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Traders Keeping Kennedy Wilson Europe Real Estate PLC (KWE.L) on Close Watch As Shares Move - Stock Press Daily

Tue, 2017-07-25 08:33


Traders Keeping Kennedy Wilson Europe Real Estate PLC (KWE.L) on Close Watch As Shares Move
Stock Press Daily
Kennedy Wilson Europe Real Estate PLC (KWE.L) shares are moving today on volatility 0.52% or 6.00 from the open. The LSE listed company saw a recent bid of 1149.00 and 38889 shares have traded hands in the session. Many investors may strive to be in ...

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Categories: Europe

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Real Geeks acquired by Fidelity National Financial

Tue, 2017-07-25 07:00

Fidelity National Financial has agreed to acquire Real Geeks, a customer relationship management (CRM) and marketing system for real estate agents. The acquisition marks another step by Fidelity into real estate, coming after it purchased CINC (Commissions Inc.), a business platform for real estate teams, for a reported $250 million in 2016. ...

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How can brokerages save money and stay competitive?

Tue, 2017-07-25 05:00

Thad Wong, co-founder of @properties, says the biggest change happening for brokerages right now is a major movement toward reducing costs. The trick to doing that while still remaining competitive is to replace certain expenses with valuable, competitively priced technology ...

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Hitting the Pavement on Shares of Kennedy Wilson Europe Real Estate PLC (KWE.L) - Evergreen Caller

Tue, 2017-07-25 04:34


Hitting the Pavement on Shares of Kennedy Wilson Europe Real Estate PLC (KWE.L)
Evergreen Caller
Kennedy Wilson Europe Real Estate PLC (KWE.L) shares are being closely watched as the Rank Correlation Indicator has shown an upward 3 bar near-term trend, indicating that a reversal might be near. If the shares reach the +80 level, this would signify ...

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Categories: Europe

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How many Starbucks coffees would it take to cover a new home’s down payment?

Tue, 2017-07-25 04:00

Putting down 20 percent is not an easy task (and it isn't always necessary to put down that much!) But doing so requires cutting back in other areas of your life and focusing on saving every penny to reach your goal of homeownership ...

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European Stocks Rebound From Three-Day Decline as Banks Advance - Bloomberg

Tue, 2017-07-25 03:08


Bloomberg

European Stocks Rebound From Three-Day Decline as Banks Advance
Bloomberg
The Stoxx Europe 600 Index rose 0.3 percent at 8:32 a.m. in London. Informa Plc and Segro Plc lifted media and real estate shares respectively, after reporting positive results. The Stoxx 600 and Germany's DAX Index fell in recent sessions as ...

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Categories: Europe

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6 ways ‘reality’ renovation TV shows can be misleading

Tue, 2017-07-25 03:00

You’re probably familiar with this scene on the TV: A young couple purchases a fixer-upper and wants to change the layout, the outdated features and a few other undesirable features the home has to offer ...

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How to salvage missed lead gen opportunities with Facebook pixel

Tue, 2017-07-25 03:00

Has this ever happened to you? It’s a weeknight, and you’re sitting on the couch browsing through Amazon.com or your favorite online department store looking at clothes or the latest gizmo. During lunch the next day, you’re scrolling through Facebook, Instagram or your favorite online publication, and you see an advertisement for the exact same item you were looking at the night before ...

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The 14 Most Inappropriate Moments From Trump's Speech at the Boy Scout Jamboree - New York Magazine

Tue, 2017-07-25 02:46


New York Magazine

The 14 Most Inappropriate Moments From Trump's Speech at the Boy Scout Jamboree
New York Magazine
And I was doing well so I got invited to the party. I was very young, and I go in — but I'm in the real-estate business — and I see 100 people, some of whom I recognize and they're big in the entertainment business …” [Trump recognizes Levitt.] “So ...
Trump's Boy Scouts Speech Is a Reminder of How Different the Girls Scouts Organization IsSlate Magazine (blog)

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Categories: USA

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Crazy Sh*t In Real Estate: Blood, sweat and maybe a few tears

Tue, 2017-07-25 02:15

Sometimes, being a real estate agent means sticking it out for clients in the most dire situations. For one agent, sticking it out meant showing three houses even though he had a puddle of blood pooling in his shoe ...

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Share Spotlight on Kennedy Wilson Europe Real Estate PLC (KWE.L): Technicals in Focus - Geneva Journal

Tue, 2017-07-25 02:08


Share Spotlight on Kennedy Wilson Europe Real Estate PLC (KWE.L): Technicals in Focus
Geneva Journal
Kennedy Wilson Europe Real Estate PLC (KWE.L) shares are on chartist's watch as the stock is edging above the MACD Histogram zero line. Current levels place the share price around 1141.13, while the MACD indicates a bullish trend.

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Categories: Europe

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USA Real Estate Holding Co (USTC): What Are the Charts Indicating? - Geneva Journal

Mon, 2017-07-24 22:07


USA Real Estate Holding Co (USTC): What Are the Charts Indicating?
Geneva Journal
The Money Flow Index of USA Real Estate Holding Co (USTC) this week has place the shares on the radar as it nears the key 70 or 80 level. At the time of writing the MFI is holding above 60 and trending higher for the name. The Money Flow Index creates ...

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Categories: USA

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Is Kennedy Wilson Europe Real Estate PLC (KWE.L) Headed For a Near-Term Reversal? - Evergreen Caller

Mon, 2017-07-24 19:54


Is Kennedy Wilson Europe Real Estate PLC (KWE.L) Headed For a Near-Term Reversal?
Evergreen Caller
Kennedy Wilson Europe Real Estate PLC (KWE.L) shares have seen the Money Flow Indicator climb above 60, potentially spelling a near-term reversal if it crosses above the 70 line. The Money Flow Indicator is a unique indicator that combines momentum ...

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Categories: Europe

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For Alphabet, a Record Fine Is Both a Footnote and a Warning - New York Times

Mon, 2017-07-24 19:42


New York Times

For Alphabet, a Record Fine Is Both a Footnote and a Warning
New York Times
The European fine smudged what was another quarter of consistent earnings from Alphabet's core Google business. Google's search engine remains indispensable, making the advertising real estate surrounding its search results essential for marketers.

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Categories: Europe

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Fact check: Trump's power to pardon - USA TODAY

Mon, 2017-07-24 17:44


USA TODAY

Fact check: Trump's power to pardon
USA TODAY
President Trump tweeted that “all agree the U.S. President has the complete power to pardon.” It's true that the president has the constitutional power to issue pardons, but there are some limits to that power. Article II, Section 2 of the U.S ...

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Categories: USA

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Introducing the QE Award, recognizing real estate customer satisfaction

Mon, 2017-07-24 17:00

Most companies will tell you that they care deeply about customer service, and that includes real estate brokerages. But when five-star real estate agent reviews are ubiquitous across rating platforms, how are discerning buyers and sellers supposed to find the agents -- and brokerages -- who care the most about the service experience ...

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Windermere Real Estate appoints its first COO: Brooks Burton

Mon, 2017-07-24 16:35

Seattle-based Windermere Real Estate has just appointed Brooks Burton, the former EVP and COO of Ohio-based HER Realtors, as its first ...

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A mobile home park owner is suing Cathedral City for the right to raise some rents - The Desert Sun

Mon, 2017-07-24 15:45


The Desert Sun

A mobile home park owner is suing Cathedral City for the right to raise some rents
The Desert Sun
State documents identify the managers of the park owner, Tramview Investments LLC, as staffers at Follett USA, a Sacramento-based owner of mobile home parks. Tramview ... Rosalie Murphy covers real estate and business at The Desert Sun. Reach her at ...

Categories: USA

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Existing-Home Sales Backtrack in June

Mon, 2017-07-24 15:03

Existing-homes sales backtracked in June, posting higher than one year prior but lower than in May, the National Association of REALTORS® (NAR) reports.

Existing-home sales totaled 5.52 million, a 1.8 percent decrease from May but a 0.7 percent increase from one year prior. Inventory decreased 0.5 percent to 1.96 million, 7.1 percent below one year prior.

 
“Closings were down in most of the country last month because interested buyers are being tripped up by supply that remains stuck at a meager level and price growth that’s straining their budget,” says Lawrence Yun, chief economist at NAR. “The demand for buying a home is as strong as it has been since before the Great Recession. Listings in the affordable price range continue to be scooped up rapidly, but the severe housing shortages inflicting many markets are keeping a large segment of would-be buyers on the sidelines. The good news is that sales are still running slightly above last year’s pace despite these persistent market challenges.”

Inventory is currently at a 4.3-month supply. Existing homes averaged 28 days on market in June, one more day than in May but six less days than one year prior. Non-distressed homes took 27 days to sell. All told, 54 percent of homes sold in June were on the market for less than one month.

The metropolitan areas with the fewest days on market in June, according to data from realtor.com®, were Seattle-Tacoma-Bellevue, Wash. (23 days); Salt Lake City, Utah (26 days); San Jose-Sunnyvale-Santa Clara, Calif. (27 days); San Francisco-Oakland-Hayward, Calif. (29 days); and Denver-Aurora-Lakewood, Colo. (30 days).

The median existing-home price for all types of houses (single-family, condo, co-op and townhome) was $263,800, a 6.5 percent increase from one year prior. The median price for a single-family existing home was $266,200, while the median price for an existing condo was $245,900.

Single-family existing-home sales came in at 4.88 million in June, a 2.0 percent decrease from 4.98 million in May, but a 0.6 percent increase from 4.85 million one year prior. Existing-condo and -co-op sales came in at 640,000, unchanged from May, but a 1.6 percent increase from one year prior.

Eighteen percent of existing-home sales in June were all-cash, with 13 percent by individual investors. Four percent were distressed.

The Midwest was the only region to see positive activity in June, with existing-home sales rising 3.1 percent to 1.32 million, with a median price of $213,000. Existing-home sales in the South fell 4.7 percent to 2.23 million, with a median price of $231,300. Existing-home sales in the Northeast also fell, 2.6 percent to 760,000, with a median price of $296,300. Existing-home sales in the West were down only slightly, 0.8 percent to 1.21 million, with a median price of $378,100.

First-time homebuyers comprised 32 percent of existing-home sales in June, a decrease from 33 percent in May and one year prior.

“It’s shaping up to be another year of below-average sales to first-time buyers despite a healthy economy that continues to create jobs,” Yun says. “Worsening supply and affordability conditions in many markets have unfortunately put a temporary hold on many aspiring buyers’ dreams of owning a home this year.”

“Prospective buyers who postponed their home search this spring because of limited inventory may have better luck as the summer winds down,” says NAR President Bill Brown. “The pool of buyers this time of year typically begins to shrink as households with children have likely closed on a home before school starts. Inventory remains extremely tight, but patience may pay off in coming months for those looking to buy.”

In a statement, realtor.com Senior Economist Joseph Kirchner said, “Lack of inventory, largely caused by weak growth in home-building since the recession, is the culprit responsible for the 1.8 percent decline in existing-home sales in June compared to May. Though we continue to see record-high demand, sales of existing homes are up by only 0.7 percent compared to last year.

“This situation primarily affects low- to moderate-priced homebuyers, including millennials, first-time buyers and people of modest means,” he continued. “These groups have had extreme difficulty finding homes and the plummeting sales we have seen for months isn’t showing signs of slowing soon.”

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

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

The post Existing-Home Sales Backtrack in June appeared first on RISMedia.

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Gaining an Edge in NYC

Mon, 2017-07-24 14:59

NAR Brings Broker Event to the Big Apple

In its latest broker-targeted educational event, the National Association of REALTORS® hosted the Broker’s Edge in Midtown Manhattan last week. The one-day event on July 18 featured high-level keynote speakers covering a range of issues from cyber security to economic predictionfs, and panel discussions focused on strategies for recruiting, technology, global expansion and the future.

The event kicked off with a special presentation by the First Secretary of the U.S. Department of Homeland Security and former Governor Tom Ridge. According to Ridge, while global terrorism is a permanent risk that needs to be managed, not enough attention is paid to the risk he refers to as “the digital forever.” With 80 percent of the population expected to be connected to internet devices by 2020, threats related to cyber security will only increase.

“The internet offers the potential for good, but that same access creates a perilous and uncertain future as well,” said Ridge. “The internet has no geographic or political boundaries—the same quality that makes it such a powerful tool is also the quality that makes it a means for mischief, misuse and peril.”

Whether we realize it or not, real estate is a digital industry, said Ridge, encompassing a “treasure trove” of valuable non-public, private information. “You need to think of this industry as a major financial player because you are one.”

Ridge advised brokers to put a cyber security and breach policy in place, and to teach employees and agents about “digital hygiene,” including using a secure third-party transaction network to communicate with clients, and installing an antivirus monitoring service for your software.

“It’s about people, process and technology,” said Ridge. “Manage that risk before it manages you.”

A Culture of Recruiting
Ridge’s presentation was followed by RISMedia’s Broker Roundtable, “Recruit and Retain the Best With a Winning Culture,” moderated by RISMedia EVP Darryl MacPherson and featuring brokers: Joe Rand, chief creative officer, Better Homes and Gardens Rand Realty; Dottie Herman, president and CEO, Douglas Elliman; and LP Finn, operating officer and principal broker, Coach REALTORS®.

As Herman said, “Culture is one of the hardest things to define. People like to be part of something they believe in.”

“A well-defined company culture has to be a strong part of your recruiting message and you have to be able to convey it to agents,” added Finn.

According to Rand, recruiting is a lot like dating—you usually know within the first five minutes if the relationship has potential. And while recruiting to your culture should be the goal, it can’t be the final decision-maker. “It sounds good to say, ‘I’m only going to recruit people who fit perfectly into my culture,’ but in the real world, you’re going to attract GCI in a lot of different ways,” he explained. “You have to look for people you think will be a fit, then go after those people.”

Panelists agreed that the most important part of recruiting involves listening.

“Have an open dialogue,” said Herman. “Tell people what you feel whether it’s good, bad or indifferent.”

“Show a genuine interest in someone,” said Rand. “Find out what they’re about before launching into what you’re about—then you can frame what you’re going to talk about.”

“We ask people, ‘What is the biggest challenge you’re facing in the market?'” added Finn. “If I can show them how a piece of our company culture will help fix that challenge, then that furthers the conversation.”

Ready for the Future
The Broker’s Edge was capped off with a panel discussion led by NAR 2017 President-Elect Elizabeth Mendenhall, “Shaping the Future of Real Estate.” The panel included: Dan Elsea, president of Broker Services for Real Estate One and chairman of the Upstream Board of Managers; Bob Goldberg, NAR’s newly elected CEO; and Suzanne Zinn Mueller, SVP of Industry Relations for Move, Inc.

From helping to move the MLS from print to online to being one of the founding team members of realtor.com® to leading the charge to create the .REALTOR top-level domain, Goldberg described himself as one of the early “disruptors.”

“My passion is not to be afraid of disruptors,” he explained. “We have to be fearless as opposed to fearful. We need to talk to (disruptors) and influence them before they enter real estate. The threat of new business models is not new in the industry. The challenge is how fast we adapt and create our own model so that we control the answers instead of them controlling us. We have to set the standards and say, ‘Here’s what the consumer expects,’ and help drive that.”

Elsea agreed. “We have to come up with a new way of marketing and showing properties and a new way of communicating with clients,” he explained, emphasizing that real estate professionals need to advance to the role of counselor.

According to Mueller, keeping up with technology will be essential. “You’re not selling homes—you’re selling your services,” she said. “That’s what makes you valuable, and staying abreast of the best tools, technology and data is going to help you be that expert and have that professional service.”

As the real estate industry progresses into the future, Goldberg emphasized the need for NAR to listen to its membership at the grassroots level. “We need to listen to what’s happening in your areas, in your particular situations,” he said, “so we can come up with a macro business strategy to help deal with disruptors and build our own model of disruption.”

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

Maria Patterson is RISMedia’s executive editor. Email her your real estate news ideas at maria@rismedia.com.

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

The post Gaining an Edge in NYC appeared first on RISMedia.

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