New Home Sales in U.S. Dip in April

U.S. Department of Housing and Urban Development | May 24, 2019

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes fell 6.7 percent to a seasonally adjusted annual rate of 673,000 units in April 2019 after a sharp upwardly revised March 2019 report. The March sales pace of 723,000 units was the highest monthly rate since the Great Recession and the April figure was the third-highest pace.  "After a challenging final quarter of 2018, data for the start of the year shows stabilization and modest growth for home sales," said Greg Ugalde, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Torrington, Conn. "Our builder surveys show that traffic is steadily increasing. The challenge facing builders is how to deal with ongoing supply-side constraints such as a lack of buildable lots and labor that are putting upward pressure on housing costs."

Spotlight

Investing in real estate has long been a well-known method of wealth-building. Favored by many and with a myriad of options to choose from, individuals are spoilt for choice when it comes to their investment options. However, traditional real estate investment models present immense barriers to entry. Apart from the onerous burden they create in terms of regulatory procedures, the financial aspects attached to them make investing nearly unfeasible for most potential investors. For example, if you wish to own property in a foreign country, in addition to the significant capital required for the purchase of the asset, you would typically also be required to incorporate a local entity as an investing partner, due to restrictions imposed on foreign investors in most jurisdictions. Apart from this, you also need to fulfill all the statutory requirements, including but not limited to tax, accounting, and ongoing registration obligations, which have significant costs associated with them. In addition, there may be further restrictions on the type of property funds that an investor may invest in, limiting choice and access to capital.

Spotlight

Investing in real estate has long been a well-known method of wealth-building. Favored by many and with a myriad of options to choose from, individuals are spoilt for choice when it comes to their investment options. However, traditional real estate investment models present immense barriers to entry. Apart from the onerous burden they create in terms of regulatory procedures, the financial aspects attached to them make investing nearly unfeasible for most potential investors. For example, if you wish to own property in a foreign country, in addition to the significant capital required for the purchase of the asset, you would typically also be required to incorporate a local entity as an investing partner, due to restrictions imposed on foreign investors in most jurisdictions. Apart from this, you also need to fulfill all the statutory requirements, including but not limited to tax, accounting, and ongoing registration obligations, which have significant costs associated with them. In addition, there may be further restrictions on the type of property funds that an investor may invest in, limiting choice and access to capital.

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REAL ESTATE INVESTMENT

Marcus & Millichap and Project Destined Announce Expanded Partnership

Marcus & Millichap, Inc. | September 17, 2022

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today their expanded relationship with Project Destined, a leading social impact platform that provides training in financial literacy, entrepreneurship, and real estate. “It is a privilege to partner with Project Destined to further support individuals from all backgrounds who are passionate about exploring careers in commercial real estate, The participants are impressive, and the program is exceptionally well run. The mission of Project Destined aligns with Marcus & Millichap’s commitment to cultivating a strong educational foundation and providing a clear pathway to successful careers in commercial real estate.” -Richard Matricaria, executive vice president and chief operating officer, Western division, Marcus & Millichap Project Destined was founded by former Carlyle Group executive Cedric Bobo and has partnered with leading real estate firms and universities around the country to provide students from all backgrounds with paid, virtual internship opportunities where they can explore the real estate industry and ownership through live real estate deals in various cities across the United States. By joining forces with Marcus & Millichap, a revered leader in commercial real estate brokerage since 1971, we present a unique opportunity for students to gain real-time knowledge and experience at the start of their careers, Building a strong foundation together furthers our ability to provide access and resources for individuals who may not otherwise be supported. We are excited to grow our partnership with Marcus & Millichap,said Bobo. Beginning in spring 2021, Marcus & Millichap partnered with Project Destined in the San Francisco Bay Area, Chicago, Los Angeles, and Dallas, to provide participants with mentors of various levels, including executives, regional managers, and investment sales professionals, who taught intern scholars the nuances of commercial real estate. Interns benefited from an eight-week Investment Sales Bootcamp featuring an executive speaker series, specialized workshops, and scholarship opportunities. The partnership expands with the launch of Project Destined in Vancouver, Washington in fall of 2022, opening opportunity to more participants. A new Executive Speaker series will begin in October 2022. Marcus & Millichap also provides development for interested, driven individuals via the William A. Millichap Fellowship, a 24-month training and development program that progressively builds on critical research, financial analysis, marketing, and relationship-building skills. About Marcus & Millichap, Inc. Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion.

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MARKET OUTLOOK, REAL ESTATE ADVICE

Curbio Recognized for Exemplary Workplace Environment with Three Comparably Awards

Curbio | October 07, 2022

Curbio, Inc., the leading fix now, pay when you sell home improvement solution for real estate agents, brokers and their listing clients, today announced recognition from workplace culture site Comparably for its exemplary workplace environment. Curbio was selected out of 70,000 companies in three of this quarter's categories including Happiest Employees, Best Company Compensation and Best Company Perks & Benefits. Comparably awards are based on anonymous employee feedback submitted to Comparably.com within a 12-month period. Rankings were determined based on a combination of factors that contribute to employee happiness at work, including a positive work environment, satisfaction with total compensation package, satisfaction with perks and benefits, and pride in company. "It makes me incredibly proud to see Curbio being recognized by Comparably, because these rankings are based entirely on employee feedback. Curbio has always been an employee-first company. Our employees are passionate and excited by their job and Curbio's mission, and we really value and care for our employees, Knowing that our employees are feeling happy at work, and satisfied with their compensation and benefits packages, means everything to Curbio's leadership team." -Rick Rudman, CEO of Curbio This is far from the first time that Curbio has been recognized for its exemplary company culture. The company has been certified as a Great Place to Work®, was named a best place to work in Washington, D.C. by Comparably, a Next Gen 100 workplace by RippleMatch and a Top 5000 fastest-growing company in America by Inc. Magazine. Curbio CEO Rick Rudman was named a Best CEO by Comparably, and a Real Estate Newsmaker by RISMedia. Curbio has also been continuously recognized for its success as a tech-powered home improvement solution, receiving nods in HousingWire, Qualified Remodeler and Best in Biz, to name a few. About Curbio Curbio was founded in 2017 to transform the multi-billion-dollar home improvement industry and has quickly become the nation's leading pay-at-closing home improvement solution. The company partners exclusively with real estate agents and their clients to get any home ready for the market, allowing it to sell faster and for top dollar. Using technology to power their service, Curbio completes pre-listing home improvement projects of any size quickly and without hassle, from start to finish, with zero payment due until the home sells. Curbio is trusted by thousands of realtors and brokerages nationwide, and has been continuously recognized for its exemplary solution, receiving nods in HousingWire, Qualified Remodeler and Comparably, to name a few.

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MARKET OUTLOOK, BROKERAGE

The Crew Real Estate Joins The Real Brokerage

Real | September 05, 2022

The Real Brokerage Inc. (Real or the Company), an international, technology-powered real estate brokerage, today announced that The Crew Real Estate, a greater Ontario-based team, is joining its growing network of agents. Established by Ryan Campbell in 2014, The Crew brings 17 agents to Real. The highly productive team closed approximately $300 million in home transactions over the last 12 months. “We look forward to working with The Crew and expanding our Canadian presence, This team is known for actively supporting their community, and we’re excited to serve as their brokerage partner.” -Real Chairman and CEO Tamir Poleg We're excited to join Real because it allows us to align ourselves with a community of agents that shares our core values as well as our collaborative vision for the real estate industry of the future, Being a part of Real will enable us to focus on our strengths while giving our agents access to cutting-edge technology through the Real platform,Ryan said. About Real The Real Brokerage Inc. is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for homebuyers and sellers. The company was founded in 2014 and serves 44 states, D.C., and two Canadian provinces with over 6,000 agents.

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