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House Hunting in ... Lisbon - New York Times

Wed, 2017-02-22 09:49


New York Times

House Hunting in ... Lisbon
New York Times
Although prices are rising, they are still 40 to 50 percent below prices in European capitals like Paris or London, making the city increasingly attractive to international buyers, Mr. Soares said. An updated three-bedroom home of 1,600 to 2,100 square ...

Categories: Europe

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Xome is ‘worth a very big pile of money,’ said Nationstar CEO in earnings call

Wed, 2017-02-22 09:38

When Xome arrived on the scene in 2015, purporting to disrupt the real estate industry with an end-to-end platform, nobody was sure what to expect. By the end of 2016, it's clear that the Nationstar subsidiary is a powerful performer for the company, and it's opening up new opportunities -- including a new partnership with "a leading 'sale by owner' platform." ...

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Fund Manager Buys European Banks in Non-Armageddon Bet - TheStreet.com

Wed, 2017-02-22 08:00


Fund Manager Buys European Banks in Non-Armageddon Bet
TheStreet.com
"The Nordics learned the lesson and the madness of empire building," Bennett said, recalling the early 1990s when Nordic banks had a severe crisis after a lot of their loans in shipping and real estate went sour. "The Nordics learned and consolidated.

Categories: Europe

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Gary Gold launches Voodoo Agent, a luxury real estate video series

Wed, 2017-02-22 07:00

Call it mojo. The x-factor. Mad game. In real estate, we are in the performance business. We get paid when we execute ...

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How to save a real estate deal when clients play hardball

Wed, 2017-02-22 06:00

A real estate deal is rife with umpteen deal disaster scenarios, every one worse than the next. But the real question is -- how do agents revive a transaction that is on life support and about to flatline ...

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Fake it ’til you make it in real estate? Absolutely not

Wed, 2017-02-22 05:50

The popular phrase "fake it 'til you make it" seems to get thrown around a lot in the real estate industry. I've actually heard this given out as advice to new agents ...

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Why you need to seriously consider going paperless in 2017

Wed, 2017-02-22 05:30

The way we do business has changed more dramatically and more swiftly in the last five years than it did in the previous 25 -- mostly thanks to communication technologies. This has certainly created some new challenges for all of us, but it’s also creating tremendous opportunities ...

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Why price shouldn’t take priority in your real estate technology decisions

Wed, 2017-02-22 05:05

Real estate agents should use return on investment as a more important factor than cost when analyzing marketing and technology products. ...

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Bridge-building and the psychology of sales: A conversation with Portia Ryan

Wed, 2017-02-22 04:45

Sales resistance: It’s common because we all hate being sold. We hate being sold; we hate being closed; we hate feeling manipulated. That's why the psychology of sales is actually all about feeling the responsibility to not manipulate when communicating with people ...

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Podcast: 4 financing routes for international real estate buyers

Wed, 2017-02-22 04:35

Have you been wondering if foreign buyers of U.S. real estate could be your local real estate market niche? Entrepreneur, investor and founder of RSN Property Group Reed Goossens found that to be the case after immigrating to the United States from Australia, by focusing on closing deals for international buyers ...

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How luxury real estate agents can make lasting connections with clients

Wed, 2017-02-22 03:30

Every luxury real estate agent wants his or her marketing to bring results and yield a return on investment. Obviously, agents don't want to waste money on unsuccessful marketing. Effective techniques will lead to the desired outcome ...

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Daily market update: February 22, 2017

Wed, 2017-02-22 03:00

Mortgage rates plus all the latest real estate market news ...

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The Opening for Investors in Europe's Political Turmoil - Bloomberg

Wed, 2017-02-22 03:00


Bloomberg

The Opening for Investors in Europe's Political Turmoil
Bloomberg
Real estate, new currency-denominated debt at high yields, and well-managed export-oriented French companies taking advantage of the depreciated currency, would all be candidates for attractive returns under a new currency regime. The bottom line is ...

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Categories: Europe

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European Shares Set For Positive Start - RTT News

Wed, 2017-02-22 02:01


European Shares Set For Positive Start
RTT News
In corporate news, German real estate firm Deutsche Wohnen said it had successfully placed convertible bonds maturing in July 2024 with an aggregate principal amount of 800 million euros. Industrial conglomerate ThyssenKrupp announced that it has ...

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Categories: Europe

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Trump, The Russian Connection, And The Future Of Ultra Luxury Real Estate - Forbes

Tue, 2017-02-21 20:45


Forbes

Trump, The Russian Connection, And The Future Of Ultra Luxury Real Estate
Forbes
If the sparkling, new multi-million dollar Sunny Isles Ritz-Carlton Residences sales center just north of Miami Beach is any indication of what the “Trump Effect” means for international real estate investment in the U.S., it's already giving it a nice ...

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Categories: Europe

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Policy Unknowns Curb Housing Growth Expectations

Tue, 2017-02-21 16:46

All-out growth in the housing market this year is hinging on the Trump Administration’s policies, with the Fannie Mae Economic & Strategic Research Group expecting standstill wages to cripple affordability unless incomes improve.

“We expect the housing expansion to continue, albeit at a more moderate pace than last year given continued pressure on affordability,” says Doug Duncan, Fannie Mae chief economist. “Depressed inventory, particularly in the more affordable segments, will likely constrain sales and push home price gains that outpace income growth. A faster pace of monetary tightening, unless accompanied by a stronger increase in household income, also poses downside risk to housing.”

A recent affordability measure by the National Association of REALTORS® (NAR) and realtor.com® confirms a gap, especially for those with lower incomes.

The Fannie Mae Group’s recent Economic and Housing Outlook for February forecasts the economy to grow 2.0 percent in 2017, a minor gain from 1.9 percent in 2016.

“Last month we revealed our theme for the year, ‘Will Policy Changes Extend the Expansion?’ That question still hovers as the month-old administration begins enacting its agenda,” Duncan says. “Timing effects make it unlikely that we’ll see materially positive impacts stemming from any fiscal stimulus or deregulation this year, while immigration and trade policy pose downside risk. Any upside risk is likely to come from increased business investment based on expectations of policy change, enhancing prospects for after-tax profits.”

The Outlook projects existing-home sales will reach 5.646 million by the end of the year, while single-family starts will expand to 880,000. The median existing-home price is projected to be $245,000, while the median new-home price is projected to be $327,000.

The 30-year fixed-rate mortgage, which soared higher than 4 percent following the election, is projected to end 2017 at an average 4.3 percent.

Source: Fannie Mae

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

The post Policy Unknowns Curb Housing Growth Expectations appeared first on RISMedia.

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REALTOR® Magazine’s Good Neighbor Awards Seek Candidates for $10,000 Grants

Tue, 2017-02-21 16:44

NAR PULSE—REALTOR® Magazine is seeking nominees for the 18th Annual Good Neighbor Awards, which recognize REALTORS® who impact their communities through volunteer work. Five winners will be announced in the Nov./Dec. issue of REALTOR® Magazine, recognized at the 2017 REALTORS® Conference & Expo in Chicago, and receive a $10,000 grant for his or her charity. Volunteer work might include affordable housing initiatives, youth mentoring, homelessness prevention, or anything else that makes a community a better place to live. Entries must be received by May 12. For more information and an entry form, click here.

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 (Formerly Chrysler Group LLC), Placester, FedEx, DocuSign and more. Get started.

How does your marketing stack up to the competition?
This realtor.com® quiz can answer the question! Take the quiz to learn if your marketing efforts make the grade. Click here!

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

The post REALTOR® Magazine’s Good Neighbor Awards Seek Candidates for $10,000 Grants appeared first on RISMedia.

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Aging in Place? Prepare to Pay—or Change Your Mind

Tue, 2017-02-21 16:30

Forty-three million homeowners plan to stay put in their current home as they age, but lack the accessibility features to make it practical. A recent Insight from Freddie Mac reveals that adding those features—levered handles, widened doorways and hallways—could be costly, or impossible.

According to Freddie Mac, half of Americans age 55 and older and three-quarters of Americans age 75 and older have one or more “physical functional limitations” that necessitate accessible features at home. Approximately 1.5 million existing homes require some retrofitting to make them accessible—and 2 million will require retrofitting by 2030. Retrofitting includes relocating living space to a single floor and replacing stairs with ramps.

Simple retrofits, according to the Insight, such as grab bars and pull-out cabinets, can cost on average $100-$270. Complex retrofits, however—a bathroom remodel, for instance—can cost between $5,600 and $13,000.

Some homes, as well, are unable to be retrofitted at all. Fifty-seven percent of homes in the Northeast—which tend to be older than homes in other regions—can accommodate single floor living, compared to 73 percent in the Midwest and 80 percent in the Southwest and West.

“Nearly a quarter of all baby boomers are going to be faced with the financial realities of aging in place, which can range from a few hundred to thousands of dollars,” says Sean Becketti, Freddie Mac chief economist. “Of course, the cost depends on the type and condition of the home. Many older homes, such as many of the Colonial-style homes common in the Northeast and Midwest, may not be good candidates for retrofitting. For some of them, aging in place until the bitter end may not even be a possibility. Like Bette Davis said: ‘Old age is not for sissies.'”

According to the Joint Center for Housing Studies (JCHS) at Harvard University, only 3.5 percent of homes today have accessible features.

Source: Freddie Mac

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

The post Aging in Place? Prepare to Pay—or Change Your Mind appeared first on RISMedia.

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Explore America’s Neighborhoods: Mission District, San Francisco

Tue, 2017-02-21 16:28

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

Back when the Spaniards still ran around trying to indoctrinate the Americas, Mission District was first baptized as Misión San Francisco de Asís. The date was 1776, and Father Francisco Palou had just surprised the unsuspecting Yelamu tribe. All the population work done by these Ohlone people for over 2,000 years had dropped to 50 people by 1841. Cause of death? Slave labor. After almost 180 years of struggle, Mission District is San Francisco’s oldest neighborhood. But how did an old Catholic mission become the vibrant enclave it is today?

The groundwork for this bustling neighborhood was laid down by the Gold Rush. The influx in population, thanks to eager newcomers in search of riches, helped develop the area. By the time the Rush was over, California was left with its first baseball stadium, known as Recreation Grounds. Presently, the stadium is part of Garfield Square. Additionally, a 1906 earthquake caused another population shift, reinforcing the steady flow of German and Italian immigrants, as well as opening the floodgates for Polish families.

Today, the neighborhood is predominantly Latino, yet gentrification is attracting hipsters and scenesters alike. You can find them hanging out at bookstores like Dog Eared Books and Modern Times Books. With 75 internationally renowned pieces, the Precita Mural walking tour is one you can’t miss. If you’re a fan of film noir, you can also catch a 1940s flick or unreleased indie at the Roxie.

Mission District is filled with food joints. You can get famous San Franciscan burritos at Taquería Cancún, El Farolito and El Castillito, where tortillas are grilled before being wrapped around your favorite fillings. If you want food other than burritos—although I don’t see why you would—the crepe store Ti Couz and California-Southwestern fusion restaurant Val 21 are other good options.

When the sun goes down and your belly is full, your dancing feet will find their place at jazz venues like the Elbo Room. For the more electronic ear, Dr. Bombay’s is a sure bet. If you’re more into bars, the Make Out Room is the place to be, while Kilowatt is a quieter and more relaxed option. And don’t worry: the coffee culture is explosive and ever-changing, perfect to jolt up some energy when you’re trying to make the most of your visit after a long night out.

Sources: SanFrancisco.com, TheCultureTrip.com

Gabrielle van Welie is RISMedia’s editorial intern. Email her your real estate news ideas at gvanwelie@rismedia.com.

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

The post Explore America’s Neighborhoods: Mission District, San Francisco appeared first on RISMedia.

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Austrian court approves extradition of Ukrainian oligarch tied to Trump campaign adviser - Washington Post

Tue, 2017-02-21 15:44


Washington Post

Austrian court approves extradition of Ukrainian oligarch tied to Trump campaign adviser
Washington Post
Firtash had previously weighed teaming up with American investors and political strategist Paul Manafort, who for a time managed Donald Trump's presidential campaign, to buy high-end real estate in the United States, including the famous Drake Hotel in ...
Ukraine oligarch Dmytro Firtash faces extradition to USBBC News

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Categories: Europe

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