specific location.

When I started evaluating HomeThinking, I first looked for a real estate agent in both big cities like New York and San Francisco, as well as small suburbs in my area. In all cases, the site returned a slew of real estate agents from companies both big and small. It was outstanding.

HomeThinking's neighborhood search is also a great feature that allows you to compare big cities, as well as mid-level markets like Akron, Ohio. When you perform a comparison, the site delivers a slew of results that examine which areas of the new city resemble your current city, as well as reviews by those who live there.

For example, HomeThinking claims that those living in the Castro-Upper Market area of San Francisco will find a similar lifestyle in New York City's West Village. It's a nice feature, but it would have been nice if more information was available. Simply telling me where to move if I like the scene I live in now won't help all that much.

But HomeThinking's best feature is its mortgage resource page, which takes an in-depth look into everything you ever wanted to know about mortgages in the location to which you're planning to move. Whether you're researching suburbs or big cities, the site will deliver the risk of a sub-prime mortgage crisis, leading lenders in the area, the average loan size, number of rejected applications, and much more. It even shows a heat map detailing where the majority of people are trying to buy homes. HomeThinking's mortgage research tool is best I've seen.… Read more