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Heartland Financial USA, Inc. (NASDAQ:HTLF) Files An 8-K Departure of Directors or Certain Officers; Election of ... - Market Exclusive

Tue, 2017-02-21 13:49


Heartland Financial USA, Inc. (NASDAQ:HTLF) Files An 8-K Departure of Directors or Certain Officers; Election of ...
Market Exclusive
Its loans include commercial, commercial real estate and consumer loans. Its securities portfolio consists of United States Government corporations and agencies, mortgage-backed securities and other securities. Its deposit products include checking and ...

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Categories: USA

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The story behind ‘Cards Against Real Estate’ (and where to find it)

Tue, 2017-02-21 13:12

Are "passive-aggressive hashtags" or "Alex Perriello's morning routine" the future of real estate? And what would you rather give your clients for a closing gift: Leigh Brown's potty mouth or Brad Inman's priceless collection of bolos ...

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A luxury consumer brand takes flight: The Arlo Skye story

Tue, 2017-02-21 12:02

"The idea behind luxury is that it's timeless," said luxury luggage brand CEO and co-founder Mayur Bhatnagar on stage at Inman Connect New York. Hear how he built his brand to appeal to high-end customers ...

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Zillow Group will add buyer’s agent ads to StreetEasy listings

Tue, 2017-02-21 11:16

StreetEasy -- the New York City listing portal that Zillow Group bought for $50 million -- will soon tack lead forms onto listings that connect consumers with buyer's agents who advertise with Zillow Group ...

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Peruvians make up 2% of Florida's real-estate investments - Andina - Agencia Peruana de Noticias

Tue, 2017-02-21 10:36


Andina - Agencia Peruana de Noticias

Peruvians make up 2% of Florida's real-estate investments
Andina - Agencia Peruana de Noticias
Lima, Feb. 21. Peruvians currently account for 2% of real-estate investments made in the State of Florida (the United States), Invertir USA Expo 2017 organizer Daniel Rosenthal informed. In terms of Latinos' participation in said housing market ...

Categories: USA

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Should real estate agents discount their commission if a seller finds the buyer?

Tue, 2017-02-21 10:28

Aaron Wittenstein sometimes cuts his commission by a quarter or more if a seller client brings an unrepresented buyer to the closing table ...

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Ukraine oligarch Dmytro Firtash faces extradition to US - BBC News

Tue, 2017-02-21 10:04


Ukraine oligarch Dmytro Firtash faces extradition to US
BBC News
... ruling, the Upper State Court said the final decision would be made by Justice Minister Wolfgang Brandstetter. Mr Firtash was arrested after the latest ruling, although prosecutors said it was on a European warrant relating to allegations of links ...

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Categories: Europe

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Macy's: Sales declines will continue - USA TODAY

Tue, 2017-02-21 08:47


USA TODAY

Macy's: Sales declines will continue
USA TODAY
Macy's, which has been shuttering stores in the wake of falling foot traffic, projected another year of declining sales as it struggles to compete with online competitors. For the 2017 fiscal year, Macy's projected comparable sales to fall between 2 ...
Press Release - Macy's, Inc. - investorsinvestors - Macy's, Inc.

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Categories: USA

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No office, 100% commission: How an 18-state virtual brokerage makes money

Tue, 2017-02-21 06:00

Fathom Realty founder and CEO, Joshua Harley, doesn't like to use the term "100-percent commission brokerage" to describe his fast-growing firm because these companies have reputations as simply "license warehouses," he says ...

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3 important factors to weigh when valuing and selling land by itself

Tue, 2017-02-21 05:55

Often, we sell homes with only secondary interest in the land they are built on. In my market, and perhaps in yours, there are opportunities to sell land by itself. ...

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‘Money will never replace hard work’: 10 questions with top producer Patti Mahoney

Tue, 2017-02-21 05:30

F.C. Tucker broker Angela Raab interviews Patti Mahoney, a top producer in Noblesville, Indiana, who dives into her systems and philosophies for success. ...

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What it takes to get your housing cooperative offer accepted

Tue, 2017-02-21 04:50

First-time homebuyers often look for easy ways to alleviate the sticker shock of buying an apartment or townhouse, especially in New York City ...

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Listing Bits: Innovation and growth in real estate software

Tue, 2017-02-21 04:50

In Greg Robertson's inaugural Listing Bits podcast, he interviews David Friedman, a self-described "Jewish kid from New York," who about 12-years ago came across an industry space that was far behind the technology curve: the real estate brokerage ...

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Daily market update: February 21, 2017

Tue, 2017-02-21 03:00

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

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Debt risk in China's real estate industry within control: Analysts - Chinadaily USA

Tue, 2017-02-21 01:09


Chinadaily USA

Debt risk in China's real estate industry within control: Analysts
Chinadaily USA
BEIJING - The looming debt risks in China's real estate industry are generally within control, analysts said Monday, calling for more attention on businesses' increasingly diversified financing channels. At a seminar hosted by the Xinhua-owned China ...

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Europe's richest families snap up Canadian commercial real estate - The Globe and Mail

Mon, 2017-02-20 16:50


The Globe and Mail

Europe's richest families snap up Canadian commercial real estate
The Globe and Mail
Europe's wealthiest families have discovered Canadian commercial real estate as a safe haven investment, snapping up landmark properties in Toronto, Vancouver and Montreal over the past year, in part because of concerns about the European Union's ...

Categories: Europe

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Behind the sale: Wayne Gretzky's $6 million Los Angeles estate - Inman.com

Mon, 2017-02-20 16:10


Inman.com

Behind the sale: Wayne Gretzky's $6 million Los Angeles estate
Inman.com
Some real estate professionals have deemed 2017 as “the year of the luxury real estate,” and that certainly is true for Engel and Völkers USA agent Nicole Van Parys, who recently served as the listing agent for hockey great Wayne Gretzky's expansive ...

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Categories: USA

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Housing Costs Take Up Biggest Share of Income since 2010

Mon, 2017-02-20 16:09

Appreciating home values and rising interest rates inflated the typical monthly mortgage payment $68 in 2016, up to $758, according to a recent analysis by Zillow, with approximately 16 percent of the median household income now needed for housing each month—the biggest share since 2010.

“As mortgage rates rise, buyers will face higher financing costs and already expensive homes will come with even higher monthly mortgage payments,” says Dr. Svenja Gudell, Zillow chief economist. “Nationally, mortgage rates still have room to grow before the share of income needed to pay the median monthly mortgage reaches the historical average, but many more expensive coastal markets are either close to or have exceeded what has been considered historically affordable.”

Housing costs in the Los Angeles-Long Beach-Anaheim, San Jose and San Francisco, Calif., markets gobble up the biggest pieces of the pie: 43.0 percent, 42.6 percent, and 42.2 percent of the median household income, in order. Historically, housing in Los Angeles called for 35.2 percent of the median income.

Housing costs in the Indianapolis, Ind., and Pittsburgh, Pa., markets take the smallest share: 11.2 percent of the median household income.

Approximately 29 percent of the median household income is now needed for rent each month, according to the analysis.

“On the rental side, rent appreciation has slowed lately, giving renters’ incomes a chance to catch up, as many are already committing a larger share of their income to a monthly rental payment,” Gudell says.

The markets with rental costs comprising the biggest share of the median household income are Los Angeles-Long Beach-Anaheim and San Francisco, Calif., and New York, N.Y., at 48.5 percent, 43.8 percent and 40.5 percent, in order.

Housing and rental costs in the top metropolitan areas:

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

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

The post Housing Costs Take Up Biggest Share of Income since 2010 appeared first on RISMedia.

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A Hands-On Approach to Real Estate Success

Mon, 2017-02-20 16:08

In the following interview, Walter F. Perschbacher IV, vice president of Branch Development for Greenridge Realty, a member of Leading Real Estate Companies of the World® in Grand Rapids, Mich., discusses the Western Michigan market, social media marketing, and more.

Region Served: Western Michigan
Years in Real Estate: 13
Number of Offices: 19
Number of Agents: 400
Favorite Way to Unwind: Golf when it’s warm enough, or cooking for friends

How does your company stay flexible and current?
We’re family-owned and -operated—and have been all the way through—which allows us to make decisions more quickly than we could if we were dealing with a national brand. We also have a leadership team that’s made up of our owners and a 15-person management team, both of which allow us to easily come together to discuss what’s happening in our local market. Being a part of Leading Real Estate Companies of the World® (LeadingRE®) and The Realty Alliance is also instrumental when it comes to staying flexible and current.

How does your company make its agents’ jobs easier?
Our management team’s hands-on approach to managing our agents through coaching and accountability is critical. The management team is responsible for putting individual accountability programs together for the agents who want them, in addition to providing goal-setting and coaching meetings. We also provide a full-service marketing department so our agents can spend their time out in the field where they’re most important, rather than being stuck in the office creating marketing materials, prospecting plans and working their CRM. As we make our way through 2017, we’re planning to expand our offerings in this area, giving our agents more access to it so they can truly focus on building and establishing relationships. We also created and instituted a new mission statement: We Care. Not only is it simple and easy to remember, but also, our agents can use it in their listing presentations and talk to it in public.

What is one of the challenges your market faces, and what are you doing to overcome it?
We’re still very much in a seller’s market, with a market supply that currently stands at 1.9 months (at press time). To combat the tight listing supply, we’re constantly looking at areas where clients are trying to find homes—or areas where we aren’t capturing as much of the listing inventory as we have in the past. We also hold listing contests among our offices to rally our agents and keep them going.

In what ways are you using social media?
While our agents are actively involved with various social media platforms, we have an agent marketing/branding specialist to help them with their social media campaigns. This individual is in charge of our social media plan at the company level, as well, offering a centralized approach to our social media channels, blog, etc. In addition, my partner and I take advantage of video to stay in touch with our agents on a weekly basis. A company-wide initiative that came about as a direct recommendation from our agents, these videos offer an easy way to share pertinent information or update our agents in regard to what’s happening in the industry.

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

Paige Tepping is RISMedia’s managing editor. Email her your real estate news ideas at paige@rismedia.com.

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

The post A Hands-On Approach to Real Estate Success appeared first on RISMedia.

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Cobie Smulders Sells $1.425 Million Los Feliz Property to Demetri Martin

Mon, 2017-02-20 16:06

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

Now that Cobie Smulders isn’t busy playing not-the-mother in “How I Met Your Mother,” she’s moved on to better things—like investing in a $991,000 triplex that she just sold for $1.425 million to comedian Demetri Martin.

The property is divided into two townhouses. Each of them comes with two bedrooms, one bathroom and hardwood floors, and a top-notch interior to match the 1922 Southern Colonial-style facade. Other amenities include office space, a two-car garage with a separate carriage house above, office space and a studio.

Altogether, the “Daily Show” comedian now owns 2,300 square feet amounting to six bedrooms, five bathrooms and a low-maintenance, yet fully functional patio. It’s set up with a trellis and built-in benches.

Listed for: $1.499 million
Listed by: Andrew Rhoda

Credit: Los Angeles Times

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 Cobie Smulders Sells $1.425 Million Los Feliz Property to Demetri Martin appeared first on RISMedia.

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