Residential Mortgage Applications Uptick in Late July

Mortgage Bankers Association | August 07, 2019

According to the Mortgage Bankers Associations latest Weekly Mortgage Applications Survey for the week ending August 2, 2019, U.S. mortgage applications increased 5.3 percent from one week earlier.
The Market Composite Index, a measure of mortgage loan application volume, increased 5.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 5 percent compared with the previous week.

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MARKET OUTLOOK

SmartRent Announces Integration With AppFolio Property Manager

SmartRent | September 09, 2021

SmartRent, provider of smart home and smart building automation for property owners, managers, developers, homebuilders and residents, announced today it now integrates with AppFolio Property Manager, an innovative cloud-based solution designed to enable property management businesses to digitally transform their business, address critical business operations and enable exceptional customer service. The integration for customers of AppFolio Property Manager Plus, designed for larger businesses with more complex needs, enables the automated synchronization of units, leases, residents and service orders from AppFolio Property Manager with SmartRent’s Internet of Things (IoT) smart home technology. “At AppFolio we are continually looking for new ways to deliver efficiency gains that allow our customers to focus on what matters most – managing and growing their business,” said Shane Trigg, General Manager, Real Estate for AppFolio. “This integration will allow AppFolio Property Manager customers to leverage the power of smart home automation across their portfolio.” The partnership allows SmartRent to deliver its smart home and property technology to a new segment of the housing market while aligning with a technology provider similarly known for its customer-centric approach. “We’re excited to integrate with AppFolio Property Manager, which shares our focus on delivering innovative solutions to the real estate industry,” said Mitch Karren, Chief Product Officer for SmartRent. “Through this integration, we are extending our ability to serve owners and operators across multifamily and single-family properties, and we’re excited to broaden the SmartRent footprint in the industry.” About SmartRent Founded in 2017, SmartRent is an enterprise smart home automation platform company for property managers and renters. The SmartRent solution is designed to provide property managers with seamless visibility and control over all their assets while delivering additional revenue opportunities through all-in-one home control offerings for residents. For more information, please visit smartrent.com.

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MARKET OUTLOOK

New Education Subscription Option for Residential Real Estate Agents The Residential Real Estate Council Launches

prnewswire | November 04, 2020

The Residential Real Estate Council reported the dispatch of another instruction membership program that permits more private realtors to profit by the Council's debut training. The COVID-19 pandemic is changing the manner in which the land business works. The program is a reaction to shifting necessities of specialists in getting schooling that is handily burned-through and promptly open, while not ailing in esteem. Training is the way to progress and the Council's point is to engage moral and proficient realtors at all stage so of their vocation. The schooling membership was planned with those specialists that are new to the business as a primary concern. The training membership is estimated at just $19.99/month. Every month private realtors will appreciate: A New Live Webinar on opportune subjects zeroed in on business development Boundless admittance to our honor winning magazine, The Residential Specialist Magazine, that centers around land patterns, best strategic policies, and bits of knowledge for what's to come Admittance to the Council's Marketing Toolkit with apparatuses and social resources for keep your customers and future clients educated and create mindfulness ABOUT RRC & CRS Designation The Residential Real Estate Council is the largest not-for-profit affiliate of the National Association of REALTORS® comprised of more than 28,000 members. The Council supports its members with advanced education, business and networking support. It also awards the CRS Designation to experienced agents who have completed advanced professional training and demonstrated outstanding professional achievement in residential real estate.

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REAL ESTATE INVESTMENT

Houston's Welcome Group Enters South Carolina with Acquisition of Moncks Corner Industrial Property

Welcome Group | February 15, 2022

Welcome Group, the Houston-based, single-tenant real estate developer specializing in manufacturing, lab, warehouse, and distribution facilities, has acquired its first South Carolina industrial property in Moncks Corner, part of the firm's expansion into the state and other high-growth markets throughout the southeast U.S. Located on 31 acres at 2550 U.S. Highway 52, the 201,500 square-foot manufacturing and distribution center is home to Sea Fox Boats, third-generation boat builders specializing in the design and development of center-console recreational boats. When it comes to the industrial market, the Charleston area is one of the hottest in the southeast, It checks all the boxes – great demographics, job growth, cost of doing business and one of the best ports in the country." Ted Kakambouras, director of acquisitions, southeast region for Welcome Group. South Carolina ranked sixth among all U.S. states in Site Selection Magazine's just-released 2021 list of the top states for business. Kakambouras adds Welcome Group will continue to look for opportunities to acquire existing occupied properties in South Carolina in addition to North Carolina and Georgia. Welcome Group now owns a diverse portfolio of more than 130 industrial properties spanning more than 6 million square feet. Tenants range from Fortune 500 companies to emerging entrepreneurial ventures in manufacturing, healthcare, energy, technology, warehouse and distribution, and other operations. Financing for the acquisition was provided by City Bank. Brokerage services were provided by Matt Smith of CBRE. About Welcome Group Welcome Group is a leader in the development and ownership of single-tenant industrial facilities for some of the world's most respected names in business and currently owns over 6 million square-feet in Texas and the southeast U.S. The company also offers build-to-suit and design-build services for interested firms and is actively seeking direct purchase and sale-leaseback opportunities throughout Texas and the southeast United States.

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