Home Prices Increase in 91 Percent of all U.S. Metro Areas in Q2

National Association of Realtors | August 08, 2019

According to the National Association of Realtors, most metro U.S. areas saw price gains under marginal inventory growth in the second quarter of 2019. Single-family median home prices increased year-over-year in 91% of measured markets in the second quarter, with 162 of 178 metropolitan statistical areas showing sales price gains. That is up from the 86% share in the first quarter of 2019. The national median existing single-family home price in the second quarter was $279,600, up 4.3% from the second quarter of 2018 ($268,000).

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Lilydale Quarry Urban Renewal Project - Develop a New Suburb in Melbourne’s East Total site area 162.7 hectares (approximately).

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Lilydale Quarry Urban Renewal Project - Develop a New Suburb in Melbourne’s East Total site area 162.7 hectares (approximately).

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AGENT

Intero Agents Named to NAHREP’s List of Top 250 Latino Agents For 2022

Intero | June 21, 2022

Intero, a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America, Inc., is pleased to announce eleven agents have been named in the annual Top 250 Latino Agents Report by the National Association of Hispanic Real Estate Professionals (NAHREP). The Top 250 Latino Agents Report recognizes outstanding Latino real estate agents and teams from around the country. This year’s report includes rankings of the top 250 agents and teams by volume, and the top agents and teams in their respective regions, representing more than $13.8 billion in combined sales volume in 2021. We are proud of Ricardo Artega, Juan Barragan, Erika Carrasco, Hugo de Hoyos, Todd Fernandes, Joseph Gonzales, Rebecca Johnson, Teresa Navarro, Julio Orozco, Carlos Padilla, and Denise Villeneuve. Every one of our agents brings a unique story of personal determination and commitment, exemplifying true professionalism in making homeownership a reality for others and carrying out NAHREP’s mission.” Brian Crane, CEO of Intero Established in 2002, Intero is deeply rooted in the Bay Area’s diverse culture and social change. “I consider it an honor and privilege to be a part of my client's homeownership journey here in the Bay Area,” said Carlos Padilla, Intero Los Altos Agent and Member of Intero’s Hall of Fame. “And I’m proud to be their trusted advisor along the way—not only at the time of purchase, but also beyond.” In its eleventh year of publication, the report recognizes agents whose hard work and dedication have led them to close an outstanding number of transactions to increase the rate of sustainable Hispanic homeownership in communities across the country. The listing of the Top 250 Latino Agents in America is compiled through broker affirmed self-nomination and recognizes the nation’s most successful agents and brokers for their residential real estate transactions. AboutIntero Intero, a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America Inc., serves Northern California and Nevada with 23 offices throughout the greater Silicon Valley, San Francisco, Calaveras County, Western Nevada, and the Greater Lake Tahoe Region. The Intero Franchise network comprises 35 affiliates located in California, Nevada, Tennessee, and Texas. The company is headquartered in the heart of California’s Silicon Valley.

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BUYING/SELLING

LGI Mortgage Solutions, joint venture between loanDepot and LGI Homes, Now Serving Customers in Arizona, Colorado and Florida

LGI Homes, Inc | November 08, 2021

LGI Mortgage Solutions, the joint venture formed by loanDepot, the nation's second largest nonbank retail lender and LGI Homes, Inc., one of the fastest growing home builders in the nation, is now offering full-service, residential mortgage solutions and personalized service in Arizona, Colorado and Florida. The company has plans to expand into ten additional states—Georgia, Tennessee, New Mexico, Minnesota, Oklahoma, North Carolina, South Carolina, Oregon, Washington and Alabama—during the first quarter of 2022, with six additional states coming online later in the year. As a national preferred lender with LGI Homes since 2015, we know the quality of work and high-level of service the company provides, Launching LGI Mortgage Solutions allows loanDepot to expand our relationship and service the financial needs of LGI Homes' customers, streamlining the home financing process to make the dream of homeownership a reality for even more individuals and families across the country. - Dan Peña, loanDepot executive vice president of national joint ventures LGI Mortgage Solutions also expands loanDepot's footprint in the purchase mortgage market and is an important part of the company's unique channel diversification strategy. Headquartered in The Woodlands, Texas, LGI Homes is known for its well-crafted homes and simplified buying process. The company focuses on customer feedback to ensure that they are continuously offering an outstanding product and exceptional customer service. Named the Builder of the Year in 2016 by Professional Builder Magazine, LGI Homes focuses on customer care, integrity, ethical behavior, loyalty, efficiency and profitability to ensure a consistent outstanding experience for its home buyers. Working exclusively with loanDepot through this joint venture ensures that our customers will enjoy an exceptional homebuying experience from first visit through loan close, Backed by two best-in-class companies with well-matched values and quality standards, LGI Mortgage Solutions will deliver competitive rates, superior customer service, and a transparent, streamlined mortgage process enabling industry-leading customer service and a stress-free lending experience for LGI customers. - Mike Snider, LGI Homes president and chief operating officer. About loanDepot loanDepot is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster and less stressful to purchase or refinance a home. Today, as the nation's second largest retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional and national philanthropic efforts. About LGI Homes, Inc. LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes. As one of America's fastest growing companies, LGI Homes has a notable legacy of more than 18 years of homebuilding excellence, over which time it has closed more than 50,000 homes and has been profitable every year. Headquartered in The Woodlands, Texas, LGI Homes has operations across 35 markets in 19 states and, since 2018, has been ranked as the 10th largest residential builder in the United States based on units closed. Nationally recognized for its quality construction and exceptional customer service, LGI Homes' commitment to excellence extends to its more than 900 employees, earning the Company numerous workplace awards at the local, state and national level, including Top Workplaces USA's 2021 Cultural Excellence Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation

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REAL ESTATE INVESTMENT

Jetty Partners with Gables Residential

Gables Residential | September 18, 2021

Jetty, the financial services company on a mission to make renting a home more affordable and flexible, today announced a new partnership with Gables Residential, a leader in the management and development of multifamily apartment communities. Through the partnership, Gables will roll out Jetty's security deposit replacement solution, Jetty Deposit, across the entire Gables portfolio. The rollout follows a rigorous selection process by Gables, which started with a competitive evaluation before transitioning to a pilot program across Gables-owned assets. Following a successful pilot, Gables will now make Jetty Deposit available across all owned and third-party managed communities. The implementation of Jetty will enable Gables to maximize protection relative to security deposits for all new leases while at the same time dramatically lowering move-in costs for new residents. With so much uncertainty facing renters today, using hard-earned savings on a cash deposit simply doesn't make sense, Jetty Deposit offers renters the opportunity to keep more cash in their pocket while making it possible for us to improve NOI. Through the pilot program, we saw a meaningful uptick in lease conversions while significantly increasing our levels of protection. - Greg Gasior, Senior Vice President of Operations at Gables. Jetty works with top property managers across the country to increase lease conversion rates, reduce bad debt, and streamline operations—thereby increasing net operating income. In addition to Gables Residential, partners include Greystar, LivCor, Related, MG Properties, Cortland, Griffis Residential, and many more, representing more than two million units nationwide. About Gables Residential Gables Residential is an award-winning, vertically integrated, real estate company and privately held REIT specializing in the development, construction, ownership, acquisition, financing, and management of multifamily and mixed-use communities. Gables Residential owns, develops, and manages communities in high-growth U.S. markets such as Atlanta, Austin, Boston, Dallas, Denver, Houston, South Florida, Southern California and metropolitan Washington, D.C. Gables also provides third party management services in the New York, Baltimore, Frederick, Tampa, Phoenix, Seattle, Charlotte, Central and North Florida markets.Gables manages approximately 28,000 apartment homes and approximately 275,000 square feet of retail space and has received national recognition for excellence in development, construction, management, sales, marketing, training, and benefits. These achievements reflect the impact of Gables' experienced and dedicated team members, its superior knowledge of the markets served, and its expertise in development and management. ABOUT JETTY Jetty is the financial services platform on a mission to make renting a home more affordable and flexible. Jetty's integrated suite of products helps property managers increase lease conversions, improve resident retention, reduce bad debt, and boost NOI. For renters, Jetty decreases the financial burden of moving into a new home and offers greater flexibility with how and when to pay rent.

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