Redfin: New-home sales prices fall as affordability improves in Q3

Redfin | November 14, 2019

In the third quarter of the year, the nation’s home-sale prices fell by 1.5% from 2018 levels, coming in at a median of $370,300, according to a report from Redfin. The quarter’s decline, which now marks the biggest retreat since 2012, also represents the third consecutive quarter of price weakening. Redfin suggests the price decline is partly a reflection of home builders responding to buyer demand for affordability, which strengthened sales during the quarter.

Spotlight

We invite you to take a few moments to view this fast paced video that gives you a close look at what the Coldwell Banker Brand promises you in 2016! Whether it be harnessing the future of consumer engagement or utilizing the tools to always be one step ahead of the competition, you can count on Coldwell Banker to be the best brand in real estate

Spotlight

We invite you to take a few moments to view this fast paced video that gives you a close look at what the Coldwell Banker Brand promises you in 2016! Whether it be harnessing the future of consumer engagement or utilizing the tools to always be one step ahead of the competition, you can count on Coldwell Banker to be the best brand in real estate

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REAL ESTATE TECHNOLOGY

New Brand Identity to Affirm Innovation Integration and Market Leading Position of Pacificwide Real Estate and Mortgage Business Announces

prnewswire | January 04, 2021

Pacificwide Business Group, Inc., the main land administration financier and an account and home loan organization in California, declares the authority dispatch of their new Corporate Brand Identity Standards and Redesigned Logo. The rebranding mirrors the organization's objective of coordinating advancement and innovations into the business structure while developing as a market chief. As the business scaling up hugely, Pacificwide authority tries to carry the organization's capacity to the following level with a driven vision for what's to come. "The result is a finished redesign of every day business activity with bleeding edge data innovation reconciliation. Likewise, marking things, made since the organization's establishment days in 2009, are completely reproduced. "The old logo could at this point don't completely speak to Pacificwide's developing extension and incentive as a main firm in the business. It was unbending and old-fashioned, radiating the impression of the most recent decade blocks and concrete corporate.", said Pacificwide CEO Leon Le. The new changes expected to stay with the on target with the latest pattern all around the world, mirror its basic beliefs, and reaffirm their assurance to intensely push ahead paying little heed to future vulnerabilities. The development of celebrated brands moves the organization's new image personality through time. The logo expects to convey the organization's vision and objective in the following decade while adjusting to the world's latest thing, which is effortlessness, level, balanced, and borderless. Every component speaks to individuals' attitude in 2020 and forward, where everything is anything but difficult to peruse and devour, high speed, and has no constraint. Pacificwide needs to stay aware of the cutting edge world and challenge themselves with the new look, new feel. The fundamental components introduced, for example, the globe and the organization name, continue as before. They mean whatever the organization does, its main goal and basic beliefs remain the equivalent. The end of the 3D impact and the line over the name "Pacificwide" passes on the message of eradicating all impediments and provoking themselves to learn, work, and develop indefinity. Appropriately, shading and textual style are acclimated to draw out a perfect, effective, enthusiastic, and energizing vibe, much the same as how Pacificwide has consistently worked. About Pacificwide Business Group, Inc. Founded in 2009 in the heart of Silicon Valley, California, USA, Pacificwide Business Group, Inc. is a full-service real estate and mortgage company specializing in residential and commercial real estate, financial and mortgage services, real estate construction and development, new home services and property management. The secret to our success is our agents and unique culture. We are a vast network of agents with diverse backgrounds and abilities, united in a passion to serve our community. Our focus is exceptional customer service as we aim to make our client's real estate experience as seamless as possible. We are not just your real estate professionals; we are your trusted friends and neighbors within your communities.

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REAL ESTATE TECHNOLOGY

AppraisalWorks Innovates Next-Generation Real Estate Appraisal Management Technology Platform

AppraisalWorks | August 25, 2021

AppraisalWorks, a leading provider of real estate appraisal technology, today announced innovations to its flagship appraisal management technology platform. The AppraisalWorks™ platform is designed to streamline the real estate appraisal process, helping lenders and servicers achieve lower costs, faster turn times and greater transparency. The technology platform is patented under U.S. Patent 10,635,999. The latest enhancements to AppraisalWorks further automate key elements of the appraisal management process – including quote management tools for residential and commercial real estate assignments, providing direct connectivity to the Encompass LOS platform and delivering a platform for paying appraisers electronically. Benefits of these three capabilities include: Appraisal Quoting - AppraisalWorks now provides a flexible, highly configurable system for managing quotes for appraisal assignments with commercial appraisal firms and individual appraisers providing lenders with greater automation, real-time monitoring, status-driven alerts, and a detailed audit history. Elimination of manual tasks accelerates the process and provides increased transparency. Automated Appraiser Payment Module – With AppraisalWorks, lenders can easily initiate and track ACH, manual and credit card payments on all appraisal orders as well as the agreed upon vendor fees. Support for batch payments enables straight-through processing for increased efficiency. Faster payments to appraisers provide a strategic advantage in attracting the best talent for each appraisal order. In addition, credit card processing is tracked on the order and individual transaction level, providing real-time insight into payment status and the ability to customize the borrower payment experience. With AppraisalWorks, lenders can reduce payment processing workload by up to 70%, while also improving appraiser and borrower relationships. Encompass LOS Connectivity – The seamless integration between AppraisalWorks and Encompass allows lenders to order, assign, monitor, and review real estate valuations, from a marketplace of AMCs and appraisers, directly through the Encompass Digital Lending Platform – driving quality and efficiency in the loan origination process and standardizing the vendor and borrower experience. AppraisalWorks is one of the first appraisal management platforms to offer direct connectivity through Encompass’ new APIs eliminating administrative overhead and accelerating turn times. AppraisalWorks is designed to be collaborative – bringing together all stakeholders in the appraisal process to improve efficiency, turn times and accuracy. Lenders, borrowers, processors, appraisers and the quality control team benefit from real-time communications, on-demand access to appraisal information and complete transparency throughout the appraisal process. “As lenders and servicers look for an edge in accelerating appraisal turn times, efficiency and cost reduction are critical, as is the need to maintain strong security and compliance practices,” said Mike Cullen, CTO of AppraisalWorks. “The AppraisalWorks technology platform helps streamline appraisal processes, improve adherence to compliance regulations and lower costs – while also providing a better borrower experience. Our customer-centric approach to continuous technology innovation makes AppraisalWorks a top choice for lenders and servicers who are looking for greater efficiency and a strategic advantage.” About AppraisalWorks AppraisalWorks is a cloud-based appraisal management technology platform that enables banks, credit unions, loan servicers and mortgage lenders to order, manage, maintain, and analyze real estate appraisals and collateral valuations. Through its Community and Enterprise versions, AppraisalWorks improves process efficiency, ensures regulatory compliance, and facilitates collaboration among lenders, borrowers, processors, appraisers, and the quality control team – significantly improving loan turnaround time, reducing cost per loan, and enhancing the borrower experience. AppraisalWorks is patented under U.S. Patent 10,635,999.

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REAL ESTATE TECHNOLOGY

Kontakt.io Integrates with IBM TRIRIGA to Transform Real Estate Management with Near Real-Time, AI-Driven Space Occupancy

IBM TRIRIGA | September 28, 2021

Kontakt.io, a global leader in Bluetooth™ powered IoT solutions, announced an integration with IBM's AI-powered workplace management systems to deliver near real-time occupancy solutions that help address the challenges of today's workspaces, driving better realty planning, improved employee experience and enabling resilient, flexible workplaces. The integration of Kontakt.io- with IBM TRIRIGA is expected to deliver AI-powered utilization insights across portfolios, near-real time occupancy monitoring and space management tools supporting existing IoT infrastructure already used in many offices, for example Cisco's Catalyst and Meraki access points. Facility operators face mounting pressures to increase realty utilization and cut costs in a world of uncertainty and new workplace flexibility are creating the need for new technologies in the workspace - a need this collaboration between IBM TRIRIGA and Kontakt.io plans to address. New requirements around workplace health and building carbon footprint reduction are just some of the challenges indoor IoT solutions are here to help solve. - Mr. Rom Eizenberg, CRO at Kontakt.io IBM TRIRIGA Building Insights delivers AI-powered utilization insights by leveraging IoT data and TRIRIGA Space Management plans. Enterprises can collect and connect data from multiple IoT technologies including Kontakt.io's Bluetooth® Low Energy (BLE) room sensor and smart employee cards. Kontakt.io's nine-in-one Portal Beam room sensor for example, allows for LIVE space occupancy monitoring, at chair, desk, room and floor level, while at the same time supporting mobile phone indoor navigation, and monitoring of light, air quality, temperature, humidity, carbon monoxide and other environmental data. Kontakt.io also anonymizes data and uses thermal sensing for occupancy monitoring - without capturing or storing employee images to help address privacy. Through this collaboration, IBM expects to be able to expand on current plug-and-play indoor IoT solutions available to TRIRIGA customers, advancing the vision of Smart Buildings and the connected versatile work environment. Adding near real-time, room-level location occupancy and environment monitoring capabilities is a demand that frequently comes from the field. About IBM TRIRIGA IBM TRIRIGA® is an intelligent real estate and facilities management solution. Through the smart application of data, IoT and AI, TRIRIGA can help customers unlock key information and insights, and gain greater visibility into space and facility utilization, occupant experience, capital projects, and lease administration and accounting. With TRIRIGA, customers can get the most out of their real estate investments regardless of size, scale and configuration. About Kontakt.io Kontakt.io Inc. is the global leader in Bluetooth™ powered IoT solutions supporting more than a thousand partners and over 22,000 end-users with products and solutions that connect people, locations and things. Their cloud services and managed IoT device solutions help enterprises eliminate inefficiencies, improve productivity and increase workplace safety. Kontakt.io delivers solution components and complete, turn-key, cloud-managed solutions that enable customers to quantify buildings and better understand how people, things, workspaces and the environment interact. From healthcare to smart buildings, they manage millions of BLE IoT devices deployed in buildings across the globe.

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