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Blackstone's Real Estate Growth in Europe and Asia in 2017 - Market Realist

Wed, 2017-02-22 20:38


Market Realist

Blackstone's Real Estate Growth in Europe and Asia in 2017
Market Realist
The Blackstone Group's (BX) Real Estate division has seen higher fund increases and performance fees over the past couple of years. The division saw relative outperformance in 2015 as well as average performance in 2016. This division is riding on ...

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Categories: Europe

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Blackstone's Real Estate Growth in Europe and Asia in 2017 ... - Market Realist

Wed, 2017-02-22 20:38


Market Realist

Blackstone's Real Estate Growth in Europe and Asia in 2017 ...
Market Realist
The Blackstone Group's (BX) Real Estate division has seen higher fund increases and performance fees over the past couple of years. The division saw relative ...

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Categories: Europe

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Alexandria Real Estate Equities, Inc. Announces Pricing Of Public Offering Of $425000000 Of Senior Notes - Yahoo Finance

Wed, 2017-02-22 16:51


Alexandria Real Estate Equities, Inc. Announces Pricing Of Public Offering Of $425000000 Of Senior Notes
Yahoo Finance
22, 2017 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (ARE) announced today that it has priced a public offering of $425,000,000 aggregate principal amount of 3.95% senior notes due 2028. Goldman, Sachs & Co., Mizuho Securities USA Inc., ...

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Categories: USA

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What Looks Good on the CEE Real Estate Market for 2017 - Emerging Europe (registration)

Wed, 2017-02-22 16:31


Emerging Europe (registration)

What Looks Good on the CEE Real Estate Market for 2017
Emerging Europe (registration)
What should property investors look for in the region's biggest markets, across emerging Europe? A few days ahead of the world's leading property market event, MIPIM, we asked experts from large real estate consultancy firms, CBRE, Colliers and JLL ...

Categories: Europe

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Existing-Home Sales Begin 2017 with a Bang

Wed, 2017-02-22 16:09

Existing-home sales began 2017 with a bang, growing 3.3 percent and hitting a 10-year high in January, according to the National Association of REALTORS® (NAR). With the exception of the Midwest, every region saw gains, with total sales reaching 5.69 million—the fastest pace since February 2007.

“Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home,” says Lawrence Yun, NAR chief economist. “Market challenges remain, but the housing market is off to a prosperous start as homebuyers staved off inventory levels that are far from adequate and deteriorating affordability conditions.”

The median existing-home price also rose again in January, up 7.1 percent to $228,900 from $213,700 one year prior, according to the report. The median existing condominium and single-family home prices grew, as well: 6.2 percent to $217,400 and 7.3 percent to $230,400, respectively.

The report shows that though existing-home inventory expanded 2.4 percent to 1.69 million, supply is still 7.1 percent lower than one year prior. Months supply of inventory is currently 3.6. Existing homes averaged 50 days on the market, down from 64 days one year prior—38 percent of homes sold, however, were on the market for less than a month. Realtor.com® data show the markets with the shortest days on market were San Jose-Sunnyvale-Santa Clara, Calif. (43 days), San Francisco-Oakland-Hayward, Calif. (47 days), San Diego-Carlsbad, Calif. (55 days), Seattle-Tacoma-Bellevue, Wash. (57 days) and Nashville-Davidson-Murfreesboro-Franklin, Tenn., Vallejo-Fairfield, Calif., and Greeley, Colo. (58 days).

Existing-home sales in the West, according to the report, soared 6.6 percent in January, while sales in the Northeast jumped 5.3 percent and sales in the South rose 3.6 percent. Sales in the Midwest fell 1.5 percent. The median price in the West was $332,300 (a 6.8 percent annual increase); the median price in the Northeast was $253,800 (2.5 percent); the median price in the South was $201,400 (9.2 percent); and the median price in the Midwest was $174,900 (6.5 percent).

First-time homebuyers comprised 33 percent of existing-home sales in January—an uptick from 32 percent in December and one year prior. All-cash sales comprised 23 percent, while distressed sales comprised 7 percent—both dips from one year prior.

“Competition is likely to heat up even more heading into the spring for house hunters looking for homes in the lower- and mid-market price range,” Yun says. “NAR and realtor.com’s new ongoing research—the REALTORS® Affordability Distribution Curve and Score—revealed that the combination of higher rates and prices led to households in over half of all states last month being able to afford less of all active inventory on the market based on their income.”

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

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

The post Existing-Home Sales Begin 2017 with a Bang appeared first on RISMedia.

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Priced Out: Gender Pay Gap Spills over to Housing

Wed, 2017-02-22 16:06

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

Single homebuyers have a tougher time than most affording a house—and a new report shows single women have it harder than single men.

A joint report by PropertyShark and RENTCafé reveals housing in 23 of the nation’s top 50 metropolitan areas is out of reach for single women, while housing in 14 areas is out of reach for single men. Austin, Texas; Boston, Mass.; Long Beach, Los Angeles, Oakland, Portland, San Diego, San Francisco, and San Jose, Calif.; Miami, Fla.; New Orleans, La.; New York, N.Y.; Philadelphia, Pa.; and Washington, D.C. are unaffordable to singles regardless of gender—but Chicago, Ill.; Denver, Colo.; Fort Worth and Houston, Texas; Memphis and Nashville, Tenn.; Milwaukee, Wis.; Sacramento, Calif.; and Seattle, Wash. are, in addition, unaffordable to single women. The starkest pay gap of the nine areas unaffordable to single women—but affordable to single men—is in Fort Worth, Houston and Seattle, spanning 70-73 cents on the dollar.

The areas where single women face the lowest housing affordability are New York, Los Angeles, San Francisco, Boston and Miami, according to the report. In New York, monthly housing costs take up 119 percent of the average single woman’s income, while in Los Angeles, monthly housing costs take up 104 percent—a full-on shut-out. Monthly housing costs for single men in these areas take up just shy of 100 percent.

There are areas where single women can afford to buy a home: Detroit, Mich.; Wichita, Kan.; Indianapolis, Ind.; and Tulsa and Oklahoma City, Okla., according to the report. The monthly housing cost in Detroit takes up just 4 percent of the average single woman’s income, while monthly housing costs in Wichita and Indianapolis take up 10 percent.

View more from the report here.

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 Priced Out: Gender Pay Gap Spills over to Housing appeared first on RISMedia.

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CFPB Explores Alternative Routes for ‘Credit Invisibles’

Wed, 2017-02-22 16:05

Twenty-six million Americans are “credit invisible,” or lacking enough credit history to generate a credit score—a factor most lenders use to evaluate loan applications. The Consumer Financial Protection Bureau (CFPB) has begun exploring alternative routes to determine creditworthiness, including cell phone bill and rent payment history, seeking feedback from the public on these and other assessment methods.

“Alternative data from unconventional sources may help consumers who are stuck outside the system build a credit history to access mainstream credit sources,” says CFPB Director Richard Cordray. “We want to learn more about whether this non-traditional approach can offer opportunities to millions of Americans who are credit invisible and how to minimize any risks in how this information is used.”

Specifically, the CFPB has issued a Request for Information on whether alternative data would boost credit accessibility and/or make credit decisions more complicated, as well as its impact on borrowers and lenders and privacy and security issues.

View the Request for Information here.

Source: Consumer Financial Protection Bureau (CPFB)

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

The post CFPB Explores Alternative Routes for ‘Credit Invisibles’ appeared first on RISMedia.

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Open house robberies change real estate in Northeast Ohio

Wed, 2017-02-22 15:36

One thing real estate agents may want to add to their open house to-do lists (if they haven't already) is double-checking doors and windows before closing up shop, just in case a "buyer" wants to come back for a solo visit ...

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Kennedy Wilson Europe Real Estate PLC (KWE) Scheduled to Post ... - The Cerbat Gem

Wed, 2017-02-22 14:57


Kennedy Wilson Europe Real Estate PLC (KWE) Scheduled to Post ...
The Cerbat Gem
Kennedy Wilson Europe Real Estate PLC (LON:KWE) is scheduled to be posting its quarterly earnings results before the market opens on Friday, February 24th.

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Categories: Europe

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Kennedy Wilson Europe Real Estate PLC (KWE) Scheduled to Post Earnings on Friday - The Cerbat Gem

Wed, 2017-02-22 14:57


Kennedy Wilson Europe Real Estate PLC (KWE) Scheduled to Post Earnings on Friday
The Cerbat Gem
Kennedy Wilson Europe Real Estate PLC (LON:KWE) is scheduled to be posting its quarterly earnings results before the market opens on Friday, February 24th. Kennedy Wilson Europe Real Estate PLC (LON:KWE) traded down 0.10% during mid-day trading ...

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Categories: Europe

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Podcast: Crazy sh*t in real estate Episode 8 — When fur, claws and scales drop in at the home inspection

Wed, 2017-02-22 13:48

Dead cats. Raccoons. Snakes! Welcome to the weird life of a home inspector, when Jeff Baker drops in on the podcast to share some of his crazy stories ...

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Rob Hahn and Greg Robertson launch ‘Industry Relations’ podcast

Wed, 2017-02-22 13:30

What do you get when two of real estate's most well-known, outspoken bloggers get together to hash out controversial topics about the industry you know and love ...

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StepStone Real Estate raises $700 mln for third fund - PE Hub (subscription) (blog)

Wed, 2017-02-22 12:59


PE Hub (subscription) (blog)

StepStone Real Estate raises $700 mln for third fund
PE Hub (subscription) (blog)
StepStone Real Estate Partners III will focus on backing “special situations” in the U.S. and Europe. Its limited partners include pension funds, foundations, insurance companies, funds of funds, family offices and high-net worth individuals from the U ...

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Categories: Europe

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How RE/MAX Professionals Are Driving Social Media Results

Wed, 2017-02-22 12:52

Are you spending a lot of time on social media marketing but seeing little in the way of results? Then don’t miss this special session from RISMedia during the RE/MAX R4 Conference next week, sponsored by RISMedia’s ACE! If you are not planning on attending the R4 Conference, click here and see how to cost effectively improve your social media marketing!

For all RE/MAX R4 attendees, join us on March 1 from 1 – 2 p.m. at Mandalay Bay Resort & Casino in Las Vegas, in the Lagoon IJ meeting rooms for:

“The Rules of Engagement: How to Drive Better Results from Social Media & Connect Using Automation and Great Content”

In this session, RISMedia President & CEO John Featherston will lead a panel of top RE/MAX brokers who will share their strategies for automating social media to better connect with clients and prospects, and generate leads. As the communication method of choice for tens of millions of consumers, finding the most effective resources for managing and maximizing your social media efforts is critical. Find out how you can use automated content and posting solutions to systematically engage your sphere with relevant content…without breaking the bank.

Featured Panelists:

  • John Featherston – President & CEO, RISMedia
  • Scott MacDonald – Broker/Owner/President, RE/MAX Gateway
  • Paul Wells –  Broker/Owner, RE/MAX of Barrington
  • John Heithaus – Principal Partner, Heithaus Properties LLC
  • Marti Hampton – Owner, RE/MAX One Realty

Don’t miss this chance to hear how your peers are succeeding with social media…and how you can too!

To find out how RISMedia’s ACE can help drive social media results with automated, branded content, click here. For questions about ACE please call RISMedia at 203-855-1234 or email ace@rismedia.com.

Visit Booth #106 at the RE/MAX R4 Conference to see how RISMedia’s Automated Content Engagement system can work for you!

The post How RE/MAX Professionals Are Driving Social Media Results appeared first on RISMedia.

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January existing-home sales show fastest seasonally adjusted annual sales growth in almost 10 years

Wed, 2017-02-22 12:06

The first month of 2017 sets the year up for a red-hot start after what NAR Chief Economist Lawrence Yun called a "soft" December. In January, NAR’s existing-home sales spiked 3.3 percentage points to a seasonally adjusted annual rate (SAAR) of 5.69 million -- up from an upwardly revised 5.51 million in December ...

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VirtualAPT’s robot makes 360-degree property videos for real estate agents

Wed, 2017-02-22 11:33

A four-wheeled tripod outfitted with a computer, 360-degree camera and sensors can roam properties, producing highly choreographed, immersive videos that would be difficult -- if not impossible -- to replicate with a normal video camera ...

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Virtual reality goes mainstream: Why aren’t you using it?

Wed, 2017-02-22 11:28

Virtual reality and the real estate industry seem to be a match made in heaven. What's the status on getting this technology into every home in the country ...

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StepStone Real Estate Partners Closes Fund III with $700 Million in Capital Commitments - Yahoo Finance

Wed, 2017-02-22 11:25


StepStone Real Estate Partners Closes Fund III with $700 Million in Capital Commitments
Yahoo Finance
“SREP III has completed eight investments and is approximately 30 percent committed,” stated Josh Cleveland, a StepStone Real Estate Partner who oversees the firm's activities in Europe. “Our creative and flexible approach to working with institutional ...

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Categories: Europe

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StepStone Real Estate Partners Closes Fund III with $700 Million in ... - Business Wire (press release)

Wed, 2017-02-22 11:19


StepStone Real Estate Partners Closes Fund III with $700 Million in ...
Business Wire (press release)
NEW YORK--(BUSINESS WIRE)--StepStone Real Estate today announced that it has closed StepStone Real Estate Partners III (“SREP III”) with US$700 million ...

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Categories: Europe

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Data Centre Colocation Activity Hits Record High In Europe - Silicon UK

Wed, 2017-02-22 10:45


Silicon UK

Data Centre Colocation Activity Hits Record High In Europe
Silicon UK
A record amount of data centre colocation activity was recorded across Europe in 2016, with 155MW of take-up throughout Frankfurt, London, Amsterdam and Paris. This number doubles the previous record for annual take-up, according to global real estate ...
Cloud demand fuels record European growth for colocation market in 2016, confirms CBREComputerWeekly.com

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Categories: Europe

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