Month: August 2023

Apache is functioning normally

Find the perfect pup for your apartment.

Dogs are more than companions. In small apartments they quickly become life’s little amplifiers, turning everyday moments into adventures and quiet evenings into the emotional recharge session you desperately needed. For renters, these breeds not only fit the physical space but also fill the hearts of their owners with companionship and charm.

If you’re searching for the perfect pup for your space, the best small dog breeds emerge not just as pets, but as partners. They weave tales of companionship in compact spaces and harmonize with the rhythm of metropolitan existence. Below you’ll find ten of the best small dog breeds for apartment life as well as some pros and cons of dog ownership. Today’s the day to find your four-legged roommate.

What makes a good apartment dog?

In a space bustling with energy, unexpected noises, and the ebb and flow of various moods, a dog’s character becomes paramount. The best small dog breeds for apartment life are those with inherent grace and adaptability. The likes of the Havanese or the cavalier King Charles spaniel, known for their mellow demeanor and innate charm, emerge as top-tier candidates.

The pragmatics of the breed, too, warrant contemplation. Urban living is not just a sensory experience, but also a logistical puzzle. Grooming needs cannot be overlooked. Consider the dainty elegance of the Pomeranian’s radiant coat or the silky finesse of the Yorkshire terrier. Beautiful, yes, but they come with the responsibility of upkeep.

Noise is a currency in the city, and its value fluctuates dramatically. Continuous barking can sour relationships faster than a brewing storm, and so breeds with quieter dispositions, like the gentle French bulldog or the composed Boston terrier, become priceless assets.

Choosing among the best small dog breeds isn’t just a task; it’s a journey through perky ears, curled tails and undeniably adorable furry faces. Just as every brick and tile in the city adds to its grand narrative, the perfect canine companion becomes an essential chapter in the dynamic story of urban life.

Navigating breed restrictions

In the winding alleys of apartment complex regulations, where every nook and clause tells a story, there lies the issue of breed restrictions. It’s common practice for apartment complexes to set weight limits, often stringent enough to sideline even some small dog breeds. It’s a careful dance of ounces and inches, with breeds just on the cusp — like a sturdy French bulldog or a hearty cocker spaniel — sometimes finding themselves in a liminal space, too hefty for some guidelines, yet small in the grand canine spectrum.

This choreography of policies can be difficult to navigate and is often best handled by giving the apartment complex a call and asking the experts about the status of your specific pup.

The pros and cons of having a dog in an apartment

Navigating the world of apartment living with a canine companion brings its own unique blend of joys and challenges. Let’s delve into some of the distinct advantages and disadvantages of sharing your compact space with a small dog.

Pros:

  1. Companionship: Apartments can sometimes feel isolated or confining, especially for those who live alone. A dog provides companionship, love and a reason to come home, making the space feel more lively and warm.
  2. Routine and structure: Dogs require a consistent routine for feeding, walking and play. This can bring structure to an owner’s day, promoting a healthier lifestyle and ensuring regular breaks from work or leisure activities.
  3. Security: Even small dogs can provide an added sense of security in an apartment setting. While they might not be highly prized guard dogs, their heightened senses can detect unfamiliar sounds or changes in the environment and their barking can deter potential intruders.

Cons:

  1. Limited space: Apartments, especially smaller ones, may not provide ample space for highly active dogs to move around and play. This can lead to potential behavioral issues if the dog doesn’t receive enough exercise or mental stimulation.
  2. Noise sensitivity: In tight living quarters, dogs might become more aware of noises from neighbors, leading to increased barking or anxiety. Similarly, neighbors might be more affected by the sounds of a dog, which can lead to tensions.
  3. Convenience: Unlike homes with backyards where dogs can easily be let out, apartment dwellers usually need to take their dogs out on a leash for bathroom breaks, regardless of the weather or time of day. This can be particularly challenging in high-rise buildings or areas without immediate green spaces.

While there are definite joys to having a small dog in an apartment setting, potential challenges should be considered and addressed to ensure the owner and the pup have a harmonious living experience.

The best small dog breeds for apartment renters

From the undeniably elegant Italian greyhound to the predictably goofy pug, these are ten of the top small dog breeds for apartment renters, regardless of the city they live in or the floorplan they inhabit.

French bulldog

French bulldogs are well-suited for apartment living because of their small stature and moderate energy level. They are content with shorter walks and indoor play, making extensive outdoor spaces less crucial. Additionally, their generally quiet demeanor and sociable nature make them pleasant companions for close-quarter living.

Boston terrier

Boston terriers are excellent for apartment living due to their compact size and friendly disposition. Their moderate energy level is well-matched to indoor play and short walks, making expansive outdoor spaces unnecessary. Furthermore, their affable nature and typically low tendency to bark ensure they fit seamlessly into close-knit apartment communities.

Cavalier King Charles spaniel

Cavalier King Charles spaniels are a perfect match for apartment renters because of their small size and gentle temperament. They thrive on human companionship, content with cuddling and indoor play. While they enjoy walks, their exercise needs are moderate, making them adaptable to the limited outdoor space typical of many apartments. Plus, their affectionate and sociable nature ensures they integrate well in communal living environments.

Dachshund

Dachshunds, with their compact size and charismatic personalities, are well-suited for apartment life. They have moderate energy levels that can be satisfied with short walks and indoor play. Their elongated yet small frame fits comfortably in tighter spaces, and their social and curious nature allows them to adapt quickly to the bustling environment of even the liveliest apartment communities.

Havanese

Havanese dogs are a superb choice for apartment living because of their small stature and adaptable nature. They possess a friendly and affectionate demeanor, thriving on companionship and bonding closely with their families. Their exercise requirements are modest, and they are content with indoor play and short walks, making them ideal for spaces with limited outdoor access. Additionally, their quiet and sociable traits make them delightful neighbors in apartment settings.

Pug

Pugs are ideal for people in apartments due to their compact size and easygoing nature. They are generally content lounging indoors and don’t require much exercise, making them well-suited for limited spaces. Their sociable and affectionate temperament ensures they bond closely with their families and their typically quiet demeanor means they’re unlikely to disturb neighbors in close-knit apartment communities.

Yorkshire terrier

Yorkshire terriers, often affectionately known as ‘yorkies’, are excellent for apartment living because of their petite size and spirited yet manageable energy levels. Their small stature makes them ideal for limited spaces, and while they enjoy playtime, they don’t require extensive exercise. Additionally, yorkies are known for their loyal and affectionate nature, forming strong bonds with their owners very quickly.

Italian greyhound

Italian greyhounds are well-suited for apartment life due to their slender size and serene disposition. While they enjoy short bursts of speed and play, they are equally content lounging and snuggling indoors. Their low-maintenance coat and typically quiet nature make them easy companions in tighter living spaces. Beyond that, their gentle temperament allows them to blend harmoniously into the close-knit dynamics of apartment communities without tension.

Pomeranian

Pomeranians, with their compact size and buoyant personalities, are a fitting choice for renters. Their small stature makes them comfortable in limited spaces, and while they are energetic, their activity needs can often be met with indoor play and short walks. Additionally, their lively demeanor and affectionate nature bring warmth and vibrancy to any apartment, making them endearing companions in all urban settings.

Bichon frise

Bichon frise dogs excel in apartments due to their petite size and cheerful disposition. Their moderate energy levels can be easily managed with indoor play and brief outdoor walks. Their fluffy yet low-shedding coat is suitable for indoor environments, and their friendly and sociable nature ensures they integrate smoothly into apartment communities.

Find the right pup for your apartment

As curtains draw and lights dim in apartments everywhere, the presence of these pint-sized companions becomes profoundly felt. The best small dog breeds, with their endless affection and lively spirits, redefine apartment living.

They offer comfort in solitude, joy in small moments, and a steadfast friendship that turns every corner of an apartment into a realm of shared stories and cherished memories. In the embrace of these tiny wonders, one discovers the vast expanse of love and connection.

Already have the perfect pup but need the perfect place? Start your search with Rent. right here.

Source: rent.com

Apache is functioning normally

Monterey Bay Properties is joining Compass, a move that will allow the brokerage giant to expand its Northern California operations, the company announced Wednesday.

Founded in 1980, Santa Cruz-based Monterey Bay Properties includes around 40 agents. For Compass, the merger brings its total number of real estate professionals in the Lake Tahoe, Wine Country, East Bay, San Francisco, Silicon Valley and the Monterey Peninsula areas to more than 5,000.

“We are delighted to announce an exciting new chapter for Monterey Bay Properties,” John Hickey, a broker-associate at Monterey Bay Properties, said in a statement. The team brings “vast collective local real estate knowledge and the willingness to share it within a highly collaborative company culture,” he noted. 

Compass recorded a 26% annual drop in revenue to $1.5 billion and a net loss of $46.9 million during the second quarter of 2023. The firm, however, reported positive free cash flow of $51 million, a major milestone for the Robert Reffkin-helmed company. Compass is the No. 1 ranked brokerage in the country by sales volume, after reporting $227.977 billion in sales volume in 2022, according to the 2023 RealTrends 500 rankings.

Source: housingwire.com

Apache is functioning normally

Located among Pennsylvania’s rolling hills and picturesque landscapes are a collection of delightful small towns, each with its own unique character and treasures waiting to be discovered. These small towns in Pennsylvania offer more than just a place to call home; they provide a glimpse into the heart of the Keystone State’s culture and history. In this article, we’ll embark on a journey through Pennsylvania’s hidden gems, delving into the stories, attractions, and experiences that make these small towns truly exceptional.

1. Camp Hill, PA

Median sale price: $330,000 

Walk Score: 78

Camp Hill is a town where comfort and community seamlessly come together. Its tree-lined streets and charming neighborhoods create an inviting atmosphere for all. Local parks provide a space to gather and play, while independent boutiques and eateries contribute to the town’s vibrant downtown area.

Homes for sale in Camp Hill, PA

Apartments for rent in Camp Hill, PA

2. Wellsboro, PA

Median sale price: $167,450 

Walk Score: 69

Wellsboro’s charm is woven into its historic downtown and the natural beauty that surrounds it. The town is known for the iconic gas street lights that illuminate its streets making it a must-see area at night. Nearby, the stunning Pine Creek Gorge, also known as the “Grand Canyon of Pennsylvania,” offers breathtaking views and hiking trails. 

Homes for sale in Wellsboro, PA

Apartments for rent in Wellsboro, PA

3. Throop, PA

Median sale price: $261,500 

Walk Score: 29

This town’s serene environment is perfect for those seeking a slower pace of life, with local parks and green spaces providing opportunities for relaxation. Throop’s tight-knit community fosters a sense of togetherness, where neighbors become friends and shared experiences create lasting memories.

Homes for sale in Throop, PA

Apartments for rent in Throop, PA

4. Paxtonia, PA

Median sale price: $267,500 

Walk Score: 60

Paxtonia strikes a harmonious balance between modern amenities and suburban charm. The town’s quiet streets and welcoming neighborhoods offer a friendly setting, while nearby shopping centers and eateries provide convenience.

Homes for sale in Paxtonia, PA

Apartments for rent in Paxtonia, PA

5. Towanda, PA

Median sale price: $141,375 

Walk Score: 63

Towanda serves as a gateway to the scenic beauty of rural Pennsylvania, offering a picturesque setting that embraces the surrounding countryside. The town’s historic downtown is adorned with timeless architecture and local shops, while nearby rivers and forests provide opportunities for outdoor adventures such as fishing and hiking. 

Homes for sale in Towanda, PA

Apartments for rent in Towanda, PA

6. Paxtang, PA

Median sale price: $320,000 

Walk Score: 74

Paxtang’s historic charm is complemented by its modern conveniences, creating a perfect blend of old and new. One unique feature is the Paxtang Cemetery, established in 1774, which reflects the town’s historical significance. The annual Paxtang Art Association’s Summer Arts and Crafts Festival draws locals and visitors to enjoy creative works and celebrate artistic expression. Interesting fact: Paxtang was once part of William Penn’s original land grant and played a role in the American Revolution,

Homes for sale in Paxtang, PA

Apartments for rent in Paxtang, PA

7. Old Forge, PA

Median sale price: $189,550 

Walk Score: 79

This small town in Pennsylvania is known as the “Pizza Capital of the World,” a title that speaks to the town’s strong culinary traditions. The town’s annual “Old Forge Pizza Crawl” is an exciting event where people can sample different styles of this iconic dish from various restaurants. Beyond its delicious offerings, Old Forge boasts pleasant streets lined with local businesses and family-owned shops. 

Homes for sale in Old Forge, PA

Apartments for rent in Old Forge, PA

8. Lawnton, PA

Median sale price: $315,101 

Walk Score: 51

Lawnton offers the best of both worlds: the tranquility of a small town and the convenience of nearby urban amenities. The town’s parks and green spaces provide opportunities for relaxation and outdoor activities, while its location near the state capital offers access to cultural attractions and entertainment options.

Homes for sale in Lawnton, PA

Apartments for rent in Lawnton, PA

9. Enola, PA

Median sale price: $255,000 

Walk Score: 45

Enola’s closeness to the Susquehanna River offers a backdrop of natural beauty and recreational opportunities like boating, fishing, and hiking. The town’s riverfront parks provide spaces for picnics, kayaking, and scenic walks. Enola’s local businesses and eateries contribute to its welcoming atmosphere, creating a sense of community that thrives along the riverbanks.

Homes for sale in Enola, PA

Apartments for rent in Enola, PA

Wrapping up small towns in Pennsylvania

These small towns in Pennsylvania provide more than just houses; they offer a way of life that celebrates the essence of Pennsylvania’s culture and values. In their warm embrace, residents find not just houses, but homes, and not just neighbors, but lifelong friends.

Source: redfin.com

Apache is functioning normally

In our latest real estate tech entrepreneur interview, we’re speaking with Lucas Haldeman from SmartRent.

Who are you and what do you do?

I’m Lucas Haldeman, and I Co-Founded and serve as the CEO of SmartRent, an enterprise home automation company powering the intelligence behind 80,000+ smart homes in multifamily residences across the country. I’ve spent over two decades developing web-based technologies in the real estate space, initially as employee no. 18 at AllApartments.com (the first site to publish a national database of apartment communities online), and post-exit was with Homestore.com (now Move, Inc.) through a successful IPO. Prior to founding SmartRent, I served as Chief Technology and Marketing Officer of Colony Starwood Homes (NYSE: SFR), developing a custom platform that helped the business acquire, renovate, lease and manage more than 40,000 single-family homes in 12 states.

What problem does your product/service solve?

Despite the growing demand for and proliferation of smart home devices, multifamily communities haven’t had a way to appeal to renters that want that smart device connectivity in their homes, but are unable to invest in or own their own products due to the provisional nature of renting a home. Multifamily owners needed a solution that combined an enterprise and consumer approach, but most IoT platforms and products are too complex to properly implement.

That’s why we are revolutionizing the way rental properties manage their assets and market to their residents. Our goal is to make it easy for multifamily communities to offer their residents luxuries like smart home tech that previously only applied to single-family homeowners. Residents enjoy the advantage of having smart devices in their rental home with full control over them, while property managers and owners have peace of mind in knowing their assets are protected and are notified of issues (like a leak) before they become a catastrophic, costly event.

Our platform has also solved a lot of problems property managers face today. Properties no longer have to worry about using or losing physical keys and instead have the ability to assign digital access codes for things like maintenance work orders, vendor access, prospective resident self-guided tours and more. Simply put, our platform saves time and money for property owners as well as creating a new revenue stream for them, and a heightened living experience for their residents.

We do all of this with a focus on security and privacy, so residents can enjoy an upleveled experience without worrying about compromising their privacy. We never sell customer data to third parties and property managers only have access to information that would impact their assets, like leaks or thermostat issues. Consumer behavior will always remain private so renters can enjoy the benefits of a full smart home ecosystem without worrying about their security or privacy.

What are you most excited about right now?

I’m most excited that we’re bringing the benefits of smart home technology to people who have been traditionally excluded from utilization – our clients run the gamut from luxury apartments to affordable housing, but all are rentals. And renters simply have not been able to fully experience a full smart home ecosystem until now. I’m eager for what this holds for the future, and how these multifamily properties can evolve to support how we live our lives today. Helping to bring the population of 43 million renters in the US into the next era of living — which includes full-fledged smart communities and amenities for seamless transactions in the on-demand economy (rideshare pickups, food and package delivery) — is exciting for us.

What’s next for you?

SmartRent had a big year of growth in 2019 — we announced our Series B followed shortly by an extension from the Amazon Alexa Fund, rolled out a self-guided tour solution and launched our Alloy Fusion Hub, which serves as the center of the smart home ecosystem. We also recently became the first smart home vendor to integrate with the four top property management systems. We’re excited to continue this momentum into the future, offering new and existing customers new technologies and conveniences to simplify residents’ lives, streamline property managers’ jobs and increase revenue for property owners. Top of mind for us are appliances with predictive maintenance, like leak sensors that can shut off a valve before a flood even begins and HVAC units that connect to utility monitoring services that help monitor meter levels, or sensors in connected common areas so residents can determine things like open parking spots or available gym equipment before arriving.

What’s a cause you’re passionate about and why?

In conjunction with my career in real estate I have always felt strongly about supporting organizations helping all people find suitable housing; more recently as I have watched (and hopefully been an advocate) as my partner has moved from breast cancer victim to breast cancer survivor I have become passionate about finding a cause and a cure.

Thanks to Lucas for sharing his story. If you’d like to connect, find him on LinkedIn here.

We’re constantly looking for great real estate tech entrepreneurs to feature. If that’s you, please read this post — then drop me a line (drew @ geekestatelabs dot com).

Source: geekestateblog.com

Apache is functioning normally

Whether you’re in the heart of Orlando, Florida, or the sprawling landscape of Oklahoma City, the dream of renovating or updating your property is nearly universal. And a project like building a detached garage combines practicality with creativity, providing space for your vehicles, storage, and hobbies. However, beginning this project requires careful planning and execution to ensure that your detached garage not only meets your needs but also adheres to local regulations and stands the test of time. 

In this Redfin article, we’ll take you through each step of the process and what to expect, from researching and planning to adding the finishing touches. Whether you’re aiming for a small workshop or a spacious multi-bay garage, this guide will serve as your roadmap to success.

1. Research and planning

Local building codes and zoning regulations: Research your local municipality’s building codes and zoning regulations. These guidelines will dictate aspects such as setback requirements (how far the garage must be from property lines), maximum height, size restrictions, and any necessary permits. For example, some areas might require a minimum distance of five feet from property lines.

Permits: Obtain the necessary permits before beginning construction. Common permits might include building permits, zoning permits, and possibly environmental permits if your area has specific regulations regarding construction on the land.

Design considerations: Think about the purpose of your garage. Will it simply be for parking vehicles, or will you need additional space for storage, a workshop, or other uses? Consider the number of bays, ceiling height, and any unique features you’d like to incorporate.

2. Design and budget

Layout and dimensions: Sketch out the layout of your garage, including the placement of doors, windows, and potential interior walls. Decide on the dimensions based on the space available and your needs. For example, a two-car garage typically measures around 20 feet by 20 feet, but you might need more space if you plan to include a workspace.

Roofing and siding choices: Choose roofing materials and siding options that complement your home’s design and suit your climate. Asphalt shingles, metal roofing, and cedar shakes are some common roofing choices, while options for siding include vinyl, wood, and fiber cement.

Cost estimates: Research the cost of construction materials, labor, permits, and other potential expenses. Obtain quotes from contractors for the work if you plan to hire professionals. Be prepared for unexpected costs that might arise during construction.

3. Site preparation

Choosing the location: Select a location on your property that is both practical and adheres to local regulations. Consider factors such as ease of access, distance from the main house, and terrain. For example, if your property has a slope, you might need to consider leveling the area before construction.

Clearing the area: Remove any vegetation, debris, or obstacles from the chosen construction site. This might involve clearing shrubs, trees, rocks, or other objects that could impede construction equipment or foundation work.

Excavation and grading: If your chosen site isn’t level, you’ll need to excavate and grade the area to create a flat and stable foundation. This might involve moving soil, adding fill dirt, and compacting the ground to ensure a solid base for construction.

Utilities and drainage: Check the location of underground utilities (water, gas, electrical lines) before digging. Ensure proper drainage by grading the area away from the garage site to prevent water accumulation around the structure.

4. Foundation and footings

Foundation Type: Choose the appropriate foundation type based on your garage’s design, local climate, and soil conditions. Common options include:

  • Slab-on-grade: A concrete slab poured directly on the ground surface. It’s cost-effective but lacks a crawl space or basement.
  • Crawl space: Elevating the garage slightly with a crawl space underneath for ventilation and access to utilities.
  • Full basement: Providing additional space and potential for utilities but is more complex and expensive.
  • Excavation and footings: Excavate the area according to the foundation type chosen. Pour concrete footings that will support the weight of the garage walls and distribute it evenly across the ground.
  • Concrete slab: If opting for a slab foundation, pour and finish the concrete to create a level surface. Ensure proper curing to prevent cracking.

5. Framing and structural work

Wall framing: Use the appropriate framing materials (wood or steel) to build the garage’s walls. Follow building codes and engineering specifications to ensure structural integrity. Place framing members at the correct intervals to provide stability and support.

Roof trusses or rafters: Depending on your design, install roof trusses or rafters to form the roof’s framework. These components should be accurately positioned and securely fastened.

Sheathing: Apply sheathing (plywood or OSB panels) to the exterior walls and roof to create a solid surface for siding and roofing materials. This also contributes to structural stability.

Bracing and reinforcements: Install diagonal bracing and reinforcements as needed to prevent sway or structural weaknesses. This is particularly important in areas prone to high winds or seismic activity.

6. Roofing and siding

Roofing material: Install the chosen roofing material, considering factors such as durability, aesthetics, and weather resistance. Common options include asphalt shingles, metal panels, clay tiles, or wooden shingles.

Weatherproofing: Ensure that the roofing material is properly installed, and all seams and edges are sealed to prevent leaks. Install appropriate underlayment, flashings, and ventilation to promote moisture control and prevent condensation buildup.

Siding installation: Apply the selected siding material to the exterior walls. Follow manufacturer instructions for installation and maintain proper clearances to avoid moisture-related issues. Different materials may require specific installation techniques, such as nailing patterns and overlapping.

Insulation: While not part of the traditional roofing and siding process, this is a good time to consider adding insulation to the walls and roof if it wasn’t addressed during framing. Proper insulation helps regulate temperature and improve energy efficiency.

By carefully executing these steps, you’ll create the foundational structure of your detached garage and establish the exterior shell. These steps are crucial for ensuring the stability, weather resistance, and overall functionality of your garage.

7. Electrical and plumbing

Electrical planning: Determine the garage’s electrical needs based on its intended use. Plan the placement of outlets, switches, and lighting fixtures. Decide if you’ll need dedicated circuits for power tools or other equipment.

Wiring installation: Install electrical wiring according to local electrical codes. This involves running wires through walls and ceilings, connecting them to outlets and switches, and ensuring proper grounding. Hiring a licensed electrician is recommended for safety and compliance.

Electrical fixtures: Install light fixtures, outlets, and switches as per your electrical plan. Consider energy-efficient lighting options for both interior and exterior spaces.

Plumbing (if applicable): If your garage requires plumbing for a sink, bathroom, or other utilities, this is the stage to install the necessary plumbing lines, fixtures, and drainage systems.

8. Doors and windows

Garage doors: Install the garage doors based on your design. Choose from single or double doors, sectional doors, or roll-up doors. Ensure proper installation and mechanisms for smooth operation.

Windows: Install windows to allow natural light into the garage. Choose window sizes and placements that enhance both aesthetics and functionality. Properly seal and weatherproof around windows to prevent leaks.

9. Interior finishing

Insulation (if not done earlier): If insulation wasn’t installed during framing, add it now. Proper insulation helps maintain a comfortable interior temperature and reduces noise transfer.

Drywall or paneling: Cover interior walls and ceilings with drywall or paneling, depending on your design preference. Proper installation and finishing techniques are crucial for a polished appearance.

Painting and finishing: Paint the interior surfaces to enhance the space’s aesthetics. Choose paint colors that complement the overall design and lighting of the garage.

Flooring: Choose and install the appropriate flooring material for your garage. Options include concrete, epoxy coatings, rubber mats, or even tiles. Consider durability and maintenance when making your choice.

10. Final inspections and touch-ups

Inspections: Schedule final inspections with local authorities to ensure that your garage complies with building codes and regulations. This may include structural, electrical, plumbing, and fire safety inspections.

Addressing inspection feedback: If inspectors identify any issues during the final inspection, address them promptly to ensure compliance. This might involve making corrections, adjustments, or improvements.

Landscaping and exterior: Complete any exterior work, such as landscaping, driveway installation, and exterior lighting. This enhances the overall look of your property and provides a welcoming environment.

Final touch-ups: Take care of any remaining cosmetic touch-ups, such as paint touch-ups, caulking, and garage cleaning. This ensures that your detached garage is ready for use and visually appealing.

By following these final steps, you’ll complete the construction of your detached garage and transform it from a construction site into a functional and aesthetically pleasing addition to your property.

Source: redfin.com

Apache is functioning normally

Whether you see 2016 as a good or a bad year, there is no denying it was busy. We saw a new American president get elected, the Cubs win the World Series for the first time in 108 years, and the United States reopening relations with Cuba, just to name a few things.

Another area that pushed forward in 2016 was technology, specifically, smart home devices.

What is a smart home you ask?

It’s a home that uses integrated technology that allows users to control and monitor key areas of their home via an app on their phones (e.g. lights, thermostat, security system).

Here is a list of the best smart home products that came out in 2016:

1. Chromecast Ultra 

Many people may have heard of Apple TV as the next stride in TV technology.

Well, Chromecast Ultra is Google’s own, and arguably better, version of such technology.

For those who aren’t familiar with the smart TV movement, Chromecast Ultra is a small plugin to your TV that allows you to surf the web and access your favorite TV show apps form your television. It is equipped with 4k HD and HDR picture, which means your shows will be extremely clear.

On top of that, Chromecast Ultra has the speed and reliability of any other Google product. Not to mention, besides the cord to go into the TV, this product is completely wireless! This is definitely a must- have to turn your TV into your own personal oversized computer screen.

2. Amazon Echo Dot

The Echo dot is the second generation of Amazon’s Alexa. It’s a   hands-free voice controlled device you can use to play music, get the news, and set reminders, just a few of her capabilities.

Much smaller than the Alexa, the Echo Dot is no more than a few inches wide and 2 inches high, making it easy to find a place to set her up.

Having one myself, I can say with confidence that the capabilities of this small machine are endless, and you just might find yourself sitting for hours picking her brain.

3. Nest Learning Thermostat

I bet you never thought that technology would improve your thermostat.

Well, it has.

The Nest thermostat, be controlled through your phone using an app, learns from you and your actions;it finds out what temperatures you like at what times, and programs it into itself.

Nest can alsohelp you save energy, since you’re able to see all of your energy history, allowing you to know exactly how much you have used at any specific time.

On top of that, Nest shows a green leaf any time you choose a temperature that saves you energy.

If you’re looking for that new piece of technology that will pay for itself in a few months, the Nest learning thermostat is the choice for you.

4. BeON Home

BeON is the new way to keep you and your family safe from a robbery.

It‘s a light system that, just like the Nest thermometer, learns from your actions. When you go away, the lights have learned from your behavior, and still turn on and as if you were there. Also, they respond to someone ringing your doorbell when you’re away, turning lights on and off like you were moving around the house to scare off unwanted intruders.

Download the App, and you can control your lights when you’re away with the click of a button. If safety is your number one priority, the BeON is the product for you.

Bottom Line 

The technology world has now reached the home world, making your day-to-day lives easier by the minute. There is something new for everyone, no matter what your priorities. If you want a new friend, a smarter TV, thermostat, or lights system, the technology is out there waiting for you.

Carter Wessman

Carter Wessman is originally from the charming town of Norfolk, Massachusetts. When he isn’t busy writing about mortgage related topics, you can find him playing table tennis, or jamming on his bass guitar.

Source: totalmortgage.com

Apache is functioning normally

Ally Financial dove headfirst into generative artificial intelligence after ChatGPT made its splash at the end of 2022.

The Detroit bank formed a working group around generative AI in early 2023. It met with both Microsoft and Amazon in Seattle in February and hashed out a contract with Microsoft to use its enterprise-grade generative AI software in April. The team started building Ally.ai, a proprietary cloud-based platform that developers will use for AI-related projects, in June, and launched a pilot for its first use case at the end of that month. The pilot moved to production on July 31. 

“We do not want to stand still,” said Sathish Muthukrishnan, the chief information, data and digital officer at Ally Bank.

Ally.ai is a bridge between external large language models (Microsoft’s GPT 3.5 right now; perhaps other large language models in the future), generative AI technology, Ally’s internal applications and data, its data security protections and — for now — human intervention. Ally’s early work demonstrates how a $197 billion-asset bank is handling risks such as hallucinations and protecting customer information. It’s also showing promise, with high approval ratings from the contact center agents that are part of Ally’s first use case.

Ian Watson, head of risk at Celent, finds banks are generally doing three things right now relating to generative AI.

One is cleaning up their data foundations and pulling bank data out of its siloes. Another is choosing which large language models they want to use, from the big names such as Microsoft and Google to smaller open-source models that Watson says have much of the functionality of the big ones but can be trained on less data. The third is experimenting with use cases.

“That is the part that most captures the imagination and paints a picture of what is possible,” he said. “It’s where a lot of people are focused in terms of getting funding for this or to show they are on the cutting edge. But the bulk of the investment is going into data foundations.”

Ally’s first use case focuses on the contact center. Normally, contact center agents take notes when speaking with a customer and summarize the contents of the call when it’s over. This is necessary for regulatory reasons, as well as ensuring good customer service. Ally piloted a system in June and July where AI technology transcribes the conversation in real time to the Ally.ai platform and creates a summary of the call. One goal is to relieve the agents of multitasking and let them be more present in the conversation.

“This has the potential to unleash productivity for us,” said Muthukrishnan.

For now, agents will manually review these summaries to ensure everything is accurate. The system is showing promise so far: When the pilot began in late June, the rate of agents approving their summaries with no changes was in the low teens. By the time the pilot wrapped up at the end of July, the approval rate was 78%. Now, it’s fully deployed to more than 700 agents.

Human intervention is still important as Ally refines its models. It’s also one of three principles that Ally adopted before using generative AI. The others are to learn and test on internal customers (employees) before deploying to external customers, and to keep personally identifiable information strictly within Ally firewalls.

These precautions are vital.

Celent groups the risks surrounding generative AI into two buckets. One is adverse outcomes, such as bias, hallucination and false output. The other is external threats, such as regulatory violations and cybersecurity.

“There is a real danger of the models developing complete falsehoods,” said Watson.

The team at Ally observed hallucinations when calls took less than one minute or the line was fuzzy, and had to refine prompts to prevent this from recurring. Other security measures include a secure pipeline between the bank and Microsoft and a dedicated GPT 3.5 model. Ally does not let PII leave its firewalls or let the foundational models learn from Ally data. Ally’s model will “forget” personal data after a session with a customer associate is over. The team conducts tests and evaluations to guard for model “drift” and bias creeping in.

Despite the risks of generative AI, “The most obvious risk is actually not using it,” said Watson. “We think it’s going to change business models and the competitive playing field,” from reducing drudge work and employee turnover to customizing marketing materials.

Ally is evaluating other potential use cases, such as writing user stories for software features and answering basic questions about human resources benefits.

Further down the road, it could develop use cases for customers.

“This will give us the ability to truly understand customer needs and wants, and to personalize experiences that fit their financial needs at the right time,” said Muthukrishnan.

The debut of Ally.ai dovetails with its transition to the cloud. More than two-thirds of Ally applications are now cloud-enabled.

“AI by itself requires a massive amount of compute,” or processing power, memory and storage, said Muthukrishnan. “If you want horizontal scaling and infrastructure on demand, you want your applications running on the cloud.”

Source: nationalmortgagenews.com

Apache is functioning normally

Like the crowd that cheers when their team scores late in a game that they have no hope of winning, it’s hard not to feel some sense of relief or optimism when 10yr yields start the day 5bps lower.  But if we were to close at these levels, it would still be the 3rd worst day of 2023.  Of course every big recovery has to start somewhere, but there’s no way to confirm that today is such a “somewhere” without the benefit of hindsight.  Until then, it’s just that late game highlight while the opposing team chants “scoreboard.” 

There is no significant economic data on tap, and the typical “summertime Friday” is in order.  Specifically, lighter liquidity combined with the closing of weekly trading positions  can make for seemingly random momentum that carries yields farther than it otherwise would.  Long story short, we’re not reading much–if anything–into today’s heretofore rally.  The same would be true if gains turn to losses by the end of the day.

Source: mortgagenewsdaily.com

Apache is functioning normally

The average U.S. mortgage rate for a 30-year fixed loan fell to 2.8% this week, another record low, Freddie Mac said in a report on Thursday. The rate fell one basis points from the week prior and is now six basis points lower than the original all-time low set in mid-September.

The average fixed rate for a 15-year mortgage was 2.33%, falling from last week’s 2.35%.

After this week’s dip, there have now been 13 consecutive weeks when average mortgage rates have been below 3%, and rates have broken records 11 times this year.

“Mortgage rates remain very low, providing homeowners who have not already taken advantage of this environment ample opportunity to do so,” said Sam Khater, Freddie Mac’s chief economist. “Mortgage rates today are on average more than a full percentage point lower than rates over the last five years.”

In March, in an effort to buffer the economic blows from the shutdown, Federal Reserve Chairman Jerome Powell announced the Fed would start buying bonds to prevent a credit crunch and make borrowing cheaper. According to Fed data, the central bank has bought over $1 trillion in bonds backed by home loans since then.

While purchase loans are seeing record-low rates, the adverse market fee imposed on refinance loans by the FHFA in August make record lows for those loans unlikely.

During this week’s Mortgage Bankers Association annual event, the heads of Fannie Mae and Freddie Mac discussed the adverse market fee.

“As you know, safety and soundness is one, two, and three for us,” said Fannie Mae CEO Hugh Frater. “And for us to play our role in all markets, good and bad, markets small and large, we have to do it safely and soundly with long-term risk management in mind. And that’s the rationale for this change, as the GSEs are shouldering significant risks associated with the pandemic — as the principal risk taker, we have to price that risk appropriately.”

He added that while the housing market has demonstrated real resiliency, “many millions of borrowers are under stress, there’s still significant risk caused by economic uncertainty both in the near term and the longer term. And we’re required by law and regulation to be compensated for these risks and these costs.”

Freddie Mac CEO David Brickman struck a similar tone, saying that the GSEs have provided “extraordinary support” to the market.

“Costs have changed, risks have changed. What we put in place is an appropriate and prudent response to that change in the external environment for us to support struggling homeowners.”

They both noted that with interest rates still low, borrowers will realize savings, even with the 50 basis point refinance fee factored in. “But obviously, anybody who’s refinancing their mortgage at a lower rate is already beginning to save in terms of their mortgage payments, this only means they save just a little bit less than they would have otherwise,” said Brickman.

Source: housingwire.com

Apache is functioning normally

Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research may determine where and how companies appear. Learn more about how we make money.

For months, experts have been sounding the alarm about how Americans who took out mortgages when rates were low are reluctant to sell and borrow now that they’ve skyrocketed.

New research, however, has found there is a magic number that makes homeowners more motivated to move.

A June survey of 1,815 homeowners from real estate listing site Zillow found that homeowners with mortgage rates 5% or higher were significantly more likely than those with lower rates to say they plan to sell. As home listings tick down amid today’s elevated rates, the findings suggest that supply could increase again in the coming years.

What the data says

Homeowners with mortgage rates 5% and up were twice as likely to say they plan to sell their homes in the next three years than those with rates under 5%. Among homeowners who said they have plans to sell, almost half paying mortgage rates above 5% said they already have their house listed for sale. (Only 20% of homeowners paying rates below 5% said the same.)

For perspective, about 80% of mortgage borrowers said their current rate is below 5%, and 90% have a rate under 6%. Nearly a third said their rate was less than 3%.

Of homeowners with higher mortgage rates who said they were thinking about selling, 65% said rates were an influencing factor. About 35% of lower-rate homeowners said the same.

Keep in mind, though, that factors other than mortgage rates can play a role in a homeowner’s choice. The survey found that fewer than half (42%) of all homeowners thinking about selling said that mortgage rate fluctuations were a reason they decided to move.

What it means

Mortgage rates are hovering around 7% at the moment, and most homeowners would have to take out new mortgages at a higher rate if they were to move. According to Zillow, the ordinary monthly mortgage payment is now twice what it was in 2020, when rates were at historic lows.

Homeowners who took out mortgages when rates were lower could pay hundreds more a month if they take out a new mortgage right now. It’s no surprise that, as a result, homeowners are reluctant to move and locked into their current rates.

Mortgage rate locks push home prices up and listings down, creating a challenging market for buyers. Zillow’s June housing market report found that there were 28% fewer new for-sale listings compared to the same time last year.

Home values have climbed in all the 50 largest metropolitan areas, bringing the typical U.S. home price to more than $350,000. Another recent report from real estate listing site Redfin found that homebuyers have lost $60,000 in purchasing power in the last year. Mortgage rates are so high that “many homeowners will move only for major life events, like a new baby or retirement,” Orphe Divounguy, a senior economist at Zillow Home Loans, said in a news release.

Despite the difficult circumstances, Zillow says its analysis offers hope that more homes could hit the market in the next few years as homeowners accept higher rates as the new norm. About 23% of homeowners surveyed said they were thinking about selling in the next three years or already have their home listed. Among homeowners with a mortgage rate above 5%, 38% said they would consider selling their home in the next three years.

Ads by Money. We may be compensated if you click this ad.Ad

Getting creative

Additional research from Zillow Home Loans also found that buyers are finding creative ways to cope with high mortgage rates.

A separate survey released in April found that 45% of all buyers are purchasing mortgage points — which allow buyers to pay a fee to buy down the interest rate on a loan — to lower their interest rate. They’re also opting for smaller, cheaper homes and keeping an open mind when it comes to their wish lists.

More from Money:

Foreclosures Are on the Rise in These 10 U.S. Cities

Housing Market Forecast: Will Home Prices Drop in 2023?

Property Values Might Fall Soon — Here’s What Homeowners Can Do to Prepare

Source: money.com