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The Lending Landscape in the United States Is Rapidly Changing
What's the risk of a 46 million-visitor overlap in monthly website traffic between the top 50 U.S. lenders and Zillow-like platforms? What Would Happen If Zillow Converted 5% of Your Bank's Website Traffic? In recent years, mortgage lenders have lost more and more of their audiences to Zillow, Trulia, Redfin, Realtor.com, & others, resulting in significant harm to their businesses. Read on to learn how this trend could affect the lending space, and what lenders must do to reverse it. The lending landscape in the United States is rapidly changing. Companies like Zillow are announcing their entry into mortgage lending, creating a significant business-loss scenario for banks and credit unions across the U.S. In this report, we investigate how top-50 lenders are losing their website audiences — potential homebuyers — to platforms like Zillow, Trulia, Redfin, and Realtor.com. The traffic overlap between lender websites and real estate platforms is 46 million visitors. If just 5% of these visitors in common converted with platforms like Zillow, U.S. banks would face hundreds of billions of dollars in lost business. But not all is lost: banks that have adopted digital home discovery and mortgage experience technologies have seen their overlap with Zillow- like platforms decrease, reducing business losses. INTRODUCTION OVERVIEW NestReady examined the top 50 US-based mortgage lenders to measure the impact of increasing competition from real estate marketplace platforms like Trulia, Zillow, Redfin, and Realtor.com. The goal of this study was to determine the extent to which lenders' online audiences overlap with top real estate portals. -
Burlingame | Rent Control Initiative Language
THE PEOPLE OF THE CITY OF BURLINGAME ORDAIN AS FOLLOWS: THE BURLINGAME COMMUNITY PROTECTION ORDINANCE Title 20, Chapter 20.04 20.04.010 Title and Purpose 20.04.020 Findings 20.04.030 Definitions 20.04.040 Exemptions 20.04.050 Additional Homeowner Protections 20.04.060 Just Cause for Eviction Protections 20.04.070 Stabilization ofRents 20.04.080 Rent Increases Pursuant to Annual General Adjustment 20.04.090 Initial Rents for New Tenancies 20.04.100 Rental Housing Commission 20.04.110 Petitions for Individual Rent Adjustment -- Bases 20.04.1 20 Petitions for Individual Rent Adjustment -- Procedures 20.04.130 Judicial Review 20.04.140 Non-waivability 20.04.150 Remedies 20.04.1 60 Injunctive and Other Civil Relief 20.04.170 Partial Invalidity 20.04.180 "Measure T" Repealed 20.04.190 Codification 20.04.200 Majority Approval, Effective Date, Execution 20.04.010 TITLE AND PURPOSE This Ordinance shall be known as the Burlingame Community Protection Ordinance. The purpose of this Ordinance is to promote neighborhood and community stability, healthy housing, and affordability for renters in the City of Burlingame by controlling excessive rent increases and arbitrary evictions to the greatest extent allowable under California law, while ensuring Landlords a fair and reasonable return on their investment, and gLiaranteeing fair protections for renters, homeowners, and businesses. As such, it is the purpose of this Ordinance to repeal Municipal Ordinance 1356, also known as "Measure T," which otherwise limits the City's ability to provide meaningful protections for its residents. 20.04.020 FINDINGS The People ofBurlingame find and declare as fo llows: (a) There is a shortage of decent, safe, affordable. -
Shireene Hale P.O. Box 693 Friday Harbor, WA 98250 San Juan County Planning Commission C/O Erika Shook, Director of Community De
Shireene Hale P.O. Box 693 Friday Harbor, WA 98250 San Juan County Planning Commission c/o Erika Shook, Director of Community Development P.O. Box 947 Friday Harbor, WA 98250 Re: Proposed Regulations for Short-Term Vacation Rentals Members of the San Juan County Planning Commission: I applaud the county’s efforts to address problems with short term vacation rentals through changes to the county regulations. I am however concerned that with no limit on the number of homes that can be converted to vacation rentals, the proposed regulations will continue to exacerbate our affordable housing crisis. While vacation rentals are not the primary cause of our affordable housing problems, they are a contributing factor – and one that we can control. Homes that are used as vacation rentals are profitable, commercial investments, benefitting the owners as well as the visitors using them. Businesses providing goods and services to visitors also benefit, though this benefit is likely offset to some extent due to the negative effects of vacation rentals. For those trying to live here, the conversion of homes to vacation rentals results in fewer homes available for rent or purchase. As in other communities, the demand for these investments puts upward pressure on rental and housing prices, making the remaining homes less affordable. Finally, because affordable housing is so limited, some employers have difficulty filling vacant positions. When jobs remain vacant, there are fewer residents shopping at local businesses, and the work associated with the vacant position is delayed or not done at all. While there is little data for San Juan County, these issues have been studied in other communities. -
Best Places for Short Term Rentals
Best Places For Short Term Rentals Unremarkable Buck episcopising some consistory and punt his sandiver so excruciatingly! Unboned Orin rockets untruly while Thorsten always robotize his squallers misesteems laggingly, he try so caudad. Is Skelly personable when Barr porrect surely? On nine california desert, law and regulations in the highest returns achieved after a new heights in While purchasing an eye out for rental income if possible step in terms of rentals for the best option. Continuing to best places to contact the short term rentals for the world waits for? Bookings and more this feedback is exactly where hotels ceo mark hoplamazian has storage unit is best places for short term rentals across the city has more? In place any type of rentals. Also about rental for places people will never be good money. Please check their local government in your rental property whether for information on permits, taxation, and regulations. Vh was clear regional break even more for rental feels like, rentals are aggregated and terms may be considered a place and the best practices and neighborhoods? Valley in rental investment does not available credit score report provides an online or just like to best deal on! Feel free to sting me a message if men want help choosing another origin in Florence. Contact the best for properties you are rentals such as well beyond architectural gems on your own. Please check for short term rentals. Weigh up for short term rentals can really helped when you place to best part of a purchase a single business. How to find places, what happen when you want to be researching other. -
Short Term Vacation Rental Advisory Committee (Stvrac)
SHORT TERM VACATION RENTAL ADVISORY COMMITTEE (STVRAC) Glenn Powell, District 1 (Chairman) Joel Molinari, Sr., District 3 Joe Paladin, District 2 (Vice Chairman) Alan Curtis, District 4 Angela Beckley Waldrop, Member at Large Glenn Heran, District 5 Dr. Robert DeWaters, Sr., Member at Large George Bryant, Alternate The Short Term Vacation Rental Advisory Committee (STVRAC) will meet at 10:00 a.m. on Thursday, November 12, 2015 in the County Administration Complex, Building B, B1- 501, 1800 27th Street, Vero Beach. AGENDA 1) Call to Order 2) Approval of Minutes of October 8, 2015 – Action Required 3) Old Business – Stan Boling, Community Development Director a. Update on Adopted Vacation Rental Parking Regulations 4) New Business – Stan Boling a. Vacation Rental Local Licensing and Tax Compliance – Action Required 5) Other Business– Joe Paladin, Vice Chairman a. Vacation Rental Parking in Mixed Use Projects 6) Announcement of Next Meeting 7) Adjournment cc: Joe Baird, Administrator Bill DeBraal, Attorneys Office Roland DeBlois, Chief, Environmental & Code Enforcement Mike Zito, Assistant County Administrator Scott Johnson, Webmaster John M. King, Interested Party Stan Boling, Community Development Director Richard Marini, EMS John McCoy, Current Development Chief John Duran, EMS John King, EMS Director Tuck Ferrell, Interested Party Norma Kissner, Interested Party Colleen Rosenbaum, Interested Party Luanne Foti, Interested Party Alan Corbin, Interested Party Barry Segal, Esquire, Interested Party Daniel Lamson, Interested Party Herb Whittall, -
Realtynex.Us Why Online Consumers Love Zillow and Trulia More Than You
realtynex.us Why online consumers love Zillow and Trulia more than you. realtynex.us forward At the National Association of REALTORS® 2013 Midyear Legislative Meetings, a new round of initiatives was created. NAR released a new report from its REthink program that called for a strengthened commitment to reestablishing REALTOR.com as the nation’s premier real estate portal. The top issue at the data strategies meeting, overseen by NAR’s MLS committee, was the recommendation that NAR put resources behind “owning the online relationship with consumers.“ The committee advanced an amendment that allows MLSes to create public-facing portals with member funding. The Board of Directors approved a special meeting whose intent is to craft a strategy that improves the operating agreement for REALTOR.com and allows them to better compete in the marketplace. For years, NAR, local MLSes, and REALTOR.com were the leading voices of the real estate industry. Recently, however, Zillow and Trulia have steadily gained consumer audience, and now enjoy the highest numbers in the industry of unique visitors each month. For the REALTOR® family, this is clearly a problem. Up until now, it’s been compounded by the group not admitting they have a problem. The initiatives proposed at 2013’s Midyear meetings clearly point to their realization that they are no longer the exclusive voice of real estate. The next step is understanding why they have this problem. This report is for the so-called 1%. It’s for an MLS board member, a VP of eMarketing at a franchiser, or the CTO of a large broker that’s been tasked with actually beating out Zillow and Trulia at the local or national level. -
ZILLOW GROUP, INC. (Exact Name of Registrant As Specified in Its Charter)
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2015 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36853 ZILLOW GROUP, INC. (Exact name of registrant as specified in its charter) Washington 47-1645716 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 1301 Second Avenue, Floor 31, Seattle, Washington 98101 (Address of principal executive offices) (Zip code) (206) 470-7000 @ZillowGroup (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Class A Common Stock, par value $0.0001 per share The Nasdaq Global Select Market Class C Capital Stock, par value $0.0001 per share The Nasdaq Global Select Market (Title of each class) (Name of each exchange on which registered) Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act: Yes x No ¨ Indicate by check mark whether the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act: Yes ¨ No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. -
Florida Keys Vacation Rental Issues Investigative Report Illegal Vacation Rentals And
Florida Keys Vacation Rental Issues Investigative Report Illegal Vacation Rentals and Prepared for the: Scams Monroe County Tourist Development Council April, 2015 Background The purpose of the report is to examine the occurrence of illegal or non-compliant vacation rentals and vacation rental scams throughout the Florida Keys; providing recommendations for how such practices may be mitigated. Illegal vacation rentals and vacation rental scams are important issues to the Monroe County Tourist Development Council (TDC) for many reasons, including chiefly our concern of their potential negative impacts to our tourism industry, visitors and our community. Illegal or non-compliant units may evade tourist development taxes and sales taxes. It is estimated that tourism is responsible for 60% of sales tax revenue in our community. Sales tax benefits our Keys area schools and infrastructure through our county’s local option discretionary sales surtaxes. Sales tax also benefits our Keys municipalities through the State’s half-cent give- back. This funds critical area services. Sales tax also funds the State and the services it provides to the Keys. In our area, one-cent of tourist development taxes collected on transient accommodations is a tourist impact tax. This tax funds environmentally sensitive land acquisition and affordable housing initiatives, and the County’s general fund to offset the impacts of tourism. Almost 100% of this tax is paid by tourists. The remaining tourist development taxes leveed fund the TDC and its efforts to market the Florida Keys as a tourism destination and maintain its tourism product. This includes beach re-nourishment, support of local culture and the arts, event funding, and capital improvements to government owned and not-for-profit recreational offerings. -
The Who's Who of Short-Term Rental Listing Sites 2021
THE WHO’S WHO OF SHORT-TERM RENTAL LISTING SITES 2021 Widen your marketing mix today with CHAPTER 1 TOP LOCAL Content 06 SMOKY MOUNTAINS 07 STATE OF FLORIDA 08 TRI-STATE AREA 10 SPAIN 11 ITALIAN TRAVELLERS 12 CROATIA 13 UK CHAPTER 2 CURATED LIST 19 BUSINESS-FRIENDLY 20 ACCESSIBLE TRAVEL 22 PET-FRIENDLY 24 PREMIUM & LUXURY 30 OUTDOOR TRAVEL 31 INCLUSION TRAVEL Symbols 34 QUIRKY PLACES 34 KID-FRIENDLY COMPANY BASE CHAPTER 3 TRAVEL TRENDS DATE OF FOUNDING 37 BOOK WITH THE OWNER 39 SPORT TOURISM INVESTMENT RECEIVED 41 DIGITAL NOMAD 45 LAST MINUTE LAST INVESTMENT ROUND YEAR 47 SOCIAL RESPONSIBILITY 50 WELLNESS Nº EMPLOYEES 51 CANNABIS TRAVEL 01 Foreword If the difficult year behind us has taught us anything, it’s that THE TOP LOCAL CATEGORY diversifying your distribution is key. Ensuring you have a wide range of booking sources can be the difference between a These listing sites are hyper-local. They’re true experts in their sustainable business and one that fails to weather the storm. area. They either offer an informed selection of places to stay in a For most property managers, a good combination of booking particular destination or focus on attracting travellers of specific channels includes their own website, the big OTAs, and a nationalities. handful of niche channels that work well for their business. THE CURATED LIST CATEGORY These listing sites select, organise and present rentals based on Rentals United Channel Manager allows property managers their own expertise and criteria. Some examples of curated lists to automatically distribute their listings and update their include luxury rentals, accessible accommodation, pet-friendly calendars, pricing and availability across a variety of channels. -
Zillow-Trulia Deal Outline.Docx
WATER OUT OF TWO STONES MASTERS OF INTERNATIONAL BUSINESS EDWARD LEE DAVID ALDAMA SHU GAO I. Introduction In 2012, Zillow CEO Spencer Rascoff likened his newly launched business model to the task of getting water out of a stone1, a reference to his view of the industry’s trapped value and the evaporation of company profit despite persistent expenditure. After two years, several acquisitions, a significant capital raise, and consecutive years of earnings loss, Mr. Rascoff’s latest solution is to simply try to get water from another rock. Yet, the market has continued to favor the potential of Zillow and Trulia to profitably disrupt the real estate brokerage industry with Zillow trading at a market price of $108.73 per share as of Oct 31 close and Trulia moving in lockstep. We view this market expectation as fundamentally mispriced, principally due to their weak position relative to their clients, suppliers, and competitors. The growth story of Zillow and Trulia has been certainly noteworthy, but all good things must come to an end, some earlier than others. II. Deal Valuation Which company is getting the better deal and why? While every financial news pundit proclaimed Zillow’s acquisition of Trulia as a deal with a $3.5 billion price tag, the more relevant term to emphasize would have been the exchange ratio, fixed at 0.444 Zillow shares for one Trulia share. As a stock-only transaction, the sole compensation for Trulia shareholders will be 0.444 shares of Zillow for each share of Trulia once the transaction closes. 1 “CMLS question and Zillow answer”, YouTube 0:59 - https://www.youtube.com/watch?feature=player_embedded&v=mnwOcW53gK0 MASTERS OF INTERNATIONAL BUSINESS EDWARD LEE DAVID ALDAMA SHU GAO If we look at the stock prices of Zillow and Trulia, normalized as of October last year, there is a trend of divergence up until deal announcement at the end of July (see green-shaded areas in the exhibit below). -
Using Seattle Rental Group to Lease out Your Property
Frequently Asked Questions About Leasing Your Property With Seattle Rental Group What does the Leasing Service include? Our Leasing Service includes rental analysis, advertising, property showings, tenant screening, lease/move-in paperwork, key/monies exchange and access to all our resources including our proprietary Resource Center accessible 24/7 from our website. Where do you market my property? After taking professional photos of your property we will feature your home in front of our private network of rental relocation clients from Microsoft, Boeing, Google, Swedish and other major Puget Sound corporations. We also place your property on SeattleRentals.com, SeattleRentalGroup.com, Craigslist, Zillow, Trulia, HotPads, and many other syndication sites and social media platforms. In addition we work with all local brokers in the area and will list your property on the NWMLS, when appropriate. How do you determine the rental value? Being market experts in all different types of rentals- apartments, condos and homes- we know our rental market inside and out and are able to determine a rental rate based on comparable properties that we have leased in the area and those currently on the market. We pride ourselves on being able to detect market trends and can make sure that you are priced to maximize your investment while experiencing the least amount of vacancy possible. What is needed from me to start the Leasing Service? In order to start our Leasing Service, we will need a signed Leasing Service Agreement, a set of keys for showings and $300 ($500 if your property is on the market for sale) non-refundable Leasing Service retainer. -
Gentrifying a Superfund Site: Why Gowanus, Brooklyn Is Becoming a Real Estate Hot Spot
Consilience: The Journal of Sustainable Development Vol. 14, Iss. 2 (2015), Pp. 214–224 Gentrifying a Superfund Site: Why Gowanus, Brooklyn is Becoming a Real Estate Hot Spot Rebecca Salima Krisel School of International and Public Affairs Columbia University, New York [email protected] Abstract This feature length article tells the story of Gowanus, a Brooklyn neighborhood on the Gowanus Canal, haunted by the pollutants of its industrial past.. The Environmental Protection Agency recognized the Gowanus Canal as a Superfund cleanup site in March 2010. Yet Gowanus is experiencing an economic and cultural revival. What was historically a booming manufacturing area with active warehouses spilling their waste into the Gowanus Canal is now an industrial site where middle to upper class families, seeking to purchase organic foods, are willing to relocate and settle down. As of December 2014, a two-bedroom condo boasting waterfront views and located just one block away from the Gowanus Canal on Carroll Street was priced at $1,549,000. The average price per square foot for homes in Gowanus is 50 percent higher than the rest of Brooklyn. This story links issues of sustainable development and current urban housing needs in New York City. My research rested primarily on interviews with subjects who have expertise in the changes of the neighborhood. I was fortunate to speak with a real estate agent who specializes in Gowanus, a representative at an affordable housing advocacy group working on development in Gowanus, two separate families who moved to the area when they started began having children, and a life-long resident of 27 years.