AgencyLogic Support Series – An Overview of the Activity Center

AgencyLogic provides PowerOffice, a set of tools and features that allow brokers and franchises to manage enterprise volumes of single property Websites.

To get access to PowerOffice give us a call on:

(888) 201-5160

or email:

support@agencylogic.com

Step 1:

Log into your account. You will see PowerOffice from the main menu:

Single Property Websites

Step 2:

Click on the PowerOffice link. From here a pop-up window will appear giving you one-click access to all of the PowerOffice features:

Single Property Websites

Step 3:

The PowerOffice system allows an administrator to:

  • manage users
  • assign or revoke licenses
  • track sales activity
  • purchase licenses at a discounted rate
  • determine which design templates your agents may pick from
  • improve your firm’s search engine rankings.

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A Fun Way To Make Homes More Attractive or Scary?

Thank you Rossi for pointing out a German company that has created a great way to make the most mundane of home features a little more interesting.

Prices range from $199 to $399 for the double-door (all but guaranteed to make passersby take a second look!) My favorite is the jet, what’s yours?

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If you enjoyed this post you’ll certainly enjoy these other ‘Just For Fun’ posts!

The Phones Emitting the Most Radiation

Source: Statista

For most people nowadays, their smartphone is within arm’s reach 24 hours a day. It’s in their pocket while they’re at work, it’s in their hand on the train ride home and it’s on their bedside table as they go to sleep. With this level of proximity and usage, many can’t quite shake the niggling feeling that they might be risking damage to themselves in the long run. While conclusive longitudinal research on the effects of cell phone radiation is still hard to come by, for those looking to hedge their bets, this infographic shows the phones that emit the most radiation when held to the ear while calling.

The German Federal Office for Radiation Protection (Bundesamt für Strahlenschutz) has a comprehensive database of smartphones – new and old – and the level of radiation they emit. Following the criteria set for this chart (see footnotes), the current smartphone creating the highest level of radiation is the 5T from Chinese vendor OnePlus. In fact, the top list is dominated by handsets made by Chinese companies, with OnePlus, Huawei and ZTE accounting for 9 of the 15 phones with the largest values. It must be said though, that premium Apple phones such as the iPhone 7 and the recently released iPhone 8 are also here to be seen.

While there is no universal guideline for a ‘safe” level of phone radiation, the German certification for environmental friendliness ‘Der Blaue Engel’ (Blue Angel) only certifies phones which have a specific absorption rate of less than 0.60 watts per kilogram. All of the phones featured here come in at more than double this benchmark.

Phone Infographic

Tom Ferry and Gary Vaynerchuk Discuss How $2 Million is Awesome But $7 Million is Better!

Last month in Miami, Tom attempted to interview Gary 😉

They discussed:

  • The LinkedIn blog post every agent should have
  • Why $7 million GCI isn’t that far from $2 million
  • His “toll booth” analogy: Are you a toll collector or a car?
  • The No. 1 action step from his new book
  • How your audience will direct your future content

Redfin Report: Wildfires Threaten $1.5 Trillion Worth of Homes in the United States

Housing Markets in California’s Los Angeles, Orange and Santa Clara Counties are at the Greatest Risk of Wildfire Destruction but Local Homebuyers are Not Deterred

SEATTLE, Feb. 5, 2018 (PRNewswire) (NASDAQ: RDFN) — Wildfires threaten $1.5 trillion worth of homes in the United States, representing a disproportionately large portion–7.7 percent–of U.S. housing value, according to Redfin, (www.redfin.com), the next-generation real estate brokerage. The counties at the greatest risk–California’s Los Angeles, Orange and Santa Clara–are among the country’s most expensive housing markets and are already plagued by ongoing inventory shortages. But local real estate agents say the wildfire risk is not deterring homebuyers from continuing to put down roots in these communities.

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“People who are still in shock from losing their homes and possessions from the October fires are greeting one another at open houses while comparing notes on the hotels or rentals where they are temporarily living,” said Redfin Santa Rosa agent Starling Scholz. “People view wildfire risk as a price of living in California that’s well worth the rewards: beautiful weather, nature and well-paying jobs.”

Below are the top 10 counties for risk of wildfire destruction, ranked according to the estimated total value of homes at risk. To be considered, there had to have been at least five major fires recorded by the Federal Emergency Management Agency (FEMA) in the county since 1960. Los Angeles, Orange and Santa Clara counties top the list, which is dominated by California counties. The only non-California counties to make the list were Harris and Dallas counties in Texas and Clark county in Nevada. California is so predominant in the ranking not only because of the state’s high frequency of wildfires, but also because of its desirable, expensive housing markets. If demand for homes in these places doesn’t subside, inventory shortages and affordability crises in these places will likely continue as wildfires inevitably destroy more homes each year.

Top 10 U.S. Counties for Fire Risk

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“Restrictive zoning and underbuilding make wildfires even more damaging for homeowners and renters in affected areas. Despite strong demand and severe inventory shortages, California has built the fewest number of homes per new resident of any state, with just one unit for every four new residents, compared to one new unit for every 1.8 new residents nationally,” said Redfin chief economist Nela Richardson. “When people whose homes just burned down are jumping back into bidding wars to buy new homes in the same area, you know wildfires alone won’t cool these competitive markets. However, California’s chronic lack of homes and eroding affordability make recovering from a natural disaster much more challenging than in states like Texas with more adequate housing supply.”

Redfin Santa Barbara agent John Venti has noticed that while wildfires certainly pose a risk to homes, California’s overall affordability is a bigger concern for homebuyers.

“I was touring with clients last month, and in the 15 minutes it took to see the home, our cars were completely covered in ash from nearby wildfires,” said Venti. “The homebuyers were not fazed. If anything, people are more often deterred from buying homes in this area by high gas prices and high taxes than wildfires.”

For the people who are still interested in buying homes in wildfire zones, Venti has some advice.

“It’s important to get a fire insurance quote before falling in love with a home,” he said. “We’ve had people and properties receive exorbitantly high quotes for fire insurance. Others were flat-out denied coverage because the home was too risky or the buyer had a large outstanding claim from a previous fire. California FAIR Plan property insurance may be able to provide insurance for homes that have been denied coverage.”

The full report, complete with a detailed methodology, can be found here: https://www.redfin.com/blog/2018/02/wildfires-threaten-1-5-trillion-worth-of-homes-in-the-united-states.html.

About Redfin
Redfin (www.redfin.com) is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer’s favor. Founded by software engineers, Redfin has the country’s #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry’s lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $50 billion in home sales.

CoreLogic Reports December Home Prices Up More Than 6 Percent Year-Over-Year for Fifth Consecutive Month

  • Largest Price Gains During 2017 Were in California, Idaho, Nevada, Utah and Washington
  • Affordability Continues to Erode, Especially in Low-Price Range
  • Home Prices Projected to Increase by 4.3 Percent by December 2018

Irvine, CA – February 6th, 2018 (BUSINESS WIRE) CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its CoreLogic Home Price Index (HPI™) and HPI Forecast™ for December 2017, which shows home prices are up both year over year and month over month. Home prices nationally increased year over year by 6.6 percent from December 2016 to December 2017, and on a month-over-month basis home prices increased by 0.5 percent in December 2017 compared with November 2017,* according to the CoreLogic HPI.

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Looking ahead, the CoreLogic HPI Forecast indicates that home prices will increase by 4.3 percent on a year-over-year basis from December 2017 to December 2018, and on a month-over-month basis home prices are expected to decrease by 0.4 percent from December 2017 to January 2018. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

“The number of homes for sale has remained very low,” said Dr. Frank Nothaft, chief economist for CoreLogic. “Job growth lowered the unemployment rate to 4.1 percent by year’s end, the lowest level in 17 years. Rising income and consumer confidence has increased the number of prospective homebuyers. The net result of rising demand and limited for-sale inventory is a continued appreciation in home prices.”

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According to CoreLogic Market Condition Indicators (MCI) data, an analysis of housing values in the country’s 100 largest metropolitan areas based on housing stock, 35 percent of metropolitan areas have an overvalued housing market as of December 2017. The MCI analysis categorizes home prices in individual markets as undervalued, at value or overvalued by comparing home prices to their long-run, sustainable levels, which are supported by local market fundamentals such as disposable income. Also, as of December, 28 percent of the top 100 metropolitan areas were undervalued and 37 percent were at value. When looking at only the top 50 markets based on housing stock, 48 percent were overvalued, 14 percent were undervalued and 38 percent were at value. The MCI analysis defines an overvalued housing market as one in which home prices are at least 10 percent higher than the long-term, sustainable level, while an undervalued housing market is one in which home prices are at least 10 percent below the sustainable level.

“Home prices continue to rise as a result of aggressive monetary policy, the economic and jobs recovery and a lack of housing stock. The largest price gains during 2017 were in five Western states: California, Idaho, Nevada, Utah and Washington,” said Frank Martell, president and CEO of CoreLogic. “As home prices and the cost of originating loans rise, affordability continues to erode, making it more challenging for both first time buyers and moderate-income families to buy. At this point, we estimate that more than one-third of the 100 largest metropolitan areas are overvalued.”

* November 2017 data was revised. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results.

Methodology
The CoreLogic HPI™ is built on industry-leading public record, servicing and securities real-estate databases and incorporates more than 40 years of repeat-sales transactions for analyzing home price trends. Generally released on the first Tuesday of each month with an average five-week lag, the CoreLogic HPI is designed to provide an early indication of home price trends by market segment and for the “Single-Family Combined” tier representing the most comprehensive set of properties, including all sales for single-family attached and single-family detached properties. The indexes are fully revised with each release and employ techniques to signal turning points sooner. The CoreLogic HPI provides measures for multiple market segments, referred to as tiers, based on property type, price, time between sales, loan type (conforming vs. non-conforming) and distressed sales. Broad national coverage is available from the national level down to ZIP Code, including non-disclosure states.

CoreLogic HPI Forecasts™ are based on a two-stage, error-correction econometric model that combines the equilibrium home price—as a function of real disposable income per capita—with short-run fluctuations caused by market momentum, mean-reversion, and exogenous economic shocks like changes in the unemployment rate. With a 30-year forecast horizon, CoreLogic HPI Forecasts project CoreLogic HPI levels for two tiers—“Single-Family Combined” (both attached and detached) and “Single-Family Combined Excluding Distressed Sales.” As a companion to the CoreLogic HPI Forecasts, Stress-Testing Scenarios align with Comprehensive Capital Analysis and Review (CCAR) national scenarios to project five years of home prices under baseline, adverse and severely adverse scenarios at state, Core Based Statistical Area (CBSA) and ZIP Code levels. The forecast accuracy represents a 95-percent statistical confidence interval with a +/- 2.0 percent margin of error for the index.

Source: CoreLogic
The data provided are for use only by the primary recipient or the primary recipient’s publication or broadcast. This data may not be resold, republished or licensed to any other source, including publications and sources owned by the primary recipient’s parent company without prior written permission from CoreLogic. Any CoreLogic data used for publication or broadcast, in whole or in part, must be sourced as coming from CoreLogic, a data and analytics company. For use with broadcast or web content, the citation must directly accompany first reference of the data. If the data are illustrated with maps, charts, graphs or other visual elements, the CoreLogic logo must be included on screen or website. For questions, analysis or interpretation of the data, contact Lori Guyton at lguyton@cvic.com or Bill Campbell at bill@campbelllewis.com. Data provided may not be modified without the prior written permission of CoreLogic. Do not use the data in any unlawful manner. The data are compiled from public records, contributory databases and proprietary analytics, and its accuracy is dependent upon these sources.

About CoreLogic
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CORELOGIC, the CoreLogic logo, CoreLogic HPI, CoreLogic HPI Forecast and HPI are trademarks of CoreLogic, Inc. and/or its subsidiaries.

Contacts

CoreLogic
For real estate industry and trade media:
Bill Campbell
(212) 995-8057
bill@campbelllewis.com

or

For general news media:
Lori Guyton
(901) 277-6066
lguyton@cvic.com