New York Brokers Gaining Confidence in Early 2019, Says REBNY

WORLD PROPERTY JOURNAL | May 30, 2019

The Real Estate Board of New York's latest Real Estate Broker Confidence Index for first quarter of 2019 is reporting a rising sense of confidence by New York City's local brokerage community with recording a 6.92 out of 10 index rating. This is an increase of 1.06 since brokers were last surveyed about the fourth quarter of 2018. Residential and commercial broker confidence both experienced substantial increases in the first quarter of 2019 when compared to the previous quarter. "Overall confidence among both residential and commercial brokers showed marked improvement from a year ago and reflects a positive outlook on the real estate market heading into the summer," said John H. Banks, REBNY President. "However, New York City brokers also expressed concern over the impact of recent policy changes and Albany's proposed rent reforms."

Spotlight

Not just any city can function as a great rental market. Unless you live in a few select cities, chances are the best properties are not in your backyard.  So how do you go about finding a stable rental market that will produce the high return on investment? In this video, I’m sharing five attributes of a great rental market! I’ll share the key indicators that I care about in a city.


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REAL ESTATE ADVICE

Anywhere-Affiliated Agents Again Lead NAHREP Top 250 Latino Agents Report

Anywhere Real Estate Inc. | June 16, 2022

Anywhere Real Estate Inc., a global leader in residential real estate services (formerly known as Realogy Holdings Corp.), announced that its affiliated agents lead the National Association of Hispanic Real Estate Professionals (NAHREP) 2022 Top 250 Latino Agents Report, which recognizes the top producing Latino agents across the United States, including Puerto Rico. With 50 independent agents included – more than any other company – Anywhere-affiliated agents comprise 20 percent of the list. All six leading residential real estate brands in the Anywhere portfolio, including Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Corcoran, ERA®, and Sotheby's International Realty®, are represented in the report's rankings. According to NAHREP's 2021 State of Hispanic Homeownership Report, the Latino homeownership rate continued to increase in 2021 for the seventh consecutive year. While the report also notes that a dearth of housing supply and rising price points remain a significant barrier to many homebuyers, the Urban Institute predicts that Latinos will account for 70 percent of homeownership growth over the next 20 years. We are incredibly proud that the Anywhere family of brands is home to so many of the top-producing agents that represent the nation's expanding community of Latino homebuyers. As Hispanic household formation continues to drive significant homeownership growth in the coming years, we remain committed to creating professional opportunities for diverse and representative professionals that can help to empower everyone's next move." Ivonne Furneaux, vice president of diversity, equity, and inclusion for Anywhere As the one of the largest full service residential real estate services companies in the U.S., Anywhere is dedicated to creating a culture of diversity, equity, and inclusion, and is a vocal advocate for equal opportunity and fair housing. The Company's renowned brands also offer a number of initiatives focused on driving diversity, such as CENTURY 21's Empowering Latinas program, which helps Latina entrepreneurs obtain their real estate license and prepares them for success in the real estate industry through a network of support. Read more about Anywhere and its commitment to diversity, equity and inclusion in its 2021 CSR Report. According to NAHREP, this year's report ranks individual agents and teams based on transactions and sales volume, and represents a total of 39,804 transactions and $13.8 billion in combined sales volume in 2021. Anywhere affiliated agents featured in the top 10 of Top 250 Latino Agents Report include Wilfredo Alfaro, Coldwell Banker Realty in Clifton, NJ and Johnny Rojas, Century 21 JR Gold Team Realty in Garfield, NJ. Additionally, Anywhere agents on the list represent: One quarter of the Top 100 agents by sale volume, including Coldwell Banker Real Estate (14), CENTURY 21 (6), Sotheby's International Realty (3), and Corcoran (2). Almost half of the Top 25 'Rookies', including Coldwell Banker (6), CENTURY 21 (2), Better Homes and Gardens (1), and ERA (1). 46% of the top 100 agents in the Northeast, 43% of the top 100 agents in the Northwest, 38% of the top 100 agents in the Southwest, 27% of top 100 agents in the Southeast, 20% of top 100 agents in the Midwest, and 13% of the top 100 agents in the Mountain region. As of June 9, 2022, Realogy completed its corporate rebrand to Anywhere. Home to renowned real estate brands as well as national title, settlement, and relocation companies and scaled mortgage origination and underwriting joint ventures, the Anywhere rebrand reflects a strategic shift for the company. Leveraging its leading position in business segments that comprise nearly every aspect of the real estate transaction, the company has placed a strong emphasis on building a more simplified, digitized, and integrated home buying and selling experience for any consumer, anywhere. About Anywhere Anywhere Real Estate Inc. is on a mission to empower everyone's next move. Home to some of the most recognized brands in real estate – Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Corcoran®, ERA®, and Sotheby's International Realty® – the AnywhereSM portfolio includes franchise and brokerage operations as well as national title, settlement, and relocation companies and nationally scaled mortgage origination and underwriting joint ventures. Supporting approximately 1.5 million home transactions in 2021, Anywhere is focused on simplifying, digitizing, and integrating the real estate transaction for all consumers, no matter where they may be in their home buying and selling journey. With innovative products and technology, Anywhere fuels the productivity of its approximately 196,200 independent sales agents in the U.S. and approximately 136,400 independent sales agents in 118 other countries and territories. Recognized for eleven consecutive years as one of the World's Most Ethical Companies, Anywhere has also been designated a Great Place to Work four years in a row, named one of LinkedIn's 2022 Top Companies in the U.S., and honored by Forbes as one of the World's Best Employers 2021.

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REAL ESTATE TECHNOLOGY

Long View Equity and Endeavor Real Estate Group Acquire Ledgestone East

Long View Equity | March 16, 2022

Long View Equity in partnership with Endeavor Real Estate Group announced the acquisition of an 8.7 acre commercial parcel that fronts Highway 290 W and Ledge Stone Drive in Austin, TX. The property is in the ETJ of Dripping Springs within the Ledgestone Master Planned Community and is opposite of Belterra Village. The commercial development, called Ledge Stone East, will be a retail and office mixed-used development. It is anticipated there will be roughly 25,000 sf of retail and 25,000 sf of office space upon completion of the project. The development is aimed at breaking ground May 2022 with a Q3 2023 delivery. To-date, there has been strong interest in new retail at the project and is currently 25% pre-leased. Long View Equity is actively pursuing acquisition opportunities across office, industrial, and retail asset classes in major Texas markets. We are excited to be able to continue growing our portfolio in Central Texas through this development. We have seen firsthand the growth in Dripping Springs and are happy to be a part of it. We expect to make this project something the community can be very proud of." Daniel Campbell, Managing Director at Long View Equity Long View Equity Long View Equity, LLC, founded in 2010, is an Austin, Texas based investment management company that oversees investment decisions and operations of real estate investment funds and other syndicated investment vehicles. Long View Equity's core purpose is to create long-term value for its 100+ investors by making well-thought-out investment decisions, exercising diligence in management, and continually seeking out opportunities to create value. The Company pursues strategies involving the direct acquisition of core-plus and value-added investments and has a proven 10+ year track record of operating over 50 office, retail, or industrial real estate properties located primarily in metropolitan markets in Texas.

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REAL ESTATE TECHNOLOGY

In Just 8 Months, YourHomeHub Powered by MooveGuru Has Already Sold Out 26 States and 28 Regional Territories. And It's Just Getting Started

YourHomeHub | June 01, 2022

In October 2021, a likely source emerged with the first ever property tech franchise—MooveGuru. Through its automated data capture and delivery platforms, MooveGuru has been perfecting the consumer experience during the moving process. In January, the robust platform announced extended support for consumers with services throughout the homeownership lifecycle with a franchise model aimed at real estate service providers in brokerage, title and mortgage. Franchises have been selling faster than homes in red-hot housing markets. To date, MooveGuru has sold 28 regional proptech franchise territories, selling out 26 states in the process. No doubt, our experience and trust in the real estate community and a focused approach in identifying them as a target franchise audience has played a role in the rapid success of initial franchise sales. While a lot of franchises take the approach that anyone can be their own boss, with our organization we've emphasized the value of additional revenue streams for real estate professionals and it's paying off. We've created a buzz the real estate community can't get enough of. It's why we've sold more than half of the states in the U.S. in less than a year." Scott Oakley, CEO of MooveGuru The MooveGuru franchise enables franchisees to deliver a home ownership portal called YourHomeHub that allows homeowners to gain access to preferred local services at a discount. The success comes from being local. YourHomeHub, is the first consumer portal that is "Everything Home," meaning it allows homeowners to manage both the financial details and physical elements of their home. Consumers can monitor extensive information about their home and local market conditions, store important documents, generate accurate estimates for home repairs and find a local contractor for over 1,000 different home service categories. Each YourHomeHub is sponsored by local real estate brands, driving top of mind marketing and revenue from consumer purchases. The platform, provided by real estate professionals, gives a powerful homeowner resource to their customers. "We have expanded our franchise coverage area to 26 states in eight months—this is unprecedented in the franchise industry," said Kathleen Kuhn, President of MooveGuru, who brings more than three decades in the home services franchise industry to the organization. "While there are still opportunities in some major markets, the window is closing for those looking to be regional territory owners." Opportunities are still available for ownership in key markets such as Nevada, New Jersey and Illinois. Franchise owners' trend towards real estate brokerages who have experience with operating affiliate companies, followed by mortgage and title companies. Mortgage brokers typically partner with their top real estate agents for co-branding and split the opportunity fifty-fifty for RESPA compliance. Title companies are offering the service on all their title closings. The franchise pays 10-20 percent of net subscription to franchise owners. The more subscriptions to YourHomeHub and the more leads generated for service pros, the more the franchise owner makes. Recent regional owners include owners in real estate brands such as RE/MAX, Keller Williams, EXP, ERA and also include owners in mortgage and title. About MooveGuru MooveGuru Inc. is based in Roswell, GA. In 2016 the company launched a free mover engagement program to real estate agents and brokers with the idea of connecting home buyers and sellers to convenience and savings on moving services. Using just-in-time delivery through artificial intelligence algorithms, MooveGuru Inc. ensures consumers receive agent-branded savings and convenience from national and local retailers and utility connections as they step through the relocation process. Today, more than 2,000 brokerages, 316,000 agents, and millions of homeowners are connected to the MooveGuru and YourHomeHub platforms.

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REAL ESTATE TECHNOLOGY

Walker & Dunlop Features HASTA Capital CEO Mark Hafner in Latest Installment of its "What Drives You" Campaign

Walker & Dunlop | June 23, 2022

Walker & Dunlop, Inc. announced the fourth installment of its "What Drives You" campaign. Launched on November 12, 2019, the campaign features some of Walker & Dunlop's inspiring clients through spotlights that highlight the passion, perseverance, and inner drive that fuels each of them in their pursuit of greatness. This latest installment of the campaign features Mark Hafner, founder and CEO of the $1 billion commercial real estate firm HASTA Capital. HASTA Capital focuses on investing, developing, and managing residential multifamily assets that are "purpose built," or designed to be inclusive communities of all renters. Founded in 2017, HASTA now has developments and properties in four countries. Hafner attributes the company's rapid growth to an attention to detail, a willingness to try new things, and a commitment to continuously improving the customer experience. For example, Hafner and his family try to spend a week living at each property to see what's missing that residents might need and appreciate, like a bench at a dog park. Hafner also cites the company's partnership with Walker & Dunlop, which financed HASTA's very first deal and nearly 100% of its deals since then and has been with HASTA every step of the way. "I want people to love where they live, and Walker & Dunlop is always coming up with great ideas on how they can help, thinking proactively and outside of the box for ways we can do things better, both for the short-term and the long-term," commented Hafner. "They're an extension of the HASTA team and a true partner." Mark built a $1 billion, 15-property portfolio in just five years. It's been a story of extreme growth differentiated by a standout customer experience, and it's a story of extreme vision and opportunity. We're looking forward to seeing what Mark and his team at HASTA do next." Willy Walker, Chairman & CEO of Walker & Dunlop About Walker & Dunlop Walker & Dunlop is one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where Americans live, work, shop and play — to life. The power of our people, premier brand, and industry-leading technology makes us more insightful and valuable to our clients, providing an unmatched experience every step of the way. With more than 1,400 employees across every major U.S. market, Walker & Dunlop has consistently been named one of Fortune's Great Places to Work® and is committed to making the commercial real estate industry more inclusive and diverse while creating meaningful social, environmental, and economic change in our communities.

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Spotlight

Not just any city can function as a great rental market. Unless you live in a few select cities, chances are the best properties are not in your backyard.  So how do you go about finding a stable rental market that will produce the high return on investment? In this video, I’m sharing five attributes of a great rental market! I’ll share the key indicators that I care about in a city.

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