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What’s happening behind the curtain of Zillow Instant Offers

Tue, 2017-05-23 16:59

Zillow’s announcement about its Instant Offers program was a big deal. I think it will be remembered as a moment in real estate history when the industry veered in a new direction, the catalyst for a shift in focus and new perspective around how people sell their homes, rather than something scary. During the week, some funny and interesting stuff (gossip, in some cases) happened behind the curtain. ...

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Refinance Your Auto Loan With the Credit Union Now, Pay Later

Tue, 2017-05-23 15:09

NAR PULSE—If you have a car loan with another lender, chances are you’re paying too much. Bring your auto loan to REALTORS® Federal Credit Union, a division of Northwest Federal Credit Union, and enjoy low loan rates, flexible terms, and make no payments for 90 days. Hurry, offer ends June 30! Learn more.

REALTOR® University: High-Level Learning for Top-Level Leadership
Whether you’re a recent graduate or have been working for 20 years, higher education can lead to new opportunities. A Master of Real Estate degree from REALTOR® University will give you the education that gives you a competitive advantage in your industry. The next session starts July 3. Inquire today.

Save on Products and Services You Already Use!
In just one year, over 800,000 REALTORS® saved a combined $59 million by taking advantage of at least one offering through NAR’s REALTOR Benefits® Program. Learn how you can save this year with industry leading companies including FCA US LLC (Fiat Chrysler Automobiles), Placester, FedEx, DocuSign and more. Start saving.

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Free Report: The Power of Real Estate IRA Investments

Tue, 2017-05-23 15:08

Entrust clients have a long track record—35 years—of investing in real estate using their tax-advantaged retirement savings accounts. Part of our mission is to educate investors, and our new real estate report is a prime example of that effort. The report’s detailed analysis of both purchases and sales data is a valuable tool for investors, financial and retirement advisors, and real estate professionals.

For example, we now know that real estate investment using self-directed accounts is catching on in new parts of the country. In 2016, Missouri made its first appearance among the top five states where Entrust clients bought property. On the sales side, Tennessee and New Mexico broke into the top five.

Single and multifamily properties continued to be the preferred type of property bought (78 percent) and sold (71 percent). Because rental revenue is often a goal of real estate investors, the report also contains insights into the national rental market, courtesy of Zillow.

You can use a Traditional or Roth self-directed IRA to invest in real estate, and most clients choose one of those two vehicles—although in 2016, we noticed a growing number of clients using Individual 401(k) accounts for their real estate investments.

You’ll find more useful information and interesting insights when you download your FREE copy of Entrust’s 2017 Real Estate Investor Market Research Report.

For more information, please visit www.theentrustgroup.com.

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The post Free Report: The Power of Real Estate IRA Investments appeared first on RISMedia.

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Learning From the Best

Tue, 2017-05-23 15:07

In the following interview, Daniel Cottingham, broker of Cottingham Chalk Hayes, REALTORS®, a member of Leading Real Estate Companies of the World® in Charlotte, N.C., discusses the firm’s culture, recruitment tactics and training techniques.

Region Served: Greater Charlotte, N.C.
Years in Real Estate: 13
Number of Offices: 1
Number of Agents: 100+
Best Tip for Dealing With Difficult Customers: Listen, empathize and advise.

You recently transitioned from the sales side of the business to a role in management. How would you describe the process?
Things have gone really well, and I think that’s because we spent a lot of time planning the transition. I focused on evaluating everything we do, making slight tweaks if necessary, and intentionally avoiding any sweeping changes. Some things seemed so obvious from the sales side, but when I switched hats, the issues were more complex. The biggest challenge came on the personal front. Being in the office all day is much different than being out in the field with buyers and sellers. I was used to the highs and lows of the sales side, and I’ve had to find other outlets to feed my competitiveness.

What are the two most important aspects of your company’s culture that will propel your team to the next level?
The Golden Rule is at the heart of everything we do. Our agents understand that we’re fully committed to doing the right thing and to helping them accomplish their goals. As a result, they share that commitment among each other and their clients. It’s servant leadership at its best, and it’s why prospective agents call us, and, ultimately, why buyers and sellers call our agents.

How do you go about recruiting, and in what ways does your company culture help you qualify the best prospects?
Everyone we interview initiates the conversation. We don’t reach out to agents at other firms or students in licensing classes, so when they come in to talk, they generally have an understanding of our brand and our culture. My goal is to be a resource to help them navigate the process and find the best fit.

What sets your training program apart, and how does it position agents for success right out of the gate?
Our training program is probably the best representation of our servant leadership culture because it’s taught almost exclusively by our top-producing agents. They volunteer their time to come talk about a variety of topics ranging from open houses and staging to negotiating and community involvement. As a new agent, it doesn’t get much better than learning from the best.

For more information, please visit www.leadingre.com.

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Rents Appreciating Faster in Suburbs as Demand Intensifies

Tue, 2017-05-23 15:06

Renters up against ballooning costs in sought-after cities have steadily spread outward for rent relief—but now, costs are climbing in areas outside of cities, too.

In fact, according to a recently released report by Zillow, rent appreciation is accelerating faster in suburban areas than urban ones, with the median rental cost in suburban areas up 2.5 percent year-over-year, while the median rental cost in urban areas is up 2.3 percent.

“Because walkable urban centers close to amenities are typically a big draw for renters, you’d expect rents to rise faster in the city than in the suburbs—which is exactly what we’ve been seeing until very recently,” says Dr. Svenja Gudell, chief economist at Zillow, “but a handful of factors are helping turn the tables and beginning to push suburban rents up at a higher clip. These include deteriorating rental affordability in expensive urban cores; new apartments, albeit high-end ones, opening downtown compared to relatively few in outlying areas; and preferences among some renters toward the space offered by single-family homes in the suburbs.”

The difference represents a shift from one year ago, when urban rental costs were up 5 percent year-over-year and suburban rental costs were up 3 percent. There are starker disparities in appreciation in in-demand urban areas and their suburban counterparts, including in Nashville, Tenn., and San Francisco, Calif.

“Rents themselves are still lower in the suburbs, but if demand keeps growing for suburban rentals and supply continues to lag, that will also start to change,” Gudell says. “As more formerly urban renters move to the suburbs in coming years, we’ll likely start seeing more apartment buildings and walkable amenities popping up in those communities.”

For more information, please visit www.zillow.com.

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

The post Rents Appreciating Faster in Suburbs as Demand Intensifies appeared first on RISMedia.

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Inman Announces the First 27 Sponsors for ICSF17

Tue, 2017-05-23 14:50

Tallahassee, Fla. (May 23, 2017) – Inman announced the first round of companies that will be sponsoring Inman Connect San Francisco, Aug. 7-11, ...

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Pennsylvania Real Estate Investment Trust (PEI): Getting Technical With The Stock - USA Commerce Daily

Tue, 2017-05-23 14:35


USA Commerce Daily

Pennsylvania Real Estate Investment Trust (PEI): Getting Technical With The Stock
USA Commerce Daily
With all other things going on, Pennsylvania Real Estate Investment Trust (NYSE:PEI) has been on a free fall — declining -37.74 percent in just three months. It looks like traders are not happy with the stock. On the other side, analysts now consider ...
Buy, Sell or Hold? Analysts Approach: Prologis, Inc. (PLD), Pennsylvania Real Estate Investment Trust (PEI)?The USA Commerce
Financial Newsletter - American Consumer News, LLCAmerican Consumer News, LLC

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Categories: USA

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One Valley entrepreneur's journey from auto repairs & tow trucks to real estate - Phoenix Business Journal

Tue, 2017-05-23 13:31


Phoenix Business Journal

One Valley entrepreneur's journey from auto repairs & tow trucks to real estate
Phoenix Business Journal
He now has his own real estate investing firm — Trinity Investments USA in Peoria. The West Valley businessman is part of a pretty consistent stream of investors in an Arizona market where real estate is an attractive lure of profits and growth but ...

Categories: USA

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Luxury millennial consumers will buy soon: Here’s what they want

Tue, 2017-05-23 12:13

Luxury millennial consumers want their homes to reflect their lifestyle and their growing appreciation for history and heritage ...

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Sears takes more actions to survive - USA TODAY

Tue, 2017-05-23 11:50


USA TODAY

Sears takes more actions to survive
USA TODAY
After announcing at the start of the year that it would shutter 150 under performing stores, it has recently added at least 30 more locations to the list. The retailer has also been selling off chunks of its extensive real estate holdings, borrowing ...

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Categories: USA

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Zillow is peddling seller leads, not becoming a broker

Tue, 2017-05-23 10:33

Zillow plays chess, not checkers. While the introduction of Zillow Instant Offers, on its own, looks menacing, there is more going on here ...

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NorthStar Realty Europe Corp. and China Resources Land Limited ... - PR Newswire (press release)

Tue, 2017-05-23 07:40


Commercial Property Executive

NorthStar Realty Europe Corp. and China Resources Land Limited ...
PR Newswire (press release)
NEW YORK, May 23, 2017 /PRNewswire/ -- NorthStar Realty Europe Corp. and China Resources Land Limited Partner to Acquire 20 Gresham Street, a Trophy ...
NorthStar Realty Europe Corp. (NRE) Moves Higher on Volume Spike for May 23Equities.com

all 6 news articles »

Categories: Europe

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NorthStar Realty Europe Corp. and China Resources Land Limited Partner to Acquire 20 Gresham Street, a Trophy ... - PR Newswire (press release)

Tue, 2017-05-23 07:40


Commercial Property Executive

NorthStar Realty Europe Corp. and China Resources Land Limited Partner to Acquire 20 Gresham Street, a Trophy ...
PR Newswire (press release)
"We are delighted to partner with China Resources Land, a leading and highly respected property developer in China with a strong track record of investing in and developing high-quality real estate, on its initial investment in Europe. NRE's expertise ...
NorthStar Realty Europe Corp. (NRE) Moves Higher on Volume Spike for May 23Equities.com

all 6 news articles »

Categories: Europe

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JLT Specialty USA Appoints Levitt as Executive Vice President in New York - Insurance Journal

Tue, 2017-05-23 05:00


JLT Specialty USA Appoints Levitt as Executive Vice President in New York
Insurance Journal
Based in New York, Levitt will join JLT's New York office and focus on servicing private equity firms, real estate owner/developers and other alternative investment groups across the U.S. His hire is a continuation of JLT's growth strategy and ...

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Categories: USA

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Spotting the Levels for Kennedy Wilson Europe Real Estate PLC (KWE.L) - Rives Journal

Tue, 2017-05-23 04:30


Spotting the Levels for Kennedy Wilson Europe Real Estate PLC (KWE.L)
Rives Journal
Keeping an eye on moving averages for Kennedy Wilson Europe Real Estate PLC (KWE.L), the 50-day is 993.67, the 200-day is at 980.74, and the 7-day is 1044.25. Moving averages have the ability to be used as a powerful indicator for technical stock ...

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Categories: Europe

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Where homeowners are living large and overleveraged

Tue, 2017-05-23 04:15

They used to call it house poor, but the symptoms are the same: You go through a monthly scramble to pay the mortgage, maintenance and repairs are put off as long as possible, and there's never enough money left over at the end of the month for the finer things in life ...

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Agent vs. brokerage: Which matters more to consumers?

Tue, 2017-05-23 04:00

What’s more important to clients: The real estate agent or the brokerage? ...

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How one former fashion stylist built a successful real estate business

Tue, 2017-05-23 02:30

As part of her 10 Questions podcast series, F.C. Tucker broker Angela Raab interviews Nina Klemm, a talented agent who made the switch from fashion to real estate when she moved from Boston to Indianapolis, Indiana ...

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How family governance can save your real estate business

Tue, 2017-05-23 02:15

Family governance can ensure your family knows what your real estate business is all about so they can make informed decisions based on a solid foundation of knowledge and skills. ...

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Accounting firm exits Edina for downtown Minneapolis - Minneapolis / St. Paul Business Journal

Tue, 2017-05-23 01:11


Accounting firm exits Edina for downtown Minneapolis
Minneapolis / St. Paul Business Journal
BDO USA will be moving onto the sixth floor of US Bancorp Center at 800 Nicollet Mall. Nancy Kuehn. The move downtown involved some tradeoffs: Real estate is pricier in the central business district, and employees lose company-owned parking spaces.

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Categories: USA

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