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Evolution and Impact of an Outsourced Research Organization in the Housing Industry
This chapter delves into the journey of a housing expert's organization from its inception in 2001 to becoming a crucial outsourced research department for various players in the homebuilding sector. The discussion covers the organization's provision of research, market analytics, and consulting services to diverse clients, reflecting on the surprises and factors that have influenced the housing market, including economic stimulus, low resale supply, impactful home equity, and immigration trends like affluent individuals from countries such as Ukraine, Russia, China, and India. The conversation also explores the impact of policies in China on tech professionals investing in real estate in regions like California, the dynamics of supply and demand, and the current challenges in the housing market due to high interest rates and low home supply.