Loft47 launches real estate's first AI-powered dashboard providing unprecedented access to brokerage back office data
A years-long project to bring clients their financial data on demand just got an intelligent boost. Vancouver, BC, February 28, 2023 -- Loft47, a leading provider of real estate brokerage back office solutions, has introduced the latest AI technology, GPT, into their Loft47 Pro product. The integration of GPT into their platform aims to provide a new level of automation and data-driven insights for their real estate Brokerage clients. The real estate industry has seen a significant increase in demand for data-driven insights in recent years, and with the integration of GPT, Loft47 is able to provide clients with a more advanced level of analysis than ever before. Clients can now use natural language to query and analyze large volumes of data from their accounting-first commission management platform, Loft47, and provide detailed insights into trends and Agent behaviour. GPT, or Generative Pre-trained Transformer, is a state-of-the-art AI language model developed by OpenAI. It uses deep learning algorithms to analyze large volumes of data and generate natural language responses that are indistinguishable from those written by humans. By integrating GPT into their dashboards, Loft47 is able to provide their clients with more accurate and detailed reports on their real estate transactions. "We are thrilled to introduce GPT into our Google Data Studio dashboards and offer our clients a new level of automation and data-driven insights. This integration will enable us to provide our clients with a more accurate and detailed analysis of their real estate transactions, ultimately empowering them to make more informed decisions in a highly competitive industry," said Sasha Hryciuk, Loft47 Founder. The integration of GPT into Loft47's Google Data Studio dashboards is a significant step forward in the real estate industry's use of AI technology. It is likely to have a major impact on the industry, as more and more brokerages are expected to follow suit and incorporate AI technology into their platforms in the years ahead. You can get AI-powered dashboards by signing up for Loft47. They scale to fit any team, from Brokerages just getting started to those that have grown to hundreds of Agents across multiple locations and offices. To get access to accounting and workflow automation in commission management visit here to sign up. About Loft47 Founded in 2015, Loft47 revolutionized commission management for Real Estate Brokerages and teams by introducing a lightweight, intuitive, and mobile commission accounting platform. Delivering the real alternative to outdated and inelegant real estate accounting platforms. Specialization in workflow automation allows clients to apply complex commission plans for Agents while Loft47 automatically completes sophisticated accounting entries behind the scenes. The core platform leverages integrations with best-in-class tools so any team can build a complete and connected back office system. As experts in Real Estate finance and accounting, the team at Loft47 strives to continually create elegant financial solutions to easily manage Real Estate accounting and commission flow. Now operating in more than 32 States and 7 Canadian Provinces and with over $120 Billion in Real Estate sold on the platform, they aren't slowing down.

Redfin Reports There Were Half as Many Affordable Homes for Sale in 2022 as There Were in 2021
White households had three times as many affordable housing options as Black households SEATTLE — Roughly one in five (21%) U.S. homes for sale in 2022 was affordable for the typical household, according to a new report from Redfin, the technology-powered real estate brokerage. That's down from two in five (40%) in 2021 and the lowest share on record. A listing is considered affordable if the estimated monthly mortgage payment is no more than 30% of the local county's median income. The number of affordable listings fell 53% from a year earlier in 2022—the largest annual drop in Redfin's records, which date back to 2013. While that's partly due to a decline in listings in general—new listings fell 10% year over year—it's mostly due to the fact that higher mortgage rates made the listings hitting the market less affordable. The housing affordability crisis has intensified for three primary reasons: Mortgage rates have more than doubled from the all-time low of 2.65% in 2021 as the Federal Reserve seeks to quell inflation. The average 30-year-fixed mortgage rate today is 6.65%, which has caused the monthly mortgage payment on the median-asking-price home to increase by over $500 from this time last year. The average rate in 2022 was 5.34%, up from 2.96% in 2021. The pandemic homebuying boom caused home prices to surge, and they increased faster than incomes. While prices have fallen 12% from their May peak, they remain about 32% higher than they were before the pandemic started roughly three years ago. There aren't enough homes for sale, which is keeping prices afloat. There were fewer new listings in January than any month on record aside from April 2020, when the onset of the pandemic brought the housing market to a halt. "Housing affordability is at the lowest level in history, which will widen the wealth gap—especially between millennials," said Redfin Deputy Chief Economist Taylor Marr. "Many millennials were able to buy their first home before or during the pandemic homebuying boom, but many others were priced out of homeownership and forced to keep renting. That means a lot of young adults missed out on a major wealth building opportunity: the value of homes owned by millennials has risen nearly 30% in the past year." Marr continued: "The good news is that housing affordability should improve. Mortgage rates will eventually come down as the Fed makes progress fighting inflation, and home prices have already begun falling. Incomes are also growing faster than the historical norm." The Biden Administration recently announced that it's cutting mortgage-insurance rates for homebuyers who take out loans backed by the Federal Housing Administration (FHA). The move is estimated to save roughly 850,000 homebuyers, many of whom are low-income and/or first-time buyers, an average of $800 per year. It goes into effect March 20. Some states, including California and Oregon, have also passed legislation that allows for the construction of more starter homes. Increased supply could help limit home-price growth over time. If executed well, these new laws could serve as a blueprint for other areas grappling with housing shortages. White Households Can Afford Three Times as Many Homes as Black Households Only 9% of homes for sale last year were affordable for the typical Black household, compared with 28% for the typical white household and the lowest share of any race in this analysis. The share was nearly as low for Hispanic/Latino households (14%) and was highest for Asian households (34%). Affordability has also fallen slightly faster for Black households than for white households. The share of listings affordable for the typical Black household was cut in half (9% in 2022 vs 18% in 2021), while the share affordable for the typical white household fell by less than half (28% vs 50%). The number of listings affordable for the typical Black household dropped a record 57% in 2022 from the year before—a larger decline than any other race in this analysis—while the number of listings affordable for the typical white household fell a record 49%. Hispanic/Latino and Asian households also experienced record declines in the number of listings affordable. "Housing has become incredibly unaffordable for a lot of Americans, but Black families have been hit especially hard because they're often less wealthy to begin with," said Redfin Chief Economist Daryl Fairweather. "On average, Black Americans earn less money, have less generational wealth, and have lower credit scores (and sometimes no credit scores at all) than white Americans. That makes it tougher to afford a down payment and qualify for a low mortgage rate. They also frequently face racial bias during the homebuying process." The racial housing affordability gap exists nationwide, from the least affordable to the most affordable. In Detroit, for example, 33% of listings were affordable for the typical Black household last year—the highest share in the country. But that's still less than half the share affordable for the typical white household (70%). In Los Angeles, one of the most expensive markets in the country, people across the board have a hard time finding affordable housing. Still, Black house hunters have fewer options. Close to zero (0.1%) listings were affordable for the typical Black household in 2022, compared with 2% for the typical white household. There are a few slivers of good news, Fairweather said. The Black unemployment rate has been falling on a seasonally-adjusted basis, helping to shrink the gap between the white and Black unemployment rates. Rent growth has also been slowing, which disproportionately affects Black Americans because they're more likely to be renters. Pandemic Boomtowns and Pricey Coastal Cities Saw Largest Declines in Number of Affordable Homes The 100 most populous U.S. metro areas all had fewer affordable homes for sale in 2022 than in 2021. In Boise, ID, the number of home listings affordable to the typical local household plunged 86% year over year. It was followed by San Diego (-85%), Salt Lake City (-84%), Oxnard, CA (-83%) and Austin, TX (-82%). Some of the metros above, including San Diego and Oxnard, have long been expensive. That means that many homes were verging on unaffordable before the pandemic, and have since been pushed over the threshold due to rising prices and mortgage rates. Other metros, including Boise, Salt Lake City and Austin, were relatively affordable before the pandemic, but the homebuying boom pushed prices out of reach for many house hunters. These areas surged in popularity as scores of remote workers moved in, searching for space and affordability. Relatively affordable places saw the smallest declines in the number of affordable homes. In Detroit, the number of affordable listings fell 16% year over year in 2022. Next came Akron, OH (-24%), Cleveland (-25%), Pittsburgh (-27%) and Philadelphia (-28%). View the full report, including charts, methodology, and a metro-level breakdown, here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, 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 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 5,000 people.

Redfin Reports U.S. Homeowners Have Lost $2.3 Trillion in Value Since June Peak
The Bay Area housing market has lost more value in percentage terms than anywhere else in the country amid sluggish demand. Florida continues to see large gains. SEATTLE — The total value of U.S. homes was $45.3 trillion at the end of 2022, down 4.9% ($2.3 trillion) from a record high of $47.7 trillion in June, according to a new report from Redfin, the technology-powered real estate brokerage. That's the largest June-to-December drop in percentage terms since 2008. While the total value of U.S. homes was up 6.5% from a year earlier in December, that's the smallest year-over-year increase during any month since August 2020. The housing market has been shedding value because homebuyer demand has waned, which has also caused home prices to fall from their peak. The median U.S. home sale price was $383,249 in January, down 11.5% from a peak of $433,133 in May, and up just 1.5% from January 2022. Homebuyer demand slowed in large part because rising mortgage rates—a consequence of the Federal Reserve's effort to curb inflation—made purchasing a home more expensive. The average 30-year fixed mortgage rate was 6.36% in December. While that's down from the 20-year high of 7.08% in November, it's roughly double the level from the start of 2022. Rates fell at the beginning of February, giving buyers some hope, but have since crept back up to December levels. "The housing market has shed some of its value, but most homeowners will still reap big rewards from the pandemic housing boom," said Redfin Economics Research Lead Chen Zhao. "The total value of U.S. homes remains roughly $13 trillion higher than it was in February 2020, the month before the coronavirus was declared a pandemic." Zhao continued: "Unfortunately, a lot of people were left behind. Many Americans couldn't afford to buy homes even when mortgage rates hit rock bottom in 2021, which means they missed out on a significant wealth building opportunity." The Bay Area's Housing Market Has Taken the Biggest Hit The total value of San Francisco homes fell 6.7% year over year to $517.5 billion in December (a $37.3 billion decline)—a larger drop in percentage terms than any other major U.S. metropolitan area. Next came two other Bay Area markets: Oakland (-4.5%) and San Jose (-3.2%). Only three other metros saw year-over-year declines: New York (-1%), Seattle (-0.4%) and Boise, ID (-0.3%). Redfin's analysis includes the 100 most populous metro areas, with the exception of Albuquerque, NM, which had insufficient data. The good news for Bay Area buyers is that home prices are down and competition remains far lower than it was during the pandemic homebuying boom. San Francisco's median home sale price dropped 9.4% year over year to $1.3 million in January—the second biggest decline in the country. The good news for sellers is that the steep decline in prices has lured some buyers back. "Three of my listings recently went under contract after sitting on the market for more than a month," said Ali Mafi, a Redfin real estate agent in San Francisco. "They all had a few showings here and there in the fall, but no buyer wanted to pull the trigger. And then suddenly in the new year, we had 10 or 15 people touring each property." Florida's Housing Market Is Holding Value Relatively Well The total value of homes in Miami rose 19.7% year over year ($77 billion) to $468.5 billion in December—the largest annual increase in percentage terms among the metros Redfin analyzed. Miami's housing market had roughly the same value in December as it did when it peaked in July at $472 billion. Next came North Port-Sarasota, FL (+17.8%), Knoxville, TN (+17.7%), Charleston, SC (+17.4%) and Lakeland, FL (+16.9%). Florida was home to six of the 10 metros with the largest annual home-value gains, in percentage terms—even after Hurricane Ian caused billions of dollars in damage and displaced thousands of Floridians in fall 2022. "Florida's housing market is being sustained by folks moving in from the North and as of recently, the West Coast," said Elena Fleck, a Redfin real estate agent in Palm Beach, FL. "People are pouring in from New Jersey and New York, in large part because Florida has relatively affordable homes and no income tax. They can get a lot more bang for their buck here." Suburbs Are Faring Better Than Cities The total value of homes in American suburbs rose 6.4% year over year to $25.4 trillion in December. By comparison, the value of urban homes climbed 2.5% to $10.8 trillion. Rural homes—which make up a relatively small portion of the housing market—also fared better than cities, with total home value increasing 8.5% to $6.2 trillion. The suburbs came back into vogue during the pandemic while cities fell out of favor—largely due to the shift to remote work and the housing affordability crisis. Millennials, in Prime Homebuying Age, Are Reaping Large Value Gains The total value of U.S. homes owned by millennials rose 26.7% year over year to $5.6 trillion in the third quarter of 2022—the most recent period for which data is available. Generation X saw the second largest increase (+18.4% to $13.9 trillion), followed by Baby Boomers (+12.9% to $18.1 trillion). The Silent Generation experienced a decrease (-6.7% to $4.4 trillion), as many of its members have passed away or moved into retirement homes. Millennials are gaining more value largely because they're in prime homebuying age, which means they're purchasing substantially more homes than they were in recent years. Homes Endangered by Climate Change Keep Gaining Value Despite Rise in Natural Disasters Home values in places that face high risk from climate change have performed roughly the same or better as home values in places that face low climate risk—an indication that climate risk isn't yet priced into the U.S. housing market. The total value of homes in areas with high flood risk rose 8.1% year over year in December, outpacing the 5.5% gain in low-risk areas. Similarly, the value of homes in areas with high heat risk was up 7.3%, compared with 1.9% growth in places with low heat risk. Areas with high risk from storms and/or fires saw values increase roughly the same amount, in percentage terms, as areas facing low risk. Drought was the only natural disaster for which home values climbed more in low-risk places (+6.6%) than in high-risk places (+3.7%). Asian Neighborhoods See Outsized Drop in Home Value The total value of homes in neighborhoods that are majority Asian fell 0.7% year over year to $1.2 trillion in December. By comparison, majority Black neighborhoods saw a 5.8% gain (to $1.2 trillion), majority white neighborhoods saw a 6.9% gain (to $37.4 trillion) and majority Hispanic/Latino neighborhoods saw a 7.9% gain (to $1.9 trillion). One reason Asian homeowners may be losing more value than other homeowners is that many of them live on the West Coast, which has seen a relatively large dropoff in home value, Zhao said. Almost half of Asian Americans live in the West, with nearly a third in California alone, according to a 2021 report from Pew Research Center. To view the full report, including charts and methodology, click here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, 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 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 5,000 people.

Revive acquires HomePrep and opens East Coast HQ
IRVINE, Calif., Feb. 15, 2023 -- Revive, the most complete presale home renovation solution for sellers, announced today the acquisition of DC-area based HomePrep, believed to be the first acquisition at this scale in the rapidly growing presale renovation space. Revive also announced HomePrep founder Josh Snyder as the Head of its new Mid-Atlantic Operations, as Revive also establishes a new East Coast headquarters. Revive, with products now available in all 50 states, offers presale renovation services for homeowners to help maximize their profits from their home sales. "The remarkable synergies between Revive and HomePrep make this merger seamless, allows us to bring on top talent with deep local knowledge and experience, gives us boots on the ground for our East Coast presence, and help us significantly expand our existing footprint in the DMV (DC, Maryland and Virginia) area," said Michael Alladawi, Revive Real Estate CEO and founder. Josh Snyder will oversee all production and sales for its new Mid-Atlantic Operations. He also owns a construction company that will expand local capacity for Revive. Snyder, a 14-year industry veteran and a Class A Contractor with hands-on experience, has strong local roots and a background flipping homes successfully. He founded HomePrep in 2020. "My mission in creating HomePrep was to scale," Snyder said. "By becoming part of Revive, we are able to immediately offer more services to more homeowners than ever before. Our business models are nearly identical and unlike most acquiring companies, Revive was immediately open to adopting new best practices that work better for markets in the DMV." Featuring no out-of-pocket funds from homeowners, Revive renovations start within seven days, with an average completion time of four to six weeks. As a result, when homeowners renovate their homes before selling, they significantly boost their return on their most significant asset — their home. Moreover, once the renovated home is listed, it sells faster. "While Revive operates nationwide, we are striving to really understand the local markets and the regional markets so that we are guiding people with the right local knowledge," said Dalip Jaggi, Revive Real Estate COO and co-founder. "One of the best ways we can do that is for Revive to have someone with local expertise and why, in addition to organic growth, when we find the right fit for an acquisition like HomePrep, it helps us to expand intelligently and profitably." Michael Alladawi points out that it takes years to build both the experience and relationships needed to create a highly streamlined and scalable presale renovation firm, a path he and Snyder share. "Without that background, creating a profitable business model," Alladawi says, "is unachievable." "You can't build an amazing relationship with a roofer, because you did one roof with them," he said. "We took what is easy for me after 15 years creating this model and establishing relationships and made it available to homeowners because it's impossible for them to do what we do without risk, stress, time and money," he added. By providing a team of in-house designers, a team of planners, and a construction production team, Revive makes sure that whatever contractor is hired is doing so on time and to the quality that homeowners are expecting. "That's what makes Revive so valuable to homeowners today," Alladawi said. About Revive Revive Real Estate's mission is to guide home sellers through presale renovations without upfront costs. By providing access to Revive's network of top contractors, home sellers gain an average of $186,000 in additional profit when selling their homes. Revive homes sell for more and help sellers move ahead by maximizing their sales value. Revive is the 2022 iOi Summit Pitch Battle winner. Learn more at www.revive.realestate.

Revaluate Data Repair Solves Costly Problem of Bad and Incomplete Customer Data
New service offering directly addresses the industry's most misunderstood marketing challenge. GOLDEN, CO., Jan., 23, 2023 – Revaluate, a data company that reveals likely movers using third-party validated artificial intelligence (AI), is proud to announce Revaluate Data Repair, a new service to detox, repair, and append datasets creating clean, useful accurate databases to enable efficient and cost effective sales and marketing efforts for individuals, teams and corporations in mortgage and real estate. For optimum marketing performance, a complete contact record includes four fields: Name, Phone, Email and Physical Address. Today's leads are generated by various methods that don't require these fields. Leads frequently lack complete contact records, are inaccurate or false, and over time become outdated, making marketing and sales efforts inefficient and costly. Existing methods for cleaning and completing data sets are costly, time consuming and rarely available. "We discovered our customers were losing money in two primary ways," said Chris Drayer, chief executive officer of Revaluate. "First they were spending money on mailers and marketing services and getting returns, bounces, and send backs due to inaccurate client details. Then, the lesser known issue we discovered was that they were missing opportunities in their database that listed with another agent because they weren't able to prioritize their marketing effort. Our new one-to-one service, Revaluate Data Repair, when combined with Revaluate's award winning Reveal product, addresses both issues." Revaluate Data Repair is an affordable service, performed 1:1 with a human, that repairs and rejuvenates databases of contacts for those in the real estate and mortgage industry with low cost and high accuracy and an average twenty-four hour turn time. The new service detoxes, repairs and appends datasets creating clean, useful accurate databases to enable efficient and cost effective sales and marketing efforts for individuals, teams and corporations in the mortgage and real estate industries. Revaluate is a data company that utilizes artificial intelligence to provide actionable insight for marketers, scoring and segmenting lists and databases by propensity to move. The award-winning, third party validated accuracy is the best in the industry at identifying people who are likely to move in the next six months. Marketers use this refined and targeted data to greatly increase the efficiency of their campaigns. For more information, visit Revaluate.com/talk or email [email protected]

The Housing Market Has Started to Recover
While the housing market has begun to recover from its November trough, Redfin economists say we're not out of the woods yet. Homebuyers are coming back, but sellers have been slower to return. SEATTLE — The housing market has begun to recover after hitting a low point in the second week of November, according to a new report from Redfin, the technology-powered real estate brokerage. The number of Redfin customers requesting first tours has improved 17 percentage points from the November trough, and the number of people contacting Redfin agents to start the homebuying process has improved 13 points. Compared with a year ago, home tours and requests for service are down 23% and 27% respectively, but that's an improvement from the November trough, when both were down 40%. This is already translating into more home sales. Redfin agents report that bidding wars are back in some markets, including Seattle, central Florida and Richmond, VA. Homebuyer demand remains down from its early 2022 highs, but the market has shifted into a new phase and well-priced listings are selling quickly. Homebuyers Return as Power Dynamics Shift Toward Their Favor Buyers have acclimated to the 6% mortgage rate, which feels like a relief after watching affordability erode as rates surpassed 7% in the fall. Some buyers are even scoring a rate that starts with a five, an important psychological threshold, while others are opting for an adjustable-rate mortgage or getting a rate buydown as a seller concession. "I've seen more homes go under contract this month than in the entire fourth quarter. Listings that were stagnant in November and December are suddenly getting one to two offers," said San Jose, CA Redfin agent Angela Langone. "I'm getting texts and emails from prospective buyers now that the new year is in full swing and the holidays are behind us. Mortgage rates aren't stopping people as much as they were at the end of 2022 now that they're down from their peak and sellers are more willing to negotiate. Some buyers are having luck winning a home for under asking price, especially if it has been on the market for several weeks, but those days may be numbered." Mortgage applications are up 28% from early November as the average 30-year-fixed mortgage rate has declined to 6.15% from its November peak of 7.08%—the largest 10-week decline since 2009. That has sent the typical homebuyer's mortgage payment down 10% (about $180) since fall. Pending home sales rose 3% in December from November on a seasonally-adjusted basis—the first month-over-month increase in 14 months. Bidding Wars Are Back in Some Markets While demand is coming back in some pockets of the country, it's selective: homes that are eliciting bidding wars tend to be affordable, suburban, single-family, move-in ready and most importantly, priced competitively. Most everything else is sitting. Preliminary data on the share of Redfin agents' offers facing bidding wars points to small upticks in the Seattle and Tampa markets this month. As this is an uneven trend, Redfin expects it to take some time before bidding wars nationally show an upward trend. "Bidding wars are back in Seattle," said local Redfin real estate agent Shoshana Godwin. "One of our Issaquah listings got 12 offers and is under contract for $155,000 over the $1.4 million list price. The buyer waived every contingency, handed over $300,000 of earnest money and is letting the seller stay for free for two months after closing. Another home in Seattle's popular Ballard neighborhood was recently delisted after sitting on the market for over three months. The seller relisted it last week and it went pending in under a day." Eric Auciello, Redfin's team manager in Tampa, has seen three modest single-family homes priced around $300,000 wind up in bidding wars in central Florida this month, with 16, 17 and 23 competing offers, respectively. Further south, in Palm Beach, most well-priced homes are getting multiple offers, but competition is nowhere near 2021 levels, according to local Redfin agent Elena Fleck: "Homes in coveted locations with recent upgrades or renovations–those are the homes getting multiple offers." "Homes that are in desirable school districts, priced well and in good condition are going off the market within days or even hours," said Richmond Redfin agent Blake Edwards. "Anything under $400,000 will sell within the weekend. Even the $1 million houses that are in great condition are selling within days. It really is property specific right now." But in Boise, ID bidding wars are still almost non-existent—despite the fact that prices have been falling year over year since November, according to local Redfin agent Shauna Pendleton. It's taking between one and two weeks to get an offer after a showing, she said. The Market for Condos and Expensive Homes Lags Behind Condos and higher-priced homes are still a struggle to sell. Redfin agents report that sellers of expensive homes and condos are offering buyers incentives to close deals. "The condo market in Washington, D.C. has been hit hard," said local Redfin agent Marshall Carey. "Condo sellers are searching for ways to incentivize buyers. One of my buyers recently purchased a condo, and we got the seller to give them 3% of the list price back in cash. My buyer used 2% of that to buy down their mortgage rate." "There's a ton of demand for affordable suburban homes, but the super high end isn't in demand," said Chicago Redfin agent Dan Close. "Property taxes are very expensive here, so buying a $2 million home isn't practical for most people." Sellers Have Been Slower to Return Than Buyers Even though homebuyer demand is improving, the main factor driving bidding wars is low inventory. It's not surprising that sellers are slower to embrace the shifting market, as buyers tend to react first to falling mortgage rates, with sellers following suit months later. This effect is likely to be pronounced in 2023: Would-be sellers are more sensitive to elevated rates because 85% of mortgage holders have a rate far below today's level of roughly 6%. That being said, Redfin's measure of people contacting Redfin agents to sell their home has improved slightly; it's up 10 percentage points from the November trough. But there hasn't yet been a significant boost in listings nationwide. New listings fell 18% year over year during the four weeks ending Jan. 22. That's the smallest decrease in almost three months, but much steeper than the 8% decline a year earlier. Redfin agents have observed in their conversations with homeowners that there's fear around listing at a time when home-price growth has been shrinking and buyers are regaining power. "Homeowners are scared to list because they previously heard that there's no demand from buyers," said Godwin in Seattle. "That's making the market competitive again because there's just no inventory." Redfin economists expect that more sellers will likely return to the market as homebuyer demand increases and price growth stabilizes—especially given that there's pent-up supply from sellers who delisted their homes in the fall when the market was slowing. The Recovery Will Be Touch and Go and Vary From Block to Block The housing market will likely continue to thaw in the coming weeks and months, especially if inflation and mortgage rates ebb further, but there's still a long way to go. Some neighborhoods will see fierce bidding wars while others hear crickets. The market is warming up, but is still cold compared to the pandemic homebuying frenzy and even pre-pandemic times. It may never again hit the scalding-hot temperatures of 2021. The housing market rebound could stall or slip if the progress the Fed has made toward cooling inflation slows or reverses course. The labor market is likely to weaken this year, perhaps to the point where the country is in a recession. Higher unemployment will hurt the housing market recovery, but that damage may be offset by any rate cuts from the Fed. The factor most likely to slow or reverse the housing market recovery is that there are too few homes for sale, which could hold back total sales volumes and price people out of homebuying. Even though housing costs are declining, they remain significantly higher than they were two years ago. Home prices will likely be sticky this year in many places where there are still plenty of stale listings; once they finally sell they will hold back price growth while overall low inventory keeps prices from going down much. 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, 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 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 5,000 people.

Redfin Reports Pending Sales Drop to Lowest Level Since at Least 2015
The homes that are selling are going for about the same price as a year earlier, with nationwide prices up just 0.5% year over year--smaller than the 0.7% increase at the onset of the pandemic when the market reached a near standstill. Measures of early-stage homebuyer activity are mixed, with requests for tours and agent services on the rise, but few people applying for mortgages. SEATTLE — Pending U.S. home sales dropped 32% year over year to their lowest level since at least 2015 during the four weeks ending January 1, according to a new report from Redfin, the technology-powered real estate brokerage. The biggest declines were in pandemic homebuying hotspots Las Vegas, Phoenix and Austin, which each saw pending sales plummet more than 50%. The housing market fizzled out at the end of 2022 due to 6%-plus mortgage rates, a looming recession, record-low new listings, extreme winter weather and the typical holiday slowdown. Signals of early-stage demand are mixed. Redfin's seasonally adjusted Homebuyer Demand Index–a measure of tour requests and other buying services from Redfin agents–was up 8% from two weeks earlier. Mortgage-purchase applications fell about 12%, though the double-digit drop was partly due to severe late-December storms hitting nearly every part of the U.S. "Two categories of buyers are starting their search right now: First-timers hoping prices and competition are more manageable than they have been over the last few years, and returning buyers who took a break after losing out on multiple homes during the pandemic bidding-war frenzy," said Seattle Redfin agent Shoshana Godwin. "They should be able to take their time and find a home for a slightly lower price than last year, but the market will likely become more competitive over the next few months. I expect new listings to remain scarce as homeowners hold onto low interest rates while the pool of determined buyers circle the few homes that are available." Home prices fell from a year earlier in 19 of the 50 most populous U.S. metros The typical U.S. home sold for $350,000 during the four weeks ending January 1. That's up just 0.5% from a year earlier, slightly slower than the 0.7% growth we saw at the beginning of the pandemic, when the market nearly ground to a halt. Prices were down 10% from the June peak. On a metro level, home-sale prices fell year over year in 19 of the 50 most populous U.S. metros during the four weeks ending January 1. By comparison, just 10 metros saw price declines a month earlier. Prices fell 10.4% year over year in San Francisco, 6% in Sacramento, 5.6% in San Jose, CA, 5.4% in Los Angeles, 4.6% in Detroit, 4.4% in Oakland, CA, 4.2% in Seattle, 3.9% in Pittsburgh, 2.9% in Austin, 2.8% in New York, 2.4% in Phoenix and 2.2% in Boston. They fell 2% or less in Anaheim, CA, Chicago, Riverside, CA, Washington, D.C., San Diego, Portland, OR and Newark, NJ. This marks the biggest year-over-year drop for San Francisco prices since at least 2015. Leading indicators of homebuying activity: For the week ending January 5, 30-year mortgage rates ticked up to 6.48%. The daily average was 6.41% on January 5. Mortgage purchase applications during the week ending December 30 were down roughly 12% from two weeks earlier, seasonally adjusted. Purchase applications were down 42% from a year earlier. The seasonally adjusted Redfin Homebuyer Demand Index was up 6% from a week earlier and up 10% from a month earlier during the four weeks ending January 1. It was down 20% from a year earlier. Google searches for "homes for sale" started to rise from the low reached in November during the week ending December 31, but they were down about 33% from a year earlier. Touring activity as of December 29 was down 63% from the start of the year, compared to a 54% decrease at the same time last year, according to home tour technology company ShowingTime. The significant declines are likely due to the holidays. Key housing market takeaways for 400+ U.S. metro areas: Unless otherwise noted, this data covers the four-week period ending January 1. Redfin's weekly housing market data goes back through 2015. The median home sale price was $350,000, up just 0.5% year over year, the slowest price growth on record and the third consecutive four-week period of price growth under 1%. The median asking price of newly listed homes was $346,535, up 3.1% year over year. The monthly mortgage payment on the median-asking-price home was $2,254 at the current 6.48% mortgage rate. That's down slightly from a week earlier and down $253 from the October peak. Monthly mortgage payments are up 36.2% from a year ago. Pending home sales were down 31.7% year over year, the 11th straight four-week period of pending sales declining more than 30%. Among the 50 most populous U.S. metros, pending sales fell the most from a year earlier in Las Vegas (-61.9%), Phoenix (-56.7%), Austin (-54%), Jacksonville, FL (-53.8%) and Nashville, TN (-51.5%). New listings of homes for sale were down 22.4% from a year earlier, dropping to their lowest level on record. Active listings (the number of homes listed for sale at any point during the period) were up 18.6% from a year earlier, the biggest annual increase since at least 2015. Months of supply—a measure of the balance between supply and demand, calculated by dividing the number of active listings by closed sales—was 3.4 months, up slightly from a week earlier and up from 1.8 months a year earlier. 28% of homes that went under contract had an accepted offer within the first two weeks on the market, down from 35% a year earlier and the lowest share since January 2020. Homes that sold were on the market for a median of 42 days, up nearly two weeks from 30 days a year earlier and up from the record low of 18 days set in May. 22% of homes sold above their final list price, down from 40% a year earlier and the lowest level since March 2020. On average, 3.8% of homes for sale each week had a price drop, down sharply from 4.7% a week earlier and 5.7% a month earlier. The average sale-to-list price ratio, which measures how close homes are selling to their final asking prices, fell to 98% from 100.1% a year earlier. That's the lowest level since March 2020. View the full report, including charts, here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, 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 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 5,000 people.

Annual Home Price Growth Slows to Two-Year Low in November, CoreLogic Reports
Year-over-year home price appreciation was up for the 130th consecutive month in November, but growth fell to single digits at 8.6% IRVINE, Calif., January 3, 2023—CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for November 2022. Year-over-year home price growth ended its 21-month streak of double-digit momentum in November, posting an 8.6% gain, the lowest rate of appreciation in exactly two years. Although 16 states bucked the national trend and saw annual double-digit increases, appreciation is decelerating in many popular housing markets across the country. Southeastern states still led the country for price growth in November but also saw some of the most pronounced cooling. Similarly, relatively more expensive Western areas also posted substantial combined declines in recent months since spring's peak. Nationwide, the recent price deceleration pushed November home values 2.5% below the spring 2022 peak. In 2023, home values will likely move even further from that high point, as CoreLogic expects price growth to begin recording negative year-over-year readings in the second quarter. "Although home price growth has been slowing rapidly and will continue to do so in 2023, strong gains in the first half of last year suggest that total 2022 appreciation was only slightly lower than that recorded in 2021," said Selma Hepp, executive, deputy chief economist at CoreLogic. "However, 2023 will present its own challenges, as consumers remain wary of both the housing market and the overall economic outlook." "And while the recent decline in mortgage rates may bode well for the housing market," Hepp continued, "potential homebuyers are grappling with the idea of buying amid possible further price declines and a continued inventory shortage. Nevertheless, with slowly improving affordability and a more optimistic economic outlook than previously believed, the housing market could show resilience in 2023." Top Takeaways: U.S. home prices (including distressed sales) increased 8.6% year over year in November 2022 compared to November 2021. On a month-over-month basis, home prices declined by 0.2% compared to October 2022. In November, annual appreciation of attached properties (8.8%) was 0.3 percentage points higher than that of detached properties (8.5%). Annual U.S. home price gains are forecast to slow to 2.8% by November 2023. Miami posted the highest year-over-year home price increase of the country's 20 largest metro areas in November, at 21.3%, while Tampa, Florida retained the No. 2 spot at 17.3%. Florida and South Carolina recorded the highest annual home price gains, 18% and 13.9%, respectively. Georgia posted the third-highest growth, with a 13.6% year-over-year increase. Washington, D.C. ranked last for appreciation at 1.2%. Methodology The CoreLogic HPI™ is built on industry-leading public record, servicing and securities real-estate databases and incorporates more than 45 years of repeat-sales transactions for analyzing home price trends. Generally released on the first Tuesday of each month with an average five-week lag, the CoreLogic HPI is designed to provide an early indication of home price trends by market segment and for the "Single-Family Combined" tier, representing the most comprehensive set of properties, including all sales for single-family attached and single-family detached properties. The indices are fully revised with each release and employ techniques to signal turning points sooner. The CoreLogic HPI provides measures for multiple market segments, referred to as tiers, based on property type, price, time between sales, loan type (conforming vs. non-conforming) and distressed sales. Broad national coverage is available from the national level down to ZIP Code, including non-disclosure states. CoreLogic HPI Forecasts™ are based on a two-stage, error-correction econometric model that combines the equilibrium home price—as a function of real disposable income per capita—with short-run fluctuations caused by market momentum, mean-reversion, and exogenous economic shocks like changes in the unemployment rate. With a 30-year forecast horizon, CoreLogic HPI Forecasts project CoreLogic HPI levels for two tiers — "Single-Family Combined" (both attached and detached) and "Single-Family Combined Excluding Distressed Sales." As a companion to the CoreLogic HPI Forecasts, Stress-Testing Scenarios align with Comprehensive Capital Analysis and Review (CCAR) national scenarios to project five years of home prices under baseline, adverse and severely adverse scenarios at state, metropolitan areas and ZIP Code levels. The forecast accuracy represents a 95% statistical confidence interval with a +/- 2% margin of error for the index. 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.

2023 Housing Outlook: A Post-Pandemic Sales Slump Will Push Home Prices Down for the First Time in a Decade
While Redfin expects high mortgage rates to keep housing costs up and prevent people from moving, high homeowner equity and a resilient job market will stave off a wave of foreclosures SEATTLE — Mortgage rates will take center stage in 2023, with high rates likely to make it the slowest housing-market year since 2011, according to annual end-of-year predictions from Redfin, the technology-powered real estate brokerage. Redfin’s forecasts for mortgage rates, home sales and home-sale prices account for a range of outcomes for inflation, employment and other macroeconomic factors. As such, predictions for those key housing metrics lead with the most likely scenario, followed by other possible outcomes highlighted in the full report that could happen if, for instance, a better-than-expected inflation report results in an earlier or bigger-than-expected mortgage-rate drop. Prediction #1: Home sales will fall to their lowest level since 2011, with a slow recovery in the second half of the year Redfin expects about 16% fewer existing home sales in 2023 than 2022, landing at 4.3 million, with would-be buyers pressing pause due mostly to affordability challenges including high mortgage rates, still-high home prices, persistent inflation and a potential recession. People will only move if they need to. Prediction #2: Mortgage rates will decline, ending the year below 6% Redfin expects 30-year fixed mortgage rates to gradually decline to around 5.8% by the end of the year, with the average 2023 homebuyer’s rate sitting at about 6.1%. Mortgage rates dipping from around 6.5% to 5.8% would save a homebuyer purchasing a $400,000 home about $150 on their monthly mortgage payment. To look at it another way, a homebuyer on a $2,500 monthly budget can afford a $383,750 home with a 6.5% rate; that same buyer could afford a $406,250 home with a 5.8% rate. Still, that’s much less affordable than a few years earlier. With a 3% rate, which was common in 2020 and 2021, that same buyer could afford a $517,000 home. Prediction #3: Home prices will post their first year-over-year decline in a decade, but the U.S. will avoid a wave of foreclosures Redfin predicts the median U.S. home-sale price to drop by roughly 4%—the first annual drop since 2012—to $368,000 in 2023. That’s due to elevated rates and final sale prices starting to reflect homes that went under contract in late 2022. Prices would fall more if not for a lack of homes for sale: Redfin expects new listings to continue declining through most of next year, keeping total inventory near historic lows and preventing prices from plummeting. Very few homeowners are likely to see their mortgages fall underwater even with next year’s anticipated price declines. That’s because the homeowners who’ve had their home for at least a few years have fixed low mortgage payments and plentiful home equity after values skyrocketed during the pandemic. Prediction #4: Midwest, Northeast will hold up best as overall market cools Housing markets in relatively affordable Midwest and East Coast metros, especially in the Chicago area and parts of Connecticut and upstate New York, will hold up relatively well, even as the U.S. market cools. Those areas tend to be more stable than expensive coastal areas, and they didn’t heat up as much during the pandemic homebuying frenzy. Prediction #5: Rents will fall, and many Gen Zers and young millennials will continue renting indefinitely Redfin expects U.S. asking rents to post a small year-over-year decline by mid-2023, with drops coming much sooner in some metros. Some large landlords are likely to offer concessions, such as a free month’s rent or free parking, before dropping asking rents. The rental price declines will be partly due to increasing supply, which has already led to an uptick in vacant units in apartment buildings. Increasing rental supply and declining prices—along with high mortgage rates, limited inventory and other affordability barriers—mean few renters will become buyers next year. Many prospective first-time homebuyers may instead become move-up renters, upgrading from a small urban apartment to a larger apartment or a single-family rental to fit their growing families. Prediction #6: Builders will focus on multifamily rentals Builders will continue to pull back on constructing new homes next year, with year-over-year declines of roughly 25% in building permits and housing starts continuing into 2023. Builders will back off most from building new single-family homes. Construction of single-family homes surged during the pandemic, which means builders need to offload the homes they have on hand without adding more supply to limit their financial losses. They’ll pull back dramatically in some markets like Phoenix and Dallas, where they built too many homes in anticipation of demand that’s failing to materialize. Constructing rental units, including apartment buildings and multifamily houses, will make more financial sense for builders next year, as rental demand won’t fall off as much. Prediction #7: Investor activity will bottom out in the spring, then rebound Real estate investors will purchase about 25% fewer homes than a year earlier, with purchases likely to bottom out in the spring. Investors’ business model is to buy low and sell–or rent–high, and the cash they borrow to buy homes outright is no longer cheap. Fewer iBuyers in the market is also a factor in slowing activity. Some investors, especially newer and smaller ones, will bow out of the housing market entirely and others will slow their activity. But if inflation slows and the Fed eases up on rate hikes as expected, investors will likely start buying more homes in the second half of the year, taking advantage of slightly lower home prices. Prediction #8: Gen Zers will seek jobs and apartments in relatively affordable mid-tier cities Gen Zers are entering into a workforce with more remote-work opportunities than ever before, which means they’ll have more flexibility in where they’ll choose to start their careers than older generations. They can prioritize things like affordability, lifestyle, weather and proximity to family. Prediction #9: Migration from one part of the country to another will ease from the pandemic boom Redfin expects the share of Americans relocating from one metro to another will slow to about 20% in 2023, down from 24% this year. That’s still above pre-pandemic levels of around 18%. In 2023’s slow market, there won’t be a next Austin. Even Austin isn’t Austin anymore: The wave of homebuyers moving into Austin has slowed to a trickle, as many people are now priced out and many remote workers who wanted to relocate have already done so. Prediction #10: Rising disaster-insurance costs will make extremely climate-risky homes even more expensive Some Americans will be priced out of climate-risky areas like beachfront Florida and the hills of California because of ballooning insurance costs. Redfin expects disaster-insurance rates to continue rising next year (and beyond), rendering housing in some areas more expensive. Prediction #11: More cities will follow Minneapolis’ YIMBY example to curb housing expenses More U.S. cities will look to Minneapolis, which in 2019 became the first major city to eliminate single-family-only zoning, for inspiration in keeping rental and home prices under control. Earlier this year, Minneapolis became the first metro area to see rents decline. Prediction #12: Buyers’ agent commissions will rise slightly as fewer agents broker fewer deals at lower prices Next year’s slow housing market is likely to reverse or at least halt the downward trend in buyers’ agent commissions. The hot pandemic-era housing market pushed the typical U.S. buyers’ agent commission down to 2.63% of the home’s sale price in 2022, its lowest level since at least 2012. But declines in home prices and sales will prop up buyers’ agent commissions next year. Sellers will also play a part, with some offering to pay higher commission for buyers’ agents to attract bidders. View the full report, including charts and more detail on predictions, here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, 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 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 5,000 people.

Zillow Group acquires VRX Media to create national photographer network, elevate listing media through ShowingTime+ brand
VRX's real estate media services provide convenient, fast delivery to customers SEATTLE, Dec. 8, 2022 -- Zillow Group today announced it has closed on the acquisition of VRX Media. This real estate media marketing and services leader is known for its aerial drone photography, virtual staging, 3D tours, high-definition photography and fast-media delivery to clients, which is made possible through the company's national professional photographer network. Zillow Group will continue to offer VRX Media's services through the ShowingTime+ software suite. This acquisition will help fulfill ShowingTime+'s vision of offering elevated listing products and experiences to help agents differentiate their listings and provide better shopping and selling experiences to their clients. Through ShowingTime+ products, Zillow's aim is to set a higher standard in the industry by bringing new kinds of rich interactive media to more listings. "Listing media is a crucial part of selling a home, and we are focused on creating an immersive customer experience that makes listings stand out," said Jun Choo, senior vice president of ShowingTime+. "With VRX Media, ShowingTime+ will give agents elevated listing products unlike anything available today and will transform the way they prepare and market their for-sale listings." Seventy percent of sellers say they are more likely to hire an agent who includes virtual tours and/or interactive floor plans in their services, and 70% of sellers who included a virtual tour were more likely to receive an all-cash offer1. VRX's media services and capabilities will enable ShowingTime+ to provide two new products, Listing Media Services and Listing Showcase, which will be released in 2023. Listing Media Services and Listing Showcase are premium marketing products for listing agents that bring together photography services with high-quality listing media to create beautiful, interactive listings. About Zillow Group Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life's next chapter. As the most visited real estate website in the United States, Zillow® and its affiliates offer customers an on-demand experience for selling, buying, renting, or financing with transparency and ease. Zillow Group's affiliates and subsidiaries include Zillow®; Zillow Premier Agent®; Zillow Home Loans™; Zillow Closing Services™; Trulia®; Out East®; StreetEasy®; HotPads®; and ShowingTime+™, which houses ShowingTime®, Bridge Interactive®, and dotloop® and interactive floor plans. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). About ShowingTime+ ShowingTime+™ is modernizing real estate for the benefit of all agents, brokers and multiple listing services (MLSs). A brand of Zillow Group, Inc., ShowingTime+ provides products and services to help real estate professionals streamline their businesses and deliver elevated experiences to their customers. The ShowingTime+ technology suite includes ShowingTime®, dotloop®, Bridge Interactive®, and 3D Home tours and interactive floor plans. ShowingTime+ products are used by hundreds of MLSs representing more than 1 million real estate professionals across the U.S. and Canada. For more information about ShowingTime+, visit https://showingtimeplus.com. About VRX Media VRX Media is a real estate marketing company and media services provider offering aerial drone photography, high-definition photography, virtual staging and 3D tours nationwide. Founded in 2015 by three real estate professionals with more than 30 years of combined industry experience, VRX Media provides media materials that help sell homes. In 2020, VRX Media was named one of America's Fastest Growing Companies by Inc.

Second Century Ventures Opens Applications for 2023 REACH U.S. Programs, Appoints New Executive Director
CHICAGO (December 6, 2022) – Second Century Ventures, the strategic investment arm of the National Association of Realtors®, opened applications today for the 2023 U.S. REACH and REACH Commercial technology growth programs. SCV, the most active global venture fund in real estate technology, operates the award-winning REACH program across North and South America, Europe, Australia and Asia-Pacific. "Real estate technology continues to undergo a significant transformation, and the startups selected for the REACH program will play a critical role in helping to drive that change," said NAR CEO and SCV President Bob Goldberg. "REACH companies get access to resources and expertise to help expand their network and accelerate their growth. Their ideas and ingenuity will help ensure that Realtors® continue to have access to the latest technology and remain in the best possible position to serve consumers here in the U.S. and across the world." NAR's REACH program aims to select and help scale the most promising new technology companies in real estate and adjacent industries, including banking, insurance and home services. Participants in the program receive premier access to the following: Mentorship from real estate, venture capital and technology sector leaders; Education on how to navigate the trillion-dollar global property industry from top experts; Exclusive opportunities at the most impactful conferences, trade shows and networking events; Unique access to top media and academic organizations; and A global network of highly talented, like-minded entrepreneurs from more than 200 REACH portfolio companies and curated program sponsors. REACH recently expanded its operations to Latin America, and this week appointed a new executive director to the helm of the U.S. NAR REACH program. Ashley Stinton, who previously served as SCV and REACH's head of marketing and communications, will lead the organization's U.S.-based team focused on technology that serves residential and consumer markets. Stinton brings more than a decade of sales, marketing and business development expertise from some of the world's most influential real estate and consumer goods organizations. "Ashley has been instrumental to the growth of the REACH brand and in the expansion of our flagship program across geographies and verticals," said Dave Garland, managing partner, Second Century Ventures. "She has worked closely with our global team and portfolio, helping accelerate more than 100 companies during her tenure and time spent previously as a REACH mentor. We have immense confidence in Ashley's ability to lead the NAR REACH program through the next decade of innovation and to further amplify the depth of transformative technology REACH helps cultivate." "REACH offers an unmatched level of support and growth to the proptech community," said Ashley Stinton, executive director, REACH. "I am honored and excited to lead the NAR REACH team as we continue to elevate the role of technology in and beyond real estate. As we look to the year ahead, we will embrace the market's most pressing challenges as an opportunity to source new ideas and evolve existing solutions to benefit consumers, real estate professionals and the economy as a whole." The REACH Commercial program, led by executive director Bob Gillespie, is now in its fifth year of operation and will run a congruent curriculum, supporting entrepreneurs developing innovation across all asset classes of the commercial sector. Applications for the 2023 U.S. REACH and REACH Commercial programs will be accepted through January 31, 2023. For more information about REACH, or to apply, visit https://www.nar-reach.com. About NAR The National Association of Realtors® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. About REACH REACH is a unique technology scale-up program created by Second Century Ventures, the most active global fund in real estate technology. Backed by the National Association of Realtors®, Second Century Ventures leverages the association's more than 1.5 million members and an unparalleled network of executives within real estate and adjacent industries. The REACH program helps technology companies scale across the real estate vertical and its adjacent markets through education, mentorship and market exposure. For more on REACH, visit www.nar-reach.com.

RESAAS Expands Relationship with RE/MAX Across United States
VANCOUVER, BC, Nov. 30, 2022 - RESAAS Services Inc. is pleased to announce that it has expanded its existing relationship with RE/MAX, LLC to officially include all RE/MAX agents based in the United States. The agreement further connects the RE/MAX network, tapping into its deep international referral system. As a RE/MAX Approved Supplier, RESAAS brings new insights to the global real estate franchisor about how real estate agents interact with each other, and help each other grow. "RESAAS has delivered incredible value to the RE/MAX Global team and we are excited to expand access to RE/MAX agents based in the United States so they have the opportunity to benefit from the power and reach of the RESAAS Platform. Now all RE/MAX Affiliates can send, receive and manage their referral business in real-time more easily," said Madeline Hammer, RE/MAX Executive Director, Strategic Alliances. Tom Rossiter, CEO of RESAAS, stated "RE/MAX is known for its vast footprint both in the United States and internationally. RESAAS is proud to expand on our relationship with RE/MAX and we look forward to offering our services to their network of high-performing agents. The unique real estate data that the RESAAS platform gathers provides unrivalled business intelligence for large real estate organizations such as RE/MAX." About RESAAS Services Inc. RESAAS is an award-winning global technology platform for the real estate industry. With over 500,000 real estate agents utilizing RESAAS in 160 countries, RESAAS enables real-time industry communication, delivers new business opportunities and captures unique real estate data. Some of real estate's biggest brands leverage RESAAS to provide business intelligence to real estate brokerages, franchises and associations. For more information, please visit https://www.resaas.com.

Inside Real Estate's Fall '22 Release Helps Customers Thrive in Ever Changing Industry Landscapes
Inside Real Estate continues to pioneer innovations for its industry leading tech platform, kvCORE, while announcing newly developed and acquired products. MURRAY, UTAH, NOVEMBER 9, 2022 -- Inside Real Estate, one of the fastest-growing independently owned real estate software companies and a trusted technology partner to over 400,000 agents, teams, brokerages and top franchise brands, announced their Fall 2022 Release including enhancements to their flagship kvCORE Platform and new innovative solutions with CORE Listing Machine & Design Center, and CORE Home. The latest release is jam-packed with new features and products to help their customers boost productivity, and continues to solidify Inside Real Estate as the innovation leader in the industry. The Fall 2022 Release builds upon their continued dedication to customer success via new streamlined onboarding and customer support processes, kvCORE enhancements to website designs and customizations, lead gen enhancements and the unveiling of the new CORE Listing Machine & Design Center. "We recognize the pressures that our clients face in the market today," said Joe Skousen, CEO of Inside Real Estate. "It's because of these and the role we fill as a technology partner that we play harder when the stakes are high," Skousen continued. "We innovate in products, services and offerings to partner with our clients in driving the real results their businesses need now more than ever. Tough markets can be tricky, but they can also forge the strongest companies coming out of them. Our Fall release is all about our partnership in innovation with our clients, and how we continue to equip them to compete and win - in today's market and for years to come." Inside Real Estate's Fall '22 Release includes: The brand new CORE Listing Machine & Design Center that automates listing marketing across all listing stages and includes an expansive library of print and digital assets, customizable listing kits, upgraded property websites, listing videos and automated social media marketing Refreshed website designs and enhanced customization options, enabling agents to showcase their local expertise and experience while differentiating themselves from the competition Enhancements to the industry's first-of-its-kind homeownership solution, CORE Home, putting brokerages and agents at the center of the lifetime consumer relationship Enhancements to the extremely popular Property Boost advertising solution to expand listing exposure and drive leads throughout the listing lifecycle. The acquisition of AmpStats to the back office suite which will give brokerages an advantage in recruiting and retaining top talent Worry-free texting to keep clients in good standing with customers and prospects while ensuring compliance in their marketing efforts "Inside Real Estate is dedicated to helping brokerages drive profitable businesses," said Nick Macey, President of Inside Real Estate. "Whether it's by saving on consolidated technology costs, streamlining business practices, or opening up new revenue streams - kvCORE continues to drive results at all levels by bridging the gap between brokerages' needs and agents' results. We are excited for our customers to get access to all of these productivity-enhancing tools in our latest release." The products and enhancements comprising the Fall '22 Release have already started rolling out to Inside Real Estate's customer base, and will continue in the weeks and months to come. 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 400,000 top brokerages, agents, and teams. Their flagship product, kvCORE Platform, is the most modern and comprehensive solution in the industry known for delivering profitable growth at every level of a brokerage organization. Built on a modern, scalable, and flexible architecture, kvCORE enables every brokerage to create its own unique technology ecosystem through custom branding, robust integrations, and high-quality add-on solutions. With an accomplished leadership team and its talented staff of 250 employees, Inside Real Estate brings the resources, scale, and vision to deliver ongoing innovation and success to their growing customer base.

Transactly Now Affiliated with eXp Realty
ST. LOUIS, Mo. — Oct. 25, 2022 — Transactly, a current leading real estate transaction Management Platform that provides tech-enabled transaction coordination services nationwide, has contracted with the groundbreaking brokerage, eXp Realty™. As one of the world's fastest-growing residential real estate brokerages, with over 85,000 agents across 22 markets worldwide, eXp Realty prides itself on breaking boundaries. Now, eXp Realty is offering yet another tech-enabled solution to their agents. Transactly has become one of eXp Realty's premier U.S. transaction coordination providers strategically selected for their eXp Solutions program. Agents will be provided with top-tier transaction coordinators, who are experienced in the market, and trained to work as efficiently as possible on Transactly's platform. All eXp agents will have the option to utilize Transactly service to ensure every transaction is compliant, and smoothly arrives at closing. "Transactly is designed to simplify and streamline real estate transactions. Our proprietary technology helps those we serve – and our Transactly Coordinators – to be more efficient and out-perform industry standards, and we are excited to begin working with eXp agents on reaching that goal as well," said Transactly CEO, Bryan Bowles. With this new eXp relationship and its many other corporate relationships over the years, Transactly has proven to withstand the hardships of the current market, and solidify its place in the real estate industry. Transactly provides a service that allows agents to truly focus on revenue-generating tasks while retaining the confidence that their clients' transactions will make it to close on time. A service eXp Realty, along with many agents across the country, deem a beneficial, and even necessary service, when the housing market has taken a downward turn. About Transactly Transactly is headquartered in St. Louis, Missouri, and was founded in 2017 by Bryan Bowles. Transactly's mission is to be the platform of choice for the people involved in real estate transactions. Transactly's platform provides the largest team of tech-enabled transaction coordinators in North America.

Redfin Reports Sellers' Time on Market Doubles from Spring as Buyers Wait for Prices and/or Rates to Come Down
Home sales continue to decline and mortgage applications are at their lowest level in 25 years. SEATTLE -- Pending home sales and new listings both saw their biggest year-over-year drops since the start of the pandemic, dipping to levels roughly on par with April 2020, according to a new report from Redfin, the technology-powered real estate brokerage. U.S housing market activity is continuing to slow down as mortgage rates sit at a 20-year high. Mortgage-purchase applications fell to their lowest level in 25 years, according to the Mortgage Bankers Association. Sales are dropping more than listings. Sellers are still catching on to the prices buyers who are in the market are willing and able to pay in the face of near-7% mortgage rates. Homes are taking twice as long to sell as they did in the spring. A record share of sellers are dropping their asking price and the typical home is selling for 1% less than its final asking price–the biggest discount since August 2020. "With rates sitting above 6.5% for three weeks and no indication they'll come down before the end of the year, people are only buying and selling homes if they need to," said Redfin Economics Research Lead Chen Zhao. "Prospective buyers are waiting for prices and/or mortgage rates to come down and sellers want to squeeze as much money out of their sale as possible. Homes will eventually sell, but it may take a few months, and sellers need to meet buyers where they are. That means lower prices and negotiations, including things like giving buyers a credit to buy down their mortgage rate and paying for home repairs. Prospective sellers may also consider renting out their home for a few months until demand recovers." "Buyers should keep similar things in mind when they're doing the math of which homes they can afford," Zhao continued. "Try negotiating down the sale price; now's the time to make what would have been considered a lowball offer six months ago. Ask for concessions and repairs to make up for high mortgage rates." Leading indicators of homebuying activity: For the week ending October 20, 30-year mortgage rates rose to 6.94%, up slightly from last week and a 20-year high. Fewer people searched for "homes for sale" on Google. Searches during the week ending October 15 were down 32% from a year earlier. The seasonally adjusted Redfin Homebuyer Demand Index—a measure of requests for home tours and other home-buying services from Redfin agents—was down 31% year over year to its lowest level since May 2020. Touring activity as of October 16 was down 25% from the start of the year, compared to an 8% increase at the same time last year, according to home tour technology company ShowingTime. Mortgage purchase applications were down 4.5% week over week (seasonally adjusted) to their lowest level since 1997 during the week ending October 14. They were down 38% from a year earlier. Key housing market takeaways for 400+ U.S. metro areas: Unless otherwise noted, this data covers the four-week period ending October 16. Redfin's weekly housing market data goes back through 2015. The median home sale price was $367,083, up 6% year over year and on par with the previous week. Home-sale prices fell from a year earlier in three U.S. metro areas: Prices declined 4% year over year in Oakland, 2% in San Francisco and 1% in Philadelphia. The median asking price of newly listed homes increased 8% year over year to $378,225. The monthly mortgage payment on the median asking price home climbed to a near-record high of $2,552 at the current 6.94% mortgage rate, up 50% from $1,704 a year earlier, when mortgage rates were 3.01% and up from a recent low of $2,203 during the four-week period ending August 14. Pending home sales were down 32% year over year, the largest decline since April 2020. New listings of homes for sale were down 19% from a year earlier, the biggest decline since May 2020. Active listings (the number of homes listed for sale at any point during the period) fell 1% from the prior four-week period. On a year-over-year basis, they rose 5%. Months of supply—a measure of the balance between supply and demand, calculated by dividing the number of active listings by closed sales—rose to 3.1 months. That marks the highest level since June 2020. 35% of homes that went under contract had an accepted offer within the first two weeks on the market, little changed from the prior four-week period but down from 39% a year earlier. 23% of homes that went under contract had an accepted offer within one week of hitting the market, little changed from the prior four-week period but down from 28% a year earlier. Homes that sold were on the market for a median of 34 days, up more than a full week from 26 days a year earlier and the record low of 17 days set in May and early June. Typical time on market has steadily increased since June. 30% of homes sold above final list price, down from 44% a year earlier and the lowest level since August 2020. On average, a record high 7.9% of homes for sale each week had a price drop, up from 3.9% a year earlier. The average sale-to-final-list price ratio, which measures how close homes are selling to their asking prices, fell to 98.9% from 100.5% a year earlier. That's the lowest level since August 2020. View the full report, including charts, 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.

LeadingRE Selects Virtuance and Diakrit for Solutions Group Program
Virtuance & Diakrit provide visual content and integrations to brands that are serious about growing their business CHICAGO – Leading Real Estate Companies of the World® has selected Virtuance & Diakrit for its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. Virtuance & Diakrit provides high-quality marketing content including magazine-quality photography, 2D and 3D floor plans, virtual tours, digital renovating, decorating tools and video to over 2,000 leading brokerage brands worldwide. "Virtuance & Diakrit gives real estate brokers a strategic advantage by ensuring all their listings are brand consistent and are widely advertised to everyone in the market. And, with technologies that highlight what it could be like to live in any given property – without even stepping foot inside – they help buyers feel more confident in their home buying decision," said LeadingRE Vice President, Sales/Partnerships Jeff Kennedy. With established networks of photography in the United States, Australia, New Zealand, Sweden, Norway and Denmark, Virtuance & Diakrit is well-positioned to serve LeadingRE's membership. "We're excited to join LeadingRE's prestigious Solutions Group. LeadingRE attracts some of the world's top real estate firms, such as our clients John L. Scott in the US, Barfoot & Thompson in New Zealand and Belle Property in Australia. These firms have successfully won more business with the help of Virtuance & Diakrit's high-quality marketing content. Our vision is to be the provider of choice in digital real estate marketing globally. By joining with LeadingRE, we look forward to establishing new relationships with leading firms in the U.S., Canada and central Europe to help them become a brand top-of-mind for anyone thinking of buying or selling in their market," said Dick Karlsson, founder and Head of Global Sales & Marketing. Learn more about Virtuance & Diakrit at experiences.diakrit.com/LRE22. Learn more about Leading Real Estate Companies of the World® at www.LeadingRE.com.  About Virtuance & Diakrit Virtuance & Diakrit are the leading providers of digital real estate marketing content in the United States, Europe, and Australasia. Virtuance & Diakrit work with 2,000+ leading brokerage brands worldwide and help them successfully win more business and grow their market share through industry-leading marketing content, including magazine-quality photography, 2D and 3D floorplans, virtual tours, digital renovating and decorating tools, and video. Creators of HDReal®, an industry-leading AI-powered image processing system, Virtuance & Diakrit automate key processes in real estate marketing, which enables real estate professionals to improve their marketing effectiveness, differentiate their brand, and drive consistent results for their clients.

New SkySlope Feature Enables Transaction Coordinators to Complete Forms for Agents
SACRAMENTO, Calif., Sept. 27, 2022 -- As one of the real estate industry's leading transaction management platforms, SkySlope is continually looking for ways to better support agents and their brokerages. SkySlope's newest release aims to strengthen the workflow between agents and office transaction coordinators by offering a seamless integration that permits transaction coordinators to create, complete, and manage Forms files for agents in SkySlope. Historically, only agents with association credentials could access SkySlope Form libraries. This prevented TC and office staff from doing important work on an agent's behalf. With this new update, transaction coordinators, office administrators, and office staff will have access to the agent's association and broker libraries and will be able to access and complete forms for agents. With TC access, association-issued credentials will not be required. In addition to allowing transaction coordinators to fill forms for agents, TCs will also be able to send envelopes to clients for the purpose of signature. This will give agents more flexibility when delegating tasks, while still allowing them visibility into their transactions. Since both the agent and the TC are cc'd on all envelope communications, the client will be able to automatically reply to both with any follow-up questions. To increase clerical efficiency, transaction coordinators will also be able to transform a Forms file into a standard SkySlope transaction file. Signed Forms will automatically embed into the transaction file, eliminating the need for any duplicate data entry. "At SkySlope, our mission is to continually adapt with the changing needs of brokerages, their agents, and their staff," says Buck Avey, VP of Product at SkySlope. "We are driven to provide the tools that make collaboration in brokerage offices easier and more efficient. That's why we designed this new feature — to bridge those communication gaps. We're thrilled to be able to offer this release to our ever-growing community of SkySlope members." The new feature will be offered as a part of SkySlope Forms Broker Edition. Those with access will be able to manage the files of any agent who already uses SkySlope Forms, or has begun the onboarding process. Have questions or want to learn more? Check out TC Access — Broker Edition. About SkySlope Established in 2011, SkySlope is the customer experience platform managing real estate transactions from contract to close. Serving over 450,000 real estate professionals across the U.S. and Canada, SkySlope manages nearly 3 million transactions annually. SkySlope is on a mission to build solutions that reshape the real estate industry by creating the most powerful autonomous transaction platform. For more information, visit SkySlope.

Redfin Reports Rising Prices Amid Falling Demand and Supply Reflect a 'New Weird'
Few people are choosing to buy homes with mortgage rates well above 6%; even fewer homeowners want to sell SEATTLE -- Home prices increased 1% in the last two weeks after 11 weeks of declines as mortgage rates soared past 6%, according to a new report from Redfin, the technology-powered real estate brokerage. The Federal Reserve's aggressive interest rate hikes have successfully cooled off homebuying demand by dramatically reducing buyers' spending power, but new listings have also taken a huge hit. Typically, when mortgage rates shoot up, the expectation is that prices come down in turn, but with so few desirable homes coming on the market, buyers are not getting much relief. Those who do choose to list their homes have lost the upper hand their neighbors enjoyed when they sold last spring and should price accordingly. The share of home listings with a price drop reached a new high. Months of supply (active listings divided by closed sales—the lower the level, the stronger the seller's market) climbed to a 27-month high. "There has been a lot of talk of a 'new normal,' but what's happening in the housing market feels more like a 'new weird,'" said Redfin Deputy Chief Economist Taylor Marr. "The impact of the Fed's inflation-curbing strategy is seen clearest in the housing market as prospective buyers take a big step back, slowing sales. But since the vast majority of homeowners who might consider moving have a mortgage rate far below current levels, there's very little new supply hitting the market. As a result, home sale prices have picked up in recent weeks, and the typical buyer's monthly mortgage payment is just a few pumpkin spice lattes shy of its all-time high. The irony is that it may take renewed fears of a recession to bring buyers some relief in the form of lower prices." Leading indicators of homebuying activity: For the week ending September 22, 30-year mortgage rates rose to 6.29%, their highest level since October 2008. Fewer people searched for "homes for sale" on Google. Searches during the week ending September 17 were down 33% from a year earlier. The seasonally adjusted Redfin Homebuyer Demand Index—a measure of requests for home tours and other home-buying services from Redfin agents—was down 15% year over year. Touring activity as of September 18 was down 13% from the start of the year, compared to a 12% increase at the same time last year, according to home tour technology company ShowingTime. Mortgage purchase applications were up 1% week over week, seasonally adjusted, and were down 30% from a year earlier during the week ending September 16. Key housing market takeaways for 400+ U.S. metro areas: Unless otherwise noted, this data covers the four-week period ending September 18. Redfin's weekly housing market data goes back through 2015. The median home sale price was $371,850, up 8% year over year. Prices have climbed 1% since the beginning of the month, after 11 weeks of declines. Home sale prices in San Francisco fell 6% year over year. Neighboring Oakland, CA, where prices fell 2.5%, Buffalo, NY (-0.1%), Honolulu, HI (-1.4%) and New Orleans (-10%), rounded out the five metro areas that saw year-over-year median-sale-price declines. The median asking price of newly listed homes increased 9% year over year to $381,250. The monthly mortgage payment on the median asking price home was $2,442 at the current 6.29% mortgage rate, up 45% from $1,678 a year earlier, when mortgage rates were 2.88%. That's down from the peak of $2,458 reached during the four weeks ending June 19. Pending home sales were down 21% year over year, the largest decline since May 2020. New listings of homes for sale were down 20% from a year earlier, also the largest decline since May 2020. Active listings (the number of homes listed for sale at any point during the period) fell 1.5% from the prior four-week period. On a year-over-year basis, they rose 0.4%. Months of supply—a measure of the balance between supply and demand, calculated by dividing the number of active listings by closed sales—increased to 2.8 months, the highest level since July 2020. 34% of homes that went under contract had an accepted offer within the first two weeks on the market, little changed from the prior four-week period but down from 40% a year earlier. 23% of homes that went under contract had an accepted offer within one week of hitting the market, little changed from the prior four-week period but down from 28% a year earlier. Homes that sold were on the market for a median of 29 days, up from 23 days a year earlier and the record low of 17 days set in May and early June. 33% of homes sold above list price, down from 47% a year earlier. On average, a record high 7.4% of homes for sale each week had a price drop, up from 3.8% a year earlier. The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, fell to 99.4% from 101.0% a year earlier. View the full report, including charts, 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.

Collabra Technology Hires Former Zillow, eXp Realty, Radian Executives to Lead Marketing and Product Development
New hires bring decades of expertise in scaling high-growth technology companies and promoting brand awareness. SPOKANE, WASH. - SEPTEMBER 13, 2022 -- Collabra Technology, a real estate digital marketing company on a mission to empower real estate agents to grow their digital sphere of influence, today announced the appointment of three key executives to lead marketing initiatives and product development: Eric Bloomquist, vice president, product management; Tara Clark, vice president, product marketing; and Cynthia Nowak, chief marketing officer. The new team brings a combined 60 years of real estate industry experience as well as expertise scaling high-growth technology companies and promoting brand awareness. Eric Bloomquist has been in the real estate industry for nearly 30 years and part of the founding or leadership team at multiple real estate and proptech companies, including Radian, JetClosing, Homegenius, and Qualia. During his career, he's guided several enterprise tech implementations focused on removing friction from the process of buying or selling a home. Bloomquist will oversee Collabra's product development lifecycle. Tara Clark was one of the original marketing hires at Zillow where she led the development and expansion of all consumer-facing email programs. During her 11 years at Zillow, she also built and led the email marketing teams and resulting outcomes across multiple lines of business, including the Premier Agent program, and other Zillow Group brands such as Trulia and Zillow Mortgages. At Collabra, Clark will bring the voice of the customer into our product development process and build our go-to-market strategy. Cynthia Nowak has nearly 20 years of experience in the real estate industry, mainly at start-ups in various stages of growth. As an early employee at eXp Realty, Redfin, and Zillow, she has led all aspects of marketing and communications as well as investor relations. As CMO, Nowak is responsible for driving the company's brand recognition and engagement across multiple platforms. "We are thrilled to bring on three new hires with vast and varied real estate expertise who understand the ever-shifting needs of brokers and agents. Together, they will form a scrappy team of dreamers, designers, builders, and marketers to bring our vision to life," said Russ Cofano, CEO, Collabra Technology. About Collabra Technology Collabra Technology is on a mission to empower real estate professionals to build and maintain powerful spheres of influence. We are building for a future where real estate content, data, and technology are merged to create opportunities for enduring and extraordinary customer relationships. The company's RElumio suite of products connect directly with MLSs to create cutting-edge marketing materials to shine a light on an agent's listing and help build their digital brand with listing videos, websites, and flyers in one easy step. Sign up to receive our upcoming free Guide to Digital Sphere Mastery at collabratechnology.com.

Constellation1 Partners with Local Logic to Provide Deeper Local Intelligence Insights for Residential Real Estate Listings
Leading Location Intelligence Provider Supplies Vital Data Sets for Constellation1 Websites Newport Beach, CA (September 8, 2022) -- Constellation1, a leading provider of real estate technology and data services, has partnered with Local Logic, a location intelligence provider that uses artificial intelligence and digital twin technology to shape smarter development and more successful cities. This partnership will not only enhance the Constellation1 website solutions, it will engage and assist consumers in their journey to find the neighborhood and property that best fits their lifestyle. Local Logic is the largest location intelligence platform in North America. With the addition of Local Logic's local intelligence data sets, Constellation1 will be able to deliver deeper, more impactful insights to connect homebuyers with their dream homes. Constellation1 Websites clients can opt–in to display the Local Logic widget on their listing details page, providing end users searching for homes with a realistic digital representation of what it's like to live, work, shop, and play at over 250 million addresses across North America. "The faster your clients find their dream home, the faster you can close the deal," said Andrew Binkley, President of Constellation1. "Our partnership with Local Logic enhances our website solution by providing high-quality third-party data in a consumer-focused format. This helps homebuyers make informed decisions while building brand trust and loyalty and boosts website engagement and lead generation." Local Logic leverages more than 75 billion data points and 250 million properties across the United States and Canada, then packages its findings into valuable and actionable consumer insights. Pair them with leading property search features and the most comprehensive MLS, property, off-market, and public records data available, and Constellation1 Websites become second to none. "Given the current market, empowering home seekers with precise and digestible location insights has become an absolute necessity," said Vincent-Charles Hodder, co-founder & CEO of Local Logic. "Partnering with Constellation1 gives us the ability to create an end-to-end solution for consumers that drastically improves the search experience." "When you are an MLS, value and engagement are crucial to your success," said Tammy Owen, Technology Services Director at ValleyMLS. "Constellation1 is our technology backbone and allows our website to be set for success. Local Logic complements this perfectly by providing a layer of rich data and content that both consumers and search engines love." Constellation1 Websites are search engine optimized to drive visitor traffic, cloud-based for superior uptime, and backed by the most comprehensive, highest-quality data on the market provided by Constellation1's center of data excellence. The partnership with Local Logic reinforces the ongoing commitment of Constellation1 to invest in the right partnerships and technology enhancements for its clients and the industry at large. About Constellation1 Constellation1 provides front office, back office and data services to real estate brokerages, franchises, MLSs and technology vendors 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. About Local Logic Local Logic is a location intelligence platform that digitizes the built world for consumers, investors, developers, and governments – delivering unrivaled clarity and actionable insights capable of creating more sustainable, equitable cities. With more than 75 billion unique data points – the largest unique location data set in the U.S. and Canada – the platform creates a digital twin of cities, quantifying the built world and offering predictive, precise analytics to inform the present and future of over 250 million individual addresses.

RentSpree Raises $17.3 Million in Series B, Propelling Continued Growth in the Booming Rental Market
New Investment from Prominent Industry Partners is Set to Facilitate Expanded Product Offerings LOS ANGELES, Aug. 29, 2022 -- RentSpree, the industry's premier end-to-end rental management software provider, today announced that it has closed $17.3 million in Series B financing. This brings the company's total amount raised to nearly $28 million. These investments will help the company expand product offerings for both renters and agents and secure additional strategic partnerships, furthering its mission to help the real estate industry embrace a growing nation of renters. This latest round of funding is led by Green Visor Capital. The fintech venture capital firm is joined by new investors Rally Ventures, the California Association of REALTORS® (C.A.R.), Venture MLS, ECG-Research, KEC Ventures, and Gaingels, with participation from existing investors 645 Ventures and Vesta Ventures. "We recognized a marked shift toward renting that has been years in the making," says Michael Walsh, General Partner, Green Visor Capital. "That transformation has only accelerated over the last 24 months. RentSpree is well-poised to continue leading the industry through these changing dynamics due to its partnerships, product innovation, and momentum." With rising mortgage rates making it more expensive to buy a home, the demand for rentals has been skyrocketing. With this in mind, RentSpree will use the new funding to further empower renters, agents, and landlords with new tools, such as rent payment. Case in point, RentSpree has seen an average monthly increase of rent collected via this latest feature by more than 30% year to date. Given this trajectory, RentSpree is on track to process more than $160 million in rental payments over the next 12 months. By providing decision-enablement resources, RentSpree will assist renters in better understanding their finances on their real estate journey. These tools are designed to help solve financial pain points, set renters up for success in the rental market, and allow them to reach their long-term goals. In concert, the company is equipping agents and brokers with the tools necessary to seamlessly diversify their client portfolio and income, as well as support their rental clients' transition to homeownership in due time. "From RentSpree's start, we wanted to create an easier and more effective process to qualify renters," says Michael Lucarelli, CEO of RentSpree. "In time, we realized that we were only scratching the surface of unmet needs within the market, such as streamlining marketing, facilitating payments, and helping consumers build wealth. With the introduction of new tools and plans for strategic partnerships in today's hot rental market, it is our goal over the next 24 months to have 30%+ of all active U.S. agents leveraging RentSpree, and together, we will assist millions of rental clients annually." The round of Series B funding comes on the heels of RentSpree ranking in the top 13% of Inc. 5000's fastest-growing companies of 2022. In addition, RentSpree recently reached one million users across the country as a result of partnerships with more than 250 of the nation's top multiple listing services (MLSs), associations, brokerages, and proptech platforms. This growth trajectory is on track to heighten with this latest investment. "While our members predominantly service clients seeking to buy and sell real estate, we recognize that many people are renting much longer today compared with any other point in history," says C.A.R. President Otto Catrina. "We have been collaborating with RentSpree already for more than five years to ensure our members have access to technology to address rental needs, and we are excited to take this significant step in helping RentSpree transform the real estate ecosystem." For more information on RentSpree, please visit rentspree.com. About RentSpree Los Angeles-based RentSpree is a provider of award-winning rental software that helps seamlessly connect real estate agents, owners, and renters to simplify and automate the entire rental process, from listing to lease. The all-in-one platform is known across all 50 states for its easy and secure interface and suite of rental tools, including tenant screening, rent payments, marketing and renter management. To date, RentSpree has partnered with more than 250 of the most influential MLSs, real estate associations and brokerages to serve over one million users in the U.S. RentSpree is ranked 625th on Inc. 5000's fastest-growing private companies in 2022. Visit rentspree.com for more information. About Green Visor Capital Green Visor Capital invests in, and works with, passionate entrepreneurs that use innovative technology to solve substantive issues in financial services and do so in a socially responsible manner, which we believe will lead to the generation of large-scale shareholder value. Green Visor Capital launched in late 2013, and its general partners include Joe Saunders, the former chairman and CEO of Visa, Inc., the world's largest payments company. For more information, visit http://www.greenvisorcapital.com. About the C.A.R. Leading the way…® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with more than 217,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

Texas home builders see 'market shift' as total sales drop
HomesUSA.com reports higher new home prices despite more active listing inventory Dallas, TX - August 22, 2022 -- As more new home listings appear in local Multiple Listing Services, Texas home builders are seeing a “market shift.” New home sales dropped last month as new home inventory continued to increase according to Ben Caballero, the nation’s top-ranked real estate agent and CEO of HomesUSA.com. According to the July 2022 HomesUSA.com New Home Sales report, the 3-month moving average of new home sales for Dallas-Ft. Worth, Houston, Austin, and San Antonio fell in July to 3,724 versus 4,098 in June. Active listings in the local MLSs in Dallas-Ft. Worth, Houston, Austin, and San Antonio jumped to 18,950 in July, up from 15,131 in June – an increase of over 25% in the last 30 days. “Texas home builders are experiencing a significant market shift,” said Caballero. “Total new home sales are down, while prices and inventory continue to increase,” he added. “Surprisingly, new homes sold at a faster pace, spending fewer days on the market,” Caballero noted. “And while these market changes are challenging builders, I expect the strength of the Texas economy will insulate Texas home builders from a significant slowdown,” he said. The HomesUSA.com New Home Sales Index shows the new home sales pace quickened again last month as the 3-month moving average for Days on Market was 51.19 days, down from 54.07 days in June.The HomesUSA.com July 2022 Texas new homes report used data from the REALTOR Associations of Austin, North Texas Real Estate Information Systems, Houston, and San Antonio. New home prices statewide increased last month – a continuing trend. The 3-month moving average of new home sale prices in July was a record $469,683 versus $458,448 in June. The average new home price is up over $78,500 since July 2021, an increase of more than 20 percent year-over-year. The average new home price set a record high in three major Texas new home markets. Dallas-Ft. Worth was $513,727 in July versus $501,327 in June. Houston ($424,398 versus $419,573) and San Antonio ($407,028 versus $391,577) also posted record prices. The average new home price also was higher in Austin ($546,978 versus $541,079), but short of the Feb. 2022 record of $561,134. Caballero noted statewide pending new home sales also dropped, impacted by buyer cancellations. In July, the 3-month average of pending new home sales statewide was 4,240 versus 4,379 in June. Three of the four major new home markets in Texas – Dallas-Ft. Worth, Houston, and San Antonio – reported a drop in pending sales last month. Conversely, Austin reported a slight increase of pending sales in July to 617 from 594 in June. The HomesUSA.com Texas New Home Sales Report and New Home Sales Index are being shared in advance of the Commerce Department’s release of its nationwide New Residential Sales Report for July, set for Tuesday, August 23 at 10:00 am Eastern. The HomesUSA.com monthly report includes 3-month and 12-month moving averages for six essential market data, including Days on Market, sales volume, sales prices, a sales-to-list price ratio, pending sales, and active listings. Caballero explained the 3-month moving average indices track market seasonality, while the 12-month moving average removes the seasonality and tracks the longer trend. Days on Market – New Homes in Texas (Exclusive Data) The HomesUSA.com New Home Sales Index showed the 3-month moving average of Days on Market declined statewide and in all four major new home markets in July. Houston’s DOM was 60.05 days versus 64.75 days in June. In Austin, the DOM decreased to 25.76 days versus 26.72 days in June. In Dallas-Ft. Worth, the DOM decreased to 50.32 days from 51.42 days in June. In San Antonio, the DOM was 56.46 days versus 57.03 days in June. (See Chart 1: Texas New Homes Days on Market) Texas New Home Sales Data Based on all available local MLS data, total new home sales in Texas were lower statewide and in all four major new home markets last month, according to the 3-month moving average. In Houston, July’s total sales were 1,514 versus 1,691 in June. Dallas-Ft. Worth new home sales also decreased to 1,180 versus 1,285 in June. In San Antonio, new home sales decreased to 454 from 538 in June. In Austin, July sales totaled 576 versus 584 in June. (See Chart 2: Texas New Home Sales) Texas New Home Prices The average price of new homes in Texas shows higher prices statewide and in all four major new home markets last month. Dallas-Ft. Worth reported its 3-month moving average price for new homes was higher in July at $513,727 versus $501,327 in June. Houston's average new home price was also higher in July at $424,398 versus $419,573 in June. In San Antonio, the average new home price increased in July at $407,028 versus $391,577 in June. Austin's 3-month moving average price also rose in July to $546,978 from $541,079 in June. (See Chart 3: Texas New Home Prices) Texas Sales-to-List Price Ratio New home sales statewide and in Dallas-Ft. Worth, Houston, Austin, and San Antonio still hover near 100 percent of the asking price and in two markets, exceeded it. Statewide, the 3-month moving average of the sales-to-list price ratio in July was 99.899 versus 99.954 percent in June. Dallas-Ft. Worth’s ratio was 100.605 versus 100.688 percent in June. In Houston, the ratio was 99.018 versus 99.097 in June. In Austin, the sales-to-price ratio in July was 100.774 versus 100.939 percent in June. San Antonio's ratio in July was 99.888 versus 99.853 in June. (See Chart 4: Texas Sales-to-List Price Ratio) Texas Pending New Homes Sales Data Based on local MLS data, pending new home sales dropped statewide and in three of the four Texas major new home markets last month. Statewide MLS data shows pending sales in July were 4,240 versus 4,379 in June. Houston’s pending sales in July were 1,607 versus 1,725 in June. In San Antonio, pending sales last month were 446 versus 467 in June. Pending new home sales last month in Dallas-Ft. Worth were 1,569 versus 1,593 in June. Austin was the exception, as pending sales in July were 617 versus 594 in June. (See Chart 5: Texas Pending New Home Sales) Texas Active Listings for New Homes MLS data shows the 3-month moving average for active listings statewide increased in July to 18,950 versus 15,131 in June. Last month, all four major Texas new home markets posted higher active listings. Dallas-Ft. Worth's active listings in July were 4,595 versus 2,915 in June. Last month's active listings in Houston were 8,911 versus 7,900 in June. July’s active listings in Austin were higher at 2,797 versus 2,129 in June. San Antonio reported active new home listings in July were 2,647 versus 2,186 in June. (See Chart 6: Texas Active Listings and Chart A: 12-Month Moving Averages) About the HomesUSA.com New Home Sales Index The HomesUSA.com Index is reported as both a 3-month and 12-month moving average of the Days on Market (DOM) for new homes listed in the local Multiple Listing Services (MLSs) for the four largest Texas markets, including Dallas-Ft. Worth, Houston, Austin, and San Antonio. Created by Ben Caballero, founder and CEO of HomesUSA.com, it is the first Days on Market index to track Texas's new home market and includes homes listed while under construction. About Ben Caballero and HomesUSA.com® Ben Caballero, founder and CEO of HomesUSA.com, is a three-time Guinness World Record title holder for "Most annual home sale transactions through MLS by an individual sell-side real estate agent - current." Ranked by REAL Trends as America's top real estate agent for home sales since 2013, Ben is the most productive real estate agent in U.S. history. He is the only agent to exceed $1 billion in residential sales transactions in a single year, a feat first achieved in 2015 and repeated each year through 2018 when he achieved more than $2 billion. An award-winning innovator and technology pioneer, Ben works with more than 60 home builders in Dallas-Fort Worth, Houston, Austin, and San Antonio. His podcast series is available on iTunes and Google Podcasts. Learn more at HomesUSA.com |Twitter: @bcaballero - @HomesUSA | Facebook: /HomesUSAdotcom.

ATTOM Acquires Estated, Further Strengthening Its Impact in the Enterprise Data Licensing Marketplace
Acquisition Solidifies ATTOM's Position as The One-Stop Shop for Comprehensive Property Data IRVINE, Calif. - August 16, 2022 -- ATTOM, a leading curator of real estate data nationwide for land and property data, today announced it has acquired Estated, a property data licensing company. "ATTOM remains focused on providing the most comprehensive property data available, while delivering data-driven critical insights and analytics-ready property data solutions addressing a wide range of business needs," said Rob Barber, CEO at ATTOM. "The synergy between our two companies further enhances our value proposition and will benefit existing customers of both companies – and the entire marketplace – solidifying ATTOM's unique position as the one-stop shop for premium property data fueling innovation." This exciting announcement comes on the heels of ATTOM's recent acquisitions of GeoData Plus, Home Junction, and the divesture of RealtyTrac, allowing ATTOM to focus 100 percent on accelerating the growth of its already-successful data licensing business, while solidifying ATTOM's mission to increase real estate transparency, and showcasing its steadfast investment in data and people. "ATTOM has completed several strategic initiatives to bring more comprehensive real estate data and solutions to the marketplace," said Stuart Bern, EVP of Corporate Development. "Despite current economic uncertainty, ATTOM continues to thrive and evolve to drive ATTOM even further in serving as the most trusted comprehensive property data provider." The strategic acquisition of Estated was seen as a natural fit, with both companies focused on powering clients with property data, as well as committed to providing greater insight into the marketplace to ensure clients make more informed and educated decisions. The collaboration between the two companies will further strengthen ATTOM's competitive positioning in the enterprise data licensing marketplace, along with the consumer and investor real estate market. "Our focus at Estated has always been to provide the most up-to-date, accurate, and comprehensive property data with simple delivery solutions, so our customers can seamlessly integrate data into their business more quickly," said Joshua Fraser, CEO and Founder of Estated. "By joining forces and having common goals, we are confident that ATTOM will continue to power innovation across various industries with premium property data and analytics, while increasing efficiencies in the marketplace." Estated fuels companies of all sizes across insurance, real estate, mortgage lending and home service industries with simple yet reliable property data solutions. The acquisition of Estated, whose mission is to make working with data simple, was seen as a seamless fit for ATTOM given its mission to increase real estate transparency in America. With aligned goals, ATTOM continues to expand its data footprint as well as its presence in the property data marketplace. 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. About Estated Estated is a property data licensing company. With organized and verified information on over 155 million properties and access to full historical and real-time insights on every property in the U.S. Estated makes property data universally accessible and helps to power workflows and automations.

Kentwood Advantage gives new home buyers and sellers help in a shifting market
Innovative program adds iBuyer instant offers, buy-before-you-sell solutions, and pre-listing home improvements for sellers; Cash offers and rent-to-own options for home buyers Denver, CO - August 11, 2022 -- With housing inventory coming off record lows and home sales showing signs of slowing, Denver area homeowners are looking for the best way to sell their homes in a shifting market. Sellers want to maximize their profits and select their new home before selling their existing home. Today's local buyers are trying to find the best way to win an offer or buy that first home. To help, Kentwood Real Estate is launching its Kentwood Advantage program, powered by zavvie. The innovative new program for buyers and sellers is available to homeowners and buyers in all the markets Kentwood serves, including the entire Denver Metro area and Northern, Western, Southern, and Eastern Colorado. Sellers can now choose from an instant, all-cash offer from an iBuyer, a buy-before-you-sell modern bridge solution, and pre-listing home improvement services to fix now, pay when the home is sold on the open market to maximize seller profits. Kentwood Advantage gives buyers access to new cash offer programs to help them quickly win an offer on a home, available for buyers without accessible funds to present an all-cash offer. In addition, a new rent-to-own program helps first-time buyers get into a home of their own faster. Kentwood Advantage also offers traditional real estate services for sellers and buyers. All participating iBuyer, Power Buyer, and concierge firms are best-in-class, including Curbio, Divvy, Feeasy, HomeGo, HomeVestors, Offerpad, and Opendoor. "Kentwood Advantage offers sellers and buyers all the options in one place," said Gretchen Rosenberg, Kentwood President and CEO. Powered by zavvie, the centralized selling and buying solutions platform connects Kentwood agents and their clients with the most modern solutions. "Real estate is no longer a one-program-fits-all business for buyers and sellers - that just won't work in today's shifting real estate market," Rosenberg explained. Instead, she added, "Clients want to see and understand all options. And they want to understand what will work best for them. Kentwood Advantage delivers all the modern and traditional choices, combined with our secret sauce: the local expertise and exceptional guidance of a Kentwood professional." Rosenberg notes that Kentwood Advantage allows sellers to see how much instant cash an iBuyer would offer for their home or to buy their next home before selling their current one. The new Kentwood Advantage cash offer program is "the hottest new option for buyers since the creation of the FHA low down payment loan," said zavvie founder and CEO Lane Hornung. "In a shifting real estate market, sellers and buyers still need every advantage to be successful," Hornung added. "With these programs, Kentwood is giving buyers and sellers advantages that will make them more successful than ever before," he said. "Using this cutting-edge technology, Kentwood Advantage is another demonstration of our commitment to providing Colorado communities the highest level of customer service," Rosenberg said. Contact a Kentwood Real Estate agent for more information about Kentwood Advantage or go to Kentwood.com. About Kentwood Real Estate At Kentwood Real Estate, we believe in community. That we accomplish more together. That deep roots matter. We inspire people to imagine the next steps in their life journey. Our brokers are the highest producing, most knowledgeable, caring and experienced brokers in the country who offer a quality customer service experience. The exclusive affiliate of Berkshire Hathaway's HomeServices of America in Colorado, Kentwood Real Estate produces more sales volume per agent than 99 percent of all real estate companies in the U.S. For more information, visit Kentwood Real Estate online at www.kentwood.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.

Zillow, Opendoor announce multi-year partnership
Home sellers visiting Zillow will be able to request an Opendoor offer SEATTLE and SAN FRANCISCO, Aug. 4, 2022 -- Zillow, Inc. (Nasdaq: Z and ZG) and Opendoor Technologies Inc. (Nasdaq: OPEN) have announced a multi-year partnership that combines two category leaders to transform how people start their move. The partnership will allow home sellers on the Zillow platform to seamlessly request an Opendoor offer to sell their home. Selling a home can be full of uncertainty for many consumers who would rather focus on their next chapter than on the stresses of moving. Potential sellers on Zillow apps and sites may request and view an offer directly from Opendoor and easily compare it to an open-market sale using a real estate agent. Opendoor offers will be available on Zillow, and customers will be able to use the service as a standalone offering or package it with other Zillow home shopping services such as financing, closing and agent selection. Additionally, Zillow customers will be able to work with a licensed Zillow advisor who will serve as a helpful guide in understanding these options. "Zillow is the most visited brand in online real estate. As we bring the housing super app to life, we're empowering our millions of visitors to understand all their options and transact in the way that best meets their housing needs," said Zillow Chief Operating Officer, Jeremy Wacksman. "We know choice is important for customers and they can make the best decision when they see all of their selling options up front — including selling on the open market with a Zillow Premier Agent partner and getting a cash offer from Opendoor. This exclusive partnership will pair Zillow's audience and brand power with Opendoor's selling solution in one easy place, so customers can evaluate their selling options and easily package it with other Zillow services to buy and finance their next home." "At Opendoor, we're working to turn what is often viewed as one of life's most stressful moments — the home move — into an e-commerce experience that's simple, certain and fast. By bringing together Zillow's market-leading audience and Opendoor's e-commerce platform, more consumers will have the option to sell to Opendoor and save themselves the stress and uncertainty of a traditional sale process," said Opendoor President Andrew Low Ah Kee. "For parents looking to upsize, a young professional moving for a new job, and millions of others who regularly use Zillow to explore their home selling options, we will provide them with the ability to move with a tap of a button." Zillow and Opendoor are working together to launch this new product experience with the goal of serving shared customers nationwide in the coming months and years. About Zillow Group Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life's next chapter. As the most visited real estate website in the United States, Zillow® and its affiliates offer customers an on-demand experience for selling, buying, renting or financing with transparency and ease. Zillow Group's affiliates and subsidiaries include Zillow®, Zillow Premier Agent®, Zillow Home Loans™, Zillow Closing Services™, Trulia®, Out East®, ShowingTime®, Bridge Interactive®, dotloop®, StreetEasy® and HotPads®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). About Opendoor Opendoor's mission is to power life's progress, one move at a time. Since 2014, Opendoor has provided people across the U.S. with a simple way to buy and sell a home. Opendoor currently operates in a growing number of markets nationwide. For more information, please visit www.opendoor.com.

ATTOM Sells RealtyTrac to Nations Info
Leading Online Foreclosure Property Website Now Part of Nations Info IRVINE, Calif. - July 28, 2022 -- ATTOM, a leading curator of real estate data nationwide for land and property data, today announced that it has sold its RealtyTrac and Homefacts websites to Nations Info. As part of this transaction, effective July 15, 2022, Nations Info has also signed a multi-year agreement to become an ATTOM data licensing customer. Founded in 1996, RealtyTrac has been one of the leading resources for investors, real estate agents and consumers looking for foreclosure properties, democratizing what had historically been an "insider-only" process, and making it easier for all interested parties to search for, analyze and evaluate properties in all three stages of foreclosure. Homefacts is a one-stop shop providing accurate and reliable property and neighborhood data including school ratings, crime rates, and environmental and natural disaster risks. "RealtyTrac will always have an important place in ATTOM's history – our company actually started out as RealtyTrac back in the mid-1990s – and was integral to fueling our company's growth over the years," said Rob Barber, ATTOM CEO. "But as the company shifted its focus to data licensing, and our customer base moved from individual consumers and real estate agents to large enterprises, websites like RealtyTrac and Homefacts were no longer closely aligned with our future vision for ATTOM's growth." According to Barber, this divestiture allows ATTOM to focus 100% on continuing to accelerate the growth of its already-successful data licensing business. "We're well on our way to meeting our 2022 objectives, and this enhanced focus should enable us to be even more successful in the years ahead," Barber added. 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.

Redfin Reports Homes Are Taking Longer to Sell
Buyers can now take their time touring and considering homes before making an offer. Still, selection remains very limited despite supply being up, as few homes are being listed and even fewer are selling. SEATTLE -- The typical home sold during the four weeks ending July 17 spent 19 days on the market, one day longer than last year. That's according to a new report from Redfin, the technology-powered real estate brokerage. This marks the first time in two years that the median time on market has posted a year-over-year gain. Pending home sales fell more than they have since May 2020, and the total number of homes for sale posted its biggest increase since August 2019, despite fewer homes hitting the market than this time last year. Home sale prices continued to fall, down another 0.6% from the four-week period ending July 10. "Buyers, who earlier this year had to race to beat the competition, can now take their time touring homes and perhaps even wait to see if sellers drop the price," said Redfin chief economist Daryl Fairweather. "Still, few homes are being listed, so if your dream house hits the market, you should negotiate hard, now that you have the power to. The value may fall in the near term, but if you plan to live there for five or 10 years you will almost certainly gain home equity over that horizon. Sellers, on the other hand, may want to list sooner rather than later, before prices fall more." Leading indicators of homebuying activity: For the week ending July 21, 30-year mortgage rates rose to 5.54%. This was down from a 2022 high of 5.81% but up from 3.11% at the start of the year. Fewer people searched for "homes for sale" on Google—searches during the week ending July 16 were down 23% from a year earlier. The seasonally-adjusted Redfin Homebuyer Demand Index—a measure of requests for home tours and other home-buying services from Redfin agents—was down 17% year over year during the week ending July 17. Touring activity as of July 10 was down 2% from the start of the year, compared to a 22% increase at the same time last year, according to home tour technology company ShowingTime. Mortgage purchase applications were down 19% from a year earlier during the week ending July 15 to the lowest level since April of 2020, while the seasonally-adjusted index was down 7% week over week. Key housing market takeaways for 400+ U.S. metro areas: Unless otherwise noted, this data covers the four-week period ending July 17. Redfin's weekly housing market data goes back through 2015. The median home sale price was up 11% year over year to $389,200. This was down 1.7% from the peak during the four-week period ending June 19. A year ago the median price rose 0.9% during the same period. The year-over-year growth rate was down from the March peak of 16%. The median asking price of newly listed homes increased 14% year over year to $396,448, but was down 2.8% from the all-time high set during the four-week period ending May 22. Last year during the same period median prices were down just 0.8%. The monthly mortgage payment on the median asking price home hit $2,389 at the current 5.54% mortgage rate, up 45% from $1,650 a year earlier, when mortgage rates were 2.78%. That's down slightly from the peak of $2,486 reached during the four weeks ending June 12. Pending home sales were down 15% year over year, the largest decline since May 2020. New listings of homes for sale were down 3% from a year earlier. Active listings (the number of homes listed for sale at any point during the period) rose 3% year over year—the largest increase since August 2019. 41% of homes that went under contract had an accepted offer within the first two weeks on the market, down from 46% a year earlier. 28% of homes that went under contract had an accepted offer within one week of hitting the market, down from 33% a year earlier. Homes that sold were on the market for a median of 19 days, up from 18 days a year earlier and up from the record low of 15 days set in May and early June. 49% of homes sold above list price, down from 54% a year earlier. On average, 7.3% of homes for sale each week had a price drop, a record high as far back as the data goes, through the beginning of 2015. The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, declined to 101.4%. In other words, the average home sold for 1.4% above its asking price. This was down from 102.1% a year earlier. 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.

Anywhere Announces Rebranded Business Units
Following landmark rebranding effort, company renames existing Franchise, Brokerage, and Title & Settlement businesses, debuting Anywhere Brands, Anywhere Advisors, and Anywhere Integrated Services MADISON, N.J., July 14, 2022 -- Anywhere Real Estate Inc., a global leader in residential real estate services (formerly known as Realogy Holdings Corp.), today announced new naming conventions for its business units as part of its recent corporate rebrand. Realogy Franchise Group, a leading franchisor of residential real estate brokerages with over 21,000 offices and approximately 332,000 independent sales associates in 119 countries and territories around the world, will be rebranded as Anywhere Brands. Realogy Brokerage Group, one of the nation's largest owners and operators of residential real estate brokerages with 680 brokerage offices and approximately 56,000 independent sales agents principally under the Coldwell Banker®, Corcoran®, and Sotheby's International Realty® brand names, will be rebranded as Anywhere Advisors. Finally, Realogy Title Group, the company's title, mortgage and insurance business, will be rebranded as Anywhere Integrated Services. "The scale and synergy of our core businesses make Anywhere a global leader in real estate, and now, the renaming of these segments will more effectively highlight our renowned brokerage brands, trusted relationship with the consumer, and deep service integration," said Ryan Schneider, Anywhere president and chief executive officer. "Each of these businesses play an essential role as we move forward with our vision to empower everyone's next move by building a more push-button-simple real estate transaction process." In June 2022, the company officially completed its corporate rebrand from Realogy to Anywhere, signifying a strategic emphasis on building a more frictionless and digitized home buying and selling experience for anyone, anywhere. With its renowned brokerage brands – Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Corcoran®, ERA®, and Sotheby's International Realty® – as well as national title, settlement, and relocation companies and scaled mortgage origination and underwriting joint ventures, Anywhere is uniquely positioned to deliver a more streamlined transaction framework for consumers at any point in the real estate transaction. For more information, please visit anywhere.re and sign up for investor alerts at ir.anywhere.re. About AnywhereSM Anywhere Real Estate Inc. (NYSE: HOUS) is on a mission to empower everyone's next move. Home to some of the most recognized brands in real estate – Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Corcoran®, ERA®, and Sotheby's International Realty® – the AnywhereSM portfolio includes franchise and brokerage operations as well as national title, settlement, and relocation companies and nationally scaled mortgage origination and underwriting joint ventures. Supporting approximately 1.5 million home transactions in 2021, Anywhere is focused on simplifying, digitizing, and integrating the real estate transaction for all consumers, no matter where they may be in their home buying and selling journey. With innovative products and technology, Anywhere fuels the productivity of its approximately 196,200 independent sales agents in the U.S. and approximately 136,400 independent sales agents in 118 other countries and territories. Recognized for eleven consecutive years as one of the World's Most Ethical Companies, Anywhere has also been designated a Great Place to Work four years in a row, named one of LinkedIn's 2022 Top Companies in the U.S., and honored by Forbes as one of the World's Best Employers 2021.

eWebinar Partners with NAR REACH to Help Real Estate Tech Startups Scale Agent Onboarding and Training
eWebinar has partnered with NAR's REACH technology growth scale-up program to offer its new cohorts an innovative platform to scale agent onboarding and training by automating the tedious task of doing the same webinar over and over again. Many tech vendors have grown accustomed to offering live webinars because they're extremely effective and customers love the personal touch – but those come with major hurdles. Someone always has to be available to run those webinars, which is exhausting and not always possible for companies with limited resources. In addition, attendance rates for live webinars are often low – especially in the real estate industry, where agents are independent contractors with unpredictable schedules. Webinar replays simply don't offer the same quality or engagement. That's why REACH has teamed up with eWebinar to better achieve its mission of helping companies grow their footprint in real estate, one of the largest industries in the world. "We are excited to work with Melissa and the team at eWebinar to introduce their intuitive, time-saving solution to our newest portfolio companies. With multiple past REACH program participants already leveraging the platform, we are confident eWebinar will be an impactful tool for our incoming cohort," shared Tyler Thompson, Managing Partner, Second Century Ventures. eWebinar CEO Melissa Kwan shares Tyler's enthusiasm about the partnership. "Having spent a decade in real estate tech prior to founding eWebinar, I'm delighted that REACH chose us as a partner to help startups grow and scale," says Kwan. eWebinar CEO Melissa Kwan developed the platform after serving as co-founder and CEO of Spacio, the leading marketing system for open houses which was acquired by HomeSpotter in 2019. Since its founding, eWebinar has helped real estate brokerages and tech companies deliver onboarding and training webinars around-the-clock without a live host. Its chat system allows agents to ask questions, and for hosts to respond in real-time via live chat or later via email. "I'm particularly excited to partner with REACH to help their portfolio companies solve the exact problem that eWebinar was created to solve," says Kwan. "With eWebinar, no one ever has to deliver the same webinar twice." eWebinar was conceptualized by Kwan during her time in the real estate tech industry, and was initially designed with that industry in mind. "The real estate industry is near and dear to my heart. I'm so excited to help REACH's companies grow by showing them that they can do so much more with so much less." Many real estate tech companies affiliated with REACH – including RealScout, BombBomb, Adwerx, zavvie, ActivePipe, and immoviewer – are already using eWebinar for onboarding, training webinars, and to scale their product demos. About eWebinar Founded in 2019, eWebinar is an automated webinar platform that combines pre-recorded video with real-time interactions and live chat to deliver a delightfully engaging experience for attendees. Learn more here. About NAR REACH Backed by the National Association of Realtors®, REACH leverages the association's more than 1.5 million members and an unparalleled network of executives within real estate and adjacent industries. The REACH program helps technology companies scale across the real estate vertical and its adjacent markets through education, mentorship, and market exposure. Learn more here.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.