2020 – Page 31

Brett Meringoff Joins Fairstead

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Brett Meringoff, a prominent affordable and mixed-income housing developer has steppedin to help lead Fairstead’s expanding development business across the country. In his new role as senior vice president, he will be based in the firm’s Bethesda, Maryland, office. Fairstead is a fully-integrated real estate firm committed to affordable housing. Meringoff will work on ground-up developments and new acquisitions for both affordable and mixed-income projects across the country. Meringoff most

Hilltop Residential Expands into Florida and Georgia Markets

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Hilltop Residential, a Houston-based multifamily real estate investment company, has brought in Craig Marbach as executive vice president. Marbach will help lead the firm as it extends its portfolio into the Southeast, specifically the Georgia and Florida markets. Craig previously served as managing director at Venterra Realty Management, where he was responsible for acquiring 11,198 units through 40 deals in the Southeast during his 13-year tenure. Since launching in 2017,

Neighbor.com Launches in Dallas

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Neighbor.com has expanded into Dallas, Texas, the second-largest self-storage market in the nation. The company offers a sustainable alternative to traditional self-storage that allows local residents to rent out extra space in their homes to their neighbors. The arrangement allows homeowners to accumulate monthly passive income. “Texas is the second largest self-storage market in the United States, so it’s fitting that Neighbor’s peer-to-peer storage marketplace has grown organically in Dallas,

Homesnap Introduces New Platform

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Homesnap has introduced All-New Homesnap Pro, the next generation of its home search platform. Homesnap, which offers a national home search platform that provides MLS data in real time, says that the newest version provides real estate professionals with more than 500 data sources on a single platform. One of the platforms features is Off- Market Marketplace, which uses machine learning to assign homes a “Likelihood to List” score.

Apartment Market Growth in 2019

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Apartments.com and CoStar Group looked at rental markets in the U.S. with more than 50,000 units and have compiled the hottest markets of 2019 according to number of new units, highest rent levels and rent growths, and decreases in vacancies. With 19,522 apartment units built in 2019, Dallas-Fort Worth, Texas, leads the nation with the highest number of new units. For renters looking for a new home in Dallas, there

U.S. Foreclosure Activity Drops to 15-Year Low

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ATTOM Data Solutions’ Year-End 2019 U.S. Foreclosure Market Report shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 493,066 U.S. properties in 2019, down 21% from 2018 and down 83% from a peak of nearly 2.9 million in 2010 to the lowest level since tracking began in 2005. Those 493,066 properties with foreclosure filings in 2019 represented 0.36% of all U.S. housing units, down from 0.47% in 2018