Coming Wave of Millennial Buyers to Tighten Starter Homes Inventory

Zillow | May 01, 2019

According to new research by Zillow, nearly 45 million people in the U.S. will reach the typical age for first-time home buyers in the next 10 years - 3.1 million more than the past decade creating more demand in an already challenging market for those looking to get into their first home. The typical first-time homebuyer in the U.S. is 34 years old. There are 44.9 million Americans aged 24-33, or potential future first-time home buyers, compared with 41.8 million people aged 35-44, or potential past first-time home buyers, a 7.4% increase.

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Check out this synopsis of the past and present Bonaire GA real estate market. Let’s see what the Bonaire GA Real Estate Market in September 2015 was up to!


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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

Doma Launches Home Equity Financing Solutions to Support Lenders’ Shifting Business

Doma | October 10, 2022

Doma Holdings, Inc. (NYSE: DOMA), a leading force for disruptive change in the real estate industry, today announced a home equity financing offering built for lenders, leveraging its Doma Intelligence platform to accelerate the title search for home equity loans and home equity lines of credit (HELOC). Doma’s proprietary machine intelligence-powered solutions expedite the title and escrow process to lenders offering home equity financing products to help borrowers receive their funds faster, with up to 80% of title decisions delivered in minutes. In today’s rapidly evolving market, homeowners are looking to tap into their home equity, resulting in a rapidly growing home equity financing market. Home repairs, renovations, and debt consolidation are popular uses among home equity financing customers due to lower interest rates compared to personal loans or credit cards. Doma’s new, digital-first home equity financing offering enables lenders to originate and convert customers quickly while macroeconomic conditions are favorable. “In an environment of fluctuating interest rates and housing inventory, Doma addressed the need from lenders to close loans faster and minimize costs to better serve their customers in the current market, Doma’s mission has always been to deliver a better, faster, and more affordable home closing experience, and we’re excited to expand our solutions for lenders’ shifting business and extend the digital-first benefits to the home equity financing market.” -Max Simkoff, CEO of Doma Doma’s home equity financing customers can now experience the same benefits that Doma’s innovative technology has enabled for the past six years for refinance and purchase transactions. These benefits include decreased time to close, with commitment packages delivered in hours compared to the industry average of days, and a dedicated service team with fewer missed opportunities resulting in increased customer satisfaction. Doma’s home equity financing solutions are comprised of both insured and uninsured service offerings including the ALTA® Short Form Loan Policy, the ALTA® Residential Limited Coverage Junior Loan Policy, Ownership and Encumbrance (O&E) Reports, and Legal and Vesting (L&V) Reports. About Doma Doma is a real estate technology company that is disrupting a century-old industry by building an instant and frictionless home closing experience for buyers and sellers. Doma uses proprietary machine intelligence technology and deep human expertise to create a vastly more simple and affordable experience for everyone involved in a residential real estate transaction, including current and prospective homeowners, mortgage lenders, title agents, and real estate professionals. With Doma, what used to take days can now be done in minutes, replacing an arcane and cumbersome process with a digital experience designed for today’s world.

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MARKET OUTLOOK

JPAR® - Real Estate Named a Most Profitable Franchise of 2022 by Franchise Business Review

JPAR | November 01, 2022

JPAR® – Real Estate was identified by Franchise Business Review as one of just 50 franchise brands to be named an award-winning franchise in its 2022 report on the Most Profitable Franchises. JPAR® – Real Estate provides a hybrid model that offers a full-service experience to the consumer and continuous innovation that maps to business development coaching and consultative services through a supportive, industry-born leadership culture. "It's simple really; we don't waste money and we work with our owners to make sure they are running lean as well, Our cost savings are passed through in ways that add meaningful value to the partnership we have with our owners and agents. There are no sacrifices with JPAR." -Laura O'Connor, President and COO, JPAR® Franchising To identify the award-winning companies on the list of this year's Most Profitable Franchises, Franchise Business Review analyzed data from over 30,000 franchise owners representing more than 300 brands regarding their overall satisfaction with their brand and their likelihood to recommend it to others. Other factors include annual income of franchise owners and minimum startup capital requirement. Owner satisfaction, profitability, and long-term return on your investment are three of the most critical factors anyone should consider before investing in any franchise business, The companies on the list of the Most Profitable Franchises offer a better than average shot at growing your income and received the highest ratings on our independent franchisee satisfaction survey,said Eric Stites, founder and CEO of Franchise Business Review. According to Franchise Business Review: JPAR®'s most recent satisfaction survey was completed in April 2022 and includes feedback from 23 active franchisees. Major findings include: 96% of franchisees enjoy operating their business and being part of the organization; 87% of franchisees agree senior management encourages a strong team culture and cares about their success; recognition as a top recession-proof franchise; a top franchise for their culture, for profitability, and for their innovation; and, 100% of franchisees are likely to recommend JPAR® to others. We make it affordable for a broker owner and their agents to get everything they need to deliver high-quality service to their clients, We're proud that we have continued to offer better technology and more coaching and consulting this year at a time when many in this industry are pulling back on their promises of service and support,stated Chastity Davenport, Senior Vice President, JPAR® Franchising. 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 tech stack and open architecture, physical office locations, marketing, lead generation, training, coaching, mentoring and agent health care. The company boasts more than 4,000 agents operating in 65 offices across 26 states and closes more than $8B annually in sales volume. About Franchise Business Review Franchise Business Review (FBR) is a leading market research firm serving the franchise sector. FBR measures the satisfaction and engagement of franchisees and franchise employees and publishes various guides and reports for entrepreneurs considering an investment in a franchise business. Since 2005, FBR has surveyed hundreds of thousands of franchise owners and over 1,200 leading franchise companies.

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MARKET OUTLOOK, REAL ESTATE INVESTMENT

Bright MLS Partners with RISMedia to Deliver Premier Content to Its 110,000-Plus Subscribers

RISMedia | October 28, 2022

RISMedia announces a new partnership with Bright MLS, one of the nation's largest multiple listing services serving over 110,000 real estate professionals from Pennsylvania to Virginia, to bring its best-in-class articles to its subscribers' via their workspace dashboard. The Bright MLS news widget will deliver a daily selection of RISMedia content to its subscribers, including breaking news, industry updates as well as access to RISMedia's Premier premium content channel that features investigative journalism, one-of-a-kind special reports and proprietary industry data and competitive intelligence. "Homeownership is a part of the American dream, and the majority of buyers and sellers need and appreciate the advice of a real estate professional to guide them through the process. As prices and inflation continue to rise and economic conditions are uncertain, agents need to complement their local market expertise with comprehensive and forward-looking news and market insights. We are looking forward to delivering RIS' thoughtful content to our subscribers through this news widget," - Amit Kulkarni, Bright MLS CMO Information is our currency and our goal is to consistently provide REALTORS® with this extremely valuable currency, Our relationship with Bright MLS has been created to better serve the informational needs of their subscribers, enabling these professionals to be better equipped, helping them to succeed and better service their clients. RISMedia is steadfast in our mission to remain the most reliable independent source for real estate news and information and we are proud to have Bright MLS as a new partner,said RISMedia founder and CEO, John Featherston. As part of the partnership, all Bright MLS subscribers have access to all RISMedia educational events. RISMedia also announced that Bright MLS Chief Economist Dr. Lisa Sturtevant will be penning a monthly column in RISMedia's Real Estate magazine and will be a keynote speaker at the company's annual virtual new year kickoff event, Real Estate's Rocking in the New Year, taking place on January 5 at 11 a.m. About RISMedia RISMedia was founded in 1980 by CEO and Publisher John E. Featherston as the residential real estate industry's definitive source for news and information for real estate's most profitable and productive professionals. For over 40 years, RISMedia has provided the industry with news, trends, and educational events.

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REAL ESTATE TECHNOLOGY,REAL ESTATE ADVICE

McKissock Learning Will Launch Practical Applications of Real Estate Appraisal (PAREA) Experience Program

McKissock Learning | November 22, 2022

McKissock Learning, the leading national provider of online education for real estate appraisers, today announced its commitment to launch a Practical Applications of Real Estate Appraiser (PAREA) Experience Program to support the diversification and growth of the appraisal profession. “As a leading appraisal education provider, we know firsthand how difficult it can be for aspiring appraisers to find a supervisor and realize their dream, We believe this is a great opportunity to demonstrate our dedication to the profession with a critical initiative to ultimately contribute to a more diverse and expanded appraiser community.” - Kevin Hecht, Appraisal Training and Development Manager at McKissock Learning Slated to launch in the fall of 2023, the McKissock PAREA Experience Program combines technology-based training with real-world field experience and will allow participants to qualify for up to 100 percent of the experience hours required to sit for an appraisal exam in participating states. McKissock’s PAREA Experience Program is made intentionally for people who complete the required education only to find they cannot move forward in their goal of becoming licensed appraisers because they can’t find a supervisor, It is a powerful instrument to diversify and expand the profession, said Alan Hummel, Principal at The Hummel Group and certified appraiser for 35 years. Consistent with The Appraiser Qualifications Board (AQB) policies, McKissock’s PAREA program will allow participants to apply appraisal concepts and general principles to real-life situations, problems, and activities. Participants can access training modules, simulations, and assignments through McKissock’s dynamic learning platform, allowing for mentor-led and self-study activities. In addition to simulated learning experiences, McKissock will also require students to complete real-life personal experience activities in their local markets, such as inspecting properties in their area and verifying information with local stakeholders such as realtors, contractors, and lenders. Participants will be expected to author and produce appraisal reports on various property types, each of which must pass a mentor’s review and be fully compliant with USPAP standards. Our mission at McKissock Learning is to support the advancement, diversification, and growth of the real estate appraisal profession. We are committed to providing PAREA participants with quality training and practical experiences to enable them to become licensed and successful appraisers, said Renee Altier, President of Valuation and Property Services, Colibri Group, the parent company of McKissock Learning. About McKissock Learning McKissock Learning is a top national provider of education for licensed real estate property appraisers, agents, brokers, home inspectors, land surveyors, and professional engineers. For more than 30 years, McKissock has provided appraisal qualifying and continuing education, as well as professional development courses to support appraisers through all stages of their careers. McKissock Learning is part of Colibri Group, which provides learning solutions to licensed professionals who strive to be among the best in their fields.

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