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Latest Stocks: The Kennedy Wilson Europe Real Estate PLC (KWE) Price Target Cut to GBX 1300 - Petro Global News 24

Wed, 2017-03-29 19:48

Latest Stocks: The Kennedy Wilson Europe Real Estate PLC (KWE) Price Target Cut to GBX 1300
Petro Global News 24
Kennedy Wilson Europe Real Estate PLC (LON:KWE) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from GBX 1,325 ($16.65) to GBX 1,300 ($16.34) in a note issued to investors on Wednesday. The firm presently has ...

Categories: Europe

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My first sale: 3 real estate professionals share what they learned

Wed, 2017-03-29 16:43

There's a first time for everything, including that guinea pig real estate transaction that every newbie in the field must contend with. Here, three professionals who have "been there, done that" dig into the lessons they carried after closing the book on the sale that started it all. ...

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Pending Home Sales Warm Up in February

Wed, 2017-03-29 15:00

Pending home sales warmed in February to their highest level in almost a year, rallying 5.5 percent in the National Association of REALTORS® (NAR) recently released Pending Home Sales Index (PHSI). The PHSI posted 112.3 in February, up from 106.4 in January—the second-highest reading since May 2006, at 112.5. The Index is based on contract signings.

According to Lawrence Yun, chief economist at NAR, the rebound is due to a combination of factors, including economic gains, rising rates and unseasonable temperatures.

“Buyers came back in force last month as a modest, seasonal uptick in listings were enough to fuel an increase in contract signings throughout the country,” says Yun. “The stock market’s continued rise and steady hiring in most markets is spurring significant interest in buying, as well as the expectation from some households that delaying their home search may mean paying higher interest rates later this year. Last month being the warmest February in decades also played a role in kickstarting prospective buyers’ house hunt.”

Activity thawed the most in the Midwest, where pending home sales sprung 11.4 percent to an Index reading of 110.8, as well as in the South, up 4.3 percent to 127.8. The Northeast saw a 3.4 percent increase in the Index to 102.1, while the West saw a 3.1 percent increase to 97.5.

The February scurry will give way to a spree in spring, with few days on market due to low supply, according to Yun.

“The homes most buyers are in the market for are unfortunately the most difficult to find and ultimately buy,” Yun says. “The country’s healthy labor market is translating to greater job security, but affordability is not improving because home prices in some areas are still outpacing incomes by three times or more because of tight supply. How much new and existing inventory there is on the market this spring will determine if sales can reach their full potential and finally start reversing the nation’s low homeownership rate.”

“Good options will remain scarce for many would-be buyers because there is still a major lack of affordable homes for sale, prices continue to rise and mortgage rates are heading up,” says Joseph Kirchner, senior economist at®. “The good news is that warm winter weather has led to a surge in construction that will hopefully result in a bloom of new homes for sale this spring.”

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Real estate agents would be well advised to learn Spanish

Wed, 2017-03-29 14:57

The number of Hispanic homeowner households swelled to 7.3 million in 2016 from 4.2 million in 2000, rising by 209,000 last year alone. Yet Hispanics are apparently underserved by real estate agents. This all presents a clear opportunity for real estate professionals, according to the report, which was produced in collaboration with the National Association of Hispanic Real Estate Professionals. ...

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Prepare for a Real Estate Rush This Spring

Wed, 2017-03-29 14:56

Homebuyers this spring will meet out-of-this-world prices and unsparing competition—a real estate rush.

According to Clear Capital’s recently released Home Data Index (HDI) Market Report, the national median days on market is 43 days, down from an 85-day stretch seen in January 2012. Days on market in Denver, Colo., Lincoln, Neb., and Raleigh, N.C., are coming in under two weeks, while days on market in Fresno, San Francisco and San Jose, Calif., and Portland, Ore., and Seattle, Wash., are finishing in under three weeks.

“Along with an increase in temperatures, the spring season also brings out the buyers and an increase in demand to the housing market, which most often translates to faster price growth and a decrease in marketing times,” says Alex Villacorta, vice president of Research and Analytics at Clear Capital. “But what’s great news for homeowners—particularly those looking to get out of negative equity or sell outright—is unfortunately bad news for prospective buyers. This springtime uptick in demand is likely to put buyers in a major time pinch in areas where marketing time is already lightning fast.”

Home price growth in the first quarter of 2017 was 0.9 percent, according to the report, with quarterly growth across regions between 0.8 percent and 1 percent. Prices grew 1.8 percent quarterly in San Antonio, Texas, making it the fastest growing metropolitan market, while quarterly prices in San Jose, Calif., remained at a standstill, posting no growth.

“This situation, coupled with the already precarious affordability situation for buyers, can lead to a self-fulfilling prophecy of sorts for the market as a whole, one where buyers rush to purchase homes at or above asking price in fear of waiting too long and losing out—pushing prices up and pulling marketing times even lower,” Villacorta says. “Buyers will need to remain vigilant this spring and constantly keep their eyes peeled for new supply entering the market, and, most importantly, be wary of rushing to purchase at sky-high prices.”

Source: Clear Capital

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NAR Video Spotlight: 2017 New Member Orientation

Wed, 2017-03-29 14:48

Editor’s Note: This is part of a monthly video series from the National Association of REALTORS® (NAR) to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s Daily e-News.

The National Association of REALTORS®’ (NAR) new 2017 Orientation Video includes an introduction by President Bill Brown and covers valuable information to help new members realize your full benefits of membership from your national association. The video and segments can also be streamed via YouTube.

To view the video at, click here.

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Working Together to Achieve Real Estate Success

Wed, 2017-03-29 14:45

In the following interview, Julie Jones-Bernard, broker/owner of Florida Luxurious Properties in Fort Lauderdale, Fla., discusses marketing listings.

Region Served: South Florida
Years in Real Estate: 17
Number of Offices: 1
Number of Agents: 25
Favorite Part of Your Job: Helping both U.S. and global customers achieve their real estate goals and smoothly integrate into the South Florida lifestyle

What is the most unique way you have marketed a new listing?
We’re focusing on VIP events that are meaningful and imaginative instead of just the usual cocktail approach. I believe people like to learn as well as socialize. One of our most successful events centered around the impact of rising sea levels on real estate in South Florida, where a panel of experts shared their knowledge and expertise. I also believe in paying it forward by extending support to local charities. Last October, we hosted a brunch for Breast Cancer Awareness [Month] at our office, and in February, we promoted heart-healthy living with Go Red for Women at our Love Your Healthy Heart Event, which was hosted at one of our exclusive listings in Bay Colony, a gated community. We’ve embraced technology, such as Matterport, videos and virtual staging, to highlight our listings and then share them on Facebook, making them accessible to a wider audience. As technology and social media continue to evolve, we’ll be expanding our digital marketing initiatives.

You use an integrated marketing strategy, including print and, specifically, Homes & Land. How does it benefit you?
It’s critical to have an integrated marketing strategy. It’s rare that any one single method will work in isolation, so I always try an approach at least three times to properly evaluate its effectiveness. Over the last 16 years, I’ve advertised in so many different print magazines. One of the best values is Homes & Land, not only because the page rate is so reasonable, but the real estate portals—which include The Wall Street Journal, The New York Times, Mansion Global, etc.—are truly effective. I appreciate the energy brought to the magazine. Every month the content is more luxurious, and its distribution continues to grow.

What demographic segments are driving your business today?
Florida Luxurious Properties is unusual in that our associates are fluent in numerous languages, including French, German, Italian, Spanish, Russian, Portuguese, Malay, Mandarin Chinese and Polish. Because we have a wide range of ages and backgrounds on our team, I encourage my team members to develop a marketing niche and build a specialization that’s exciting to them. While our market was previously driven by boomers, our younger associates are working hard to reach millennials and Gen Yers.

Where does your market stand in terms of the real estate recovery?
We’re still a relatively new brokerage. 2017 will be our third year in business. 2016 was a good year, but had its peaks and valleys. I believe 2017 will be much more consistent and that there’s pent-up demand for luxury real estate in the South Florida sunshine. I also feel that foreign investors will be more confident about making a purchase this year.

What is your top strategy for closing a transaction?
Never give up. Buyers and sellers will move forward if they’re fully educated and feel that the offer is fair. Also, never underestimate the importance of teamwork with the other broker, as you’ll get a much quicker and more effective result when working together. It’s always a matter of timing, but the art of the transaction is to ensure that both the buyer and seller believe the time is now.

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Gabrielle van Welie is RISMedia’s editorial intern. Email her your real estate news ideas at

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The post Working Together to Achieve Real Estate Success appeared first on RISMedia.

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Bookworms: Here’s Where to Move If You Like to Read

Wed, 2017-03-29 14:42

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at

It’s a truth universally acknowledged that bibliophiles are big on bookstores and libraries. If you identify with this group and feel your current city is failing you in the reading department, here are some pointers as to where you might want to flee.

If you don’t have enough places to buy books, then what kind of life are you even leading? According to Publishers Weekly, these are the states with the most bookstores per capita (which will surprise you):

  1. Montana
  2. Wyoming
  3. Vermont
  4. Alabama
  5. Tennessee
  6. Nebraska
  7. Arkansas
  8. Colorado
  9. Kansas
  10. Missouri
  11. Alaska
  12. Iowa
  13. Minnesota
  14. Washington, D.C.
  15. South Carolina
  16. Mississippi
  17. West Virginia
  18. Georgia
  19. Indiana
  20. North Carolina

While you would expect places like New York and Massachusetts to come up, they don’t because there’t just too many people for the amount of bookstores.

In addition, Amazon* ranks the top 20 well-read cities around the States every year. These were the chart-toppers for 2016:

  1. Seattle, Wash.
  2. Portland, Ore.
  3. Washington, D.C.
  4. San Francisco, Calif.
  5. Austin, Texas
  6. Las Vegas, Nev.
  7. Tucson, Ariz.
  8. Denver, Colo.
  9. Albuquerque, N.M.
  10. San Diego, Calif.
  11. Baltimore, Md.
  12. Charlotte, N.C.
  13. Louisville, Ky.
  14. San Jose, Calif.
  15. Houston, Texas
  16. Nashville, Tenn.
  17. Chicago, Ill.
  18. Indianapolis, Ind.
  19. Dallas, Texas
  20. San Antonio, Texas

*Do keep in mind that Amazon gets its numbers from the amount of Kindle and Amazon purchases, but they do also include magazines and newspapers in the lot.

And last, but not least, you may want to consider a move (or a visit) to the homes of the nation’s prettiest libraries:

New York, N.Y. – New York Public Library/Morgan Library & Museum

Boston, Mass. – Boston Public Library

Washington D.C. – Library of Congress

New Haven, Conn. – Yale’s Beinecke Rare Book and Manuscript Library/Sterling Library

Ridgefield, Conn. – Jay Walker’s Private Library

Salt Lake City, Utah – Salt Lake City Public Library

Baltimore, Md. – George Peabody Library

Exeter, N.H. – Phillips Exeter Academy Library

Being surrounded by other bibliophiles is like setting yourself up for positive peer pressure!

Gabrielle van Welie is RISMedia’s editorial intern. Email her your real estate news ideas at

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The post Bookworms: Here’s Where to Move If You Like to Read appeared first on RISMedia.

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Crazy Sh*t In Real Estate Episode 18: Ghostbusters

Wed, 2017-03-29 13:11

Ever since dealing with some ghost-hunting clients and selling a haunted house, Colin Cameron has been singing the Ghostbusters theme song big time ...

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European Equity Benchmarks Close Higher; UK Triggers Brexit - Nasdaq

Wed, 2017-03-29 12:20


European Equity Benchmarks Close Higher; UK Triggers Brexit
Construction materials supplier HeidelbergCement and automaker Daimler gained 1.2% and 1% each, while real estate company Vonovia, and health care company Fresenius SE, each closed 0.9% higher. And in Paris, oil and gas services firm TechnipFMC ...
JPMorgan Looks for Post-Brexit European Home (JPM)Investopedia

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Categories: Europe

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JPMorgan Looks for Post-Brexit European Home (JPM) - Investopedia

Wed, 2017-03-29 11:21


JPMorgan Looks for Post-Brexit European Home (JPM)
JPMorgan is looking at factors like frequency of flight delays and employment laws, and has even shopped for real estate in Dublin and Frankfurt. Staffers are already working on the paperwork to file for appropriate banking licenses, although a final ...

and more »

Categories: Europe

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NAR February pending home sales rebound 5.5% over January

Wed, 2017-03-29 11:02

Up, down, left and right -- pending home sales made big leaps in February across all major U.S. regions. The National Association of Realtors Pending Home Sales Index, based on contract signings, sprung forward to 112.3 in February, up 5.5 percent from January's ...

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Kennedy Wilson Europe Real Estate PLC - Receive News & Ratings Daily - BBNS

Wed, 2017-03-29 05:19

Fiscal Standard

Kennedy Wilson Europe Real Estate PLC - Receive News & Ratings Daily
Kennedy Wilson Europe Real Estate PLC logo Kennedy Wilson Europe Real Estate PLC (LON:KWE) had its target price decreased by analysts at JPMorgan Chase & Co. from GBX 1,325 ($16.65) to GBX 1,300 ($16.34) in a report released on Wednesday.
Shares Of Kennedy Wilson Europe Real Estate (LON:KWE) Rated As Overweight By Analysts At JP MorganFiscal Standard

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Categories: Europe

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Time is money — why not own yours?

Wed, 2017-03-29 05:00

"Time is money" -- Benjamin Franklin made this phrase popular long, long ago. The intention wasn't to create a buzz-worthy catch phrase but to highlight the opportunity costs of the decisions we make and the actions we take ...

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Copy Adwerx’s ‘Quick Adder’ on your emails to retarget real estate leads

Wed, 2017-03-29 04:50

Using retargeting technology and an uploaded database, an agent's network of contacts will see the agent's messages on an array of popular websites, such as Facebook,,, and also a host of apps and mobile-optimized websites ...

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It’s 1 a.m. — are you up? I’d like more information about your real estate listing

Wed, 2017-03-29 04:30

Real estate leads can come at anytime, and in today’s super-connected world it might be via email, an online internet inquiry, text message, Facebook messenger or any other number of ways people are communicating today ...

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The rise of the next-generation 100% commission brokerage

Wed, 2017-03-29 04:30

Those hoping that the next generation of 100-percent commission brokerages would just die a death may want to see a therapist about their denial. These thick-skinned companies are alive and well, and the tenacious breed of broker-owners who run them have gotten used to being called flat-fee scumbags ...

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Why explaining the appraisal process to clients early is crucial

Wed, 2017-03-29 04:00

After a seller and buyer reach a "meeting of the minds," meaning that they have agreed to a price, terms and conditions so that a sale can move forward, most purchase agreements provide each principal a number of opportunities to re-visit the agreement. ...

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How to move your entire real estate business into the cloud

Wed, 2017-03-29 03:30

If you’ve followed along through entries one, two, three and four, you've pretty well stopped generating paper. Your calendars, notes, lists and transaction docs are in the ether ...

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5 family-friendly client events perfect for summer

Wed, 2017-03-29 03:00

Ah, summer: time to go on vacation, get some sun, visit the beach or pool -- and build your real estate business. Particularly for families with kids, summer is the ideal time to sell a house. So it’s also the ideal time to host a family-friendly event that brings exposure to your brand ...

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