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DS News February 2019

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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» VISIT US ONLINE @ DSNEWS.COM 83 to grow and that lenders will require our services," he said. Class Valuation was assisted by Berkery Noyes in the successful completion of this transaction. MINNESOTA Strong Seller's Market Minneapolis/St. Paul/Bloomington, Min- nesota-Wisconsin featured in the top 10 list of hottest markets in Pro Teck Sevices' Housing Market Report for the first time out of the top 200 metropolitan areas in the U.S. e report stated that Minnesota was ranked at 3 and 5 best state to live in by CNBC and 24/7 Wall Street, respectively. e rankings are based on key indicators such as poverty rates, life expectancy, population growth, unemployment rates, education, crime rates and quality of life. Factoring in these indicators, the report revealed that Minnesota recorded the highest high school graduation rate at 93.1 percent. e state also reflected the largest share of the population with post-secondary education at 74.4 percent. According to the report, Minnesota has added 37,000 jobs over the last year and recorded employment rates at 2.8 percent. It also pointed out a steady growth in the state's population at 7.3 percent. e reports noted significant improvements in the Twin Cities' markets over the past two years. e home prices in Minneapolis/St. Paul is up by 16 percent from pre-recession levels, the report found. Minneapolis metro is a strong seller's market with more and more people looking to put down roots in such a favorable location. e month's remaining inventory is at a mere 2.47. e active days on market for the metro is at just 50 days—the lowest number recorded by Pro Teck in its top 10 rankings. e number of listings saw a decline by 16 percent this month and is projected to continue, the report said. Changing the SFR Marketplace Renters Warehouse, a full-service real es- tate investment company based in Minnesota is on its way to becoming the largest company in this space with the acquisition of OwnA- merica, the second-largest single-family rental (SFR) investment marketplace in the U.S. e transaction, which closed on January 1, 2019, will help Renters Warehouse get the marketplace technology that allows real estate investors to buy and sell SFR properties. Greg Rand, CEO, OwnAmerica will be joining the Renters Warehouse executive team as Chief Strategy Officer and will be guiding the continued development of the marketplace platform, as well as building out and leading a team of local real estate investment agents in all Renters Warehouse markets to assist inves- tors with their buying and selling decisions. "For over a decade, Renters Warehouse has been working to build the nation's largest and best single-family rental property manage- ment company," said Kevin Ortner, CEO, Renters Warehouse. "As we strive to offer our clients better access to information, data, and resources to make investing easier, OwnA- merica's portfolio visualizer tools and market research capabilities stood out as industry lead- ing and a great addition to our suite of services. is technology, coupled with our full-service property management solution, will make Renters Warehouse America's largest full- service real estate investment company." e new Renters Warehouse marketplace will allow investors to buy, manage, and sell properties in one place. Renters Warehouse has said that it would also give investors access to stock-like analytics and day-to-day property management. "Investors in the housing market are At the 2019 Five Star Fintech Summit, subject-matter experts representing leading mortgage and tech companies will discuss the latest advances in financial technology and how these innovations are being implemented to streamline processes, increase transparency, and reduce costs across the financial services sector. MARCH 13–14, 2019 THE GUEST HOUSE AT GRACELAND MEMPHIS, TENNESSEE FiveStarFintech.com less homes sold in the Chicago area in 2018 from the previous year. Source: Illinois Association of Realtors STAT INSIGHT 3.7%

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