Plunk and Xome Join Forces to Offer AI-Powered Real Estate Property Valuation and Predictive Remodel Analytics
Leading home auction website provides real estate investors with advanced tools to analyze the remodel potential of listed properties BELLEVUE, Wash., Aug. 23, 2023 -- Plunk, the world's first AI-powered analytics platform for residential real estate, announced it has partnered with Xome, a robust online real estate marketplace, to offer property investors AI-driven home remodel analysis. "Plunk enables investors to make more fully-informed, confident decisions," said Brian Lent, Co-founder and CEO of Plunk. "Xome is already one of the world's largest home search and investment property resources, and now investors have access to the best search, valuation and renovation analysis tools — all on one website." Real estate investors searching for an auction property on Xome.com will now be able to analyze single family homes in greater detail leveraging the Plunk Remodel Value™ tool which offers insights on the expected valuation of properties after a full-scale renovation. Buyers can also view Project Recommendations, which highlight the remodeling projects that would add the most value to a specific property. "Xome is committed to providing an informative and seamless homebuying experience, and we are excited to offer even more innovative solutions and financial insights to property investors looking for the highest returns on their real estate investments," said Mike Rawls, CEO of Xome. "With these new tools, Xome clients can examine a variety of potential scenarios as they consider both the costs and value impacts of full rehab or smaller home improvement projects." The first phase of these new tools is now available on Xome.com, with expanded coverage and enhancements already in the works. For more information, visit Xome.com. About Plunk Plunk is the first AI-powered, real-time home analytics platform leveraging next generation applications of Artificial Intelligence, machine learning and image analysis to revolutionize the way homeowners, real estate professionals and investors value and invest in residential real estate. For more information, please visit www.getplunk.com. About Xome Xome Holdings LLC is a premier asset management company with a best-in-class auction platform, providing mortgage servicers, end-to-end asset marketing and disposition strategies, recapture solutions and real estate and data services. Based in Dallas, Texas, Xome is an indirect wholly-owned subsidiary of Mr. Cooper Group Inc. (NASDAQ: COOP). For more information, please visit xome.com.

The Spring 2023 Homebuying Season Never Happened
Near-7% mortgage rates are preventing both would-be homebuyers and would-be sellers from entering the market. Construction of new single-family homes is near its highest level in almost two decades, providing some hope for an uptick in inventory by next year. SEATTLE — As spring turns into summer, it's official: The traditionally hot spring homebuying season didn't come to fruition in 2023. That's according to a new report from Redfin, the technology-powered real estate brokerage. This year, instead of the calendar determining the homebuying season, the Federal Reserve is dictating when people buy and sell. And so far, the Fed's actions are suggesting they wait. Pending home sales fell 16% from a year earlier during the four weeks ending June 18. But even though sales are relatively tepid, Redfin's Homebuyer Demand Index—a measure of requests for tours and other early-stage buying services from Redfin agents—is up 11% year over year. Additionally, there are more house hunters than there are homes hitting the market. New listings of homes for sale are down 24% from a year ago, and the total number of homes for sale is down 8%, the biggest drop in over a year. Elevated mortgage rates are responsible for the drops on both the demand and supply sides. With average rates sitting above 6% all spring, pushing the typical U.S. monthly housing payment up near record highs, many would-be buyers are sitting on the sidelines, waiting for rates to come down. And the buyers who are out there are having a hard time finding listings, with many prospective sellers staying put, hanging onto their relatively low rates: Nearly all homeowners with a mortgage have a rate below 6%. The continuing inventory shortage is bolstering home prices. The median U.S. home-sale price dropped just 1% year over year this week, the smallest decline in more than three months. On a local level, prices have started leveling off: They fell in 25 of the 50 most populous metros, compared with 29 a month ago. In San Jose, CA, for instance, the median sale price is up roughly 2% year over year, marking the first increase after eight straight months of declines. "There are two things that would jumpstart the housing market: A big drop in mortgage rates and/or a big surge of new listings," said Redfin Deputy Chief Economist Taylor Marr. "Neither of those things happened this spring; instead, rates rose and new listings dropped to record lows. And with one or two more interest-rate hikes expected this year, mortgage rates are likely to remain elevated at least through the summer, continuing to limit both demand and supply." "But even though there wasn't much of a spring homebuying season this year, there was a spring building season," Marr continued. "That means there's hope for more listings somewhat soon, with homebuilders working to fill the inventory bucket. Builders broke ground on more single-family homes in May than almost any month in nearly two decades, which could expand buyers' options by the end of the year." Leading indicators of homebuying activity: The daily average 30-year fixed mortgage rate was 6.9% on June 21, down from a half-year high of 7.14% a month earlier. For the week ending June 15, the average 30-year fixed mortgage rate was 6.69%, down slightly from 6.71% the week before but still close to the highest rate since November. Mortgage-purchase applications during the week ending June 16 rose 2% from a week earlier, seasonally adjusted, marking the second straight week of increases. Purchase applications were down 32% from a year earlier. The seasonally adjusted Redfin Homebuyer Demand Index was down slightly from a week earlier during the week ending June 18. It was up 11% from a year earlier, the fourth consecutive annual increase. Demand was dropping at this time in 2022 as mortgage rates rose. Google searches for "homes for sale" were up 13% from a month earlier during the week ending June 17, and down about 11% from a year earlier. Touring activity as of June 18 was up 14% from the start of the year, compared with a 4% decrease at the same time last year, according to home tour technology company ShowingTime. Tours increased slowly during this time last year as mortgage rates shot up. Key housing market takeaways for 400+ U.S. metro areas: Unless otherwise noted, this data covers the four-week period ending June 18. Redfin's weekly housing market data goes back through 2015. For bullets that include metro-level breakdowns, Redfin analyzed the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy. The median home sale price was $382,861, down 1% from a year earlier, the smallest decline in more than three months. Price declines have been shrinking for the last two months. Home-sale prices declined in 25 metros, with the biggest drops in Austin, TX (-11% YoY), Las Vegas (-9.1%), Detroit (-8%), Los Angeles (-7.1%) and Phoenix (-6.8%). Sale prices increased most in Fort Lauderdale, FL (8.6%), Miami (8.5%), Providence, RI (5.5%), Milwaukee (5.2%) and Virginia Beach, VA (5.1%). The median asking price of newly listed homes was $397,225 up 0.3% from a year earlier. The monthly mortgage payment on the median-asking-price home was $2,628 at a 6.69% mortgage rate, the average for the week ending June 15. That's down slightly from the record high hit three weeks earlier, but up 8% ($190) from a year earlier. Pending home sales were down 15.7% year over year, continuing a 13-month streak of double-digit declines. Pending home sales fell in all metros Redfin analyzed. They declined most in Milwaukee (-28% YoY), Providence (-26.3%), Seattle (-25.6%), Portland, OR (-24.8%) and San Diego (-23.4%). New listings of homes for sale fell 24% year over year, roughly on par with the declines over the last two months. New listings declined in all metros Redfin analyzed. They fell most in Las Vegas (-42.3% YoY), Phoenix (-42%), Oakland, CA (-38.8%), Seattle (-37.4%) and San Diego (-36.2%). Active listings (the number of homes listed for sale at any point during the period) dropped 8.1% from a year earlier, the biggest drop in over a year. Active listings were up slightly from a month earlier; typically, they post month-over-month increases at this time of year. Months of supply—a measure of the balance between supply and demand, calculated by the number of months it would take for the current inventory to sell at the current sales pace—was 2.5 months, the lowest level in nearly a year. Four to five months of supply is considered balanced, with a lower number indicating seller's market conditions. 32.9% of homes that went under contract had an accepted offer within the first two weeks on the market, down from 36% a year earlier. Homes that sold were on the market for a median of 27 days, the shortest span since August. That's up from a near-record low of 19 days a year earlier. 36.3% of homes sold above their final list price. That's the highest share since last August but is down from 53% a year earlier. On average, 5.3% of homes for sale each week had a price drop, up from 4.8% a year earlier. The average sale-to-list price ratio, which measures how close homes are selling to their final asking prices, was 100%. That means homes are selling for exactly their asking price, on average, for the first time in 10 months. That's down from 102.2% a year earlier. View the full report, including charts, here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home in certain markets can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Customers who buy and sell with Redfin pay a 1% listing fee, subject to minimums, less than half of what brokerages commonly charge. Since launching in 2006, we've saved customers more than $1.5 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.

Tony Pistilli Joins Restb.ai as General Manager of Valuations to Drive Innovation in the Real Estate Valuation Industry
Barcelona, Spain — April 17, 2023 — Restb.ai, a global leader in computer vision and artificial intelligence (AI) solutions for the real estate industry, today announced Tony Pistilli as its new General Manager of Valuations. With over 30 years of executive-level real estate valuation and lending experience, Pistilli will play a vital role in expanding Restb.ai's reach in the valuation and appraisal industry, as well as fostering relationships with lenders and related industry partners. "Thanks to his vast experience in real estate and valuation, Tony is uniquely equipped to tackle the challenges of incorporating new technology into the industry," said Nathan Brannen, Chief Product Officer at Restb.ai. "By leveraging Restb.ai's cutting-edge computer vision and AI solutions, he will help us transform how valuations are completed and rapidly accelerate the pace of industry adoption." Pistilli's extensive background includes working with national banks, mortgage companies, federal agencies, and leading appraisal management firms. He is a certified residential real estate appraiser in Colorado and Texas, and currently serves as Chair of the Colorado Real Estate Appraiser Board and is an AQB Certified USPAP Instructor. In 2011, he was the first recipient of the Valuation Visionary Award presented by the Collateral Risk Network at Valuation Expo. In his new role at Restb.ai, Pistilli will be responsible for providing direction to the application of Restb.ai's products and services for the valuation segment of the real estate industry, working with the product team to develop and expand the suite of offerings. Additionally, he will prioritize development initiatives and build industry relationships and partnerships to enhance Restb.ai's presence in the market further. Pistilli said he is particularly excited to work on computer vision projects, which he believes to be the most important technology and the biggest breakthrough opportunity for the real estate industry. "AI that can instantly and consistently analyze property photos is a game changer," said Pistilli. "Accurately identifying property features and standardizing the condition, quality, and all other aspects of properties will significantly enhance valuation processes and improve valuation quality." Outside of his professional accomplishments, Pistilli has a penchant for giving back to his community, having volunteered extensively in church and civic groups. Valuation industry firms interested in arranging a demonstration of Restb.ai technology can contact Tony Pistilli online at Restb.ai or forwarding email at [email protected]. About Restb.ai Restb.ai, the leader in AI and computer vision for real estate, provides image recognition and data enrichment solutions for many of the industry’s top brands and leading innovators. Its advanced AI-powered technology automatically analyzes property imagery to unlock visual insights at scale that empowers real estate companies with relevant and actionable property intelligence. Restb.ai is like having a real estate expert instantly research and provide a deep insight into each of the 1 million property photos uploaded daily.

ATTOM Integrates Propensity to Default Analytics into Its U.S. Property Data Warehouse
Discover the probability of a home going into foreclosure; Utilizing various property datasets and AI-powered algorithms to determine propensity to default IRVINE, Calif. – February 7, 2023 — ATTOM, a leading curator of real estate data nationwide for land and property data, today announced it has integrated propensity to default analytics into its U.S. property data warehouse. With this news, the ATTOM Table of Data Elements expands even further with yet another layer of details to enhance market intelligence, while enabling various industries powerful investment insight and mitigation strategies. This integration combines ATTOM’s comprehensive foreclosure and mortgage data with Powerlytics – a predictive analytics solution provider with a proprietary database of anonymized tax returns covering over 150 million U.S. households, to score properties across the nation on the likelihood of going into foreclosure. “What started as a focus in fueling real estate industry customers with premium property data, has exploded into powering various industries across all spectrums,” said Rob Barber CEO at ATTOM. “In today’s volatile housing market, being armed with predictive analytics that will allow real estate investors, brokers, mortgage servicers, and more the ability to zero in on properties that have the highest probability of going into foreclosure, is essential for competitive data-driven decision making.” By joining the power of the ATTOM Data Warehouse – which houses historical property characteristics data along with deed, mortgage, foreclosure and more for over 155 million U.S. properties — with Powerlytics’ consumer and business financial data, and then applying machine learning techniques, a propensity of default score for properties across the nation is accurately predicted. “We are excited to leverage Powerlytics proprietary dataset to deliver insights and value across the residential real estate ecosystem,” said Powerlytics CEO, Kevin Sheetz. “Combining our accurate, granular and comprehensive financial data and predictive modeling expertise with ATTOM’s rich property insights proved to be a powerful combination in predicting mortgage default propensity.” This proprietary model identifies the probability that a residential property will become a mortgage default (aka pre-foreclosure) within the next 12 months and allows customers to zero in on the properties that have the highest propensity to default. Enabling industry professionals, the ability to: Find homeowners motivated to sell. Curate targeted marketing lists. Limit portfolio losses. Develop mitigation strategies. “With the recent lift in foreclosures across the nation, insights into the financial health of homeowners offers a powerful and unique solution for understanding who might be in distress,” notes ATTOM Chief Product & Technology Officer, Todd Teta. “Along with the value of a home and a homeowner’s equity position, the overall financial health of the homeowner creates a full picture of the borrower’s willingness and ability to stay current on their mortgage and out of default. Combining these data points yields a much more predictive solution than the individual data points do on their own.” Learn more about propensity to default. About ATTOM ATTOM provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation’s population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 30TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, property reports and more. Also, introducing our newest innovative solution, that offers immediate access and streamlines data management – ATTOM Cloud. About Powerlytics Powerlytics provides the most comprehensive, accurate and granular consumer and business financial data available in the U.S. Our proprietary big data analytics platform provides a comprehensive financial view of the over 200 million adults and 33 million businesses that comprise the American economy. Major U.S. corporations and financial services providers are using Powerlytics’ data and solutions to stay on the cutting edge with predictive analytics, frictionless verification and estimation of consumer income, consumer wealth and business revenue, enhance digital and direct marketing for both consumers and businesses, manage risk with both individual business and consumer customers and portfolios and benchmark performance. Visit www.powerlytics.com for more information.

Annual Home Price Growth Slows to Two-Year Low in November, CoreLogic Reports
Year-over-year home price appreciation was up for the 130th consecutive month in November, but growth fell to single digits at 8.6% IRVINE, Calif., January 3, 2023—CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for November 2022. Year-over-year home price growth ended its 21-month streak of double-digit momentum in November, posting an 8.6% gain, the lowest rate of appreciation in exactly two years. Although 16 states bucked the national trend and saw annual double-digit increases, appreciation is decelerating in many popular housing markets across the country. Southeastern states still led the country for price growth in November but also saw some of the most pronounced cooling. Similarly, relatively more expensive Western areas also posted substantial combined declines in recent months since spring's peak. Nationwide, the recent price deceleration pushed November home values 2.5% below the spring 2022 peak. In 2023, home values will likely move even further from that high point, as CoreLogic expects price growth to begin recording negative year-over-year readings in the second quarter. "Although home price growth has been slowing rapidly and will continue to do so in 2023, strong gains in the first half of last year suggest that total 2022 appreciation was only slightly lower than that recorded in 2021," said Selma Hepp, executive, deputy chief economist at CoreLogic. "However, 2023 will present its own challenges, as consumers remain wary of both the housing market and the overall economic outlook." "And while the recent decline in mortgage rates may bode well for the housing market," Hepp continued, "potential homebuyers are grappling with the idea of buying amid possible further price declines and a continued inventory shortage. Nevertheless, with slowly improving affordability and a more optimistic economic outlook than previously believed, the housing market could show resilience in 2023." Top Takeaways: U.S. home prices (including distressed sales) increased 8.6% year over year in November 2022 compared to November 2021. On a month-over-month basis, home prices declined by 0.2% compared to October 2022. In November, annual appreciation of attached properties (8.8%) was 0.3 percentage points higher than that of detached properties (8.5%). Annual U.S. home price gains are forecast to slow to 2.8% by November 2023. Miami posted the highest year-over-year home price increase of the country's 20 largest metro areas in November, at 21.3%, while Tampa, Florida retained the No. 2 spot at 17.3%. Florida and South Carolina recorded the highest annual home price gains, 18% and 13.9%, respectively. Georgia posted the third-highest growth, with a 13.6% year-over-year increase. Washington, D.C. ranked last for appreciation at 1.2%. Methodology The CoreLogic HPI™ is built on industry-leading public record, servicing and securities real-estate databases and incorporates more than 45 years of repeat-sales transactions for analyzing home price trends. Generally released on the first Tuesday of each month with an average five-week lag, the CoreLogic HPI is designed to provide an early indication of home price trends by market segment and for the "Single-Family Combined" tier, representing the most comprehensive set of properties, including all sales for single-family attached and single-family detached properties. The indices are fully revised with each release and employ techniques to signal turning points sooner. The CoreLogic HPI provides measures for multiple market segments, referred to as tiers, based on property type, price, time between sales, loan type (conforming vs. non-conforming) and distressed sales. Broad national coverage is available from the national level down to ZIP Code, including non-disclosure states. CoreLogic HPI Forecasts™ are based on a two-stage, error-correction econometric model that combines the equilibrium home price—as a function of real disposable income per capita—with short-run fluctuations caused by market momentum, mean-reversion, and exogenous economic shocks like changes in the unemployment rate. With a 30-year forecast horizon, CoreLogic HPI Forecasts project CoreLogic HPI levels for two tiers — "Single-Family Combined" (both attached and detached) and "Single-Family Combined Excluding Distressed Sales." As a companion to the CoreLogic HPI Forecasts, Stress-Testing Scenarios align with Comprehensive Capital Analysis and Review (CCAR) national scenarios to project five years of home prices under baseline, adverse and severely adverse scenarios at state, metropolitan areas and ZIP Code levels. The forecast accuracy represents a 95% statistical confidence interval with a +/- 2% margin of error for the index. About CoreLogic CoreLogic is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

Redfin Reports Supply Posts Record Increase as Homes Linger on the Market
Redfin's Homebuyer Demand Index ticked up this week as steadily declining rates lured some buyers back in. But many would-be buyers are waiting for lower rates and prices, with the typical home's time on market rising at its fastest annual pace on record and supply increasing. SEATTLE -- The total number of homes for sale increased 15% year over year during the four weeks ending December 4, the biggest uptick since at least 2015, according to a new report from Redfin, the technology-powered real estate brokerage. New listings declined by more than 20%, which means homes are sitting on the market as prospective buyers stay on the sidelines and wait for mortgage rates and home prices to decline further from their peaks. That's also evidenced by a slowing market: The typical home that sold was on the market for 37 days, up from a record low of 17 days in June and up from 28 days a year earlier, the biggest year-over-year slowdown on record. Just 30% of homes sold within two weeks, the lowest share since January 2020. But Redfin's Homebuyer Demand Index is rebounding from its low point, up 5% from a week earlier, as mortgage rates continue to decline from their early-November peak. Rates dropped to 6.33% from 6.5% a week earlier, cutting the typical U.S. homebuyer's monthly housing bill by about $50. "This week has been relatively calm and quiet as we approach the end of one of the most volatile years in housing history," said Redfin Deputy Chief Economist Taylor Marr. "But it's not over yet. Next Tuesday's inflation report is the 500-pound gorilla in the room, and the Fed's press conference the next day will bring us much more clarity on how soon and how quickly we can expect mortgage rates to come down in the new year. Since we expect only a small decline in prices next year, mortgage rates will dictate housing affordability, and as a result, demand and sales, in 2023. If rates continue declining, more buyers may wade back into the market, as they'll have lower monthly payments." Home prices fell from a year earlier in 11 of the 50 most populous U.S. metros, mostly in California Home-sale prices fell from a year earlier in 11 of the 50 most populous U.S. metros, six of which are in California. Prices fell 7.8% year over year in San Francisco, 3.6% in San Jose, CA, 2.2% in Los Angeles, 1.4% in Detroit, 1.2% in Sacramento and 1.1% in Pittsburgh. They declined less than 1% in Oakland, CA, Anaheim, CA, Austin, Philadelphia and Phoenix. Although the decline was small, this marks the first time Phoenix home prices have fallen on a year-over-year basis since at least 2015, as far back as this data goes. It's the first time Anaheim prices have fallen since October 2019. Leading indicators of homebuying activity: For the week ending December 8, 30-year mortgage rates ticked down to 6.33%, the fourth straight weekly decrease. The daily average was 6.29% on December 7. Mortgage purchase applications during the week ending December 2 declined 3% from a week earlier, seasonally adjusted. Purchase applications were down 40% from a year earlier. The seasonally adjusted Redfin Homebuyer Demand Index–a measure of requests for home tours and other homebuying services from Redfin agents–was up 5% from a week earlier but down 29% from a year earlier during the four weeks ending December 4. Fewer people searched for "homes for sale" on Google than this time in 2021. Searches during the week ending December 3 were down about 34% from a year earlier, but up slightly from the week before. Touring activity as of December 4 was down 37% from the start of the year, compared to a 12% decrease at the same time last year, according to home tour technology company ShowingTime. Key housing market takeaways for 400+ U.S. metro areas: Unless otherwise noted, this data covers the four-week period ending December 4. Redfin's weekly housing market data goes back through 2015. The median home sale price was $355,500, up slightly from the week before and up 1.9% year over year, the slowest price growth since June 2020 (with the exception of the prior four-week period). The median asking price of newly listed homes was $357,470, up 4.4% year over year, the slowest growth rate since May 2020. The monthly mortgage payment on the median-asking-price home was $2,297 at the current 6.33% mortgage rate. That's down slightly from a week earlier and down more than $200 from a month earlier, when mortgage rates were around 7%. Still, monthly mortgage payments are up 38% from a year ago. Pending home sales were down 34.9% year over year, one of the largest declines since at least January 2015, as far back as this data goes. Among the 50 most populous U.S. metros, pending sales fell the most from a year earlier in Las Vegas (-65.4%), Austin (-60.7%), Phoenix (-56.8%), Jacksonville, FL (-55.6%) and Portland, OR (-53.5%). New listings of homes for sale were down 21.6% from a year earlier, the largest decline since May 2020. Active listings (the number of homes listed for sale at any point during the period) were up 15% from a year earlier, the biggest annual increase since at least 2015 Months of supply—a measure of the balance between supply and demand, calculated by dividing the number of active listings by closed sales—was 3.9 months, flat from a week earlier but up sharply from 3.4 months two weeks earlier. 30% of homes that went under contract had an accepted offer within the first two weeks on the market, down two percentage points from the prior four-week period and down from 38% a year earlier. Homes that sold were on the market for a median of 37 days, up more than a week from 28 days a year earlier and up from the record low of 17 days set in May and early June. 25% of homes sold above their final list price, down from 42% a year earlier and the lowest level since June 2020. On average, 6% of homes for sale each week had a price drop, down slightly from a week earlier and down sharply from 7.5% a month earlier. It's up from 2.8% a year earlier. The average sale-to-list price ratio, which measures how close homes are selling to their final asking prices, fell to 98.4% from 100.3% a year earlier. That's the lowest level since June 2020. To view the full report, including charts, please click here. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.

Inside Real Estate Acquires AmpStats, offering brokerages access to new data-driven recruiting, retention and talent development technology to expand market share
Inside Real Estate’s acquisition of AmpStats represents their ongoing commitment to innovation leadership for their 400k customer base MURRAY, UTAH - OCTOBER 24, 2022 -- Inside Real Estate, one of the fastest-growing independently owned real estate software companies and a trusted technology partner to over 400,000 agents, teams, brokerages and top franchise brands, announced the acquisition of AmpStats, a modern technology focused on harnessing data to drive intelligent decisions for brokerages around recruiting, retaining and talent development. AmpStats enables real estate brokerages to simplify agent recruiting, retention and talent growth across multiple markets and offices. AmpStats delivers unprecedented visibility into key performance metrics, helping brokerage leaders stay one step ahead to ensure maximum productivity and loyalty amongst their existing agent base. When it comes to recruiting new talent, brokers can quickly identify the right candidates with search features that show production data, a transaction heat map, and agent movement to pinpoint the best recruiting targets. Once the conversation is started, brokers can easily demonstrate their impact and value to prospective recruits through a compelling, visual net income comparison that breaks down agent earnings like never before. “AmpStats arms brokerages and their leadership with the actionable intelligence they need to increase productivity and strategically expand market share,” says Joe Skousen, CEO at Inside Real Estate. “We are thrilled to welcome AmpStats to the Inside Real Estate family. Jay has done a fantastic job building a product that at its core addresses one of the most important growth components for brokers which is managing overall talent. We look forward to integrating AmpStats into our ecosystem, creating a truly seamless, data-driven recruiting & retention solution to help our clients maximize business growth.” “With real-time access to data, brokers have business and competitive intelligence at their fingertips like never before,” says Jay Teresi, Founder & CEO at AmpStats. “I’m thrilled to join such a great organization, where, together, we can expand the reach of AmpStats tremendously, helping even more real estate brokers achieve higher profitability.” The acquisition represents Inside Real Estate’s ongoing commitment to providing the most innovative, high-value solutions to help their 400k+ agents, teams and brokerages succeed. Just recently, the company announced the industry’s first-ever lifetime homeownership technology, CORE Home, giving Inside Real Estate customers a simplified solution to maintaining customers for life. Jay Teresi will join the Inside Real Estate family as a member of the leadership team supporting back-office initiatives. AmpStats will continue to be available as a standalone product offering for brokerages in select markets. In the coming months, AmpStats will also be integrated into the kvCORE Platform and available to purchase by new and existing brokerage customers. About Inside Real Estate Inside Real Estate is a fast-growing, independently-owned real estate software firm that serves as a trusted technology partner to over 400,000 top brokerages, agents, and teams. Their flagship product, kvCORE Platform, is the most modern and comprehensive solution in the industry known for delivering profitable growth at every level of a brokerage organization. Built on a modern, scalable, and flexible architecture, kvCORE enables every brokerage to create its own unique technology ecosystem through custom branding, robust integrations, and high-quality add-on solutions. With an accomplished leadership team and its talented staff of 250 employees, Inside Real Estate brings the resources, scale, and vision to deliver ongoing innovation and success to their growing customer base.

Texas home builders see 'market shift' as total sales drop
HomesUSA.com reports higher new home prices despite more active listing inventory Dallas, TX - August 22, 2022 -- As more new home listings appear in local Multiple Listing Services, Texas home builders are seeing a “market shift.” New home sales dropped last month as new home inventory continued to increase according to Ben Caballero, the nation’s top-ranked real estate agent and CEO of HomesUSA.com. According to the July 2022 HomesUSA.com New Home Sales report, the 3-month moving average of new home sales for Dallas-Ft. Worth, Houston, Austin, and San Antonio fell in July to 3,724 versus 4,098 in June. Active listings in the local MLSs in Dallas-Ft. Worth, Houston, Austin, and San Antonio jumped to 18,950 in July, up from 15,131 in June – an increase of over 25% in the last 30 days. “Texas home builders are experiencing a significant market shift,” said Caballero. “Total new home sales are down, while prices and inventory continue to increase,” he added. “Surprisingly, new homes sold at a faster pace, spending fewer days on the market,” Caballero noted. “And while these market changes are challenging builders, I expect the strength of the Texas economy will insulate Texas home builders from a significant slowdown,” he said. The HomesUSA.com New Home Sales Index shows the new home sales pace quickened again last month as the 3-month moving average for Days on Market was 51.19 days, down from 54.07 days in June.The HomesUSA.com July 2022 Texas new homes report used data from the REALTOR Associations of Austin, North Texas Real Estate Information Systems, Houston, and San Antonio. New home prices statewide increased last month – a continuing trend. The 3-month moving average of new home sale prices in July was a record $469,683 versus $458,448 in June. The average new home price is up over $78,500 since July 2021, an increase of more than 20 percent year-over-year. The average new home price set a record high in three major Texas new home markets. Dallas-Ft. Worth was $513,727 in July versus $501,327 in June. Houston ($424,398 versus $419,573) and San Antonio ($407,028 versus $391,577) also posted record prices. The average new home price also was higher in Austin ($546,978 versus $541,079), but short of the Feb. 2022 record of $561,134. Caballero noted statewide pending new home sales also dropped, impacted by buyer cancellations. In July, the 3-month average of pending new home sales statewide was 4,240 versus 4,379 in June. Three of the four major new home markets in Texas – Dallas-Ft. Worth, Houston, and San Antonio – reported a drop in pending sales last month. Conversely, Austin reported a slight increase of pending sales in July to 617 from 594 in June. The HomesUSA.com Texas New Home Sales Report and New Home Sales Index are being shared in advance of the Commerce Department’s release of its nationwide New Residential Sales Report for July, set for Tuesday, August 23 at 10:00 am Eastern. The HomesUSA.com monthly report includes 3-month and 12-month moving averages for six essential market data, including Days on Market, sales volume, sales prices, a sales-to-list price ratio, pending sales, and active listings. Caballero explained the 3-month moving average indices track market seasonality, while the 12-month moving average removes the seasonality and tracks the longer trend. Days on Market – New Homes in Texas (Exclusive Data) The HomesUSA.com New Home Sales Index showed the 3-month moving average of Days on Market declined statewide and in all four major new home markets in July. Houston’s DOM was 60.05 days versus 64.75 days in June. In Austin, the DOM decreased to 25.76 days versus 26.72 days in June. In Dallas-Ft. Worth, the DOM decreased to 50.32 days from 51.42 days in June. In San Antonio, the DOM was 56.46 days versus 57.03 days in June. (See Chart 1: Texas New Homes Days on Market) Texas New Home Sales Data Based on all available local MLS data, total new home sales in Texas were lower statewide and in all four major new home markets last month, according to the 3-month moving average. In Houston, July’s total sales were 1,514 versus 1,691 in June. Dallas-Ft. Worth new home sales also decreased to 1,180 versus 1,285 in June. In San Antonio, new home sales decreased to 454 from 538 in June. In Austin, July sales totaled 576 versus 584 in June. (See Chart 2: Texas New Home Sales) Texas New Home Prices The average price of new homes in Texas shows higher prices statewide and in all four major new home markets last month. Dallas-Ft. Worth reported its 3-month moving average price for new homes was higher in July at $513,727 versus $501,327 in June. Houston's average new home price was also higher in July at $424,398 versus $419,573 in June. In San Antonio, the average new home price increased in July at $407,028 versus $391,577 in June. Austin's 3-month moving average price also rose in July to $546,978 from $541,079 in June. (See Chart 3: Texas New Home Prices) Texas Sales-to-List Price Ratio New home sales statewide and in Dallas-Ft. Worth, Houston, Austin, and San Antonio still hover near 100 percent of the asking price and in two markets, exceeded it. Statewide, the 3-month moving average of the sales-to-list price ratio in July was 99.899 versus 99.954 percent in June. Dallas-Ft. Worth’s ratio was 100.605 versus 100.688 percent in June. In Houston, the ratio was 99.018 versus 99.097 in June. In Austin, the sales-to-price ratio in July was 100.774 versus 100.939 percent in June. San Antonio's ratio in July was 99.888 versus 99.853 in June. (See Chart 4: Texas Sales-to-List Price Ratio) Texas Pending New Homes Sales Data Based on local MLS data, pending new home sales dropped statewide and in three of the four Texas major new home markets last month. Statewide MLS data shows pending sales in July were 4,240 versus 4,379 in June. Houston’s pending sales in July were 1,607 versus 1,725 in June. In San Antonio, pending sales last month were 446 versus 467 in June. Pending new home sales last month in Dallas-Ft. Worth were 1,569 versus 1,593 in June. Austin was the exception, as pending sales in July were 617 versus 594 in June. (See Chart 5: Texas Pending New Home Sales) Texas Active Listings for New Homes MLS data shows the 3-month moving average for active listings statewide increased in July to 18,950 versus 15,131 in June. Last month, all four major Texas new home markets posted higher active listings. Dallas-Ft. Worth's active listings in July were 4,595 versus 2,915 in June. Last month's active listings in Houston were 8,911 versus 7,900 in June. July’s active listings in Austin were higher at 2,797 versus 2,129 in June. San Antonio reported active new home listings in July were 2,647 versus 2,186 in June. (See Chart 6: Texas Active Listings and Chart A: 12-Month Moving Averages) About the HomesUSA.com New Home Sales Index The HomesUSA.com Index is reported as both a 3-month and 12-month moving average of the Days on Market (DOM) for new homes listed in the local Multiple Listing Services (MLSs) for the four largest Texas markets, including Dallas-Ft. Worth, Houston, Austin, and San Antonio. Created by Ben Caballero, founder and CEO of HomesUSA.com, it is the first Days on Market index to track Texas's new home market and includes homes listed while under construction. About Ben Caballero and HomesUSA.com® Ben Caballero, founder and CEO of HomesUSA.com, is a three-time Guinness World Record title holder for "Most annual home sale transactions through MLS by an individual sell-side real estate agent - current." Ranked by REAL Trends as America's top real estate agent for home sales since 2013, Ben is the most productive real estate agent in U.S. history. He is the only agent to exceed $1 billion in residential sales transactions in a single year, a feat first achieved in 2015 and repeated each year through 2018 when he achieved more than $2 billion. An award-winning innovator and technology pioneer, Ben works with more than 60 home builders in Dallas-Fort Worth, Houston, Austin, and San Antonio. His podcast series is available on iTunes and Google Podcasts. Learn more at HomesUSA.com |Twitter: @bcaballero - @HomesUSA | Facebook: /HomesUSAdotcom.

CoreLogic Launches Property Analytics Ecosystem and Data Exchange, Discovery Platform
New solution simplifies data science challenges to help enterprises accelerate innovation, mitigate risk and identify new revenue streams IRVINE, Calif., June 29, 2022 -- CoreLogic, a leading global property data and analytics-driven solutions provider, has announced the launch of Discovery Platform, a cloud-based data exchange and property analytics ecosystem. Powered by the industry's first integrated property identifier, CoreLogic's CLIP ID, and built on more than 50 years of data spanning 99.9% of U.S. properties, Discovery Platform provides a comprehensive property analytics solution. The platform enables businesses—including property and real estate technology (PropTech/ReTech), mortgage lenders, marketers and insurance firms—to discover, integrate, analyze and model property insights to make critical business decisions faster. Enterprises have been investing heavily in data science to solve problems and predict outcomes across every aspect of their business, from revenue forecasts to lead generation and everything in between. They often spend significant time and resources managing this data and little time translating it to inform and improve business outcomes. CoreLogic's Discovery Platform simplifies this challenge through: Seamless data integration: Users can easily integrate their own business objectives and data with CoreLogic's data assets. While most data exchanges rely on generalized data sets, CoreLogic's CLIP® ID provides more granular information at the property level to help businesses derive more accurate business insights based on the most current market landscape. A complete suite of analytics and modeling tools: Organizations have access to a suite of leading analytics and resources such as data modeling and visualization tools, all available within a secure digital workspace that can be used to extract and categorize insights. Connected workflows: Data can be easily exported and integrated into external operational platforms to streamline workflows between data analytics teams and business decision makers to improve efficiencies and drive business outcomes faster. "As the industry is increasingly leveraging data science and analytics to understand, improve and grow their businesses, it has never been more important to get the data strategy right," explains Patrick Dodd, President and CEO of CoreLogic. "By combining best-in-class data, enhanced analytics, and cross-functional collaboration capabilities into a unified solution, the CoreLogic Discovery Platform allows enterprise leaders to gain insights and integrate into their business activities faster than ever before." With CoreLogic's Discovery Platform, businesses can solve use cases such as: Lead Prospecting and Qualification: Identify and screen potential customers based on property or loan characteristics, real estate or loan transaction events, estimated equity or CoreLogic propensity models. Market Share and Competitive Analysis: Analyze lending market share by geography or portfolio type and conduct competitive analysis on key competitors. Risk Analysis: Assess risk of properties, including default risk, home price risk, hazard risk (e.g., flood, wildfire) and reconstruction cost risk. Retention Modeling: Use CoreLogic's propensity models to identity at-risk customers and understand where lost customers went. Customer Profiling & Predictive Analytics: Build customer profiles based on key property-related characteristics. Predict behavior based on trends and forecasts of the underlying property attributes (e.g., home price appreciation, new construction, etc.). To learn more about CoreLogic's Discovery Platform and additional use cases it can help solve, visit: www.corelogic.com/discovery-platform. About CoreLogic CoreLogic is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

Redfin Reports Rents Jumped 7% in a Month, Up 21% from 2020
Increase in rents outpaced the increase in the monthly cost of buying a home SEATTLE, Dec. 20, 2021 -- Average monthly rents increased 21% nationwide over the past year and 7% in a single month, according to a new report from Redfin, the technology-powered real estate brokerage. These are the highest annual and monthly growth rates in at least two years--as far back as Redfin's rental data goes. The national median monthly mortgage payment for homebuyers climbed at about the same annual rate—20%—but rose just 1% from October. Rapidly increasing housing costs are a big contributor to overall inflation, which hit 6.8% in November, its highest level since 1982. "First inflation came for the for-sale housing market, and now it is coming for the rental market," said Redfin Chief Economist Daryl Fairweather. "Many people have been priced out of the for-sale market and are looking to rent instead, but that demand is pushing up rents. Anyone who bought a home before this year can pat themselves on the back because their mortgage payments are fixed, meaning their biggest recurring expense is immune to inflation. If you are looking to buy or rent now, there's nowhere to hide from inflation when it comes to housing costs. The good news is that the tight labor market means it's a great time to move somewhere more affordable. Chances are good that no matter where you go, you'll be able to find a new job relatively quickly." Rent-price increases outpaced mortgage payment increases for new homebuyers in 19 of the 50 largest metro areas in the U.S. during November. Rents Are Up Over 30% in Many Major Metro Areas The 10 metro areas with the biggest increases in rent prices—up 28% year over year or more—were almost exclusively in Florida and New York. The exception is Austin, TX where rents were up 30%. Top 10 Metro Areas With Fastest-Rising Rents Year Over Year Miami, FL (35%) Fort Lauderdale, FL (35%) West Palm Beach, FL (35%) New York, NY (34%) Newark, NJ (34%) Nassau County, NY (34%) New Brunswick, NJ (34%) Jacksonville, FL (33%) Austin, TX (30%) Tampa, FL (28%) Only Kansas City and St. Louis saw rents decline year over year Kansas City, MO (-2.3%) St. Louis, MO (-0.3%) Only two metro areas saw a decrease in rent in November compared to a year earlier: Rents fell 2% in Kansas City, MO and less than 1% in St. Louis, MO. To read the full report, including metro-level data and additional commentary, please click here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.

Redfin Reports Home Prices Hit a New All-Time High
Homebuyers face a market that is already heating back up with a third of homes selling in just one week SEATTLE, Nov. 24, 2021 -- Home prices hit a new all-time high of $359,975 in the four-week period ending November 21, according to a new report from Redfin, the technology-powered real estate brokerage. This was up 14% year over year, the largest increase since early September. Prices have risen in the past month nearly four times faster than they did at the same time last year. The unseasonable surge in home prices appears to be drawing in more sellers, as the number of homes listed for sale was down less than 3% from 2020, and up 11% from 2019. "Rising rents and rising prices on everything from gas to groceries may be motivating more people to buy homes now," said Redfin Chief Economist Daryl Fairweather. "Buying a home is a type of hedge against inflation, especially with mortgage rates still near historic lows. If high inflation persists, a large home mortgage could seem a lot less expensive in just a few years." Key housing market takeaways for 400+ U.S. metro areas: Unless otherwise noted, this data covers the four-week period ending November 21. Redfin's housing market data goes back through 2012. Asking prices of newly listed homes were up 12% from the same time a year ago and up 26% from 2019 to a median of $352,250. Pending home sales were up 8% year over year, and up 51% compared to the same period in 2019. New listings of homes for sale were down 2.7% from a year earlier, but up 12% from 2019. Since the four-week period ending October 3, new listings are down 16%, a smaller decline than over the same period in 2019 (-21%) and in 2020 (-18%). Active listings (the number of homes listed for sale at any point during the period) fell 22% from 2020 and 41% from 2019. 45% of homes that went under contract had an accepted offer within the first two weeks on the market, above the 39% rate of a year earlier and the 28% rate in 2019. Since the four-week period ending September 19, the share of homes under contract within two weeks is up 1.6 percentage points. During the same time in 2019, the share fell 2.9 points. 32% of homes that went under contract had an accepted offer within one week of hitting the market, up from 27% during the same period a year earlier and 18% in 2019. Since the four-week period ending September 12, the share of homes under contract within a week is up 2.5 percentage points. During the same time in 2019, the share fell 2.2 points. Homes that sold were on the market for a median of 24 days, down from 31 days a year earlier and 46 days in 2019. 43% of homes sold above list price, up from 35% a year earlier and 21% in 2019. On average, 4.3% of homes for sale each week had a price drop, up 0.8 percentage points from the same time in 2020 and up 0.2 points from this time in 2019. The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, has declined just 0.1 points from 100.6% to 100.5% over the past month. In other words, the average home sold for 0.5% above its asking price. Other leading indicators of homebuying activity: Mortgage purchase applications increased 5% week over week (seasonally adjusted) during the week ending November 12. For the week ending November 18, 30-year mortgage rates rose back above 3% to 3.1%. Touring activity through November 21 fell about 1 percentage point behind 2019 relative to the first week of January according to home tour technology company ShowingTime. The Redfin Homebuyer Demand Index fell 7% during the week ending November 21 but was up 14% from a year earlier. To view the full report, including charts and methodology, click here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.

Plunk Partners with Restb.ai to Power the Next Generation Home Valuation Platform
Plunk's New Dynamic Valuation Model will Leverage Restb.ai's Advanced Image Analysis Capabilities BELLEVUE, Wash. -- Plunk, the company bringing advanced analytics to residential real estate, today announced a partnership with Restb.ai, one of the industry leaders in advanced image analysis. Restb.ai will analyze, score, and tag over 400 million images from over 53 million homes in the US and will be used by Plunk's new AI-driven Dynamic Valuation Model. Plunk's new Dynamic Valuation Model analyzes nearly every home in America and tracks its changing value in real time. Pictures of the home—either available through public property records or simply uploaded from a phone—update the information about the home's current features, finish quality, and overall condition towards providing much greater accuracy. "Restb.ai's capabilities are the best in the industry," said Brian Lent, Plunk co-founder and CEO. "Given the important role that a home plays towards individual wealth building—and the role housing plays in our national economy—this might be the most innovative and important integration of AI, machine learning, and image analysis thus far." Residential real estate is the world's largest asset class—worth over $43 trillion in the US alone. However, much of the public records information about homes is either outdated or incorrect, causing a home's valuations to be inaccurate. This has been a source of both confusion for homeowners as well as a growing frustration across the residential real estate industry. Plunk provides REALTORS® with the analytic tools to be precise and provide their homeowner clients with accurate, trusted guidance on their home's value. "A real estate professional can learn a wealth of information by looking at a property's photos, but many of these valuable insights are unavailable at scale or through standard property datasets," commented Nathan Brannen, Restb.ai's chief product officer. "Leveraging the details hidden in photos, Plunk allows REALTORS® to create customized, market-specific, and highly accurate valuations in a matter of seconds." Plunk's Dynamic Valuation Model currently supports the greater Seattle market and is scheduled to launch nationally in Q1 2022. Sign up for early access at www.getplunk.com/realtor. About Plunk Plunk is an advanced data science and mobile technology company leveraging artificial intelligence, machine learning, computer vision, and image analysis to empower REALTORS® and residential real estate professionals to be authorities on home value—turning agents into trusted financial advisors. Plunk's new Dynamic Valuation Model™ allows REALTORS® to deliver accurate valuations in real-time which reflect a home's updates, condition, and finish grades, as well as provide their clients with expert guidance on both the costs and value impact of remodeling and renovating. For more information, visit www.getplunk.com. About Restb.ai Restb.ai is the leading image recognition solution for real estate. Their AI-powered solutions analyze property imagery to unlock real estate specific insights at the image, listing, and market-level. Imagine having a real estate expert analyze each of the 1 million property photos uploaded every day… Well, now you can. Learn more at Restb.ai.

Homebuyer Bidding-War Rate Drops to Lowest Level Since January
July's slowdown comes amid a broader cooling in the housing market, which is being driven by an increase in supply. SEATTLE, Aug. 16, 2021 -- In July, 60.1% of home offers written by Redfin agents faced competition, down from a revised rate of 66.5% in June and a pandemic peak of 74.1% in April, according to a new report from Redfin, the technology-powered real estate brokerage. While July's bidding-war rate was the lowest since January, it was still higher than the 57.9% bidding-war rate we saw in July 2020, when the housing market was recovering following a shutdown caused by pandemic restrictions. Homebuying conditions have been improving this summer following months of fierce competition and soaring prices that were driven by an intensifying housing shortage, a pandemic moving spree made possible by remote work and historically low mortgage rates. Home prices are stabilizing amid an increase in housing supply. Increased supply gives buyers more options to choose from, which helps reduce competition. It's also typical for competition to ease in the summer following the spring homebuying season, so seasonality is another factor at play. "Competition has started to slow in the last three weeks. We're now seeing five to eight offers on homes instead of 25, and they're coming in $5,000 to $10,000 above the listing price instead of $50,000 to $60,000," said Scott Mercer, a Redfin real estate agent in Sacramento, CA. "Buyers are pushing back. They've even started including appraisal contingencies again and making requests for repairs—things that were pretty much unheard of last year." Fort Collins and Orlando Have the Highest Bidding-War Rates Fort Collins, CO—a college town and the state's fourth-most-populous city—had the highest bidding-war rate of the 47 U.S. metropolitan areas in this analysis, with 77.3% of offers written by Redfin agents facing competition in July. Next came Orlando, FL, at 77%, and Nashville, TN, at 74.6%. Honolulu, HI and Colorado Springs, CO rounded out the top five, with bidding-war rates of 74.1% and 73.2%, respectively. Sacramento, CA came in sixth place, with a bidding-war rate of 72.9%, down from 77.2% in June. "A slowdown in the migration of tech workers from the Bay Area is the biggest factor driving the drop in competition in Sacramento," Mercer said. "Sacramento exploded in popularity among remote workers during the pandemic. People coming from San Francisco were like kids in a candy store here because home prices were so inexpensive in comparison. But we're no longer seeing as big of an influx of those folks, likely because families can finally travel again and employers are asking people to come back to the office. It will be interesting to see if migration to Sacramento rebounds if the Covid situation continues to worsen." Sacramento was still the third-most-popular migration destination in the second quarter. That's based on net inflow, a measure of how many more Redfin.com home searchers looked to move into a metro than leave. Nationally, migration did slow slightly: 31.1% of Redfin.com users looked to move to a different metro in the second quarter, down from 31.5% a quarter earlier. View the full report, including charts and methodology, here. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, instant home-buying (iBuying), rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 6,000 people.

Certainty in Outlook: CoreLogic's Home Price Index Forecasts Provide Accurate Results, According to Latest Validation Report
Analysis reveals 12-month national forecast is within 2.8% of actual HPI increase CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its latest CoreLogic HPI Forecast Validation Report that compares its 12-month CoreLogic Home Price Index (HPI) Forecasts to the actual CoreLogic HPI. The report compares the changes in national and key metro-level forecasts made in November 2019 to the actual CoreLogic HPI, which includes data through November 2020. The CoreLogic HPI Forecasts are a projection of home prices using the CoreLogic HPI and other economic variables. National values are derived from state-level forecasts by weighing indices according to the number of housing units for each state. Published twice yearly, the CoreLogic HPI Forecast Validation Report is designed to provide transparency into CoreLogic forecasting abilities. The most recent report shows: Over a 12-month period, seven of the top 50 most populous metropolitan areas had a forecast that was within one percentage point of the actual home-price change. The National Index Forecast had a 5.4% change prediction, and the actual index value was 8.2% with a difference of 2.8%. The forecast was greatly impacted by unexpected demand increases due to lower interest rates, which was spurred on as a result of the coronavirus (COVID-19) pandemic. Cambridge-Newton-Framingham, Massachusetts; West Palm Beach-Boca Raton-Delray Beach, Florida; and Los Angeles-Long Beach-Glendale, California, had the most accurate forecasts. Home price growth in Austin-Round Rock, Texas, was the most significantly underestimated metro. There is some anecdotal evidence that many high-tech companies are relocating from high-cost areas like San Francisco and New York to alternative locations such as Austin, leading to price declines in the former two cities and an increase in the latter. All of the major metros included on CoreLogic's top 10 most-accurate list are new to the CoreLogic ranking, except for the Orlando-Kissimmee-Sanford, Florida, area, which was on the most accurate list in the November 2020 report. The Bridgeport-Stamford-Norwalk, Connecticut, metro continues to be the most undervalued mid-to-large sized market; Fort Walton Beach, Florida, is the most overvalued. "The pandemic has impacted CoreLogic's HPI Forecasts over the last 12 months, creating unforeseeable and ongoing market volatility," said Ann Regan, executive, product management for CoreLogic. "Even with these headwinds, our forecasts were highly accurate within the November 2019 to July 2020 timeframe and continue to demonstrate why CoreLogic is the gold standard in forecasting market price trends." Top 10 Most Accurately Forecasted Metros Listed in order of accuracy   About CoreLogic CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, buy and protect their homes. For more information, please visit www.corelogic.com.

zavvie selected to Berkshire Hathaway HomeServices and Real Living Real Estate Preferred Alliance Program
Preparing for a rebound, expansion connects 50,000+ network agents, clients to iBuyers Boulder, CO - June 8, 2020 -- Preparing for the coming real estate rebound, zavvie, the nation's only complete iBuyer platform for real estate brokerages, today announced its selection as a Preferred Alliance Program member of Berkshire Hathaway HomeServices and Real Living Real Estate, part of the HSF Affiliates LLC family of real estate brokerage franchise networks. As a Preferred Alliance member, zavvie expands its reach through one of America's fastest-growing real estate brokerage franchise networks. Berkshire Hathaway HomeServices and Real Living Real Estate together have more than 52,000 network agents in over 1,600 offices nationwide. Mark Stark, CEO/Owner in Las Vegas, Nevada has already partnered with zavvie, whose Offer Optimizer™ Suite technology connects agents and their clients to iBuyers. zavvie unlocks the ability for agents to present all the selling options to homeowners, from listing on the open market to choosing an instant sale. "Homeowners want to see what iBuyers will offer. We can show them what it looks like to sell their home to an iBuyer, sell their home on the open market, or they may choose not to sell," said Mark Stark. "Consumers want choices, and our new iBuyer service give them more choices than ever," adds Gordon Miles, President and COO in Las Vegas, Nevada. "We know from research that homeowners want the help of a professional real estate sales executive when they sell, including when they sell to an iBuyer. We are giving consumers what they are asking for." zavvie provides top brokerages and their agents the technology, marketing, and support they need to serve their clients in today's evolving real estate landscape. "A real estate rebound craves confidence, and the return of iBuyer offers will bring certainty to the marketplace," said Lane Hornung, co-founder, and CEO of zavvie. "Berkshire Hathaway HomeServices and Real Living Real Estate are among the most trusted names in business today. Achieving the status as a Preferred Alliance member grows zavvie's reach by more than 10x. It also demonstrates that brokerages must have an iBuyer strategy and a technology solution for their agents to tap into a business opportunity that will help fuel real estate's bounce back," Hornung added. Hornung notes that zavvie offers Berkshire Hathaway HomeServices and Real Living Real estate network members a customized solution with rapid creation and deployment – an essential benefit as brokerages look to ramp up business. "Millions of homeowners will want to see what an iBuyer will offer. The zavvie platform keeps the agent in the center of every transaction by streamlining the iBuyer process for agents and their clients. Now more than ever, consumers want a trusted advisor to help them sell their home, whatever path they choose to take, and zavvie provides agents the iBuyer tools they need." About Berkshire Hathaway HomeServices Berkshire Hathaway HomeServices is one of the world's fastest-growing residential real estate brokerage franchise networks, with more than 50,000 real estate professionals, nearly 1,500 offices throughout the U.S., Canada, Europe and the Middle East, and more than $119 billion in real estate sales volume. The network, among the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the real estate market a definitive mark of trust, integrity, stability and longevity. Visit www.bhhs.com. About Real Living Real Estate Real Living Real Estate is a full-service real estate brokerage franchise company with a comprehensive and integrated suite of resources for franchisees and their sales professionals, as well as for consumers who work with them. Real Living Real Estate earned a record 98% customer satisfaction rating for 2019, according to independent rating service Quality Service Certification, Inc., Additionally, the Real Living brand and its innovative concepts were recognized by Entrepreneur magazine as well as by Inman News with several Inman Innovator Awards. Real Living Real Estate is a network brand of HSF Affiliates LLC, which is owned by HomeServices of America, Inc., a Berkshire Hathaway affiliate. About zavvie zavvie is a technology company that connects agents and their clients with iBuyers. zavvie's Offer Optimizer™ Suite bridges the gap for consumers who may not be aware of all their options for selling. Currently operating in iBuyer markets and rapidly expanding, zavvie gives top brokerages and agents all they need to thrive by serving their clients in today's evolving real estate landscape: easy to use tools, technology, training, marketing, and strategy. zavvie Offer Optimizer™ received an Inman Innovator Award for Most Innovative Real Estate Technology, and the company is a graduate of the National Association of REALTORS® REach® program. For brokerages interested in licensing Offer Optimizer™ technology, visit zavvie.com.

Seven Gables Real Estate Launches New iBuyer Service for Homeowners
Leading Orange County Brokerage Partners with Offer Optimizer by zavvie to Give Homeowners More Ways than Ever to Sell Their Homes Tustin, CA - January 29, 2020 -- Seven Gables Real Estate, one of Orange County's largest real estate brokerages and nationally recognized for innovation, announces the launch of a new iBuyer service. The new Seven Gables' "Offer Optimizer" delivers more ways than ever for homeowners to sell their homes. "Just push a button – that's all our clients need to do, and they'll receive multiple offers when selling a home," said Seven Gables Chief Executive and President Mike Hickman. "Our new Offer Optimizer allows us to deliver more value to local homeowners so they can make the best choices when they decide to sell," he added. Seven Gables Real Estate is partnering with zavvie, whose Offer Optimizer™ Suite technology connects agents and their clients to iBuyers. Offer Optimizer allows its home sellers to easily see all of their options. "Any Orange County homeowner can now compare selling their home on the open market to accepting an iBuyer offer, and they may even decide not to sell," Hickman said. Seven Gables Real Estate's new iBuyer Platform empowers its agents with a local market advantage: they uniquely can provide Orange County homeowners the ability to receive multiple offers instantly – all in one place. "Every homeowner wants to know all of their options before listing their home for sale," said Hickman. "More importantly, new research says collaboration is vital; homeowners want the help of a professional agent when they sell, and that includes selling to an iBuyer. Seven Gables agents can give Orange County homeowners the experience and knowledge they seek." A new iBuyer study found that 41 percent of all sellers would consider an iBuyer offer. Among those considering an iBuyer offer, 92 percent still want to be represented by a professional REALTOR®. Seven Gables Real Estate is known for having the most productive team of agents in its primary markets, outperforming all competitors by an average of 30% per agent for dollar volume sold. The firm works collaboratively with Orange County homeowners, setting objectives together to ensure mutual objectives are attained. As a member of Leading Real Estate Companies of the World®, Seven Gables is able to market local properties to over 500 top local real estate brokerage websites, connecting to 120,000 real estate professionals in more than 50 countries. The Seven Gables network taps into over 30,000 home buyers and sellers who move from market to market annually – delivering a beneficial source of buyers is unmatched by any other real estate network. Lane Hornung, CEO, and Founder of zavvie said, "Seven Gables Real Estate is nationally known as an innovator, being recognized by Inman News, Leading Real Estate Companies of the World, RISMedia and REAL Trends. Empowering their agents with Offer Optimizer to help homeowners tap into the world of iBuyers is another bold, innovative move that will continue to make Seven Gables the envy of their competitors." Hornung notes that the online tools zavvie provides are current, reliable, and packed with market-specific data so homeowners can make informed decisions with the guidance of a professional agent. More details about Seven Gables Real Estate's iBuyer Platform can be accessed here or on its website at sevengables.com. About Seven Gables Real Estate Seven Gables Real Estate is one of Orange County's largest real estate brokerage firms with some 430 agents serving 27 major communities throughout Southern California. Nationally recognized for innovation by Inman News, Leading Real Estate Companies of the World®, RISMedia and REAL Trends, Seven Gables leads its competitors in local experience and market knowledge with the most productive team of agents in its primary markets, outperforming all competitors by an average of 30% per agent for dollar volume sold. As a member of Leading Real Estate Companies of the World®, Seven Gables is able to market local properties to over 500 top local real estate brokerage websites, connecting to 120,000 real estate professionals in more than 50 countries. Learn more at sevengables.com. About zavvie zavvie is a technology company that connects agents and their clients with iBuyers. zavvie's Offer Optimizer™ Suite bridges the gap for consumers who may not be aware of all their options for selling. Currently operating in iBuyer markets and rapidly expanding, zavvie gives top brokerages and agents all they need to thrive by serving their clients in today's evolving real estate landscape: easy to use tools, technology, training, marketing, and strategy. Discover more at zavvie.com. zavvie Offer Optimizer™ received an Inman Innovator Award for Most Innovative Real Estate Technology, and the company is a graduate of the National Association of REALTORS® REach® program. For brokerages interested in licensing Offer Optimizer™ technology, visit zavvie.com.

RE/MAX Acquires Data Science Startup First, Continuing the Brand's Technological Transformation
World's Most Productive Real Estate Network Gains Competitive Advantage with Access to First's Intelligent Coaching Platform DENVER -- RE/MAX Holdings, Inc., parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, today announced that it has acquired First, a technology company that leverages data science, machine learning and human interaction to help real estate professionals better leverage the value of their personal network. The four-year-old, North Carolina-based technology startup is known for creating the First app, an intelligent coaching platform that makes it easy for agents to identify likely sellers within their own network of contacts. With a focus on helping agents identify future listings, the app prioritizes who agents should reach out to and when, so they may strengthen current relationships when it matters most. It also organizes and consolidates an agent's database and provides reporting on how much business is both won and lost from within an agent's network. "We have set our sights on becoming the global leader in real estate technology, and the acquisition of First is evidence of that steadfast commitment," said Adam Contos, RE/MAX Chief Executive Officer. "With First, we found next-level talent combined with a game-changing service, delivering exclusive access to one of the best products for agents out there today." With the acquisition, RE/MAX agents in the U.S. will gain exclusive access to First's platform at a significant discount beginning in early 2020. Current First clients not affiliated with RE/MAX may remain on through their current contract's expiration, or until the end of 2020. "We've seen the impact the First platform has had in growing individual agents' businesses, and the fact that we'll now bring it to scale with the RE/MAX Network's extensive group of agents is motivating," said Mike Schneider, First CEO and Co-founder. "The race is on in the industry to establish technology as a true competitive advantage. For us, RE/MAX was the obvious choice given its brand, strategic roadmap, and global leadership position within the industry." Following the acquisition, Schneider will continue to lead the First team, who will remain in Durham, North Carolina, working closely with technology leaders at RE/MAX on upcoming integrations and contributions to the overall technology roadmap for the RE/MAX brand in 2020 and beyond. "We're committed to providing our global network of highly productive real estate agents with world-class tools, training and technology, and adding First to our powerful technology suite is the next step in that ongoing journey," said Nick Bailey, RE/MAX Chief Customer Officer. "It's the perfect complement to the booj Platform – our most recent technology offering that helps agents manage their business – and is another advantage for RE/MAX agents looking to grow their businesses efficiently and effectively." The technology transformation of RE/MAX began in February 2018 when it acquired booj, an award-winning Colorado-based web design and technology company. Beginning in August 2019, the booj Platform, an integrated suite of digital products that empower high-producing agents, teams and brokers to proactively establish, manage and grow client relationships was made available to RE/MAX affiliates in the U.S. The brand is also planning the launch of a new remax.com and consumer-facing mobile experience that will enable RE/MAX affiliates to deliver a more data-driven and efficient homebuying experience for their clients in early 2020. About RE/MAX Holdings, Inc. RE/MAX Holdings, Inc. (NYSE: RMAX) is one of the world's leading franchisors in the real estate industry, franchising real estate brokerages globally under the RE/MAX® brand, and mortgage brokerages within the U.S. under the Motto Mortgage® brand. RE/MAX was founded in 1973 by David and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Now with more than 125,000 agents across over 110 countries and territories, nobody in the world sells more real estate than RE/MAX, as measured by total residential transaction sides. Dedicated to innovation and change in the real estate industry, RE/MAX launched Motto Franchising, LLC, a ground-breaking mortgage brokerage franchisor, in 2016.

Bidding Wars Fell to New 8-Year Low in August with 10% of Redfin Offers Facing Competition
San Francisco, San Diego and Las Vegas were the most competitive housing markets in August, but local buyers were far less likely to face a bidding war than last summer SEATTLE, Sept. 4, 2019 -- 10.4 percent of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in August, down from more than 42 percent a year earlier, according to a new report from Redfin, the technology-powered real estate brokerage. August's bidding-war rate overtakes July's 11.4 percent rate as the lowest on record since at least 2011. The national bidding war rate reached a high of 59 percent in March 2018 before starting to drop as homebuyers reached their limit with sky-high housing prices and rising mortgage rates. "Despite remaining near three-year lows, mortgage rates have failed to bring enough buyers to the market to rev up competition for homes this summer," said Redfin chief economist Daryl Fairweather. "Recession fears have been enough to spook some would-be buyers from making the big financial commitment of a home purchase. But assuming a recession doesn't arrive this fall or winter, consumers will likely adjust to the new 'normal' of continued volatility in the stock and global markets, and the people who need and want to make a move will take advantage of low mortgage rates. As a result, I still expect homebuying competition to pick back up in the new year." The San Francisco metro was the most competitive market in August, with 31 percent of offers written by Redfin agents on behalf of their homebuying customers facing a bidding war. But even though that's more competitive than every other major market in the U.S., the local bidding war rate is down from 73.5 percent a year earlier and down slightly from 31.8 percent in July. San Francisco is followed by fellow California metro San Diego, which saw an 18.4 percent bidding war rate. Then come Las Vegas (17.1%), Boston (15%) and Los Angeles (14.4%). The rate in San Jose was 10.3 percent, down from 77 percent a year earlier, and in Seattle, another expensive West Coast metro, it was 9.4 percent, a big year-over-year dip from 37.8 percent in August 2018. "Competition in the Seattle area has certainly slowed down since the second half of 2018. Last year, five out of five offers I submitted faced competition; now, it's one in five," said local Redfin agent Michelle Santos. "Now, for desirable homes, competition is still fierce, and the winning offer is one that's above the list price and waives contingencies. At the same time, average homes sit on the market for quite some time before they get any offers." Atlanta led the pack of least competitive markets, with just 2.4 percent of the offers submitted by Redfin agents in August facing competition. It's followed by Miami (3.1%), Raleigh (4.2%), Philadelphia (4.3%) and Chicago (5%). To read the full report, please visit: https://www.redfin.com/blog/august-2019-real-estate-bidding-wars About Redfin Redfin is a technology-powered real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry's lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 90 major metro areas across the U.S. and Canada. The company has helped customers buy or sell homes worth more than $85 billion.

RE/MAX Results Launches Buyside, Arming Agents with Real-time Buyer Demand Insights
The largest RE/MAX franchise in the country partners with Buyside, becoming the first brokerage to bring real-time buyer demand insights to Minnesota & Western Wisconsin PHILADELPHIA, PA, April 10, 2019 -- RE/MAX Results, the largest and most productive RE/MAX franchise in the country by transaction sides, announced a company-wide launch of Buyside, a groundbreaking new platform providing its sales professionals and their customers unprecedented insight into the buyer demand in their marketplace. The platform aggregates buyer activity in real-time across major real estate search portals, leading brokerage websites and other platforms, helping reveal prospective buyers for a specific home. "RE/MAX Results has a longstanding history of providing the very best marketing & technology tools to support our sales associates. We continue to deliver on that promise, being the first brokerage in our market to arm our sales associates with Buyside, a platform that provides valuable intel about what's going on in the market and helps us successfully connect more home-buyers and sellers," said Brenda Tushaus, CEO of RE/MAX Results. The partnership between Buyside and RE/MAX Results will help its 1,100+ sales professionals connect with more prospective home sellers by providing insight into the number of buyers actively searching for a home just like theirs. This intel will help RE/MAX Results agents determine optimal pricing for the property and after being listed for sale, automatically connect them to agents within their network who have a matching buyer for the home. "We're thrilled to be working with RE/MAX Results," said Alissa Harper, VP of Growth at Buyside. "Our partnership provides their sales professionals with a considerable advantage in their market and an innovative new way to best serve their customers." Buyside's core products include Home Valuation Sites which allow homeowners to understand the approximate value of their home using multiple automated valuations, as well as insight into the real-time buyer demand in their market. A Buyer Market Analysis report from Buyside which helps listing agents navigate pricing scenarios with prospective sellers while showcasing a list of matching buyers available for the home. Lastly, the back-end matching platform from Buyside intelligently connects listings agents with buyers agents who are a match for the property - ensuring more targeted marketing of the home and a quicker sale. About Buyside Buyside is a data analytics & marketing company on a mission to help real estate brokers profit from their largest untapped asset: data. Buyside aggregates buyer activity from a variety of sources, using it to power actionable insights and intelligent marketing tools that help brokers: generate and capture seller leads, win more listings, and close more transaction sides in house. For more information, visit http://getbuyside.com. About RE/MAX Results RE/MAX Results operates out of the Twin Cities, St. Cloud, Rochester, Duluth/Superior, Mankato, and western Wisconsin markets. Based upon the principles of entrepreneurship and customer service, RE/MAX Results has grown to 38 offices and more than 1,100 Sales Executives, making it the largest and most productive RE/MAX franchise in the United States. For over 30 years, RE/MAX Results has been leading the way with the highest producing sales executives in the country. RE/MAX Results is committed to selecting the most capable people in real estate—providing the best, most streamlined operational infrastructure, management by participation, and the highest standards of professionalism in the industry. For more information, visit results.net.

Introducing Secrets to Success Using Market Analytics
Market Analytics Success Guide Check out our new FREE Success Guide. Learn step-by-step tricks and tools using market analytics to win BIG in 2019! What you will learn: Marketing Effectiveness with Market Analytics Positioning Yourself as THE Neighborhood Expert Choosing the Right Marketing Analytics Tools for You The five products that will help you communicate market insights to consumers: BrokerMetrics® Recruit. Retain. Know Your Business. PRODUCT OVERVIEW BrokerMetrics® is a software toolkit that helps brokers and their teams become industry insiders and dominate their local markets. ListTrac You list it, we track it - analytics and reporting for your listing’s online performance PRODUCT OVERVIEW ListTrac provides unbiased, actionable marketing intelligence in one place for you to guide your online listing campaigns. RPR We specialize in helping MLS and Real Estate publishers monetize their websites without damaging their brand or user experience. PRODUCT OVERVIEW Realtors Property Resource® (RPR®) is an innovative website and app that brings together all available public records and MLS data and provides colorful, easy to share reports for every corner of real estate. MLS Tax Suite Comprehensive and Accurate Property Data at Your Fingertips PRODUCT OVERVIEW Since 1989, CRS Data has provided innovative data services that puts the power of clear and accurate property information in the hands of leading professionals. Market Snapshot® Stay top-of-mind & be the neighborhood expert with a follow-up system that gives your clients real-time, real estate market data & insights. PRODUCT OVERVIEW Stay relevant, keep contacts engaged and stake your claim as the market pro by empowering your contacts with accurate, real-time MLS market reports tailored to their needs.

Lovell Minnick Partners Acquires ATTOM Data Solutions, Leading Provider of Real Estate Data and Analytics
New Partnership Positions Market-Leading Property Data Expert for Sustained Growth PHILADELPHIA, LOS ANGELES and NEW YORK, January 8, 2019 – Lovell Minnick Partners, a private equity firm specializing in financial and related business services companies, today announced it has completed the acquisition of ATTOM Data Solutions ("ATTOM" or "the Company"), a leading provider of national real estate data and analytics. Lovell Minnick acquired ATTOM from Renovo Capital and Rosewood Private Investments. Financial terms of the private transaction were not disclosed. Headquartered in Irvine, California, ATTOM manages a comprehensive data platform that draws upon a wide range of sources to provide property tax, deed, mortgage, foreclosure, environmental risk, natural hazard and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. ATTOM licenses its data to companies in the real estate, mortgage, insurance, marketing and adjacent industries. "ATTOM's data provides mission-critical insights to enterprise clients who seek to make well-informed business decisions with the benefit of historic, rich and near real-time data," said Jason Barg, Partner, Lovell Minnick Partners. "We're excited to partner with CEO Rob Barber and his team who have an excellent reputation for leadership and innovation in the real estate data and information services market." "ATTOM remains focused on expanding our seamless end-to-end data platform to deliver greater value for our customers as we continue to grow our market share in our core markets and build out our footprint in new end-markets across the U.S.," said Barber. "We look forward to the next chapter of our growth, supported by the experience and resources of Lovell Minnick Partners, as we further strengthen our position as the premier one-stop shop for high-quality real estate data." Lovell Minnick Partners has strong experience investing in technology-enabled service providers in the financial services sector, such as Engage People Inc., an innovative, market-leading solutions provider for the global loyalty and incentive industry, and more recently, SRS Acquiom, a market-leading provider of technology-enabled solutions to facilitate private market M&A transactions. Lovell Minnick Partners also has deep industry knowledge and relationships in the property sector developed through proprietary research and through prior investments in the space such as J.S. Held, a specialty advisory firm that provides property loss consulting among other services, and CenterSquare Investment Management, a global investment manager focused on actively managed real estate and infrastructure strategies. "ATTOM's management team has generated strong organic growth and successfully pursued accretive strategic opportunities such as their acquisition of neighborhood data provider Onboard Informatics in early 2018," said John Cochran, Partner, Lovell Minnick Partners. "We believe the Company's innovative technology platform, focus on superior data quality and customer service, and its recurring license revenue model position ATTOM extremely well for continued success in the space. We are eager to support management in executing their strategic plan to build the leading technology platform in the real estate data industry." ATTOM's extensive property database is also used to power consumer-facing websites such as RealtyTrac.com, Homefacts.com and HomeDisclosure.com. Morgan Lewis served as LMP's legal counsel. GCA Advisors acted as financial advisor to ATTOM, while Venable LLP served as ATTOM's legal counsel. Monroe Capital provided debt financing for the transaction. About Lovell Minnick Partners LLC Lovell Minnick Partners LLC is a private equity firm with expertise in investing in the financial and related business services sectors. With offices in Philadelphia, Los Angeles and New York, Lovell Minnick provides developing companies with equity capital to support private company recapitalizations, leveraged buyouts and pursue growth initiatives. Since its inception in 1999, Lovell Minnick Partners has raised $2.7 billion in committed capital and has completed investments in over 45 companies. Targeted investment areas include asset management, wealth management, investment product distribution, specialty finance, insurance brokerage and services, financial and insurance technology and business services. For more information, please visit www.lmpartners.com. About ATTOM Data Solutions ATTOM Data Solutions provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. A rigorous data management process involving more than 20 steps validates, standardizes and enhances the data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 9TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, APIs, market trends, marketing lists, match & append and more.

Affordability Moves Hot Markets Eastward from the West Coast
Midland, Texas retains hottest housing market title; possible Amazon HQ2 contenders take No. 2 and No. 3 spots SANTA CLARA, Calif., July 5, 2018 -- The nation's hottest markets are increasingly scattered throughout the country instead of dotted along its pricey western edge as more affordable markets move up the ranks, according to realtor.com®'s list of June's hottest housing markets. On average, markets in the top 20 hottest markets that have prices lower than realtor.com®'s national median list price of $299,000 jumped 12 ranking spots year-over-year. At the same time, California ended its historic streak of dominating the hotness list, dropping out of the top five rankings for the first time in six years. Midland, Texas, took the top spot for the second month in a row, followed by Columbus, Ohio and Boston -- which were both on the list of headquarters contenders announced by Amazon. In the hottest markets, homes continue to sell quickly. Age of inventory in the top 20 markets averaged only 34 days, faster than last June (36 days) with the typical age of inventory registering 40 days or less in each of the top 20 markets. Amid the most competitive home-buying season in history, buyers are increasingly gravitating toward less-expensive locales. According to realtor.com®'s June data, eight of the 20 hottest markets featured list prices that fell below June's median list price of $299,000. These markets saw the biggest upward movement on the list, while higher price markets did not see significant upward movement. "As the record pace of sales continues to challenge would-be homebuyers, the hottest market rankings show that buyers are looking for markets that offer relative affordability," said Danielle Hale, chief economist at realtor.com®. "In the three cities that were on Amazon's list of possible HQ2 contenders - Columbus, Ohio, Boston and Dallas - affordability isn't taking as big a hit as in other hot markets despite properties selling faster than just about everywhere else. This would change if Amazon were to come to town." In Columbus, prices stayed consistent year-over-year and, at $250,000, still remain below the typical U.S. median. Although Boston is pricey - the typical listing runs $529,000 – prices increased only 6 percent annually, compared to 9 percent for the U.S. as a whole. Finally, in Dallas, where listing prices are above the typical U.S. median at $356,000, the change in prices was also more manageable at just a 1 percent increase from last year. According to realtor.com®'s June housing data, the nation's inventory of active home listings decreased 4 percent on an annual basis, a slower rate than the 8 percent average decrease in the previous 12 months. Coupled with 547,000 new listings hitting the market in June, a 2 percent increase year-over-year, there is some relief to tight inventory conditions. But, with a record low of 54 days on market and a record high median listing price, the U.S. housing market will continue to be a challenge for buyers for the foreseeable future. Realtor.com® Hotness Index **Realtor.com® reviewed listing views by market as an indicator of demand and median days on market as an indicator of supply. This analysis led to the identification of the 20 hottest medium-sized to large markets in the country. About realtor.com® Realtor.com®, The Home of Home SearchSM, offers the most comprehensive source of for-sale MLS-listed properties, among competing national sites, and access to information, tools and professional expertise to help people move confidently through every step of their home journey. It pioneered the world of digital real estate 20 years ago, and today is the trusted resource for home buyers, sellers and dreamers by making all things home simple, efficient and enjoyable. Realtor.com® is operated by News Corp [NASDAQ: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS®. For more information, visit realtor.com.

Pending Home Sales Inch Back 0.5 Percent in May
WASHINGTON (June 27, 2018) – Pending home sales decreased modestly in May and have now fallen on an annualized basis for the fifth straight month, according to the National Association of Realtors®. A larger decline in contract activity in the South offset gains in the Northeast, Midwest and West. The Pending Home Sales Index, a forward-looking indicator based on contract signings, decreased 0.5 percent to 105.9 in May from 106.4 in April. Lawrence Yun, NAR chief economist, says this year's spring buying season will go down as one of unmet expectations. "Pending home sales underperformed once again in May, declining for the second straight month and coming in at the second lowest level over the past year," he said. "Realtors® in most of the country continue to describe their markets as highly competitive and fast moving, but without enough new and existing inventory for sale, activity has essentially stalled." The lackluster spring, according to Yun, has primarily been a supply issue, and not one of weakening demand. If the recent slowdown in activity were because buyer interest is waning, price growth would start slowing, inventory would begin rising and homes would stay on the market longer. Instead, the underlying closing data in May showed that home price gains are still outpacing income growth, inventory declined on an annual basis for the 36th consecutive month, and listings typically went under contract in just over three weeks. "With the cost of buying a home getting more expensive, it's clear the summer months will be a true test for the housing market. One encouraging sign has been the increase in new home construction to a 10-year high," added Yun. "Several would-be buyers this spring were kept out of the market because of supply and affordability constraints. The healthy economy and job market should keep many of them actively looking to buy, and any rise in inventory would certainly help them find a home." Yun now forecasts for existing-home sales in 2018 to decrease 0.4 percent to 5.49 million – down from 5.51 million in 2017. The national median existing-home price is expected to increase around 5.0 percent. In 2017, existing sales increased 1.1 percent and prices rose 5.7 percent. The PHSI in the Northeast increased 2.0 percent to 92.4 in May, but is still 4.8 percent below a year ago. In the Midwest the index rose 2.9 percent to 101.4 in May, but is still 2.5 percent lower than May 2017. Pending home sales in the South declined 3.5 percent to an index of 122.9 in May (unchanged from a year ago). The index in the West inched forward 0.6 percent in May to 94.7, but is 4.1 percent below a year ago. The National Association of Realtors® is America's largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.

ATTOM Data Solutions and AVM Analytics Launch New Lender-Grade AVM Available for 80 Million U.S. Homes
New ATTOMIZED AVM Available in 2,194 U.S. Counties Located in all 50 States; Full White Paper Detailing "Black Box" Behind AVM Methodology Available to Download IRVINE, Calif. – June 26, 2018 — ATTOM Data Solutions, curator of the nation's premier property database, and AVM Analytics, a valuation software development firm, today announced the launch of a new lender-grade automated valuation model — ATTOMIZED AVM. Valuations from the ATTOMIZED AVM are available for more than 80 million U.S. homes. The new ATTOMIZED AVM is now available for delivery via ATTOM's various data delivery platforms — bulk file, API, match-and-append, custom reports, and ATTOM Lists. "The new ATTOMIZED AVM fills an important gap in the world of property valuation products that primarily reside on one of two extremes: overpriced lender-grade AVMs that are only cost-effective for a select few giant corporations; and free AVMs available to the masses but diluted due to their inherent need to be all-inclusive — not to mention they are typically not available to be delivered in bulk," said Rob Barber, CEO with ATTOM Data Solutions. "The ATTOMIZED AVM targets the big middle between those two extremes, providing the marketplace with a lender-grade AVM delivered via bulk data delivery platforms that are flexible and cost-effective." The new ATTOMIZED AVM employs multiple valuation models to calculate the estimated value of a home and then applies a cascading model selection algorithm to choose the approach that is most accurate in the geographic area surrounding the individual property. Accuracy rates are run regularly, comparing historic ATTOMIZED AVM values to actual sales prices, to ensure the model is continuing to cascade to the most accurate approach in every geography nationwide. Request ATTOMIZED AVM white paper with detailed explanation of methodology and accuracy. The model also intentionally excludes several types of properties that can have a negative impact on the predictive value of other homes and that require more situation-specific data and modeling outside of the methodologies that work best for standard residential properties of one to four units. Some excluded property types are mobile homes, extremely high-end luxury homes, special use properties, homes on farm land, and multi-unit homes with five or more units. "What we exclude is important," said Clifford A. Lipscomb, vice chair and co-managing director with AVM Analytics. "Not only do we exclude certain anomalous property types, but we also exclude the subject property itself, making our monthly accuracy tests a true out-of-sample comparison." Each property's AVM includes a confidence score that represents the precision of the AVM estimate and provides the basis for a range of values around the AVM, which is also included in the data delivered to clients. For example, a property with an ATTOMIZED AVM value of $500,000 and a confidence score of 92 could be expected to sell within 8 percent of the AVM — a range of $460,000 to $540,000. The confidence score, generated via a re-sampling process, offers a conservative estimate of precision due to our consideration of the full distribution of prices in local markets. "The ATTOMIZED AVM provides our customers with greater transparency on two levels," said Andy Krause, principal data scientist with AVM Analytics, who manages the ongoing development of the ATTOMIZED AVM. "First, we deliver transparency on the individual valuation level by including greater details of the value estimate range and the process of selecting between our multiple models. Second, we offer transparency on the overall process we use for this AVM in the form of a detailed white paper available to download upon request. Access to this ‘black box' used to develop an AVM is extremely rare in the industry, but we believe this level of transparency will arm our clients with more complete information to help them make better-informed decisions." Join webinar introduction to the new ATTOMIZED AVM from ATTOM Data Solutions. About ATTOM Data Solutions ATTOM Data Solutions provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. A rigorous data management process involving more than 20 steps validates, standardizes and enhances the data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 9TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, APIs, market trends, marketing lists, match & append and more. About AVM Analytics AVM Analytics is a valuation software development firm focused on providing insightful, transparent, and scalable solutions to clients interested in evaluating local real estate market dynamics. Its principals have more than 70 years of combined valuation experience spanning research and development activities in the appraisal and tax assessment industries, academic research, and automated valuation model design and development.

U.S. Home Prices at Least Affordable Level Since Q3 2008
Home Prices Less Affordable Than Historic Averages In 59 Percent of Local Markets; 75 Percent of Local Markets Not Affordable for Average Wage Earners IRVINE, Calif. – June 21, 2018 — ATTOM Data Solutions, curator of the nation's premier property database, today released its Q2 2018 U.S. Home Affordability Report, which shows that the U.S. home prices in the second quarter were at the least affordable level since Q3 2008. The report calculates an affordability index based on percentage of income needed to buy a median-priced home relative to historic averages, with an index above 100 indicating median home prices are more affordable than the historic average, and an index below 100 indicating median home prices are less affordable than the historic average. (See full methodology below.) Nationwide, the Q2 2018 home affordability index of 95 was down from an index of 102 in the previous quarter and an index of 103 in Q2 2017 to the lowest level since Q3 2008, when the index was 86. "Slowing home price appreciation in the second quarter was not enough to counteract an 11 percent increase in mortgage rates compared to a year ago, resulting in the worst home affordability we've seen in nearly 10 years," said Daren Blomquist, senior vice president at ATTOM Data Solutions. "Meanwhile home price appreciation continued to outpace wage growth, speeding up the affordability treadmill for prospective homebuyers even without the rise in mortgage rates." Home prices rising faster than wages in 64 percent of local markets Nationwide the median home price of $245,000 in Q2 2018 was up 4.7 percent from a year, down from 7.4 percent appreciation in the first quarter but still above the average weekly wage growth of 3.3 percent. Since bottoming out in Q1 2012, median home prices nationwide have increased 75 percent while average weekly wages have increased 13 percent during the same period. Annual growth in median home prices outpaced average wage growth in 275 of the 432 counties analyzed in the report (64 percent), including Los Angeles County, California; Maricopa County (Phoenix), Arizona; San Diego County, California; Orange County, California; and Miami-Dade County, Florida. Lowest home affordability indexes in Flint, Denver, Santa Fe, Nashville Counties with the lowest home affordability indexes in Q2 2018 were Genesee County (Flint), Michigan (70); Denver County, Colorado (72); Adams County (Denver area), Colorado (73); Santa Fe County, New Mexico (73); and Wilson County (Nashville area), Tennessee (75). Among 40 counties with a population of at least 1 million, those with the lowest home affordability indexes in Q2 2018 were Travis County (Austin), Texas (77); Alameda County (San Francisco area), California (81); Santa Clara County (San Jose), California (82); Oakland County (Detroit area), Michigan (82); and San Francisco County, California (83). Highest share of income needed to buy a home in Bay Area, Brooklyn Nationwide an average wage earner would need to spend 31.2 percent of his or her income to buy a median-priced home in Q2 2018, above the historic average of 29.6 percent. Counties with median home prices requiring the highest share of average wage earner income were Marin County (San Francisco area), California (133.2 percent); Kings County (Brooklyn), New York (123.1 percent); Santa Cruz County, California (121.5 percent); Monterey County (Salinas), California (100.3 percent); and San Francisco County, California (97.2 percent). Counties with median home prices requiring the lowest share of average wage earner income were Wayne County (Detroit), Michigan (13.5 percent); Clayton County, Georgia (13.7 percent); Rock Island (Quad Cities), Illinois (15.8 percent); Saginaw County, Michigan (16.4 percent); and Richmond County (Augusta), Georgia (16.4 percent). Median home prices not affordable for average wage earners in 75 percent of local markets An average wage earner would not qualify to buy a median-priced home in 326 of the 432 counties (75 percent) analyzed in the report based on a 3 percent down payment and a maximum front-end debt-to-income ratio of 28 percent. Counties where an average wage earner could not afford to buy a median-priced home in Q2 2018 included Los Angeles County, California; Cook County (Chicago), Illinois; Maricopa County (Phoenix), Arizona; San Diego County, California; and Orange County, California. About ATTOM Data Solutions ATTOM Data Solutions provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. A rigorous data management process involving more than 20 steps validates, standardizes and enhances the data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 9TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, APIs, market trends, marketing lists, match & append and more.

May Real Estate Market the Fastest on Record; Prices Up 6.3 Percent
The Typical Home Found a Buyer in 34 Days; Denver Homes Sold in Just Six Days SEATTLE, June 14, 2018--The typical home that sold in May went under contract in 34 days, according to Redfin, the next-generation real estate brokerage. May broke April's record of 36 days, which was the fastest month Redfin had recorded going back to 2010. Amid the speed, the national median home sale price rose to $305,600, a 6.3 percent increase from May 2017 across the 174 markets that Redfin tracks. The number of newly listed homes for sale increased 4.3 percent compared to May of last year, driving a 3.6 percent increase in the number of homes sold. However, the overall supply of homes declined 5.4 percent during the same time period. Just 2.5 months of supply remained at the end of the month, compared to the six months that generally signals a balanced market. Among homes that sold in May, 27.6 percent sold above their list price, the highest percentage Redfin has recorded, indicating strong competition for the few homes available. At the same time, nearly a quarter of homes for sale had a price drop in May, the highest percentage of price drops since September of 2017. "Prices are still increasing, but not at the same rate we saw earlier in the spring," said Redfin senior economist Taylor Marr. "The record percentage of homes sold above list price is at odds with the higher percentage of price drops in May. This tells us that while it's still very much a seller's market, price growth and rising mortgage rates may be pushing buyers to the limit of what they're able to pay." For the seventh month in a row, San Jose topped the nation with price growth over 25 percent. The supply of San Jose homes fell 13.8 percent compared to last year. That drop is actually the smallest decline in a 16-month stretch of inventory declines, an indication of the intensity of San Jose's inventory shortage. A bit of good news for San Jose buyers: the number of homes newly listed in May ticked up 11.2 percent compared to last year. After a prolonged period of inventory declines, some metro areas are finally seeing more homes hit the market. Washington, D.C. and Portland, OR have now had four months in a row of year-over-year increases in inventory. Seattle inventory increased for the second month in a row, up 17.4 percent in May compared to last year. "Two months of growing inventory is a positive sign for Seattle buyers, but the previous 43 consecutive months of inventory declines won't be reversed overnight," said Jessie Culbert, a Redfin agent in Seattle. "Even so, we can already feel a slight easing in the market. Homes are still selling quickly and often over-asking, but where last May a seller may have gotten 15 to 20 offers, this May it was two to five." Other May Highlights Competition Denver was the fastest market, with the typical home going under contract in just six days. Seattle and Tacoma, WA were the next fastest markets at seven median days on market, followed by Boston and Grand Rapids, MI at eight median days on market. The most competitive market in May was San Jose where 83.8% of homes sold above list price, followed by 79.6% in San Francisco, 76.2% in Oakland, 63.1% in Tacoma, WA, and 61.9% in Seattle. Prices San Jose had the nation's highest price growth, rising 27.6% since last year to $1,250,000. Tacoma, WA had the second highest price growth at 19.6% year-over-year, followed by Memphis, TN (16.9%), Las Vegas, (15.9%), and Rochester, NY (15.4%). No metros saw price declines in May. Sales Thirteen out of 73 metros saw sales surge by double digits from last year. Warren, MI led the nation in year-over-year sales growth, up 38.5%, followed by Baltimore, up 31.8%. Camden, NJ rounded out the top three with sales up 24.7% from a year ago. Buffalo, NY saw the largest decline in sales since last year, falling 17.2%. Home sales in Rochester, NY and Baton Rouge, LA declined by 16.6% and 12.8%, respectively. Inventory Indianapolis had the largest decrease in overall inventory, falling 37.7% since May of last year. Rochester, NY (-37.1%), Buffalo, NY (-32.8%), and Milwaukee (-22.9%) also saw far fewer homes available on the market than a year ago. Portland, OR had the highest increase in the number of homes for sale, up 35.3% year over year, followed by Detroit (28.4%) and Allentown, PA (24.4%). Pricing Strategy To see trends in sellers' pricing strategies, Redfin compares the list price to the Redfin Estimate, Redfin's automated home-value estimate. When sellers consistently price their homes below the Redfin Estimate in a market, this can indicate a common strategy to deliberately underprice to create a bidding war. The median list price-to-Redfin Estimate ratio was 93.2% in San Francisco, the lowest of any market. This indicates the typical home for sale in May was listed at 94.1% of its estimated value. Only 5.9% of homes in San Francisco, CA were listed for more than their Redfin Estimate. Conversely, the median list price-to-Redfin Estimate ratio was 102.4% in Miami and 102.1% in West Palm Beach, FL, which means sellers are listing their homes for more than the estimated value in those metro areas. In Miami, 84.7% of homes were listed above their Redfin Estimate, the highest percentage of any metro. To read the full report, complete with data and charts, click here. About Redfin Redfin is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry's lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $60 billion in home sales.

Move Over California -- Midland, Texas is the Hottest Market in America
Only four California markets made May 2018 list, the lowest since the inception of the index SANTA CLARA, Calif., June 7, 2018 -- New data from realtor.com®, The Home of Home Search℠, reveals Midland, Texas was the nation's hottest housing market for the second month in a row. Only four California markets appeared on the monthly list of the nation's 20 hottest markets in sharp contrast of two months ago when more than half of the hottest housing markets were in California. May hotness was well distributed with 9 other states represented in the top 20 list: Texas, Massachusetts, Ohio, Idaho, New York, Michigan, Colorado, Indiana, Washington and Wisconsin. In fact, only two months ago the list was dominated by California markets when the top 10 included: San Francisco; Vallejo, Calif.; San Jose, Calif; Santa Cruz, Calif.; Sacramento, Calif.; and Stockton, Calif. Several of these markets made the list of top areas Californians are looking to leave, released last week. "The California housing market has been hot for a long time – but may be too hot. Our May hotness index further confirms we're seeing that as prices in California continue to soar, people are increasingly looking elsewhere," said Javier Vivas, director of economic research for realtor.com®. "As we continue into what we expect to be the hottest home-buying season in history, look for a wide variety of locales to remain red-hot." Spill-over of demand for more affordable markets is also as evident as ever in the list, with seven Midwest metros in the top 20, the highest since we started tracking. Markets that saw the largest jump in hotness last month were Fort Wayne, Ind. and Grand Rapids-Wyoming, Mich., which moved up 20 and 16 spots, respectively, since April likely due to their cold climate delaying the start of spring buying season. Nationally, inventory declined 6 percent year over year in May and increased 6 percent compared to April 2018, according to realtor.com monthly data. Median listing prices only grew 8 percent year over year for the third month in a row, down from 10 percent in February. Part of this deceleration can be attributed to 557,000 new listings hitting the market in May, the highest number since July 2015. Realtor.com® creates the list by analyzing housing market supply and demand by using realtor.com® listing views as an indicator of demand and median days on market as an indicator of supply. May 2018 Realtor.com® Hotness Rankings **Realtor.com® reviewed listing views by market as an indicator of demand and median days on market as an indicator of supply. This analysis led to the identification of the 20 hottest medium-sized to large markets in the country. Offering the most comprehensive source of information for-sale MLS-listed properties, realtor.com® tracks national housing trends as well as data for the 500 largest U.S. metros. For May trend data on these markets as well other housing trend data, please visit: https://realtor.com/research/data About realtor.com® Realtor.com®, The Home of Home Search℠, offers the most comprehensive source of for-sale MLS-listed properties, among competing national sites, and access to the information, tools and professional expertise to help people move confidently through every step of their home journey. It pioneered the world of digital real estate 20 years ago, and today is the trusted resource for home buyers, sellers and dreamers by making all things home simple, efficient and enjoyable. Realtor.com® is operated by News Corp [NASDAQ: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS®. For more information, visit realtor.com.

Existing-Home Sales Slide 2.5 Percent in April
WASHINGTON (May 24, 2018) — After moving upward for two straight months, existing-home sales retreated in April on both a monthly and annualized basis, according to the National Association of Realtors®. All four major regions saw no gain in sales activity last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 2.5 percent to a seasonally adjusted annual rate of 5.46 million in April from 5.60 million in March. With last month's decline, sales are now 1.4 percent below a year ago and have fallen year-over-year for two straight months. Lawrence Yun, NAR chief economist, says this spring's staggeringly low inventory levels caused existing sales to slump in April. "The root cause of the underperforming sales activity in much of the country so far this year continues to be the utter lack of available listings on the market to meet the strong demand for buying a home," he said. "Realtors® say the healthy economy and job market are keeping buyers in the market for now even as they face rising mortgage rates. However, inventory shortages are even worse than in recent years, and home prices keep climbing above what many home shoppers are able to afford." The median existing-home price for all housing types in April was $257,900, up 5.3 percent from April 2017 ($245,000). March's price increase marks the 74th straight month of year-over-year gains. Total housing inventory at the end of April increased 9.8 percent to 1.80 million existing homes available for sale, but is still 6.3 percent lower than a year ago (1.92 million) and has fallen year-over-year for 35 consecutive months. Unsold inventory is at a 4.0-month supply at the current sales pace (4.2 months a year ago). Properties typically stayed on the market for 26 days in April, which is down from 30 days in February and 29 days a year ago. Fifty-seven percent of homes sold in April were on the market for less than a month. "What is available for sale is going under contract at a rapid pace," said Yun. "Since NAR began tracking this data in May 2011, the median days a listing was on the market was at an all-time low in April, and the share of homes sold in less than a month was at an all-time high." Realtor.com®'s Market Hotness Index, measuring time-on-the-market data and listings views per property, revealed that the hottest metro areas in April were Midland, Texas; Boston-Cambridge-Newton, Mass.; San Francisco-Oakland-Hayward, Calif.; Columbus, Ohio; and Vallejo-Fairfield, Calif. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage increased for the seventh straight month to 4.47 percent in April (highest since 4.49 percent in September 2013) from 4.44 percent in March. The average commitment rate for all of 2017 was 3.99 percent. "With mortgage rates and home prices continuing to climb, an increase in housing supply is absolutely crucial to keeping affordability conditions from further deterioration," said Yun. "The current pace of price appreciation far above incomes is not sustainable in the long run." First-time buyers were 33 percent of sales in April (highest since last July), which is up from 30 percent last month but down from 34 percent a year ago. NAR's 2017 Profile of Home Buyers and Sellers – released in late 2017 – revealed that the annual share of first-time buyers was 34 percent. "Especially with mortgage rates going up in recent weeks, prospective buyers should visit with more than one lender to ensure they are getting the lowest rate possible," NAR President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty. "Receiving a rate quote from multiple lenders could lead to considerable savings over the life of the loan. Ask a Realtor® for a few recommendations of lenders to contact to get a quote." All-cash sales were 21 percent of transactions in April, which is up from 20 percent in March and unchanged from a year ago. Individual investors, who account for many cash sales, purchased 15 percent of homes in April (unchanged from last month and a year ago). Distressed sales – foreclosures and short sales – were 3.5 percent of sales in April (lowest since NAR began tracking in October 2008), down from 4 percent last month and 5 percent a year ago. Three percent of April sales were foreclosures and 0.5 percent were short sales. Single-family and Condo/Co-op Sales Single-family home sales declined 3.0 percent to a seasonally adjusted annual rate of 4.84 million in April from 4.99 million in March, and are 1.6 percent below the 4.92 million sales pace a year ago. The median existing single-family home price was $259,900 in April, up 5.5 percent from April 2017. Existing condominium and co-op sales increased 1.6 percent to a seasonally adjusted annual rate of 620,000 units in April (unchanged from a year ago). The median existing condo price was $242,500 in April, which is 3.4 percent above a year ago. Regional Breakdown April existing-home sales in the Northeast fell 4.4 percent to an annual rate of 650,000, and are 11.0 percent below a year ago. The median price in the Northeast was $275,200, which is 2.8 percent above April 2017. In the Midwest, existing-home sales were at an annual rate of 1.29 million in April (unchanged from March), and are 3.0 percent below a year ago. The median price in the Midwest was $202,100, up 4.6 percent from a year ago. Existing-home sales in the South decreased 2.9 percent to an annual rate of 2.33 million in April, but are still 2.2 percent above a year ago. The median price in the South was $227,600, up 3.9 percent from a year ago. Existing-home sales in the West declined 3.3 percent to an annual rate of 1.19 million in April, and are 0.8 percent below a year ago. The median price in the West was $382,100, up 6.2 percent from April 2017. The National Association of Realtors® is America's largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.

Realtors Midyear Forecast: Home Sales, Prices to Rise Despite Inventory, Affordability Challenges
WASHINGTON (May 17, 2018) – A stronger economy, wage growth and an improving job market are expected to march home sales and prices higher in 2018, but low supply and weakening affordability will tamper the rate of increases, according to speakers at a residential real estate forum during the 2018 REALTORS® Legislative Meetings & Trade Expo. Lawrence Yun, chief economist of the National Association of Realtors®, presented his 2018 midyear forecast and said despite headwinds a moderate and multiyear increase in home sales is likely ahead. After accelerating 3.8 percent in 2016, existing home sales rose only 1.1 percent to 5.5 million in 2017 and are forecast to finish 2018 at a pace of around 5.6 million (up 1.8 percent). He projects 5.7 million sales for 2019. "Overall fundamentals remain solid, driven by a growing economy and steady job creation, which will sustain home sales in 2018 slightly above last year's pace," said Yun. "The worsening housing shortage means home prices are primed to rise further this year too, hindering affordability conditions for homebuyers in markets across the country." Yun said the widespread shortage of homes for sale is the major factor limiting sales from being higher. While home sales have risen modestly since the start of the year, Yun said without more supply to fully satisfy demand and alleviate the upward pressure on prices, contract activity is likely to remain flat and will more or less continue sideways through the end of the year. Total housing inventory at the end of March was 1.67 million existing homes available for sale, which is 7.2 percent lower than a year ago (1.80 million). Inventory has trended down steadily for the past five years, said Yun, and the country is now experiencing the lowest inventory levels in a generation; unsold inventory is at a 3.6-month supply at the current sales pace, down from 3.8 months a year ago. Yun was joined onstage by Danielle Hale, chief economist at realtor.com®, who agreed there is an acute shortage, especially of affordable inventory. According to realtor.com® data there are 250,000 fewer starter homes, those priced under $200,000, now than there was two years ago, in May 2015. Millennials, boomers and investors may all be going after the same affordable inventory of homes, so competition is great, said Hale. "There is reason for optimism ahead though. We are starting to see new listings grow in recent months; the inventory shortage isn't over, it took us years to get into an inventory rut, so it's going to take us years to get out of it, but we do see signs of a turnaround," she said. Home price growth, up 48 percent from 2011 to 2017 and likely to rise an additional 4 percent in 2018, is far outpacing income growth, up only 15 percent during the same timeframe. Increased home prices on top of rising mortgage rates – Yun anticipates rates will rise to 4.6 percent in 2018 and 5 percent in 2019 – puts affordability at a six-year low, according to NAR's Housing Affordability Index, and will likely continue to fall in coming months. "Challenging affordability conditions have prevented a meaningful rise in the homeownership rate after having fallen to a 50-year low a few years ago," said Yun. "To increase homeownership, more home construction is needed, which could be boosted by delivering regulatory relief to community banks, removing the lumber tariff, re-examining stringent zoning laws and training more workers for the construction industry." On the topic of homeownership rates, Jessica Lautz, NAR's director of demographics and behavioral insights, presented findings during the forum from her thesis from Nottingham Trent University: "Is the Dream Still Alive? Tracking Homeownership Amid Changing Economic and Demographic Conditions". According to Lautz's doctoral work, the affordability crisis has impacted some segments of homebuyers more than others, specifically African American and Hispanic/Latino buyers and those with student debt. Student loan debt has risen dramatically and is a massive barrier to homeownership, said Lautz, and it is delaying home purchases among millennials who are paying their debt by a median of seven years. Her research found that consumers with student loan debt who were successful in buying purchased a home costing 17 percent less than those without any student debt. "The homeownership rate amongst some ethnic groups hasn't rebounded since the recession, and the ongoing affordability crisis has hampered potential buyers under 35, especially those with student debt, from accessing mortgage credit and making home purchases," said Lautz. Yun said consumer optimism that now is a good time to buy a home has fallen the past two years, according to data from NAR and other industry consumer sentiment surveys. While the lack of supply and challenging affordability conditions is chipping away at homebuyer optimism, Hale said buyers aren't giving up their dreams of purchasing a home. New survey data from realtor.com® found three-fourths of recent shoppers started their home search in 2017 and are still in the market in 2018. "Buyers know it's tough, 35 percent of shoppers anticipate a lot of competition, but they remain optimistic, and more than 70 percent expect to close in 2018," she said. Yun said affordability conditions would improve measurably if homebuilders increased their production of homes, especially in the affordable price ranges. He forecasts starts to come in around 1.3 million in 2018 and reach 1.4 million in 2019, but that is barely above year-ago levels and well below demand. The National Association of Realtors® is America's largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.

Redfin Report: Shrinking Supply Sends Prices for Luxury Homes Up Nearly 8 Percent in First Quarter
Number of Luxury Homes for Sale Fell 20 Percent, Marking Four Consecutive Quarters of Inventory Declines SEATTLE, May 14, 2018 -- Luxury home prices in the first quarter of 2018 rose 7.9 percent compared to last year, to an average of $1.8 million, according to the latest report from Redfin, the next-generation real estate brokerage. The analysis tracks home sales in more than 1,000 cities across the country and defines a home as luxury if it is among the top 5 percent most expensive homes sold in the city in each quarter. The average price for the bottom 95 percent of homes was $330,000, up 7.5 percent compared to a year earlier. The strong price growth for luxury homes is due to decline in supply that has persisted since the second quarter of 2017. The number of homes for sale priced at or above $1 million fell 20.4 percent in the first quarter compared to a year earlier, while the number of homes priced at or above $5 million dropped 19.2 percent. The inventory shortage in the luxury market is newer and somewhat less severe than the inventory shortage for more affordable homes. The number of homes for sale priced below $1 million has been in decline since the third quarter of 2015 and fell 22.8 percent in the first quarter compared to last year. Competition for luxury homes is also escalating. The average luxury home that sold last quarter went under contract after 82 days on the market, nine days faster than the same period last year. While only 1.5 percent of luxury homes were bid up over the asking price, that's up from 1.3 percent in the first quarter of 2017. "For the first time since changes to the tax code went into effect, luxury buyers could no longer deduct more than $10,000 in state and local property taxes or interest for mortgages over $750,000. In a world of balanced supply and demand these changes would have dampened price growth. Instead, this quarter saw the strongest luxury price appreciation in four years, demonstrating that the current inventory crunch is extremely broad-based and affects buyers at every price range," said Redfin chief economist Nela Richardson. Several cities in Florida and Nevada saw strong luxury price growth in the first quarter. In Vero Beach, Florida, the average sale price for a luxury home soared 68 percent over last year to $2.65 million. The early January sale of a $17.5 million property likely played a role in driving up the average sale price in Vero Beach. Luxury home prices were up 51.3 percent in Reno, 26 percent in Las Vegas and 22.4 percent in Henderson, a Las Vegas suburb. Jaime Moore, a Redfin agent in Reno, said, "We're seeing an influx of buyers from high-cost areas such as Seattle, San Francisco and Southern California. Some come for retirement and the low taxes, others for tech jobs at companies like Tesla, Amazon and Switch. More companies are relocating here as the cost of living for the average employee has gotten too high in other cities. This is all leading many buyers to our area with larger pocketbooks than we have seen in the past and bidding wars and prices are reflecting that demand." Some cities saw luxury home prices decline in the first quarter. The average price for a luxury home fell furthest in Long Beach, California, down 26.1 percent year over year last quarter. Prices for high-end properties also fell in Washington, D.C. (-9.6%), Fort Lauderdale (-7.3%) and Clearwater (-4.5%). To read the full report, complete with city-specific data and charts, as well as a list of the 10 highest-priced home sales in Redfin markets in the first quarter, click here. About Redfin Redfin is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including theRedfin Estimate, the automated home-value estimate with the industry's lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $60 billion in home sales.

Seriously Underwater U.S. Properties Down 291,000 From Year Ago in Q1 2018, Smallest Annual Decrease Since Tracking Began in Q1 2013
Equity Rich U.S. Properties Down From Peak in Q2 2017, Up From Year Ago; Share of Properties with 20 to 50 Percent Equity Decreases 1.7 Million From Year Ago IRVINE, Calif. — May 3, 2018 — ATTOM Data Solutions, curator of the nation's premier multi-sourced property database, today released its Q1 2018 U.S. Home Equity & Underwater Report, which shows that at the end of the first quarter of 2018, more than 5.2 million (5,206,446) U.S. properties were seriously underwater (where the combined balance of loans secured by the property was at least 25 percent higher than the property's estimated market value), down by more than 291,000 properties from a year ago — the smallest year-over-year drop since ATTOM began tracking in Q1 2013. The 5.2 million seriously underwate r properties at the end of Q1 2018 represented 9.5 percent of all U.S. properties with a mortgage, up from 9.3 percent in the previous quarter but down from 9.7 percent in Q1 2017. "We've reached a tipping point in this housing boom where enough homeowners have regained both sufficient equity and sufficient confidence to tap into their home equity — resulting in a noticeably slower decline in seriously underwater properties and slower growth in equity rich properties," said Daren Blomquist, senior vice president at ATTOM Data Solutions. "This tapping of equity could take the form of a cash-out refinance, home equity loan or simply a home sale. We saw the biggest quarterly drop in average homeownership tenure for homeowners who sold in the first quarter since Q4 2008, evidence that more homeowners are reaching that equity-tapping tipping point more quickly and deciding to sell." Properties with 20 to 50 percent equity down by 1.7 million from year ago More than 19.5 million (19,513,871) U.S. properties had between 20 and 50 percent equity (LTV of between 80 and 50 percent) at the end of Q1 2018, down by 1,714,099 from a year ago, an 8 percent decrease. Homes with 20 to 50 percent equity represented 36.1 percent of all properties with a mortgage as of the end of Q1 2018, down from 36.3 percent in the previous quarter and down from 37.6 percent in Q1 2017. Equity rich properties represent one in four properties with a mortgage More than 13.8 million (13,841,082) U.S. properties with a mortgage were equity rich at the end of Q1 2018, up by more than 122,000 from a year ago but still down from a peak of more than 14 million equity rich properties in Q2 2017. The 13.8 million equity rich properties represented 25.3 percent of all U.S. properties with a mortgage, down from 25.4 percent in the previous quarter but still up from 24.3 percent in Q1 2017. Highest share of equity rich properties in coastal California, Honolulu, Seattle States with the highest share of equity rich homes were Hawaii (41.6 percent); California (41.5 percent); New York (34.8 percent); Washington (33.1 percent); and Oregon (31.8 percent). Among 98 metropolitan statistical areas with a population of at least 500,000, those with the highest share of equity rich homes were San Jose, California (66.1 percent); San Francisco, California (56.0 percent); Los Angeles, California (45.4 percent); Honolulu, Hawaii (43.1 percent); and Seattle, Washington (39.1 percent). Highest share of seriously underwater properties in Scranton, Baton Rouge, Youngstown States with the highest share of seriously underwater homes at the end of Q1 2018 were Louisiana (20.1 percent); Mississippi (18.0 percent); Iowa (17.2 percent); West Virginia (15.9 percent); and Illinois (15.9 percent). Among 98 metropolitan statistical areas with a population of at least 500,000, those with the highest share of seriously underwater homes at the end of Q1 2018 were Scranton, Pennsylvania (21.9 percent); Baton Rouge, Louisiana (19.9 percent); Youngstown, Ohio (19.5 percent); New Orleans, Louisiana (18.5 percent); and Toledo, Ohio (18.0 percent). Along with New Orleans, among 51 metro areas with at least 1 million people, those with more than 13 percent of seriously underwater properties were Cleveland, Ohio (16.5 percent); Milwaukee, Wisconsin (16.0 percent); St. Louis, Missouri (14.7 percent); Chicago, Illinois (13.8 percent); Detroit, Michigan (13.6 percent); Virginia Beach, Virginia (13.4 percent); and Kansas City, Missouri (13.4 percent). About ATTOM Data Solutions ATTOM Data Solutions provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. A rigorous data management process involving more than 20 steps validates, standardizes and enhances the data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 9TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, APIs and customized reports.

Pending Home Sales Move Up 0.4 Percent in March
WASHINGTON (April 30, 2018) — Pending home sales inched higher for the second consecutive month in March, but unrelenting inventory constraints once again kept overall activity below year ago levels, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, inched up 0.4 percent to 107.6 in March from a downwardly revised 107.2 in February. Even with last month's increase in activity, the index declined on an annualized basis (3.0 percent) for the third straight month. Lawrence Yun, NAR chief economist, says contract activity is moving sideways and not breaking higher despite the strong job-creating economy. "Healthy economic conditions are creating considerable demand for purchasing a home, but not all buyers are able to sign contracts because of the lack of choices in inventory," he said. "Steady price growth and the swift pace listings are coming off the market are proof that more supply is needed to fully satisfy demand1. What continues to hold back sales is the fact that prospective buyers are increasingly having difficulty finding an affordable home to buy." Added Yun, "As anticipated, the multiple winter storms and unseasonably cold weather contributed to the decrease in contract signings in the Northeast." Looking ahead to the upcoming peak months for home sales, Yun believes that affordability will be a significant topic of discussion and driving factor of if overall activity can break out above year ago levels. Price appreciation in most markets continues to outpace incomes, and the recent uptick in mortgage rates to over a four-year high only adds to the budget constraints aspiring buyers are feeling this spring. "Much of the country is enjoying a thriving job market, but buying a home is becoming more expensive," said Yun. "That is why it is an absolute necessity for there to be a large increase in new and existing homes available for sale in coming months to moderate home price growth. Otherwise, sales will remain stuck in this holding pattern and a growing share of would-be buyers — especially first-time buyers — will be left on the sidelines." Yun forecasts for existing-home sales in 2018 to be around 5.61 million — up from 5.51 million in 2017. The national median existing-home price is expected to increase around 4.4 percent. In 2017, existing sales increased 1.1 percent and prices rose 5.8 percent. The PHSI in the Northeast fell 5.6 percent to 90.6 in March, and is now 8.1 percent below a year ago. In the Midwest the index rose 2.4 percent to 101.3 in March, but is 6.0 percent lower than March 2017. Pending home sales in the South climbed 2.5 percent to an index of 128.6 in March, and are 0.3 percent higher than last March. The index in the West declined 1.1 percent in March to 94.7, and is 2.2 percent below a year ago. The National Association of Realtors® is America's largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.

54 Percent of U.S. Metros Post Median Home Prices Above Pre-Recession Peaks in Q1 2018
Houston, Dallas, Denver, San Jose, San Antonio Prices 50+ Percent Above Previous Peaks; Average U.S. Homeownership Tenure Posts Biggest Quarterly Drop Since Q4 2008; Report Includes Analysis of High-End Sales in Wake of Tax Reform IRVINE, Calif. – April 19, 2018 — ATTOM Data Solutions, curator of the nation's premier property database, today released its Q1 2018 U.S. Home Sales Report, which shows that median home prices in 57 of 105 metropolitan statistical areas analyzed in the report (54 percent) were above their pre-recession home price peaks in the first quarter. Nationwide the median home price of $240,000 in Q1 2018 was less than 1 percent below its pre-recession peak of $241,500 in Q3 2005, but still up 9.1 percent from a year ago. Metro areas with Q1 2018 median home prices the furthest above their pre-recession peaks were Houston, Texas (69 percent above); Dallas-Fort Worth, Texas (67 percent above); Denver, Colorado (62 percent above); San Jose, California (60 percent above); and San Antonio, Texas (57 percent above). Other major metros with at least 1 million people and with Q1 2018 median home prices at least 30 percent above pre-recession peaks were Nashville, Tennessee (46 percent above); Austin, Texas (45 percent above); Salt Lake City, Utah (42 percent above); Raleigh, North Carolina (35 percent above); Indianapolis, Indiana (31 percent above); and Oklahoma City, Oklahoma (30 percent above). "Rising interest rates and recently enacted tax reform that removed some tax incentives for homeownership were not enough to cool off red-hot home price appreciation in many parts of the country, with 30 of the 105 local markets analyzed posting double-digit gains in median home prices in the first quarter," said Daren Blomquist, senior vice president at ATTOM Data Solutions. "Home prices are still below pre-recession peaks in 46 percent of local markets, but nearly one-third of even those markets posted double-digit home price appreciation in the first quarter." Prices in Philadelphia, Hartford, Chicago, Baltimore, Tucson still below pre-recession peaks Median home prices in 48 of the 105 metro areas analyzed in the report (46 percent) were still below pre-recession peaks in Q1 2018, led by Bridgeport-Stamford-Norwalk, Connecticut (25 percent below); New Haven, Connecticut (22 percent below); Allentown, Pennsylvania (21 percent below); Philadelphia, Pennsylvania (20 percent below); and Hartford, Connecticut (19 percent below). Along with Philadelphia and Hartford, other major metros with at least 1 million people and with Q1 2018 median home prices at least 15 percent below pre-recession peaks were Chicago, Illinois (19 percent below); Baltimore, Maryland (17 percent below); Tucson, Arizona (16 percent below); Las Vegas, Nevada (16 percent below); and New York-Newark-Jersey City (15 percent below). San Jose, Flint, Spokane, Reno, Seattle post biggest annual home price increases Among the 105 metropolitan statistical areas analyzed in the report, those posting the biggest year-over-year increase in median home prices were San Jose, California (up 33 percent); Flint, Michigan (up 20 percent); Spokane, Washington (up 18 percent); Reno, Nevada (up 17 percent); and Seattle, Washington (up 16 percent). "In 2018 and in the next couple of years, we'll see more markets where home prices are entering boom territory. It's strange to say after so many years of stagnation, but buyers will want to beware right now in Denver, Miami, the LA area, Austin, San Francisco, Tampa and Seattle, where home prices are already 25 percent higher than they should be," said Ingo Winzer, founder and president at Local Market Monitor. "We don't think a bust is imminent — in fact we think prices in these markets will keep going up for several years — but dynamics like this have always ended badly in the past. If you're thinking of selling, this year or next would be a good time. If you're thinking of buying, either have a very short-term outlook or a very long one." Homeownership tenure posts largest quarterly drop since Q4 2008 U.S. homeowners who sold in Q1 2018 had been in their homes an average of 8.00 years, down 2 percent from 8.14 years in Q4 2017 — the biggest quarterly drop in average homeownership tenure since Q4 2008 — but still up from 7.69 years in Q1 2017. Among 40 metropolitan statistical areas with a population of at least 1 million, those with the biggest quarterly drop in average homeownership tenure were Cleveland, Ohio (down 6 percent); Seattle, Washington (down 6 percent); Salt Lake City, Utah (down 5 percent); Minneapolis-St. Paul, Minnesota (down 4 percent); and Sacramento, California (down 4 percent). Average home seller gains down from previous quarter, up from year ago U.S. homeowners who sold in Q1 2018 realized an average home price gain since purchase of $53,369, down from an average gain of $54,000 in Q4 2017 but still up from an average gain of $45,000 in Q1 2017. The average home seller gain of $53,369 in Q1 2018 represented an average 29.5 percent return as a percentage of original purchase price, down from a 29.8 percent return in the previous quarter but still up from a 25.7 percent return in Q1 2017. Among 154 metropolitan statistical areas analyzed in the report, those with the highest average home seller returns in Q1 2018 were San Jose, California (109.1 percent); San Francisco, California (73.6 percent); Seattle, Washington (66.0 percent); Kahului-Wailuku-Lahaina, Hawaii (65.3 percent); and Vallejo-Fairfield, California (58.8 percent). High-end share of home sales increases from year ago to highest level in a decade The report also included an analysis of high-end home sales trends in the wake of tax reform legislation passed in December that caps the mortgage interest deduction for federal income taxes at interest paid on $750,000 and caps the state and local tax deduction (including property taxes) at $10,000. Nationwide homes selling for more than $1 million accounted for 4.18 percent of all U.S. single family home and condo sales in Q1 2018, up from 4.02 percent of all sales in Q4 2017 and up from 3.38 percent of all sales in Q1 2017 to the highest level since Q4 2007. But the impact was varied depending on market. In San Jose, California, the nation's highest-priced metro area with a median sales price of $1,150,000 in Q1 2018, the share of homes selling above $1 million increased from 39.37 percent in Q1 2017 to 58.95 percent in Q1 2018. In Westchester County, New York, which had the highest average property tax among 1,414 counties analyzed by ATTOM Data Solutions, the share of home selling above $1 million decreased from 17.68 percent in Q1 2017 to 15.05 percent in Q1 2018. The analysis also looked at median price per square foot for homes that sold below and above $1 million. The median price per square foot of single family homes and condos that sold in the first quarter for under $1 million increased 10 percent from a year ago while the median price per square foot of homes that sold above $1 million increased 6 percent. The price-per-square foot trends also varied by market. In Westchester County, New York, the median price per square foot for homes that sold above $1 million increased 2 percent compared to a year ago while the median price per square foot for homes that sold below $1 million increased 11 percent. In Santa Clara County in the San Jose metro area, the median price per square foot for homes that sold above $1 million increased 17 percent from a year ago while the median price per square foot for homes that sold below $1 million increased 16 percent. Other high-level findings Sales to buyers using FHA loans (typically first-time homebuyers) accounted for 11.9 percent of all single family home and condo sales in Q1 2018, down from 12.6 percent in the previous quarter and down from 14.4 percent in Q1 2017 to the lowest level since Q1 2014 — a four-year low. Distressed home sales — including bank-owned (REO) sales, third-party foreclosure auction sales, and short sales — accounted for 14.7 percent of all single family home and condo sales in Q1 2018, up from 13.6 percent in Q4 2017 but still down from 16.9 percent in Q1 2017. All-cash purchases represented 30.0 percent of all single family home and condo sales in Q1 2018, up from 28.7 percent in Q4 2017 but down from 31.5 percent in Q1 2017. Sales to institutional investors (entities purchasing at least 10 properties in a calendar year) accounted for 1.7 percent of all single family home and condo sales in Q1 2018, down from 3.6 percent in Q4 2017 and down from 2.0 percent in Q1 2017 to the lowest level as far back as data is available, Q1 2000. About ATTOM Data Solutions ATTOM Data Solutions provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. A rigorous data management process involving more than 20 steps validates, standardizes and enhances the data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 9TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, APIs and customized reports.

NAR, realtor.com Report Housing Supply and Affordability Are at Odds in Markets Across U.S.
WASHINGTON (April 18, 2018) – At the national level, housing affordability is down from a year ago and fewer households can afford the active inventory of homes currently for sale on the market based on their income. That is according to joint research from the National Association of Realtors® and realtor.com®, a leading online real estate destination. Using data on mortgages, state and metro area-level income and listings on realtor.com®, the Realtors® Affordability Distribution Curve and Score is designed to examine affordability conditions at different income levels for all active inventory on the market. A score of one or higher generally suggests a market where homes for sale are more affordable to households in proportion to their income distribution. State affordability According to March data, the states with the lowest Affordability Score were Hawaii (0.52), California (0.57), Oregon (0.60), and the District of Columbia, Montana and Rhode Island (all at 0.64). In these areas, households at the median income level can afford only 19 to 23 percent of the active housing inventory. The states with the highest Affordability Score were Ohio (1.12), Indiana (1.09), Kansas (1.09), Iowa (1.07), and West Virginia (1.05). In these areas, a typical household can afford 54 to 62 percent of the active housing inventory currently on the market. Metro affordability By looking at the data by metropolitan statistical area (MSA), more metro areas experienced weakening (45) affordability conditions compared to improving conditions (35) from a year ago. The markets with the lowest affordability scores include Los Angeles-Long Beach, California (0.35), San Diego-Carlsbad, California (0.37), San Jose-Sunnyvale, California (0.43), Oxnard-Thousand Oaks-Ventura, California (0.45) and San Francisco-Oakland, California (0.48), where a typical household can only afford 3 to 11 percent of the active housing inventory. The Youngstown-Warren, Ohio-Pennsylvania market had the highest Affordability Score at 1.25, followed by Dayton, Ohio (1.19), Toledo, Ohio (1.18), Akron, Ohio (1.16), and Scranton-Wilkes-Barre, Pennsylvania (1.11). In these areas, the typical household can afford nearly 75 percent of the homes that are currently on the market. Lawrence Yun, NAR chief economist found a notable imbalance between what potential home buyers can afford and what is listed for sale. "The survey confirms that the lack of entry-level supply is putting affordability pressures on too many buyers – especially those at the lower end of the market, where demand is the strongest. This is why first-time buyers continue to struggle finding affordable properties to buy and are making up less than a third of home sales so far this year," said Yun.The Affordability Score decreased nationally from 0.86 to 0.84 between March 2017 and March 2018, because of rising prices across the country and a spike in mortgage rates. However, 14 states had better affordability compared to a year earlier, with the greatest increase in affordability in the District of Columbia (from 0.59 to 0.64), Vermont (from 0.81 to 0.84) Hawaii (from 0.50 to 0.52) and North Dakota (from 0.95 to 0.97). Thirty-five metro areas had better affordability compared to a year earlier, led by Austin-Round Rock, Texas (from 0.55 to 0.66), Syracuse, New York (1.04 to 1.1), North Port-Sarasota, Florida (0.60 to 0.66) and Palm Bay-Melbourne, Florida (0.71 to 0.77). "We've seen affordability improve as inventory declines have begun to lessen these areas. More balanced supply and demand dynamics have kept listing price growth below the national average, providing some much needed relief for stretched home buyers in these areas," according to Danielle Hale, chief economist for realtor.com®. "Wages are growing, which is welcome news for prospective buyers, but prices are increasing at a faster rate, up almost 6 percent in the first two months of 2018. Solutions to improve these conditions include more homeowners selling, investors releasing their portfolio of single-family homes back onto the market and more single-family housing construction," Yun said. The Realtors® Affordability Distribution Curve and Score was created to be a valuable resource for Realtors® and consumers to assess the affordability of markets in different income groups. The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries. Realtor.com® is the trusted resource for home buyers, sellers and dreamers, offering the most comprehensive source of for-sale properties, among competing national sites, and the information, tools and professional expertise to help people move confidently through every step of their home journey. It pioneered the world of digital real estate 20 years ago, and today helps make all things home simple, efficient and enjoyable. Realtor.com® is operated by News Corp [NASDAQ: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS®. For more information, visit realtor.com.

U.S. Foreclosure Activity Decreases 19 Percent in Q1 2018 to Stay Below Pre-Recession Levels for Sixth Consecutive Quarter
But Foreclosure Starts Up From Year Ago in 37 Percent of Local Markets; Foreclosure Rate on 2014 Vintage FHA Loans Rises Above Long-Term Average; Average Foreclosure Timeline Drops 23 Percent From Previous Quarter IRVINE, Calif. – April 12, 2018 — ATTOM Data Solutions, curator of the nation's premier property database, today released its Q1 2018 U.S. Foreclosure Market Report, which shows a total of 189,870 U.S. properties with a foreclosure filing during the first quarter of 2018, up 4 percent from the previous quarter but still down 19 percent from a year ago and 32 percent below the pre-recession average of 278,912 per quarter from Q1 2006 to Q3 2007 — the sixth consecutive quarter where U.S. foreclosure activity has been below its pre-recession quarterly average. The report also shows a total of 74,341 U.S. properties with foreclosure filings in March 2018, up 21 percent from an all-time low in the previous month but still down 11 percent from a year ago — the 30th consecutive month with a year-over-year decrease in U.S. foreclosure activity. An analysis of foreclosure activity by loan origination year shows that 45 percent of all properties in foreclosure as of the end of the first quarter were tied to loans originated between 2004 and 2008, down from 50 percent as of the end of Q4 2017 and down from 51 percent as of the end of Q1 2017. "Less than half of all active foreclosures are now tied to loans originated during the last housing bubble, one of several data milestones in this report showing that the U.S. housing market has mostly cleared out the backlog of bad loans that triggered the housing and financial crisis nearly a decade ago," said Daren Blomquist, senior vice president at ATTOM Data Solutions. "Meanwhile we are beginning to see early signs that some post-recession loan vintages are defaulting at a slightly elevated rate, a sign that some loosening of lending standards has occurred in recent years. Consequently, foreclosure starts are trending higher compared to a year ago in an increasing number of local markets — some of which are a bit surprising given the overall strength of housing in those markets." Foreclosure starts increase in 37 percent of local markets A total of 92,703 U.S. properties started the foreclosure process in Q1 2018, up 8 percent from the previous quarter but still down 10 percent from a year ago — the 11th consecutive quarter with a year-over-year decrease in U.S. foreclosure starts. Counter to the national trend, 82 of 219 metropolitan statistical areas analyzed in the report (37 percent) posted year-over-year increases in foreclosure starts in the first quarter, up from 20 percent of markets posting year-over-year increases in foreclosure starts in Q1 2017. Twenty-three of 53 metropolitan statistical areas with at least 1 million people (43 percent) posted a year-over-year increase in foreclosure starts in the first quarter, led by Indianapolis, Indiana (up 148 percent); Minneapolis-St. Paul, Minnesota (up 64 percent); Louisville, Kentucky (up 36 percent); Austin, Texas (up 30 percent); and Oklahoma City, Oklahoma (up 23 percent). Other markets posting double-digit percentage increases in foreclosure starts in Q1 2018 compared to a year ago were Milwaukee (up 21 percent) Dallas-Fort Worth (up 20 percent), San Antonio (up 17 percent), Las Vegas (up 15 percent), Birmingham, Alabama (up 13 percent), Charlotte (up 12 percent), Pittsburgh (up 12 percent), Raleigh (up 10 percent) and Nashville (up 10 percent). Bank repossessions down in 46 states and DC Lenders repossessed 65,413 U.S. properties through foreclosure (REO) in Q1 2018, down 2 percent from the previous quarter and down 28 percent from a year ago — the eighth consecutive quarter with a year-over-year decrease in U.S. REOs. Along with the District of Columbia, 46 states posted year-over-year decreases in REOs in the first quarter, including Florida (down 33 percent); New Jersey (down 24 percent); Texas (down 20 percent); Illinois (down 41 percent); California (down 36 percent); and Maryland (down 34 percent). "Maryland's housing market continues its stride to recovery, posting successive growth indicators since 2012," said Bernice E. Mensah, director of housing and economic research at the Maryland Department of Housing and Community Development. "The state's tightening housing market due in large part to sustained low unemployment rate, rising home prices, shrinking inventory of homes along with growing median income has helped turn the tide on foreclosure activity to its lowest level since Q3 2012. This has encouraged lenders to speed up their foreclosure processing to take advantage of growing home prices and clear up the foreclosure pipeline." Foreclosure activity below pre-recession levels in 56 percent of local markets Twenty-two states posted first quarter foreclosure activity totals below their pre-recession averages, led by Colorado, Michigan, California, Nevada and Georgia. Twenty-eight states and the District of Columbia posted first quarter foreclosure activity totals above their pre-recession averages, including New Jersey, New York, Pennsylvania, North Carolina and Maryland. First quarter foreclosure activity registered below pre-recession levels in 122 of the 219 metropolitan statistical areas analyzed in the report (56 percent), including Los Angeles, Chicago, Dallas-Fort Worth, Houston, and Miami. First quarter foreclosure activity continued to register above pre-recession levels in 97 of the 219 metro areas analyzed in the report (44 percent), including New York-Northern New Jersey, Philadelphia, Washington, D.C., Baltimore and Virginia Beach, Virginia. Atlantic City, Trenton, Philadelphia post highest metro foreclosure rates in Q1 2018 Nationwide one in every 706 U.S. housing units had a foreclosure filing in the first quarter of 2018. States with the highest foreclosure rates in the first quarter were New Jersey (one in 233 housing units with a foreclosure filing); Delaware (one in 317); Maryland (one in 385); Illinois (one in 425); and South Carolina (one in 458). Among 219 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in Q1 2018 were Atlantic City, New Jersey (one in every 113 housing units with a foreclosure filing); Trenton, New Jersey (one in 198); Philadelphia, Pennsylvania (one in 284); Columbia, South Carolina (one in 311); and Fayetteville, North Carolina (one in 321). Along with Philadelphia, other major metros with a population of at least 1 million and foreclosure rates in the top 25 highest nationwide included Cleveland at No. 6, Baltimore at No. 10, Chicago at No. 11, Riverside-San Bernardino in Southern California at No. 20, New York-Northern New Jersey at No. 22, Birmingham, Alabama at No. 23, and Las Vegas at No. 25. Foreclosure rate on 2014 vintage FHA loans above historical average The report also broke down percentage of open loans in foreclosure by loan origination year (vintage). As of the end of the first quarter of 2018, 0.48 percent of all open U.S. loans secured by real property were actively in foreclosure across all loan vintages. Loan vintages with the highest share of open loans in foreclosure were 2006 and 2007 (both with 1.52 percent) followed by 2005 (1.13 percent), 2008 (1.03 percent), and 2004 (0.85 percent). Among post-recession loan vintages originated in 2010 or later the highest share of open loans in foreclosure was for loans originated in 2014 (0.41 percent). The report also analyzed the share of open loans backed by the Federal Housing Administration (FHA) in foreclosure by loan vintage. Nationwide for all loan vintages, 0.96 percent of open FHA-backed loans secured by real property were in foreclosure, with the 2014 loan vintage posting the highest share in foreclosure of any post-recession loan vintage (1.28 percent). The 2014 loan vintage had the highest share of open FHA-backed loans in foreclosure among post-recession vintages in 54 of 109 (50 percent) metropolitan statistical areas with at least 10,000 active FHA-backed loans as of the end of the first quarter, including in Chicago, Dallas, Atlanta, Philadelphia and Phoenix. Average foreclosure timeline drops 23 percent in first quarter Properties foreclosed in the first quarter of 2018 had been in the foreclosure process an average of 791 days, down 23 percent from an average 1,027 days for properties foreclosed in the fourth quarter of 2017 and down 3 percent from an average of 814 days for properties foreclosed in the first quarter of 2017. States with the longest average foreclosure timeline for properties foreclosed in Q1 2018 were Nevada (1,765 days), Hawaii (1,584 days), Florida (1,247 days), Indiana (1,245 days), and New Jersey (1,182 days). States with the shortest average time to foreclose in Q1 2018 were Virginia (193 days), Mississippi (212 days), Wyoming (252 days), West Virginia (270 days), and Arkansas (282 days). About ATTOM Data Solutions ATTOM Data Solutions blends property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties multi-sourced from more than 3,000 U.S. counties. A rigorous data management process involving more than 20 steps validates, standardizes and enhances the data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. With more than 29.6 billion rows of transactional-level data and more than 7,200 discrete data attributes, the 9TB ATTOM data warehouse powers real estate transparency for innovators, entrepreneurs, disrupters, developers, marketers, policymakers, and analysts through flexible delivery solutions, including bulk file licenses, APIs and customized reports.

March 2018 Home Prices Surpass 2017 High
Inventory is 1.29 million listings; down 8 percent YoY, up 3 percent MoM SANTA CLARA, Calif., April 4, 2018 -- Realtor.com® today released its March 2018 monthly housing trend report, which shows the U.S. median listing price jumped 8 percent year-over-year to $280,000 last month, beating last July's highpoint of $275,000. Days on market dropped 7 percent compared to last year to 63 days and total listings dropped 8 percent. Realtor.com® receives its for-sale data directly from 99 percent of all U.S. MLSs and updates 90 percent of it every 15 minutes. According to Javier Vivas, director of economic research for realtor.com®: Our latest inventory data tells us buyers are out in full force this spring. Never in history have there been more eyes on fewer homes than today. At the end of March, we observed price gains that put us on pace for half of the homes listed this summer to be above $300,000. Buyers are not just paying more for the same home; the mix of homes in the market is rapidly changing. The injection of new listings above $350,000 remains healthy, but inventory between $200,000 and $350,000 remains anemic and non-existent under $200,000. This bodes well for buyers in the upper and luxury tiers, but paints a darker picture for the entry-level market. If the pattern holds, one in 12 listings nationally will be listed above $1,000,000 this summer, while only one in three will be listed under the $200,000 – the sweet spot targeted by nearly half of all buyers. In February, above $1,000,000 homes made up only one in every 40 home sales. March housing trends show the inventory depletion we've seen over the last two buying seasons is carrying over to this year. It's going to be a languid search for buyers this season as they face the harshest, most competitive buying conditions yet. While days on market and total listings are decreasing at a slower rate than before, 36 of the largest 100 markets in the country are still seeing inventory move at least a week faster than this time last year. This includes cold weather markets that are thawing faster than expected and quickly catching up to the rest of the country. For trend data on the 500 largest U.S. metros, please visit: https://realtor.com/research/data About realtor.com® Realtor.com® is the trusted resource for home buyers, sellers and dreamers, offering the most comprehensive source of for-sale properties, among competing national sites, and the information, tools and professional expertise to help people move confidently through every step of their home journey. It pioneered the world of digital real estate 20 years ago, and today helps make all things home simple, efficient and enjoyable. Realtor.com® is operated by News Corp [NASDAQ: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS®. For more information, visit realtor.com®.

Median-Priced Homes Not Affordable for Average Wage Earners in 68 Percent of U.S. Housing Markets
73 Percent of Markets Less Affordable Than a Year Ago; Eight of 10 Highest-Priced Counties Post Negative Net Migration in 2017 IRVINE, Calif. – March 29, 2018 — ATTOM Data Solutions, curator of the nation's premier property database, today released its Q1 2018 U.S. Home Affordability Report, which shows that median home prices in Q1 2018 were not affordable for average wage earners in 304 of 446 U.S. counties analyzed in the report (68 percent). The report determined affordability for average wage earners by calculating the amount of income needed to make monthly house payments — including mortgage, property taxes and insurance — on a median-priced home, assuming a 3 percent down payment and a 28 percent maximum "front-end" debt-to-income ratio. That required income was then compared to annualized average weekly wage data from the Bureau of Labor Statistics (see full methodology below). The 304 counties where a median-priced home in the first quarter was not affordable for average wage earners included Los Angeles County, California; Maricopa County (Phoenix), Arizona; San Diego County, California; Orange County, California; and Miami-Dade County, Florida. The 142 counties (32 percent of the 446 counties analyzed in the report) where a median-priced home in the first quarter was still affordable for average wage earners included Cook County (Chicago), Illinois; Harris County (Houston), Texas; Dallas County, Texas; Wayne County (Detroit), Michigan; and Philadelphia County, Pennsylvania. "Coastal markets are the epicenter of the U.S. home affordability crisis, but affordability aftershocks are now being felt further inland as housing refugees migrate from the high-cost coastal markets to lower-priced markets in the middle of the country where good jobs are available," said Daren Blomquist, senior vice president with ATTOM Data Solutions. "That in turn is pushing home prices above historically normal affordability limits in those middle-America markets." Eight of top 10 highest-priced counties post declines in net migration in 2017 The report also incorporated recently released Census bureau data showing net migration of population in 2017 at the county level. Net migration is the difference between the number of people coming to a county and the number of people leaving a county, including both domestic and international migration. Eight of the top 10 counties with the highest median home prices in Q1 2018 posted negative net migration in 2017: Kings County (Brooklyn), New York (25,484 net migration decrease); Santa Clara County (San Jose), California (5,559 net migration decrease); New York County (Manhattan), New York (3,762 net migration decrease); Orange County, California (3,750 net migration decrease); and San Mateo, Marin, Napa and Santa Cruz counties in Northern California. The two exceptions among the top 10 highest-priced counties were San Francisco County, California (5,555 net migration increase); and Alameda County, California, also in the San Francisco metro area (1,286 net migration increase) — both of which had large positive international migration outweighing negative domestic migration. Among the 446 counties analyzed in the affordability report, those with the largest net migration increases in 2017 were Maricopa County (Phoenix), Arizona (49,770 net migration increase); Clark County (Las Vegas), Nevada (36,635 net migration increase); Riverside County, California, in the "Inland Empire" of Southern California (23,397 net migration increase); Denton County, Texas in the Dallas metro area (21,333 net migration increase); and Hillsborough County, Florida, in the Tampa-St. Petersburg metro area (20,603 net migration increase). Median home prices in those five counties ranged from $197,000 in Hillsborough County to $360,000 in Riverside County. "Home affordability continues to be a symptom relating to a cultural divide of wage earners," said Michael Mahon, president at First Team Real Estate, covering Southern California. "Median wage earners are finding coastal communities unaffordable across Southern California, which is driving migration of the consumer population to create housing demand booms in such counties as Riverside County — recently recognized as one of the fastest growing counties in the state." 41 percent of markets less affordable than historic averages Among the 446 counties analyzed in the report, 181 (41 percent) were less affordable than their historic affordability averages in the first quarter of 2018, up from 35 percent of counties in the previous quarter and up from 24 percent of counties in the first quarter of 2017. Counties that were less affordable than their historic affordability averages included Los Angeles County, California; Harris County (Houston), Texas; San Diego County, California; Kings County (Brooklyn), New York; and Dallas County, Texas. Counties with the lowest affordability index (least affordable relative to their own historic affordability averages) were Santa Fe County, New Mexico (72); Grayson County, Texas in the Sherman-Denison metro area (75); Adams County, Colorado in the Denver metro area (77); Ellis County, Texas in the Dallas metro area (78); and Denver County, Colorado (79). Most affordable counties in Atlantic City, Baltimore, Philadelphia, Cleveland Among the 446 counties analyzed in the report, 265 (59 percent) were more affordable than their historic affordability averages in the first quarter of 2018, including Cook County (Chicago), Illinois; Maricopa County (Phoenix), Arizona; Orange County, California; Miami-Dade County, Florida; and King County (Seattle), Washington. Counties with the highest affordability index (most affordable relative to their own historic affordability averages) were Atlantic County (Atlantic City), New Jersey (223); Baltimore City, Maryland (156); Camden County, New Jersey in the Philadelphia metro area (153); Cuyahoga County (Cleveland), Ohio (153); and Howard County, Maryland in the Baltimore metro area (150). "Affordable home prices that are still accessible to the average wage earner are helping to spur positive net migration to some Ohio counties, particularly in the Columbus and Cincinnati metro areas," said Matthew L. Watercutter, broker of record for HER Realtors, covering the Dayton, Columbus and Cincinnati markets in Ohio. "But affordability could start to become a bigger challenge in Ohio if home price appreciation continues to outpace wage growth in most of the state's markets as it did in the first quarter." 73 percent of markets post worsening affordability compared to year ago A total of 326 of the 446 counties analyzed in the report (73 percent) posted a year-over-year decrease in their affordability index, meaning that home prices were less affordable than a year ago, including Los Angeles County, California; San Diego County, California; Miami-Dade County, Florida; Queens County, New York; and Riverside County, California. A total of 120 of the 446 counties analyzed in the report (27 percent) posted a year-over-year increase in affordability index, meaning that home prices were more affordable than a year ago, including Cook County (Chicago), Illinois; Harris County (Houston), Texas; Maricopa County (Phoenix); Arizona; Orange County, California; and Kings County (Brooklyn), New York. Highest share of income needed to buy in Brooklyn, Santa Cruz, San Francisco, Maui Nationwide an average wage earner would need to spend 29.1 percent of his or her income to buy a median-priced home in the first quarter of 2018, slightly below the historic average of 29.6 percent of income. Counties where an average wage earner would need to spend the highest share of income to buy a median-priced home in Q1 2018 were Kings County (Brooklyn), New York (119.0 percent); Santa Cruz County, California (108.8 percent); Marin County, California in the San Francisco metro area (106.3 percent); Maui County, Hawaii (94.1 percent); and New York County (Manhattan), New York (92.5 percent). Counties where an average wage earner would need to spend the lowest share of income to buy a median-priced home were Baltimore City, Maryland (10.2 percent); Bibb County (Macon), Georgia (11.0 percent); Wayne County (Detroit), Michigan (11.3 percent); Clayton County, Georgia in the Atlanta metro area (12.0 percent); and Rock Island County (Quad Cities), Illinois (13.4 percent). Home price appreciation outpacing wage growth in 83 percent of markets Home price appreciation outpaced average weekly wage growth in 370 of the 446 counties analyzed in the report (83 percent), including Los Angeles County, California; Harris County (Houston), Texas; Maricopa County (Phoenix), Arizona; San Diego County, California; and Orange County, California. Average weekly wage growth outpaced home price appreciation in 76 of the 446 counties analyzed in the report (17 percent), including Cook County (Chicago), Illinois; Duval County (Jacksonville), Florida; San Francisco County, California; Suffolk County (Boston), Massachusetts; and Lake County, Illinois in the Chicago metro area. About ATTOM Data Solutions ATTOM Data Solutions blends property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties multi-sourced from more than 3,000 U.S. counties. A rigorous data management process involving more than 20 steps validates, standardizes and enhances the data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. With more than 29.6 billion rows of transactional-level data and more than 7,200 discrete data attributes, the 9TB ATTOM data warehouse powers real estate transparency for innovators, entrepreneurs, disrupters, developers, marketers, policymakers, and analysts through flexible delivery solutions, including bulk file licenses, APIs and customized reports.

Existing-Home Sales Rebound 3.0 Percent in February
WASHINGTON (March 21, 2018) — Despite consistently low inventory levels and faster price growth, existing-home sales bounced back in February after two straight months of declines, according to the National Association of Realtors®. Sizeable sales increases in the South and West offset declines in the Northeast and Midwest. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, grew 3.0 percent to a seasonally adjusted annual rate of 5.54 million in February from 5.38 million in January. After last month's increase, sales are now 1.1 percent above a year ago. Lawrence Yun, NAR chief economist, says sales were uneven across the country in February but did increase nicely overall. "A big jump in existing sales in the South and West last month helped the housing market recover from a two-month sales slump," he said. "The very healthy U.S. economy and labor market are creating a sizeable interest in buying a home in early 2018. However, even as seasonal inventory gains helped boost sales last month, home prices – especially in the West – shot up considerably. Affordability continues to be a pressing issue because new and existing housing supply is still severely subpar." Added Yun, "The unseasonably cold weather to start the year muted pending sales in the Northeast and Midwest in January and ultimately led to their sales retreat last month. Looking ahead, several markets in the Northeast will likely see even more temporary disruptions from the large winter storms that have occurred in March." The median existing-home price for all housing types in February was $241,700, up 5.9 percent from February 2017 ($228,200). February's price increase marks the 72nd straight month of year-over-year gains. Total housing inventory at the end of February rose 4.6 percent to 1.59 million existing homes available for sale, but is still 8.1 percent lower than a year ago (1.73 million) and has fallen year-over-year for 33 consecutive months. Unsold inventory is at a 3.4-month supply at the current sales pace (3.8 months a year ago). According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage moved higher for the fifth straight month to 4.33 percent in February (highest since 4.34 percent in April 2014) from 4.03 percent in January. The average commitment rate for all of 2017 was 3.99 percent. Properties typically stayed on the market for 37 days in February, which is down from 41 days in January and 45 days a year ago. Forty-six percent of homes sold in February were on the market for less than a month. "Mortgage rates are at their highest level in nearly four years, at a time when home prices are still climbing at double the pace of wage growth," said Yun. "Homes for sale are going under contract a week faster than a year ago, which is quite remarkable given weakening affordability conditions and extremely tight supply. To fully satisfy demand, most markets right now need a substantial increase in new listings." Realtor.com®'s Market Hotness Index, measuring time-on-the-market data and listings views per property, revealed that the hottest metro areas in February were San Francisco-Oakland-Hayward, Calif.; Midland, Texas; Vallejo-Fairfield, Calif.; San Jose-Sunnyvale-Santa Clara, Calif.; and Sacramento-Roseville-Arden-Arcade, Calif. First-time buyers were 29 percent of sales in February, which is unchanged from last month and down from 31 percent a year ago. NAR's 2017 Profile of Home Buyers and Sellers – released in late 2017 – revealed that the annual share of first-time buyers was 34 percent. NAR President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, says first-time buyers are seeing stiff competition for the available listings in their price range. "Realtors® in several markets note that entry-level homes for first-timers are hard to come by, which is contributing to their underperforming share of overall sales to start the year." she said. "Prospective buyers should start conversations with a Realtor® now on what they want in a new home. Even with the expected uptick in new listings in coming months, buyers in most markets will likely have to act fast on any available listing that checks all their boxes." All-cash sales were 24 percent of transactions in February, which is up from 22 percent in January and the highest since last February (27 percent). Individual investors, who account for many cash sales, purchased 15 percent of homes in February, which is down from 17 percent in January and unchanged from a year ago. Distressed sales – foreclosures and short sales – were 4 percent of sales in February, down from 5 percent in January and 7 percent a year ago. Three percent of February sales were foreclosures and 1 percent were short sales. Single-family and Condo/Co-op Sales Single-family home sales rose 4.2 percent to a seasonally adjusted annual rate of 4.96 million in February from 4.76 million in January, and are now 1.8 percent above the 4.87 million pace a year ago. The median existing single-family home price was $243,400 in February, up 5.9 percent from February 2017. Existing condominium and co-op sales declined 6.5 percent to a seasonally adjusted annual rate of 580,000 units in February, and are now 4.9 percent below a year ago. The median existing condo price was $227,300 in February, which is 5.7 percent above a year ago. Regional Breakdown February existing-home sales in the Northeast fell 12.3 percent to an annual rate of 640,000, and are now 7.2 percent below a year ago. The median price in the Northeast was $258,900, which is 3.6 percent above February 2017. In the Midwest, existing-home sales dipped 2.4 percent to an annual rate of 1.22 million in February (unchanged from a year ago). The median price in the Midwest was $179,400, up 4.5 percent from a year ago. Existing-home sales in the South jumped 6.6 percent to an annual rate of 2.41 million in February, and are now 3.4 percent above a year ago. The median price in the South was $215,700, up 5.4 percent from a year ago. Existing-home sales in the West surged 11.4 percent to an annual rate of 1.27 million in February, and are now 2.4 percent above a year ago. The median price in the West was $370,600, up 9.6 percent from February 2017. The National Association of Realtors® is America's largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.

Redfin: Home Prices Post Strongest Gain in Nearly Four Years as a Double-Digit Inventory Decline Constrained Sales
Affordability Pressures Mount as Mortgage Rates Rise SEATTLE, March 15, 2018 — Home prices increased 8.8 percent year over year in February, according to Redfin, the next-generation real estate brokerage. The median sale price was $285,700 across the markets Redfin serves. This was the strongest February for price appreciation since March 2014. February also marks six years, or 72 consecutive months, of year-over-year price increases since the market bottomed out and began to recover. Constrained by a lack of supply, February home sales were nearly flat, up just 0.4 percent compared to last year. February saw an 11.4 percent decline in the overall number of homes for sale, marking the 29th consecutive month of year-over-year supply declines. Notwithstanding affordability concerns and low inventory, buyer demand remained strong and market speed continued to increase. The typical home that sold last month went under contract in 53 days, a week faster than one year prior. More than one in five (21.1%) homes that sold last month went for more than their list price, up from 19.6 percent last February. Of the offers Redfin agents wrote for their clients in February, 56 percent encountered competition compared to 58 percent last February. "Mortgage rates pushed upwards in February to the highest levels in nearly three years as home prices increased by their fastest pace since March 2014," said Redfin Chief economist Nela Richardson. "A growing economy, healthy buyer demand and low inventory drove the ramp up in prices last month. Combining even slightly higher rates with price growth this strong will make it even more challenging for first-time buyers to find affordable homes to buy this year. The good news for sellers is modest rate increases are unlikely to curtail buyer demand. Just 6 percent of respondents to a survey commissioned by Redfin said they would cancel their home buying plans if rates rose above 5 percent." The median value of off-market homes was $283,300, as measured by the Redfin Estimate, up 8.9 percent from last year. 58.1 percent of homes on the market in February were priced above their Redfin Estimate value, with a Redfin-List-to-Estimate Ratio of 100.3 percent, indicating that sellers are slightly overpricing their homes. Other February Highlights Competition Seattle, WA was the fastest market, with half of all homes pending sale in just 8 days, down from 12 days from a year earlier. Denver, CO and San Jose, CA were the next fastest markets with 9 and 10 median days on market, followed by Oakland, CA (13) and San Francisco, CA (14). The most competitive market in February was San Jose, CA where 83.1% of homes sold above list price, followed by 74.4% in San Francisco, CA, 67.5% in Oakland, CA, 54.8% in Seattle, WA, and 44.4% in Tacoma, WA. Prices San Jose, CA had the nation's highest price growth, rising 34.1% since last year to $1,180,000. Detroit, MI had the second highest growth at 19.8% year-over-year price growth, followed by Fresno, CA (19.5%), Tacoma, WA (17.9%), and New Orleans, LA (17.7%). No metros saw price declines in February. Sales Long Island, NY saw the largest decline in sales since last year, falling 32.6%. Home sales in Minneapolis, MN and Miami, FL declined by 13.0% and 12.9%, respectively. 6 out of 73 metros saw sales surge by double digits from last year. Louisville, KY led the nation in year-over-year sales growth, up 24.7%, followed by Greenville, SC, up 18.4%. Oklahoma City, OK rounded out the top three with sales up 15.8% from a year ago. Inventory Rochester, NY had the largest decrease in overall inventory, falling 40% since last February. Buffalo, NY (-39.6%), Atlanta, GA (-33.1%), and Albany, NY (-30.7%) also saw far fewer homes available on the market than a year ago. Salt Lake City, UT had the highest increase in the number of homes for sale, up 49.9% year over year, followed by Baton Rouge, LA (31.8%) and Washington, DC (13.9%). Redfin Estimate The median list price-to-Redfin Estimate ratio was 93.3% in San Francisco, CA, the lowest of any market. This indicates the typical home for sale in February was listed at a price 6.7% below its estimated value. Only 8.1% of homes in San Francisco, CA were listed for more than their Redfin Estimate. Conversely, the median list price-to-Redfin Estimate ratio was 102.6% in Miami, FL and 102.3% in West Palm Beach, FL, which means sellers are listing their homes for more than the estimated value in those metro areas. In Miami, FL, 86.4% of homes were listed above their Redfin Estimate, the highest percentage of any metro. To read the full report, complete with data and charts, please visit this page. About Redfin Redfin is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry's lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $60 billion in home sales. For more information or to contact a local Redfin real estate agent, visit www.redfin.com.

Buying a Home Will Be More Expensive this Spring
Rising home prices and interest rates push average monthly mortgage payment up sharply SANTA CLARA, Calif., March 13, 2018 -- Rising home prices and steadily increasing interest rates have pushed the average monthly mortgage payment up nearly 13 percent nationally over the past year, further challenging home buyers this spring, according to a new analysis released today by realtor.com®, a leading online real estate destination. U.S. home listing prices on realtor.com® have increased 10 percent year over year; while interest rates on a 30-year fixed-rate mortgage have increased 28 basis points during the same time period, increasing the monthly mortgage payment of a median price home by an additional $168 a month. A realtor.com® analysis of the top 20 housing markets revealed monthly mortgage payments have increased dramatically in five markets, where home prices are rising faster than the national average. The monthly mortgage payment for a median priced home will increase an average of $449 in Seattle, $378 in San Francisco, $363 in Los Angeles, $242 in San Diego, $236 in Minneapolis and $213 in Atlanta. (A complete list of the top 20 markets follows.) "Buyers can expect to see more of their paychecks go to their mortgage payments this year," said Danielle Hale, chief economist for realtor.com®. "Tight inventory has limited options for buyers and sent home prices soaring in many markets. Now, home buyers will also have to factor in higher mortgage rates." "This spring's home buyers will have to decide: do they give up some desired home features to get into that lower price range, or do they dig deeper into their wallets?" she added. Although rising interest rates play a role, Hale said, the majority of the payment increase can be attributed to the housing market's prolonged inventory shortage, which has pushed home prices above pre-recession levels in most markets. In the top 20 markets combined, 64 percent of the incremental payment increase is coming from a rise in prices and a shift toward more expensive homes, a dynamic that will further challenge first-time buyers. "Despite mortgage rates still being historically low, the combination of higher prices and rising rates, will further challenge trade-up and first-time buyers, usually millennials or gen-'X'ers. They will have to borrow more money at a higher rate to close on a home in this market," Hale said. Year-Over-Year Difference in Mortgage Payments for the U.S. and Top 20 Largest Markets About realtor.com® Realtor.com® is the trusted resource for home buyers, sellers and dreamers, offering the most comprehensive source of for-sale properties, among competing national sites, and the information, tools and professional expertise to help people move confidently through every step of their home journey. It pioneered the world of digital real estate 20 years ago, and today helps make all things home simple, efficient and enjoyable. Realtor.com® is operated by News Corp [NASDAQ: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS®. For more information, visit realtor.com.

Despite Record-High Costs, New Home Construction Showed Modest Growth in the Fourth Quarter, Redfin Finds
Builders Cited Labor and Land Shortage, Rising Lumber and Regulatory Costs as Top Barriers to Building More Homes SEATTLE , March 1, 2018 -- New construction homes accounted for 16.4 percent of all single-family homes for sale in the fourth quarter of 2017, up from 14.2 a year earlier, according to Redfin, the next-generation real estate brokerage. The median price of new single-family homes that sold last quarter was $377,800, the analysis found, up 1.6 percent year over year. Compared with existing homes, new construction sold at an average premium of $86,400 in the fourth quarter. Existing home prices increased 7.3 percent year over year. "New homes are more expensive than existing homes, and their prices tend to grow at a slower rate," said Redfin chief economist Nela Richardson. "However, new homes' slower price growth belies their advantage to buyers in the hottest markets. Buyers in these highly competitive markets have been attracted to new construction as a way to avoid bidding wars. They often find it's easier to negotiate with a single builder than to compete with several buyers and negotiate with a traditional seller." A key factor in the high price of new homes is rising construction costs. The estimated labor and materials cost of constructing a single-family home increased 1.2 percent year over year in the fourth quarter to $244,000 , the highest level since the Census Bureau began reporting it in 1988. Despite record-high construction costs, housing starts—the number of new residential homes that began construction—rose to 1.3 million in January, the strongest pace on record since 2007 and 7.3 percent above the January 2017 rate of 1.24 million. As housing starts provide insight into what's ahead for the housing market, this growth marked a key milestone in post-downturn recovery for housing. Still, the supply situation at present remains dire. In January, housing starts were 11.6 percent below the historical average (see chart). The total number of homes for sale in January was 14.4 percent below where it was a year prior, marking 28 consecutive months of declining inventory. With strong buyer demand expected to continue this year, there are still not nearly enough homes for sale. Though building more homes would seem like the obvious solution, a number of obstacles are standing in the way of construction. "We are growing, but not fast enough to keep up with demand," said Robert Dietz, chief economist for the National Association of Home Builders (NAHB). So Why Aren't More Homes Being Built? The largest challenges facing homebuilders and hindering residential construction, according to Dietz, include: Labor Shortage: Cost/availability of labor was builders' top concern in 2017, cited by 82% in a December NAHB survey. "The residential construction industry lost 1.5 million jobs during the Great Recession," said Dietz. "We haven't gained more than 800,000 back since then." Lumber Prices: Lumber prices have risen steadily since 2015 to their highest on record, peaking on February 23—up 45% year over year. Prices are likely to continue to rise due to a tariff on Canadian lumber added last year. According to Dietz, Canadian lumber accounts for one-third of all that used in constructing American homes. Land Shortage: Cost/availability of developed lots was cited by 58% of builders as a major challenge in 2017, and 65% expect the same in 2018. Zoning restrictions and evolving government regulation of where and how homes can be built exacerbate the land shortage. Regulatory Costs: According to the NAHB, there are more regulatory agencies involved in the building process at all levels of government than ever before, resulting in a 29.8% increase in regulatory costs between 2011 and 2016. The same study found that regulatory costs from all levels of government account for 24.3% of the final price of a home in the U.S., consistent with 2011, when regulatory costs accounted for an estimated quarter of a home's final price. Limited Credit Since the Recession: According to Dietz, lenders mostly granted loans for multi-family projects after the recession, which were considered less risky. This limited construction of single-family houses. The third quarter of 2017 marked 18 consecutive quarters of loan growth, according to the NAHB. While still strict, lending conditions have eased somewhat. Metro-Level Highlights for New Construction in the Fourth Quarter: Raleigh, NC had the highest portion of new home sales over the last three months, with 31.2% of all homes sold being new construction. Austin, TX and Nashville, TN followed behind at 26.3% and 26.1%, respectively. Three of the four metro areas with the lowest shares of new construction sales were in New York led by Buffalo, NY at just 0.9 percent of home sales followed by Rochester, NY (1.7%) and Hudson Valley , NY (2.0%). San Diego followed behind (2.2%), along with four other California metros that ranked in the bottom 20% of all metros for lowest portion of new construction—each with under one in 30 home sales being new construction. The metro areas with the highest year-over-year price growth per square foot for new construction sales last quarter were Tucson, AZ (16.3%), Chicago, IL (16%) and Las Vegas, NV (14%). The coastal Florida metros of Miami and West Palm Beach each posted price drops per square foot for new construction homes—falling 18.2% and 13.4% year-over-year. Honolulu, HI posted the largest year-over-year decline in price per square foot for new construction with a 36.2% drop. The estimated cost of constructing a new unit during fourth quarter was the highest in Long Island , NY at an average of $403,000 per home. Tucson, AZ ($280,000) , Hudson Valley , NY ($260,000) and Honolulu, HI ($258,000) rounded out the top four for average cost per unit permitted. North Port, FL , Raleigh, NC , and Austin, TX are building the most homes per capita at 29, 26 and 26 units per 10,000 residents, respectively. In contrast, Allentown, PA and Long Island , NY had far fewer new homes in the pipeline both with only 0.7 units permitted per 10,000 residents in each metro. A look at the total volume of building permits reveals that the metro areas poised to build the most new homes in the coming months are Houston, TX (10,182), Dallas, TX (9,249), Phoenix, AZ (6,933), and Seattle, WA (6,827). Those with the largest year-over-year increase in units permitted include Honolulu, HI (161%), Detroit, MI (104.9%) and Boston, MA (69.2%). In conjunction with its quarterly report on new residential construction, Redfin makes available on its Data Center a downloadable set of data on new construction prices, sales, inventory and other new residential market statistics. Redfin is also releasing building permit data—provided by the Census—allowing users to analyze average construction costs and compare the number of units built per capita across regions. Both datasets are available for download at the National, Metro, and County Levels since 2012. To read the full report, complete with data visualizations and downloadable datasets, click here. About Redfin Redfin is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry's lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $50 billion in home sales.

Pending Home Sales Stumble 4.7 Percent in January
WASHINGTON (February 28, 2018) — After seeing a modest three-month rise in activity, pending home sales cooled considerably in January to their lowest level in over three years, according to the National Association of Realtors®. All major regions experienced monthly and annual declines in contract signings last month. The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 4.7 percent to 104.6 in January from a downwardly revised 109.8 in December 2017. After last month's retreat, the index is now 3.8 percent below a year ago and at its lowest level since October 2014 (104.1). Lawrence Yun, NAR chief economist, says pending sales took a noticeable step back to start 2018. "The economy is in great shape, most local job markets are very strong and incomes are slowly rising, but there's little doubt last month's retreat in contract signings occurred because of woefully low supply levels and the sudden increase in mortgage rates," said Yun. "The lower end of the market continues to feel the brunt of these supply and affordability impediments. With the cost of buying a home getting more expensive and not enough inventory, some prospective buyers are either waiting until listings increase come spring or now having to delay their search entirely to save up for a larger down payment." Added Yun, "Even though contract signings were down, Realtors® indicated that buyer traffic in most areas was up January compared to a year ago. The exception was likely in the Northeast, where the frigid cold snap the first two weeks of the month may have contributed some to the region's large decline." The number of available listings at the end of January was at an all-time low for the month and a startling 9.5 percent below a year ago. In addition to new home construction making progress closer to its historical annual average of 1.5 million starts, Yun believes that two other factors must start occurring to alleviate the excruciatingly low supply levels that are slowing sales: institutional investors beginning to unload their portfolio of single-family properties back onto the market, and more hesitant homeowners deciding to sell. "As new multi-family supply catches up with demand and slows rents, some large investors may begin putting their holdings of affordable single-family homes up for sale, which would be great news, particularly for first-time buyers," said Yun. "Furthermore, sellers last year typically stayed in their home for 10 years before selling (an all-time high); although higher mortgage rates will likely discourage some homeowners from wanting a new home with a higher rate, there are possibly many pent-up sellers who may look to finally trade-up or move down this year." In 2018, Yun forecasts for existing-home sales to be around 5.50 million – roughly unchanged from 2017 (5.51 million). The national median existing-home price this year is expected to increase around 2.7 percent. In 2017, existing sales increased 1.1 percent and prices rose 5.8 percent. The PHSI in the Northeast dropped 9.0 percent to 87.0 in January, and is now 12.1 percent below a year ago. In the Midwest the index fell 6.6 percent to 98.2 in January, and is now 4.1 percent lower than January 2017. Pending home sales in the South declined 3.9 percent to an index of 121.9 in January, and are now 1.1 percent lower than last January. The index in the West decreased 1.2 percent in January to 97.9, and is 2.5 percent below a year ago. The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.

Remine Is Coming to the Chicagoland Area
Over 40,000 customers will have access to Remine Big Data FAIRFAX Va., Feb. 20, 2018 -- Midwest Real Estate Data (MRED) has signed a multi-year license to offer Remine's big data platform as a core offering to its customers. "MRED was named a finalist for the 2017 Inman Innovator Award. We pride ourselves in providing our members with the best and most innovative technology. We see Remine as paramount to continuing these efforts," said Rebecca Jensen, MRED President/CEO. "We are excited to provide MRED customers with this transformative business tool that allows agents, for the first time, to access merged consumer and property data visualized on a map. We can't wait to launch!" Jonathan Spinetto, Remine COO and Co-Founder said, "We are thrilled to partner with MRED as they continue to provide forward-thinking technology that empowers their customers. MRED agents are joining an emerging agent base that now has the data and tools to find new, off-market opportunities to grow their business right within Remine's unique Platform." About Remine Remine is the fastest-growing MLS platform in history. Many of the nation's most influential MLSs have signed to include Remine as core functionality for their 600,000 agents. Remine leverages big data solutions to empower the agent of the future. Visit Remine.com. About MRED Midwest Real Estate Data (MRED) is the real estate data aggregator and distributor providing the Chicagoland multiple listing service (MLS) to more than 40,000 brokers and appraisers and over 7,300 offices. MRED serves Chicago and the surrounding "collar" counties and provides property information encompassing northern Illinois, southern Wisconsin, and northwest Indiana. MRED delivers over twenty products and services to its customers. MRED is the 2013 Inman News Most Innovative MLS/Real Estate Trade Association, and for eight consecutive years the MRED Help Desk has been identified as one of the best small business centers in the United States and Canada by BenchmarkPortal. For more information please visit MREDLLC.com.

Data Drives Moxi Works and Sisu to Align in Strategic Partnership
SILICON SLOPES, UT — Feb 13, 2018 – The real estate market is booming, and there's never been more people competing for a slice of the profits. Smooth talking and likeability used to be the secret weapons of top producing agents and teams in the industry. Now, top producers are using tech solutions to give them the edge, all of them relying on one key component – data. As real estate teams and agents move towards more data driven sales processes, software companies Moxi Works and Sisu have partnered up to provide brokerages, teams, and agents with massive amounts of data and analytics to create a competitive edge. Sisu began a few years ago when a team of real estate agents in Salt Lake City leveraged a system of disciplined tracking and analysis of agent activities to more than double their sales numbers. Recognizing the power of the system, founder and CEO Brian Charlesworth took action and began developing the system of accountability into the full-fledged software platform, Sisu Team, that gamifies and visualizes the data to increase the top line revenue of real estate teams. "Top producers in real estate today are already creating an edge using data/activity tracking and analysis. Sisu makes this data both more meaningful and easier to track, bringing that edge to any agent or team that invests in the software," Charlesworth says. Moxi Works offers the first true open platform in the real estate industry, known as the Moxi Cloud, which now includes over 40 best-in-class tools and services. The Moxi Cloud integrates Moxi's own products (such as Moxi Engage CRM, Moxi Present, Moxi Talent, and more), as well as solutions from 40+ partners that span from lead generation to marketing and about 10 other critical functions in-between. Both platforms become exponentially more powerful when users have more data to plug into them, thus increasing agent engagement. Mike McHenry, VP of Channels and Partnerships said, "Data is the currency that holds a brokerage together; it's the bacon of our industry. We're ecstatic that a company like Sisu is out there and is partnering with us to provide better data and analytics to give our brokerages' agents a competitive edge. Moreover, it guides agents in how they can best take action with the data that is now at their fingertips." Sisu Team will leverage and add these key components using the Moxi Works open cloud platform: Goal Setting and Accountability. By eliminating duplicate agent entry and using data gathered in Moxi Engage and Moxi Present, Sisu Team will make it easier for agents to set activity and sales goals and provide team leaders, broker/owners with accountability coaching reports. Data Visualization. Visual data is high impact data. Sisu Team uses browser or TV monitor dashboards to communicate agents, teams and brokerage progress towards goals, and also helps team leads and managers identify trends and opportunities for improvement. Gamification. Sisu Team brings this highly successful practice to the real estate world. Team leaders can set up challenges to push key objectives and create a more engaging, entertaining, and motivating work environment with leaderboards displaying the results. Users who utilize the Moxi Engage CRM together with Sisu Team will enjoy these benefits: One point of data entry. Rather than inputting data into both systems, Moxi Engage is a complete, end-to-end real estate CRM system system providing brokerage website with lead capture, elegant drip marketing campaigns, transaction management, post transaction workflow, and continued sphere of influence marketing. Sisu Team leverages these automated steps and provides team leads, and broker/owners with better optics into agent data and accountability. Automation. The Moxi Cloud integrates dozens of leading real estate technology solutions – making it the central source for pipeline, client and transaction data. The Sisu Team platform utilizes this vast repository of data to create TV monitor leaderboards, sales challenges, and accountability coaching reports, thus increasing agent engagement. These are just a few of the synergies that the two tech companies will pursue with this partnership. Moxi has already built an impressive platform filled with data from industry leading applications. Sisu will contribute its performance data to that mix, and will undoubtedly become more effective and efficient as it plugs into the Moxi Open Cloud Platform and leverages the data stored there. As a result of the partnership, real estate brokerages, teams, and agents will receive more actionable insights from data sharing between the two platforms. With an even more complete suite of tools to manage every aspect of selling real estate, Moxi Works and Sisu will help these teams and brokerages create and sustain a competitive edge in today's saturated – but opportunity filled – market.

Average Home Seller Profits at 10-Year High of $54,000 in Q4 2017
But Homeowners Staying Put Longer as Average Homeownership Tenure Rises to New High; Kansas City, San Jose, Nashville Led Major Metros in Home Price Appreciation in 2017; All-Cash Purchase Share Increases Following Four Years of Declines IRVINE, Calif. – Feb. 1, 2018 — ATTOM Data Solutions, curator of the nation's largest multi-sourced property database, today released its Year-End and Q4 2017 U.S. Home Sales Report, which shows that home sellers in Q4 2017 realized an average home price gain since purchase of $54,000, up from $53,732 in the previous quarter and up from $47,133 in Q4 2016 to the highest since Q3 2007 — a more than 10-year high. That $54,000 average home seller profit represented an average 29.7 percent return on investment compared to the original purchase price, up from 28.8 percent in the previous quarter and up from 26.8 percent in Q4 2016 to the highest average home seller ROI since Q3 2007. "It's the most profitable time to sell a home in more than 10 years yet homeowners are staying put longer than we've ever seen," said Daren Blomquist, senior vice president at ATTOM Data Solutions. "While home sellers on the West Coast are realizing the biggest profits, rapid home price appreciation in red state markets is rivaling that of the high-flying coastal markets and producing sizable profits for home sellers in those middle-American markets as well." Among 155 metropolitan statistical areas with sufficient historical data, those with the highest average home seller ROI were San Jose, California (90.9 percent ROI); San Francisco, California (73.3 percent); Merced, California (64.6 percent); Seattle, Washington (64.4 percent); and Santa Cruz, California (59.8 percent). "The biggest story for the greater Seattle housing market in 2017 was persistently low inventory levels which continued to push home prices higher," said Matthew Gardner, chief economist at Windermere Real Estate, covering the Seattle market. "Sales in King County dropped modestly, but that can be blamed on rising prices which are forcing many buyers to look in neighboring counties to the north and south of Seattle where homes are significantly less expensive. I expect more of the same in 2018; an ongoing shortage of inventory combined with an economy that continues to add jobs means the Seattle market will remain very competitive and increasingly expensive." Kansas City, San Jose, Nashville lead major metros in home price appreciation The U.S. median home price in 2017 was $235,000, up 8.3 percent from 2016 to a new all-time high. Annual home price appreciation in 2017 slowed slightly compared to the 8.5 percent in 2016. Among 112 metropolitan statistical areas with a population of 200,000 or more and sufficient home price data, those with the biggest year-over-year increase in home prices were Ocala, Florida (up 14.3 percent); Kansas City, Missouri (up 13.4 percent); San Jose, California (up 13.3 percent); Salem, Oregon (up 12.9 percent); and Nashville, Tennessee (up 12.5 percent). Along with Kansas City, San Jose and Nashville, other major metro areas with a population of at least 1 million with a double-digit percentage increase in home prices in 2017 were Las Vegas (up 12.3 percent); Salt Lake City (up 10.9 percent); Seattle (up 10.8 percent); Orlando (up 10.7 percent); Tampa-St. Petersburg (up 10.7 percent); Portland (up 10.5 percent); and Jacksonville, Florida (up 10.1 percent). 64 of the 112 metros (57 percent) reached new record home price peaks in 2017, including Los Angeles, Dallas, Houston, Atlanta, and San Francisco. "Southern California closed out 2017 with sales volume increases, providing sellers with a continued positive rate of return growth on their homeowner equity, and we are forecasting a further bullish market in 2018," said Michael Mahon, president of First Team Real Estate, covering the Southern California market. "Low available listing inventories, greater consumer cash flows from tax plan changes, continued gains in the stock market and continued declines in unemployment, are all contributing factors to high consumer confidence, which we believe will further elevate property values in 2018." "Although Ohio continues to work through a long tail of lingering distress, strong buyer demand for both distressed and non-distressed properties pushed home prices to new all-time highs in the majority of markets across the state," said Matthew Watercutter, senior regional vice president and broker of record for HER Realtors, covering the Dayton, Columbus and Cincinnati markets in Ohio. "That strong buyer demand is evident in the increasing share of all-cash purchases statewide — more than one in three buyers in Ohio purchased with cash in 2017." Homeownership tenure at new record high nationwide, down in Denver, Dallas, Santa Cruz Homeowners who sold in the fourth quarter of 2017 had owned their homes an average of 8.18 years, up from 8.12 years in the previous quarter and up from 7.78 years in Q4 2016 to the longest average home seller tenure as far back as data is available, Q1 2000. Counter to the national trend, 10 of the 108 metro areas analyzed in the report posted a year-over-year decrease in average home seller tenure: Norwich-New London, Connecticut (down 5 percent); Denver, Colorado (down 3 percent); Bremerton-Silverdale, Washington (down 2 percent); Eugene, Oregon (down 2 percent); Colorado Springs, Colorado (down 2 percent); Provo-Orem, Utah (down 2 percent); Dallas-Fort Worth, Texas (down 1 percent); Manchester-Nashua, New Hampshire (down 1 percent); Chattanooga, Tennessee (down less than 1 percent); and Santa Cruz, California (down less than 1 percent). Cash sales share increases in 2017 following four years of declines Nationwide all-cash purchases accounted for 29.0 percent of single family home and condo sales in 2017, up slightly from 28.7 percent in 2016 and still well above the pre-recession average of 20.3 percent between 2000 and 2007. The increase in cash sales share in 2017 followed four consecutive years of annual decreases. Among 156 metropolitan statistical areas with a population of at least 200,000 and sufficient cash sales data, those with the highest share of all-cash purchases in 2017 were Mobile, Alabama (69.8 percent); Binghamton, New York (60.9 percent); Macon, Georgia (57.7 percent); and Columbus, Georgia (56.2 percent). U.S. distressed sales share drops to 10-year low, up in 12 states and DC Distressed home sales — including bank-owned (REO) sales, third-party foreclosure auction sales, and short sales — accounted for 14.0 percent of all U.S. single family home and condo sales in 2017, down from 15.5 percent in 2016 and down from a peak of 38.6 percent in 2011. Counter to the national trend, the share of distressed sales increased in 2017 in the District of Columbia (up 31 percent) and 12 states, including Delaware (up 21 percent); New Jersey (up 9 percent); Ohio (up 6 percent); Louisiana (up 19 percent); and New York (up 10 percent). Among 203 metropolitan statistical areas with a population of at least 200,000 those with the highest share of distressed sales in 2017 were Atlantic City, New Jersey (39.4 percent); Mobile, Alabama (32.0 percent); Montgomery, Alabama (29.9 percent); Fayetteville, North Carolina (27.3 percent); and Akron, Ohio (25.3 percent). Among 52 metropolitan statistical areas with a population of at least 1 million, those with the highest share of distressed sales in 2017 were Philadelphia, Pennsylvania (23.8 percent); Baltimore, Maryland (23.1 percent); Cleveland, Ohio (22.8 percent); Memphis, Tennessee (20.4 percent); and Columbus, Ohio (20.2 percent). Highest share of institutional investor purchases in Memphis Institutional investors nationwide accounted for 2.6 percent of all single family home and condo sales in 2017, down from 3.0 percent in 2016. Among 182 metropolitan statistical areas with a population of at least 200,000 and sufficient institutional investor sales data, those with the highest share of institutional investor sales in 2017 were Memphis, Tennessee (10.0 percent); Columbus, Georgia (8.6 percent); Birmingham, Alabama (8.3 percent); Killeen, Texas (7.3 percent); and Macon, Georgia (7.3 percent). FHA buyer share at lowest level since 2014 Nationwide buyers using Federal Housing Administration (FHA) loans accounted for 13.6 percent of all single family home and condo purchases in 2017, down from 15.4 percent in 2016 to the lowest level since 2014 but still well above the pre-recession average of 7.0 percent between 2000 and 2007. Among 182 metropolitan statistical areas with a population of at least 200,000 and sufficient FHA buyer data, those with the highest share of FHA buyers in 2017 were El Paso, Texas (29.4 percent); Beaumont-Port Arthur, Texas (27.9 percent); Merced, California (27.2 percent); Elkhart-Goshen, Indiana (26.3 percent); and Salt Lake City, Utah (24.4 percent). About ATTOM Data Solutions ATTOM Data Solutions is the curator of the ATTOM Data Warehouse, a multi-sourced national property database that blends property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, health hazards, neighborhood characteristics and other property characteristic data for more than 150 million U.S. residential and commercial properties. The ATTOM Data Warehouse delivers actionable data to businesses, consumers, government agencies, universities, policymakers and the media in multiple ways, including bulk file licenses, APIs and customized reports.

U.S. Foreclosure Activity Drops to 12-Year Low in 2017
But New York Foreclosure Auctions, New Jersey REOs Both at 11-Year High; Biggest Backlogs of Legacy Foreclosures in New York, New Jersey, Florida IRVINE, Calif. – Jan. 18, 2018 – ATTOM Data Solutions, curator of the nation's largest multi-sourced property database, today released its Year-End 2017 U.S. Foreclosure Market Report, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 676,535 U.S. properties in 2017, down 27 percent from 2016 and down 76 percent from a peak of nearly 2.9 million in 2010 to the lowest level since 2005. Those 676,535 properties with foreclosure filings in 2017 represented 0.51 percent of all U.S. housing units, down from 0.70 percent in 2016 and down from a peak of 2.23 percent in 2010 to the lowest level since 2005. ATTOM's year-end foreclosure report is a count of unique properties with a foreclosure filing during the year based on publicly recorded and published foreclosure filings collected in more than 2,500 counties nationwide, with address-level data on more than 23 million foreclosure filings historically also available for license or customized reporting. See full methodology below. The report also includes new data for December 2017, when there were 64,651 U.S. properties with foreclosure filings, up 1 percent from the previous month but still down 25 percent from a year ago — the 27th consecutive month with a year-over-year decrease in foreclosure activity. "Thanks to a housing boom driven primarily by a scarcity of supply, which has helped to limit home purchases to the most highly qualified — and low-risk — borrowers, the U.S. housing market has the luxury of playing a version of foreclosure limbo in which it searches for how low foreclosures can go," said Daren Blomquist, senior vice president at ATTOM Data Solutions. "There are a few notable local market exceptions playing a different version of foreclosure limbo in which a backlog of legacy foreclosure activity left over from the last housing crisis is still winding its way through a labyrinthine foreclosure process, resulting in incongruous jumps in various stages of foreclosure activity in markets such as New York, New Jersey and DC." Foreclosure starts at new record low nationwide, increase in DC and five states Lenders started the foreclosure process on 383,701 U.S. properties in 2017, down 20 percent from 2016 and down 82 percent from a peak of 2,139,005 in 2009 to a new all-time low going back as far as foreclosure start data is available — 2006. "Across Southern California, while foreclosures have maintained historically low levels during much of 2017, housing affordability has become the concern that has many watching the market for a potential shift in the near future," said Michael Mahon, president of First Team Real Estate, covering the Southern California market, which also posted an 11-year low in foreclosure starts in 2017. "With wage growth not meeting equity growth across many Southern California markets — coupled with rising interest rates — there are some concerns that foreclosures could be on the rise in 2018." Counter to the national trend, the District of Columbia and five states posted year-over-year increases in foreclosure starts in 2017, including Illinois (up 2 percent); Oklahoma (up 23 percent); Louisiana (up 2 percent); DC (up 54 percent); West Virginia (up 32 percent); and Vermont (up 27 percent). New York foreclosure auctions at 11-year high, counter to 11-year low nationwide A total of 318,165 U.S. properties were scheduled for public foreclosure auction (the same as a foreclosure start in some states) in 2017, down 27 percent from 2016 and down from a peak of 1,600,593 in 2010 to a new all-time low going back as far as foreclosure auction data is available — 2006. "The data for the Seattle market tells a very big story, and that is we are not seeing a housing bubble forming," said Matthew Gardner, chief economist at Windermere Real Estate, covering the Seattle market, where scheduled foreclosure auctions in 2017 dropped 47 percent to an 11-year low. "With foreclosure rates at less than 0.4 percent of total housing units, the market is remarkably stable. That said, we are certainly suffering from serious affordability issues, but this is not translating into defaults on loans." The District of Columbia and seven states posted a year-over-year increase in scheduled foreclosure auctions in 2017, including New York (up 9 percent to the highest level since 2006); Oklahoma (up 4 percent); Connecticut (up 7 percent); and Maine (up 2 percent). New Jersey bank repossessions at 11-year high, counter to 11-year low nationwide Lenders repossessed 291,579 properties through foreclosure (REO) in 2017, down 23 percent from 2016 and down 72 percent from a peak of 1,050,500 in 2010 to the lowest level since 2006 — an 11-year low. Counter to the national trend, the District of Columbia and seven states posted a year-over-year increase in REOs in 217, led by New Jersey (19 percent increase to the highest level since 2006); Delaware (up 16 percent); Montana (up 12 percent); DC (up 10 percent); and Wyoming (up 10 percent). New Jersey, Delaware, Maryland post top state foreclosure rates in 2017 States with the highest foreclosure rates in 2017 were New Jersey (1.61 percent of housing units with a foreclosure filing); Delaware (1.13 percent); Maryland (0.95 percent); Illinois (0.86 percent); and Connecticut (0.78 percent). Rounding out the top 10 states with the highest foreclosure rates were Florida (0.72 percent); South Carolina (0.70 percent); Ohio (0.70 percent); Nevada (0.67 percent); and New Mexico (0.63 percent). Atlantic City, Trenton, Philadelphia post top metro foreclosure rates in 2017 Among 217 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in 2017 were Atlantic City, New Jersey (2.72 percent of housing units with a foreclosure filing); Trenton, New Jersey (1.68 percent); Philadelphia, Pennsylvania (1.26 percent); Fayetteville, North Carolina (1.17 percent); and Rockford, Illinois (1.14 percent). Rounding out the top 10 were Cleveland, Ohio (1.06 percent); Columbia, South Carolina (1.05 percent); Baltimore, Maryland (1.05 percent); Chicago, Illinois (1.04 percent); and Albuquerque, New Mexico (0.99 percent). Average time to foreclose jumps above 1,000 days nationwide U.S. properties foreclosed in the fourth quarter of 2017 had been in the foreclosure process an average of 1,027 days, a 14 percent jump from the previous quarter and a 28 percent increase from a year ago to the longest since ATTOM began tracking average foreclosure timelines in Q1 2007. States with the longest average time to foreclose in Q4 2017 were Indiana (2,370 days); Nevada (1,933 days); Florida (1,493 days); New Jersey (1,298 days) and Georgia (1,263 days). Among 233 counties nationwide with sufficient data, those with the longest average time to foreclose in Q4 2017 were Queens County, New York; Marion County (Indianapolis), Indiana (2,810 days); Orange County (Orlando), Florida (2,109 days); Henry County (Atlanta), Georgia (2,075 days); and Cherokee County (Atlanta), Georgia (1,988 days). Biggest backlogs of legacy foreclosures in New York, New Jersey, Florida Nationwide, 50 percent of all loans actively in foreclosure as of the end of 2017 were originated between 2004 and 2008 — down from 55 percent a year ago. States with the highest number of legacy foreclosures on loans originated between 2004 and 2008 were New York (25,886), New Jersey (20,172), Florida (19,494), California (9,847), and Illinois (8,732). Legacy foreclosures on loans originated between 2004 and 2008 represented 74 percent of all active loans in foreclosure in the District of Columbia, higher than any state with at least 100 active loans in foreclosure, followed by Hawaii (67 percent), New Jersey (58 percent), Massachusetts (58 percent), Florida (55 percent), and Nevada (55 percent). Counties with the highest total number of legacy foreclosures were Nassau County (Long Island), New York (6,782); Cook County (Chicago), Illinois (5,478); Kings County (Brooklyn), New York (4,677); Miami-Dade County, Florida (3,804); and Suffolk County (Long Island), New York (3,417). Report methodology The ATTOM Data Solutions Year-End U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered into the ATTOM Data Warehouse during the year. Some foreclosure filings entered into the database during the year may have been recorded in the previous year. Data is collected from more than 2,500 counties nationwide, and those counties account for more than 90 percent of the U.S. population. ATTOM's report incorporates documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). For the annual and quarterly reports, if more than one type of foreclosure document is received for a property during the year or quarter, only the most recent filing is counted in the report. The annual, quarterly and monthly reports all check if the same type of document was filed against a property previously. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state where the property is located, the report does not count the property in the current year, quarter or month. About ATTOM Data Solutions ATTOM Data Solutions is the curator of the ATTOM Data Warehouse, a multi-sourced national property database that blends property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, health hazards, neighborhood characteristics and other property characteristic data for more than 150 million U.S. residential and commercial properties. The ATTOM Data Warehouse delivers actionable data to businesses, consumers, government agencies, universities, policymakers and the media in multiple ways, including bulk file licenses, APIs and customized reports.

SmartZip Accelerates its Enterprise Footprint with New Marketing Automation Capabilities and Top-Tier Franchise, Broker and Mortgage Customers
Industry leaders like AmeriFirst Home Mortgage and Help U Sell are the latest enterprises to leverage SmartZip's scalable predictive marketing platform to increase their agent productivity, recruit new members, and retain top talent PLEASANTON, CA (JANUARY 22, 2018)--SmartZip Analytics, Inc., the pioneer in predictive marketing solutions for the home services ecosystem, continues its strategic expansion in the enterprise space. The Company is rolling out SmartTargeting, its scalable, optimized predictive marketing platform, to thousands of agents and loan officers across franchises, brokers and mortgage lenders nationwide. SmartTargeting is fueling the success of some of the industry's largest brands, including AmeriFirst Home Mortgage, Help U Sell, NextHome Inc., Engel and Völkers West Coast, Metro Brokers and more. The platform offers customized and automated solutions so brands can recruit and retain talent while boosting the production of their individual agents. Truly scalable — with unlimited customization To best serve clients of any size, SmartTargeting offers multiple user support with an unlimited number of seats. This means that whether a team lead wants to be the sole administrator for their small group, or a large brand wants to purchase accounts for thousands of agents and their support staff, the platform responds accordingly. As companies or agents grow, the platform can grow with them; additional homeowner analytics, prospecting lists or automated marketing campaigns can be added at an enterprise level or by individual agents at any time. Metro Brokers, a franchise network with 42 real estate offices and 800+ agents across Colorado, has optimized SmartTargeting to fit their specific needs and model. "SmartZip's leading-edge solutions help us offer highly differentiated tools to our brokers and agents," said Metro Brokers' CEO, Millard H, "Rip" Ripley. "Our brokers and agents are independents who license and leverage our brand, but retain their unique identities. [Our] unique franchise model challenges us to find a plug-and-play platform with capabilities that can work in an integrated as well as a standalone format, so franchisees can choose what works best for them. SmartZip's suite of tools allows us to do just that." Automated marketing to win new, repeat and referral business As a comprehensive customer acquisition platform, SmartTargeting is designed to help agents acquire new clients, repeat business and word-of-mouth referrals. The platform can be set up to hone in on the most likely home sellers from within an agent's local market area or their personal contacts; it can also work to keep agents top-of-mind for repeat and referral business from within their sphere of influence. Once these key audience demographics are selected, agents can quickly set up marketing campaigns that run automatically to keep agents' brand in front of the specified targets on a consistent basis. And since SmartTargeting's data and analytics are always kept fresh, enterprises and agents can rest easy that their marketing dollars are being optimally used. SmartTargeting's expansive marketing library offers more than 500 branded mailer and online ad designs. For a more tailored approach, enterprise leaders can leverage a custom marketing catalog available exclusively to their agents, ensuring each promotion maintains brand integrity. These predictive marketing campaigns caught the eye of NextHome Inc., a forward-thinking franchise company with more than 260 offices and 2,000 agents nationwide. "At NextHome Inc., we pride ourselves on offering fully-automated and highly-integrated technology and marketing products to our agents. SmartZip's enterprise solution fits perfectly and seamlessly into our long term strategy and growth," said James Dwiggins, Chief Executive Officer of NextHome, Inc. "The predictive marketing technology, referral solution, and features like brand control... make SmartZip a unique partner that gives our agents and brokers an advantage in the market." New simplified user experience SmartTargeting understands that working agents don't have hours to dedicate to new technology. The platform's newest release has simplified every aspect of the user experience, from account setup and contact insights, to campaign management and analysis. Rather than clicking through dozens of screens to get the updates they are looking for, users are greeted with a new dashboard that grows smarter each time they log in. The intuitive dashboard offers real-time updates on their prediction performance, automated marketing campaigns, incoming leads and the contacts they should check in with next. Paul Benson, CEO of Engel & Völkers San Francisco Real Estate Inc., confirmed that SmartTargeting solved many pain points felt by individual agents across varying experience levels. "One of the appeals of this platform to me was that it incorporates all the elements an agent needs to be successful. It can help an established agent become a top producer and a newer agent to develop the habits they will need to be successful." Integrated recruiting tools SmartTargeting doesn't just solve agent pain points; it also seeks to close the gap for brokers and large brands by offering built-in recruiting and reputation management tools.Within the platform, individual leaders can request and display past client testimonials on a branded reputation website that automatically refreshes itself as new testimonials roll in. The tool can also be used by hiring managers to request company recommendations from current employees and advertise them to attract new talent. Full-speed ahead in 2018 As SmartZip onboards thousands of new agents across its enterprise client base, user feedback is fueling more innovation, and the company plans to roll out additional updates for both enterprises and their individual users in the coming months. "Marketing is the bread and butter of this industry, but current piecemeal solutions are neither targeted, automated nor integrated," said Gupta. "This costs brokers time, money, resources and lost opportunities. SmartTargeting is designed to fix all this, and can be powerful, nimble and valuable for individuals at every level of the organization — whether it's a boutique brokerage, a powerhouse franchise or a nationwide real estate conglomerate. We are thrilled to be fueling the success of so many forward-thinking real estate companies." As a sponsor at Inman Connect New York, SmartZip will be available for demos and product tours, and Gupta will be a featured roundtable facilitator at the Indie Broker Summit event opening ICNY. SmartZip is a pioneer in predictive marketing solutions for the home services ecosystem. SmartZip's SmartTargeting platform leverages predictive analytics, multi-channel marketing automation, smart prospecting apps and reputation and referral management tools to help businesses win new clients, repeat business and word-of-mouth referrals. SmartTargeting's integrated end-to-end system can be optimized for any size organization, from enterprises and franchises, to boutique brokerages, teams and individual practitioners. SmartZip is backed by Intel Capital, Claremont Creek Ventures, Crest Capital, Javelin Venture Partners, Cue Ball Capital, Toba Capital and ORIX Growth Capital, and is headquartered in Pleasanton, CA.

Realtors® Housing Minute: A Video Recap of Market Activity in November
WASHINGTON, Dec. 29, 2017 -- Fueled by strong job growth and the strengthening economy, existing-home sales and contract signings both increased in November. Watch this 50-second, animated video from the National Association of Realtors® summarizing how the housing market performed in November, as well as a look at current consumer sentiment and NAR's 2018 housing forecast. The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries. Information about NAR is available at www.nar.realtor.

CoreLogic Reports Fourth Consecutive Month with More Than 6 Percent Year-Over-Year Home Price Growth in November
January 02, 2018, Irvine, Calif. – CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its CoreLogic Home Price Index (HPI™) and HPI Forecast™ for November 2017, which shows home prices are up both year over year and month over month. Home prices nationally increased year over year by 7 percent from November 2016 to November 2017, and on a month-over-month basis home prices increased by 1 percent in November 2017 compared with October 2017,* according to the CoreLogic HPI. Looking ahead, the CoreLogic HPI Forecast indicates that home prices will increase by 4.2 percent on a year-over-year basis from November 2017 to November 2018, and on a month-over-month basis home prices are expected to decrease by 0.4 percent from November 2017 to December 2017. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state. "Rising home prices are good news for home sellers, but add to the challenges that home buyers face," said Dr. Frank Nothaft, chief economist for CoreLogic. "Growing numbers of first-time buyers find limited for-sale inventory for lower-priced homes, leading to both higher rates of price growth for 'starter' homes and further erosion of affordability." According to CoreLogic Market Condition Indicators (MCI) data, an analysis of housing values in the country's 100 largest metropolitan areas based on housing stock, 37 percent of metropolitan areas have an overvalued housing stock as of November 2017. The MCI analysis categorizes home prices in individual markets as undervalued, at value or overvalued by comparing home prices to their long-run, sustainable levels, which are supported by local market fundamentals such as disposable income. Also, as of November, 36 percent of the top 100 metropolitan areas were undervalued and 26 percent were at value (this percent share is based on 99 markets for this report since data for Honolulu is currently unavailable). When looking at only the top 50 markets based on housing stock, 50 percent were overvalued, 14 percent were undervalued and 36 percent were at value. The MCI analysis defines an overvalued housing market as one in which home prices are at least 10 percent higher than the long-term, sustainable level, while an undervalued housing market is one in which home prices are at least 10 percent below the sustainable level. "Without a significant surge in new building and affordable housing stock, the relatively high level of growth in home prices of recent years will continue in most markets," said Frank Martell, president and CEO of CoreLogic. "Although policymakers are increasingly looking for ways to address the lack of affordable housing, much more needs to be done soon to see a significant improvement over the medium term." *October 2017 data was revised. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

Median Down Payment for U.S. Homes Purchased in Q3 2017 Increases to a New High of $20,000
Average Down Payment of $76,645 Also at New High; Median Down Payment 7.6 Percent of Median Home Price, a 4-Year High; Purchase Loans Up 7 Percent, HELOCs Up 12 Percent, Refis Down 19 Percent from Year Ago IRVINE, Calif. – Dec. 14, 2017 — ATTOM Data Solutions, curator of the nation's largest multi-sourced property database, today released its Q3 2017 U.S. Residential Property Loan Origination Report, which shows that the median down payment for single family homes and condos purchased with financing in the third quarter was $20,000, up from $18,161 in the previous quarter and up from $14,400 in Q3 2016 to a new high as far back as data is available, Q1 2000. The loan origination report is derived from publicly recorded mortgages and deeds of trust collected by ATTOM Data Solutions in more than 1,700 counties accounting for more than 87 percent of the U.S. population. Counts and dollar volumes for the two most recent quarters are projected based on available data at the time of the report (see full methodology below). The average down payment of $20,000 was 7.6 percent of the median sales price of $263,000 for financed home purchases in the third quarter, up from 7.1 percent in the previous quarter and up from 6.1 percent in Q3 2016 to the highest level since Q3 2013 — a four-year high. "Buying a home has become a full-contact sport in many markets across the country, and buyers with the beefiest down payments — not to mention all-cash buyers — are often able to muscle out those with scrawnier savings," said Daren Blomquist, senior vice president with ATTOM Data Solutions. "Despite the increasingly competitive nature of homebuying, the number of residential property purchase loans nationwide increased to a 10-year high in the third quarter." Median down payment tops $50,000 in a dozen markets The median down payment was more than $50,000 in 12 of the 99 metropolitan statistical areas analyzed in the report, led by San Jose California ($247,000); San Francisco, California ($170,000); Los Angeles, California ($118,000); Oxnard-Thousand Oaks-Ventura, California ($105,000); and Boulder, Colorado ($99,900). "Across Southern California factors such as low available listing inventory have resulted in many consumers turning to cash or leveraging investment accounts for cash as alternative methods for funding home ownership and beating out competitors for acceptance of their purchase offers in a highly competitive market," said Michael Mahon president at First Team Real Estate, covering the Southern California market. Other markets with median down payments above $50,000 were San Diego, California; New York, New York; Fort Collins, Colorado; Bridgeport, Connecticut; Boston, Massachusetts; Seattle, Washington; and Naples, Florida. "Rising home prices in the Seattle area combined with changes in the mortgage underwriting process have pushed the median down payment over $50,000 and the average down payment to over $100,000," said Matthew Gardner, chief economist at Windermere Real Estate, covering the Seattle market. "We've also seen an increase in new mortgages which is an indication of rising home sales. Most interesting to me is the big jump in new lines of credit which is likely a result of frustrated buyers deciding to stay in their existing homes and remodel rather than deal with the highly competitive Seattle housing market." Purchase and HELOC originations increase, refinance originations down Nearly 2.4 million loans (2,386,518) secured by residential property (1 to 4 units) were originated in the third quarter, up 17 percent from the previous quarter but still down 5 percent from a year ago. Of the total 2.4 million loan originations during the quarter, nearly 1.1 million were purchase loans (1,011,144), up 8 percent from the previous quarter and up 7 percent from a year ago to the highest level since Q3 2007 — a 10-year high. A total of 981,773 refinance loans secured by residential property were originated in the third quarter, up 28 percent from the previous quarter but still down 19 percent from a year ago. A total of 393,602 home equity lines of credit (HELOCs) secured by residential property were originated in the third quarter, up 19 percent from the previous quarter and up 12 percent from a year ago to the highest level since Q2 2008, a more than nine-year high. Raleigh, New York, Roanoke, Honolulu, Little Rock post biggest purchase loan increases Among 120 metropolitan statistical areas analyzed in the report for loan origination trends, those with the biggest increase in purchase loan originations secured by residential property were Raleigh, North Carolina (up 55 percent); New York, New York (up 39 percent); Roanoke, Virginia (up 39 percent); Honolulu, Hawaii (up 38 percent); and Little Rock, Arkansas (up 34 percent). Counter to the national trend, 58 of the 120 metro areas analyzed in the report (48 percent) posted a year-over-year decrease in residential property purchase loan originations, including Houston (down 10 percent); Miami (down 6 percent); Atlanta (down 15 percent); Boston (down 7 percent); and Detroit (down 7 percent). San Jose, Honolulu, Rochester, San Diego, Bridgeport post biggest refi loan decreases Among 120 metropolitan statistical areas analyzed in the report for loan origination trends, those with the biggest year-over-year decrease in residential property refinance loan originations were San Jose, California (down 58 percent); Honolulu, Hawaii (down 56 percent); Rochester, New York (down 49 percent); San Diego, California (down 49 percent); and Bridgeport, Connecticut (down 48 percent). Counter to the national trend, 22 of the 120 metro areas analyzed in the report (18 percent) posted year-over-year increases in residential property refinance loan originations, including New York (up 7 percent); Kansas City (up 15 percent); Oklahoma City (up 51 percent); Raleigh, North Carolina (up 2 percent); and Grand Rapids, Michigan (up 6 percent). Reno, Fort Wayne, Peoria, Bremerton, Dallas post biggest HELOC increases Among 120 metropolitan statistical areas analyzed in the report, those with the biggest year-over-year increase in residential property HELOC loan originations were Reno, Nevada (up 80 percent); Fort Wayne, Indiana (up 74 percent); Peoria, Illinois (up 46 percent); Bremerton, Washington (up 45 percent); and Dallas, Texas (up 43 percent). Counter to the national trend, 43 of the 120 metro areas analyzed in the report (36 percent) posted a year-over-year decrease in HELOC loan originations, including Houston (down 17 percent); Miami (down 3 percent); Atlanta (down 6 percent); San Francisco (down 1 percent); and St. Louis (down 4 percent). Share of co-borrowers increases in 87 percent of markets The report also found that 23.4 percent of all purchase loan originations on single family homes in Q3 2017 involved co-borrowers — multiple, non-married borrowers listed on the mortgage or deed of trust — up from 22.8 percent in the previous quarter and up from 21.1 percent in Q3 2016. The share of co-borrowers increased from a year ago in 33 of 38 U.S. cities analyzed in the report (87 percent), including Las Vegas, Nevada; Houston, Texas; San Antonio, Texas; Phoenix, Arizona; and Colorado Springs, Colorado. Counter to the national trend, the share of co-borrowers decreased from a year ago in five markets: Austin, Texas; Dallas, Texas; Miami, Florida; Aurora, Colorado; and Memphis, Tennessee. Cities with the highest share of co-borrowers in Q3 2017 were San Jose, California (51.1 percent); Miami, Florida (42.7 percent); Seattle, Washington (36.7 percent); Los Angeles, California (30.4 percent); and Portland, Oregon (30.1 percent). Share of FHA and VA loans drops from a year ago Loans backed by the Federal Housing Administration (FHA) accounted for 12.9 percent of all residential property loans originated in the third quarter, down from 13.6 percent in the previous quarter and down from 13.2 percent in Q3 2016. Loans backed by the U.S. Department of Veterans Affairs (VA) accounted for 6.6 percent of all residential property loans originated in the third quarter, up from 6.5 percent in the previous quarter but down from 7.5 percent in Q3 2016. Report methodology ATTOM Data Solutions analyzed recorded mortgage and deed of trust data for single family homes, condos, town homes and multi-family properties of two to four units for this report. Each recorded mortgage or deed of trust was counted as a separate loan origination. Dollar volume was calculated by multiplying the total number of loan originations by the average loan amount for those loan originations. Origination counts and dollar volumes are projected for the most recent two quarters based on historical share of mortgage and deed of trust data recorded and collected within 45 days from the end of a quarter — which is when ATTOM pulls data for the report. About ATTOM Data Solutions ATTOM Data Solutions is the curator of the ATTOM Data Warehouse, a multi-sourced national property database that blends property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, health hazards, neighborhood characteristics and other property characteristic data for more than 150 million U.S. residential and commercial properties. The ATTOM Data Warehouse delivers actionable data to businesses, consumers, government agencies, universities, policymakers and the media in multiple ways, including bulk file licenses, APIs and customized reports.