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National Home Sales Picking Up?

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  • Description

    Dotloop CEO Austin Allison explains why he is bullish on the housing market.

  • Duration 3:19
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-- -- my pleasure thank you very much we're gonna talk about housing now for a moment because been one of the big stories this week -- new home sales data today.

-- falling a slightly in August but home prices did go up to lay off five year high.

So as we bring in our next guest keep in mind that is trying to speed up the entire process of selling house.

Talk about the first with Austin Allison CEO and president of dot -- from San Francisco let's talk about the market.

More generally.

We've had this discussion this week cost them you know whether its case Shiller yesterday all these data -- -- people say.

Finally maybe we are starting or we've seen a bottom we're starting to see housing get turned around which -- -- Well I think it's clear that we've seen a bottom and we're very optimistic about it dot live.

Inventories are low prices are going up and they're going up that price at at.

A pace that's higher than we've seen a long time so we're very bullish about the real estate market give me some insight and from what you've seen in in terms of how it breaks down mark.

But -- -- market by market but which types of housing markets are doing better and outperforming others.

Share well for us were in the technology solutions business and we serve real estate agents to help.

Eliminate friction in the transaction process so we've actually seen.

We started the business and 09 which with.

Low point for the real estate climate.

So we ironically actually saw more growth early on and some of those stopped mid western and central markets.

And here recently as the market has gotten better across the board.

We've seen growth in the all the areas that you would expect the California's the Florida -- That the Phoenix is all those markets that had Dow suffered from lower prices and -- right have been on the rise quite.

Heavily here recently so everything just about everything in your view or from what you've seen this has now.

Bottomed out turned around goes here all real -- local but you say everybody everybody's on the up.

That's right and the funny thing is now where we're seeing the reverse in some of these markets that.

Have the transit her over corrected in -- the seller market territory.

California's a good example of that and we saw it in August with the California numbers which is the has been reflected now in.

The the domestic numbers more broadly right.

Here in September but is this some of these markets out there are intent seller markets and there's inventory numbers that are in that.

In the two month range which we haven't seen in the very long time.

-- seen some of these consumer sentiment indications.

Or indicators turn around a little bit and talk about it just about every day especially.

In the view that that takes into account the presidential election and everything else but let me job -- you you started to talk about the second ago but I wasn't that familiar with dot -- with your company before you came -- but you do what exactly mean.

More just making things easier for people.

Yeah we're -- collaborative workspace that connects people and documents in real time.

And what that means for real estate agents and buyers and sellers is.

We facilitate a more seamless purchase or sale process.

And we eliminate the fact -- and emailing in and redundancies that exist and ultimately create choke points in delays in the transaction process.

And as we go into this territory that's that's more of seller's market it's more important than ever.

That.

Choke points and are eliminated from the transaction and -- so we -- -- security fax machines finally enough right.

Austin now say thank you very much -- in San Francisco dot --

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