a new chapter
Issue 66 - January 7th, 2021
2021 was an incredible year at our company, and we have some exciting news to share today from our corner! Starting today, we are retiring the “Archetape” brand name for our brokerage firm, and we have rebranded under Pinnacle Realty Advisors throughout Texas and Louisiana.
We are now OVER 370 AGENTS strong company-wide between our Pinnacle Realty Advisors brokerage brand and our white-label “build your own brokerage” product called Broker Breakup.
Our entire company is fully remote with team members on our staff side in San Francisco, Austin, Dallas, and Shreveport. We have real estate agents in cities all over Texas, and we are rapidly expanding into new markets in Louisiana in addition to our core base of agents in Shreveport. We are planning to launch new states in 2022 as well, so please stay tuned.
Resources to learn more about us:
What is Pinnacle Realty Advisors?
A full-service, agent-forward, 100% commission brokerage. Our entire company runs in the cloud empowering us to invest all of our resources and energy back into our agents instead of wasting money on useless agent office space and overhead.
Learn more: Pinnacle Realty Advisors
What is Broker Breakup?
Broker Breakup is a white label "build your own brokerage" product that empowers any residential or commercial real estate agent to launch their own brokerage company in Texas.
We also provide data services to PropTech companies who need MLS data.
Learn more: Broker Breakup
Newsworthy Links To Share
CBRE Investment to Buy $4.9 Billion in Warehouses in U.S. and Europe. The properties were built or are being developed by Ross Perot Jr.’s Hillwood Investment Properties, a real-estate business founded by the son of businessman and presidential candidate Ross Perot Sr. The portfolio includes more than 28 million square feet of warehouses, distribution centers and other logistics facilities in the U.S., U.K., Germany and Poland. (WSJ)
Home Values in Already Hot U.S. Market to Surge 14% This Year, Zillow Says: Tampa and Jacksonville in Florida and Raleigh in North Carolina are projected to be most in-demand. (Bloomberg)
Manhattan Luxury Home Sales Skyrocketed in 2021- More than 1,900 contracts for properties costing a total of about $16 billion were signed last year, the highest number and volume by a significant margin since Olshan Realty Inc. started tracking luxury sales in 2006.
Lumber costs skyrocket, lifting new home prices by nearly $20K (Inman)
JLL Acquires PropTech Building Operations Company Hank: Virtual engineering platform uses machine learning and AI to manage HVAC and other building operations (Commercial Observer)
This DAO says it raised $10.4 million in 48 hours selling NFTs. Next, it’s planning to buy a golf course (CNBC)
Two out of 10 homes flipped by the biggest iBuyers—Zillow, Opendoor and Offerpad Solutions—wound up sold to landlords backed by big investors, analysis of 100,000 property records shows. (Bloomberg)
Investors scooped up more than 18% of all U.S. home sales between July and September, according to Redfin, the highest share since at least 2000.
TAMPA,Florida in the spotlight: The housing market in 2022 is expected to remain hot overall, with many of the same trends that drove the market to new heights this year still firmly in place as we head into the New Year. But while all of the nation’s 50 largest markets are expected to grow healthily in 2022 and sellers nationwide should expect to remain in the driver’s seat, there can be only one Number One – and Zillow expects Tampa to top the list, with a host of relatively affordable and fast-growing Sun Belt markets following closely behind. (Zillow)