Ten-X, the online real estate marketplace formerly known as Auction.com, has unveiled more details on the residential platform, Ten-X Homes, to be launched at SXSW Interactive in Austin tomorrow. At launch, Ten-X Homes will offer between 400 and 500 “move-in ready” single-family homes from a range of sellers, including banks, investors, institutions, new homebuilders and agents.
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Ten-X, the company formerly known as Auction.com, has promoted its executive vice president, Rick Sharga, to the position of chief marketing officer. “Ten-X is in an ideal position to positively impact the way the world thinks about transacting real estate, and Rick Sharga’s insight and expertise will be crucial as we prepare to launch game-changing technology that attracts and empowers a much broader audience,” said Ten-X Chief Executive Officer Tim Morse in a statement.
Marking the website’s transition into serving everyday homebuyers and sellers, Auction.com has rebranded as “Ten-X,” a name meant to convey the firm’s mission to make “buying and selling real estate ten times better for everyone involved,” according to the firm’s CEO, Tim Morse.
As we ring in a New Year, Housing News Report asked six prominent economists to forecast what 2016 will bring for the U.S. housing market. For housing, 2015 was a strong year, with home sales high and home prices continuing to rise. Overall, the economists surveyed were cautiously optimistic about 2016 when it comes to home prices, home sales, interest rates and the impact of loosening lending standards that have recently been introduced by government agencies.