Andrew Ulmer

Thanks to the Orange County Register for covering TurboHome's launch last week. Despite a historically slow market, TurboHome has helped 10 buyers land homes in the last month saving ~$200K in the process. We've built AI tools for comps/disclosure analysis and automated the transaction process allowing our agents to deliver a full-service buyer's agent experience for a low flat fee of $5-10K depending on geography/service tier. In scenarios where the seller is still offer 2.5%, we're able to offer a closing cost credit for the difference between our flat fee and full commission. In this case, the difference worked out to ~$68K. Link: https://lnkd.in/geHAeCfA

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Merced is quickly becoming one of Central California's most sought-after locations for real estate investment. With a major university, a growing hospital system, and an upcoming medical school, Merced is attracting a steady stream of students, professionals, and families. This growth has led to high demand for rental properties and short-term stays, creating excellent opportunities for investors. Airbnb properties are thriving here, especially with travel nurses, visiting professors, and tourists looking for a convenient stop on their way to Yosemite. If you’re considering expanding your investment portfolio or looking for a high-demand market, Merced is the place to be. Let’s talk about how you can make the most of Merced’s growing opportunities! Araceli Gomez, Co-founder/Broker & REALTOR® 209-756-2063 [email protected] DRE#01833657 NextHome D&G Realty Group #AtwaterRealEstate #MercedRealEstate #SellingAtwater #AraceliGomezRealEstate #MercedCountyRealEstate #NextHome #NextHomeDGRealtyGroup #californiarealestate

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New survey data suggests downtown San Francisco is relatively more popular as a weekend destination than it had been prior to the pandemic. A report by the Downtown SF Partnership, using anonymized cell phone geolocation data tracked by Placer.ai, found that a higher proportion of visits to downtown San Francisco are happening on Saturdays and Sunday than they did in 2019. While there are still fewer visitors compared to 2019, the changing makeup of which days people visit can be seen as an encouraging sign from stakeholders looking to redefine downtown beyond the weekday work commute. For the latest visitor survey, the community benefit district for parts of the Financial District and Jackson Square examined a broader swath of downtown bounded by Broadway, Kearny the Embarcadero and Mission streets. The data from analytics firm Placer.ai is current through the end of June 2024. https://lnkd.in/g-B_Z7VB

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We held our Zonda Multifamily Executive conference this week in Las Vegas. We had great speakers from UDR, AVB, Airbnb, and more talking about the current state of the rental market. Here are my 5 takeaways: 1. Not all markets are created equal today. Markets in CA, the Northeast, and the Midwest still have rising rents and high occupancy levels. The ‘pipeline’ markets across the Sunbelt see increased supply, negative rent growth (YOY), and lower occupancy levels.   2. Demand for rentals is still high. The slower rental market in some areas is supply-related, not demand. In fact, net absorptions, a stat looking at space vacated versus space leased, is the highest in over 15 years (excluding the 2021 pandemic high). From UDR’s earnings call – “While our Sunbelt markets broadly have more robust job growth than our coastal markets, we remain cautious on the region in the near-term, given the very high absolute levels of new supply coming online.” From EQR’s earnings call – “Our expansion markets of Atlanta, Austin, Dallas-Fort Worth, and Denver…continue to have good demand, but remain under pressure from continuing high levels of supply.” 3. Reshoring is the most important economic trend to watch. Spencer Levy from CBRE did a great job discussing the importance of reshoring. He used New Albany, Ohio, as an example. The Intel chip factory has encouraged other related companies to enter the market, resulting in job growth, more development, and demand for ancillary services. 4. SFR/BTR is at the biggest risk. Experts said government regulations and policies pose a growing threat to this market segment. We have a blog on the topic available to our subscribers of the Rental Housing Outlook (https://lnkd.in/ecmtpeth). 5. Favorite markets for multifamily development varied geographically. Kimberly Byrum (formerly Fiala), Zonda’s Managing Principal and multifamily expert, led a great discussion on top markets. Of the big markets, Carl Whitaker at RealPage likes DC, Columbus, and Las Vegas. Joshua Clark with Zillow agreed on Columbus but also pointed to Miami and the Inland Empire in Southern California. Among smaller markets, Fayetteville, Charleston, Gainesville, Tallahassee, and Santa Rosa were all mentioned. Big thanks to Zonda's programming and events team for all the great work! Siobhan O. Jenna Wylie Yeleny Rivera-Flores Josh Brous Arthur Yampolsky, CMP Rob Britt #rental #housing #multifamily

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A very positive opinion piece was published today in Bloomberg News regarding San Francisco real estate. Below are some excerpts. "Want Good Value on a Home? Check Out San Francisco   Real estate in the city will never be cheap, but relative to its sky-high past and peeking into the future, now may be the best time to buy." "San Francisco has been the subject of a lot of negative press over the past several years...But at a time when housing is expensive almost everywhere and people are looking for good value, San Francisco presents one of the best buys out there on a relative basis ...and despite the drumbeat of pessimism, there are reasons to be optimistic about the city’s future... By now, the pandemic exodus and negative impact of work-from-home are in the rearview mirror. Maybe the people who left for cities such as Austin won’t come back, but there will always be a new crop of young people looking to chase their fortunes in tech...And the burst of activity around artificial intelligence should keep the region at the center of what could be a new wave of innovation and entrepreneurship... San Francisco real estate will never be cheap, but with a lot of potential catalysts on the horizon, it may never again be cheaper than it is today." (Thank you Patrick Carlisle for sharing !)

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The biggest housing policy decisions often come down to passionate debates about niche provisions in empty rooms. Last Thursday, BuildCasa co-founder Paul Steidl and Head of Development Donovan Adesoro made the case for why Sacramento should not implement a local ordinance forcing builders using SB684 to build the homes first before they receive final map approval on the subdivision from the city. Requiring this would make it impossible to secure traditional construction financing and essentially be a poison pill for SB684 in the city. Although housing policy issues can be complex, the nuances of how cities choose to implement new state laws like SB684 can be the difference between no houses getting built and delivering thousands of badly needed starter homes for the community. After a great discussion, the Sacramento Planning and Design Commission led by forward thinking leaders like Commissioner Dov Kadin, Commissioner Kendra Macías Reed, and Commissioner Robert Chase voted unanimously to delay implementation of Sacramento's local ordinance pending further discussion. If you have six minutes and want to see how the sausage gets made, I highly recommend watching this clip.

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MARKET UPDATE - For Sharing California & Around the Nation Source: California Association Of Realtors, Week of Aug 25, 2024 * Economy remains solid as inflation continues to cool in Q3 2024 * Consumers & business leaders feel upbeat in general  * Both share a positive outlook about the near future * The Fed is expected to lower rates in their next few meetings * Housing market expected to pick up momentum through 2024 * Hiccups ahead include insurance crisis, in selected states  * Mortgage rates have dipped below 6% - a huge development * The Fed's rate drop should continue the mortgage rate drop * As inflation cools, so do prices (gas, groceries, etc) * This all bodes well for fence sitters waiting to step up & deal * These factors favor more housing affordability as a result Sharing market trends in California & beyond to help you make informed decisions. May we help you? Call us for a free chat? DIGS & DWELLINGS - A Full Service Real Estate Brokerage  Doug Wilson 323.839.1474 & DJ Grabe 323.389.1781 Mail: [email protected] & Site: digs-n-dwellings.com

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🔥🔥🔥𝟲 𝗱𝗮𝘆𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 🔥🔥🔥 🔥🔥🔥𝗦𝗢𝗟𝗗 𝗳𝗼𝗿 $𝟰𝟮𝟱,𝟬𝟬𝟬 𝗼𝘃𝗲𝗿 𝗮𝘀𝗸𝗶𝗻𝗴 𝗽𝗿𝗶𝗰𝗲 🔥🔥🔥 The market is unequivocally on an upward 📈 trajectory! Recently, we listed a single-family home🏡 in Santa Clara at $1,550,000 and were astounded to receive an impressive 30 offers. The Petersen Realty Team marketing strategy resulted in a final sales price of $1,975,000, 💰leaving our clients elated 😁with the outcome. In fact, Brian Lee and I surpassed our client's expectations. 📈Their journey began with clients flying✈️in from Portland, Oregon to conduct interviews with several real estate professionals. Following our consultation, they were so confident in our expertise that they promptly canceled the remaining four interviews. 💥Recognizing the immediate value we brought to the table, they entrusted us with realizing their real estate goals. 🎯If you are contemplating leveraging the opportunities in this vibrant seller's market, do not hesitate to reach out to us. #petersenrealtyteam #kellerwilliamssantaclaravalley #whoyouworkwithmatters #realtorswhoecare #KWSCV #listingagent #realtor #realtorslife #buyinghomes #realestate #justsold

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How much do you need to earn to afford a “starter home“ in the top 50 US metro areas? San Francisco and San Jose are the most expensive metro areas for a starter home and Detroit is the least expensive. This data is very interesting. Estimates assume a 3.5% down payment on a home priced in the 5th to 35th percentile, and monthly payments of no more than 30% of total income. Mortgage rates touched 8% last year and now they are at 6.35%, hopefully declining further. Lower mortgage rates and a larger down-payment will reduce monthly payments. 5 million households have delayed a home purchase due to higher rates. In the past 3 years, the average age of a first-time home buyer rose from 33 years to 36 years. The rate of age increase is 10x the rate over the past 40 years. The average age to own one’s first home was growing at 1 year per decade, now 1 year per year. Follow me on LinkedIn for real estate stories and news that matter. #home #housing #realestate #affordability #econony #sanfrancisco #marin #sonoma #sanjose #losangeles #newyork #boston #Sacramento #portland #denver #seattle #sandiego #ColdwellBanker

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What can $1.5M buy in San Jose - San Jose Housing Market data! Thinking of buying in San Jose? This video unlocks what $1.5 MILLION can get you in today's market! Dive into data, explore neighborhoods, and discover the reality of San Jose living at this price point. Luxury digs or fixer-upper? Watch to find out! Subscribe for deep dives into real estate markets!

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🏞️ 🛣️ 🏘️ Understanding the Redding, CA Commercial Rental Market Redding is experiencing considerable growth, driven by transformative infrastructure projects and a diversifying economy. Its strategic location along Interstate 5 offers easy access to major markets in California and the Pacific Northwest. The city’s diverse population—including young professionals, families, retirees, and remote workers—creates a strong consumer base, fueling demand across retail and industrial sectors. This growing market enhances the commercial property for rent Redding CA. Learn more about the Redding, CA commercial rental market at: https://lnkd.in/gSwB9rJc Contact Chris Haedrich and Ryan Haedrich, CCIM for details on all things Commercial Real Estate in Redding, CA. #ReddingLeasing #CommercialLeasing #RetailLeasing #IndustrialLeasing #TripleNetLease #ZoningRegulations #TenantImprovements #LeasingNegotiations #ReddingCommercialProperty #HighTrafficLocations #IndustrialProperties #LeaseTerms #BusinessExpansion #PropertyAssessment #CapitalRiversCommercial

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What's happening in Sacramento? Zonda has released the updated 3Q data. If you are curious on how to see the unlimited potential that the data can provide you in Northern California, ask DBD Allison Paul, and Carla Schaefer on how to decipher the market. For new home listings DBD Marcie Elliott and Daniel Cross for Mortgage Pro data. And to further understand what is happening in the Sacramento from Principal of Advisory and expert Mollie Carmichael will be providing key insights and potential of the market at the Sacramento Frame on the 14th of November. As shown below the market is changing...but where is it going? To register ask Allison Paul, Carla Schaefer or the link below: https://lnkd.in/gfQPsaq6 To understand the National Market or your local markets: Chief Advisory Officer Tim Sullivan Chief Economist Ali Wolf Sean Fergus (Published Research and National Outlook) Livabl & New Home Source Listings Karyn Bonder & Steven Greco Nicollette Chapman (Mortgages) Kimberly Byrum (formerly Fiala) (Multifamily/Rental) Todd Tomalak (Building Products) Bryan Glasshagel (Texas/Midwest) Dan Fulton (Mid-Atlantic) Adam McAbee (Branded Residences) Evan F. (Western US/Districts/Land Plan) Ryan Early (Data Interogation and Custom) Shaun McCutcheon (Carolinas) Susan Heffron (East coast) Mark Zawistoski (Education)

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