U.S. Multifamily Lending Spiked 19 Percent in 2018 to Record High $339.2 Billion

Mortgage Bankers Association | September 30, 2019

According to the Mortgage Bankers Association's annual report of the U.S. multifamily lending market, favorable market conditions helped spur a 19 percent increase in multifamily lending in 2018 to a new high in dollar volume. Last year, 2,669 different multifamily lenders provided a record $339.2 billion in new mortgages for apartment buildings with five or more units. Forty-five percent of the active lenders made five or fewer multifamily loans over the course of the year.

Spotlight

Local Demographics provides up-to-date and meaningful insights into the population living around a location or in any defined area within the U.S. and Canada. This widget allows MLSs, brokerages, and end users to learn more about a specific location and its demographics.

The new SDK exists as an out-of-the-box solution ready for implementation that requires minimal development and design effort.

Using Local Demographics, real estate players can integrate and display information on their listing site to allow home buyers and renters to better understand the area where their property of interest is located.

Spotlight

Local Demographics provides up-to-date and meaningful insights into the population living around a location or in any defined area within the U.S. and Canada. This widget allows MLSs, brokerages, and end users to learn more about a specific location and its demographics.

The new SDK exists as an out-of-the-box solution ready for implementation that requires minimal development and design effort.

Using Local Demographics, real estate players can integrate and display information on their listing site to allow home buyers and renters to better understand the area where their property of interest is located.

Related News

REAL ESTATE TECHNOLOGY, AGENT

RentSpree and SkySlope Partner to Enhance Tech Capabilities for Rental Agents

PRnewswire | March 20, 2023

RentSpree, the industry's premier end-to-end rental management software provider, announced its latest partnership with SkySlope, a full-service transaction management solution recently named one of the top 20 proptech companies of 2022. Integrating RentSpree's online standard rental application and screening platform with SkySlope's transaction management capabilities will help agents save time and streamline the rental process even further. "We are always looking for strategic collaboration opportunities with other industry leaders to help provide best-in-class technology solutions for real estate professionals," said Michael Lucarelli, CEO and Co-Founder of RentSpree. "SkySlope is a key player in their space, and combining forces enables us to support rental agents in the most effective way possible." SkySlope, which provides time-saving solutions for real estate transactions from contract to close, was founded in 2011 and now serves more than 650,000 real estate professionals throughout the U.S. and Canada. "At SkySlope, we are always mindful of how we can serve the changing needs of real estate professionals," said SkySlope CEO Tyler Smith. "Therefore, combining forces with RentSpree is another sensible step in achieving that mission." RentSpree offers an all-in-one suite of tools, including background and credit checks, rent estimates, renters' insurance and rent payments. Its Agent Tools feature supports holistic rental management for agents, from advertising and nurturing leads to seamlessly diversifying their client portfolio, as well as supporting their rental clients' transition to homeownership in due time. "We are very deliberate in the partnerships we seek across different segments of the real estate sector," said Caroline Mulvey, Senior Client Success Manager at RentSpree. "Collaborations with top-notch proptech firms such as SkySlope are key as technology will continue to play an increasingly important part in making the daily lives of agents and brokers easier and more efficient." About RentSpree Los Angeles-based RentSpree is a provider of award-winning rental software that helps seamlessly connect real estate agents, owners, and renters to simplify and automate the entire rental process, from listing to lease. The all-in-one platform is known across all 50 states for its easy and secure interface and suite of rental tools, including tenant screening, rent payments, marketing and renter management. To date, RentSpree has partnered with more than 250 of the most influential MLSs, real estate associations and brokerages to serve over one million users in the U.S. RentSpree is ranked 625th on Inc. 5000's fastest-growing private companies in 2022. Visit http://www.rentspree.com for more information. About SkySlope Established in 2011, SkySlope is the customer experience platform managing real estate transactions from contract to close. Serving over 650,000 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 www.SkySlope.com

Read More

MARKET OUTLOOK, REAL ESTATE INVESTMENT

The Agency Announces the Launch of New Franchise Office in Toronto West

The Agency | March 09, 2023

The Agency, a global real estate brokerage company, recently launched a new franchise office in Toronto West. With the new office in Toronto, the company has fourteen offices in Canada and three in Toronto. It joins the brokerage's growing network with the recent launch having more than 75 offices in the US, Mexico, Canada, Europe and the Caribbean. Industry veterans Katia Bailey, Paul Greenberg, and Steve Bailey, as Managing Partners and Matt Lionetti, Managing Director, will run the new office named The Agency Toronto West. The company has expanded globally throughout the last year, making it one of the fastest-growing luxury boutique brokerages worldwide. The independent brokerages owned by the company are referred to and integrated as genuine global partners. Every Managing Partner, from corporate or independently-owned offices, functions as a unified, genuine global network. The Agency's global partners have access to technology, tools, leadership, marketing, training and public relations in the company's corporate offices. Within the first quarter of the current year, it launches six new offices, including the recent launch of the Toronto West office, with more on the horizon in the coming months. The Agency's well-known brand has been featured on international television programs like Buying Beverly Hills, which premiered on Netflix on November 4, 2022, along with The Real Housewives of Beverly Hills as well as Million Dollar Listing Los Angeles. The Agency has expanded to more than 70 corporately owned and franchise offices worldwide, making it one of the world's fastest-growing luxury boutique brokerages. Additionally, The Agency was recently ranked 21st on the RealTrends 500 list for 2022 and led the top 50 firms in average sales price by sides at $2.5 million. Additionally, the Agency was named Inman's Luxury Brokerage of the Year in 2022. About The Agency The Agency is a global brokerage real estate company with agent-first, tech-driven boutique luxury representing clients worldwide in various classes, including residential, new development, resort real estate, luxury leasing and vacation rentals. The Agency adopts a collaborative business strategy, departing from the traditional brokerage model and fostering a culture of partnership in which all clients and listings are represented in a collaborative setting. The shared resources and networks of the entire global team benefit the agents and clients. It has closed over $57 billion in real estate transactions since 2011, including 70 offices in 10 countries, with its headquarters in Beverly Hills, California.

Read More

REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

Global X ETFs Expands its Thematic Lineup with the Launch of the Global X PropTech ETF (PTEC)

PRnewswire | April 17, 2023

Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X PropTech ETF (PTEC). This fund, which provides exposure to companies positioned to benefit from innovations in property technology, is Global X's latest addition to its growing suite of thematic-based funds. The global real estate market comprises over $325 trillion in assets.i, and the opportunity for disruptive technology in this market is massive. From property management software to internet-of-things-based property monitoring to virtual reality tours, there is no shortage of new tools emerging for sellers and homeowners alike. By providing exposure to the companies that are positioned to benefit from the technology that optimizes the way people buy, sell, rent, design, construct, manage, and research and market residential and commercial properties, PTEC can help enable investors to capitalize on this growth. "The process of both finding and maintaining a home is becoming increasingly reliant on cutting-edge technologies and real estate digitization," said Pedro Palandrani, Director of Research at Global X ETFs. "With the launch of PTEC, Global X is leveraging its expertise in thematic investing to offer investors exposure to companies investing in the technology that should meet the needs of this vast, addressable market." The Global X PropTech ETF (PTEC) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X PropTech Index. The fund has an expense ratio of 0.50%. About Global X ETFs Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features over 100 ETF strategies and over $38 billion in assets under management.ii While we are widely recognized for our Thematic Growth, Income, Commodity and International Access ETFs, we also offer Core, Risk Management, Digital Asset, and other solutions to suit a range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com. Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $480 billion in assets under management worldwide.iii Mirae Asset has an extensive global ETF platform ranging across the U.S., Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $80 billion in assets under management.

Read More