news aggregator

Colorado brokers ask for merger, but one MLS says ‘no’

Wed, 2017-07-26 17:52

A Colorado MLS has declined to participate in a merger effort, despite a request from large brokers in the state to do so. After "highly charged" merger talks, in late May the two largest MLSs in the state, REcolorado and Information and Real Estate Services (IRES), signed a letter of intent to merge, setting an "aggressive" deadline of November 1 for a signed commitment to merge ...

Read more

Busting inventory myths: Why aren’t there many homes on the market?

Wed, 2017-07-26 16:58

With eager homebuyers and their agents plagued by low inventory all over the county, Trulia chief economist Ralph McLaughlin decided to take a closer look at the popular explanations for the problem and bust some inventory myths ...

Read more

Renter Household Explosion Fueled From All Sides

Wed, 2017-07-26 14:43

More households in America are headed by renters now than at any other time in the last 50 years, with owner household formation toppled by renter household formation in the past 10, according to a recent analysis of Census Bureau data by the Pew Research Center. Owner households dialed back from 76.1 million in 2006 to 75 million in 2016, while renter households expanded from 34.6 million to 43.3 million.

Pew researchers attribute the recent growth in renter households to not only groups that conventionally rent, such as young adults, but also to groups that have historically owned, such as middle-aged adults. In fact, from 2006 to 2016, renter households headed by those aged 35 to 44 and 45 to 64 climbed 10 percent and 6 percent, respectively.

Other groups are bucking tradition, as well. Renter households headed by whites, who have typically owned, rose 4 percent from 2006 to 2016. Renter households headed by college graduates, similarly, went up 7 percent over the same period.

The shifts, coupled with ongoing growth from groups that have had a long-held propensity for renting (e.g., black households, households headed by those without a high school degree), are contributing massively to the boom. The renter household explosion, in effect, is being fueled from all sides.

An adverse trend, however, has begun to take root. Earlier this year, the rate at which owner households were formed surpassed the rate at which renter households were formed, according to a Trulia report on Census data, pointing to the potential for a change of course. Other recent studies have highlighted the immense and immediate need for rentals, especially at attainable prices—another pressure point that could turn the tide back toward ownership.

Renters, most importantly, continue to see homeownership on their horizon. Eighty percent of those recently surveyed by the National Association of REALTORS® (NAR) believe owning a home is essential to achieving the American Dream; 63 percent of those recently surveyed by Zillow plan to become homeowners in the future.

Source: Pew Research Center

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com.

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

The post Renter Household Explosion Fueled From All Sides appeared first on RISMedia.

Read more

New-Home Sales Improve Slightly in June

Wed, 2017-07-26 14:42

New-home sales improved in June, with sales of new, single-family homes eking up 0.8 percent to 610,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $379,500, while the median was $310,800. New-home listing inventory was 272,000—5.4 months supply.

“Although we saw modest gains this month, new-home sales have risen nearly 11 percent since the start of 2017,” said Granger MacDonald, chairman of the National Association of Home Builders (NAHB), in an NAHB Now update. “Our members remain optimistic as the single-family housing market continues to recover.”

“We saw new-home sales edge up a slight 0.8 percent in June solely because last month’s figure was revised downward, but this still reflects a recent increase in new construction resulting in new-home sales up 9.1 percent over the past year,” says Joseph Kirchner, senior economist for realtor.com®. “While that’s not enough to ease the shortage, there is some good news when it comes to new-home prices. Median sales prices dropped to $310,800 from $324,300 in May, though that’s still 3.4 percent above the same time last year. Builders have been focusing on more expensive homes, but the increase in low- to moderately-priced new-homes on the market will help millennials, first-time and moderate- to low-income homebuyers.”

“Both of June’s numbers aren’t statistically significant, so we should take them with a grain of salt,” wrote Ralph McLaughlin, chief economist at Trulia, in a Trulia Trends blog. “A less volatile number to look at is the 12-month rolling total, which is up 14.1 percent year-over-year. This represents the most since June 2008—a nine-year high.”

Source: U.S. Census Bureau

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

The post New-Home Sales Improve Slightly in June appeared first on RISMedia.

Read more

Study: Buying Is Still Better Than Renting in Most States

Wed, 2017-07-26 14:42

Affordability challenges are weighing on the housing market, as many homebuyers and sellers contend with either being unable to compete or to find a new home within reach.

Buying a home, however, is still better than renting one in most states—35, to be exact, according to a recent study by GOBankingRates.

Analysts for GOBankingRates factored in recent median monthly home price and rent data by state, as well as mortgage rates—gathered by Zillow—to determine levels of affordability. The study assumed a 20 percent down payment on a 30-year, fixed-rate mortgage, and took into account homeowners insurance costs and property taxes.

Buying is significantly more affordable than renting in Alaska, Illinois, Maryland, New Jersey and New York, the study shows, with New Jersey residents saving $566 a month by owning—the highest yield of all states.

In six states, the gap between buying and renting is so slim that neither is substantially more affordable than the other: Alabama, California, South Carolina, Virginia, Washington and Wyoming.

The 35 states where buying is more affordable than renting are (in alphabetical order): Alaska; Arkansas; Connecticut; Delaware; Florida; Georgia; Illinois; Indiana; Iowa; Kansas; Kentucky; Louisiana; Maine; Maryland; Massachusetts; Michigan; Minnesota; Mississippi; Missouri; Nebraska; New Hampshire; New Jersey; New Mexico; New York; North Dakota; Ohio; Oklahoma; Pennsylvania; Rhode Island; South Dakota; Tennessee; Texas; Vermont; West Virginia; and Wisconsin.

View owning and renting costs by state.

Source: GOBankingRates

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

The post Study: Buying Is Still Better Than Renting in Most States appeared first on RISMedia.

Read more

Redfin threatened with legal action by former CEO on eve of IPO

Wed, 2017-07-26 14:17

Redfin has been threatened with legal action by its former CEO as its IPO quickly approaches. The high-tech brokerage, which is expected to raise over $100 million when it goes public on Friday, received a letter on July 24 from David Eraker that "asserts a variety of claims" against Redfin director Paul Goodrich and Redfin investor Madrona Venture Group, Redfin disclosed in an updated SEC filing ...

Read more

Pennsylvania Real Estate Investment Trust (PEI) shares to see major resistance at $12.15 - USA Commerce Daily

Wed, 2017-07-26 13:58


Press Telegraph

Pennsylvania Real Estate Investment Trust (PEI) shares to see major resistance at $12.15
USA Commerce Daily
With all other things going on, Pennsylvania Real Estate Investment Trust (NYSE:PEI) has been on a free fall — declining -17.68 percent in just three months. It looks like traders are not happy with the stock. On the other side, analysts now consider ...
Alexandria Real Estate Equities, Inc. - ARE - Stock Price Today - ZacksZacks Investment Research

all 144 news articles »

Categories: USA

Read more

European shares rise as earnings roll in while PTSB tanks - Irish Times

Wed, 2017-07-26 13:56


Irish Times

European shares rise as earnings roll in while PTSB tanks
Irish Times
It ended up 0.6 per cent to €1.63. It was a mixed bag for other real estate stocks with Hibernia and Ires both off on the day. Airlines across Europe performed strongly with Ryanair bouncing back from a big sell-off earlier in the week to close up 1 ...

and more »

Categories: Europe

Read more

August Home, maker of smart locks, closes $25M in Series C funding

Wed, 2017-07-26 13:35

Smart lock provider August Home is gearing up to boost the reach of products that turn smartphones into "a command center for the front door." ...

Read more

Cambria couple have drive for European Model A tour - The San Luis Obispo Tribune

Wed, 2017-07-26 13:15


The San Luis Obispo Tribune

Cambria couple have drive for European Model A tour
The San Luis Obispo Tribune
Some new-car owners are leery of taking their vehicles out of the garage, let alone onto a street or freeway, on a drive-about or vacation, for fear of “that first ding” damage, theft or other automotive trauma. Flip that coin, and you'll find some car ...

Categories: Europe

Read more

Checking on the Technicals For Kennedy Wilson Europe Real Estate PLC (KWERF) - Hayden Business Journal

Wed, 2017-07-26 11:49


Checking on the Technicals For Kennedy Wilson Europe Real Estate PLC (KWERF)
Hayden Business Journal
Traders are taking a closer look at shares of Kennedy Wilson Europe Real Estate PLC (KWERF) of late. The 14-day RSI is presently at 75.81, the 7-day is at 85.42, and the 3-day is resting at 96.86. The Relative Strength Index (RSI) is one of various ...

and more »

Categories: Europe

Read more

The ugly way Trump and Putin are connected - Chicago Tribune

Wed, 2017-07-26 10:57


Chicago Tribune

The ugly way Trump and Putin are connected
Chicago Tribune
The GAO found that two banks "facilitated the transfer of approximately $1 billion from Eastern Europe, through U.S. banks, and back to Eastern Europe by corporations formed for Russian brokers"; more than $800 million in total was deposited in 136 ...

and more »

Categories: Europe

Read more

Once bankrupt, ex-Celtics star Antoine Walker now teaching dangers of NBA wealth - USA TODAY

Wed, 2017-07-26 08:15


USA TODAY

Once bankrupt, ex-Celtics star Antoine Walker now teaching dangers of NBA wealth
USA TODAY
"That process of me playing in the NBA created a very expensive lifestyle for myself," Walker told USA TODAY Sports in a phone interview last month. "I lived a very good lifestyle where I took care of not only myself, (but) my brothers and ... "In the ...

Categories: USA

Read more

Market Watch: SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (EURE.L) Share Update - The Times

Wed, 2017-07-26 06:10


Market Watch: SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (EURE.L) Share Update
The Times
SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (EURE.L) share levels are being closely watched as the equity has touched it's lower Bollinger Band, reaching 27.87 on a recent tick. The Bollinger Band theory is designed to depict the volatility of a ...

and more »

Categories: Europe

Read more

Schaff Cycle Trend on Watch For Kennedy Wilson Europe Real Estate PLC (KWE.L) - Financial Newsweek

Wed, 2017-07-26 05:49


Schaff Cycle Trend on Watch For Kennedy Wilson Europe Real Estate PLC (KWE.L)
Financial Newsweek
Kennedy Wilson Europe Real Estate PLC (KWE.L) shares have seen their Schaff Trend Cycle gradually uptrend this week over the past 3 sessions. While this indicates nice price momentum, it also suggests that if the reading moves into overbought territory ...

and more »

Categories: Europe

Read more

Why the largest Re/Max franchise launched a completely custom website

Wed, 2017-07-26 05:00

Re/Max Results in Minnesota launched a new website that includes an array of productivity tools for its 1,200 agents. ...

Read more

What real estate agents can learn from two tech disruptors

Wed, 2017-07-26 05:00

You’ve probably seen the meme and perhaps even shared it on social media: an earnest woman in a 1980s Glamour Shot with her frosted blue eyeshadow shining above her peach taffeta blouse ...

Read more

Romania's Dedeman to buy only three AFI Europe office buildings in Bucharest - SeeNews

Wed, 2017-07-26 04:40


SeeNews

Romania's Dedeman to buy only three AFI Europe office buildings in Bucharest
SeeNews
BUCHAREST (Romania), July 26 (SeeNews) - Real estate developer AFI Europe said that it has received a notice from DIY retailer Dedeman saying that it would buy three of its AFI Park five office buildings in the capital Bucharest. On June 1, Dedeman's ...

Categories: Europe

Read more

8 things homesellers risk when they sell without a real estate agent

Wed, 2017-07-26 04:30

Selling a home without a real estate agent is like handling your own legal matter. You may only know enough to be dangerous, and worse yet, you don’t know what you don’t know ...

Read more

5 ways to ensure your income-producing activities get done

Wed, 2017-07-26 04:00

Let's face it, there’s a lot to do -- especially in real estate. There are 180-plus activities that a real estate agent does on a consistent basis. However, there are only a few things that are actually revenue-generating activities ...

Read more

Syndicate content

Have Questions?

reCAPTCHA