Total U.S. Homeowner Equity Hits Record $15.8 Trillion in 2019

CoreLogic | July 19, 2019

According to a special report by CoreLogic titled The Role of Housing in the Longest Economic Expansion which analyzes the U.S. housing markets impact on the latest 121-month economic expansion rising from June 2009 through July 2019 - states that U.S. employment rates typically have a positive impact on the housing economy as it can lead to an increase in potential home buyers and a decrease in negative.

Spotlight

Edina Realty is a Berkshire Hathaway affiliate and a wholly-owned subsidiary of HomeServices of America, Inc. It is one of the nation’s largest real estate companies with more than 75 real estate offices

Spotlight

Edina Realty is a Berkshire Hathaway affiliate and a wholly-owned subsidiary of HomeServices of America, Inc. It is one of the nation’s largest real estate companies with more than 75 real estate offices

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HOME AND DESIGN

HomeStars Launches Home Renovation Flexible Refinancing in Partnership with Perch To Help Canadian Homeowners Bring Their Dream Home to Life

HomeStars | May 19, 2022

HomeStars, Canada’s largest network of verified home service professionals, is proud to announce a new partnership with Perch, a technology platform offering homebuyers and homeowners the financial insights they need to build wealth through real estate. This first-of-its-kind partnership will help homeowners find flexible refinancing solutions to fund their renovation and home improvement needs. Through the new partnership, HomeStars offers a refinancing option to Canadian homeowners looking to make home renovations, repairs, or improvements. Homeowners can now receive cash based on the equity in their homes and use these funds for home improvement projects. We couldn’t be more excited to partner with Perch and offer Canadian homeowners flexible refinancing options to fund their home renovations. It’s been a difficult year for Canadians, with the volatile housing market and economic pressures making purchasing newer homes less accessible and forcing many Canadians to stay in their homes longer. This partnership will allow homeowners to increase the value of their homes and make the much-needed improvements to their homes. This is a great opportunity to provide Canadians with an alternative to financing to give them continued comfort in their homes and live in a space they’re proud of.” Shir Magen, CEO of HomeStars The 2021 HomeStars Reno Report reported that 20 percent of Canadians needed financial assistance to execute home renovations, and many put off home improvements due to the daunting costs associated. With the current market volatility, its expected more Canadians will be financially stretched. HomeStars met this growing financial need by partnering with Perch to empower Canadians to execute their home renovations without the upfront investment. Whether it’s Canadians choosing to age in place, convert their home to one that can be multi-generational, or reinvest in their current property due to the current housing market, through this new partnership, homeowners will be able to get quality work done through vetted professionals with a lower financial impact on their monthly budget. Homeowners can access the Perch refinancing calculator on https://homestars.com to help understand their borrowing power while starting a HomeStars service request. After entering your current property value and mortgage information, homeowners will have the ability to view the results and either begin the pre-approval process or chat with a Perch advisor. Once your loan is finalized and you are matched with a verified pro, you can leverage the funds towards your dream home project with a reputable pro. “Perch’s analytics help Canadians get pre-approved for their mortgages and give them insights to understand exactly how much they can afford,” says Alex Leduc, Founder & CEO of Perch. “We saw a connection to the HomeStars online home services platform, and we’re very excited to be working with them. Together, we can help homeowners reach their goals faster.” By leveraging Canada’s largest network of verified home service professionals, HomeStars allows Canadians to choose qualified professionals in their area and have a clear line of sight into home service professionals' ratings and quality of work. Canadian homeowners are well equipped to hire right the first time with a proprietary star score, verified background and finance checks, and manually verified reviews. About HomeStars HomeStars is Canada's largest network of verified and community-reviewed home service professionals. HomeStars empowers Canadian homeowners to hire right the first time for home renovations or repairs by connecting project-ready homeowners with the best pros in their neighborhood. In 2021, 8 million homeowners visited HomeStars looking for a pro for their next home improvement project. HomeStars was created in 2006 to relieve Canadian homeowners’ anxiety and put their minds at ease knowing they’ve hired a vetted, highly rated home service professional. With three distinct trust metrics, HomeStars gives Canadians the confidence of hiring right the first time, can vet pros recommended to homeowners, and allows for searching and requesting for specific home service professionals. HomeStars is based in Toronto, Ontario, and is an operating business of Angi.

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REAL ESTATE TECHNOLOGY

Realtor.com Seller's Marketplace Adds Four New Selling Options

Realtor.com | May 11, 2022

Realtor.com announced the expansion of its Seller's Marketplace, adding four new selling options and expanding its reach throughout the U.S. Seller's Marketplace presents homeowners with information about more selling options than any other real estate search site, allowing them to compare information and choose the option that works best for them. Seller's Marketplace has grown traffic by more than 300% year-over-year for Q3 while providing highly qualified leads to our industry partners and agents. In addition to the 5 seller offerings already available from companies such as EasyKnock, HomeGo (New Western Company), Knock and WeBuyHouses.com, as well as listing with an agent, homeowners can now view selling options from Flyhomes, Orchard, Reali and Swift Home Solutions. With just a few clicks, homeowners can see which of these are available in their area and compare estimates for sale price, timeline, and more with no upfront cost or commitment. Since launching in 2020, Seller's Marketplace has had tremendous momentum and we're proud to add more great selling options to help homeowners understand all the different ways to sell a home. We want to empower homeowners to take control of their home sale and be able to compare more options than ever before – all in one place." Marissa Mierow, vice president of product, Realtor.com Seller's Marketplace now includes: List on the open market with an agent Buy Now, Sell Later Sell with Ease Sell Now, Move Later Sell in Any Condition In today's competitive housing market, alternative selling and financing solutions have gained popularity as ways to sell a home quickly, compete and win in bidding wars, unlock home equity, and even provide flexibility for tricky circumstances. Realtor.com is the only national home search site that lets people compare different selling options and empowers them to find the right fit with just a few clicks. Real estate agents also continue to benefit from Seller's Marketplace through many of the solutions offered by Seller's Marketplace providers as well as from referrals from the Realtor.com network. "Everyone's situation is different and Realtor.com wants to provide important information and connect homeowners with providers in the financing and selling spaces, so that they can weigh their options and make the best decision for themselves and their families," added Mierow. About Realtor.com Realtor.com makes buying, selling, renting and living in homes easier and more rewarding for everyone. Realtor.com pioneered the world of digital real estate more than 25 years ago, and today through its website and mobile apps offers a marketplace where people can learn about their options, trust in the transparency of information provided to them, and get services and resources that are personalized to their needs. Using proprietary data science and machine learning technology, Realtor.com pairs buyers and sellers with local agents in their market, helping take the guesswork out of buying and selling a home. For professionals, Realtor.com is a trusted provider of consumer connections and branding solutions that help them succeed in today's on-demand world. Realtor.com is operated by News Corp subsidiary Move, Inc.

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REAL ESTATE INVESTMENT

JPAR® - South Florida Living Expands with Acquisition of Signature Invest Realty LLC

JPAR | June 08, 2022

JPAR® – South Florida Living is pleased to announce the expansion of its Florida operations with the recent acquisition of Signature Invest Realty LLC. Owners, Chris, Lisa, and Michael Schlitz and Jeremy Constantino acquired Signature Invest Realty of Orlando on June 3, 2022. We're thrilled to welcome Jose Vega and Signature Invest Realty to our growing organization. Jose and his team of sales professionals complement our vision for expansion in the Florida market." Chris Schlitz, CEO, JPAR® – South Florida Living JPAR® – Real Estate is one of the fastest growing 100% commission brokerages in the United States and continues its impressive growth by offering a best-in-class technology and marketing platform and its commitment to positioning the agent at the center of each transaction. "Chris, Lisa and Michael Schlitz are a shining example of what we mean when we talk about JPAR® being built by, and for, influential industry leaders," said Laura O'Connor, President and COO, JPAR® Franchising. "We are proud that they chose us as their franchise partner. They invest the time and effort to understand, train and articulate the brand value to agents, teams and other owners that are looking to further their professional growth. Their growth in both the Greater Atlanta, Georgia and Florida markets can be attributed to their commitment to the agents and communities they serve. Our heartfelt thanks and congratulations on their continued growth and success." JPAR® – Real Estate is both a Top 50 Real Estate Broker and Top 10 U.S. Hottest Business Franchise. "With today's competitive marketplace and ever-evolving technology, JPAR® provides the cutting edge tools necessary for our agents to successfully compete and advance their real estate careers while continuing to deliver exceptional customer service," said Jose Vega, Broker/Owner, Signature Invest Realty. JPAR® – Real Estate brokerage and franchise operations continue to expand throughout the United States, now serving home buyers and sellers from 65 offices throughout 26 states with more than 3,600 real estate professionals. According to Lisa Schlitz, COO, JPAR® – South Florida Living, "JPAR® – South Florida Living is expanding its footprint not only in Palm Beach, but throughout the state by acquiring high quality brokerages like Signature Invest Realty." About JPAR® - Real Estate JPAR® - Real Estate and JPAR® Franchising is a full-service real estate brokerage and franchise platform offering a highly competitive transaction fee-based model and agent-centric culture. The JPAR® platform provides agents 7 day-per-week broker support, physical office locations, a comprehensive open architecture tech stack, marketing, lead generation, training, coaching, mentoring and agent health care. The company serves more than 3,600 agents operating in 65 offices across 26 states.

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