Property markets in England and Wales, including London, showing signs of picking up

London Central Portfolio | September 04, 2019

There are signs of the property market picking up in England and Wales, and in parts of London, according to the latest real estate market analysis. Average prices for July in England and Wales, excluding new build, reached £263,145, up 2.2% month on month, according to the report from London Central Portfolio (LCP), but annual growth was almost static at 0.8%, the weakest since 2011.


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Realty ONE Group | October 31, 2022

Realty ONE Group, a modern, purpose-driven lifestyle brand and ONE of the fastest growing franchisors today, is forging ahead, growing domestically and internationally despite challenges to the U.S. economy and abroad. The global real estate powerhouse has sold more than 66 franchises and opened 67 new locations this year alone, increasing the number of open Realty ONE Group offices by 22%, year to date. And the franchisor opened the doors to new international locations in Spain, Costa Rica and Portugal, while recently announcing it will launch in Boliva, its ninth country or territory. While other national brands may be losing agents, real estate professionals are joining Realty ONE Group's expanding network daily. "While others are feeling defeated during troubling times, we're doubling and tripling down on Business Coaching for our real estate professionals to navigate their careers and uncover opportunities for success, Beyond our world-class, top-of-class and best-in-class offering, we're building out a network of elite leaders and agents who wake up every day with the right mindset - to succeed no matter what." -Kuba Jewgieniew, CEO and Founder of Realty ONE Group This year, Realty ONE Group was ranked a Top 100 Recession-Proof franchise by Franchise Business Review and the company claimed the No.1 spot for real estate franchisors on Entrepreneur's highly competitive 2022 Franchise 500(R)List. Together as ONE, the company and its Affiliates have impacted nearly 150,000 lives this year already, donating nearly $128,810 for its ONE Cares programs and initiatives. The UNBrokerage as it's known in the industry, hosted its elite leaders, Broker/Owners and Managers from around the U.S. and internationally, at their annual Basecamp 2022 the second week of October in Austin, Texas, donating $11,111 via its ONE Cares 501(c)3 to local nonprofit Mobile Loaves & Fishes, to help the homeless. Realty ONE Group now has more than 18,000 real estate professionals in more than 400 offices in 49 states, Washington D.C., Puerto Rico and now the countries of Bolivia, Canada, Costa Rica, Ecuador, Italy, Portugal, Singapore and Spain. About Realty ONE Group Founded in 2005, Realty ONE Group is an industry disruptor, radically changing the face of real estate franchising with its unique business model, fun coolture, technology infrastructure and superior support for its real estate professionals. The company has rapidly evolved to include more than 18,000 real estate professionals in over 400+ offices across 49 U.S. states, Washington D.C., Puerto Rico, Bolivia, Canada, Costa Rica, Ecuador, Italy, Portugal, Spain and Singapore. Realty ONE Group ranks in the top one percent in the nation by REAL Trends and has been recognized by Entrepreneur Magazine as the number ONE real estate brand. Realty ONE Group is surging ahead, opening doors, not only for its clients but for real estate professionals and franchise owners.

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FCPT Announces Acquisition of a Bubba’s 33 Restaurant Property for $3.1 Million

FCPT | December 01, 2022

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Bubba’s 33 restaurant property for $3.1 million from the transaction previously announced in July 2022. The property is newly constructed and located in a highly trafficked corridor in Texas and is corporate-operated under a triple net lease with approximately 10 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions. This is the last property to be acquired from the 7-property, $17.1 million outparcel portfolio transaction first announced in July 2022. The six other properties closed in a transaction announced in August 2022. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.

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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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Ocusell Launches New Solution to "Fix Business Rules" for Real Estate MLSs

Ocusell | December 02, 2022

What is driving successful innovation in the real estate industry today? Hayden Rieveschl, co-founder and CEO of Ocusell, believes that the force behind cutting-edge innovation is integration with existing products and services — a big reason why the nation's nearly 600 Multiple Listing Services (MLSs), powering more than $2 trillion in annual residential real estate transactions, are being thwarted in their efforts to add new technology swiftly, according to Rieveschl, a former hedge fund professional. Rieveschl founded Ocusell, a platform that's modernizing the listing process for real estate professionals, with Alex Taylor, a ground-floor Dotloop employee (now part of Zillow). Early on, they encountered a significant obstacle that is hamstringing MLSs of every size when attempting to deploy new technology quickly. What is botching MLS systems nationwide, Rieveschl explains, are their "business rules." These foundational instructions provide tech firms with the guidelines to deploy their products and services inside an MLS. Rieveschl and Chief Revenue Officer Taylor found MLS business rules documentation is often inaccurate or outdated, significantly lengthening the integration of new technology. In many cases, the MLS vendor has programmed the business rules for the MLS, but the MLS never provided any documentation. The easier we can make it for the MLS to integrate with cutting-edge tech, the more MLS members, buyers and sellers, will benefit, Rieveschl notes. Moreover, Rieveschl adds that proper MLSs business rules are vital in allowing MLSs to copyright their proprietary data schema (how information is organized and presented) to protect their data. MLSs certainly want to better protect their data, making updated business rules essential, he said. "MLSs will agree to add a new tech solution for its members, not realizing their business rules are outdated because they switched vendors or changed their systems that conflict with what's in place." -Chief Revenue Officer Taylor He gives the example of an MLS that provided its business rules yet had no idea that the API listed in the rules no longer existed. If a tech firm's integration was reliant on the API, Taylor noted, they would have to start over. This mistake creates a liability and possible litigation risk for the MLS and could unexpectedly increase their costs. In addition, flawed business rules certainly would extend the time to integrate, delaying market deployment, Taylor shared. Rieveschl has empathy for MLSs, noting Business rules often are unreliable because they can be tedious and expensive to maintain. That's why he is offering a solution. Ocusell is launching a new service that helps MLSs solve their business rules mismatches, allowing them to fast-track deployment of new tech solutions – today and tomorrow. MLSs are accelerating the integration with technology partners, Rieveschl said, and more MLSs are merging and changing their systems provider or adding others. These trends create a vital and pressing need for accurate, complete and fully updated business rules. MLSs need to add powerful new tools for their members, and they need to do it smoothly and quickly. Ocusell will manage the heavy lifting for the MLS to ensure their rules are always current. About Ocusell Ocusell is an enterprise listing solution for real estate brokers and teams built to modernize the listing workflow. Its one-stop-shop centralizes the listing process, enabling brokers to list properties to multiple MLSs through a single, easy-to-use data entry interface. Ocusell seamlessly connects brokers and their MLSs, increasing agent and staff productivity, collaboration, and visibility for the listing process. By providing continuous innovation, Ocusell is committed to creating enterprise broker solutions that are clear, meaningful, and above all else - simple for users.

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