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Tag: Real

Ex-Zillow CEO Spencer Rascoff jumps back into real estate, launches startup with former colleagues to help people buy second homes

Former Zillow Group CEO Spencer Rascoff and dotloop founder Austin Allison are teaming up on a new startup called Pacaso that aims to make it easier for more people to own a vacation home.



Spencer Rascoff, Austin Allison standing in front of a window: Former Zillow CEO Spencer Rascoff (left) and dotloop founder Austin Allison are teaming up on Pacaso, a new startup that helps people buy second homes. (Pacaso Photos)


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Former Zillow CEO Spencer Rascoff (left) and dotloop founder Austin Allison are teaming up on Pacaso, a new startup that helps people buy second homes. (Pacaso Photos)

“This is an entirely new category of second home ownership,” said Allison, who sold his real estate startup to Zillow in 2015.

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The company came out of stealth mode today, announcing a $17 million seed round led by Seattle venture capital firm Maveron, with participation from Crosscut, Global Founders Capital, and individual investors such as former Starbucks CEO Howard Schultz, real estate coach Tom Ferry, former Zillow executive Greg Schwartz, and Amazon CEO of Consumer Worldwide Jeff Wilke. Pacaso also raised $250 million

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Havenbrook Homes, LLC et al. v. Infinity Real Estate Investments, Inc. et al.

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    Homes in Black and Latino neighborhoods still undervalued 50 years after US banned using race in real estate appraisals | The Conversation

    (The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)

    Junia Howell, University of Pittsburgh and Elizabeth Korver-Glenn, University of New Mexico

    (THE CONVERSATION) The Research Brief is a short take about interesting academic work.

    The big idea

    Racial inequality in home values is larger today than it was 40 years ago, with homes in white neighborhoods appreciating $200,000 more since 1980 than comparable homes in similar communities of color.

    Our new research on home appraisals shows neighborhood racial composition still drives unequal home values, despite laws that forbid real estate professionals from explicitly using race when evaluating a property’s worth. Published in the journal Social Problems, our study finds this growing inequality results from both historical policies and contemporary practices.

    In the 1930s, the federal government institutionalized a process for evaluating how much a property was worth. Often called redlining, this process used

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    Real estate news: This year’s Triangle Parade of Homes tour features North Carolina house designs with COVID-19 in mind

    RALEIGH, N.C. (WTVD) — The opportunity is back to meander through meticulously crafted homes. Parade of Homes is returning during COVID-19 and organizers are putting several safety precautions in place.

    At a home in northern Wake County, visitors marvel at a glass-encased staircase, check out imported wood or float through an expansive kitchen perfect for entertaining.

    Builders of the 6,000-square-foot home describe the architectural style as British West Indies, and the outdoor living features will surely make you feel like you’re on vacation.

    “Especially in the evening and at dusk when it’s lit up, it just adds a whole new feature,” Raleigh Custom Homes Lead Designer Connie Allen said.

    Multiple TVs are set up in the lounge area. There’s space for alfresco cooking and dining. A hot tub and fountain are by the pool, ideal for families these days.

    “Swimming pools have just taken off because people are not going

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    Accurate Group Helps Credit Unions Grow Real Estate Lending Business through Faster Loan Cycle Times, Lower Costs and Innovative Technology

    CLEVELAND–(BUSINESS WIRE)–Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, today announced the launch of a bundled solution designed to help credit unions accelerate growth and improve efficiency in real estate lending.

    Accurate Group provides the digital framework and modernized appraisal, title and closing processes lenders need to remain competitive in today’s real estate lending environment. The COVID-19 pandemic is posing challenges for real estate lenders – giving credit unions a window of opportunity to seize market share from less nimble competitors by investing in innovation and automation.

    Property appraisal, title and closing processes are ripe for automation and technology advancement. By creating a one-stop, bundled solution that addresses these areas with proven, market-leading technology and services, Accurate Group is helping credit unions achieve significant gains in efficiency, turn time improvement and member satisfaction. The bundled solution includes appraisal, title and

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    Homes in Black and Latino Neighborhoods Still Undervalued 50 Years After U.S. Banned Using Race In Real Estate Appraisals | Cities

    By Junia Howell and Elizabeth Korver-Glenn

    Our new research on home appraisals shows neighborhood racial composition still drives unequal home values, despite laws that forbid real estate professionals from explicitly using race when evaluating a property’s worth. Published in the journal Social Problems, our study finds this growing inequality results from both historical policies and contemporary practices.

    In the 1930s, the federal government institutionalized a process for evaluating how much a property was worth. Often called redlining, this process used neighborhood racial and socioeconomic composition to determine home values. Homes in white communities were deemed more valuable than identical dwellings in communities of color.

    Legislative action in the late 1960s and 1970s prohibited this practice. But the law allowed appraisers to use past sale prices to determine home values. Our research shows how using old, race-based sale prices ensured appraisers continued to define homes in white neighborhoods as worth more

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    Zillow iBuying program brings real estate transactions in-house by licensing Zillow Homes employees

    The iBuyers are quickly becoming all-in-one-buyers. On Wednesday, Zillow announced that its Zillow Offers customers will be offered “a more simple, integrated transaction experience through added services, managed in house,” starting in January 2021 with Zillow Homes.

    Customers in Atlanta, Phoenix and Tucson who sell their homes via the iBuying solution will work directly with licensed employees of Zillow Homes, its brokerage entity.

    A Zillow spokesperson told HousingWire that these people are already employed with Zillow, and will be getting real estate licenses. Zillow said it will not be recruiting for these positions.

    Zillow-owned homes in Atlanta, Phoenix and Tucson will be listed for sale by Zillow Homes employees who are licensed real estate agents. The Zillow Homes solution will expand into more markets throughout 2021.

    George Laughton, a Phoenix-area Zillow broker partner, told HousingWire that this means he will no longer be the broker on record for Zillow

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    Old House Handyman: Great-grandpa’s house offers new projects – Real Estate – The Columbus Dispatch

    A second daughter has launched into a home renovation project, which means that our tools and my aging muscles are getting regular weekend workouts.

    She is working on a house that was built in the 1930s by her great-great and great grandfathers.

    I learned the history of the house while riding around the countryside on hot summer days with my grandpa in his old pickup truck with its AM-only radio, no air-conditioning, and hand-crank windows. I had found a bell the size of a dorm refrigerator in his pasture near a pile of old lumber and wanted to know about it.

    Turns out, it came from the one-room schoolhouse he and his brother had attended in the early 1920s. And that’s not all he got from that old school during the Great Depression. He and his dad had secured salvage rights to the building, pulled it apart board by board,

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    Mortgage bailout numbers improve slowly, but real test is ahead

    Jb Reed | Bloomberg | Getty Images

    The number of borrowers in government Covid-19-related mortgage bailout programs is shrinking, but those in private-label or bank bailouts is rising.

    This suggests that there is still pain ahead in the mortgage market, as some borrowers are simply not recovering enough financially to afford their home loans.

    The total number of mortgages in active forbearance programs, where borrowers delay their monthly payments for at least three months, declined by 26,000 last week or 0.7%, according to Black Knight, a mortgage technology and data firm. This marks four consecutive weeks of improvement, but the pace has been slowing for the past few weeks.

    As of Sept. 15, just under 3.7 million homeowners remain in these plans, representing 7% of all active mortgages. Together, these loans represent $781 billion in unpaid principal. The number of forbearance plans are now down more than 22% from the

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    7 Clever Storage Ideas to Steal from the Real Simple Home

    Photography by Christopher Testani / Styling by Sara Smart / Flowers by Livia Cetti

    If months of stay-at-home orders taught us anything, it’s that we have a lot of stuff to declutter around our houses. But even once we purged the paper pile and curated our closets, many of us found that, despite our best efforts, there simply wasn’t enough space to stash everything. That’s where brilliant storage solutions step in. The 2020 Real Simple Home has no shortage of storage ideas, and the designers have sourced the best organizers from around the web. Here are just a few of our favorites for every room of your house.

    A Playful Pegboard

    In the tween bedroom, designer Joy Cho made remote learning seem much more fun by decking out the desk with a mustard yellow pegboard and

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