New Western History

Fortune Media and Great Place To Work Name New Western to 2023 Fortune Best Workplaces in Texas

Retrieved on: 
Tuesday, June 13, 2023
Culture, Trust, Small, 100 Best Workplaces in Europe, New Western History, Small and medium-sized enterprises, Real estate, Management, Film genre

DALLAS, June 13, 2023 /PRNewswire/ -- Great Place To Work and Fortune magazine have honored New Western as one of this year's Best Workplaces in Texas.

Key Points: 
  • DALLAS, June 13, 2023 /PRNewswire/ -- Great Place To Work and Fortune magazine have honored New Western as one of this year's Best Workplaces in Texas.
  • To determine the Fortune Best Workplaces in Texas™ List, Great Place To Work surveyed more than 100,000 employees at eligible companies.
  • "Congratulations to the Best Workplaces in Texas," says Michael C. Bush, CEO of Great Place To Work.
  • In 2022, New Western also ranked #41 on the list of Best Workplaces in Texas™ (Small and Medium), as well as #29 on the list for Best Workplaces in Real Estate.

Real Estate Investors Find Growth Opportunities in a Contracting Market

Retrieved on: 
Thursday, April 27, 2023
New Western History, Growth, Housing, Real estate, Film genre

DALLAS, April 27, 2023 /PRNewswire/ -- New Western, the largest national private real estate investment marketplace, today announced its continued momentum from 2022 into Q1 2023, including a double digit surge in growth over the last quarter. Powered by New Western, local independent investors found opportunities in the midst of a tumultuous housing market.

Key Points: 
  • Other notable markets that grew from both Q4 2022 to Q1 2023 and Q1 2022 to Q1 2023 include Houston, Chicago and Dallas, Texas.
  • "Our non-traditional approach to residential real estate investing allows us to roll with the same punches that have knocked out bigger players," says Kurt Carlton, co-founder and president of New Western.
  • The Midwest and West are attractive growth markets and we're excited to see this momentum continue throughout the year. "
  • This has compounded on New Western's 2022 growth when it launched 15 new offices, and hired 60 additional people per month, leading to a 64 percent growth in corporate employee hires.

New Western Announces Entrance into Virginia Beach Real Estate Market

Retrieved on: 
Wednesday, February 8, 2023
Ageing, Flipside, New Western History, Life on the Flip Side, Private investigator, Real estate, Film genre

VIRGINIA BEACH, Va., Feb. 8, 2023 /PRNewswire/ -- New Western, the largest national private source of fix-and-flip residential investment properties, announced today the opening of its first Virginia office and 52nd local market, in Virginia Beach.

Key Points: 
  • VIRGINIA BEACH, Va., Feb. 8, 2023 /PRNewswire/ -- New Western , the largest national private source of fix-and-flip residential investment properties, announced today the opening of its first Virginia office and 52nd local market, in Virginia Beach.
  • "Virginia Beach is an exciting market for us to enter as it begins to turn to favor rentals over buying," said Kurt Carlton, co-founder and president of New Western.
  • Thanks to its diverse population, proximity to a U.S. military base and beautiful beach, Virginia Beach has a fairly competitive market.
  • In January, New Western shared insights on the residential real estate investment market in a report called, The Flip Side .

As iBuyers Exit the Market, New Western Expands Footprint with New Office Opening in St. Louis

Retrieved on: 
Tuesday, January 24, 2023
Ageing, New Western History, Airline, Real estate, Film genre, St. Louis

ST. LOUIS, Jan. 24, 2023 /PRNewswire/ -- New Western, the largest national private source of fix-and-flip residential investment properties, announced today the opening of its third Missouri office, in St. Louis. This is the company's 51st office overall, across 18 states.

Key Points: 
  • ST. LOUIS, Jan. 24, 2023 /PRNewswire/ -- New Western , the largest national private source of fix-and-flip residential investment properties, announced today the opening of its third Missouri office, in St. Louis.
  • "Our team has been looking to solidify our presence in Missouri since the launch of our Kansas City Office," said Kurt Carlton, co-founder and president of New Western.
  • In his role, Murphy is responsible for building the St. Louis team and office, from the ground up.
  • St. Louis is the 51st office opening for the real estate marketplace offering exclusive opportunities to investors looking to rehab houses.

New Western Survey Finds Most Investors are Confident in Residential Real Estate Market Despite Challenges

Retrieved on: 
Tuesday, January 10, 2023
Housing, Gen, Generation Z, City, Growth, Life on the Flip Side, Flip, New Western History, Movement, FAO Major Fishing Areas, YOY, Sale, Real estate, DALLAS, Film genre

DALLAS, Jan. 10, 2023 /PRNewswire/ -- New Western, the largest national private marketplace for fix-and-flip residential investment properties, today released a report on the state of real estate investment in the United States. The analysis, which offers insight based on both New Western sales data as well as opinion polling from its network of 150,000 buyers, found that investors maintained confidence throughout 2022 and into 2023 even though housing inventory remains low and interest rates continue to rise.

Key Points: 
  • Additionally, the survey revealed a growing youth movement in residential real estate investment.
  • In fact, 7% of investors who have purchased investment properties previously are 18-29 years old, as are 15% of investors looking to purchase for the first time in 2023.
  • And 86% of Gen Z respondents said they are ready to enter the market once mortgage rates show signs of stabilization.
  • It consists of 886 real estate investors ages 18 and up from around the United States who have previously purchased property through New Western or plan to in the future.

New Western Grows U.S. Affordable Housing Inventory by 6,540 in 2022 without Building a Single Home

Retrieved on: 
Thursday, August 25, 2022
Ageing, View, City, Sale, Multimedia, District, Realtor.com, Housing, New Western History, Hardship, Ecosystem, Growth, Renewable energy, Real estate, Online shopping, D.C, Film genre, Redfin, DALLAS

DALLAS, Aug. 25, 2022 /PRNewswire/ -- New Western, the largest national private marketplace for fix-and-flip residential investment properties, announced today that the company has made home ownership accessible for more Americans by growing U.S. housing inventory by 6,540 units to date in 2022. Without building a single home, New Western accomplished this increase thanks to its data, advanced knowledge of local markets and its business model, which includes obtaining inventory from among the 16 million vacant homes across the United States as well as other off-market properties for less than $250,000 on average. As a result, homes that are purchased through New Western's marketplace and later renovated sell for up to 31% less than new builds.

Key Points: 
  • New Western's unprecedented growth in 2022 is driven by its rapid expansion into 10 new markets for a total of 50 locations nationwide.
  • We are in a unique position to deliver much needed inventory to this market and look forward to creating more affordable housing.
  • Although housing inventory rose in May by 8%, that was the first monthly increase since June 2019.
  • New Western delivers new opportunity for alla fresh start for sellers, exclusive inventory for investors, and affordable housing for buyers.

New Western Launches Residential Real Estate Investment Marketplace in Fort Myers

Retrieved on: 
Monday, August 15, 2022
New Western History, Multimedia, View, Ageing, City, Fortification, Solution, Housing, Real estate, Oil, Film genre

FORT MYERS, Fla., Aug. 15, 2022 /PRNewswire/ -- New Western, the largest national private source of fix-and-flip residential investment properties, announced today the opening of its fifth Florida office, located in Fort Myers. Over the next five years, New Western intends to help revitalize $641 million worth of homes in the city and increase housing inventory by purchasing value-added properties and then selling them to investors who will improve them.

Key Points: 
  • FORT MYERS, Fla., Aug. 15, 2022 /PRNewswire/ -- New Western , the largest national private source of fix-and-flipresidential investment properties, announced today the opening of its fifth Florida office, located in Fort Myers.
  • "The residential real estate market in Fort Myers has been growing expeditiously as of late, and our team is looking forward to bringing affordable housing back to the market.
  • Fort Myers is the49th office opening for the real estate marketplace offering exclusive opportunities to investors looking to rehab houses.
  • Since 2008, New Western has bought and sold more than $12 billion worth of residential real estate by leveraging data and local market insight to stock its marketplace with exclusive investment properties.

Former Redfin Head of Marketing Joins New Western as Chief Marketing Officer

Retrieved on: 
Monday, June 13, 2022
CMO, ClickBank, Awareness, City, New Western History, International business, Multimedia, Seattle University, Growth, Acquisition, History, View, Communication, Management, Public relations, Marketing, Film genre

DALLAS, June 13, 2022 /PRNewswire/ -- New Western, the largest national private source of distressed residential investment properties, announced today that Kuba Poraj-Kuczewski joined the leadership team as Chief Marketing Officer (CMO). Poraj-Kuczewski will be responsible for leading all marketing efforts for the company and overseeing New Western's marketing team.

Key Points: 
  • DALLAS, June 13, 2022 /PRNewswire/ -- New Western , the largest national private source of distressed residential investment properties, announced today that Kuba Poraj-Kuczewski joined the leadership team as Chief Marketing Officer (CMO).
  • Poraj-Kuczewski will be responsible for leading all marketing efforts for the company and overseeing New Western's marketing team.
  • "We are thrilled to have Kuba serve our team as CMO," said Kurt Carlton , co-founder and president of New Western.
  • Before joining New Western, Poraj-Kuczewski led marketing at high-growth tech companies from early-stage industry leaders, including ClickBank , Quote Wizard , Redfin and Education Dynamics.

New Western's Hyper-Growth Continues in Third Quarter with 99% Year-Over-Year Results

Retrieved on: 
Monday, November 15, 2021
Family, View, Homegoing, Technology, Carlton, Growth, Investment, Multimedia, New Western History, Solution, Real estate

To date, there are a total of 40 offices and 22 markets across 16 states.

Key Points: 
  • To date, there are a total of 40 offices and 22 markets across 16 states.
  • "Since our inception, we have experienced nearly 50% annual growth for the past 13 years.
  • As a result, the company hired 140 new team members across all of its offices this quarter.
  • New Western delivers one property to a real estate investor every 13 minutes and works with nearly 100,000 active investors.

New Western Opens First Washington State Office in Seattle

Retrieved on: 
Monday, September 13, 2021
Homegoing, Industry, City, Solution, Housing, New Western History, Family, Multimedia, View, Real estate

SEATTLE, Sept. 13, 2021 /PRNewswire/ -- New Western , a national real estate investment company that provides solutions for both homeowners and real estate investors through its exclusive marketplace of off-market properties, announced today the opening of its first office in Seattle, Washington.

Key Points: 
  • SEATTLE, Sept. 13, 2021 /PRNewswire/ -- New Western , a national real estate investment company that provides solutions for both homeowners and real estate investors through its exclusive marketplace of off-market properties, announced today the opening of its first office in Seattle, Washington.
  • "There are almost one million properties that are 20+ years old in the Seattle area that could be ideal to renovate.
  • We look forward to finding and acquiring these properties to provide real estate investors opportunities only available in our marketplace."
  • New Western brings market insight, an exclusive platform, and extensive distressed investment property inventory to help real estate investors acquire fixer-upper properties.