Construction spending falls 0.9% in March

U.S. Census Bureau | May 01, 2019

Construction spending falls 0.9% in March
The U.S. Census Bureau announced that construction spending during March 2019 was estimated at a seasonally adjusted annual rate of $1.28 trillion, retreating 0.9% from the revised February estimate of $1.29 trillion. Notably, the organization indicated March’s spending is 0.8% below the March 2018 estimate of $1.293.3 billion.

Spotlight

In layman’s terms, the investment concept for real estate is relatively simple. Investors buy a property and collect a rent for it. They may also gain some capital appreciation and leverage the property to achieve a higher return on equity. While simple in concept, the practical realization may not be always so straightforward, as anyone who has tried renting out a property, even something basic, such as a spare bedroom or a vacation property, would vouch for. The Global Financial Crisis (GFC) may also put in doubt the phrase “as safe as houses”.

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Lion Real Estate Group ("LREG"), a real estate investment firm based in Los Angeles, today announced the acquisition of a portfolio of 584-apartment units across two buildings in Atlanta, Georgia – Everly Apartments (formerly 2800 at Sweetwater (324 units)) and Domain Apartments (formerly Ashford 6860 (260 units)) ("The Properties") – for $83.25 million. The Properties, purchased from The RADCO Companies, bring the estimated value of LREG's assets under management to more than $800 million, as of September 1, 2020.

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REAL ESTATE TECHNOLOGY

With Chainlink, SmartZip Brings Real Estate Data to the Blockchain

SmartZip | May 11, 2021

SmartZip is eager to declare that they will join Chainlink's market-driving decentralized prophet network by dispatching their Chainlink hub. The Chainlink hub fills in as secure blockchain middleware that makes existing SmartZip APIs viable across driving blockchain networks. Through this new Chain Link hub, SmartZip can supply their exclusive land information including property costs, rental rates, provincial patterns, and prescient evaluating models to blockchain applications (also known as brilliant agreements). Furthermore, the Chainlink hub cryptographically signs all information communicated on the blockchain, giving clients cryptographic confirmation of the information's respectability as beginning from a SmartZip API. The Chainlink hub not just grows SmartZip's compass as an information supplier by broadening their top-notch datasets into arising blockchain markets, yet arrangements new sorts of land items and markets. Engineers can utilize SmartZip's information to create information-driven shrewd agreement applications that settle expectation markets based on future house estimations, ascertain the worth of NFTs that address land, or supply confided in benchmarks before executing exchanges of tokenized properties. SmartZip Expanding Services to the Chainlink Network SmartZip's exclusive prescient examination model totals information from 24 sources and contains more than 1 billion information focuses on private land, including modern market valuations, rental wages and other key information focuses. With blockchain's capacity to both digitize land as tokenized resources and lessen mediator failures in the business, there is a developing chance to bring SmartZip's exceptional land information on-chain and backing these new business sectors. Since blockchains are deliberately disengaged from outside frameworks to guarantee their security and dependability, savvy contracts have no inherent ability to get to off-chain SmartZip API information. This absence of outside availability requires the utilization of an extra piece of foundation known as a blockchain prophet to bring outer API information into blockchain networks. Chainlink, the most broadly embraced prophet network in the blockchain business, offers a dependable, industry-standard prophet answer for making SmartZip's land information open to a tremendous pool of savvy contract engineers. Chainlink gives various highlights that put it aside from different arrangements, for example, • Information Signing - The Chainlink hub cryptographically signs each piece of information SmartZip posts on-chain, forestalling man-in-the-center assaults and expanding its unwavering quality in mechanizing contract results. • Blockchain Agnostic - The Chainlink hub is blockchain-skeptic, furnishing SmartZip with a solitary entryway to offer information to any current and future blockchain. • Enormous Market - Chainlink is the most broadly utilized prophet arrangement in the keen agreement economy, giving a huge and developing business sector of potential information customers. • Secure Infrastructure - Chainlink is completely reviewed open-source programming that all in all gets billions of dollars in esteem on mainnet, demonstrating its capacity to ensure and trigger the development of genuine monetary worth. 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Dreamscape Real Estate Partners With Side To Pay It Forward to Temecula Valley

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Spotlight

In layman’s terms, the investment concept for real estate is relatively simple. Investors buy a property and collect a rent for it. They may also gain some capital appreciation and leverage the property to achieve a higher return on equity. While simple in concept, the practical realization may not be always so straightforward, as anyone who has tried renting out a property, even something basic, such as a spare bedroom or a vacation property, would vouch for. The Global Financial Crisis (GFC) may also put in doubt the phrase “as safe as houses”.