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Home Values Higher than Ever in Almost Half of Nation's Largest Markets

SEATTLE , Aug. 24, 2017 / / -- Home values are setting new records in about half of the country's largest metros, and the national median home value is now $4,100 more than it was in April 2007 , just before the market crashed , according to the July Zillow® Real Estate Market Report i . Home values in Denver , Dallas and San Jose have appreciated most beyond the previous record-highs set at the peak of the housing bubble in the mid-2000s. Homes in Denver are almost 60 percent more valuable now than during the bubble, increasing from a median home value of $235,900 in April 2006 to a current median home value of $371,100 . When the housing market crashed , home values plummeted and it has taken about 10 years for home values to reach new record highs. Strong labor markets and steady income growth have pushed up home values in the nation's hottest markets more quickly than in others. Among the 35 largest housing markets , 15 ii have higher median home values tha...

Zillow Group's (ZG) CEO Spencer Rascoff on Q2 2017 Results

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Zillow Group, Inc. (ZG) Q2 2017 Earnings Conference Call August 08, 2017 17:00 P.M. ET Executives RJ Jones – VP, Investor Relations Spencer Rascoff – CEO Kathleen Philips – CFO Analysts Ronald Josey - JMP Securities Mark Mahaney - RBC Capital Markets Unidentified Analyst - Sli.do © Provided by Seeking Alpha Earnings Call Transcripts Michael Graham - Canaccord Genuity Christian Rice - Needham & Company Hayden Blair - Stephens Inc. Brian Nowak - Morgan Stanley Mark May - Citigroup Lloyd Walmsley - Deutsche Bank Bradley Erickson - KeyBanc Capital Markets Shyam Patil - Susquehanna Financial Group Heath Terry - Goldman Sachs Presentation Operator Good day, ladies and gentlemen, and welcome to the Zillow Group's Second Quarter 2017 Earnings Call . At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions]. As a reminder, today's call is being recorded. I wou...

Nashville Apartment Locator Doubles Sales Opportunities using Omniquo’s AI based Sales & Marketing Software

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SUNNYVALE, CALIFORNIA, USA, August 23, 2017 /EINPresswire.com/ -- Real estate brokers make money when they sell and lease real property .  If it were only that easy!  A sale has always required qualifying large numbers of prospects. When it comes to qualifying potential sales and leasing leads that call in to the brokerage, brokers have had two options in the past.  They can qualify those leads themselves, which takes up valuable time when they really should be in the field selling, or they can hire a real estate assistant to qualify the incoming leads .  Even highly motivated real estate assistants find qualifying incoming leads an exhausting and boring chore.  Omniquo’s industry leading artificial intelligence (AI) based product OMNIQ solves this problem. OmniIQ creates virtual assistant that works on your sales agent’s behalf by engaging with the prospects. The virtual assistant will contact, engage with, and qualify potential clients . It is able to understand and respond ...

Nashville Apartment Locator Doubles Sales Opportunities Using Omniquo's AI Based Sales & Marketing Software

Press Release - updated: Aug 23, 2017 SUNNYVALE, Calif., August 23, 2017 (Newswire.com) - Real estate brokers make money when they sell and lease real property . If it were only that easy! A sale has always required qualifying large numbers of prospects. When it comes to qualifying potential sales and leasing leads that call into the brokerage, brokers have had two options in the past. They can qualify those leads themselves, which takes up valuable time when they really should be in the field selling, or they can hire a real estate assistant to qualify the incoming leads . Even highly motivated real estate assistants find qualifying incoming leads an exhausting and boring chore. Omniquo's industry leading artificial intelligence (AI) based product OMNIQ solves this problem. OmniIQ creates a  virtual assistant that works on your sales agent’s behalf by engaging with the prospects. The virtual assistant will contact, engage with, and qualify potential clients . It is able...

Zillow : Rents Have Increased Twice as Fast as Wages in New York City Since 2010

NEW YORK, Aug. 16, 2017 /PRNewswire/ -- Key facts: -- Rent growth far outpaced incomes in New York City. City-wide asking rents increased by 33 percent from 2010 to 2017, or 3.9 percent annually, while median wages grew at less than half that pace: 13 percent since 2010, or 1.8 percent annually. -- The lowest- priced rents increased the most. Homes with the lowest rents in NYC grew 4.9 percent annually, while the highest- price rentals grew just 3 percent per year. -- The lowest earners faced the smallest wage growth . Wages for NYC workers in the bottom fifth of earners saw the smallest annual increases since 2010, while wages for top- earning professions grew the most. Despite rents rising over the past year at their slowest pace since the end of the recession, rent growth in New York City has continued to outpace wage growth , increasing the financial burden on New York City renters . According to the latest StreetEasy rent affordability report (i), rent increases are outpac...

LocalConstruct aims to revamp Downtown Boise through housing

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Six years ago, Mike Brown and Casey Lynch stood on Downtown Boise ’s 8th Street and wondered: Why don’t more people live here? Downtown seemed to have everything that a growing percentage of Americans wanted in a place to live. “I mean, there’s all kinds of jobs. There’s a million coffee shops and hair salons and restaurants, and there’s an active street life ,” says Brown, who founded the Los Angeles- based development company LocalConstruct with Lynch in 2008. Casey Lynch, left, and Mike Brown have made their mark in Boise. Provided by LocalConstruct But in 2011, fewer than 4,000 people lived in Downtown’s scattered apartment and condominium buildings and houses. On a typical weekday afternoon , most Downtown workers got in their cars and put the city in the rearview mirror. Brown and Lynch saw an opportunity. They thought Boiseans would trade ample floor space and vaulted ceilings in the suburbs for smaller, high- end Downtown apartments that offered amenities like gyms, a do...

Capano buys Trolley Square apartment tower

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CLOSE North Korea threat; Fatal Rehoboth Beach house fire ; Bruce Springsteen on Broadway 8/10/17 1303 Delaware Avenue was purchased by Capano Management . (Photo: Courtesy of Capano Management ) Capano Management continues to bolster its residential portfolio with the acquisition of 1303 Delaware Apartment Homes in Wilmington's fashionable Trolley Square neighborhood . A sales price was not disclosed. Capano financed the purchase with a fixed-rate loan from Fannie Mae.  The privately-held Wilmington-based developer's multifamily division, Capano Residential , purchased the 231- unit high rise from Merion Realty Partners , a Wynnewood, Pennsylvania, real estate investment firm . Jeffrey Shumaker, vice president responsible for Merion's multifamily division, declined to comment on the transaction. "That's not public information," Shumaker said of the sale.  Upon acquisition, Capano Residential , which is headed by Louis J. Capano, renamed the property Par...