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P1 RECESSION FEARS RISING: HOW HOUSING WILL HOLD UP
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Economists polled separately by The Wall Street Journal and Zillow forecast in May that the next recession will arrive in 2020, and they are not alone — many experts within the real estate industry are expecting a recession in the not-too-distant future. A look at how recessions have historically impacted the housing market and what to expect this time around if a recession hits. The massive real estate industry has been overdue for a major shift, writes Brad McDaniel, CEO with Likely.AI. But while the debate rages on about varying commission structures and diverse business models, the real change is coming in the form of big data. Spend any amount of time at a real estate conference these days and you’ll hear about big data. It’s as much of a buzzword as climate change — and just as misunderstood. P12 MY TAKE: AI AND DEEP LEARNING HELP SOLVE THE BIG DATA PUZZLE FOR REAL ESTATE A total of 30,187 U.S. properties started the foreclosure process for the first time in July, up 1 percent from the previous month and up less than 1 percent from a year ago — the first year-over-year increase in foreclosure starts nationwide following 36 consecutive months of year-over-year decreases. The increase in foreclosure starts was much more extreme in some local markets. The ATTOM Data Solutions 2018 Neighborhood Housing Index uses new neighborhood boundary data to rank more than 10,000 neighborhood housing markets nationwide based on six factors impacting the hyperlocal housing market: affordability, home price appreciation, school scores, crime rates, unemployment rates and property taxes. See where your neighborhood ranks with our interactive heat map. P16 DATA IN ACTION: BEST NEIGHBORHOODS FOR REAL ESTATE BUYING AND INVESTING P15 BIG DATA SANDBOX: SUMMER FORECLOSURE HEATWAVE
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