Real estate valuation

BEHR Paint X Zillow Release Color Palette That May Help Homeowners See More Dollar Signs

Retrieved on: 
Monday, August 2, 2021
Real estate, Real estate valuation, Zillow, Economy of the United States, Trulia, Companies, Behr, HotPads

The 12-color palette includes a mix of light neutrals, versatile grays, and warm whites for the gathering spaces of the home, and a variety of blues for personal spaces like the main bedroom and bathroom. Zillow's research found that recent and prospective buyers said they were more interested in touring and buying a home with a light blue bathroom and, on average, were willing to pay 1.6 percent more than expected -- or nearly $5,000 on a typical U.S. home.*  

Key Points: 
  • BEHR Paint and Zillow have partnered to curate a palette ofinviting interior paint colors that enhance a buyer's first impression and could ultimately increase the return on investment (ROI) of the home.
  • "Color can evoke a strong emotional and psychological response to a space," said Erika Woelfel, Vice President of Color & Creative for Behr.
  • The colors featured in the BEHR and Zillow Interior Color Palette are available now, exclusively at The Home Depot stores nationwide.
  • Zillow Group's brands, affiliates and subsidiaries include Zillow, Zillow Offers, Zillow Premier Agent, Zillow Home Loans, Zillow Closing Services, Zillow Homes, Inc., Trulia, Out East, StreetEasy and HotPads.

ASA Disappointed with Continued Exclusion of Appraisal Profession from Ongoing Federal Agency Efforts on Valuation Bias

Retrieved on: 
Monday, August 2, 2021
Real estate valuation, Real estate, Finance, Economy, Valuation, Financial economics, Appraisal, Appraiser, The Appraisal Foundation, Real estate appraisal

Notably, this event was held without any participants from the appraisal profession at the table.

Key Points: 
  • Notably, this event was held without any participants from the appraisal profession at the table.
  • On June 15th, the Consumer Financial Protection Bureau (CFPB) held their own valuation bias event, absent any meaningful input from the appraisal profession.
  • The exclusion of the appraisal profession from these events sends the message intentional or not that the input of appraisers is unwanted by those seeking to address issues relating to valuation bias.
  • As was reiterated in a recent letter to HUD, ASA (as well as the whole of the appraisal profession) continues to be willing to engage meaningfully on the topic of valuation bias.

FCPT Announces Acquisition of an Outback Steakhouse Property for $2.3 Million

Retrieved on: 
Thursday, July 22, 2021
Retail, Restaurant, Bar, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Capitalization rate, Real estate valuation, Real estate investing, Finance

Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of an Outback Steakhouse property for $2.3 million.

Key Points: 
  • Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of an Outback Steakhouse property for $2.3 million.
  • The property is located in a strong retail corridor in Florida and is corporate-operated under a net lease with approximately eight years of term remaining.
  • The transaction was priced at a cap rate in range with previous FCPT transactions.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

Digital Twin Consortium Announces Liaison with Royal Institution of Chartered Surveyors

Retrieved on: 
Thursday, July 22, 2021
Real estate valuation, Real estate, Home inspection, Housing in the United Kingdom, Royal Institution of Chartered Surveyors, Chartered Surveyor, Digital twin, RICS

BOSTON, MA, July 22, 2021 (GLOBE NEWSWIRE) -- The Digital Twin Consortium and Royal Institution of Chartered Surveyors ( RICS ) have entered into a liaison agreement to create and develop digital twin enabling technologies for the built and natural environments.

Key Points: 
  • BOSTON, MA, July 22, 2021 (GLOBE NEWSWIRE) -- The Digital Twin Consortium and Royal Institution of Chartered Surveyors ( RICS ) have entered into a liaison agreement to create and develop digital twin enabling technologies for the built and natural environments.
  • Were thrilled to have RICS as a member of Digital Twin Consortium, said Dan Isaacs, CTO, Digital Twin Consortium.
  • Digital Twin Consortium and RICS will exchange information through regular consultations, seminars, and more.
  • Digital Twin Consortium is The Authority in Digital Twin.

The Great Reshuffling Is Changing How Far Americans Are Willing to Commute

Retrieved on: 
Wednesday, July 21, 2021
Real estate valuation, Zillow, Telecommuting, Human activities, Real estate, Economy

But as remote work became more commonplace during the pandemic, Americans prioritized affordability over quick access to the office.

Key Points: 
  • But as remote work became more commonplace during the pandemic, Americans prioritized affordability over quick access to the office.
  • "Home buyers are placing less of a premium on a short commute thanks to the rise of remote work," says Zillow economic data analyst Nicole Bachaud.
  • As people seek affordability, they are willing to live with a longer commute if they can save on housing costs.
  • These traffic trends will be critical to examine as communities continue the Great Reshuffling."

PFD, PFO, FFC, FLC and DFP Announce August, September and October Dividends

Retrieved on: 
Tuesday, July 20, 2021
Banking, Professional services, Finance, Finance, Money, Economy, Investment funds, Valuation, Capital appreciation, Investment, Investor, Real estate valuation, Stock fund

The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (NYSE: PFO), Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (NYSE: FFC), Flaherty & Crumrine Total Return Fund Incorporated (NYSE: FLC) and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated (NYSE: DFP) today announced that they have declared per share dividends for August, September and October 2021 as detailed below:

Key Points: 
  • An investor should consider the funds investment objective, risks, charges and expenses carefully before investing.
  • A distribution rate that is largely comprised of sources other than income may not be reflective of a funds performance.
  • FLC invests primarily in preferred and other income-producing securities with a primary investment objective of high current income and a secondary objective of capital appreciation.
  • DFP invests primarily in preferred and other income-producing securities with an investment objective of total return, with an emphasis on high current income.

Zillow Group to Announce Second Quarter 2021 Results August 5

Retrieved on: 
Tuesday, July 20, 2021
Real estate, Real estate valuation, Zillow, Economy of the United States, Trulia, HotPads

SEATTLE, July 20, 2021 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced that its second quarter 2021 financial results will be released after market close on Thursday, August 5, 2021. The company will host a conference call and webcast to discuss its results that afternoon at 2 p.m. PT / 5 p.m. ET.

Key Points: 
  • SEATTLE, July 20, 2021 /PRNewswire/ --Zillow Group, Inc.(NASDAQ: Z and ZG), which is transforming the way people buy, sell, rent and finance homes,today announced that its second quarter 2021 financial results will be released after market close on Thursday, August 5, 2021.
  • Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life's next chapter.
  • Zillow recently launched Zillow Homes, Inc., a licensed brokerage entity, to streamline Zillow Offers transactions.
  • Zillow Group's brands, affiliates and subsidiaries include Zillow, Zillow Offers, Zillow Premier Agent, Zillow Home Loans, Zillow Closing Services, Zillow Homes, Inc., Trulia, Out East, StreetEasy and HotPads.

South Africa Real Estate Activities Report 2021 - ResearchAndMarkets.com

Retrieved on: 
Monday, July 19, 2021
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Financial economics, Mortgage, Real estate appraisal, Finance, Money, Valuation, Investment, Economy, Real estate valuation

The "Real Estate Activities in South Africa 2021" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Real Estate Activities in South Africa 2021" report has been added to ResearchAndMarkets.com's offering.
  • This report focuses on the real estate industry which comprises commercial, industrial and residential properties, as well as property development, property valuation and bond origination.
  • Real Estate Activities South Africa:
    The real estate sector has been significantly affected by the pandemic as listed property shares fell and the commercial property sector was struck by growing vacancies and a decrease in property valuations.
  • It is estimated that close to half of the South African listed property sector's investment earnings come from offshore.

Homes With Light Blue Bathrooms, Dark Blue Bedrooms Could Sell for Up to $4,698 More Than Expected

Retrieved on: 
Thursday, July 15, 2021
Real estate valuation, Zillow, Bedroom, Light blue, Paint, Real estate

Zillow's latest interior paint color analysis finds that homes with light blue bathrooms could sell for up to $4,698 more than expected, while homes with trendy mint green kitchens could sell for $1,830 less than expected.

Key Points: 
  • Zillow's latest interior paint color analysis finds that homes with light blue bathrooms could sell for up to $4,698 more than expected, while homes with trendy mint green kitchens could sell for $1,830 less than expected.
  • The primary bedroom is the best place to go dark if homeowners are thinking about resale.
  • Dark blue bedrooms scored 89 out of 100, and, on average, were associated with a $1,491 sale premium.
  • By using light neutral colors in the home's common areas, it allows buyers to project their self-image onto the home."

Offerpad Introduces One-Stop Digital Real Estate Solutions in Indiana

Retrieved on: 
Tuesday, July 13, 2021
Technology, Other Construction & Property, Residential Building & Real Estate, Software, Construction & Property, Internet, Real estate, Real estate valuation, Residential real estate, Instant Buyer, Real estate investing, Real estate agent

Offerpad, the tech-enabled Real Estate Solutions Center and a leading iBuyer, is empowering home buyers and sellers in Indianapolis, Indianas highly competitive real estate market with new, simpler ways to buy and sell homes.

Key Points: 
  • Offerpad, the tech-enabled Real Estate Solutions Center and a leading iBuyer, is empowering home buyers and sellers in Indianapolis, Indianas highly competitive real estate market with new, simpler ways to buy and sell homes.
  • (Graphic: Business Wire)
    "We're excited to bring Offerpad's Real Estate Solutions Center to Indianapolis this is a milestone market for us!
  • Offerpad also continues to hire local real estate agents to join its Indianapolis team, as well as specialists in home renovations and other operations.
  • In addition to helping local home buyers and sellers, Offerpad is an ally to the real estate agent community.