2022 – Page 66

Word of the day: Equable

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[EK-wə-bl] Part of speech: Adjective Origin: Latin, mid-17th century Definitions: 1. (of a person) Not easily disturbed or angered; calm and even-tempered. 2. Not varying or fluctuating greatly. Examples of Equable in a sentence “Dad is easier to bargain with because of his equable personality.” “The sea was equable and glassy, with not a single wave in sight.” About Equable Equable’s modern definition of “fair and equitable” comes from the Latin words “aequabilis” and “aequare” (make equal). Did you Know? If the continual temperature fluctuation in a climate with four seasons seems rough to handle, it might be time to seek out an equable climate. An equable climate is one that has very little temperature variation. Some parts of Florida and California, for example, largely experience the same temperatures throughout the year, making them popular destinations for retirees and snowbirds.

Word of the Day: Tête-à-tête

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[ted-ə-TET] Part of speech: Noun Origin: French, late 17th century Definitions: 1. A private conversation between two people. 2. An S-shaped sofa on which two people can sit face to face. Examples of Tête-à-tête in a sentence “The world leaders had a private tête-à-tête before the press conference.” “The 20-somethings sat on the tête-à-tête and continued to flirt.” About Tête-à-tête This word comes directly from the French, literally meaning “head-to-head.” Originates from the Old French “teste,” meaning “head.” Did you Know? The courting bench and the gossip’s chair are just two of the monikers given to the tête-à-tête couch. They were extremely popular in Victorian-era upper-class homes — perhaps because Victorians were so conservative about the courting process. The sofa’s unique design allowed blossoming couples to sit close without ever touching.

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Company investment broadens opportunity and choice in the overall housing market Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) announced it has committed to providing $250 million of equity capital to launch Pathway Homes (“Pathway”), a new real estate company that provides unique housing solutions that address critical needs in the U.S. residential sector. Pathway works directly with customers to identify and purchase a home, offering them the opportunity to first lease and then buy the home outright at a future date. In addition to investing in the homes and technology platform for the startup and its real estate fund, Invitation Homes will provide maintenance and other services to all Pathway homes, enabling the Company to broaden its third-party property management services. “Our investment in Pathway is part of our vision to provide opportunity and choice in the overall housing market,” said Dallas Tanner, President & CEO of Invitation Homes. “We saw an opportunity a decade ago to revolutionize the home rental industry and, now more than ever, believe that the single-family rental model is an advantage for the growing share of Americans who are opting not to buy a house. Now, with this innovative solution, we once again expand available housing choices and open the door to homeownership for millions of people who want to own a home.” Pathway was launched by Invitation Homes, Regis Group and Fifth Wall with the intention of primarily serving first-time homebuyers that may not have access to traditional avenues to home ownership. For more information on Pathway or to get pre-qualified, visit www.yourpathway.com. About Invitation Homes Invitation Homes is the nation’s premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The Company’s mission, “Together with you, we make a house a home,” reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents’ living experiences. About Regis Group For more than 40 years, Regis has been a leading real estate private equity investor and operator with more than $20 billion of investments across national real estate platforms in the U.S. and the U.K. Regis has a demonstrated track record of success in identifying unmet customer needs and establishing national, institutionally-managed platforms to provide high quality real estate solutions at scale. Regis focuses on creating long-term, durable businesses and its proven strategies combine a deep customer focus, operational expertise, technological innovation and capital markets experience. About Fifth Wall Founded in 2016, Fifth Wall, a Certified B Corporation, is the largest venture capital firm focused on technology-driven innovation for the global real estate industry. With approximately $3.0 billion in commitments and capital under management, Fifth Wall connects many of the world’s largest owners and operators of real estate with the entrepreneurs who are redefining the future of the Built World. Fifth Wall is backed by a global mix of more than 90 strategic investors from more than 15 countries. Fifth Wall believes this strategic corporate consortium represents one of the largest groups of potential partners in the global Built World ecosystem, which can result in game-changing investments and collaborations in promising portfolio companies in retail, residential and multi-family, commercial, industrial, hospitality, and more. For more information about Fifth Wall, its partners, and portfolio, visit www.fifthwall.com.

HiLine Homes Offers Solutions to Building an ADU on Your Property

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Accessory Dwelling Units (ADUs) continue to be a popular option for homeowners who want to tap into rental income, have a safe space for aging parents, or expand the livability of their property. ADUs were traditionally restricted to city and county properties within urban growth boundaries or rural farms for farmworkers. However, with new laws, property owners’ rights are expanded, and the opportunity to build an ADU on your property is more realistic. Why Build an ADU on Your Property For many homeowners, an ADU offers a path to keep aging parents close, offers adult children an affordable home to save money, or a flex space for work privacy and occasional guests. Here are a few ways an ADU can enhance your life and property: Dedicated home for caregivers Safe & secluded space for family members Quiet home office Comfortable guest home Long term rental investment An affordable option for adult children As communities recognize the need for more housing, building a second home on your property is a helpful solution to affordable housing issues. ADUs are more than just a guest room. Typically an ADU dwelling includes a kitchen, bathroom, and separate access. Because an ADU is a permanent structure complete with utilities, it is a sustainable and long-term housing investment. How to Build an ADU Local housing ordinances will play a role in determining the possibility, size & location of an ADU on your property. However, with recent laws that expand your opportunity to build a second home on your property, it is worth considering. HiLine Home Consultants are knowledgeable and can break down your options into more manageable pieces, walking you through your project step by step. First Steps to Building an ADU on Your Property As you plan, think about how you’ll use a second home on your property. This consideration will allow you to better understand your project’s development and building costs. A checklist of things to research and consider: Establish budget Learn about financing Check with building jurisdiction for property requirements Determine utility connections Order your HiLine ADU specific home Criteria for Building an ADU on Your Property Finding out the criteria to build an ADU for your specific property is important to the success of your project. Here are some items to find out: What is the maximum square footage allowable? How big must my property be to allow an ADU? What are the setbacks from existing utilities? Will utilities be accessible to the new home? Are fire protection services required? Don’t know where to start? No worries. Connect with your dedicated HiLine Home Consultant to learn more about what to expect when building a second home on your property. Whether you are looking for a guest house or need something bigger, our building program is designed to support you. HiLineHomes.com | 888-882-2232 | CCB# 182300, 181069

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RISMedia, the leading information and news provider for the residential real estate industry, has announced its 2022 list of Real Estate Newsmakers. This year’s honorees are a dynamic group of individuals who experienced a truly unique set of circumstances in 2021. Through it all, this year’s honorees stood out for making news for their positive contributions to the consumers and communities they serve. RISMedia’s 2022 Real Estate Newsmakers include over 300 industry members, showcased in the February 2022 issue of RISMedia’s Real Estate magazine and in an online directory on RISMedia.com, in the following categories: Achievers, Crusaders, Futurists, Influencers, Motivators, Luminaries, Trailblazers and Trendsetters. Additionally, within the 2022 Real Estate Newsmakers, RISMedia honored the third-annual Hall of Fame Newsmakers: – Candace Adams, President & CEO, Berkshire Hathaway HomeServices New England, Westchester, New York, Hudson Valley Properties– Jon Coile, VP – MLS & Industry Relations, HomeServices of America– Jim Fite, President, CENTURY 21 Judge Fite Company– J.B. Goodwin, CEO, JBGoodwin REALTORS®– Terrie O’Connor, Founder & Broker/Owner, Terrie O’Connor REALTORS®– Joe Horning, President, Shorewest REALTORS®– Tina Lapp, President, Colibri Real Estate– Pam Liebman, President & CEO, The Corcoran Group– Michael Pappas, President & CEO, The Keyes Company/Illustrated Properties– Ken Trepeta, President & Executive Director, Real Estate Services Providers Council (RESPRO®) RISMedia will celebrate and honor its 2022 Real Estate Newsmakers and Hall of Fame inductees during its annual Real Estate Newsmakers Reception & Dinner, this year being held in conjunction with the 2022 CEO & Leadership Exchange on Sept. 7, 2022, at the historic Mayflower Hotel in Washington, D.C. “From records being broken, to the glass ceilings being shattered and the creativity and technology innovation being implemented through our changing times, to the always-inspiring and wonderful charitable work being done across the nation, we continue to be amazed by the incredible ingenuity and success of the professionals in the real estate community, over 300 of whom we are celebrating in our fifth year of honoring Real Estate Newsmakers,” said John Featherston, CEO, president and publisher of RISMedia. “Once again, we are proud to recognize the hard work, dedication and determination of real estate’s finest professionals who went above and beyond in 2021 amid the challenges and opportunities of this historic market.” To view the full list of RISMedia’s 2022 Real Estate Newsmakers, click here. About RISMediaRISMedia was founded in 1980 by CEO and Publisher John E. Featherston as the residential real estate industry’s definitive source for news and information for real estate’s most profitable and productive professionals. For over 40 years, RISMedia has provided the industry with news, strategies and trends, and educational events, including RISMedia’s Real Estate CEO Exchange; the Real Estate Newsmaker Reception & Dinner; the Power Broker Forum, Reception & Dinner; Real Estate’s Rocking in the New Year; and RISMedia’s Spring Into Action. For more information, please visit www.rismedia.com.

More than a third of recent movers say it’s harder to find a house than a spouse

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New Zillow survey finds most Americans enjoy home shopping more than dating – More than 60% of women prefer home shopping to dating. – Most people say they have more deal breakers and longer wish lists for a romantic partner than for a home. – Nearly 3 in 4 Americans believe they could fall in love at first sight with a home. Love is in the air this Valentine’s Day, at least when it comes to home. A new survey from Zillow finds 80% of Americans say they love their home. However, finding a home is a lot more challenging in today’s hypercompetitive and rapidly appreciating housing market. About one-third of recent movers (34%) say it’s harder to find a house to buy than a spouse, yet most say shopping for a home is more enjoyable. Women are more likely than men to say shopping for a home is more enjoyable than dating; 62% compared to 39% of men. Some psychologists believe looking at for-sale listings can create a mood-boosting chemical reaction in the brain similar to the excitement of a romantic relationship, a phenomenon parodied on SNL. During the pandemic, a record number of users surfed Zillow to escape the stress of their lives and dream of the possibilities a move could bring. “The way we shop for homes is in many ways similar to the way we meet romantic partners,” said Zillow home trends expert Amanda Pendleton. “Both involve wish lists, compromises and deal breakers, and much of the legwork happens online. But unlike dating apps, tools like interactive floor plans and virtual 3D home tours mean fewer home shoppers are disappointed when they see a home in person for the first time. Perhaps that’s one reason this survey found that far more people think they’ll be successful using an app to find a home to buy (76%) than to find a romantic partner (24%).” Another reason may be expectations. Most people (62%) say their wish list for a romantic partner is more difficult to satisfy than their wish list for a home (38%), and 61% say they have more deal breakers when it comes to choosing a partner. Two-thirds of Americans are more willing to compromise on qualities in a home to buy (67%) than qualities in a romantic partner (33%). Still, most people are romantics at heart, at least when it comes to their home. Nearly 3 in 4 Americans believe they could fall in love at first sight with a home (73%), while more than half believe they could fall in love at first sight with a person (54%). While 65% of singles would consider moving to improve their dating prospects, 84% say they would consider moving in order to buy a home. Once they find it, most people love their home (80%). The most common reasons people love their home are the memories associated with it (82%), and their home’s location, neighborhood or neighbors (77%). Tools like Zillow’s travel-time function, walk score and transit score can help shoppers choose a neighborhood they’ll love. As with dating, finding “the one” in today’s housing market may be tough, but shoppers can take steps to land their dream home with the right partners, preparation and persistence.