Record-Breaking Housing Market Continues: Prices Climb 11%, Pending Sales Up 15%

prnewswire | August 25, 2020

Home prices and year-over-year price gains hit another high as prices continued to rise during a time of year that they usually decline, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Pending home sales are also way up from 2019. The fact that the market is so steady continues to be a surprising sign of strength during a time of major economic uncertainty. For the week ending August 16, the seasonally adjusted Redfin Homebuyer Demand Index was up 29% from pre-pandemic levels in January and February. Prices are still showing no signs of the typical seasonal slowdown. The median price of homes that sold during the four-week period ending August 16 was up 11% year over year—the largest increase in over six years—to a new all-time high of $316,375. In the last week of the period, prices were up 14% from a year earlier.

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CBRE shares its story of moving to its new global headquarters in Downtown LA, a creative office which facilitates an entirely new way of working.

Spotlight

CBRE shares its story of moving to its new global headquarters in Downtown LA, a creative office which facilitates an entirely new way of working.

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REAL ESTATE TECHNOLOGY

HINES ANNOUNCES LAUNCH OF TAX-ADVANTAGED PLATFORM

Hines | September 21, 2022

Hines, the global real estate investment, development, and property manager, announced today the launch of Hines Real Estate Exchange (HREX), a platform designed to serve qualified investors interested in tax-advantaged investment opportunities. The platform intends to make 1031 exchange opportunities available to investors in the form of interests in Delaware Statutory Trusts (DSTs) holding assets sourced from Hines Global Income Trust (HGIT). HGIT will have an option to acquire the properties held by the DSTs. The HREX platform is intended to provide participants with a solution to aid in the deferment of capital gains and other taxes while providing them with the opportunity to diversify real estate holdings through the ownership of institutional-grade assets. "Hines Real Estate Exchange is a natural progression for the firm, Given the strong market demand for 1031 exchange products and Hines' vast experience and expertise as sponsor of HGIT, we believe the time is right to launch this initiative." -Alfonso Munk, CIO of the Americas and president of HGIT Many exchangers are eager to capitalize on existing pricing environments. A growing number of financial professionals are requesting DSTs to offer their clients tax-advantaged solutions on their platforms, said Mark Earley, CEO of Hines Securities, Inc. HGIT features a $3.8 billion portfolio of commercial real estate investments that is nearly two- thirds weighted toward the industrial and living sectors. HGIT is diversified by geography and real estate sectors, with a focus on stable assets with strong long-term income potential. About Hines Global Income Trust Hines Global Income Trust, Inc. is a public, non-listed real estate investment trust sponsored by Hines. It commenced operations in 2014 and invests in commercial real estate investments located in the United States and internationally. About Hines Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 285 cities in 28 countries. Hines oversees investment assets under management totaling approximately $90.3 billion¹. In addition, Hines provides third-party property-level services to 373 properties totaling 114.2 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,530 properties, totaling over 511 million square feet. The firm currently has more than 198 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world.

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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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MORTGAGE AND LENDING

EMM Loans Partners with SimpleNexus to Drive Operational Efficiency and Boost Loan Revenue

SimpleNexus | September 30, 2022

SimpleNexus, an nCino company and developer of the leading U.S. homeownership platform for loan officers, borrowers, real estate agents and settlement agents, announced today that EMM Loans has chosen SimpleNexus’ Nexus Engagement™ and Nexus Origination™ to power an electronic mortgage experience, attract and retain top talent and garner more business for its retail, wholesale, correspondent and consumer direct lending channels. Founded in 2004, EMM Loans is a New Jersey-based lender offering private, direct and affordable mortgage loans. With 91 loan officers licensed in 38 states, EMM Loans provides best-in-class customer service using innovative technology. EMM Loans selected SimpleNexus to streamline its homebuyer experience, attract new business and drive referrals from real estate professionals. EMM Loans will leverage SimpleNexus as a recruiting and retention tool, using its mobile lead engagement tool, Nexus Engagement, and its from anywhere point-of-sale (POS) platform, Nexus Origination, to support collaboration with real estate agents and deliver a better borrower experience. SimpleNexus integrates with EMM Loans’ core technology stack, including its loan origination system (LOS), market analytics and product pricing engine (PPE) and customer relationship management (CRM) platform. “At EMM Loans, we support our expert team by giving them the innovative tools they need to attract more business and build lasting relationships, SimpleNexus creates some of the strongest digital homebuying tools for mortgage lenders. Adopting its technology will allow our loan originators and real estate partners to provide a streamlined homebuying journey that converts more borrowers and wins customers for life.” -EMM Loans Senior Vice President Brad Miller SimpleNexus is thrilled to partner with EMM Loans, a mortgage lender that cares about the experience of its team members and the communities it serves, We look forward to the opportunity to support the exemplary service and award-winning company culture that EMM Loans is known for,said SimpleNexus CEO Ben Miller. About SimpleNexus SimpleNexus, an nCino company, is an award-winning developer of mobile-first technology for the modern mortgage lender. U.S. lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate professionals, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world’s Best Workplaces for Innovators.

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