55+ Housing Market Confidence Reaches Record High in U.S.

National Association of Home Builders | November 08, 2019

According to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) released this week, builder confidence in the single-family 55+ housing market rose one point in the third quarter of 2019, returning to its record-high reading of 72. This is the highest reading since the inception of the index in 2008. The 55+ HMI measures two segments of the 55+ housing market: single-family homes and multifamily condominiums. Each segment of the 55+ HMI measures builder sentiment based on a survey that asks if current sales, prospective buyer traffic and anticipated six-month sales for that market are good, fair or poor (high, average or low for traffic).

Spotlight

In this week's video, John Chang discusses the three main factors causing investors to feel uncertain about the market!

Marcus & Millichap's research services division takes great pride in providing industry-leading research, and hope you find value in the insights we share as you shape your commercial real estate investment strategy. As always, please contact our team if we can be of service in providing you with market information, access to inventory, transaction execution and financing.

Spotlight

In this week's video, John Chang discusses the three main factors causing investors to feel uncertain about the market!

Marcus & Millichap's research services division takes great pride in providing industry-leading research, and hope you find value in the insights we share as you shape your commercial real estate investment strategy. As always, please contact our team if we can be of service in providing you with market information, access to inventory, transaction execution and financing.

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REAL ESTATE TECHNOLOGY, REAL ESTATE ADVICE

Accurate Group’s Archer® Software Platform Now Integrates with ClickFORMS®

Accurate Group | February 08, 2023

On February 07, 2023, one of the leading providers of technology-driven real estate appraisal, analytics, title data and e-closing solutions, Accurate Group, announced the company's Archer® Software Platform is integrated with ClickFORMS®, a user-friendly appraisal software application developed by Bradford Technologies. The simplified integration enables appraisers to populate appraisal data and create reports on the Accurate Group Platform in ClickFORMS®. As a result, appraisers can use the platform efficiently and easily. ClickFORMS® is the industry's most adaptive and user-friendly appraisal software, allowing appraisers to complete valuation assignments without learning new features. In addition, the platform offers services like technical support, productivity tools, data resources to process reports, and network connections to transmit messages. Paul Doman, President, and CEO of Accurate Group, said, "Accurate Group is excited to partner with Bradford Technologies. Our secure, robust integration with ClickFORMS® simplifies appraisal report creation while still allowing appraisers to benefit from the breadth and depth of Accurate Group's appraisal management platform – delivering the best possible experience for appraisers." He also said, "In addition, by further streamlining the appraisal process, Accurate Group continues its mission to help lenders accelerate loan cycle times, improve operational efficiency and deliver the best borrower experience." (Source: Business Wire) About Accurate Group Accurate Group is based in Independence, Ohio is a real estate technology and services leader providing technology-driven property appraisal, analytics, title data, and digital closing solutions to banks, servicers, non-bank credit unions, and capital market firms. The company offers its clients the best combination of speed, regulatory compliance, quality, and price by combining modern process accurate data, automation, and innovative SaaS and mobile technologies. In addition, the real estate finance community and consumers with Accurate Group are benefitted from top solutions of the market, which allows modern digital frameworks to improve accuracy, reduce costs and enhance compliance through all types of real estate loans, portfolios, and mortgage-related assets.

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MARKET OUTLOOK,REAL ESTATE INVESTMENT

MLG Capital's Private RE Acquisitions Exceed $1 Billion Two Years in a Row

MLG Capital | January 11, 2023

MLG Capital, a frontrunner in diverse private real estate investments, recently announced that its acquisitions in 2022 topped $1.2 billion, setting another company record. Notably, the company's first year with $1 billion in asset acquisitions was 2021. It also continued to achieve success over the past year by acquiring 1.8 million square feet of commercial space in over 7,100 multifamily apartment units and 14 states. MLG announced its sixth diversified fund in May 2022, aiming to raise $400 million in equity. The company's latest product, MLG Legacy Fund, also witnessed significant growth. With only two years since its establishment, the fund has already amassed over $700,000,000 in property holdings. MLG's achievements also led to national and regional recognition in 2022. For two years in a row, Inc. 5000 named it as one of the fastest-growing private companies in the United States. Additionally, GlobeSt. Real Estate Forum has named the company a Multifamily Influencer while Milwaukee Business Journal has named it one of Milwaukee's 'Best Places to Work'. Individual employees also earned distinctions, including Rising Star by Multi-Housing, News Woman of Influence by GlobeSt. Real Estate Forum, and so on. Senior Vice President of MLG Capital, David Binder, said, "MLG has invested in over $5.6 billion of transactions, which is the total of sold assets and the estimated current value of current investments as of Q3 2022. This figure represents approximately 39.5 million square feet of assets, inclusive of more than 33,900 multifamily apartment units across the country, further strengthening our diverse portfolio and positioning us as a leader in the industry." He also said, "Paramount to our growth and successes this past year is the strong support and trust from our valued investor and deal partners across the country. As we look ahead to 2023, we will continue to focus on finding smart real estate deals across the country by working with best-in-class deal partners, with a dedication to transparency, absolute integrity and making a difference while making a living." (Source: Accesswire) About MLG Capital MLG Capital is a private equity investment firm and direct real estate operator. Its primary goal is to increase the value of its clients' holdings. Investors around the United States trust the company because of its solid reputation and track record of positive returns, built up over 35 years of business. The current department portfolio includes more than 33,900 apartment units. Investing with MLG Capital, the investors relish tax efficiency, prioritized returns and geographic, asset type and real estate manager diversifications.

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REAL ESTATE TECHNOLOGY, MORTGAGE AND LENDING

MeridianLink's Subsidiaries Receive HousingWire Tech100 Mortgage Awards

MeridianLink | March 03, 2023

On March 02, 2023, MeridianLink®, Inc., one the leading provider of modern software platforms for consumer reporting agencies and financial institutions, announced that it received two HousingWire 2023 Tech100 Mortgage Awards. MeridianLink’s selection as a winner was based on its innovative approach to bring flexibility and improve browser experience, speed and insight to mortgage origination. In addition, a MeridianLink® company, OpenClose™, was identified because its 100% browser-based, omnichannel solutions empower lenders to enhance efficiencies, improve margins, reduce costs, and advance experience quality. These award-winning capabilities provide financial institutions with the robust technology they need to improve the experiences for loan officers and borrowers and close more loans. The Tech100 program, now in its eleventh year, offers housing professionals a comprehensive list of the most innovative and influential organizations that can be used to identify partners and provide solutions to the daily challenges mortgage lenders face. Every year, the Tech100 program improves progressively more competitively, and the quality of applicants improves as the industry’s demand for technology increases. In its fourth year, the Tech100 program was presented in two groups, including HW Tech100 Real Estate and HW Tech100 Mortgage, to highlight the achievements and innovation of organizations within both sectors. Chris Maloof, President of Go To Market, MeridianLink®, said, “It is a privilege to be selected once again as a winner of HousingWire’s renowned Tech100 award, and we are thrilled that our industry-leading offerings represent such a large percentage of the true mortgage loan origination systems on this year’s list.” He also said, “As lending progresses toward an increasingly digital future, MeridianLink® and OpenClose™ will continue offering world-class digital experiences built on innovative solutions. We are proud to give our customers choices that connect them with the same technology they need to outshine the competition.” (Source – Business Wire) About MeridianLink® Founded in 1998, MeridianLink® enables digital lending and account opening for financial institutions and provides consumer reporting agencies with data verification solutions. Its cloud-based, scalable platforms support customers to build deeper relationships with consumers via data-driven, personalized experiences throughout the lending life cycle. Its established industry leaders continue to set the industry standard for web-based credit reporting and all sizes of financial institutions. Based in Costa Mesa (California), MeridianLink® has prioritized the democratization of lending for customers, businesses, and communities specializing in loan origination, mortgage systems, loan software and banking software.

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