New U.S. Home Sales Dip 12 Percent Annually in July

National Association of Home Builders | August 27, 2019

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family U.S. homes fell 12.8 percent to a seasonally adjusted annual rate of 635,000 units in July 2019, off a strongly revised upward reading in June 2019. On a year-to-date basis, new home sales for 2019 are 4.1 percent higher than the same period in 2018.

Spotlight

Real estate investment requires strategic asset allocation to maximize returns. Learning the asset allocation process helps improve portfolio performance.

Spotlight

Real estate investment requires strategic asset allocation to maximize returns. Learning the asset allocation process helps improve portfolio performance.

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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

ProprHome Launches Partnership with Metaverse Company to Offer Digital Twin Real Estate Viewings

Globenewswire | April 25, 2023

ProprHome, a Portugal-based blockchain-powered real estate marketplace, has announced an exclusive partnership with a US-based metaverse company, Odyssey. Together, they will provide a metaverse solution that enables customers to view properties immersively. With this partnership, ProprHome aims to provide a more trusted and convenient real estate experience, building on its mission to offer property developers, owners, and agents a new way to earn trust and credibility in every sales interaction. ProprHome is focused on personal brand building and accountability, enabled by the fact its platform is developed on XRP Ledger. The company is currently operating in Lisbon, where it has created a digital twin of the city. Through its partnership with Odyssey, ProprHome is now offering digital twin design services to real estate developers to enhance their sales process off-plan, or under construction developments. Within the platform, each stakeholder, including customers, can view the property in an immersive way, and in some cases fully customize the interior. The platform also offers you your very own non-custodial wallet, which is embedded in the site. This wallet enables customers to add their credit cards, bank details, or even purchase via XRP, its supported cryptocurrency. Once the customers like the property, they can reserve it by making a reservation payment. This feature benefits developers, by offering them a faster way to process new sales, as the first 24-48 hours of a development launch are often highly active. With this immersive experience, developers can sell the majority of their off-plan stock four to five times faster than with traditional methods. The technology also allows customers to truly view properties from anywhere in the world. With a representative view from different levels and floors, customers can see the apartment's orientation, and even the amount of daylight and shadows it might receive thanks to the Unreal Engine technology that powers the platform. ProprHome's ultimate goal is to provide an end-to-end marketplace solution for the industry. The company has a six-stage roadmap, and is already delivering on three stages: developing a rewards-driven platform, payment rails and NFT utility. Stage four is now focused on metaverse integration and immersive experiences, with stage five to follow; integrating secure document management. According to the CEO of ProprHome, "Our core business is a marketplace that's inclusive for everyone. We promote real estate agents, property developers, and direct owners to advertise on our platform. This partnership is a significant step toward the future of the real estate search and discovery experience, and we believe the solution we provide will greatly enhance how many people enter the market. By creating digital twins of cities, and properties, it enables developers to secure sales faster, and for customers to have more visibility. This partnership will undoubtedly transform the real estate industry and pave the way for a more seamless and convenient future to property search and discovery." AboutProprHome ProprHome is a property marketplace developed on XRP Ledger that offers real estate agents, property developers and owners a new way to earn trust and credibility in each sales interaction. Focused on personal brand building and accountability, ProprHome's goal is to enable a more trusted real estate experience making the process easy and convenient for everyone.

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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

SkySlope releases SkySlope Forms mobile app for iOS to enable REALTORS® to manage transactions from anywhere

PRnewswire | April 03, 2023

SkySlope, one of the proptech industry's most trusted transaction management providers, has launched its new iPhone app for SkySlope Forms, to make it simple for REALTORS® to prepare and manage real estate forms digitally. The app allows real estate deals to keep moving forward — even while agents are on the go. SkySlope Forms includes libraries licensed to SkySlope by REALTOR® associations and MLSs. Every form is mapped with editable fields that can be adjusted by agents directly in the app. "We live in a world where mobile solutions are critical to our agents' success," says SkySlope CEO Tyler Smith, "With agents' work locations becoming more flexible, the Forms app allows them to evolve their workflow and take their work anywhere." An easy-to-use interface empowers agents to keep transactions up-to-date, organized, and constantly tracking forward. To reduce errors and ensure an excellent client experience, transactions can be edited at a moment's notice — not saved for a return to the office, optimizing how and where agents spend their time. SkySlope has long been a leader in the digital transaction management space. Founded in 2011, SkySlope serves over 650,000 real estate professionals and manages almost 3 million transactions annually. Consistently earning high marks for its ease of use and exemplary customer service, the SkySlope Forms app promises to further advance the company's technological foothold. "Perhaps most exciting about the SkySlope Forms app is — big picture-wise — it's going to create a usable platform for us to begin incorporating future-forward tech like writing an offer via voice assist," says Smith. "Our goal at SkySlope is always to get agents out from behind a screen and in the field as much as possible. This is just the beginning." The SkySlope Forms app will be available in the Apple app store. An existing SkySlope Forms account is required to access the app. About SkySlope Established in 2011, SkySlope is the customer experience platform managing real estate transactions from contract to close. Serving over 450,000 real estate professionals across the U.S. and Canada, SkySlope manages nearly 3 million transactions annually. SkySlope is on a mission to build solutions that reshape the real estate industry by creating the most powerful autonomous transaction platform. For more information, visit SkySlope.

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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

Greystar Announces Launch of Ltd. Brand to Address Need for Attainable Housing

PRnewswire | May 29, 2023

Greystar Real Estate Partners, LLC ("Greystar"), a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, today announced the launch of a new dedicated brand, Ltd. by Greystar ("Ltd."). Ltd. will exclusively focus on Greystar's impact housing product, delivering more attainable housing opportunities for key populations affected by the lack of rental options in the United States. Working in tandem with Greystar's recently opened Modern Living Solutions ("MLS") factory – Greystar's modular construction business focused on building off-site, prefabricated modular apartments sustainably and at an attainable price point – Ltd. will allow for the building and operating of essential housing communities at scale. To achieve this goal, Ltd. guarantees not to increase rents by more than the greater of CPI or 3%, providing "certainty of housing" for existing residents. "Over the course of my career, I have seen the incredible need for attainable housing options across the United States," said Bob Faith, Founder, Chairman, and CEO of Greystar. "We are excited for the opportunity to apply our platform and our culture of innovation to build housing supply that offers an attainable, high-quality experience for renters while also serving as an attractive proposition for both Greystar and our partners." "What we're doing with our newly created Ltd. brand is a game-changer for renters who want to live in a Greystar-managed community and for an industry that needs more housing supply," said Scott Berka, Senior Managing Director, Brand and Customer Experience. "When you consider how big the challenge at hand is, I'm proud to be part of a team that's willing to throw out the rulebook and challenge ourselves to make a true impact while delivering the Greystar-level experience people should have. Through this effort and our Ltd. brand, we're at the start of a great journey." All Ltd. branded communities will have standard amenities appropriate for their location, including community pools and gyms, among other options. Additionally, cutting-edge technology packages in multi-family will be included in each Ltd. community and apartment, with property-wide high-speed internet, smart locks, and resident apps that streamline everything from maintenance requests to guest access. This package of amenities and innovative technology helps to set Ltd. communities apart from most of the existing attainable supply in the United States. Greystar currently has 5 Ltd. branded projects underway across 4 cities, with approximately 1,600 units expected to come online in the next 18 months. The first Ltd. community, Ltd. Med Center, in Houston, Texas with 378 units is now in lease-up and more information can be found here. About Ltd., by Greystar Ltd. by Greystar is Greystar's dedicated brand focused on impact housing that offers cost certainty for residents. Ltd. branded communities will limit future rent increases, not raising rents by more than the greater of the CPI or 3%. An Ltd. community combines the opportunity to live in a high-quality, professionally managed Greystar apartment with the comfort of cost certainty, emphasizing value for our residents. To learn more, visit https://ltd.greystar.com/. About Modern Living Solutions, by Greystar Modern Living Solutions is a leading, fully integrated modular construction company offering expertise in the design, development, and delivery of modular construction residential real estate products. Headquartered in Baltimore, MD, with its state-of-the-art offsite manufacturing facility in Knox, PA, Modern Living Solutions develops thousands of modular products on behalf of dedicated partners and capital annually. Modern Living Solutions was founded in 2020 with the intent to become a provider of world-class services in the modular construction residential real estate business. To learn more, visit https://www.modsbymodern.com. About Greystar Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, development, and construction services in institutional quality rental housing, logistics, and life sciences sectors. Headquartered in Charleston, South Carolina, Greystar manages and operates more than $275 billion of real estate in 238 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages more than 803,000 units/beds globally, and has a robust institutional investment management platform comprised of more than $74 billion of assets under management, including nearly $32 billion of development assets. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

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