Mortgage Rates Hit 3-Year Low in U.S.

WORLD PROPERTY JOURNAL | February 13, 2020

Freddie Mac's latest Primary Mortgage Market Survey is reporting this week that the 30-year fixed-rate mortgage in the U.S. was the lowest in three years. As rates fell for the third consecutive week, markets staged a rebound with increases in manufacturing and service sector activity," said Sam Khater, Freddie Mac's Chief Economist. The combination of very low mortgage rates, a strong economy and more positive financial market sentiment all point to home purchase demand continuing to rise over the next few months.

Spotlight

Eyal Malinger, Corporate Development Director at Countrywide Plc., shares his views on PropTech.

Spotlight

Eyal Malinger, Corporate Development Director at Countrywide Plc., shares his views on PropTech.

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HOME AND DESIGN

Veteran real estate executive jeff wochner named landsea homes' central florida division president

Landsea Homes | July 12, 2022

Landsea Homes Corporation ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that longtime and seasoned real estate executive Jeff Wochner has been named the new Central Florida Division President for the company. In his role, Wochner will oversee all homebuilding operations in Florida. "Jeff is well-equipped to lead Landsea Homes' Florida division into the future. His deep knowledge of the Florida housing market, strong relationships in the region, and passion for excellence will serve the company and our homebuyers well, He offers insightful perspective that will make him an integral part of our expansion and success in one of the strongest housing markets in the country. We look forward to having him on board." Mike Forsum, President and Chief Operating Officer, Landsea Homes A veteran real estate executive with seventeen years of industry experience, Wochner most recently served as the Florida Division President for Beazer Homes, another national homebuilder, before joining Landsea Homes. Prior to that, he served as Regional Director of Financial Planning and Analysis at Beazer Homes. Wochner began his career at Shea Homes as a Senior Financial Analyst for the Arizona division. "It is an honor to join the Landsea Homes team as the new Central Florida Division President," said Wochner. "The company has made their strong and growing presence in the Florida market well known over the last year, and I look forward to helping the team continue on that path of great success." Landsea Homes recently closed on 103 new homesites in Kissimmee, Florida in the Storey Creek master planned community. The company entered the Florida market in 2021 and has steadily grown its market share over the last year. Landsea Homes accelerated its Florida homebuilding operations further by acquiring Hanover Family Builders earlier this year, positioning Landsea Homes as the seventh-largest homebuilder in Central Florida. Landsea Homes was recently named the 2022 winner of the prestigious Builder of the Year award, presented by BUILDER magazine. Through consecutive strategic moves, the Newport Beach-based home builder saw a historical year of transformation, which landed Landsea Homes the 47th spot on the coveted Builder 100 list, along with the Builder of the Year honors. About Landsea Homes Corporation Landsea Homes Corporation is a publicly traded residential homebuilder based in Newport Beach, CA., that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation's most desirable markets. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, Florida, Texas and throughout California in Silicon Valley, Los Angeles, and Orange County. Landsea Homes was named the 2022 winner of the prestigious Builder of the Year award, presented by BUILDER magazine, in recognition of a historical year of transformation. An award-winning homebuilder that builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities, Landsea Homes is known for creating inspired places that reflect modern living and provide homebuyers the opportunity to "Live in Your Element." Our homes allow people to live where they want to live, how they want to live – in a home created especially for them. Driven by a pioneering commitment to sustainability, Landsea Homes' High Performance Homes are responsibly designed to take advantage of the latest innovations with home automation technology supported by Apple®. Homes include features that make life easier and provide energy savings that allow for more comfortable living at a lower cost through sustainability features that contribute to healthier living for both homeowners and the planet. Led by a veteran team of industry professionals who boast years of worldwide experience and deep local expertise, Landsea Homes is committed to positively enhancing the lives of our homebuyers, employees and stakeholders by creating an unparalleled lifestyle experience that is unmatched.

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REAL ESTATE INVESTMENT

REZI Launches in Austin with Rastegar Partnership

REZI | September 26, 2022

REZI, the pioneer of Occupancy-as-a-Service, has launched in Austin with a partnership with the city's leading developer, Rastegar Property Company. Rastegar is a technology-enabled private real estate investment firm focused on value-add and development in all asset classes throughout Austin and the Southwest US. The partnership between REZI and Rastegar was announced today by Sean Mitchell, Co-Founder and CEO of REZI. This deal contracts over 200 apartments across 9 buildings with floor plans ranging from studios to 3-bedrooms in West Lake Hills, Mueller, Hyde Park, Highland Heights, Clarksville, South Austin. All units will be onboarded to REZI's innovative AI-powered leasing platform, where REZI will take ownership over all marketing and leasing providing Rastegar with a turnkey guaranteed leasing solution delivering higher asset NOIs across their portfolio. "We are thrilled to be partnering with the "King of Austin Real Estate" not only because Austin is a key market for us, but Rastegar and REZI share the mission of using technology and innovation to make finding and acquiring housing fair, transparent, and accessible for everyone," - Mitchell,Co-Founder and CEO of REZI We were immediately impressed with REZI and what they have provided the previous markets in which they've launched, In just a few years, they have become a highly reputable brand with nationwide outreach and a service that aligns perfectly with our needs and philosophy,said Ari Rastegar, Founder & CEO of Rastegar Property Company. The announcement of this partnership coincides with REZI's launch of their Texas Headquarters at 1920 Mckinney Ave in Uptown, Dallas. About REZI Founded in 2016, REZI leverages state-of-the-art leasing and financial technology to improve and optimize renters' leasing experience and improve property owners' leasing performance. REZI is a privately held company based in New York City. About Rastegar Property Company Rastegar Property Company is a technology-enabled private real estate investment firm focused on value-add and development in all asset classes throughout Austin and the southwest United States. Rastegar and its affiliates have co-invested in or directly own and operate over 13.8 million square feet of real estate across projects in 13 states and 35 cities. The firm specializes in acquiring complex or undervalued assets with opportunities to create value through repositioning, redevelopment, and/or improved operational efficiencies.

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REAL ESTATE INVESTMENT

Clever Real Estate Announces Partnership with Fintech Company Total Expert

Clever Real Estate and Total Expert | August 29, 2022

Clever Real Estate, known for its service of matching home buyers and sellers with top real estate agents at a lower commission, announced it is teaming up with Total Expert, the only CRM and customer engagement platform purpose-built for modern financial institutions, to provide a seamless communication process between Clever's concierge team and its customers' loan officers. Clever provides home buyers and sellers with a white-glove service that matches them with vetted local real estate agents from major brokerages nationwide, negotiates better commission rates on their behalf, and guides them through the entire process. The integration with Total Expert will enhance these services by allowing lenders to receive updates in real-time about their borrowers, maintain fluid communication between agents and lenders, and help consumers reach their homeownership goals. "Now more than ever, consumers are looking for a trusted advisor to help them navigate current market conditions and reach their financial goals, We're excited to partner with Clever and strengthen customer relationships with timely, relevant communications." -Josh Lehr, Senior Director of Partnerships and Industry Technology at Total Expert Total Expert will provide loan officers with a 360-degree view of their customers and empower them to stay closely connected throughout the home-buying process. By leveraging data-driven insights and intelligent automation, lenders will be equipped to provide a more personalized and efficient experience to their borrowers. We are thrilled this new integration will ensure that Clever customers will enjoy an even more streamlined process and eliminate some of the stress of communicating with multiple parties that typically comes with real estate transactions, said Tony Chahal, SVP of Partnerships at Clever. These targeted customer journeys are only one step in Clever's ongoing mission to ensure that people can buy and sell real estate more easily and affordably. The news of the collaboration follows Clever's recent executive hires, as the startup company continues to see major growth and success despite headwinds in the real estate market. About Clever Real Estate Clever Real Estate was founded in 2017 with the sole mission of making buying and selling real estate easier and more affordable for everyone. Clever's primary service matches sellers and buyers with vetted local real estate agents, providing a lower rate for the client and leads for the agent simultaneously. To date, Clever's agent network includes 12,000 agents across all 50 states. About Total Expert Total Expert delivers purpose-built CRM and data-driven customer engagement solutions for more than 175 modern financial institutions. The Total Experience Platform unifies data, marketing, sales, and compliance solutions to provide a cohesive experience across the customer lifecycle. Total Expert turns customer insights into actions to increase loyalty and drive growth for banks, lenders, credit unions, and other financial services firms.

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