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Realogy recognized for outstanding health initiatives and ethics

2 hours 8 min ago

Realogy has received the CEO Cancer Gold Standard re-accreditation for the sixth consecutive year. ...

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Your first-time sellers might be surprised by $15K in hidden costs

3 hours 30 min ago

In its latest study, Zillow turned the spotlight onto sellers and found that homeowners spend, on average, $15,190 in extra or hidden costs to sell their home -- a reality that may blindside the 63 percent of today's sellers who are putting their home on the market for the first time ...

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$10M listing or bust: Breaking into luxury real estate without being rich

3 hours 58 min ago

Both in their early 30s, the Vichinsky brothers have tapped into the art of understanding and attracting luxury real estate consumers with a multifaceted approach -- a combination of creative marketing, savvy business and relationship-building -- that led the firm to $400 million in sales volume last year and the ability to ignore anything under that $10 million mark ...

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Apollo Commercial Real Estate Finance, Inc. (ARI) Stock Will Show Resistance At $19.04 - USA Commerce Daily

5 hours 24 min ago


USA Commerce Daily

Apollo Commercial Real Estate Finance, Inc. (ARI) Stock Will Show Resistance At $19.04
USA Commerce Daily
With all other things going on, Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) has been on a run — rising 5.04 percent in just three months. It looks like traders are happy with the stock. On the other side, analysts now consider Apollo ...

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Categories: USA

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Brexit: property investors should relocate to Europe - Citywire.co.uk

8 hours 37 min ago


Citywire.co.uk

Brexit: property investors should relocate to Europe
Citywire.co.uk
UK property investors worried about the impact of Brexit should look to Europe to diversify their portfolios, says Tony Smedley of Schroders. Smedley, manager of Schroder European Real Estate (SERE), says Europe's commercial property sector is ...

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Categories: Europe

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West USA Realty Promotes Debbie Sue Fruguglietti to Scottsdale Office Manager - MilTech

8 hours 58 min ago


West USA Realty Promotes Debbie Sue Fruguglietti to Scottsdale Office Manager
MilTech
As office manager, Debbie Sue will be responsible for recruitment, retention, and risk reduction for the Scottsdale Kierland office. Debbie Sue will provide guidance and support to agent's success in their real estate careers. West USA Realty's ...

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Categories: USA

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2 quick tips to make your client relationships even stronger

11 hours 58 min ago

Over the course of a real estate transaction, so many things fall outside of a real estate agent's control. But you can always focus on the client ...

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Why you should work with buyers, sellers and renters

13 hours 58 min ago

Consider the many advantages of representing buyers, sellers and renters. It can increase your referral network, give credence to your industry expertise and offer industry insights you might not otherwise know ...

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The problem with cold outbound prospecting in real estate

14 hours 28 min ago

In this video you’ll learn about the importance of putting time, effort, money and resources into the right leads so you can get “now business.” ...

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Crazy Sh*t In Real Estate Episode 34: Getting through the ugly side of real estate

14 hours 43 min ago

In this episode, Leigh welcomes Orlando, Florida, Realtor Veronica Figueroa. Unbelievable encounters with squatters, agents gone rogue and agents who can’t control their temper when the sale goes south ... yes, she's dealt with it all ...

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Daily market update: May 25, 2017

14 hours 44 min ago

Mortgage rates plus all the latest real estate market news ...

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TimesSquare Capital UK Regulatory Announcement: Form 8.3 ... - Business Wire (press release)

15 hours 58 min ago


TimesSquare Capital UK Regulatory Announcement: Form 8.3 ...
Business Wire (press release)
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES ...

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Categories: Europe

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Catholics see Trump-Pope meeting as harbinger of common ground - USA TODAY

Wed, 2017-05-24 22:04


USA TODAY

Catholics see Trump-Pope meeting as harbinger of common ground
USA TODAY
The thrice-married real estate tycoon has a penchant for gold-plated everything. The pope, meanwhile, embraces the poor and talks about building bridges, not walls. A Ford Focus escorted him Wednesday. Peter Gathje, a lifelong Catholic and an associate ...

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Categories: USA

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Hines is Europe's top office developer - Irish Independent

Wed, 2017-05-24 20:33


Hines is Europe's top office developer
Irish Independent
US real estate giant Hines, has been recognised as the leading office developer in Europe according to the European Real Estate Brand Institute. The Brand Equity Study surveys Europe's top 50 corporate brands in real estate development. In winning the ...

Categories: Europe

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With Gift and in Conversation, Vatican Presses Trump on Climate Change - New York Times

Wed, 2017-05-24 20:01


New York Times

With Gift and in Conversation, Vatican Presses Trump on Climate Change
New York Times
Mr. Bannon, a Catholic, has criticized Pope Francis as a socialist, a global elitist and a promoter of Muslim migration to Europe. He also favors ... Mr. Trump is the scion of a real estate developer and a thrice-married lover of the gilded. Francis ...

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Categories: Europe

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NAR politics, Instant Offers and a noisy week in real estate

Wed, 2017-05-24 16:59

NAR’s midyear meetings took place in Washington, D.C., last week. I was just finishing up a recap when two other big stories dropped. Credit unions are buying brokerages and bundling services -- and that other story you may have heard about: Zillow isn't a broker but its toes are deeper in the transaction ...

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Existing-Home Sales Sink 2.3 Percent

Wed, 2017-05-24 15:08

Existing-home sales sunk in April, dragged down by virtually absent supply, the National Association of REALTORS® (NAR) reports.

Existing-home sales totaled 5.57 million, a 2.3 percent decrease from March, but a 1.6 percent increase from one year prior. Inventory increased, however, by 7.2 percent to 1.93 million—though still 9 percent below one year prior.

“Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market,” says Lawrence Yun, chief economist at NAR. “Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers from finding a home to purchase.”

Inventory is currently at a 3.8-month supply. Existing homes averaged 29 days on market in April, five fewer days than in March and 10 fewer days than one year prior. Non-distressed homes took 28 days to sell. All told, 52 percent of homes sold in April were on the market for less than one month.

“REALTORS® continue to voice the frustration their clients are experiencing because of the insufficient number of homes for sale,” Yun says. “Homes in the lower- and mid-market price range are hard to find in most markets, and when one is listed for sale, interest is immediate and multiple offers are nudging the eventual sales prices higher.”

“On the supply side, new homes are predominantly being built for the mid- to upper-price range, but on the demand side, buyers are increasingly seeking low- to moderately-priced homes,” says Joseph Kirchner, senior economist at realtor.com®. “This mismatch makes landing an affordable home that much tougher, and is keeping many would-be buyers out of the market.”

“Existing-home sales posted substantial gains in the first quarter of 2017; however, we are concerned about the impact of low inventory on sales and prices as we move into the peak season for the housing market,” says Ruben Gonzalez, staff economist at Keller Williams. “If low inventory conditions persist into the summer months, sales could be constrained and the resultant increases in prices could exacerbate the effect of interest rate increases on affordability.”

The metropolitan areas with the fewest days on market in March, according to data from realtor.com, were San Jose-Sunnyvale-Santa Clara, Calif. (23 days); San Francisco-Oakland-Hayward, Calif. (25 days); Denver-Aurora-Lakewood, Colo. (27 days); and Seattle-Tacoma-Bellevue, Wash. (28 days).

The median existing-home price for all types of houses (single-family, condo, co-op and townhome), at the same time, was $244,800—a 6 percent increase from one year prior. The median price for a single-family existing home was $246,100, while the median price for an existing condo was $234,600.

Single-family existing-home sales came in at 4.95 million in April, a 2.4 percent decrease from 5.07 million in March and a 1.6 percent increase from 4.87 million one year prior. Existing condo and co-op sales came in at 620,000, a 1.6 percent decrease from March, but a 1.6 percent increase from one year prior.

Twenty-one percent of existing-home sales in April were all-cash, with 15 percent by individual investors. Five percent were distressed.

Existing-home sales in the Midwest rose 3.8 percent to 1.36 million, with a median price of $194,500. Existing-home sales in the Northeast fell 2.7 percent to 730,000, with a median price of $267,700. Existing-home sales in the West fell 3.3 percent to 1.18 million, with a median price of $258,600. Existing-home sales in the South fell 5 percent to 2.30 million, with a median price of $217,700.

First-time homebuyers comprised 34 percent of existing-home sales in April.

For more information, please visit www.nar.realtor.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Existing-Home Sales Sink 2.3 Percent appeared first on RISMedia.

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Trump Administration Proposes 2018 HUD Budget

Wed, 2017-05-24 15:04

The Trump Administration on Tuesday announced its 2018 proposed budget for the U.S. Department of Housing and Urban Development (HUD), scaling back funding to the agency approximately 13 percent to $40.68 billion.

The proposed budget preserves rental assistance for 4.5 million low-income households, but recommends reforms to the Housing Choice Voucher (HCV), Housing for the Elderly (Section 202) and Housing for Persons With Disabilities (Section 811) programs, and Project-Based Rental Assistance (PBRA) and the Public Housing Operating/Capital Fund. The budget suggests eliminating the statutory limit on the amount of public housing units that can participate in Rental Assistance Demonstration (RAD), as well as opening up RAD eligibility to senior housing developments participating in the Section 202 program.

The budget also aims to cease at the federal level the Community Development Block Grant (CDBG) program, as well as the Choice Neighborhood’s Initiative, HOME Investment Partnerships program and the Self-Help Opportunity program (SHOP), assigning oversight instead at the state and local levels; and $130 million allocated to address lead hazards.

The budget, in addition, allows for up to $400 billion in new loan guarantee authority, and reinforces the Federal Housing Administration’s (FHA) Home Equity Conversion Mortgage (HECM) program with a $30 million “administrative fee” to update the agency’s systems.

The budget’s proposed policies would “serve as a starting point as HUD works to modernize an outdated and complex support system,” according to a release on the announcement.

“This budget reflects this Administration’s commitment to fiscal responsibility while continuing HUD’s core support of our most vulnerable households,” said HUD Secretary Ben Carson in a statement. “We will work very closely with Congress to support the critical work of our agency as we vigorously pursue new approaches to help work-eligible households achieve self-sufficiency.”

The provisions of the proposed budget are in line with an outline released by the Administration in March.

View the proposed budget in the full. 

Source: U.S. Department of Housing and Urban Development (HUD)

For the latest real estate news and trends, bookmark RISMedia.com.

The post Trump Administration Proposes 2018 HUD Budget appeared first on RISMedia.

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CBO Greg Schwartz on Zillow Instant Offers: ‘We come in peace’

Wed, 2017-05-24 15:03

Some on social media are speculating that this product is anti-agent. That’s simply not true. Our bacon and eggs come from serving the industry: 70 percent of our revenue is from working with more than 80,000 agents, teams and brokers who advertise with Zillow Group ...

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Drilling Down Into the Charts for Apollo Commercial Real Estate Finance, Inc. (ARI) - The USA Commerce

Wed, 2017-05-24 11:58


Drilling Down Into the Charts for Apollo Commercial Real Estate Finance, Inc. (ARI)
The USA Commerce
We have gathered the technical data on Apollo Commercial Real Estate Finance, Inc. (ARI), and see some interesting trends in the stock's behavior of late. It is said that “everything is in the price” that all fundamental and sentiment information is ...

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Categories: USA

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