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Are Algorithms Taking Over The Real Estate Market?

Published November 15, 2021 at 9:37 AM PST
A "for sale" stands in the foreground, with the IBuyer company RedFin listed as the seller. In the background, a 20ish unit looking apartment complex that is the property for sale. A pedestrian can be seen nearby walking behind the sign. This is in Monterey Park, California on March 19, 2019.
FREDERIC J. BROWN/AFP via Getty Images
A pedestrian walks past a sign offering property for sale in Monterey Park, California on March 19, 2019.

Is The Backlog At The LA And Long Beach Ports Improving And What Does It Mean For Supply Chain?

Ports Check In 11.15.21

A major backlog remains at the ports of Los Angeles and Long Beach, creating problems for suppliers and businesses. New “harbor tariffs” go into effect Monday at both the ports as an effort to move cargo. Companies will be fined for empty containers that remain at the port for longer than six days if traveling by rail and nine days if traveling by truck. Sen. Alex Padilla says the new infrastructure bill will also assist the jam at the ports with billions of dollars going toward highway and road repairs. Today on AirTalk, Larry talks with Noel Hacegaba, deputy executive director for the Port of Long Beach, Matt Schrap, chief executive officer of the Harbor Trucking Association and Chris Tang, distinguished professor and chair of business administration at UCLA about the latest.

Are Vaccine Disagreements Leading To Family Conflicts This Thanksgiving? Tell Us How You’re Navigating The Situation

Thanksgiving Vaccine Conversations 11.15.21

Thanksgiving is almost here and for many, it’s the first holiday gathering they’ll be hosting or attending in the last couple years. The pandemic is still here but more people feel comfortable gathering with a group as vaccination rates grow. Still, immunization status can lead to disagreements or conflicts within families and friend groups. Some might be opting to only gather with others who are vaccinated. Today on AirTalk, we discuss vaccine hesitancy and how to navigate tough conversations or conflicts during the Thanksgiving holiday with Miguel Gallardo, licensed psychologist and professor of psychology at Pepperdine University and Bernadette Boden-Albala, professor and director and founding dean of the Program in Public Health at UC Irvine.

Are Algorithms Taking Over The Real Estate Market?

Big Tech iBuyers 11.15.21

There is a new way to sell your home that only requires a few clicks before you, the homeowner, can walk off into the sunset...or a new city, as the case may be. It’s called iBuying - short for instant buying - and refers to a process in which real estate companies, like Redfin, Opendoor, and Zillow buy homes, do some minor touch-ups, then resell them. The process seemed like a win-win: the homeowner doesn't have to deal with the traditional time-consuming hassle of selling a home, and the iBuyer can turn a profit. But so far, the model hasn’t worked out the way iBuyers, like Zillow, had hoped. The issue? Turns out the algorithm that the whole model of iBuying was built on is flawed. What does this mean for the real estate market? And how will it impact those of us who are buying and selling our homes?

Today on AirTalk, Larry is joined by lead analyst for HousingWire, Logan Mohtashami along with professor of finance and real estate at Columbia Business school, Tomasz Piskorski.

COVID-19 AMA: Experts Worry About Potential COVID-19 Swell In CA, Europe Battling Surge And More

COVID Update 11.15.21

In our continuing series looking at the latest medical research and news on COVID-19, Larry Mantle speaks with Dr.
Sam Torbati, co-chair of the department of emergency medicine at Cedars-Sinai Medical Center.

Topics today include:

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