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CoreLogic: Home equity gains top $1 trillion in first quarter

Homeowner equity topped $1 trillion in the first quarter of 2018, according to the Q1 2018 home equity analysis from CoreLogic, a property information, analytics and data-enabled solutions provider.

Homeowners with a mortgage, about 63% of all homeowners, saw equity increase by 13.3%, a total of $1.01 trillion, since the first quarter last year. The average homeowner gained about $16,300 in equity over the last year.

The total number of mortgaged residential properties with negative equity decreased 3% from the fourth quarter to 2.5 million homes, or 4.7% of all mortgaged properties. This is a drop of 21% from 3.1 million homes in the first quarter last year.

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Midland, Texas is the hottest housing market in U.S.

Midland, Texas is the hottest housing market in the nation for the second month in a row, according to data from Realtor.com, knocking California heavyweights like Los Angeles and San Francisco from their traditional perches atop the thermometer.

It looks like California finally overheated, registering only four markets in the top 20 as opposed to two months ago when more than half of the list was located in the Golden State.

“The California housing market has been hot for a long time – but maybe too hot. Our May hotness index further confirms we’re seeing that as prices in California continue to soar, people are increasingly looking elsewhere,” Realtor.com Director of Economic Research Javier Vivas said in the report.

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CoreLogic: Home values increase in all 50 states

Home prices showed yet another surge in April as year over year values increased for all  50 states, according to the latest Home Price Index report from CoreLogica global property information, analytics and data-enabled solutions provider.

Home prices increased 6.9% nationally from April 2017 to April 2018, and increased 1.2% from the prior month, according to the report.

The chart below shows home prices have been steadily increasing at the same rate for the past several years. 

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Century Communities appoints Keith Hurand president of its Atlanta Division

The acquisition, entitlement and development homebuilding company, Century Communities, appoints Keith Hurand as president of its Atlanta Division.

Hurand’s 28 years of experience extend to more than 15 U.S. markets, where he held leadership positions in residential, commercial, multi-family, high-rise and industrial real estate development and construction, Century Communities explained in a press release.

Hurand began his career in 1989 as a field engineer, eventually becoming a project manager at General Electric. Prior to joining Century Communities he served as chief operating officer and president at Newland Real Estate Group’s U.S. east coast operation, and also held executive roles at WCI Communities and John Wieland Homes & Neighborhood.

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2018 Rising Stars: Calier Russell

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Calier “CJ” Russell recently joined ServiceLink as senior vice president of REO operations and client management of ServiceLink’s auction business. Russell is responsible for internal operations as well as oversight of ServiceLink Auction’s growing market share by supporting clients in their loss mitigation and disposition strategies. Russell has introduced and implemented technology, systems and process enhancements that increased the company’s monthly revenue by over 600% in less than six months using Salesforce.com.

He also developed multiple loss mitigation and quality control business models to meet the needs of several clients across the United States while also developing strategic relationships to broaden business opportunities. Russell managed the architecture, development and integration of Salesforce.com solutions across multiple companies to synchronize BAC Short Sale Process with Auction.com. Russell is both a Salesforce certified administrator and a Salesforce certified developer.

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2018 Rising Stars: Pat Kinsel

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Pat Kinsel is founder and chief executive officer of Notarize, the first company in the country to digitize the entire real estate closing process. Notarize allows anyone to legally notarize a document from their iPhone or computer 24 hours per day, seven days a week.

Notarize is valid nationally and connects customers with licensed Virginia electronic notaries by live video call. Notarize is the only platform with approval from and successful delivery to both Fannie Mae and Freddie Mac and receive the support of national title underwriters, etc. Partners include United Wholesale Mortgage, Stewart Title, Westcor Title, ValueAmerica, Florida Agency Network, Realogy, Lennar and more.

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2018 Rising Stars: Sophie Kim

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Sophie Kim built and leads Wedgewood’s learning and development efforts across the entire organization as director of learning and development. Kim created leadership development for front line managers up to C-suite leaders. She’s evolved the employee handbook to be engaging and up to date while addressing new company requirements.

Kim created, trained, administered and tracked Wedgewood’s Annual Performance Review process in 2016 and integrated it in to HRIS for the 2017 season. Kim also created a training program to support CIVIC Financial Services’ growth plant called Top Gun Program.

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2018 Rising Stars: Zvi Band

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Zvi Band is cofounder and CEO of Contactually, an intelligent CRM platform for real estate brokerages and agents. Band led Contactually from an idea in 2011 to a company approaching $10 million in revenue, 70 employees and $12 million in capital raised by 2017. As CEO, Band maintains alignment on strategic direction of the company.

Contactually serves top agents in the country and works with dozens of the leading brokerage houses, including the largest REMAX brokerages in the country, the largest Sotheby’s affiliate and leading brokerages like CLIMB, Pacific Union, Zephyr, Elliman and more.

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