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CoreLogic Launches Property Analytics Ecosystem and Data Exchange, Discovery Platform
New solution simplifies data science challenges to help enterprises accelerate innovation, mitigate risk and identify new revenue streams IRVINE, Calif., June 29, 2022 -- CoreLogic, a leading global property data and analytics-driven solutions provider, has announced the launch of Discovery Platform, a cloud-based data exchange and property analytics ecosystem. Powered by the industry's first integrated property identifier, CoreLogic's CLIP ID, and built on more than 50 years of data spanning 99.9% of U.S. properties, Discovery Platform provides a comprehensive property analytics solution. The platform enables businesses—including property and real estate technology (PropTech/ReTech), mortgage lenders, marketers and insurance firms—to discover, integrate, analyze and model property insights to make critical business decisions faster. Enterprises have been investing heavily in data science to solve problems and predict outcomes across every aspect of their business, from revenue forecasts to lead generation and everything in between. They often spend significant time and resources managing this data and little time translating it to inform and improve business outcomes. CoreLogic's Discovery Platform simplifies this challenge through: Seamless data integration: Users can easily integrate their own business objectives and data with CoreLogic's data assets. While most data exchanges rely on generalized data sets, CoreLogic's CLIP® ID provides more granular information at the property level to help businesses derive more accurate business insights based on the most current market landscape. A complete suite of analytics and modeling tools: Organizations have access to a suite of leading analytics and resources such as data modeling and visualization tools, all available within a secure digital workspace that can be used to extract and categorize insights. Connected workflows: Data can be easily exported and integrated into external operational platforms to streamline workflows between data analytics teams and business decision makers to improve efficiencies and drive business outcomes faster. "As the industry is increasingly leveraging data science and analytics to understand, improve and grow their businesses, it has never been more important to get the data strategy right," explains Patrick Dodd, President and CEO of CoreLogic. "By combining best-in-class data, enhanced analytics, and cross-functional collaboration capabilities into a unified solution, the CoreLogic Discovery Platform allows enterprise leaders to gain insights and integrate into their business activities faster than ever before." With CoreLogic's Discovery Platform, businesses can solve use cases such as: Lead Prospecting and Qualification: Identify and screen potential customers based on property or loan characteristics, real estate or loan transaction events, estimated equity or CoreLogic propensity models. Market Share and Competitive Analysis: Analyze lending market share by geography or portfolio type and conduct competitive analysis on key competitors. Risk Analysis: Assess risk of properties, including default risk, home price risk, hazard risk (e.g., flood, wildfire) and reconstruction cost risk. Retention Modeling: Use CoreLogic's propensity models to identity at-risk customers and understand where lost customers went. Customer Profiling & Predictive Analytics: Build customer profiles based on key property-related characteristics. Predict behavior based on trends and forecasts of the underlying property attributes (e.g., home price appreciation, new construction, etc.). To learn more about CoreLogic's Discovery Platform and additional use cases it can help solve, visit: www.corelogic.com/discovery-platform. About CoreLogic CoreLogic is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.
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HGTV, LeadingRE and Luxury Portfolio Collaborate on HGTV Ultimate House Hunt 2022
Annual online awards spotlight extraordinary real estate listings CHICAGO - June 28, 2022 -- Leading Real Estate Companies of the World and Luxury Portfolio International announce the launch of the HGTV Ultimate House Hunt 2022. This is the eleventh consecutive year HGTV has aligned exclusively with Leading Real Estate Companies of the World and Luxury Portfolio International for the popular online promotion, which generated more than 1.5 million votes last year. This year's Ultimate House Hunt runs from June 28 through August 2 on HGTV.com, featuring stunning homes for sale in eight categories: Amazing Kitchens, Beachfront Homes, Countryside Retreats, Curb Appeal, Downtown Dwellings, Homes With a History, Outdoor Escapes, and Waterside Homes. A special Global Homes gallery spotlights beautiful properties from outside of the U.S. All featured homes are represented by members of Leading Real Estate Companies of the World® and Luxury Portfolio International®. Consumers can tour the 77 homes selected as finalists by viewing photo galleries on HGTV.com before casting a vote for their favorite properties. A winner will be chosen in each category based on the highest number of votes received, and an overall favorite will be awarded for the listing receiving the most votes. "We are thrilled to collaborate with HGTV again this year for the Ultimate House Hunt. This year's finalists include some truly exceptional listings represented by our members around the world, and we are confident HGTV's audience of home enthusiasts will enjoy getting an inside look at these beautiful homes," said Paul Boomsma, President/CEO of Leading Real Estate Companies of the World®. This year's finalists include 77 homes represented by 35 real estate companies: @properties; Amherst Madison Real Estate Advisors; Baird & Warner; Beverly-Hanks, Realtors; Brown Harris Stevens; Chase International; Colorado Group Realty, LLC; Dale Sorensen Real Estate; Dave Perry Miller Real Estate; Deasy Penner Podley; Dickson Realty; Ebby Halliday Realtors; First Team Real Estate; Greenwood King Properties; Harry Norman, Realtors; Hawaii Life Real Estate Brokers; Illustrated Properties Real Estate, Inc.; John Greene Realtor; John R. Wood Properties; Latter & Blum; Long & Foster® Real Estate, Inc.; Long Realty Company; Premier Estate Properties, Inc.; PureWest Real Estate; Residential Properties Ltd.; Seven Gables Real Estate; Shorewest, Realtors®; Smith & Associates Real Estate; Strand Hill Properties; Turpin Real Estate, Inc.; Village Properties; Village Real Estate Services; and William Raveis Real Estate, Mortgage & Insurance. Each winning home will receive editorial exposure on HGTV.com, as well as the prestige of being selected as a fan favorite. Additional properties featured in the Global Homes gallery come from 9 different countries or territories around the world and are represented by CDR Bienes Raices San Miguel; Harvey Kalles Real Estate; Island Living Collective; Jawitz Properties Ltd.; LX Costa Rica; M Immobilier; Park Lane Properties; Sibarth Real Estate; Smiths Gore Limited; and Stresa Luxury Real Estate. To view all homes and cast your vote, visit: HGTV.com/HouseHunt About Luxury Portfolio International® (LPI) Luxury Portfolio International (luxuryportfolio.com) is the leading network of the world's premier luxury real estate brokerages and their top agents, offering unparalleled marketing and intelligence services across the globe. It is the luxury arm of Leading Real Estate Companies of the Worl® the global network of top independent real estate firms, with 550 companies and 136,000 sales associates in over 70 countries. Last year, network members participated in over 1.2 million global transactions. LPI attracts a global audience of visitors from over 200 countries/territories every month and markets more than 50,000 luxury homes annually. Well Connected.™ About Leading Real Estate Companies of the World® Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 136,000 sales associates in over 70 countries. Network members participated in over 1.2 million global transactions. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. Its online learning platform, LeadingRE Institute, was named to Training magazine's Top 10 Hall of Fame. LeadingRE is also active in commercial real estate, with 200 firms in over 20 countries specializing in the commercial arena.
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Chime Unveils Active Recruiting to Help Large Brokerages Build and Sustain High Performing Teams
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CoreLogic Names Patrick Dodd CEO
Irvine, CA, June 27, 2022 -- CoreLogic announced today that Patrick Dodd has been appointed president and chief executive officer of the company. He will continue to serve on the company's board of directors. Dodd was named interim chief executive officer in January 2022. Charles Davis, CEO of Stone Point Capital, said, "We are thrilled that Pat is assuming the role of CEO on a permanent basis. Pat has demonstrated his dedication to the company following his role as CoreLogic's chief operating and growth officer and holds almost three decades of proven leadership and value creation in the information services industry. We look forward to continuing to work with Pat as CoreLogic advances its strategic priorities. "Pat stepped up at a pivotal time in CoreLogic's growth story. He has done an outstanding job as interim CEO, leading the company through a period of great transformation over the past six months," added Deven Parekh, Managing Director at Insight Partners. Prior to assuming the top job in January, Dodd served as the company's chief operating and growth officer. "I am honored and excited to continue leading our outstanding team through this next important phase of growth and transformational evolution for our company," said Pat Dodd, president and CEO of CoreLogic. About CoreLogic CoreLogic is a leading global property information, analytics, and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance, and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe, and Asia Pacific. For more information, please visit www.corelogic.com. About Stone Point Capital Stone Point Capital is an investment firm based in Greenwich, CT, with more than $40 billion of assets under management. Stone Point targets investments in companies in the global financial services industry and related sectors. The firm invests in a number of alternative asset classes, including private equity through its flagship Trident Funds. Stone Point also manages both liquid and private credit funds and managed accounts. In addition, Stone Point Capital Markets supports our firm, portfolio companies and other clients by providing dedicated financing solutions. For more information, please visit www.stonepoint.com. About Insight Partners Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of February 24, 2022, the closing of the firm's recent fundraise, Fund XII, brings Insight Partners' regulatory assets under management to over $90B. Insight Partners has invested in more than 600 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Insight Partners meets great software leaders where they are in their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.
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eXp World Holdings to Acquire Zoocasa Realty Inc.
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Keller Williams and 72SOLD Form Strategic Partnership
KW to scale 72SOLD service offering across U.S. and worldwide regions AUSTIN, TEXAS June 13, 2022 -- Keller Williams (KW), the world's largest real estate franchise by agent count, has entered a strategic partnership with 72SOLD, the leading home selling program in America. Founded by Greg Hague, an Arizona-based attorney and real estate broker, 72SOLD has an advanced home sale process that is more convenient for sellers, increases their sale price, and provides more control over closing and move dates. Through the partnership, Keller Williams agents across the U.S. and its international regions will gain access to the 72SOLD program. "We're excited to partner with Greg and the 72SOLD team, which has systematized a home sale model that delivers, driving a powerful experience and strong results for home sellers," said Gary Keller, executive chairman, kwx, an integrated home experience company. "With this partnership, our agents have the opportunity to further scale and fuel their success." Since 2020, more than 8,900 homes have been sold using the 72SOLD program. On average, sellers who used this program had a median sale price 10.9% above the MLS median, according to 72SOLD. "Partnering with Gary and Keller Williams is the opportunity you dream for," said Greg Hague, founder, 72SOLD. "We currently dominate the Phoenix, Arizona market and the demand for 72SOLD services has expanded rapidly across Arizona and a multitude of U.S. states." "And, to fully embrace opportunity, we're partnered with KW to rapidly scale our offering across the globe," said Hague. 72SOLD is headquartered in Scottsdale, Arizona, and its services are available to consumers to date through more than 500 local cross-industry real estate agents in 38 U.S. states. About Keller Williams Austin, Texas-based Keller Williams (KW), the world's largest real estate franchise by agent count, has more than 1,100 offices and 200,000 associates. The franchise is also No. 1 in units and sales volume in the United States. Since 1983, the company has cultivated an agent-centric, technology-driven and education-based culture that rewards agents as stakeholders. For more information, visit kwx.kw.com. About 72SOLD 72SOLD developed a new, more advanced way to sell a home that maximizes competition among buyers, and creates an atmosphere of scarcity, fear of loss, and opportunity to enhance a home's sale price over the traditional method. The program also eliminates the inconvenience of daily showings, and gives sellers more control over their closing and move dates. 72SOLD's home selling program has been featured on ABC, CBS, and NBC News, showcased in Forbes, and received several U.S. trademarks. For more information, visit 72SOLD.com.
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Luxury-Home Sales Sink 18%, the Biggest Decline Since the Start of the Pandemic
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Redfin Reports Homes with High Fire Risk Sell for Nearly $120,000 More than Low-Risk Homes as Americans Flock to Fire-Prone Suburbia
High-risk homes sell for more in part because remote work has allowed many Americans to move to suburbs and rural areas, which are often more vulnerable SEATTLE -- The median sale price of U.S. homes with high fire risk was $550,500 in April, compared with $431,300 for homes with low fire risk, according to a new report from Redfin, the technology-powered real estate brokerage. In other words, the typical home with high fire risk sold for $119,200 (27.6%) more than the typical home with low fire risk—the largest premium in dollar terms since at least 2017. By comparison, homes with high fire risk sold for just $56,700 more (18.5%) two years earlier. Fire-prone homes have historically fetched higher prices, likely because they tend to be larger and/or located in pricey West Coast metros. The typical high-fire-risk home purchased in April was 2,000 square feet, while the typical low-risk home was just 1,706 square feet. But the price premium for high-risk homes has surged during the pandemic. That's in part because scores of Americans moved out of cities and into suburbs and rural areas, where homes are more likely to face fire risk due to the proximity to flammable vegetation. The median sale price of high-risk homes was up 51.7% in April from two years earlier, while the median sale price of low-risk homes was up 40.9%. "Suburban homes tend to be more expensive because they're large, and demand for large homes skyrocketed during the pandemic as Americans sought respite from crowded city life," said Redfin Senior Economist Sheharyar Bokhari. "Pandemic buyers also hunted for deals due to surging home prices, and while fire-prone homes aren't cheaper on average, buyers may feel they're getting more bang for their buck because they're getting more space. And for some pandemic buyers, the fire-prone home they bought in suburbia was actually cheaper than their last home because they were relocating from somewhere like San Francisco or Seattle." While research has shown that many house hunters are concerned about climate risk when deciding where to live, oftentimes, it's not a dealbreaker. For some, that's because factors like relative affordability, home size and proximity to family take precedence. For others, it's because they're not aware of the climate risks in the area they're moving to. Redfin.com now publishes climate-risk data for nearly every U.S. home, with the exception of rentals, to help house hunters make more informed decisions. "For a lot of pandemic-era homebuyers, what has felt much more urgent than avoiding fire danger is finding a home they can afford at a time when inventory is so low and prices are so high," said Corey Keach, a Redfin real estate agent in the Boulder, CO area, where the Marshall Fire—the most destructive in the state's history—destroyed more than 1,000 homes at the end of 2021. "I worked with a young family whose Louisville home burned down in the Marshall Fire. Afterwards, they moved to nearby Superior, where a lot of homes also burned down. They just wanted to get into their next home fast because they had already gone through the painstaking buying process in 2020 and were worried prices were going to skyrocket another 20%." Homes with High Fire Risk Also Sell Faster than Low-Risk Homes Fire-prone homes not only sell for more; they also get snatched up faster—another indication that evolving homebuyer preferences during the pandemic made high-risk areas seem more attractive to many house hunters. The typical high-risk home sold in 16 days in April, compared with 20 days for the typical low-risk home. That marks a shift from before the pandemic, when low-risk homes typically sold faster. Another gauge of housing-market speed shows a similar trend: Nearly two-thirds (62.4%) of high-fire-risk homes sold within two weeks in April, compared with just 55.1% of low-risk homes. Prior to the pandemic, high- and low-risk homes had about the same likelihood of selling within two weeks. Price Cuts Are More Common for Homes with High Fire Risk Another interesting shift Redfin has observed in recent weeks is that sellers of high-fire-risk homes have become more likely than sellers of low-risk homes to slash their listing prices after putting their homes on the market. In April, 21.9% of high-risk listings had price drops, compared with 18.8% of low-risk listings. That's only the second month on record (the first was March) during which fire-prone homes were more likely to have price drops. Price drops have been on the rise in the country as a whole lately as surging mortgage rates have triggered a slowdown in homebuyer demand. Boise, ID and Sacramento, CA, two hotspots for homebuyers relocating from pricey major cities, were among the top five metros where sellers cut their asking prices in April. Both face substantial risk from wildfires. To view the full report, including charts and the methodology, please click here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.
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Black Knight Announces Strategic Alliance with Percy to Provide an Advanced Client Engagement Solution for Real Estate Professionals and Mortgage Lenders
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YourHomeHub Powered by MooveGuru Sells Out 26 States and 28 Regional Territories
First ever prop tech franchise is making waves with a creative, targeted sales approach the real estate community can't get enough of ATLANTA, May 31, 2022 -- In October 2021, a likely source emerged with the first ever property tech franchise--MooveGuru. Through its automated data capture and delivery platforms, MooveGuru has been perfecting the consumer experience during the moving process. In January, the robust platform announced extended support for consumers with services throughout the homeownership lifecycle with a franchise model aimed at real estate service providers in brokerage, title and mortgage. Franchises have been selling faster than homes in red-hot housing markets. To date, MooveGuru has sold 28 regional proptech franchise territories, selling out 26 states in the process. "No doubt, our experience and trust in the real estate community and a focused approach in identifying them as a target franchise audience has played a role in the rapid success of initial franchise sales," said Scott Oakley, CEO of MooveGuru. "While a lot of franchises take the approach that anyone can be their own boss, with our organization we've emphasized the value of additional revenue streams for real estate professionals and it's paying off. We've created a buzz the real estate community can't get enough of. It's why we've sold more than half of the states in the U.S. in less than a year." The MooveGuru franchise enables franchisees to deliver a home ownership portal called YourHomeHub that allows homeowners to gain access to preferred local services at a discount. The success comes from being local. YourHomeHub, is the first consumer portal that is "Everything Home," meaning it allows homeowners to manage both the financial details and physical elements of their home. Consumers can monitor extensive information about their home and local market conditions, store important documents, generate accurate estimates for home repairs and find a local contractor for over 1,000 different home service categories. Each YourHomeHub is sponsored by local real estate brands, driving top of mind marketing and revenue from consumer purchases. The platform, provided by real estate professionals, gives a powerful homeowner resource to their customers. "We have expanded our franchise coverage area to 26 states in eight months—this is unprecedented in the franchise industry," said Kathleen Kuhn, President of MooveGuru, who brings more than three decades in the home services franchise industry to the organization. "While there are still opportunities in some major markets, the window is closing for those looking to be regional territory owners." Opportunities are still available for ownership in key markets such as Nevada, New Jersey and Illinois. Franchise owners' trend towards real estate brokerages who have experience with operating affiliate companies, followed by mortgage and title companies. Mortgage brokers typically partner with their top real estate agents for co-branding and split the opportunity fifty-fifty for RESPA compliance. Title companies are offering the service on all their title closings. The franchise pays 10-20 percent of net subscription to franchise owners. The more subscriptions to YourHomeHub and the more leads generated for service pros, the more the franchise owner makes. Recent regional owners include owners in real estate brands such as RE/MAX, Keller Williams, EXP, ERA and also include owners in mortgage and title. To learn more about a Your Home Hub Franchise and available territories, please email [email protected] or visit yourhomehub.com. About MooveGuru MooveGuru Inc. is based in Roswell, GA. In 2016 the company launched a free mover engagement program to real estate agents and brokers with the idea of connecting home buyers and sellers to convenience and savings on moving services. Using just-in-time delivery through artificial intelligence algorithms, MooveGuru Inc. ensures consumers receive agent-branded savings and convenience from national and local retailers and utility connections as they step through the relocation process. Today, more than 2,000 brokerages, 316,000 agents, and millions of homeowners are connected to the MooveGuru and YourHomeHub platforms. Learn more at MooveGuru.com.
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Home Sellers in Migration Hotspots Increasingly Turn to Price Drops
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Data Intelligence Firm Buyside Renames to Percy, Expands into Mortgage, and Adds $10 Million in Funding
Brentwood, TN, May 24th, 2022 -- Buyside, real estate's leading provider of homebuyer intent and seller leads, today announced $10 million in equity funding and said it's changing its name to Percy. Percy's consumer engagement platform uses artificial intelligence to identify consumer intent and empower agents, brokers and now mortgage lenders to engage their consumers at the right time for their next opportunity. The name Percy was derived from the company's first investor – a great uncle to the founder – and has long been the name of the engine behind the solution. "Many people were hung up on the name 'Buyside' when in fact we are much more – we are the top seller lead generation tool for real estate," says Chief Executive Charles J. Williams IV. "The new brand allows us to expand into new markets like mortgage, bringing purchase loan opportunities to originators." Percy has had remarkable growth and currently serves brokers representing 60% of all transactions in real estate. In the first quarter of 2022, the productivity of the application showed a 36% increase in homeowner subscriptions and a total of $71.7 Billion in transaction opportunities, up almost $20 Billion from Q1 of 2021. Prosperity Home Mortgage, with 565 loan officers across the United States, is one of the recent launches of Percy. "With Percy's success and adoption from our real estate brands, it only made sense for PHM to leverage the same application for our loan officers," says Ron Wivagg, National Sales Manager for Prosperity Home Mortgage. "We now have a tech ecosystem that services both the real estate and mortgage businesses, which helps us maintain oversight of our client's intent to transact." The strategic round includes fintech and real estate industry titans such as Howard Hanna Real Estate Services and Leading Real Estate Companies of the World. Percy intends to use the investment to dedicate marketing, sales and systems integration resources to fuel revenue growth and expansion. About Percy.ai Percy.ai is a data analytics and marketing company delivering more revenue opportunities to real estate brokers and mortgage companies by collecting and analyzing real estate consumer behavior. We use proprietary machine learning and Artificial Intelligence to better understand consumer intent and help companies target the right person at the right time. For more information, visit percy.ai or email [email protected] Prosperity Home Mortgage, LLC. NMLS#75164. (NMLS Consumer Access @ www.nmlsconsumeraccess.org) Not all borrowers will qualify.
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Redfin Reports Historic Housing Shortage Shows Signs of Letting Up as Sales Decline
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IDX Broker Expands Client Services to Incorporate IXACT CRM
Single sign on solution helps real estate agents convert more leads & increase overall revenue May 12, 2022 - Dallas, TX -- Elm Street Technology, LLC ("Elm Street"), a leading provider of residential real estate technology and marketing solutions, today announced the product integration between IXACT Contact Solutions ("IXACT CRM") and IDX Broker™, allowing real estate consumer leads to be automatically passed between an IDX website and into an industry-leading real estate Customer Relationship Management (CRM) tool. Available as an account upgrade for new and existing IDX Broker™ customers, the product integration between IXACT CRM and IDX Broker™ Lite and IDX Broker™ Platinum accounts meets a growing need for agents to have a more robust and interactive experience with their growing client base. "Our customers have been asking for an easy way to automatically pass web-captured leads into a CRM for nurturing and follow-up," explains Jeff True, Director of Technical Sales at IDX Broker™. "IXACT CRM offers one of the most trusted and well established real estate CRM solutions in the industry, offering our customers a simple, hands-off solution to their needs." Accessible as a single sign-on from within the IDX Broker™ Dashboard, Shannon McGee, IXACT CRM Sales Director added, "Agents who use the IXACT CRM convert more leads into listings and attract more referrals and repeat business. Our clients see an average revenue increase of 37% using our automated "Keep In Touch" system." IXACT CRM also includes marketing features that build brand awareness and round out the complete digital real estate marketing experience. "IXACT CRM includes the ability to create drip email campaigns, send mobile-friendly newsletters, and make relevant social media postings that help agents stay-organized and build lasting relationships," McGee adds. "The best part? It doesn't take a technical marketing mind to use IXACT CRM and build success." About Elm Street Technology, LLC Elm Street offers a growing portfolio of real estate technology and marketing services with the goal of providing one vendor and one point of contact, fully fused into one singular platform – Elevate – to capture and nurture more leads into closed business. Elm Street's portfolio of products and services allow busy real estate professionals the ability to streamline and automate their marketing and day-to-day business objectives by offering high-end IDX websites, lead generation tools, a powerful CRM, email, social, text and blog marketing automation, recruiting and retention tools, and more. To learn more, please visit ElmStreet.com. About IDX Broker, LLC Based in Eugene, Oregon, IDX Broker, LLC is nationally known as a leading provider of real estate search applications. IDX Broker, LLC actively manages over $1 trillion worth of active listings data from over 600 individual Multiple Listings Services (MLS). IDX, Broker, LLC provides integrated IDX software, customizable listing search utilities and lead management tools for real estate-based websites. For more information, please visit idxbroker.com. About Morris Real Estate Marketing Group / IXACT CRM Based in Toronto, Ontario, Canada, Morris Marketing is focused on providing customizable and automated lead generation and conversion tools for the real estate sector. Founded in 1929, the company has evolved with the needs of their client-base for close to a century, earning a well-respected reputation for outstanding support and service, and launching the popular IXACT CRM. For more information, please visit morrismarketinggroup.com or ixactcontact.com.
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Inside Real Estate's New CORE Home Solution Proves Early Results of 30x More Engagement from Clients
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Dickson Realty unveils 'smart tech' powered by Delta Media
Increases market exposure for sellers and gives greater market insight to buyers RENO, Nev. - (May 9, 2022) -- Dickson Realty, the top-ranked real estate company in Reno-Sparks, Nev., announced the debut of its new, next-generation "smart tech" from Delta Media. The technology leverages artificial intelligence (AI) and automation to deliver more market exposure for sellers and greater local real estate market insight to buyers across northern Nevada and northeastern California. Home to nearly 325 agents and 10 real estate offices, Dickson Realty was founded in 1973 and is known for deploying smart solutions to support its team of agents, employees and affiliates to help them stand apart from competitors. "At Dickson Realty, we didn't become the region's go-to source for real estate expertise by sitting on our laurels, especially when it comes to technology," said Nancy Fennell, CEO of Dickson Realty. "We did it by choosing to continually look at our industry through a forward-thinking lens by identifying client needs and seeking innovative solutions for doing business better. Our mission is to become a client's REALTOR for life. By deploying cutting-edge technology that directly benefits sellers and buyers, we will remain the market leader as our agents continue to deliver an unparalleled customer service experience." Fueled by Delta Media, creators of the real estate industry's most advanced all-in-one technology marketing platform for real estate brokerages, new Dickson Realty websites will leverage AI and automation. As a result, Dickson Realty will deliver one of the nation's most robust local home search experiences for consumers. As one of the top 100 independent brokerages in America, Dickson Realty agents now have access to Delta Media's advanced software tools. Delta smart technology includes a fully-integrated customer relations management (CRM) system, digital and print marketing automation, an advanced social media promotional system, and more, ensuring clients receive more exposure for their homes. Delta Media has also announced the addition of more smart technology over the next several months, to help Dickson Realty agents capture more "customers for life." "Almost every consumer starts their home search online today," said Michael Minard, CEO and owner of Delta Media. "Dickson Realty understands how vital it is to provide their clients a search experience that is second to none." "More Americans today are using a REALTOR than ever before," said Fennell. "Our new tech gives our agents a competitive advantage in every market we serve. Smart tech frees up our agents to give them more time to do what they love – spending time helping their clients." Advance technology will include: AI-based customer engagement: websites that offer suggestions and automated marketing engagements. Automated marketing: integrated into the CRM, Delta tech helps agents review their contacts and deliver the right content at the right time to the right clients. Fastest property listing updates: all property details are immediately available when listed. Real-time listing alerts: delivering email notifications when a property that fits a search criterion comes on the market. Rich local content: featuring current real estate market activity, local school insight – and more – are updated continuously. Industry-leading, patent-pending SEO: will drive significantly more traffic to dicksonrealty.com. Interactive map integration: the entire site is integrated with Google Map Search to see the proximity of homes to schools, parks, shopping, and other points of interest. Integrated mortgage calculators: estimate monthly mortgage payments instantly. INRIX Drive Time search: search for homes by commute time. 100% mobile responsive design: scales to any screen size, smartphone to desktop. Automated Valuation Model: the built-in AVM offers an instant online estimation of current local home values. All the new features built into the Dickson Realty website are at dicksonrealty.com. About Dickson Realty Dickson Realty has offices in Caughlin Ranch, Downtown Reno, Sparks, Somersett, Damonte Ranch, Montrêux, Incline Village and Las Vegas in Nevada, as well as Portola, Donner Lake, Northstar and Truckee in California. Dickson Realty is the region's market leader and has been in business since 1973. For more information, visit dicksonrealty.com.
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ATTOM Unveils New Data Product for Reliable Rental Market Data
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Inside Real Estate Announces kvCORE Spring 2022 Release Continuing Their Innovation Leadership
Inside Real Estate adds enhancements to drive efficiencies, while increasing seller lead opportunities and brand exposure to help customers stand out in a competitive market Murray, Utah - April 26, 2022 -- Inside Real Estate, the industry's leader in innovation and proud technology partner to top brokerages, teams and agents, has announced their Spring '22 Release delivering enhancements to their flagship platform, kvCORE as well platform add-ons, CORE BackOffice and CORE Home. Inside Real Estate continues in their commitment to innovate and drive bottom line results for their customer base. The latest features and enhancements are designed to increase efficiencies, drive higher lead volume and elevate individual brands for real estate professionals in an ultra-competitive market. "Our product team is committed to delivering innovation that solves real problems for our agent, team and brokerage customers," said Nick Macey, President, Inside Real Estate. "We believe in providing technology that works for our users, not the other way around. Our Spring Release is packed with enhancements that will save our users valuable time, while helping them build their unique brand to stay ahead of the competition." The Spring '22 Release will bring enhancements to all kvCORE users over the coming weeks. Highlights include: Upgraded Smart Campaigns & Communication Tools: kvCORE boasts the industry's most robust behavioral automation. The latest CRM enhancements make these automated smart campaigns even easier to use with a more simplified user interface, even more customizable campaigns to give agents more options to personalize their outreach in highly automated ways. Advanced Tools to Attract Sellers: With listing opportunities in high demand, the kvCORE team has expanded it's Home Value Sell Pages to help brokers and agents capture high-intent sellers with an engaging, data-rich experience. Building off kvCORE's high-performance IDX websites, the Sell Pages offer homeowners multiple automated home value estimates, ensuring they get the instant answers they are looking for while highlighting the local expertise of an agent. Heat maps showcase trending buyer demand, and a buyer-interest snapshot shows sellers real-time, local buyer demand data. CORE BackOffice Enhancements: The most modern and streamlined solution to help brokers manage agent onboarding and billing, commission tracking and disbursements and more, just got even better. Inside Real Estate has rolled out multiple user experience, reporting and speed improvements, ensuring administrators, transaction coordinators and agents can do more in less time. They have also introduced a new, seamless integration with the eCommission Payment Gateway giving agents fast access to commission payments. Options include same day, next day or two business days from closed transactions. CORE Home Innovating at a Rapid Pace: The first of its kind lifetime homeownership technology has now been rolled out to several thousand agents across two major brokerages in the beta launch. Early results are showing a dramatic lift in consumer engagement, including: consumers being 756X more likely to engage with the branded mobile app daily, and 30X more likely to initiate a conversation with their agent. CORE Home continues to grow and enhance each stage within the homeowner journey, including a recent partnership with Updater to help power the latest "Move" experience. The Spring '22 release also includes a host of additional features and product enhancements including new Smart Social Leads to generate buyer prospects through Facebook, CORE PropertyBoost upgrades including ad Life Cycle ad tiers, and advanced seller lead tools. kvCORE offers the largest set of proven lead generation tools built directly within their platform, in both free and add-on varieties, giving brokerages and their agents independence from higher priced, low-quality portal leads. About Inside Real Estate Inside Real Estate is a fast-growing, independently owned real estate software firm that serves as a trusted technology partner to over 250,000 top brokerages, agents, and teams. It was ranked the No. 1 Real Estate Tech Company in G2's Top 100 Software Awards, based solely on verified user reviews. Their flagship product, kvCORE Platform, is the most modern and comprehensive solution in the industry. kvCORE is known for delivering profitable growth at every level of a brokerage organization and. Built on a modern, scalable, and flexible architecture, kvCORE enables every brokerage to create its unique technology ecosystem through custom branding, robust integrations, and high-quality add-on solutions. With an accomplished leadership team and over 225 employees, Inside Real Estate brings the resources, scale, and vision to deliver ongoing innovation and success to their growing customer base.
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Redfin Reports Nearly One-Third of Homeowners Have a Mortgage Rate Far Below Today's Level, Prompting Some to Stay Put
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Lone Wolf connects digital marketing and CRM to real estate's leading transaction management solution
Real estate tech leader brings family of brands together and moves closer to a fully connected real estate experience DALLAS, TX and CAMBRIDGE, ON - April 12, 2022 -- Lone Wolf Technologies is thrilled to announce new integrations between its digital marketing and customer relationship management (CRM) solutions, Boost, Propertybase Go, and LionDesk, to Lone Wolf Transactions (zipForm Edition and TransactionDesk Edition), the leading transaction management solutions in real estate. These integrations bring Lone Wolf's family of brands together for the first time and move the company closer to providing a fully connected real estate experience for agents and brokers. Each of these integrations is free to current users of the products and available to use today. "We're here to make it simpler for people to buy and sell homes," said Jimmy Kelly, CEO and President of Lone Wolf. "We're doing that by bringing all the critical real estate touchpoints together into one unified technology platform. These integrations are a major step forward to getting everyone in real estate-whether they're agents and brokers or buyers and sellers-the fully connected experience they expect, demand, and deserve." With the new connections to Boost, LionDesk, and Propertybase Go, Transactions' users can buy listing ads while working on a deal, launch promo ads, check ad campaign status, pull contact details into their forms and signings, and start a transaction right from their CRM contacts, all in the same system. The broker version of Transactions also offers two-way integrations to Cloud CMA, Authentisign, and Back Office, connecting to everything from social ads to listing presentations, client communications to contracts, digital signings to commission checks. This gives agents and brokers a single system to guide the entire homebuying and selling process for their clients. "Real estate is moving headlong into a modern digital experience," said Sean Wheeler, Chief Technology Officer at Lone Wolf, "in which data moves smoothly from lead to close and equips consumers, professionals, and businesses with the timely, actionable information they need to make smart and fast decisions. Transactions is the gateway to this whole experience, the hub for all things real estate, and we look forward to connecting even more solutions to it in the future." Lone Wolf bought Boost, LionDesk, and Propertybase Go in 2021 to add lead generation, CRM, and website capabilities to its leading technology suite, one that is deeply embedded in the modern real estate experience for buyers, sellers, agents, and brokers: Boost's listing ads garner over 1 million impressions on Facebook daily Cloud CMA produces over 430,000 CMA reports per month Propertybase Go powers over 9,000 real estate websites LionDesk starts over 72 million conversations a year Transactions (zipForm Edition and TransactionDesk Edition) processes over 65 million forms and 10.5 million transactions a year Authentisign completes 2.4 million signings a month and 29 million per year Back Office pays over 5.5 million agent checks per year About Lone Wolf Technologies Lone Wolf Technologies is the North American leader in residential real estate software, serving over 1.5 million real estate professionals across Canada and the U.S. With cloud solutions for agents, brokers, franchises, MLSs and associations alike, the company provides the entire real estate industry with the tools they need to amaze clients, build their business, and improve profits-from transactions to back office, insights, and more, all in one place. Lone Wolf's head offices are in Cambridge, ON and Dallas, TX. Find out more at www.lwolf.com.
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Latter & Blum debuts zavvie-powered program for sellers, buyers and renters
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Realogy Competition Calls for Tech Superstars to Shape Real Estate's Future
Winner receives $25k and prominent placement in Realogy's Open Ecosystem, an agile platform that enables choice, flexibility and business growth MADISON, N.J., April 12, 2022 -- Realogy Holdings Corp., the largest full-service residential real estate services company in the United States, today announced that its annual FWD Innovation Summit (FWD) will occur on Tuesday, May 10 from 1 – 3pm ET. Designed to further technology innovation in the real estate services market, FWD is a one-of-a-kind pitch competition that highlights forward-thinking technology, ideas and solutions to unlock opportunity for agents and brokers. The five finalists selected in December will present their products and innovations to a panel of Realogy executives, brokers and agents. The winner will receive $25k and prominent placement in Realogy's Open Ecosystem, a technology platform that brings together agents, brokers, partners and developers to enable choice, flexibility and customized solutions for home buying and selling and beyond. Meet the five finalists here: Earnnest is a secure, convenient, digital payments platform that allows a fully digital transfer of funds in real estate transactions. As the leading provider of digital earnest money in the US, Earnnest has powered over 100,000 transactions across all 50 states with zero instances of fraud. Elm Street provides the real estate sector with a creative, thoughtful technology toolset to initiate conversations & foster business relationships with and for the clients they serve. Likely.ai uses Artificial Intelligence to help agents and brokers find the best deals and make better business decisions. Its AI models provide a competitive edge, allowing agents and brokers to zero in on actual sellers in their market and within their current database of leads, who are primed to sell in the next 90-days, enabling them to maximize their marketing spend and minimize the time they spend chasing after sellers. Likely.ai empowers agents, lenders and investors to be more efficient with their time and budget while still finding the right prospects for their businesses. MaxaDesigns provides a white-labeled marketing template and design platform for real estate companies to host their marketing materials, including print, social media and email marketing on a custom online portal. Its platform has been selected by more than 200 of the top independent brokerages to help agents own their marketing strategy. RealScout is a Silicon Valley-based technology startup tackling residential real estate's core problem: matching homebuyers and homes. In over 200 markets, the company provides the only platform that enables brokerages to benefit from their buyer data from lead to close. With RealScout, real estate professionals can capture buyer attention, collect buyer data and use that data to close more deals, more profitably. "The FWD Innovation Summit is a unique opportunity for technology organizations to access the rich data and interconnectivity of Realogy's Open Ecosystem to showcase new ideas and innovations that will define the future of real estate for agents, brokers, and the consumers they serve," said Kacie Ricker, Senior Vice President of Product, Realogy. "Users are craving more simplification, transparency, and expert knowledge in the home buying, selling, and increasingly, the home ownership phases. Our charter is to deliver flexible, connected, intuitive solutions that empower agents to build their businesses as home ownership experts over the entire lifecycle." Realogy's Open Ecosystem is focused on connecting brokers and agents with homeowners and buyers, using technology to better support customers at every step in the home ownership lifecycle. The finalists who will now be a part of Realogy's unique open ecosystem are positioned alongside a robust set of tools and technologies that empower better home ownership from purchase to sale and beyond. For more information on Realogy's FWD Innovation Summit and register to attend, please visit: realogyproduct.com/fwd. About Realogy Holdings Corp. Realogy (NYSE: RLGY) is moving the real estate industry to what's next. As the leading and most integrated provider of U.S. residential real estate services encompassing franchise, brokerage, relocation, and title and settlement businesses as well as a mortgage joint venture, Realogy supported approximately 1.5 million home transactions in 2021. The company's diverse brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby's International Realty®. Using innovative technology, data and marketing products, high-quality lead generation programs, and best-in-class learning and support services, Realogy fuels the productivity of its approximately 196,700 independent sales agents in the U.S. and approximately 136,700 independent sales agents in 118 other countries and territories, helping them build stronger businesses and best serve today's consumers. Recognized for 11 consecutive years as one of the World's Most Ethical Companies, Realogy has also been designated a Great Place to Work four years in a row, named one of LinkedIn's 2021 Top Companies in the U.S., and honored on the Forbes list of World's Best Employers 2021.
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CORE BackOffice Launches eCommission Payment Gateway Giving Agents Instant Access to Commissions
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Chime Launches Enterprise Platform to Accelerate Profitable Growth for Brokerages
Centralized platform features flexible account structure, unique lead routing and distribution capabilities, and extensive white label options Phoenix, AZ - April 6, 2022 -- Chime Technologies, an award-winning real estate technology innovator, today unveiled the Chime Enterprise platform, developed to help large brokerages accelerate profitable growth by boosting agent productivity. Expressly developed to support the complex organizational structure of most brokerages, the centralized sales acceleration platform combines Chime's award-winning CRM with best of breed marketing automations and includes significant customizable features such as a flexible account structure, lead routing options, and permission profiles. Featuring single sign-on capabilities, Chime Enterprise is easy to access, helping to improve agent adoption and drive faster results. The Enterprise platform also offers extensive white label options to help brokerages amplify brand loyalty efforts. By empowering agents with Chime's innovative new platform, forward thinking brokerages are well positioned to attract and retain strategic, top producing agents across the country. To learn more about Chime Enterprise, visit HERE. Flexible Account Structure Supports Unique Brokerage Model Chime Enterprise features a flexible account structure to support any organization structure or business model including multiple user types, roles, tiers, and locations, and empowers owners to customize user groups, accounts, and permissions schemes to uniquely fit their business. With enhanced reporting capabilities, the new platform enables brokerage leaders to drill down and gain critical insight into performance to more accurately track and improve agent effectiveness, identify gaps, and address red flags in a timely manner. In this new version, customers can pre-build profiles with relevant permissions and quickly assign as agents are hired, simplifying the onboarding process to ensure new agents have access to essential tools from day one. Armed with these pre-built profiles, customers can easily change permissions over time as an agent profile evolves and/or the business grows. By capturing agent activity across the organization in a single location, brokerage owners save valuable time and are empowered to manage and grow the business more effectively. The Enterprise platform also includes critical top-down lead routing capabilities with pre-set rules to streamline ownership, better track where leads originate, and expedite lead engagement. With a single instance of leads reflected in the platform, brokerage owners are empowered to optimize lead generation and distribution and improve profitability. White Label Options Reinforce Brokerage Brand Loyalty Furthering a commitment to support brokerages as they build brand awareness and loyalty, Chime Enterprise will offer extensive white label options. Agents can customize features including email, domain name, log-in page, dashboard, and marketplace, among others, to reflect company branding. With easy to use, built-in capabilities to customize settings, customers are empowered to fully brand the platform as preferred without the need for additional IT support. Featuring a centralized library of Smart Plans, marketing collateral, and email templates, the Enterprise platform also ensures all agents have seamless access to a consistent set of tools to support a cohesive marketing strategy and ensure consistency across teams, offices, and locations. "Modern brokerage owners understand that by empowering agents with innovative technology tools, they are better positioned to attract and retain the top talent needed to accelerate business growth," said Dave Carter, Vice President, Marketing, Chime. "Our Enterprise Platform was expressly designed to support a complex organizational structure, typical of most brokerages and deliver an all-in-one sales acceleration platform to consolidate costs and grow the business. We are thrilled to introduce our new platform to the market and will continue to invest in our award-winning tools to support real estate professionals for long term success." To learn more about Chime, visit HERE. About Chime Technologies Chime is an award-winning real estate technology innovator headquartered in Phoenix, Arizona. Our AI-powered platform empowers real estate professionals, teams, and brokerages with the tools they need to automate lead generation operation, drive conversions, and grow their business. Chime Technologies operates as a US subsidiary of Renren, Inc. (RENN). For more information, visit www.chime.me.
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New ShowingTime feature brings real-time tour availability to brokerage sites
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ATTOM's Ever-Expanding Table of Data Elements Innovates in Real Estate Data Consumption for End-Users
ATTOM's proprietary Table of Data Elements transforms property data into a visual element and further solidifies the company's position as the industry's leading data provider. IRVINE, CA - Mar. 16, 2022 -- ATTOM, a leading curator of real estate data nationwide for land and property data, continues to extend its data footprint by growing at lightning speed and its data products are growing alongside it. Over the past few years, the company has successfully acquired data attributes for more than 155 million U.S. residential and commercial properties, accounting for 99 percent of the country's population. As the company grows, so does its proprietary, ATTOM Table of Data Elements, which has transformed the way real estate data is consumed by businesses and individuals alike. ATTOM's Table of Data Elements turns the company's ever-expanding data footprint into a captivating visual element. It offers an up-to-date representation of the comprehensive data sets the company has to offer, effortlessly summarizing more than 29.6 billion rows of transactional-level data and more than 9,000 discrete data attributes. At present, the table is divided into the following unique data categories: Property Data and Ownership – Where we track a range of information about individual properties. The data within these categories – as well as our transaction data – provides our customers with key data assets. Transactions / Mortgage Data – Consists of all data related to sale and mortgage transactions for individual properties, as well as any derivatives created from this data. Boundary Data – Boundary shapes define an area on a piece of land. These shapes are created using geographical information systems (GIS) and can be digitally superimposed onto a digital map. Foreclosures – Provides detailed information for homes in any stage of the foreclosure process. Valuation – Captures all the data that provides value and valuation insights of a property. Real Estate Listings – Our real estate listings data and analytics solution provides access to over 40 million listings nationwide, providing invaluable insights into current and historic real estate listings. Schools, Climate Risk, Hazards and Neighborhood Data – This category captures relevant lifestyle data about the community where a property is located. Todd Teta, chief product and technology officer at ATTOM, has this to say about the company's proprietary offering: "At ATTOM, our core mission is to provide real estate stakeholders with information that increases real estate transparency and improves decision making. The ATTOM Table of Data Elements helps to drive that mission by presenting data in a visual format that is easy for our consumers to understand and digest. As we continue to grow, we've maintained our commitment to expanding and enhancing our data elements to ensure that we remain the go-to resource for end-users." With use cases for the information in the Table of Data Elements ranging from market analysis to underwriting solutions, it's clear how ATTOM has earned and maintained its position as the industry's top data provider. About ATTOM ATTOM provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 20TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, property reports and more. Also, introducing our newest innovative solution, that offers immediate access and streamlines data management – ATTOM Cloud.
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Delta Media Builds a 'Hybrid Office' for Its New 2022 Headquarters
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NextHome, Inc. partners with Inside Real Estate to deliver kvCORE to their 575+ franchises
Award-winning real estate brand NextHome equips their entire network with the industry-leading kvCORE Platform, delivering on their promise to be the franchise for the future. MURRAY, Utah, March 15, 2022 -- NextHome, rated the #1 franchise brand in America for owner satisfaction in 2022 across all industries with a proven consumer-centric business model, has partnered with Inside Real Estate to provide kvCORE, the industry's #1 rated technology platform to its 575+ franchised locations and 5,200+ members nationwide. NextHome will also provide CORE Team accounts, a uniquely designed team solution built within kvCORE, to their entire network, ensuring all NextHome teams can operate with full autonomy and leverage the kvCORE Platform to grow their own independent "business within a business". With 575+ offices across a rapidly-scaling franchise network, NextHome has positioned itself as a leader in the industry, with world-class branding, a people first vision, and a commitment to providing their community with the best technology available in the industry. "NextHome prides itself in a 'Humans Over Houses' approach to business growth and that mindset, along with their commitment to providing industry-leading technology and award-winning support, is what makes them a world-class brand," said Joe Skousen, CEO of Inside Real Estate. "We are pumped to partner with the entire NextHome team as they march forward with tremendous momentum." "NextHome and Inside Real Estate share the same passion of building a business designed for the future and focused on the human aspect," said James Dwiggins, Chief Executive Officer of NextHome. "Our team went through an extensive vetting process evaluating countless technology partners and solutions, and the kvCORE Platform was hands down the best choice for our franchisees, teams, and agents. We are thrilled to partner alongside the talented team at Inside Real Estate, and excited for the vast resources and innovative technology this partnership will bring to our growing NextHome community." Highlights of the enterprise-level implementation of the kvCORE Platform for NextHome include: High-performing IDX websites for every franchise, agent, and team with deep consumer behavior tracking and intelligent nurturing to convert more leads into customers The industry's most powerful built-in lead generation engine helping agents and teams expand their pipeline with new buyers and sellers at no cost A personal, private CRM that keeps agents and teams in complete control of their database while leveraging behavioral automation to engage 5-10 times more clients Powerful communication tools including dynamic email campaigns, mass-texting, CORE Video messaging powered by BombBomb, and a built-in mobile dialer to drive more high-value conversations CORE Team accounts, available at no additional cost for all NextHome teams, which unlocks powerful team functionality like advanced team lead generation and lead routing, pond accounts, team accountability rules, agent performance reporting, and more Seamless integration to NextHome's proprietary systems, tools, and support resources NextHome will roll out the kvCORE Platform to franchisees, teams, and agents as an included member benefit in early Spring. "We're thrilled to be partnered with such a forward-thinking team," said Alissa Harper, Chief Sales Officer at Inside Real Estate. "NextHome's commitment to providing the very best technology coupled with the very best service and support of their membership is unparalleled. We look forward to supporting their long term vision and helping power their next chapter of growth." About Inside Real Estate Inside Real Estate is a fast-growing, independently owned real estate software firm that serves as a trusted technology partner to over 250,000 top brokerages, agents, and teams. It was ranked the No. 1 Real Estate Tech Company in G2's Top 100 Software Awards, based solely on verified user reviews. Their flagship product, kvCORE Platform, is the most modern and comprehensive solution in the industry. kvCORE is known for delivering profitable growth at every level of a brokerage organization and. Built on a modern, scalable, and flexible architecture, kvCORE enables every brokerage to create their unique technology ecosystem through custom branding, robust integrations, and high-quality add-on solutions. With an accomplished leadership team and over 225 employees, Inside Real Estate brings the resources, scale, and vision to deliver ongoing innovation and success to their growing customer base. Learn more at insiderealestate.com. ‍About NextHome NextHome, Inc. is an independently owned national franchisor with a focus on changing the way consumers work with local agents and shop for real estate online. Recently ranked as the No. 1 franchise in the country in owner satisfaction, the NextHome franchise has 575+ offices and 5,200+ members across 48 states. The company closes over 36,600 transactions annually worth over $11.9B in volume.
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Realty Associates debuts 'next-gen tech' with Delta Media
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Marilyn Wilson of WAV Group Joins the Executive Leadership Team of the National Small Business Association
ARROYO GRANDE, Calif., March 14, 2022 -- Marilyn Wilson, founder and managing partner of WAV Group, is joining the Executive Leadership Team of the National Small Business Association. For the past two years, Wilson has served on the NSBA Board of Trustees and most recently as the Chair of the Economic Development Committee. Wilson will serve as NSBA's Vice Chair of Advocacy for the nation's oldest small business advocacy organization. Wilson also continues to lead two high-profile, California-based small businesses: WAV Group, a leading real estate consulting firm working with hundreds of other small businesses in the real estate industry, and RE Technology, the number one online source for real estate technology education and information. Wilson has driven extensive advocacy initiatives throughout the real estate industry and her leadership within the NSBA. Celebrating 85 years representing America's small-business owners, NSBA is a nonpartisan organization and the longest-running small-business advocacy group in the nation. Promoting legislation that advances the needs of small businesses and their employees matches the experience she brings to this new position on the leadership team. "Small businesses in America deliver 44% of GDP but are among the most underrepresented groups in framing legislation and shaping opportunities for America's workforce," Wilson said." The NSBA contributes an immeasurable benefit to its members, and I am honored to represent their interests," she added. Wilson's track record as a West Coast small business owner and her experience serving small businesses and technology companies around North America offers a valuable perspective to help shape the priorities of this organization. According to the US Small Business Administration, 99.8% of California entities (3.8 million total) are small businesses. Wilson will be working with NSBA to represent their best interests and advocate for policies to enable business growth and profitability. "Marilyn is an outstanding contributor to NSBA and delivers many unique perspectives developed through her professional practice. We are thrilled to have her step into the role of Vice Chair of Advocacy, where her wide breadth of small business knowledge and her ability to foster collaboration can be leveraged across all of our committees," says Michael Stanek, Chair of the NSBA and Co-Owner of Hunt Imaging, a leading producer of dry and liquid toners. "WAV Group is honored to have Marilyn rejoin the National Small Business Association Board of Directors and continue to fight for small businesses by lobbying for pro-business legislation," said Victor Lund, WAV Group founder and managing partner. Wilson welcomes suggestions for the NSBA by sending an email to [email protected] About WAV Group WAV Group is the leading consulting firm in the residential real estate industry, serving many of the largest and most successful small businesses, including real estate brokerages, technology companies, and local, state and national real estate associations. WAV Group helps each of its clients evolve and grow by delivering an unsurpassed depth of experience in technology, strategic planning, research, business development, sales, product development, marketing and communications in the real estate industry. The firm's diverse collection of global industry experience allows it to cross-fertilize ideas and bring best-of-breed solutions to its clients. More information is available at wavgroup.com. About RE Technology RE Technology is the nation's leading source for real estate technology education, reaching nearly one million real estate professionals daily. RE Technology's goal is to help every real estate professional learn how to leverage technology more effectively so they can be more successful. Consumers expect the seamless use of technology in real estate transactions. RE Technology delivers daily educational content to make it easy for every real estate agent to find the technologies they need to become the most responsive and successful professionals they can be. More information is available at retechnology.com.
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Two Years Later: How the Pandemic Has Rocked the U.S. Housing Market
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Helen Adams Realty offers new help for sellers, buyers including an iBuyer offer
New HOMEsolutions program lets local homeowners and buyers see all "all the options" Charlotte, NC - March 8, 2022 -- With record low housing inventory fueling homes selling at breakneck speed and often above the initial listing price, local homeowners ready to sell are discovering new ways to maximize their profit. The sellers' market also makes it difficult for many home buyers to compete with multiple offers. What's different now versus past seller markets, according to Helen Adams Realty, is that sellers and buyers have more choices than ever. As with many things, more options mean more information and that can be overwhelming, causing clients to seek expert advice to determine which option is best for them. To help, family-owned Helen Adams Realty is launching HOMEsolutions, powered by zavvie. The firm's HOMEsolutions platform is available to homeowners and buyers throughout Central, North, and South Charlotte. Sellers can now compare and choose from an instant, full cash offer from an iBuyer, a buy-before-you-sell bridge loan option, or other innovative solutions, including borrowing money at zero cost for pre-listing home improvements to list their home on the open market for maximum profit. HOMEsolutions also helps home buyers, giving them access to programs that provide them with the opportunity to present an all-cash offer. In addition, innovative rent-to-own solutions are now available for home shoppers who need more time to buy. Helen Adams Realty's HOMEsolutions delivers "all the options under one roof," said Jeff Adams, President of Helen Adams Realty. Powered by zavvie, the centralized solutions platform helps connect Helen Adams Realty agents and their clients with selling and buying providers. "Together with our agents, seller clients can find the best way to sell their home that's just right for them," Adams added. "They can see how much instant cash an iBuyer would offer for their home, or they can buy their next home before they have to get their current home ready for sale." "Buyers also can gain the advantage in a competitive market with a cash offer. Best of all, every seller and buyer will work closely with a Helen Adams real estate agent, who can answer all their questions and provide the best expert local advice and personalized service available," Adams explained. Adams notes that many homes throughout Charlotte and South Carolina are still seeing multiple offers and that homes are typically selling for more than their initial listing price. "We use cutting-edge technology, like our new HOMEsolutions platform, to deliver a high standard of excellence throughout everything we offer our clients," said Adams. "The key to the success of this technology-based program is the human element: our clients get the best technology with the personal help of a trusted real estate agent to provide the guidance they seek." With HOMEsolutions, a Helen Adams agent can offer all the choices so buyers and sellers can select the best path for them. For example, a full cash instant offer from an iBuyer requires properties in good condition and within a specific price range. Or a buy before you sell option gives homeowners more time to prepare their current home for sale while first moving into their next home. Helen Adams agents can also help homeowners sell on the open market — which is the most popular choice because it typically results in the highest sales price and the greatest return for the seller. And home buyers increase their chances of purchasing a home with multiple offers. "By offering more choices, our agents provide their clients with the highest level of personal service," Adams said. The HOMEsolutions platform Lane Hornung, CEO and founder of zavvie, added, "For nearly 50 years, Helen Adams Realty has been committed to providing the highest level of personal service, unmatched local area knowledge, and unwavering ethical standards, backed by cutting edge technology. HOMEsolutions, powered by zavvie, is a new and exciting way to help local clients and extend that commitment." More information about Helen Adams Realty HOMEsolutions is available online at helenadamsrealty.com or ask any Helen Adams Realty agent. About Helen Adams Realty Founded in 1975 by sixth-generation Charlottean Helen Adams, family-owned Helen Adams Realty serves clients throughout Central, North, and South Carolina. Today, Helen's son and grandchildren uphold her legacy with a commitment to providing the highest level of personal service, unmatched area knowledge, exceptional real estate expertise, and unwavering ethical standards. A traditional, relationship-based experience with a cutting-edge approach fused with standards of excellence sets Helen Adams Realty and its agents apart. Learn more at helenadamsrealty.com. About zavvie zavvie is a software technology company that provides real estate brokerages with a marketplace for buying and selling solutions via their own white-labeled platform that keeps agents at the center of the transaction. Over 65,000 real estate agents in 47 states leverage zavvie's software technology to serve their clients better. Discover more at zavvie.com.
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Former Amazon AI leader Venkatesh Baglodi Becomes zavvie CTO
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JPAR Real Estate Launches New Technology Platform Powered by kvCORE
FRISCO, Texas, Feb. 21, 2022 -- JPAR Real Estate, America's #1 fastest-growing, 100% commission brokerage, today announced the launch of its industry-leading technology and marketing platform powered by a tech partnership with kvCORE. "We are very pleased to provide this unprecedented technology and marketing platform to our sales professionals and their customers," said Mark Johnson, President, JPAR® - Real Estate. "The impressive growth of our brand year-over-year is due to the success of our agents and this investment in them only adds to their value proposition to the consumer," stated Johnson. The new technology platform includes the following components and more: JPAR® – Connect, Powered by kvCORE It's still kvCORE, but tailored to JPAR's culture, brand and experience. The new JPAR – Connect app will transition seamlessly for JPAR sales professionals. No need to upload new contacts, the data will be there, and it includes product enhancements and new features designed specifically to improve the agent and consumer experience. JPAR – Connect combines client relationship management, lead generation, marketing, mls data and a best-in-class lead generation suite in one easy-to-use platform. The new tech package also includes predictive analytics, artificial intelligence, and a unique mobile platform to keep agents in front of their clients in the field. The mobile experience enables agents to provide value, transparency and speed to service that today's buyers and sellers demand throughout their homeownership lifecycle. "JPAR – Real Estate truly stands out with their new technology suite, JPAR – Connect, Powered by kvCORE," according to Shaun Rosemann, Inside Real Estate's Executive Vice President of Customer Success. "We are very proud and excited to support these industry-leading capabilities, combined with a highly-branded solution now available to JPAR sales professionals and their customers," added Rosemann. CORE Present This intuitive, streamlined presentation tool empowers JPAR – Real Estate sales professionals to quickly and easily create powerful, branded presentations, tailored to their clients while positioning them as knowledgeable experts. All of this leverages real-time data to drive actionable insights. CORE Home JPAR - Real Estate is empowering their agents to be prepared for the "Battle of Tomorrow" as they strive to meet consumer demand for speed, transparency, and value. To that end, JPAR – Real Estate will be launching their consumer-facing Core Home web experience this year, providing value through the entire homeownership lifecycle in a user-friendly integrated experience. JPAR® – One-Stop Hub The new state-of-the-art intranet will feature new navigation tools, an updated look and feel, and improved functionality to enable JPAR – Real Estate sales professionals to be more productive immediately upon log on. "The JPAR – Real Estate platform provides our brokers and sales professionals with a best-in-class technology and marketing platform built to position the agent at the center of the transaction," said Derek Taylor, Vice President of Product Development. "The technology has a mobile first focus to enhance agent communications while bringing continuous value to their clients." About JPAR® - Real Estate JPAR® - Real Estate and JPAR® Franchising is a full-service real estate brokerage and franchise platform offering a highly competitive transaction fee-based model and agent-centric culture. The JPAR® platform provides agents 7 day-per-week broker support, physical office locations, a comprehensive tech stack and open architecture, physical office locations, marketing, lead generation, training, coaching, mentoring and agent health care. The company boasts more than 3,300 agents operating in 65 offices across 25 states and closes more than $8B annually in sales volume.
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MoxiWorks acquires best-in-class lead nurturing platform, ActivePipe
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Real Estate Investors Are Buying a Record Share of U.S. Homes
Investors bought 18.4% of the U.S. homes that were purchased in the fourth quarter, worth a total of nearly $50 billion SEATTLE -- Feb. 16, 2022 -- Real estate investors bought a record 18.4% of the homes that were sold in the U.S. during the fourth quarter of 2021, according to a new report from Redfin, the technology-powered real estate brokerage. That's up from 12.6% a year earlier and a revised rate of 17.4% in the third quarter. Although investor market share hit a record in the fourth quarter, the number of homes bought by investors declined 9.1% from the third-quarter peak–but it's up significantly from pre-pandemic levels. Investors bought 80,293 homes in the fourth quarter, up 43.9% from a year earlier. The housing-supply crunch constrained home sales for all homebuyers, including investors. The drop from the third quarter is also due partly to seasonality. The number of homes bought by investors jumped throughout 2021 as home prices rose rapidly–they were up 15% year over year in December–alongside a shortage of homes for sale. Investors are taking advantage of intense demand for rentals and increasing prices, with the average monthly rental payment for a new lease up 14% in December. Just over three-quarters (75.3%) of investor home purchases were paid for with all cash in the fourth quarter. "While record-high home prices are problematic for individual homebuyers, they're one reason why investor demand is stronger than ever," said Redfin economist Sheharyar Bokhari. "Investors are chasing rising prices because rental payments are also skyrocketing, incentivizing investors who plan to rent out the homes they buy. The supply shortage is also an advantage for landlords, as many people who can't find a home to buy are forced to rent instead. Plus, investors who ‘flip' homes see potential to turn a big profit as home prices soar." "Investors buying up a record share of for-sale homes is one factor making this market difficult for regular homebuyers," Bokhari continued. "It's tough to compete with all-cash offers, and rising mortgage rates have a smaller impact on investors because they often don't use mortgages at all. If home-price growth slows in the coming year, investor demand may cool down because rental price growth will slow, too." In dollar terms, investors bought $49.9 billion worth of homes in the fourth quarter, up from $35 billion a year earlier. The typical home investors purchased sold for $432,971, up nearly 10% from a year earlier. Mid-priced homes were nearly as popular with investors as low-priced homes Mid-priced homes are gaining popularity with investors, representing 32.3% of their purchases in the fourth quarter, a record high and up from 24.1% a year earlier. Low-priced homes are still more popular than more expensive options for investors, but not by much. Low-priced homes made up 37% of investor purchases in the fourth quarter, a record low and down from 44.5% a year earlier. Meanwhile, high-priced homes represented 30.7% of investor purchases, up slightly from 30% in the third quarter but down slightly from 31.4% a year earlier. "Lower price points are still popular with investors, and I don't expect that to change. One of their main goals is still to buy low and sell high," Bokhari said. "But investors are also increasingly interested in higher-priced properties, partly because there's a lack of low-priced inventory and partly because they're betting on rising demand for high-end rentals." Single-family homes represented 3 in 4 investor purchases Single-family homes made up about three-quarters (74.8%) of investor purchases in the fourth quarter. That's near the highest level on record, essentially tied with the third quarter (75%), and up from 72.2% a year before. Condos and coops made up 15.4% of investor purchases, down from 17.8% a year earlier and 16.1% in the third quarter. Townhouses represented 6% of investor purchases, up from 5.3% a year earlier, and multifamily properties made up 3.8%, down from 4.7% a year earlier. Investors had the biggest market share in Atlanta, Charlotte and Jacksonville Investors had the biggest market share in relatively affordable Sun Belt metros. In Atlanta, 32.7% of homes that sold in the fourth quarter were bought by investors, the biggest share of the 40 U.S. metros in Redfin's analysis, and in Charlotte it was 32.1%. They're followed by Jacksonville, FL (29.8%), Las Vegas (29.2%) and Phoenix (28.4%). Investor purchases more than doubled from last year in Jacksonville, with a 157% year-over-year increase, the biggest jump of the metros in this analysis. It's followed by Las Vegas (105.5% year-over-year increase), Charlotte (92.8%), Baltimore (83%), and Atlanta (74.4%). Investor purchases increased from the year before in all but four of the metros in this analysis (Seattle, Nassau County, NY, Newark, NJ and Warren, MI). Just over 6% of Providence, RI homes that sold in the third quarter were bought by investors, the smallest share of the metros in this analysis. It's followed by Washington, D.C. (7.8%), Warren, MI (8.2%), Virginia Beach (8.6%) and Montgomery County, PA (8.6%). To read the full report, including additional charts, data and methodology, please click here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.
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kwx Acquires CPros to Expand and Scale Transaction Management Capacities
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Prices for Consumer Goods are Rising Quickest in America's Top Migration Destinations
Atlanta, Phoenix and Tampa have relatively high rates of inflation—between 8% and 9%—and they're all popular migration destinations. That's double the inflation rates in San Francisco and New York, places people are moving away from. SEATTLE - Jan. 28, 2022 -- The most popular U.S. migration destinations tend to have high rates of inflation, according to a new report from Redfin, the technology-powered real estate brokerage. Atlanta, the 10th most popular migration destination in the fourth quarter, saw prices of goods and services increase by 8.9% year over year during the same period, the highest inflation rate of all the metros included in Redfin's analysis. Phoenix, with an 8.4% year over year increase in prices, came in number two for both inflation and migration in the fourth quarter. In Tampa—the fifth most popular destination—prices rose 8% year over year, the third highest inflation rate. On the flip side, San Francisco, the number-one place Americans moved away from during the fourth quarter, had the lowest inflation rate (4%). New York, which had the second-lowest inflation rate (4.6%), ranked number three on the list of places people are leaving, and Los Angeles—number two on the list of places people are leaving—had the seventh-lowest inflation rate (6%). Home prices are rising particularly quickly in the most popular migration destinations, one contributor to inflation. For instance, Atlanta home prices were up 22.8% year over year in December, compared with a 10.3% increase in San Francisco. Redfin's report is based on its analysis of the correlation between inflation and migration in metro areas where inflation data is available. The analysis measures the popularity of migration destinations by net inflow, or how many more Redfin.com users are looking to move into a metro area than move out of it. Inflation rates are measured by the Consumer Price Index, the average change over time in prices for goods and services such as fuel, energy and fuel. National consumer prices jumped 7% in December from a year earlier, reaching their highest level in nearly 40 years. Policymakers consider 2% an acceptable level of inflation. As an example of varying inflation rates in different areas, gas prices were up 67.2% year over year in December in the Phoenix metro, and prices of cars and trucks were up 34.4%. Prices also rose in the Los Angeles metro, the number-one origin for people moving to Phoenix, but not as much: gas prices were up 46.5%, and the price of cars and trucks increased by 13.7%. "Migration is one reason among many why the cost of everything from food to fuel is rising," said Redfin Deputy Chief Economist Taylor Marr. "An influx of people moving to a popular, relatively affordable place like Atlanta increases demand for housing and transportation, pushing up prices on those things and contributing to soaring prices on everything else, from food to utility bills." "A person moving from New York City to Atlanta will probably enjoy lower housing costs in their new hometown. That means they're able to spend more on other things, which in turn means local businesses can charge higher prices," Marr continued. "The new residents are winners because the cost of living is still low compared to where they came from, even with higher inflation. A lot of locals are also winners because they have more home equity, or maybe their business has improved because they have more customers. But some locals, especially renters and people with jobs that require them to commute, are worse off due to rising rents and soaring prices on everyday expenses like gas in the car and groceries and wages that haven't kept up." Wages in Atlanta were up 3% year over year as of September 2021, compared with a 4.6% nationwide increase. With a nearly 9% inflation rate in Atlanta, locals have less disposable income than they did last year. But at the same time, Atlanta's unemployment rate was just 2.2% as of November, compared with the national average of 3.9%, illustrating the area's relatively strong economy. As more Americans move to affordable metros, rapidly rising prices will diminish the financial advantage of relocating The financial advantage of living in places like Phoenix and Tampa is likely to fade as more and more people relocate, which will eventually slow migration. "Residents moving away and less demand for goods and services is one reason why inflation is lower in places like New York and Los Angeles," Marr said. "Over time, higher inflation in Phoenix than Los Angeles, for example, will diminish the financial advantage of living in Phoenix. The flow of people moving from traditionally expensive cities to more affordable areas will slow down because, quite simply, prices are rising so fast that those places won't be as affordable anymore." Migration and inflation have become more correlated since the pandemic started As the share of Americans moving to different parts of the country has increased over the last two years, so has the relationship between migration and inflation. Although there was a small correlation between popular migration destinations and high inflation rates from 2010 to 2020, the relationship has grown since the start of the pandemic. Nearly half (43%) of the variation in inflation rates between metro areas in 2021 can be explained by domestic migration. In the preceding decade, a much smaller share–24%–of the variation could be explained by migration. To read the full report, including charts and graphs, click here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.
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MoxiWorks rounds out end-to-end solution for enterprise brokerages with back office product, MoxiBalance
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Curbio Raises $65M to Expand National Fix First, Pay-at-Closing Home Improvement Solution for Brokerages and Realtors
Revolution Growth Leads Oversubscribed Round of Both New and Existing Investors POTOMAC, Md., Jan. 18, 2022 -- Curbio, Inc., the leading pay-at-closing home improvement solution for real estate agents, brokerages and home sellers, today announced a $65M Series B funding round to support continued growth in the untapped market for fix first, pay-at-closing home improvement. Curbio has now raised a total of $93M since its founding in late 2017. Curbio is the first tech-enabled home improvement solution designed specifically to get homes on the market fast and sold for top dollar with no payment due until the home sells. Led by Revolution Growth, a D.C.-based venture capital fund, the investment will be used to expand into additional markets and further develop Curbio's proprietary technology, including the growth of their invitation-only job platform for the country's five-star contractors. Other participants in the round include existing investors Camber Creek, Comcast Ventures, Brick & Mortar Ventures and Second Century Ventures, the investment arm of the National Association of Realtors® as well as new investors Kayne Partners, the growth private equity group of Kayne Anderson Capital Advisors and Masco Ventures. "Curbio is taking an outdated, broken process and dramatically improving it to benefit realtors, home sellers, and subcontractors. We're thrilled to have Revolution Growth lead an amazing group of investors with expertise in PropTech, marketplaces, and scaling disruptive startups. They will be invaluable to Curbio as we shake-up an $85 billion industry which has not seen any real innovation in decades," said Rick Rudman, CEO of Curbio. Curbio is using proprietary technology to dramatically improve the customer experience in home improvement. Curbio's platform and app makes it easy to get proposals, line up labor and materials, track project schedules, get visual updates, and communicate in real-time from any location on any device. Despite current labor and supply shortages, the company's growth and ability to deliver has not slowed down. Curbio's projects average a 20% increase in selling prices, 50% reduction in project time, and 50% reduction in days on market. Selling a home is one of the most complicated lifetime financial transactions, and remodeling to appeal to modern home buyers adds a layer of logistical complexities, guesswork, and stress. Curbio unlocks the ability for any agent or brokerage to offer fix now, pay later services – a turnkey experience with no project minimums or credit checks. As the preeminent one-stop solution for pay-at-closing residential home improvement, Curbio is seizing on an enormous, previously untapped opportunity. "The home renovation market is massive and a large portion of that spend happens in Curbio's wheelhouse with pre-sale upgrades," said Patrick Conroy, a Partner at Revolution Growth who is joining the board of the company. "Curbio's technology-enabled solution addresses a major mismatch in the U.S. housing market—more than 80% of homes are over 15 years old and more than half of new buyers are millennials seeking modern layouts and finishes in their new homes. Curbio bridges this gap for home buyers and ensures that sellers get the most value out of their home quickly and reliably. We're looking forward to helping Curbio become a household name in PropTech." About Curbio Curbio is the nation's leading pay-at-closing home improvement solution for real estate agents and their clients. Founded in 2017, the company has set out to transform the process of getting homes move-in ready with its streamlined approach to home improvement. Powered by technology, Curbio has created a one-stop solution for pre-listing home improvements, handling the entire process from start to finish. Curbio is a completely turnkey solution, taking care of all sourcing, project management and communication, and acting as the licensed, insured general contractor on all projects. Curbio makes home improvement accessible and stress-free so that every real estate agent and contractor can grow their business, and every seller can unlock the value in their home. From simple repairs to whole home makeovers, Curbio gets every listing on the market faster and sold for top dollar.
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Adwerx Introduces Motion Ads to Boost Engagement for Berkshire Hathaway HomeServices Network Members
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MoxiWorks unveils upgrades to digital advertising platform, MoxiPromote
Agents and brokers now have access to enhanced advertising across Facebook and Google with MoxiPromote Seattle, WA - January 11, 2022 -- MoxiWorks, the leading real estate technology platform, announced today the relaunch of its digital advertising tool, MoxiPromote. MoxiPromote simplifies the sophisticated process of digital advertising, empowering brokers and agents to use lucrative marketing channels like Facebook Audience Network and Google Display Network without having to have significant expertise in these platforms. With MoxiPromote, advertising dollars go further than with competitors. Other providers typically apply less than 20% of an agent's budget to actual ad spend, but MoxiPromote puts the agent and their budget goals first. With every dollar spent on ads, more than 50% is applied directly to media spend on their selected channels. "We know how hard you work on your business," said MoxiWorks' Senior Director of Product Management, Jim Smoak. "This is why we're committed to supporting brokers and agents by not nickel and diming them, but by offering an advertising solution that gives you a bigger slice of the pie." MoxiPromote also keeps agents ahead of the competition by making digital marking easy for agents, saving them time and expanding their reach. The advertising tool auto-fills listing information and images by pulling up-to-date listing information from MLS feeds via the MoxiCloud and pulls agent information from the brokerage's roster. As a result, agents can get ads up and running with just a few clicks. Agents are able to expand their sphere of influence, drive awareness to their listings, generate leads, and promote their services as a local real estate expert. "These new upgrades to MoxiPromote will give agents an even easier to use, sleeker and more intuitive platform for advertising their listings, their offices, or themselves," said Smoak. Agents can manage ads across both the Facebook Audience Network and the Google Display Network. Across these platforms, they can run lead gen ads, traffic ads, and always-on campaigns. And, as a cherry on top, MoxiWorks is recognized by Facebook as a Facebook Top Provider. To learn more about MoxiPromote and how it can benefit your business, visit moxiworks.com. About MoxiWorks MoxiWorks is a comprehensive open platform system for large residential real estate brokerages that serves over 800 brokerages and 400,000 agents nationwide, accounting for more than 20% of the transactions in the U.S. MoxiWorks' customer retention over the past seven years stands proudly at 97%. Their integrated tools are centered on sphere methodology that increases agents' repeat and referral business by 54%, while lowering overall technology, training, and support costs for the brokerage. The open platform known as the MoxiCloud has tools from more than 100 partners that integrate to create unique brokerage solutions. Find more information at moxiworks.com.
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HomeSmart Approaches 25,000 Agent Mark with Acquisition of Champions Real Estate Group
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12% of First-Time Homebuyers Say Selling Crypto Helped Save for Down Payment, Up From 5% in 2019
Digital currencies are becoming an increasingly common payment method as millennials rush the housing market SEATTLE - Jan. 7, 2022 -- One in nine first-time homebuyers (11.6%) surveyed in the fourth quarter said selling cryptocurrency had helped them save for a down payment, according to a new report from Redfin, the technology-powered real estate brokerage. This is up from 8.8% in the third quarter of 2020 and 4.6% in the third quarter of 2019. "With extra time and a lack of exciting ways to spend money, many people began trading cryptocurrencies during the pandemic," said Redfin Chief Economist Daryl Fairweather. "Some of those investments went up in smoke, but others went 'to the moon,' or at least rose enough to help fund a down payment on a home." The report is based on a Redfin-commissioned survey of 1,500 U.S. residents planning to buy or sell a home in the next 12 months, which was fielded to a representative sample of the American population and conducted by research technology company Lucid from December 10 to December 13, 2021. The report focuses on the 215 of those 1,500 respondents who answered the question "How did you accumulate the money you need for a down payment?" which Redfin only posed to participants who indicated they were planning to buy their first home in the next year. The most common response was "saved directly from paychecks" (52%), while less common answers included "cash gift from family" (12%) and "pulled money out of a retirement fund early" (10%). Bitcoin, the world's largest digital currency, hit a record high of nearly $69,000 in November. Ether, the second most valuable cryptocurrency, also reached an all-time high, though both coins have since lost some of those gains. With surging home prices leading to larger down payments, some buyers are finding non-traditional ways to cover the cost and compete with other bidders. "Crypto is one way for people without generational wealth to win a lottery ticket to the middle class," Fairweather said. Digital currencies are also likely on the rise as a payment method among homebuyers because millennials and Generation Z are taking up an increasing share of the U.S. housing market. Millennials, who own more cryptocurrency than other generations, now account for more than half of new mortgages. To view the full report, including charts and methodology, please click here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.
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Brokers, Title Companies and Mortgage Companies Driving New Revenue Growth Through Homeownership Services
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Redfin Survey: Three-Quarters of Homebuyers and Sellers Report Changing Plans Due to Inflation
Roughly 1 in 10 respondents are cancelling their plans to buy or sell a home because of inflation. 29% are delaying homebuying plans due to inflation, while 24% are accelerating their plans SEATTLE, Dec. 29, 2021 -- Seventy-three percent of homebuyers and sellers say inflation is influencing their future buying or selling plans, according to a new report from Redfin, the technology-powered real estate brokerage. Responding to a recent Redfin-commissioned survey of Americans who are planning to buy or sell a home in the next 12 months, 29% of respondents said they're delaying homebuying plans due to inflation. Twenty-four percent of respondents are moving up their homebuying plans and 11% are canceling plans altogether. Meanwhile, 10% of respondents said inflation is causing them to move up their home selling plans, 7% are delaying their selling plans and 3% are canceling. "The way Americans interpret news about rising prices can have a variety of effects on their financial decisions, including homebuying," said Redfin Chief Economist Daryl Fairweather. "Some people may delay buying because they're worried that with prices rising on everything from food to fuel, now is not the right time to make a huge purchase. But others might move faster to find a house because they're worried home prices and rent prices will increase even more, and they want to lock in a fixed payment." The survey results come amid reports that inflation is at its highest level in nearly 40 years, with consumer prices jumping 6.8% in November from a year earlier. Increasing prices for gas and other energy sources are driving the inflation surge. Seventy-three percent of survey respondents said rising gas prices are impacting decisions about their homebuying plans or their commute. Thirty-five percent said they plan to drive less or drive a more efficient vehicle because of rising gas prices, while 25% plan to shorten their commutes. Twenty-one percent said they plan to buy a cheaper home. "Different homebuyers react to high fuel prices in different ways, depending on their circumstances," said Redfin Deputy Chief Economist Taylor Marr. "Some people will pay a premium to shorten their commute, while others will opt for a more affordable home to make up for expensive gas or a new – but more fuel-efficient – vehicle." Three-quarters of respondents said the rising cost of home energy is impacting their homebuying or selling plans. Specifically, 36% of respondents said they plan to add energy-saving features to their home, 33% plan to move to a more energy-efficient home and 15% plan to move to a smaller home. To read the full report, including charts and graphs, please click here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.
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eXp Realty Exceeds 70,000 Real Estate Agents Globally
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Redfin Reports Rents Jumped 7% in a Month, Up 21% from 2020
Increase in rents outpaced the increase in the monthly cost of buying a home SEATTLE, Dec. 20, 2021 -- Average monthly rents increased 21% nationwide over the past year and 7% in a single month, according to a new report from Redfin, the technology-powered real estate brokerage. These are the highest annual and monthly growth rates in at least two years--as far back as Redfin's rental data goes. The national median monthly mortgage payment for homebuyers climbed at about the same annual rate—20%—but rose just 1% from October. Rapidly increasing housing costs are a big contributor to overall inflation, which hit 6.8% in November, its highest level since 1982. "First inflation came for the for-sale housing market, and now it is coming for the rental market," said Redfin Chief Economist Daryl Fairweather. "Many people have been priced out of the for-sale market and are looking to rent instead, but that demand is pushing up rents. Anyone who bought a home before this year can pat themselves on the back because their mortgage payments are fixed, meaning their biggest recurring expense is immune to inflation. If you are looking to buy or rent now, there's nowhere to hide from inflation when it comes to housing costs. The good news is that the tight labor market means it's a great time to move somewhere more affordable. Chances are good that no matter where you go, you'll be able to find a new job relatively quickly." Rent-price increases outpaced mortgage payment increases for new homebuyers in 19 of the 50 largest metro areas in the U.S. during November. Rents Are Up Over 30% in Many Major Metro Areas The 10 metro areas with the biggest increases in rent prices—up 28% year over year or more—were almost exclusively in Florida and New York. The exception is Austin, TX where rents were up 30%. Top 10 Metro Areas With Fastest-Rising Rents Year Over Year Miami, FL (35%) Fort Lauderdale, FL (35%) West Palm Beach, FL (35%) New York, NY (34%) Newark, NJ (34%) Nassau County, NY (34%) New Brunswick, NJ (34%) Jacksonville, FL (33%) Austin, TX (30%) Tampa, FL (28%) Only Kansas City and St. Louis saw rents decline year over year Kansas City, MO (-2.3%) St. Louis, MO (-0.3%) Only two metro areas saw a decrease in rent in November compared to a year earlier: Rents fell 2% in Kansas City, MO and less than 1% in St. Louis, MO. To read the full report, including metro-level data and additional commentary, please click here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.
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Redfin Reports 10 Housing Records Set in 2021
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Keller Williams Launches New Mobile App for Command
Enhanced capabilities and UI empower agents to get smarter about business AUSTIN, TEXAS December 9, 2021 -- Keller Williams ("KW"), the world's largest real estate technology franchise by agent count and the U.S. leader in units and sales volume, has launched a new mobile app experience that enables real estate agents and teams to access the robust features, benefits and insights of Command – KW's smart CRM-plus solution – on the go. On December 1, the Command App was released into general availability for KW agents. The new mobile experience and user interface enable agents to interface with Command from any iPhone or Android device. The Command App experience is a flexible extension of the Keller Cloud platform and is purpose-built to optimize the features and benefits of Command that agents need to facilitate real-time communications with clients, record and monitor important business insights, and complete core tasks on the move and in the office. "We know agents spend over 60% of their time away from their desks, juggling between a variety of apps to manage their business on the go," said Chris Cox, chief technology and digital officer, kwx, the holding company of KW. "With the release of Command App, we're seeking to further empower our agents with real-time actionable insights to drive their businesses' growth." Additional features of the new Command App: Dashboard: The easy-to-use dashboard displays key insights that enable agents to be smarter about how to tackle their day and act within a few taps. Presented in three sections: "Tasks," "Who to Contact," and "Things to Know," the dashboard provides a snapshot of what actions an agent should take on a given day. Tasks section: Agents can take inventory of how many tasks are due today, due soon, or past due. Who to Contact section: In one place, agents can review the contacts in their database they have never contacted. Agents can also quickly assess the clients that have been recently active in their agent-branded KW consumer app or website. Real estate team members can review the leads they each can claim. Things to Know section: At a glance, agents can check which clients have birthdays and home anniversaries in the next 30 days and assess the most optimal way to contact them. They can also review the state of their KW profit share earnings. Contacts: Agents have full access to client data in Command. They can track contacts and leads in real time. Additionally, assign a lead to a SmartPlan, the automated marketing and task management app within Command. Log their activity after a call or send a text from the app. Review contact insights on an events timeline. Easily send the link of their consumer app to a contact via text or email. Tasks: Agents can add tasks and manage business tasks in the app. In-App and Push Notifications: Agents can program specific in-app notifications important to them. Based on notifications, they can take business actions on the go. Also, they can create reminder tasks to finish actions later. The Command App is a product of KW Labs, the innovation hub of KW. The company, via Labs, builds technology in partnership with agents that empowers them to get smarter about business and deliver the best consumer experience to their clients. The new app represents a second generation of KW's mobile-native UI for Command. In mid-February 2018, KW debuted the first-generation experience of the Command App named Kelle. "We will continue to develop technology in direct partnership with agents – from ideation to design and iterating together through limited release deployments and testing environments to general availability," said Cox. "As of December 1, we're proud to say the Command App is available to all our agents. It's what they wanted and we're proud to deliver it," said Cox. "Our commitment is to constantly innovate in service of our agents." Command App feature and benefit high-resolution screen captures, videos, and demos are available upon request. About Keller Williams Austin, Texas-based Keller Williams, the world's largest real estate technology franchise by agent count, has more than 1,100 offices and 200,000 associates. The franchise is also No. 1 in units and sales volume in the United States. kwx is the holding company of Keller Williams. In 2020, Keller Williams initially began the formation of kwx, composed of Keller Williams, Keller Williams Worldwide, Keller Manage, Keller Offers and Keller Home Financial Services, consisting of Keller Mortgage and Keller Covered. Since 1983, the company has cultivated an agent-centric, technology-driven and education-based culture that rewards agents as stakeholders. For more information, visit kwx.kw.com.
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Redfin Reports For-Sale Home Supply Hits All-Time Low
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zavvie releases new iBuyer and Power Buyer Report
The study cites explosive growth for 'Power Buyers' as iBuyers rebound BOULDER, Colo. - November 30, 2021 -- Homebuyers and sellers contended with historical challenges in markets across the U.S. this July through September -- and turned toward innovative solutions as a result. When available homes for purchase were scarce, average home prices hit record highs, and multiple offers with escalating bids became the norm, "Power Buyer" companies became more commonplace than ever. With upward of 70% of sellers also needing to buy a home, it was a particularly difficult time. Power Buyers are companies offering services that give consumers more options and financial "power" to buy a home through a cash offer, a buy-before-you-sell bridge solution, or the sale-leaseback; a new zavvie Seller Preferences Report details the explosive growth of Power Buyers and changes in the iBuyer landscape throughout the U.S. between July and September. Just released by zavvie, a brokerage-branded marketplace that connects broker-agents and their clients with new ways to buy and sell homes while keeping agents at the center of the transaction, the report also offers deep insight into the iBuyer market. In the third quarter of this year, iBuyers doubled their acquisitions from any prior quarter and now command a 1.8% national market share. Most notable, the report indicates a trend that iBuyers are making less aggressive offers. For example, iBuyers paid about market rate — 100.6% of market value — in September compared to their July offer strength, which peaked at nearly 105% of market value. But perhaps the most significant trend emerging from the zavvie report is the continued expansion of the leading iBuyer and Power Buyers firms, including Opendoor, Redfin Now, Offerpad, Knock and Ribbon. During Q3 alone, these firms launched their services in more than 30 major metro areas and states. The new zavvie report also acknowledges that in November, Zillow announced it would discontinue its iBuying operations. However, the report concludes that "it's clear that Zillow's decision was completely attributable to internal factors specific to Zillow rather than to any lack of consumer demand" among iBuyers. Stefan Peterson, zavvie Chief Data Officer and co-founder, said, "Paraphrasing Mark Twain, the reports of the death of iBuying by some has been greatly exaggerated. The fact is: iBuyer purchases increased by 46% from Q2 to Q3, a breakthrough quarter for iBuyer purchase volume." Peterson notes that with the withdrawal of a major iBuyer firm, total volume may be impacted — and compounded by seasonal factors — but he believes other iBuying firms could increase their activity, as recent news reports indicate. Other highlights from the Q3 zavvie Seller Preferences Report include: Power Buyers grow exponentially: Ribbon reported demand for its cash offers had increased 10x in 2021. EasyKnock's Q3 business doubled from Q1. And Knock expanded from 3 markets at the end of 2019 to 69 markets in 14 states across the country. iBuyer median purchase price jumps: The median purchase price for iBuyers increased from $280K in Q4 2020 to $413K in Q3 2021, a remarkable 47% gain. Power Buyers top iBuyers with higher price points: The median transaction price for Power Buyers was $480K in Q3, significantly higher than iBuyers. iBuyer "Buy boxes" widen: zavvie notes that iBuyer "buy boxes" (the targeted purchase price range, age, and other conditions) continued to widen in 2021. The percentage of houses eligible for offers increased 38% in Q3, with eligible inventory in the markets that iBuyers service growing from 32% to 47% in the last quarter. Cash offers drive Power Buyers growth: Various Power Buyers reported 2x to 10x growth for cash offers in Q3 compared to Q4 2020. iBuyer fees compare favorably to average commissions: iBuyer service fees remained consistent at 5%, compared with a 5%-6% real estate sales commission typical for an open-market home sale. iBuyers want more for "prep and repairs": The average seller concession increased from the first half of 2021 from 1.9% to 3.1% of the purchase price in Q3 — still lower than the 2020 average of 3.6%. Power Buyers earn the highest consumer satisfaction scores: On a 10-point scale, satisfaction among customers of Power Buyers increased from 9.3 in Q2 to 9.5 in Q3. However, for iBuyer clients, satisfaction dipped from 8.7 to 8.0, indicating service levels may have dropped some due to the skyrocketing number of properties they purchased in Q3. The zavvie Seller Preferences Report is the first review of its kind, covering every selling solution, including iBuyer and Power Buyers, available to homeowners and buyers throughout the U.S. It examines offer strength, offer acceptance rates, service fees, market availability, buy boxes, average concessions and time to close for selling solution providers. The complete zavvie Seller Preferences Report is available for free at zavvie.com/seller-preferences. About zavvie zavvie is a brokerage-branded marketplace that connects broker-agents and their clients with new ways to buy and sell homes while keeping agents at the center of the transaction. Over 65,000 real estate agents in 47 states leverage zavvie's platform to serve their clients better. zavvie gives modern brokerages and agents all they need to thrive in today's evolving real estate landscape: easy-to-use tools, technology, training, marketing, and strategy. Discover more at zavvie.com.
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Redfin Reports Home Prices Hit a New All-Time High
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Adwerx Secures $14.5M to Support Rapid Growth of Customer Relationship Advertising Platform
Adwerx CRA Keeps Your Company's Salespeople Top of Mind All the Time With Their Prospects and Customers, Because People Buy from People DURHAM, N.C., Nov. 23, 2021 -- Adwerx, the Customer Relationship Advertising (CRA) platform, today announced that it has secured $14.5M in a combination of equity and debt from Texas Capital Bank's Technology Banking Group, Savano Capital Partners, and existing investors. The company's Enterprise software business has soared 70% over the last twelve months, and the funds will be used to propel continued growth. The Adwerx CRA™ software seamlessly integrates with existing CRM systems to automatically generate individually personalized digital ads for each member of sales, SDR, and account management teams in enterprise organizations. The personalized ads then begin to passively "follow" each salesperson's current clients and prospects (pulled from the CRM) as they browse the web and social media - keeping the salesperson top of mind all the time with the people that matter most. Adwerx is best known for being the leader in advertising automation in the real estate and mortgage lending sectors, and has recently expanded into wealth management, insurance, law, and independent software vendors. "We're meeting face to face less often these days, but people still buy from people," said Jed Carlson, CEO of Adwerx. "Our customers find great value in how CRA™ keeps their salespeople or account managers in front of their prospects and clients all the time, regardless if they have a team of 10 or a team of 10,000 sales producers. This year we will add more than 250 enterprise customers, and this financing gives us more fuel to continue investing into the growth drivers of the business." For Marketers, CRA™ is a logical addition to the marketing stack. It's a set-it-and-forget-it software that runs 24/7, is affordable, easy to onboard, and is highly effective - with one recent user reporting a 29% lift in meetings booked with prospects and a 25% increase in the closing rate on new business. "We admire what Adwerx has built and see it filling a critical need for sales organizations of all sizes and types, especially in a professional world that now operates both virtually and in person," said Josh Seaman, senior vice president of Texas Capital Bank's Technology Banking group. "We are thrilled to work with Company Management as a capital partner and look forward to what we can accomplish together." To learn more about Adwerx or to book a demo, visit adwerx.com. About Adwerx Adwerx provides Customer Relationship Advertising™ to over 500 enterprises and more than 400,000 sales producers. The platform provides personalized advertising at scale for distributed sales teams across real estate, mortgage, wealth management, financial services, independent software vendors, or any other sales organization that could benefit from humanizing their brand and keeping their sales producers top of mind, all the time, with the right audience. Ad templates are created using a FaceForward™ method - an approach to advertising that puts the company's local salesperson or agent on every ad, and is based on the psychological principles of trust and empathy that drive human behavior. Adwerx targets these customized ads programmatically to the salesperson's specific list of prospects or clients across popular websites, Facebook and Instagram, mobile apps, and streaming TV - increasing brand visibility, boosting productivity by 15%, and reducing turnover by 42%. Learn more at adwerx.com.
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MoxiWorks Home Sales Predictor Proves Strong Accuracy for First Year
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Plunk Partners with Restb.ai to Power the Next Generation Home Valuation Platform
Plunk's New Dynamic Valuation Model will Leverage Restb.ai's Advanced Image Analysis Capabilities BELLEVUE, Wash. -- Plunk, the company bringing advanced analytics to residential real estate, today announced a partnership with Restb.ai, one of the industry leaders in advanced image analysis. Restb.ai will analyze, score, and tag over 400 million images from over 53 million homes in the US and will be used by Plunk's new AI-driven Dynamic Valuation Model. Plunk's new Dynamic Valuation Model analyzes nearly every home in America and tracks its changing value in real time. Pictures of the home—either available through public property records or simply uploaded from a phone—update the information about the home's current features, finish quality, and overall condition towards providing much greater accuracy. "Restb.ai's capabilities are the best in the industry," said Brian Lent, Plunk co-founder and CEO. "Given the important role that a home plays towards individual wealth building—and the role housing plays in our national economy—this might be the most innovative and important integration of AI, machine learning, and image analysis thus far." Residential real estate is the world's largest asset class—worth over $43 trillion in the US alone. However, much of the public records information about homes is either outdated or incorrect, causing a home's valuations to be inaccurate. This has been a source of both confusion for homeowners as well as a growing frustration across the residential real estate industry. Plunk provides REALTORS® with the analytic tools to be precise and provide their homeowner clients with accurate, trusted guidance on their home's value. "A real estate professional can learn a wealth of information by looking at a property's photos, but many of these valuable insights are unavailable at scale or through standard property datasets," commented Nathan Brannen, Restb.ai's chief product officer. "Leveraging the details hidden in photos, Plunk allows REALTORS® to create customized, market-specific, and highly accurate valuations in a matter of seconds." Plunk's Dynamic Valuation Model currently supports the greater Seattle market and is scheduled to launch nationally in Q1 2022. Sign up for early access at www.getplunk.com/realtor. About Plunk Plunk is an advanced data science and mobile technology company leveraging artificial intelligence, machine learning, computer vision, and image analysis to empower REALTORS® and residential real estate professionals to be authorities on home value—turning agents into trusted financial advisors. Plunk's new Dynamic Valuation Model™ allows REALTORS® to deliver accurate valuations in real-time which reflect a home's updates, condition, and finish grades, as well as provide their clients with expert guidance on both the costs and value impact of remodeling and renovating. For more information, visit www.getplunk.com. About Restb.ai Restb.ai is the leading image recognition solution for real estate. Their AI-powered solutions analyze property imagery to unlock real estate specific insights at the image, listing, and market-level. Imagine having a real estate expert analyze each of the 1 million property photos uploaded every day… Well, now you can. Learn more at Restb.ai.
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Lone Wolf launches one-click Digital Home Warranty in Transactions
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Redfin Survey: 50% of Homeowners Who Recently Moved Cited Crime as Important Factor
Crime and safety was the most commonly cited factor for homeowners deciding where to move, whereas for renters it was cost of living SEATTLE, Oct. 29, 2021 -- Half of all homeowners who moved since the pandemic began said that crime and safety was an important factor in determining where they moved, according to a new report from Redfin, the technology-powered real estate brokerage. This includes all those who said it factored "a lot" or was the "most important factor" in their decision. Among renters, the top issue was cost of living, with 40% rating it an important factor. The data in the report is based on an August 2021 Redfin survey of 1,023 U.S. residents who moved to a new home during the 18 months prior to the survey. "There are plenty of positive reasons to make a move, but sometimes people move to flee a place where they felt unsafe," said Redfin Chief Economist Daryl Fairweather. "Concerns with crime, especially among homeowners, contributed to a recent increase in migration out of cities and into more suburban and rural areas. Cities historically have been able to attract residents looking for high paying jobs, but now that remote work is ubiquitous, some may have to work on improving safety and other quality of life factors to retain and attract residents. This might be an uphill battle, because as wealthy residents leave, they take tax dollars with them, leaving cities with less resources to address safety concerns for remaining residents." Long-Distance Movers More Likely to Factor Taxes and Climate Change Into Their Decision People who moved to a new metro area were more likely than those who stayed local to say that taxes and climate change were issues that factored into their decision of where to move. Nearly a third (32%) of metro-movers said that taxes were a major factor in their choice of where to move, compared to nearly a quarter (24%) of those who stayed in the same metro. Climate change was a major factor for 24% of metro-movers and 19% of those who moved within a metro. With many workers now finding themselves newly mobile thanks to recent expansions of remote work, this could portend a wave of migration inspired by taxes and climate change. View the full report, including charts and methodology, here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.
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Inside Real Estate launches CORE Home, first-of-its-kind homeownership solution to put real estate brokerages at the center of the coveted lifetime consumer relationship
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MoxiWorks adds to leading suite of technology, acquires reeazily
The enterprise back-office solution will become part of the MoxiWorks slate of products driving brokerage profitability through higher productivity SEATTLE, Oct. 22, 2021 -- MoxiWorks, the leading real estate technology platform, announced today they have acquired reeazily, an enterprise back-office solution that helps manage real estate transactions across the entire real estate organization. The financial terms of the deal were not disclosed. Reeazily, like MoxiWorks, was born out of real estate for real estate. The company was founded in 2005 out of the need to develop a better system for franchise membership management, billing, and reporting for their clients at RE/MAX Northern Illinois. Over the last 16 years they have continued to evolve and enhance their products. Now, on its fourth generation, reeazily includes a complete brokerage back-office solution, broker.ez®, which integrates QuickBooks Online for accounting. Reeazily also integrates with DocuSign, SkySlope and Dotloop for transaction document management, all of which are existing partners in MoxiWorks' MoxiCloud Partner Program. "We are so thrilled to welcome not only the reeazily products into the MoxiWorks universe, but the whole reeazily community," said York Baur, CEO MoxiWorks. "reeazily has been a partner in our MoxiCloud partner program for over three years and we're excited to expand our product offering as we integrate them fully into our products." The entire reeazily team will be joining MoxiWorks and will become Moxians. reeazily CSO and co-founder Casey Reagan, will stay on board as MoxiWorks' Director of Product Management for back-office solutions, helping to drive innovation. "We recognized a common focus on client service and drive to get things done at MoxiWorks," said Reagan. "That drive made it clear there is amazing synergy and that the Moxi culture was an amazing fit for us. We are excited to join the team." Reeazily products will add to MoxiWorks' array of solutions including MoxiWorks' sphere-based CRM, MoxiEngage, leading CMA interactive presentation product, MoxiPresent, as well as their recruiting system, MoxiTalent, marketing suite, MoxiImpress and websites platform, MoxiWebsites alongside their renowned MoxiCloud open platform. MoxiWorks acquired marketing automation platform, Imprev in November of 2019 which has expanded MoxiWorks' marketing offering, MoxiImpress, powering agent marketing efforts though the complete automation of listing materials. As for future acquisitions, Baur shared, "We plan to continue to help consolidate the highly fragmented real estate tech market as the industry matures. We are highly selective and believe it's important to keep the long-term interests of the residential real estate brokerage to heart. We will look for acquisitions that help further that cause and reinforce the amazing customer loyalty that MoxiWorks enjoys as a result of great products on an open platform, backed up by great support." About MoxiWorks MoxiWorks is a comprehensive open platform system for large residential real estate brokerages that serves over 260 brokerages and 340,000 agents nationwide that account for more than 13% of the transactions in the U.S. MoxiWorks' customer retention over the past seven years stands proudly at 96%. Their integrated tools are centered on sphere methodology that increases agents' repeat and referral business by 54%, while lowering overall technology, training, and support costs for the brokerage. The open platform known as the MoxiCloud has tools from more than 50 partners that integrate to create unique brokerage solutions. Find more information at moxiworks.com. About reeazily Created as a solution for RE/MAX Northern Illinois in 2005 to manage their franchisor operation, it supported a network of independent offices closing with as much as $380 million in commission. reeazily was spun off in 2018 to focus on delivering better brokerage and franchise systems. reeazily is closing thousands of transactions monthly from coast to coast.
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RPR Hits 10,000 Broker Tools Enrollment Milestone
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Back At You Announces Product Rebranding and Evolved Product Offering to Support Accelerated Growth and Real Estate Demand
Los Angeles, CA. October 20, 2021 -- Back At You, a leader in real estate technology, has completed an extensive rebranding of its product offerings. The changes are in response to accelerated company growth, evolved software offerings, and overall demand for robust technological solutions within the real estate space. At the heart of the rebranding is a clear segmentation of their industry-leading products: SocialBAY, ClientBAY, and FinancialBAY, which all work to provide brokerages and their agents with a seamless solution for one, or all, of a brokerage's needs. Over the last 11 years, Back At You has solidified its status as the market leader for real estate technology with over 300+ brokerages and 150,000+ agents utilizing the software, over 1,000,000 exclusive buyer and seller leads generated for clients, and over $1 billion commissions processed to agents. This growth reflects the increasing demand for intuitive, robust, and easy-to-use technology for real estate professionals. With the product rebrand, the Company is better able to market and focus on its core products that are designed to position brokerages for long-term success, help them excel with a powerful all-in-one system, or allow clients to individually select their must-have marketing or back-office technology solutions. All products are leaders in their respective categories and, when combined into one solution, provide brokerages with unprecedented functionality making both revenue producers and admins more productive and efficient. "The sheer breadth of technology and innovation we provide to brokerages and agents is unique in our industry. All our product lines, SocialBAY, ClientBAY, and FinancialBAY, are best in class," says Michael Glazer, CEO of Back At You. "Now, with a more segmented product approach, our teams can dedicate themselves to making each product solution smarter, easier to use, and more innovative." To coincide with this rebrand, Back At You has launched an updated website to emphasize its focus on core products, new product identities, and extensive feature offerings. The site can be found at www.BackAtYou.com, which highlights each product solution, its benefits, and extensive features. Visitors can also access real estate rich content through blogs, educational downloadables, and other noteworthy articles researched and curated by a team with deep knowledge of both the technological and real estate industries. About Back At You Back At You is the premier back-office, marketing, website, and CRM technology solution for real estate brokerages. The Company's three products, SocialBAY, ClientBAY, and FinancialBAY, provide all size brokerages and their agents with a seamless marketing, website, CRM, back-office, and all-in-one technology solution. The company's dedication to real estate and technology has earned it awards from the National Association of REALTORS® as one of the top real estate technologies, Inc 5000, Red Herring as a Top 100 technology company in North America and the World, and from Instagram and Facebook as an Official Marketing Partner.
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Redfin Reports One-Third of Homes Find Buyers Within a Week
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JBGoodwin offers new iBuyer and Power Buyer programs by zavvie
"EasyMove" by JBGoodwin gives local homeowners all selling options San Antonio, TX -- Oct. 18, 2021 -- Unaware of all the possible paths available today to sell their home, sellers now more than ever need professional guidance around which direction to take, according to JBGoodwin REALTORS®. With low inventory continuing to drive up home prices, local homeowners want to determine the best way to maximize their investment when it's time to sell. Offering sellers more help, JBGoodwin REALTORS®, one of the most established and well-respected real estate brokerages in Central-South Texas, is introducing "EasyMove by JBGoodwin" and powered by zavvie. Sellers can instantly see the differences between an instant cash offer from an iBuyer, a buy-before-you-sell option from a Power Buyer, or take the traditional route by listing their home on the open market to maximize their sales price and profit. EasyMove offers local homeowners "every way to sell a home" throughout communities across the entire San Antonio, Hill Country, and Greater Austin areas. New technology from zavvie helps JBGoodwin agent partners showcase every selling option while providing trusted guidance to local homeowners. "Real estate startups and other corporate home buyers are offering local homeowners more choices than ever," said Erin Cestero, President, San Antonio Division, JBGoodwin REALTORS®. "iBuyers can give sellers an all-cash offer and close very quickly. Power Buyers can help homeowners buy their next home before they sell their current one. Or a homeowner will take a traditional path by listing and selling on the open market with the help of a trusted JBGoodwin agent partner." "Everything begins online, but offline sellers benefit from the assistance of a JBGoodwin agent partner who provides the dependable guidance and expertise sellers want and need." Cestero added that because many homes are still selling for more than their list price, homeowners need to "carefully explore all their choices and find the one that's the best fit for them." With EasyMove, homeowners work directly with a JBGoodwin agent partner to determine which sales path makes the most sense for them. For example, an all-cash instant offer from an iBuyer requires properties in good condition that fall within a limited price range. Power Buyers gives sellers more control over their moving timeline as they buy their next home before selling their current one. And most homeowners still choose to sell on the open market because it typically results in the highest sales price and the greatest profit."We have guided tens of thousands of clients through real estate transactions throughout Central-South Texas," Cestero said. "Home sellers need to know that whatever path they take, they will have the service excellence and local expertise provided by a proven team of more than 800 professionals, helping them make the best possible decisions." "JBGoodwin REALTORS® has been a leader in helping homeowners throughout South Texas for nearly 50 years," said Lane Hornung, zavvie co-founder and CEO. "By creating EasyMove, they continue to be a market leader by ensuring their clients have access to every option for selling a home." EasyMove is available to homeowners throughout Austin, New Braunfels, San Antonio, and the Hill Country. Learn more here and at jbgoodwin.com. About JBGoodwin REALTORS® After nearly 50 years in business JBGoodwin REALTORS® is one of the most established and well-respected real estate brokerages in Central-South Texas. With more than 850 agents serving the buying, selling, and leasing needs of clients across Austin, New Braunfels, San Antonio, and the Texas Hill Country, the company has assisted countless families in making their real estate dreams come true. Learn more at JBGoodwin.com. About zavvie zavvie is a brokerage-branded marketplace that connects broker-agents and their clients with Verified Buyers on new ways to buy and sell homes while keeping agents at the center of the transaction. Over 65,000 real estate agents in 47 states leverage zavvie's platform to serve their clients better. zavvie gives modern brokerages and agents all they need to thrive in today's evolving real estate landscape: easy-to-use tools, technology, training, marketing, and strategy. Discover more at zavvie.com.
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MoxiWorks Launches a Sleek Sidekick for Relationship Management
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Matterport Enables Cushman & Wakefield to Digitize Commercial Property Listings Worldwide
Global commercial real estate firm realizes 53% cost savings with Matterport Capture Services in less than a year SUNNYVALE, Calif. - October 7, 2021 -- Matterport, Inc., the leading spatial data company driving the digital transformation of the built world, today announced that Cushman & Wakefield (NYSE: CWK), one of the world's largest commercial real estate firms, has successfully adopted Matterport Capture Services to digitize its global property portfolio and more effectively market its listings across 21 countries. This fully managed solution provides Cushman & Wakefield agents with the ability to seamlessly access Matterport's global Capture Technician ecosystem to scan properties and create dimensionally accurate and photorealistic digital twins for clients to virtually walk through anytime, anywhere. The scalability of Capture Services has enabled Cushman & Wakefield to digitize more than 1,000 commercial properties across the world in less than 12 months and realize a 53% cost savings using the global network of Matterport Capture Technicians. Since 2015, the firm has digitized 33 million square feet of properties using a combination of in-house Matterport Pro2 cameras and now Capture Services. "Standardizing on Matterport meets today's commercial real estate market demands by offering eager buyers and tenants the ability to virtually view properties 24/7, while helping property owners accelerate time to occupancy. The ease of use and return on investment that our clients experience with Matterport Capture Services makes it an essential and lasting customer service offering," says Oliver Skagerlind, Global Head of Client and Business Solutions. "The efficiency and power of Matterport is absolutely transformative for the commercial real estate industry." Watch how Cushman & Wakefield is digitizing their global portfolio quickly and at scale with Matterport: Cushman & Wakefield is an early adopter of the Matterport platform as it gives their agents a competitive advantage. With a growing library of digital twins in its global portfolio, most recently in Japan, agents can easily find and send clients properties to view and assess at their convenience. They can walk through rooms, move from floor to floor, and share the digital twin with fellow stakeholders and decision makers. They can zoom out to see the entire property in Dollhouse view or digitally measure a space to ensure furnishings and equipment fits. "Matterport has enabled Cushman & Wakefield real estate professionals the opportunity to differentiate themselves by offering a more convenient and improved method of listing and viewing spaces to its clients," said Brendan Dowdle, General Manager of Matterport Capture Services. "Capture Services enables them to do that in a turnkey and scalable way and gives them an advantage in satisfying their customers' needs." Learn about Matterport Capture Services here. Read more about Cushman & Wakefield and its success with Matterport here. About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. It is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. The firm's core services include property, facilities, and project management, leasing, capital markets, valuation, and other services. To learn more, visit www.cushmanwakefield.com. About Matterport Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our groundbreaking spatial data platform turns buildings into data to make nearly every space more valuable and accessible. Millions of buildings in more than 150 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at matterport.com and browse a gallery of digital twins.
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Century 21 Real Estate Opens Path to Brokerage Leadership for Diverse Entrepreneurs with Inclusive Ownership Program
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Delta Media breaks through tech clutter with new 'Delta Fresh' ads
Delta Media breaks through tech clutter with new "Delta Fresh" ads Canton, Ohio – October 5, 2021 -- Digital marketing experts estimate that the average person encounters up to as many as 10,000 ads every single day. The daily bombardment has increased some 20 times from an estimated 500 ads per day in the 1970s. Real estate agents and brokers, in particular, are inundated with technology ads. Fueled by the venture capital investment in PropTech firms, tens of billions of dollars are flowing into the real estate space. "The competition for attention has never been greater," said Aaron Geh, head of digital marketing at Delta Media Group, one of the largest real estate marketing technology providers. "As a tech company, you have to think outside the box to break through the massive ad clutter," he added. Geh, who has spent more than two decades managing tech-based marketing programs, worked with the WAV Group to develop a novel way to stand out from conventional tech advertising. Technology ads, he notes, "All look pretty much the same." To focus on establishing the Delta Media brand and differentiation, Geh said, "We got rid of the technology in our technology ads." The new "Delta Fresh" ad campaign debuts in the October issue of Real Estate Marketing & Technology magazine. Published by Delta, the print version of Real Estate Marketing & Technology magazine is distributed directly to 5,000 of the top real estate brokerages across America. In addition, the online version reaches an estimated 10,000 additional real estate professionals. "Core to the Delta Media brand is to be different, and that means striving to be the best at everything we do," Geh said. "Our new ad campaign uses powerful images to communicate our differentiation as the best, or 'Delta Fresh,' versus settling for something less, as in 'Almost Fresh,'" he added. "The focus is not on the technology, but what the technology does." Delta Fresh vs. Almost Fresh Ads Delta Media is renowned for providing brokerage clients with the best data – updated in real-time whenever possible directly from the local MLS. The new ads convey that Delta delivers the "fastest, freshest data there is," with the alternative being less or "Almost Fresh." Based on this theme, Delta's product and service offerings are individually featured, including websites, CRM, SEO, email marketing, showing software (introducing its new Local Showings by Delta Media), and general marketing. Images used in the unique ads include pizza, sneakers, roses, bananas, burgers, shirts, apples, salads and pasta. Sample headlines include "How Fresh is Your Data?" "Does Your Website Need a Fresh Look?" "How Fresh is Your SEO?" "How Fresh is your Showing Software?" and more. View the first ad online in Real Estate Marketing & Technology magazine's October issue. Additional samples can be viewed here. More information about Delta Media and its new Local Showings offering is at deltamediagroup.com and localshowings.com. About Delta Media Group Delta Media Group, Inc., located in Canton, Ohio, is a leading and trusted technology partner for many top real estate brands. Creator of DeltaNET 6 and the new Local Showings app and platform, Delta offers real estate's most advanced all-in-one digital marketing, CRM, back office, and website platform. Delta Media Group is real estate's only family-owned and operated technology innovator with no outside investors or VC funding. Delta Media Group is renowned for saving clients money while reducing the frustration of managing multiple online technologies. Established in 1994, Delta Media Group remains a top real estate technology innovator. Discover more at deltamediagroup.com.
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Adwerx Introduces Customer Relationship Advertising
CRA keeps your salespeople top of mind all the time with their prospects, clients, and referral networks resulting in increased engagement, conversion, booking rates, and referrals Adwerx, a leading provider of automated, hyperlocal, and personalized digital advertising, today announced the launch of Customer Relationship Advertising. The Adwerx CRA software seamlessly integrates with your existing CRM platform to automatically generate personalized digital ads for each of your salespeople. The personalized ads then begin to "follow" each salesperson's specific list of current clients and prospects (pulled from the CRM) as they browse the web and social media – keeping the salesperson top of mind all the time with the people that matter most to their business. "Customer Relationship Advertising™ is rooted in a really simple idea: people buy from people," said Jed Carlson, CEO of Adwerx. "You wouldn't send an email from your salesperson without a personalized signature, so why would you do that with your advertising? CRA is the logical complement to your CRM, and marketers will love it because it's fully automated and doesn't rely on the salesperson to remember to do anything." Sales organizations, and the marketers who support them, face a common challenge of how to keep their salespeople top of mind with their prospects and clients. Email marketing, social media, and traveling to conferences are just a few of the tools utilized. Customer Relationship Advertising™ from Adwerx is the next step. It's a set-it-and-forget-it software that runs 24/7, is affordable, easy to onboard, and is highly effective – proven to drive a 29% lift in meetings booked with prospects and a 25% increase in the closing rate on new business. To learn more about Adwerx, visit www.adwerx.com. About Adwerx Adwerx delivers Advertising Automation as a Service for over 300 enterprises and over 250,000 individual customers. Always at the forefront of digital advertising best practices, Adwerx specializes in providing personalized advertising at scale for distributed sales teams across real estate, mortgage, wealth management, financial services, and beyond. Their ad templates are created using their unique FaceForwardTM advertising methodology, an approach to advertising that puts the company's local salesperson on every ad, and is based on the psychological principles of trust and empathy that drive consumer behavior. Using Adwerx, customers deliver these customized ads programmatically across streaming TV, popular websites, Facebook and Instagram, and mobile apps, while driving growth through digital advertising automation that increases brand visibility, boosts productivity by 15%, and reduces turnover by 42%. Learn more at adwerx.com.
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Constellation1 Launches New Real Estate Commissions Management Solution
The new Constellation1 Commissions modernizes the way brokers run back office operations, streamlining commissions management and giving brokerages complete control of their back office tech stack. NEWPORT BEACH, CALIF. (SEPTEMBER 09, 2021) -- Constellation1, a leading provider of real estate technology and data services for brokerages, franchises, and MLSs across North America, has announced the highly anticipated release of the all-new Constellation1 Commissions, a cutting-edge real estate commissions back office management solution. The new Constellation1 Commissions modernizes the way brokers run back office operations by combining an intuitive user interface and user experience that brings to life stress-free, streamlined commissions management at the brokerage and agent's fingertips. The web-based solution offers brokerages an end-to-end solution, integrations with leading transaction management systems, such as Dotloop and SkySlope, and a best-in-class two-way sync integration with QuickBooks® for easy and automated general ledger entries. There are several real estate franchise integrations as well, which the brokerage may control. "In the past brokerages had to conform their business model to the back office products in the market. Today, with the new Constellation1 Commissions, that has all changed," stated Andy Bencosme, Broker/Co-Owner of Century 21 Village Realty and a Constellation1 Commissions customer. "The product enhances what a brokerage wants to do. For us, that was to reduce the reliance and costs of physical infrastructure, serve agents remotely, streamline operations and do so in a way that works for us and our agents. The Constellation1 team hit all the right buttons and took swift action on the product feedback we provided. The overall experience has been tremendous." The solution features the most flexible commission reporting capabilities in the industry, with helpful, straightforward wizards for creating customized commissions plans and adding transactions. User feedback has consistently reported the solution is easy to learn, enabling staff to be onboarded quickly while significantly reducing the headaches often associated with the learning curve for most back office software. Users also praise the ability to effectively communicate with agents on commission payouts, sales forecasting, and coaching. "We're proud to launch this cutting-edge product as it's a game changer for how brokerages run their back office tech stack," said Andrew Binkley, President of Constellation1. "Our expert team of 130+ employees, many with over 20 years of experience serving the back office needs of real estate brokerages, has diligently worked toward the release of the new Constellation1 Commissions." The new Constellation1 Commissions solution reinforces Constellation1's ongoing commitment to investing in the right technology, research, development, and software solutions for real estate brokerages, franchises, and MLSs. Constellation1 Commissions is the new way for real estate brokerages to run back office operations. About Constellation1 Constellation1 provides front office, back office and data services to real estate brokerages, franchises, and MLSs across North America. Constellation1 is your source for real estate technology. Constellation1 is a division of Constellation Web Solutions Inc. and its subsidiaries and is part of Constellation Real Estate Group. For more information, visit constellation1.com.
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Redfin Report Finds Most Affordable Locations for Teachers to Buy a Home
Merced, Calif.--an agricultural hub hit hard by the Great Recession--topped the list of U.S. metro areas where teachers had relatively high disposable incomes in 2020 SEATTLE, Aug. 31, 2021 -- The five most affordable areas for teachers to purchase homes in 2020 were all located in inland California, according to a new report from Redfin, the technology-powered real estate brokerage. Redfin identified these areas through an analysis of median disposable incomes for teachers in the 157 U.S. metropolitan areas where there was sufficient income data from the U.S. Bureau of Labor Statistics and sufficient housing-cost data from Redfin and other sources. Five Most Affordable Metros for Teachers to Buy Homes In 2020 In Merced, California, the median teacher salary was $99,637 last year, while the median annual homeownership cost was $35,051. That means teachers there had a median disposable income of $64,586—the highest among the 157 metros in this analysis. Next came Fresno, with a median disposable income of $54,510, followed by Riverside ($51,105), Modesto ($50,950) and Bakersfield ($50,931) "Merced's affordability also comes from its distance to big cities. People travel up to an hour for fine dining, shopping and sometimes work," said Debbie Engel, a Keller Williams real estate agent and Redfin partner agent. "Still, Merced has been getting more expensive every year and real estate demand continues to peak. That's largely due to the presence of UC Merced and the area's affordability relative to other major California metros." For Teachers Who Rent, Inland California Is Also Relatively Affordable Merced also topped the list of metros where it was most affordable for teachers to rent housing in 2020. With a median annual rental cost of $31,635 and a median teacher salary of $99,637, teachers who rented homes in Merced had a median disposable income of $68,002 last year. The median teacher salary in Merced was higher than that of any other metro in this analysis. Next came Bend, Oregon, with a median disposable income of $60,192 for teachers who rented. Bend has exploded in popularity in recent years as city-dwellers have moved there in search of relative affordability and access to nature—a dynamic that has caused home prices to surge. Rounding out the top five were Fresno, Modesto and Bakersfield, which also ranked on the top-five list of metros where it was most affordable for teachers to purchase homes. Five Most Affordable Metros for Teachers to Rent Homes In 2020 San Jose Is the Least Affordable Metro for Teachers to Purchase Homes In San Jose, CA, the median teacher salary in 2020 was $90,314, while the median annual homeownership cost was $87,612. That left teachers with a median disposable income of just $2,703—the lowest among the 157 metros in this analysis. Next came Kahului, HI, with a median disposable income of $5,038, followed by St. George, UT ($6,560), Salinas, CA ($7,002) and Flagstaff, AZ ($8,388). "San Jose is expensive, and those prices are going to keep on climbing. That's because housing demand is far outpacing supply," said local Redfin real estate agent Robert Garcia "Land is so scarce that there won't be many new affordable residential building projects in the near future. If anything is going to change, it will have to come from raising teacher salaries on a policy level." Five Least Affordable Metros for Teachers to Buy Homes In 2020 St. George, UT Is the Least Affordable Metro for Teachers to Rent Homes The median teacher salary in St. George, UT—a desert city in the southwestern corner of the state—was $42,680 last year, while the median annual rental cost was $32,144. That translates to a median disposable income of $10,536—the lowest among all metros in Redfin's analysis. It was followed by Sierra Vista, AZ, with a median disposable income of $15,390, Twin Falls, ID ($17,319), Palm Bay, FL ($17,939) and Jackson, MS ($18,202). "The city of Palm Bay itself isn't actually that pricey, but there are a handful of real estate hotspots within the larger metro area that raise the median home price in the region," said local Redfin real estate agent Michael Moore. "One of those hotspots is Melbourne Beach—a town on a barrier island with luxury mansions overlooking the Atlantic Ocean and/or intracoastal waterways. Many areas farther north in Melbourne have also become more expensive due to their proximity to defense contractors and Cape Canaveral, which employ many people in the area." Five Least Affordable Metros for Teachers to Rent Homes In 2020 View the full report, including charts and methodology, here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.
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Lone Wolf acquires Propertybase to complete real estate's ultimate technology platform for agents and brokers
Lone Wolf expands internationally and strengthens the industry's most comprehensive end-to-end technology with top real estate websites, lead generation tools, and enterprise-class CRM DALLAS, TX and CAMBRIDGE, ON - Aug 25, 2021 - Lone Wolf Technologies ("Lone Wolf") is thrilled to announce it has acquired Propertybase. The acquisition rounds out Lone Wolf's unrivaled end-to-end technology with websites, lead generation tools, and enterprise-class CRM, enabling the company to deliver real estate's only complete technology platform for both agents and brokers. "Lone Wolf and Propertybase have been on parallel tracks for years. We thought it was time our paths crossed," said Jimmy Kelly, CEO and President of Lone Wolf. "Propertybase is known for its incredible CRM and real estate websites, while Lone Wolf has long led the industry in transaction and back-office management. Our customers want-and need-these essential solutions to work together, so they can run their entire business in one place. This acquisition brings these leading products together and puts our combined team in position to deliver the ultimate unified technology platform for the real estate world." Propertybase is the leading global provider of real estate websites, CRM, and lead generation software, serving 4,500 businesses and 250,000 users in over 80 countries. The company's flagship solutions include BoldLeads, a lead generation tool and service for agents and teams; Propertybase GO, a CRM and website solution for brokerages and teams; Propertybase Salesforce Edition, an enterprise-class real estate CRM solution built on Salesforce and available worldwide; and Unify, CRM software for mortgage professionals. These solutions add complementary front office tools to Lone Wolf's product portfolio, providing complete technology coverage from lead to listing to close for both agents and brokers. "Joining forces with Lone Wolf is an exciting milestone for Propertybase and its customers," said Vance Loiselle, CEO of Propertybase. "Combining the power of Propertybase's innovative website, CRM, and marketing solutions with the unequaled capabilities of Lone Wolf's offerings will further allow real estate professionals to thrive using technology in a rapidly evolving industry." Lone Wolf has acquired five top technology companies in the past nine months: W+R Studios, LionDesk, HomeSpotter, Terradatum, and Propertybase. With these additions, Lone Wolf's expanded end-to-end technology now includes solutions for marketing, CRM, CMA, transaction management, eSignature, brokerage operations, insights and analytics, talent management, as well as ancillary tools and services. The company's focus is to now create an intuitive flow of data and identity across these solutions and connect several critical real estate processes for agents and brokers. Lone Wolf is also expanding its investment in artificial intelligence (AI) and machine-learning to produce unparalleled time-savings, transparency, and insights throughout each of these processes. The result will be a unified platform that empowers agents and brokers in a digital era, one that provides consumers with a modern real estate experience that can only come from a professional. "We want to simplify real estate-but not in a way that takes people out of the business," said Chris Egan, Chief Strategy Officer of Lone Wolf. "Our goal is to bring the time-honored tenets of the real estate world into the present with a modern, innovative, and connected technology platform that makes it simpler for people-and the professionals who help them-to buy and sell homes. Serving over 1.5 million agents, 15,000 brokerages, 1,000 MLSs and associations in North America, boasting nearly 650 employees with hundreds of cumulative years of experience, and offering the most trusted solutions in the industry involved in over 75% of all real estate transactions in the U.S. and Canada, Lone Wolf is the only company with the reach, size, and technology that can make this happen." About Lone Wolf Technologies Lone Wolf Technologies is the North American leader in residential real estate software, serving over 1.5 million real estate professionals across Canada and the U.S. With cloud solutions for agents, brokers, franchises, MLSs and associations alike, the company provides the entire real estate industry with the tools they need to amaze clients, build their business, and improve profits-from transactions to back office, insights, and more, all in one place. Lone Wolf's offices are located in Cambridge, ON, Minneapolis, MN, and Dallas, TX. Find out more at https://www.lwolf.com About Propertybase Propertybase is the leading global real estate and mortgage software company with lead generation, award-winning websites, CRM, mortgage business growth platform and more. Over 4,500 brands including Hawai'i Life, Nan and Co. Properties, Red Oak Realty, Forbes Global Properties and ONE Sotheby's International Realty trust Propertybase to deliver innovative technology that scales their businesses. The Propertybase family of brands includes Propertybase, BoldLeads, BoldMortgage and Unify. For more information, visit www.propertybase.com.
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Rocket Homes Combines Every Aspect of Home Buying and Selling into One Simple, Customizable Platform
With Rocket Homes, home buyers and sellers are empowered to take control of their real estate experience while also having opportunity to save thousands of dollars DETROIT, Aug. 10, 2021 -- Rocket Homes, a technology-driven real estate service provider and part of Rocket Companies, today announced it is revolutionizing the way home buying and selling is done in America by seamlessly integrating the tools, professionals and innovations needed to win in a red-hot housing market. Rocket Homes will be the first real estate company ever to create a wide array of choices for those in the market, putting clients in the position to create their own truly bespoke experience, rather than the traditional one-size-fits-all approach that has been the standard for more than a century. The company is bringing together a comprehensive suite of services that includes: credit reporting, home search, the industry-leading ForSaleByOwner.com process, on-staff real estate agents, a nationwide network of trusted real estate professionals, iBuying services to provide a back-up offer to sellers - along with direct connections to Rocket Mortgage, America's largest mortgage lender, and Amrock, a premier closing and settlement services provider. "There is nothing more exciting than getting the keys to a new home, but far too often the process of getting to that point is confusing and fragmented. At Rocket Homes, we are laser-focused on using technology and innovation to create a fully customized and transparent experience that is stress-free and fully integrated – working seamlessly with sister companies to simplify and speed-up the process, all while saving our clients money," said Doug Seabolt, CEO of Rocket Homes. "Whether a client is looking to sell their house on their own, get assistance from an on-staff Rocket Homes agent or meet face-to-face with our trusted local real estate professionals, we will have unique options and resources to help every client move through the process in a way that is fully customized to them." Homeowners looking to sell their property will have the ability to select the right experience for their needs and goals thanks to Rocket Homes Seller Solutions. Through the program, sellers can: Leverage the industry-leading ForSaleByOwner.com platform that provides sellers all the tools they need to go through the process on their own. This option has become increasingly popular among homeowners in today's competitive housing market. Work with highly skilled, on-staff Rocket Homes Real Estate Agents that advise clients on the best list price, facilitate professional photos, list the house on the local multiple listing service, negotiate offers and handle all paperwork. Just like Rocket Mortgage effectively serves clients in all 50 states from centralized locations, Rocket Homes agents will assist with the most complex moments of the real estate transaction from downtown Detroit. With this option – which will be open to the public starting in the fourth quarter of 2021 - homeowners pay a significantly lower commission of only 1.5% for the selling agent, as opposed to the traditional fee of 3% -- which represents a savings of $4,500 on a $300,000 home sale. If a homeowner wants to work with an expert in their local area, they can tap into the Rocket Homes Verified Partner Agent Network of trusted and vetted professionals. This is a nationwide group of the best real estate agents who consistently receive top ratings from the clients they serve. The Partner Agent Network provides the option of a high-touch, in-person experience that some sellers desire. It consists of thousands of professionals working in every state, representing more than 3,000 counties across the country. True to the company's promise of providing certainty in complex moments, a soon-to-be-released iBuyer program, facilitated through third-party partner companies, will ensure every owner is given the opportunity to receive a guaranteed offer on their house. Consumers who need to sell their house before buying another often lose out on their new dream home due to the need to make a contingency offer – meaning their deal hinges on closing the sale on their existing property. With the forthcoming program from Rocket Homes, these consumers will now have a guaranteed offer on their current house and can eliminate the need for contingency altogether. Once a client completes the selling experience with Rocket Homes, they will be able to use the company's robust home listing sites and be referred to one of the company's Partner Agents to assist with the purchase of their house. To provide clarity and transparency, real estate professionals can leverage the Rocket Pro Insight application which enables them to help their clients throughout the mortgage process with unmatched service. Through this app, agents can upload documents on behalf of the buyer, ensuring the process continues moving quickly. Rocket Pro Insight even enables the real estate expert to adjust the loan amount on the approval letter - within an approved range to ensure they are delivering offers that help their clients win. As of the end of the second quarter of 2021, there were nearly 50,000 agents using Rocket Pro Insight. Home buyers can also view listings from all 50 states on RocketHomes.com, the company's mobile app or on ForSaleByOwner.com. Beyond finding houses, the company's website supplies Americans with easy-to-consume market intelligence, helping ensure they make informed decisions. Rocket Homes Housing Market Reports provide deep insights and trend information on neighborhoods, displaying whether it is a buyer's or seller's market, the average number of days a home is listed in the area, the median home price and much more. This information is displayed in a clear, easy-to-understand format, providing the real-time, actionable insights that homebuyers need to make immediate and educated decisions. Before even starting the search process, consumers can use Rocket Homes' proprietary credit monitoring tools to ensure they are financially prepared to purchase the home of their dreams. These resources enable consumers to check their credit report and view how various factors will impact their credit score. As an added benefit, clients can utilize the Home Affordability Calculator to determine the home price they can afford using credit score, gross income, debt and expenses. The tool then shows home prices in their desired area that fit their budget, ensuring they are fully prepared when beginning the homebuying process. Rocket Homes' innovations are made stronger by the seamless integration with fellow Rocket Companies platform businesses including Rocket Mortgage, the nation's largest mortgage lender, and Amrock, a leading title and settlement services company, to provide a cohesive and unmatched end-to-end housing ecosystem. The company's on-staff real estate agents, its iBuyer program to give sellers a guaranteed offer and additional forthcoming innovations will be released throughout the remainder of 2021 and into early 2022. About Rocket Homes Rocket Homes is a tech-based real estate service provider and home search site which is a part of Rocket Companies (NYSE: RKT). It manages a nationwide Partner Agent Network that includes some of the nation's top agents from 3,000 different counties and has assisted nearly one million consumers with their home buying and selling needs. All of its Partner Agents are prescreened and demonstrate exceptional client service, knowledge and experience in their local communities. Rocket Homes hosts a website and mobile app consumers can use to search for homes, connect with a real estate professional and obtain mortgage approval through sister company Rocket Mortgage - creating a seamless, fully integrated home buying and selling experience. For more information, please visit RocketHomes.com.
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Redfin Publishes Data from ClimateCheck to Help Consumers Understand the Risk for Fire, Heat, Drought and Storms Over a 30-Year Mortgage
Homebuyers and homeowners can see data for every neighborhood on Redfin.com in the contiguous U.S., representing over 94 million homes SEATTLE, Aug. 3, 2021 -- Redfin, the technology-powered real estate brokerage, is now publishing climate risk information for every location page on its website. Visitors to Redfin.com who want to understand the climate risks for fire, heat, drought and storm over a 30-year period to any area in which they're searching for a home can now see a ClimateCheck rating from 0-100 associated with the county, city, neighborhood and zip code of the home they're considering. ClimateCheck, a company that measures an area's risk for climate-related disaster, provides the data to Redfin. Currently, this data is available everywhere in the contiguous U.S. "A home is a huge financial investment, and these days consumers are seeing all too many examples of climate-related risks like fires, floods and heatwaves," said Redfin Chief Growth Officer Christian Taubman. "By bringing ClimateCheck's data to every location page on Redfin.com, we're making it easy for consumers to make better-informed decisions about buying, selling and renting." ClimateCheck's ratings are based on two factors: an area's future risk, and how much that risk will change over time. The company projects future risk for climate-related hazards by using dozens of internationally accepted global climate models that assume a conservative, worst-case scenario for the continued release of CO2 into the atmosphere. ClimateCheck then personalizes these global models to the local level across the U.S. with a technique called downscaling, which combines global projections with observed local weather patterns. It projects a higher risk for areas expected to experience more dramatic changes—compared to ones already experiencing such hazards—as this reflects the challenges and cost of adjusting to climate change and the increased stress on local infrastructure. "Consumers can now make smarter decisions when evaluating the risks of climate change," said ClimateCheck Principal Cal Inman. "Redfin is taking the global climate challenge down to the local level where people are struggling to figure out the consequences of dramatic weather and climate events." Many Americans are factoring climate change into their decisions about where to live, according to a survey Redfin conducted earlier this year. About half of respondents who plan to move in the next year said extreme temperatures and/or the increasing frequency or intensity of natural disasters played a role in their decision to relocate. Another one-third of people said rising sea levels played a role for them. Out of the 2,000 respondents surveyed, nearly 80% said that increasing frequency or intensity of natural disasters in an area would make them hesitant to buy a home there. A slightly lower share—about three-quarters—would be hesitant to buy a home in a place with extreme temperatures and/or rising sea levels. Furthermore, more than one-third of homeowners surveyed have spent at least $5,000 fortifying their homes against climate threats. About Redfin Redfin is a technology-powered real estate broker, instant home-buyer (iBuyer), lender, title insurer, and renovations company. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 4,100 people. About ClimateCheck ClimateCheck enables consumers to instantly assess property risk driven by climate change. ClimateCheck's team of scientists and advisors combine historic data and climate models to produce a hyper-local risk assessment of all hazards for every property in the United States. Visit www.climatecheck.com for your instant, free assessment.
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eXp World Holdings and Kind Lending Unite to Launch SUCCESS Lending, LLC, a New Residential Lending Platform
BELLINGHAM, Wash. - July 15, 2021 -- eXp World Holdings, the holding company for eXp Realty, one of the fastest-growing residential and commercial real estate companies in the world, today announced a new joint venture ("JV") with Kind Lending, a rapidly growing nationwide residential mortgage provider, to establish SUCCESS® Lending. SUCCESS® Lending builds on the heritage of SUCCESS Enterprises, a 124-year-old company and a leader in the personal development industry. This new venture will enlist expert loan officers, currently working with top eXp agents, to provide lending solutions to consumers engaged in the homebuying journey. Both eXp Realty and Kind Lending have been disruptors in the real estate and mortgage industries, respectively, and are primed to break from traditional models and remove friction in the homebuying and selling processes. Housing and lending veterans, Glenn Sanford and Glenn Stearns, have a shared vision of innovating with top achievers in the mortgage industry to improve the overall homebuying experience. "We are taking a collaborative approach to home lending that will connect an ecosystem of expert real estate and mortgage professionals. Our mission is to help people find, own and sell homes. It started by reimagining the real estate brokerage from the ground up for real estate professionals and now we are focused on establishing a high-quality network of lending professionals to guide consumers through the mortgage process as well. Our agents are seeking a synergistic mortgage solution that provides greater efficiencies and clearer communication for their customers. SUCCESS® Lending was formed to fill that need," said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. Kind Lending, founded in 2019, brings together the top minds in the mortgage industry to reinvent the mortgage process through technology and process efficiencies, while humanizing the mortgage journey for homebuyers. Kind Lending originated nearly $4 billion in its first 12 months, and the Scotsman Guide ranked it the 22nd largest lender in the first quarter of 2021. The company and its leadership are dedicated to a customer/client-centric model based on transparency and integrity in mortgage lending standards with a unique value proposition built on a platform of kindness. "eXp Realty shares our core values of community and service. It is through innovation and empowerment we can assist more homebuyers to fulfill their dream of homeownership. We are excited to team up with a company recognized as an industry titan with strong leadership and financial results. The cultural fit of our two companies is the foundation of innovating business models and creating a better experience for customers," said Glenn Stearns, Founder and CEO of Kind Lending. About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty, Virbela, Showcase IDX and SUCCESS Enterprises. eXp World Holdings and its global brokerage, eXp Realty, is one of the fastest-growing real estate tech companies in the world with more than 59,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel and Panama, and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. For more information, visit expworldholdings.com. About Kind Lending Headquartered in Southern California, Kind Lending is the fastest growing residential mortgage banker in the country, earning its distinction as a top 25 lender in the industry within its first year of production. Founded by industry veteran Glenn Stearns in 2019, the Retail, Wholesale, and JV divisions are built on the principles of simplified processes, team empowerment, inclusivity and advancing the Kind Movement. For additional information, visit KindLending.com. Company NMLS #3925
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Delta Media triples staff in last 36 months as 2021 growth surge will result in doubling its workforce in 2022
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Sibcy Cline launches new iBuyer and modern Bridge programs by zavvie
New Sibcy Solutions offers all selling options to local homeowners Cincinnati, OH - July 12, 2021 -- In a hot seller's market, with homes selling faster and above asking price, local homeowners are considering ways to maximize their profit when they decide to sell. But what's different now than past seller markets? According to Sibcy Cline Realtors, sellers have more choices than ever, but they may not be aware of all the possible ways to sell their home — and which option is best for them. To help, Sibcy Cline, the largest independent real estate broker in Greater Cincinnati and Dayton, Ohio, Northern Kentucky, and Southeastern Indiana, is launching its new Sibcy Solutions, powered by zavvie. Sellers can compare and choose from between an instant cash offer from an iBuyer, a modern Bridge option or list their home on the open market to maximize their sales price and net proceeds. Sibcy Solutions provides "the most ways to sell a home" throughout Sibcy Cline's markets, using new technology from zavvie that helps agents showcase all selling options for local homeowners. "Homeowners have an unprecedented opportunity today to find the best way to sell their home," said Robin S. Sheakley, President of Sibcy Cline Realtors. "They can see instant all-cash offers from iBuyers. Or they can decide with a modern Bridge option to buy their next home before they sell their current one. It all begins online and includes working closely with a Sibcy Cline real estate agent, who can answer all their questions and provide expert local advice." Sheakley notes that many homes in the local market still see multiple offers, and that homes are typically selling for more than their list price. Sheakley said. "While we are well-known for using the latest technology to help our clients, the most important ingredient for a successful sale remains the help of a trusted real estate agent — and we have 1,000 local experts ready to help." With Sibcy Solutions, homeowners working with a Sibcy Cline agent can determine which sales path makes the most sense for them. An all-cash instant offer from an iBuyer requires properties in good condition and within a targeted price range. With a modern Bridge path, a homeowner can buy their next home before selling their current one, giving them more control over their moving timeline. Sibcy Cline agents also can help homeowners sell on the open market — which is the most popular choice, as it typically results in the highest sales price and net proceeds. "For over 50 years, Sibcy Cline Realtors always been in the forefront of the industry," said Lane Hornung, zavvie co-founder and CEO. "By bringing Sibcy Solutions to their local markets, they are once again delivering to their clients new and exciting ways to sell a home." "Sibcy Cline agents take exceptional care of their clients so their clients can choose the path to sell that works best for them," Hornung added. Access to Sibcy Solutions is available by asking any Sibcy Cline agent about the program. About Sibcy Cline Realtors Sibcy Cline Realtors is the largest independent real estate broker in Greater Cincinnati and Dayton, Ohio, Northern Kentucky, and Southeastern Indiana. Since the 1930s Sibcy Cline has been part of the local landscape as one of the most respected real estate companies, ranking among the nation's top 50 independent real estate firms. A family company locally owned and operated, Sibcy Cline is a full-service real estate firm offering mortgage, relocation, insurance, title, and home services division, with 1,000 real estate agents in 20 branch office locations. Learn more at sibcycline.com. About zavvie zavvie brings together leading brokerages and innovative Verified Buyers in a marketplace that offers a modern, one-button digital experience for home sellers. Over 60,000 real estate agents in 47 states leverage zavvie's platform to serve their clients better. As the first end-to-end real estate brokerage platform offering a full spectrum of selling solutions, zavvie gives modern brokerages and agents all they need to thrive in today's evolving real estate landscape: easy-to-use tools, technology, training, marketing, and strategy. Discover more at zavvie.com.
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eXp Commercial to Host Virtual Commercial Real Estate Symposium
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HGTV Joins Forces with LeadingRE and Luxury Portfolio for the HGTV Ultimate House Hunt 2021
Annual online awards spotlight extraordinary real estate listings CHICAGO - June 30, 2021 -- Leading Real Estate Companies of the World and Luxury Portfolio International announce the launch of the HGTV Ultimate House Hunt 2021. This is the tenth consecutive year HGTV has aligned exclusively with Leading Real Estate Companies of the World® and Luxury Portfolio International® for the popular online promotion, which generated more than 1.5 million votes last year. This year's Ultimate House Hunt runs from June 30 through August 4 on HGTV.com, featuring stunning homes for sale in eight categories: Amazing Kitchens, Beachfront Homes, Countryside Retreats, Curb Appeal, Downtown Dwellings, Homes with a History, Outdoor Escapes, and Waterside Homes. A special Global Homes gallery spotlights beautiful properties from outside of the U.S. All featured homes are represented by members of Leading Real Estate Companies of the World® and Luxury Portfolio International®. Consumers can tour the 66 homes selected as finalists by viewing photo galleries on HGTV.com before casting a vote for their favorite properties. A winner will be chosen in each category based on the highest number of votes received, and an overall favorite will be awarded for the listing receiving the most votes. "This year marks a decade since we first joined forces with HGTV for the Ultimate House Hunt. Our shared passion for beautiful homes and exceptional design has allowed us to showcase some of the finest properties in the world, and this year's finalists carry on that tradition. We look forward to showcasing these breathtaking homes and seeing which capture the attention of HGTV's audience," said Paul Boomsma, President/CEO of Leading Real Estate Companies of the World®. This year's finalists include 66 homes represented by 34 real estate companies: @properties; Allen Tate Realtors; Allie Beth Allman & Associates; Ansley Real Estate; ARC Realty; Beverly-Hanks, Realtors; CRYE-LEIKE Realtors; Dave Perry-Miller Real Estate; Deasy Penner Podley; Dickens Mitchener; Dilbeck Real Estate; Ebby Halliday Realtors; Harry Norman Realtors; Hawaii Life Real Estate Brokers; Houlihan Lawrence; Howard Hanna Real Estate Services; John L. Scott Real Estate; Kinlin Grover Real Estate; Latter & Blum; Leonard Ryden Burr Real Estate; Locations; Michael Saunders & Company; Nan and Company Properties; Phyllis Browning Company; ReeceNichols Real Estate; Resources Real Estate; Richardson Properties; Sandpiper Realty, Inc.; Slifer, Smith & Frampton Real Estate; Smith & Associates Real Estate; The Grubb Company; Village Properties; Watson Realty Corp.; William Raveis Real Estate, Mortgage & Insurance; Williams Trew; and Windermere Real Estate. Each winning home will receive editorial exposure on HGTV.com, as well as the prestige of being selected as a fan favorite. Additional properties featured in the Global Homes gallery come from seven different countries or territories around the world and are represented by Cofim Immobiliare; Daniel Feau Conseil Immobilier, SA.; Immobiliere Le Lion; Island Living Collective; Jawitz Properties; REmexico Real Estate; Stresa Luxury Real Estate; and The Whistler Real Estate Co., LTD. To view all homes and cast your vote, visit: HGTV.com/househunt About Luxury Portfolio International® (LPI) Luxury Portfolio International® is the luxury marketing division of Leading Real Estate Companies of the World®, the largest global network of premier locally branded firms dominated by many of the world's most powerful, independent luxury brands. Luxury Portfolio attracts a global audience of visitors from over 200 countries/territories every month and markets approximately 50,000 luxury homes annually. Well Connected.™ About Leading Real Estate Companies of the World® Chicago-based Leading Real Estate Companies of the World® is a global network of top independent real estate firms, with 550 companies and 150,000 sales associates in 70 countries. In 2020, network members participated in over 1.1 million global transactions. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. Its online learning platform, LeadingRE Institute, was named to Training magazine's Top 10 Hall of Fame. LeadingRE is also active in commercial real estate, with 200 firms in 15 countries specializing in the commercial arena.
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ATTOM Acquires GeoData Plus, Continuing Its Mission to Increase Real Estate Transparency
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CoreLogic Announces Acquisition of ClosingCorp
Expands Suite of Digital Solutions and Intelligence to Enhance the Home Buying Process Irvine, CA, June 30, 2021 -- CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today announced the execution of a definitive merger agreement to acquire all outstanding shares of ClosingCorp. The transaction is expected to close in the third quarter of 2021 subject to regulatory approvals, and other customary closing conditions. ClosingCorp, headquartered in San Diego, is a valued partner to major participants in the housing ecosystem providing unique must have intelligence and digital solutions that streamline the quoting and ordering of critical settlement services needed to originate and service a home loan, eliminating friction, cost and risk. "ClosingCorp's unique solutions coupled with the property-level digital content and platforms of CoreLogic enables us to continue our rapid growth and accelerate the introduction of new high-demand products. Pairing our fees and order management platform with the greater resources that CoreLogic brings, will create significant benefits for our customers in terms of simplified workflow and continuous innovation," said Bob Jennings, ClosingCorp Chief Executive Officer. Frank Martell, President and CEO of CoreLogic said, "The CoreLogic team is excited to join forces with Bob and the ClosingCorp team as we expand our range of innovative best-in-class solutions for mortgage lenders, title and settlement companies and real estate professionals. The combination of ClosingCorp and CoreLogic digital solutions, platforms and domain expertise is clearly additive for our clients and the broader housing ecosystem." About CoreLogic CoreLogic, a leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, buy, and protect their homes. For more information, please visit www.corelogic.com. About ClosingCorp Headquartered in San Diego, Calif., ClosingCorp owns and operates the premier source of intelligence for closing costs and service providers in the U.S. residential real estate industry. Through innovative solutions, progressive technologies and strong alliances, the company delivers timely, accurate and transparent results that help optimize closing processes and services for mortgage lenders, title and settlement companies and real estate professionals. Clients rely on ClosingCorp to help improve efficiencies and mitigate risk. For more information, please visit www.closing.com.
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Buyside's Industry-leading Home Valuation Pages Have a New Feature -- and It's a Game Changer for Real Estate Brokerages + Their Affiliated Mortgage Partners
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iBuyer Home Purchases Inch Back Toward Pre-Pandemic Levels
The year-over-year decline in iBuyer home purchases narrowed to 6% in the first quarter, when iBuyers snatched up 4,383 homes SEATTLE, June 25, 2021 -- The nation's top iBuying companies purchased 4,383 homes in the first quarter of 2021, according to a new report from Redfin, the technology-powered real estate brokerage. While that's down 6.1% from a year earlier, it's up 20.6% from the prior quarter—a sign that iBuyers are continuing to ramp up after pausing business at the beginning of the pandemic. Still, iBuyers make up a tiny portion of the overall housing market, purchasing just 0.5% of homes that sold across the 418 U.S. metropolitan areas tracked by Redfin in the first quarter. That's down from a peak of 0.8% in the second half of 2019 but up from 0.3% in the fourth quarter of 2020. The report is based on a Redfin analysis of MLS and public-records data on home purchases and sales made by well-known national iBuyers: RedfinNow (Redfin's iBuying business), Opendoor, Zillow Offers (Zillow's iBuying business), Offerpad and Bungalo. The term "iBuyer" (short for instant buyer) is used to describe real estate companies that purchase houses from homeowners in quick cash transactions by using algorithms to evaluate a property's worth based on comparable market data. iBuyers typically charge sellers a higher fee than a traditional real estate agent would given the certainty of a cash offer with a flexible move-out day and the convenience of avoiding home prep, showings and open houses. These companies then make any necessary improvements to the homes and resell them. Real estate firms including Redfin, Zillow and Opendoor put iBuying on hold at the onset of the coronavirus pandemic amid economic uncertainty. These companies resumed their iBuying businesses in May and June of last year as housing demand began to rebound thanks to record-low mortgage rates and a wave of relocations made possible by remote work. "Business really started ramping up in January and February. Since then, we've just had a constant barrage of deals," said Allister Booth, an acquisitions specialist at RedfinNow in Los Angeles. "We're back to full speed and are buying more homes than we were last year. After we buy and renovate those homes, we know we'll be able to sell them because there are so many more buyers in the market right now than there are homes available." Raleigh and Charlotte Are Top Markets for iBuyers In Raleigh, NC, iBuyers purchased 2.9% of the homes that sold during the first quarter—a larger share than any other top iBuyer market. Next came Charlotte, NC at 2.7%, Durham, NC and San Antonio, TX at 2.6%, Tucson, AZ at 2.3% and Phoenix at 2.2%. iBuyers Purchase Less Expensive Homes Than the Typical Homebuyer iBuyers bought homes for a median of $302,050 in the first quarter. By comparison, the median purchase price for the typical American homebuyer was $320,000. In every top iBuyer market*, iBuying companies purchased homes for less than the metro-area median. iBuyers Are Selling Homes in 13 Days—A Record Pace Nationally, the typical iBuyer-owned home found a buyer after 13 days on the market—the quickest pace since at least 2015, when Redfin began recording iBuyer data. That's down from 33 days a year earlier and a revised 18 days in the fourth quarter. By comparison, the typical home in the overall market spent 31 days on the market (also the quickest pace on record), down from 50 days a year earlier and unchanged from the prior quarter. In a majority of the top iBuying markets, iBuyers sold their inventory faster than the typical homeowner, with the largest margins in Raleigh and Durham (30 days faster), and Tucson (29 days faster). Lakeland, FL, Charlotte and Portland, OR were the only top iBuyer markets where iBuyers took longer to sell homes. iBuyers Offer Lower Commissions to Agents When They Sell Homes When iBuyers sold homes in the first quarter, they offered a 2.43% average commission to the real estate agents representing the buyers, down from 2.67% a year earlier. That compares with a 2.66% average commission in the market overall during the first quarter. iBuying companies have been experimenting with paying lower commissions to buyers' agents as a way to cut costs, which could allow them to make more competitive offers when purchasing homes themselves. This could put downward pressure on buyer's agent commissions across the industry, as data on these fees is becoming widely available to the public for the first time. To read the full report, including charts and methodology, please click here. About Redfin Redfin is a technology-powered real estate broker, instant home-buyer (iBuyer), lender, title insurer, and renovations company. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 95 markets across the U.S. and Canada and employ over 4,100 people.
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LeadingRE Adds Ribbon to Solutions Group Program of Preferred Providers
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TourZazz Leads the Interoperability Charge in Real Estate Technology
Based on Data Standards, Interoperability Benefits MLSs, Brokerages, Agents, Home Buyers and Sellers, Revolutionizing a Closed Marketplace into an Open Marketplace AUSTIN, Texas -- The recent market disruption of real estate showing services has injected fear in the hearts of agents, brokers, and MLS systems alike--all surrounding the ownership of data. Using data standards put forth by the Real Estate Standards Organization (RESO) and used by MLS systems all over the country, application developers like TourZazz are leveraging this disruption to turn the closed marketplace into an open one. TourZazz is leading the way in the interoperability of systems by using these data standards and committing their API to support other real estate technology providers that adopt interoperability standards. This democratization of data benefits both home buyers and sellers, giving them (and their agents) the ability to choose the best tools that work for them. In addition, it enhances and protects the privacy consumers are demanding today. "I am proud to be an active member of RESO, as they are the leader in creating open standards that drive innovation in real estate technology. I recognize how standards and interoperability allow for faster software development, tighter integrations, and scalable tools that cross marketplaces—all of which produce more accurate, robust, and informative data. This is all to improve efficiency in delivering an enhanced customer and agent experience," said David Gumpper, Business Intelligence and Technology Consultant for WAV Group, and former Board of Directors and Chairperson of Broker Advisory Workgroup for RESO. "TourZazz is the poster child for interoperability, confident that open marketplaces lead to improved efficiency, effectiveness and choice for the entire ecosystem surrounding home buying and selling. We fundamentally believe that holistic ecosystems built upon the same source of truth empowers choice and delivers the best products in the technology stack, lifting the industry like a rising tide," said Tom West, Lead Investor and Advisor to TourZazz. TourZazz is a modern showing solution that focuses on the home buyer and the buyer's agent, offering a modern showing experience for both. For agents, building tour itineraries, coordinating with listing agents and working with client constraints will now be a breeze. The TourZazz platform uses modern technology such as AI, geolocation and data standards which reduces manual processes that often took hours to mere minutes. For homebuyers, having a modern interface -- compared to printed MLS datasheets -- means that notes can be taken online, tours and property information can be shared with family and friends, and collaboration with their agent is efficient, clean, and effortless. What's more, TourZazz releases listing showing services' functionality, enabling both buyers' agents and listing agents to better serve clients with one tool for managing home tours and seller listings, providing exceptional, concierge-level services to both buyers and sellers. The TourZazz listing management service will now be free to MLSs, brokerages and agents. About TourZazz TourZazz, the patent-pending, artificial intelligence-powered software, modernizes the entire showing and tour management process for all by automating communications and appointment confirmations, and empowering agents to deliver concierge-level experiences to customers. With TourZazz, buyer agents schedule efficient tours in minutes without using call centers, and listing agents manage showing availability in an easy-to-use interface. Additionally, brokerages now have insights and analytics into buyer agency to better retain, recruit, and support their agents in their business. MLS and Brokerages are encouraged to request a demo. Learn more at tourzazz.ai. About WAV Group WAV Group is real estate's leading consulting and research firm, offering a depth of experience in technology, strategic planning, research, business development, Mergers and Acquisition and valuation advisory, content creation, public relations, sales, product development and marketing in the real estate industry. Clients include some of the largest MLSs in North America, international real estate franchise organizations, large independent brokerages, technology companies, and trade associations. WAV Group partners have been CEOs, executive team members, or founders of Fortune 100 and venture-funded corporations and approach each relationship with a clear understanding of the challenges that face each client's businesses today.
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NAR's Third Annual iOi Summit Pitch Battle Competition Slated for August
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ATTOM Unveils Innovative Cloud-Based Platform Offering Instant and Direct Access to Its Data
Simplify Data Management, Improve Data Quality and Drive Business Value with ATTOM Cloud; Start with a 30-day FREE Trial IRVINE, Calif. -- June 10, 2021 -- ATTOM, curator of the nation's premier property database, today announced the launch of ATTOM Cloud, a new cloud-based platform that provides immediate access to high-quality curated property data. ATTOM Cloud allows customers to focus more time on extracting value from property data and less on complex data management processes and infrastructure. Getting started with ATTOM Cloud takes just minutes. Once implemented, ATTOM Cloud takes care of all data updates, so customers can stay focused on their product or analytic projects. Built-in flexibility provides for quick iteration and customer feedback, helping customers to drive additional revenue and lower costs. "Unlocking the power of data requires accessing it quickly and managing it well, which is becoming increasingly difficult," said chief technology officer Todd Teta with ATTOM. "In our space, many competitors promise immediate and consistent access to property data, but we're doing more than that – we're actually delivering it. We developed ATTOM Cloud to give our customers immediate access to data, streamed directly from our data warehouse in a platform that can grow with their needs." ATTOM customers have the option of registering for a 30-day, limited trial of ATTOM Cloud, which includes five pre-selected geographies. The registration process takes less than five minutes to complete, compared to a process that can take weeks or days with competitors – an issue ATTOM recognized and quickly addressed with the development and release of ATTOM Cloud. Once connected, ATTOM continuously administers and updates the data for customers, eliminating any need for data loading, updating, or management on the customers' part. Click here to view ATTOM's Table of Data Elements ATTOM Cloud complements traditional delivery models, such as flat files and APIs that require data mapping or software integration in order to use. It supports standard interfaces for connecting to data, so existing tools and technologies can be used. ATTOM Cloud also includes robust data discovery features and a support ecosystem that helps customers find, evaluate and use the data. "ATTOM Cloud is the extensible platform of choice on which to base your new real estate data project as it can be tailored to meet your needs, whether your application is supporting a website or serving as the hub of a data science project," said chief data officer Richard Sawicky with ATTOM. "The fundamental principle of our design is to ensure that customers have access to the most current and accurate data available." Elevate and Evolve with ATTOM Cloud ATTOM Cloud delivers large volumes of property data, that is immediate, comprehensive, focused, simple and convenient. ATTOM Cloud provides complete transparency to property data and will shape the future of data consumption. Learn more about how ATTOM Cloud can benefit your business, register for the ATTOM Cloud Webinar About ATTOM ATTOM provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 20TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, and more. Also, introducing our latest solution, that offers immediate access and streamlines data management – ATTOM Cloud.
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Lone Wolf Assembles Dream Team of Real Estate Veterans, Leaders and Innovators
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BoomTown Chosen as a NextHome Approved Supplier
CHARLESTON, S.C., May 27, 2021 -- BoomTown, the leading cloud-based sales and marketing automation platform for real estate professionals, announced an official partnership with NextHome, an independently owned national franchisor with a focus on changing the way consumers work with local agents and shop for real estate online. "For decades, BoomTown has been an online lead provider in residential real estate. Their model makes their lead cost lower than many competitors, and their automated mid-funnel follow-up system is very strong," said NextHome's Chief Strategy Officer, Keith Robinson. "Given their high lead volume for the same spend and the ability to put all of your leads into their excellent follow-up methodology made this partnership an easy strategic decision." BoomTown offers NextHomies the industry's leading CRM solution that enables real estate professionals to drive website traffic, launch marketing campaigns, track leads' activities, build customer relationships, and streamline their days. In addition, expert teams are at the ready to handle everything from business strategies and goal-planning, to digital marketing and lead response and management. The BoomTown platform is the only system that generates and manages leads, with their Success Assurance program, responding to leads on behalf of agents 24/7, and nurturing for up to one year. As agents and brokers are busier than ever in today's real estate climate, tools like these offer time-savings, competitive edge, and proven results. "BoomTown has become a critical element of my NextHome offices, and every Broker should have it," said Thomas Shumpert, Broker/Owner with NextHome Specialists in Columbia, South Carolina . "Beyond the lead generation opportunities they offer, the platform provides us with a turn-key, beautifully interactive website, the most robust CRM on the market, and the ability to manage and coach agents in the company, and on my personal team, directly from the system dashboard." "NextHome empowers agents and brokers to provide excellent service without compromise, and we look forward to partnering with them to add more power to this mission, and drive their team's success," said Grier Allen, CEO & President of BoomTown. "They know their agents need to be the trusted source for guiding buyers and sellers, and we have the tools and technology to help them achieve this." About NextHome, Inc. NextHome, Inc. is an independently owned national franchisor with a focus on changing the way consumers work with local agents and shop for real estate online. The NextHome franchise has 480+ offices and 4,700+ members across 48 states. The company closes over 29,500 transactions annually worth over $8.3B in volume.
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Elm Street Technology Welcomes New Chairman of the Board and Expands Senior Leadership Team
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MooveGuru Network Now Includes Over 500,000 Home Pros
ROSWELL, Ga., May 20, 2021 -- MooveGuru, the real estate industry's largest moving concierge service, announced that they have eclipsed the 500,000 mark for local and national home professionals who are connected to the MooveGuru network, serving 7 million consumers through their agent or brokerage. "There are two connected problems that MooveGuru aims to solve," says Scott Oakley, CEO of MooveGuru. "The first is making it easy and affordable for an agent's customer to get from one house to the next without pulling their hair out. The second is keeping that agent connected to their customer between transactions by making it easy for homeowners to access a trusted network of local service providers." Since launching MooveGuru five years ago, the company has painstakingly developed their provider network. The network has most national companies that provide moving services and utility hookups, but the true value comes from agents who introduce their trusted providers to their customers. Our broker onboarding team collects the information from the brokerage and agents when we launch in a new market. Driven by agent recommendations, the home service provider network now covers 80 categories of trade professionals like roof repair, plumbers, landscapers, and the like. More importantly, this network now covers America from coast to coast thanks to partnerships like ERA, Better Homes and Gardens Realty, Keller Williams, RE/MAX, Exit Realty, Realty Executives, Berkshire Hathaway HomeServices, and more. "We believe that our network size is likely in third position behind Angi and Home Advisor today. But in many ways, we believe that it is better because it starts with the recommendation by the local Realtor® rather than accepting any random company who signs up on a website," says Rob Morelli, head of MooveGuru Home Pro Network. "What we are finding is that the customer of the agent is beginning to use MooveGuru more as the trusted source for finding home service professionals. The agent recommendation adds value to the relationship as a trusted source and extends money saving discounts." About MooveGuru In 2016, Roswell, GA based MooveGuru Inc. launched a free mover engagement program to real estate agents and brokers with the idea of connecting home buyers and sellers to convenience and savings on moving services. Using just-in-time delivery through artificial intelligence algorithms, MooveGuru Inc. ensures consumers receive agent-branded savings from over 500,000 national and local retailers, connects all utilities and makes the moving process more streamlined. Today, more than 1,200 brokerages with 300,000 agents serving 7 million clients are connected to the MooveGuru platform.
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Berkshire Hathaway HomeServices Launches New International Real Estate Website and Syndication Service Powered by Constellation1
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PropTech Startup zavvie Taps New $1.75M Inside Round
NAR's Second Century Ventures plus existing investors accelerate zavvie's growth BOULDER, Colo., May 20, 2021 -- PropTech startup zavvie, the first complete agent-centric brokerage selling solutions platform and marketplace, announced the completion of a $1.75 million inside round from existing investors, including Second Century Ventures, backed by the National Association of Realtors. The rapid market penetration of verified institutional buyers, including iBuyers and "buy before you sell" Bridge Buyers, has fueled zavvie's expansion. More than 60,000 real estate sales professionals from some of the nation's most successful and fastest-growing multi-state brokerages have access to zavvie-powered platforms, which typically present over 100 offers a day nationwide. "iBuyers and Bridge Buyers are buying more homes than ever in almost every major market," said Lane Hornung, zavvie co-founder and CEO. "The market opportunity for zavvie is massive as we are uniquely positioned at the center of this growth," Hornung added. "By keeping agents involved in all real estate selling options, zavvie facilitates the convergence between the traditional industry incumbents with the new disruptors and innovators. "Already zavvie has arguably achieved the fastest adoption by the largest residential brokerages of any software platform," he added. According to Hornung, the addition of broker partners, whose agents request purchase offers from verified buyer partners, has accelerated the growth of zavvie's marketplace. Hornung notes that PropTech currently is attracting more than $350 million a week in new capital, according to Weekly Proptech, published by the Center for Real Estate Technology & Innovation. Investors are attracted by the size and scale of the real estate industry, which is home to America's largest asset class and annual transactions exceeding $1.6 trillion in total value. Moreover, research shows the top 120,000 agents handle more than 50 percent of all deal flow and closed real estate transactions in the U.S. The top 100 brokerages handle 55 percent of all transactions. And currently, 30 percent of the top 100 brokerages already use a zavvie-powered platform. "Our platform aggregates homes for purchases from tens of thousands of agents who represent millions of homeowners and delivers deals to enterprise buyers with billions of capital to place," Hornung said. Mike DelPrete, a global real estate tech strategist, leading iBuyer expert and member of zavvie's Board of Directors, reports the market trend of more people selling their homes to a verified institutional buyer versus another individual buyer will continue to grow significantly over the next several years. "iBuyers survived COVID and are rebounding to their pre-pandemic levels," said DelPrete, "and we are seeing an even bigger growth surge among the buy-before-you-sell bridge providers." Hornung agrees, noting that the explosion in the popularity of bridge solutions is driving zavvie's most recent growth. zavvie has added several new verified Bridge Buyers, including EasyKnock, Knock, and Ribbon, as Verified Buyer Partners. zavvie's Verified Buyer Partners—including iBuyers, Bridge Buyers and Listing Concierges—collectively on track to purchase more than 85,000 homes in 2021. Listing Concierge partner Curbio, which provides a "repair and renovate pre-sale, pay when you close" service for sellers, is another recent addition to the zavvie marketplace. zavvie also recently announced a partnership with Leading Real Estate Companies of the World®, a global network of 550 top independent real estate firms. "Homeowners want two things when they are thinking about selling a home. First, they want to know about every option available to sell. Second, they want to work with a trusted real agent to walk them through all the choices. The zavvie platform is the only technology that does both at the same time," said Hornung. More information about zavvie and its brokerage-powering technology is available at zavvie.com. About zavvie zavvie brings together leading brokerages and innovative Verified Buyers in a marketplace that offers a modern, one-button digital experience for home sellers. Over 60,000 real estate agents in 47 states leverage zavvie's platform to serve their clients better. As the first end-to-end real estate brokerage platform offering a full spectrum of selling solutions, zavvie gives modern brokerages and agents all they need to thrive in today's evolving real estate landscape: easy-to-use tools, technology, training, marketing, and strategy. Discover more at zavvie.com.
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