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Avoiding the price reduction conversation? 5 tips to nail it

Mon, 2017-05-22 05:00

Agents are making more concessions than ever to obtain listings during the inventory shortage, even if it means seriously overpricing them. While this may be an acceptable strategy when inventory is tightening, it often spells doom if the market has already crested or has begun to decline ...

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5 snags that can derail a ‘done deal’ in real estate

Mon, 2017-05-22 04:00

A lot can happen from contract to closing, and until all is funded and keys are exchanged, getting to the finish line isn't a sure thing ...

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How to create a stellar Facebook group and stimulate a thriving community

Mon, 2017-05-22 03:20

It's not enough to simply create a Facebook group. You have to put in the work to cultivate a social media audience that is 100 percent engaged with your content ...

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How agents can make more money with pre-listing inspections

Mon, 2017-05-22 03:00

It’s no secret that certain markets suffer from a persistent lack of inventory. In these areas facing tight supply, what is the best way for agents to provide value to homebuyers and sellers ...

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How to draw in more qualified, motivated buyers and boost conversion rates

Mon, 2017-05-22 03:00

It’s easy for real estate agents to develop a love-hate relationship with online buyer leads. On the one hand, they can be a quick way to jump-start a business or enter a new market. On the other hand, they’re expensive and require thorough, consistent work to get results ...

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What type of video content does Facebook reward?

Mon, 2017-05-22 02:25

What kind of video content do you need to create to be more appealing to Facebook’s algorithm ...

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Crazy Sh*t In Real Estate Episode 34: How to deal with a sneaky listing agent

Mon, 2017-05-22 02:15

In this episode, Leigh interviews Dawn Roy, an experienced broker based in Virginia. Listen as Dawn shares her crazy experience with almost losing a client because of a sneaky listing agent ...

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Investor Center: Technical Focus on Kennedy Wilson Europe Real Estate PLC (KWE.L) - The Standard

Mon, 2017-05-22 01:02


Investor Center: Technical Focus on Kennedy Wilson Europe Real Estate PLC (KWE.L)
The Standard
Kennedy Wilson Europe Real Estate PLC (KWE.L) has a 14-day Commodity Channel Index (CCI) of -47.08. The CCI was designed to typically remain within the reading of -100 to +100. Traders may use the indicator to spot stock trends or to seek out ...

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Categories: Europe

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Renters Warm to Homeownership, Despite Affordability Concerns

Sun, 2017-05-21 12:06

Renters are staunchly in favor of homeownership, and, though they have concerns about their ability to afford a home, more now believe it is easier to qualify for a mortgage.

According to the latest SCE Housing Survey, part of the Survey of Consumer Expectations (SCE) by the Federal Reserve Bank of New York, 72.3 percent of renters “prefer” or “strongly prefer” to own a home rather than rent one, and 55.9 percent view homeownership as “a good investment”—findings that dismiss a commonly held notion that they have become averse to homeownership as a result of societal shifts.

The likelihood of buying a home in the foreseeable future, however, both for homeowners and renters, is at a standstill: 63.6 percent, unchanged from 2016.

Sixty-five percent of renters view qualifying for a mortgage as “somewhat difficult” or “very difficult”, according to the survey—a share, though, that has steadily declined in recent years. Twenty percent view qualifying for a mortgage as “somewhat easy” or “very easy,” up from 15 percent in 2015.

One factor could pose a setback. Those surveyed believe mortgage rates have risen by at least 40 basis points this year—on par with their actual activity—and that the average rate one year from now will be 5.6 percent. Higher mortgage rates have the potential to sow apprehension among renters grappling with affordability.

Those surveyed, as well, anticipate home prices will continue to rise both one year and five years from now, expecting a 5.1 percent change in prices in the next year—the highest ever recorded in the survey. The likelihood that prices will fall in the next year, according to those surveyed, is down, to 37.5 percent.

Homeownership, overall, is viewed by 60.4 of those surveyed as a “somewhat good” or “very good” investment; only 12.7 percent view it as a “bad investment.”

Source: Federal Reserve Bank of New York

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 Renters Warm to Homeownership, Despite Affordability Concerns appeared first on RISMedia.

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A Support System for Success

Sun, 2017-05-21 12:05

In the following interview, Bob Witt, broker/owner of Berkshire Hathaway HomeServices Heritage Real Estate in Livingston County, Mich., discusses his local market and the social media solution supporting his marketing efforts.

Regions Served: Livingston County and surrounding areas, Southeast Mich.
Years in Real Estate: 39
Key to Success: Success always involves hard work.
Facebook: @BHHSHeritageRealEstate, Bob Witt – Berkshire Hathaway HomeServices Heritage Real Estate

News about housing in Michigan often centers on Detroit. How would describe the market in Livingston County?
Howell and Livingston County are unique because we have traditionally been a bedroom community, where folks live here and then commute someplace else to work. We are located mid-way between Ann Arbor and Flint and Detroit and Lansing. We have lower taxes, good schools and a reputation as a great place to live, which has always been a draw to potential buyers.

What do you expect for the market this summer?
The market right now is tough, but only because there is a shortage of available homes for sale and an excess of potential buyers. Our biggest challenge right now is finding folks wanting to sell their houses.

You recently added RISMedia’s ACE to your marketing efforts. How are you implementing the system in your business, and what aspects of it are most appealing to you?
I’m using it as an addition to my own social marketing efforts. One of the biggest benefits is I receive high quality posts, branded to me, posted across my social networks. I also have the opportunity to be able to feature up to two chosen advertisers on my site that reflect my values, and can assist in covering my cost for the program.

Along with my postings of local events and houses for sale, RISMedia’s ACE provides   postings without any additional effort from me. Hopefully social media will assist in keeping me in the public’s mind so when they think of real estate, they also remember that’s what I do! Having the branded-to-me postings will assist with that.

For more information, please visit ace.rismedia.com.

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 A Support System for Success appeared first on RISMedia.

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Real estate transactions for May 22, 2017 - Bradenton Herald

Sun, 2017-05-21 07:47


Bradenton Herald

Real estate transactions for May 22, 2017
Bradenton Herald
$1,445,508 Bob Evans Farms LLC to BER Real Estate Investments I LLC, Or1654 Pg2740, May 9. $1,257,000 Patricia A WoLCott ..... Lot 17 San Remo Shores, May 5. $300,000 King Christopher to Strathan Usa Corporation, Blk 40 Trailer Estates, May 10.

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Categories: USA

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Kennedy Wilson Europe Real Estate PLC (KWE) to Issue Dividend ... - Sports Perspectives

Sat, 2017-05-20 22:47


Sports Perspectives

Kennedy Wilson Europe Real Estate PLC (KWE) to Issue Dividend ...
Sports Perspectives
Kennedy Wilson Europe Real Estate PLC (LON:KWE) announced a dividend on Friday, April 28th. Investors of record on Thursday, May 11th will be given a ...
Kennedy Wilson Europe Real Estate PLC (KWE) Declares Dividend ...Chaffey Breeze

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Categories: Europe

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NAR tackles lockbox tech in MLS policy changes

Sat, 2017-05-20 19:45

WASHINGTON -- The board of directors of the National Association of Realtors today approved three changes to MLS policies that are meant to position agents and brokers to leverage technology in their businesses ...

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The #1 Real Estate Stock To Own Is Built On Trends - Alexandria Real Estate Equities (NYSE:ARE) - Forbes

Sat, 2017-05-20 11:53


Forbes

The #1 Real Estate Stock To Own Is Built On Trends - Alexandria Real Estate Equities (NYSE:ARE)
Forbes
But using trends is not restricted to tech companies. By following trends, since 1998 Alexandria Real Estate Equities has tripled the performance of the NASDAQ, quadrupled returns of the S&P 500, and quintupled the Russell 2000. Alexandria has even ...
Time To Get Cautious? - Pennsylvania Real Estate Investment Trust (PEI), Celadon Group, Inc. (CGI)USA Commerce Daily
Financial Newsletter - American Consumer News, LLCAmerican Consumer News, LLC

all 213 news articles »

Categories: USA

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NAR bets on Upstream with additional $9M in funding

Sat, 2017-05-20 11:25

WASHINGTON -- The board of directors of the National Association of Realtors (NAR) today approved an additional $9 million in funding for broker data management platform Upstream ...

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Kennedy Wilson Europe Real Estate PLC (KWE) Declares Dividend of GBX 12 - Chaffey Breeze

Sat, 2017-05-20 10:36


Chaffey Breeze

Kennedy Wilson Europe Real Estate PLC (KWE) Declares Dividend of GBX 12
Chaffey Breeze
Kennedy Wilson Europe Real Estate PLC logo Kennedy Wilson Europe Real Estate PLC (LON:KWE) declared a dividend on Friday, April 28th. Stockholders of record on Thursday, May 11th will be paid a dividend of GBX 12 ($0.15) per share on Wednesday, ...

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Categories: Europe

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NAHB: Affordability Grows as Incomes Inch Up

Fri, 2017-05-19 23:05

The most affordable housing market in the country is the Youngstown-Warren-Boardman, Ohio major metropolitan area, where more than 92 percent of all homes sold in the first quarter of 2017 were affordable to those earning the area’s median income, according to the recently released National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). At the national level, over 60 percent of homes sold were affordable to those earning the nation’s median income—an increase from the fourth quarter of 2016.

“Ongoing job growth continues to fuel demand for housing, while wage growth is helping to offset the effects of rising mortgage rates and keep home prices affordable,” said Robert Dietz, chief economist at the NAHB, in a statement on the Index. “NAHB anticipates that housing will continue on a gradual, upward path throughout the year.”

Outside of major metropolitan areas, the most affordable housing market in the country is Kokomo, Ind., according to the Index. More than 96 percent of homes sold in the first quarter were affordable to those earning the area’s median income.

Other affordable major metropolitan markets include Elgin, Ill., Scranton-Wilkes Barre-Hazleton, Pa., Buffalo-Cheektowaga-Niagara-Falls, N.Y., and Syracuse, N.Y. Other affordable markets outside of metropolitan areas include Glen Falls, N.Y., East Stroudsburg, Pa., Binghamton, N.Y., and Lansing-East Lansing, Mich.

On the other end of the spectrum, the San Francisco-Redwood City-South San Francisco, Calif. major metropolitan area is the least affordable housing market, where approximately 11 percent of homes sold in the first quarter were affordable to those earning the area’s median income.

Source: National Association of Home Builders (NAHB)

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

The post NAHB: Affordability Grows as Incomes Inch Up appeared first on RISMedia.

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Dean A. deTonnancourt: Succeeding With a ‘Sharing-Based’ Environment

Fri, 2017-05-19 23:03

With 28 years of experience in the real estate industry, Dean A. deTonnancourt, broker/owner of HomeSmart Professionals Real Estate in Warwick, R.I., has a lot of know-how to offer those who work for him, and he’s always thrilled to share his experiences.

“I’ve enjoyed personal sales success on many levels during my career,” says deTonnancourt. “What I now love most is working with our associates and helping them achieve unlimited levels of success. We celebrate everything at HomeSmart Professionals Real Estate. Regardless of the associate’s goal, we’re going to celebrate their accomplishments.”

Last year was a strong one for the firm, as business increased from 484 transactions to 852 transactions, thanks to a continued growth in agent count, as well as increased personal productivity among the firm’s individual associates.

“What’s setting us apart in the marketplace right now is the energy and excitement of our associates,” says deTonnancourt. “Call it culture, call it camaraderie, but our associates display a sharing-based attitude where all associates support each other in individual and mutual success. The mindset is contagious.”

Business is expected to rise again in 2017, thanks to some recent expansion.

“We just opened our second location at the beginning of the year in Northern Rhode Island,” says deTonnancourt. “Our growth projection includes increased agent count as well as additional branch locations throughout Rhode Island and nearby Massachusetts and Connecticut.”

The market in Rhode Island is currently displaying a record-low inventory, causing a highly competitive marketplace. deTonnancourt notes that more competition, coupled with lower listing inventory and multiple-offer scenarios, are now a regular occurrence.

“With a larger salesforce, we’re seeing an increased marketshare and brand awareness,” he says. “Consumer confidence is critical in any market, and HomeSmart has quickly become known as a leader in the Rhode Island marketplace.”

The firm’s compensation model is new and unique to the marketplace, attracting associates at every level of production.

“With associates working harder against increased competition, the awareness for income retention is heightened. Associates are realizing more and more that at the end of the day, it’s not about what you earn; it’s about what you keep,” says deTonnancourt. “Our compensation model recognizes this specific theory and puts the associate in more control of their finances, ultimately benefiting the consumer.”

Of course, deTonnancourt’s experience has taught him that every consumer responds differently to the marketplace, and associates need to be equipped with education and resources specific to the needs of the individual.

“HomeSmart was founded on technology. Our proprietary technology platform allows our associates to remain on the cutting edge with innovative tools and customizable marketing pieces,” says deTonnancourt. “Our monthly educational calendar focuses on the core principle of running an individual real estate business, rather than what most would consider a sales job. Conversations related to timely topics in a classroom setting or business-meeting format aid our associates in competing in any market.”

Vitals: HomeSmart Professionals Real Estate
Years in Business
: 28
Size: 2 offices, 150 associates
Regions Served: Rhode Island and nearby Massachusetts and Connecticut
2016 Sales Volume: $190 million
2016 Transactions: 852
www.therhodehome.com

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

The post Dean A. deTonnancourt: Succeeding With a ‘Sharing-Based’ Environment appeared first on RISMedia.

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Now You Can Live Like a Kardashian—Sort Of

Fri, 2017-05-19 23:02

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

If you ever wondered how real reality television actually is, the recent listing of the Kardashians’ “TV home” has your answer. The palatial Studio City dwelling featured in E!’s hit series “Keeping Up With the Kardashians” is currently listed at $8.995 million. And although the home has been flashed all over television as the backdrop for the Kardashians’ kooky family drama, in reality, the space was just that: a backdrop. The Kardashians never actually lived in the home.

Say what? Yep. Modeled after an Italian castle, the home is aptly named Palazzo Dei Sogni—the Palace of Dreams. The 7,800-square-foot home has seven bedrooms, eight bathrooms, and neighbors like Bruno Mars, Miley Cyrus and George Clooney—assuming these celebs actually live in their homes. The K-Dash palace has also been the set of “True Blood,” “Entourage” and “Rome,” making it one of the most widely televised homes in Studio City.

The spot has a two-story foyer, a swanky formal living room, a rustic paneled den, a billiards room, a 2,000-bottle wine cellar, sconces imported from the Paris Opera House, and a screening room with a 12-foot screen where you can watch all 13 seasons of “Keeping Up With the Kardashians.”

Now you can snap it up for just shy of $9 mill and recreate many of the Kardashians’ crying sessions.

Listed by: Robert E. Howell, Keller Williams Beverly Hills
Listed for: $8.995 million

Image Credit: Steven J. Magner

Source: TopTenRealEstateDeals.com

Zoe Eisenberg is RISMedia’s senior content editor. Email her your real estate news ideas at zoe@rismedia.com.

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

The post Now You Can Live Like a Kardashian—Sort Of appeared first on RISMedia.

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Sears is closing 30 more stores -- is yours on the list? - USA TODAY

Fri, 2017-05-19 17:49


USA TODAY

Sears is closing 30 more stores -- is yours on the list?
USA TODAY
To turn the company around, it has been closing stores, often selling off the real estate, as well as borrowing money and putting some of its vaunted brands up for sale. The closing of stores without an announcement is "a bit unusual," says retail ...

Categories: USA

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