Most Competitive U.S. Neighborhoods for Homebuyers in 2019 Revealed

WORLD PROPERTY JOURNAL | December 27, 2019

According to new research by Redfin, the San Francisco Bay Area neighborhood White Oaks is the most competitive neighborhood of the year for homebuyers. Alger Heights in Grand Rapids, MI and East Arlington in Boston rounded out the top three competitive neighbourhoods. "While neighborhoods in the Bay Area and Boston are still among the most competitive in the country, robust competition for homes in Grand Rapids, Minneapolis and Tacoma neighborhoods signals the desirability of more affordable areas," said Redfin chief economist Daryl Fairweather. "An influx of buyers from more expensive neighborhoods contributes to competition in these affordable neighborhoods, especially because they can make higher offers than local residents when they sell their previous homes." Of the 10 Bay Area neighborhoods among the most competitive in the country, half are in Oakland. Although the median sale price in Oakland is more than double the national median--$720,000 versus $312,000 for the typical home in the U.S. in November--it's still well below that of San Francisco ($1.4 million) and San Jose ($1.1 million).

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Real Estate Asset Management's complexity and impact on portfolio performance have affected businesses and investments. Explore insights to simplify the process.

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Real Estate Asset Management's complexity and impact on portfolio performance have affected businesses and investments. Explore insights to simplify the process.

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MORTGAGE AND LENDING, BUYING/SELLING

Best Egg and AppFolio to Offer Renters a Flexible and Personalized Payment Solution

PRnewswire | April 28, 2023

Best Egg, a financial platform that offers simple solutions to help people with limited savings confidently navigate their everyday financial life, has announced a strategic partnership with AppFolio, Inc., a leading provider of cloud business management solutions for the real estate industry. Best Egg, which is owned by Marlette Holdings, Inc. will be integrating its Flexible Rent solution into the AppFolio Property Manager resident portal. This integration will provide more than seven million renters across the U.S. with a flexible and personalized rent payment option without the need to leave their resident portal. "Our partnership with AppFolio is a critical step in making Flexible Rent available to more renters throughout the U.S.," said David Sullivan, Managing Director of Flexible Rent at Best Egg. "With this partnership, Best Egg and AppFolio are paving the way for a more flexible and personalized future of rent payments, making it easier for renters to manage their finances and live with greater financial confidence." Starting in the second quarter of this year, residents whose property manager uses AppFolio Property Manager can choose Best Egg Flexible Rent as a payment option directly from the resident portal. Flexible Rent enhances both the renter and the property manager experience. At no additional cost to property managers, Flexible Rent gives property managers peace of mind that rents are received on time. Additionally, Flexible Rent offers property managers an innovative and diversified approach to receiving rents that is appealing to renters valuing financial flexibility. This convenient payment solution provides renters with the flexibility to divide their rental payments into smaller, more manageable amounts that can be paid throughout the month. With this option, renters can easily take charge of their finances and reduce the financial strain associated with paying one of their most significant recurring expenses. "We are excited to partner with an outstanding team of accomplished innovators at AppFolio to offer renters and multifamily property managers a seamless and innovative payment solution," said Brady Nolan, Chief Business Officer of Flexible Rent at Best Egg. "AppFolio and Best Egg share a commitment to leading the industry forward. Together, we expect to revolutionize the rent payment experience for millions of renters, promoting greater financial balance each month." About Best Egg Owned by Marlette Holdings, Inc., Best Egg is the leading financial confidence platform that provides flexible solutions to help people with limited savings confidently navigate their everyday financial lives. Best Egg supports customers through a growing suite of personal loan, credit card, flexible rent, and financial health tools. Leveraging real-time customer insights and data engineering, Best Egg gives more people access to the resources they need to be money confident. For more information, visit www.bestegg.com. About AppFolio, Inc. AppFolio, Inc. is a leading provider of cloud business management solutions for the real estate industry. Our solutions enable our customers to digitally transform their businesses, address critical business operations and deliver a better customer experience. For more information about AppFolio, visit www.appfolioinc.com.

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MARKET OUTLOOK, REAL ESTATE INVESTMENT

Tishman Speyer's The Spiral Earns CoStar's Commercial Development of Year Honors

PRnewswire | April 04, 2023

Tishman Speyer today announced that The Spiral, its recently-completed West Midtown office tower, has won the 2023 CoStar Impact Award for best commercial development in the New York City region. The CoStar Impact Awards recognize exemplary commercial real estate transactions and projects completed in 2022 with significant influence in neighborhoods across 128 major markets in the United States, Canada and the United Kingdom. Designed by BIG-Bjarke Ingels Group, The Spiral rises to 1,031 feet and features a cascading series of landscaped terraces and hanging gardens as its signature element. The terraces ascend one per floor in a spiraling motion to create a unique, continuous green pathway that wraps around the façade of the tower, supplying its occupants with readily accessible fresh air and outdoor space. 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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

RESAAS Enters into Partnership with Rocket Mortgage Canada

PRnewswire | April 20, 2023

RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), ("RESAAS" or the "Company"), a leading provider of technology solutions for the Real Estate Industry, has announced a preliminary partnership with Rocket Mortgage Canada. Rocket Mortgage Canada is a digital mortgage broker, using technology to deliver a revolutionized mortgage process. The partnership introduces a unique way for real estate agents to add value to clients by offering access to a simplified mortgage process through Rocket Mortgage Canada. "Exclusive real estate data gathered by RESAAS shows real estate agents generate higher referral fees when referring clients that are pre-approved for a mortgage," said Tom Rossiter, CEO of RESAAS. "RESAAS has selected Rocket Mortgage Canada because its digital experience is complimentary with RESAAS's technology-forward solution. Our goal is simple: to enable RESAAS agents to pre-qualify their clients quickly for the best mortgage products and lowest rates available." "As a fintech company, Rocket Mortgage Canada understands the value of a digital experience to help simplify the mortgage process for both clients and their real estate agents," said Hash Aboulhosn, President of Rocket Mortgage Canada. "That's why this partnership with RESAAS makes sense – their technology for the real estate professional provides yet another digital touchpoint on our way toward fully digitizing the mortgage process." Under the terms of the one-year agreement signed on March 1, 2023, Rocket Mortgage Canada and RESAAS will share the revenue generated via the partnership from all new mortgages, mortgage renewals and refinances. About Rocket Mortgage Canada Rocket Mortgage Canada is a digital mortgage broker and a part of Rocket Companies (NYSE: RKT). Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer technology brands including Rocket Mortgage, LLC, one of the largest mortgage lenders in the U.S. Founded in 2020, Rocket Mortgage Canada aims to transform and modernize the mortgage experience in Canada by providing a streamlined process for individuals looking to purchase a home or refinance their mortgage. Rocket Mortgage Canada's mortgage agents aim to deliver the highest level of client service. For more information, or to apply for a mortgage, visit RocketMortgage.ca. 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.

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