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Let’s not take the Zillow co-marketing probe as legal advice

Thu, 2017-09-14 17:06

DENVER -- "OK, people: Do not run your businesses based on videos made by mortgage brokers," advised Brian Levy, an attorney at Kattan & Temple, at the RESPRO (Real Estate Settlement Services Providers Council) meeting today. Levy was referring to panicked phone calls he received earlier this year when his clients saw a video that two mortgage brokers put on YouTube ...

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Real estate leaders declare ‘the MLS moment’ is here

Thu, 2017-09-14 17:01

AUSTIN -- It was too early for champagne, but the Council of Multiple Listing Services kicked off its annual conference in a celebratory mood this morning ...

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Trading the Numbers: Percentage Price Oscillator Histogram Below Zero on Shares of USA Real Estate Holding Co ... - Baxter Review

Thu, 2017-09-14 16:55


Trading the Numbers: Percentage Price Oscillator Histogram Below Zero on Shares of USA Real Estate Holding Co ...
Baxter Review
Following the technical signals for USA Real Estate Holding Co (USTC), we have recorded the Percentage Price Oscillator Histogram line below zero. Traders may be using a PPOH reading below zero as a sell indicator. We can also take a look at the ...

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Categories: USA

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Comply or die: How to make sure your co-marketing agreement is legit

Thu, 2017-09-14 16:03

DENVER -- Co-marketing agreements can help agents, brokers, and teams reach a larger audience of prospective buyers. But when forming such an agreement with a settlement service, it’s not enough for the parties involved to know what’s in RESPA (the Real Estate Settlement Procedures Act), a 44-year-old law designed to keep settlement services honest for consumers ...

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Demand for House Rentals Intensifies

Thu, 2017-09-14 15:44

Apartment rents are appreciating less than house rents, thanks to shifting demand for single-family rentals, according to a recent analysis by Zillow. Apartment rents nationally increased a median 0.5 percent, to $1,551, year-over-year—relatively flat—while house rents increased 1.3 percent to $1,404.

Several colliding factors are driving the trend, says Dr. Svenja Gudell, chief economist at Zillow.

“When the market crashed, many families lost homes they owned during the foreclosure crisis, and now may not be able to afford to buy another as home prices rise,” Gudell says. “Those who want to buy are finding it difficult to find the right one, or may need a bit more time to come up with a down payment, but still want the advantage of space that single-family residences often provide. This, coupled with the foreclosure crisis turning millions of homeowners into renters, is a big reason why demand for single-family rental homes has risen over the last few years.”

Renters aged 38 to 52 (Generation X) are exhibiting the strongest demand, with roughly 40 percent renting a house, followed by renters aged 18 to 37 (millennials) at 25 percent and renters aged 73 and older (Silent Generation) at 10 percent.

Demand can be an imperfect indicator of the future, however. Forty-five percent of renters surveyed for the 2017 Zillow Group Consumer Housing Trends Report, soon to be released, have considered renting a house, but just 28 percent followed through on their plan.

The disparity between apartment rent appreciation and house rent appreciation varies from market to market, as well. Apartment rents in Portland, Ore., for example, have depreciated 1.1 percent year-over-year, but house rents have appreciated 4.4 percent. In the top 30 metropolitan areas:

For more information, please visit www.zillow.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 Demand for House Rentals Intensifies appeared first on RISMedia.

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Appraisers Again Burst Homeowner Expectations

Thu, 2017-09-14 15:32

Appraisers again burst homeowner expectations in August, arriving at values 1.35 percent lower than what homeowners expected, according to the latest Quicken Loans’ National Home Price Perception Index (HPPI). The latest Quicken Loans National Home Value Index (HVI) shows appraised values rose 2.64 percent year-over-year.

A summary of the HPPI:
A home’s value, or its perceived value, can influence whether the owner decides to sell the home, refinance or even access some of their equity. However, the HPPI shows not all homeowners understand their home’s current value. Nationally, appraisals in August were 1.35 percent lower than homeowners’ valuations.

Regionally, value perceptions vary widely across the country, from home values being 3 percent higher than homeowners estimated in the West to 3 percent lower than expected in the Midwest and Northeast. A 3 percent difference may seem small, but depending on the local market, it could make a significant impact on value. For instance, a homeowner in Denver may have upwards of $11,000 in additional equity they can access for home improvements or loan consolidation.

“One of the biggest lessons from the HPPI is highlighting how regionalized real estate is,” says Bill Banfield, executive vice president of Capital Markets at Quicken Loans. “Homeowners who have a better understanding of their local housing market can make more informed decisions about their home. After all, their house is not just where they live, but one of their bigger assets.”

A summary of the HVI:
Home values rose again in August, although at the slowest pace in 2017. The HVI, the only measure of home value changes based solely on appraisals, reported that home values increased 0.19 percent in August. Appraisals posted stronger growth when viewed at a year-over-year basis, increasing 2.64 percent.

At a regional level, there was a slight downturn in home values in the South and East— dipping 0.52 percent and 0.58 percent, respectively. The Midwest and West regions each had rising appraisal values, increasing 0.16 percent and 1.34 percent.

“As the sun sets on the summer, some of the intense competition for housing also winds down,” Banfield says. “It’s important to focus on the annual numbers with the HVI. While there can be some monthly variations in the data, especially as seasons start to change, the annual numbers show healthy growth across the country.”

For more information, please visit QuickenLoans.com/Indexes.

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

The post Appraisers Again Burst Homeowner Expectations appeared first on RISMedia.

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Howard Hanna staking bigger claim in Detroit metro

Thu, 2017-09-14 15:31

Detroit real estate is on fire, and it looks like the Motor City's potential is not lost on Howard Hanna, the third largest brokerage in the country by transaction sides ...

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Texas Pacific Land Trust Announces Arbitration Settlement with Chevron USA, Inc. - Business Wire (press release)

Thu, 2017-09-14 15:30


Texas Pacific Land Trust Announces Arbitration Settlement with Chevron USA, Inc.
Business Wire (press release)
Forward-looking statements include statements regarding the Trust's future operations and prospects, the markets for real estate in the areas in which the Trust owns real estate, applicable zoning regulations, the markets for oil and gas, production ...

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Olympic skater Michelle Kwan lists Newport, RI, home for $4.39 million - Boston.com

Thu, 2017-09-14 15:30


Boston.com

Olympic skater Michelle Kwan lists Newport, RI, home for $4.39 million
Boston.com
Kwan has listed her Newport estate, named Casa del Sole, for $4,395,000. The real estate listing says the nearly 2-acre estate includes a Palladian-style villa built in 1900. The 5,000-square-foot home includes four bedrooms and 5.5 baths, as well as a ...

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Categories: USA

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September hotel roundup: The latest openings, renovations, brand updates - USA TODAY

Thu, 2017-09-14 14:38


USA TODAY

September hotel roundup: The latest openings, renovations, brand updates
USA TODAY
In the USA, there are two others: one in New Orleans and one in Tempe, Ariz. Another 90 Moxy deals have been approved worldwide in cities such as Paris, London, Miami and Los Angeles. The new Moxy Times Square, developed by real estate company ...

Categories: USA

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Is HomeServices of America quietly taking over the Mid-Atlantic?

Thu, 2017-09-14 11:42

As an acquisition arms race goes down on the West Coast between Douglas Elliman and Pacific Union, Berkshire Hathway affiliate HomeServices of America (HOA) is making moves in the East ...

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Will Cora Be Prosecuted For Murder In The Finale Of USA Network's 'The Sinner'? - UPROXX

Thu, 2017-09-14 11:42


UPROXX

Will Cora Be Prosecuted For Murder In The Finale Of USA Network's 'The Sinner'?
UPROXX
It was too much for Phoebe's heart, however, so while Cora was being pressured into a three-way with J.D. and Todd (the skeevy real estate broker) Frankie was giving Phoebe heart compressions to revive her. However, in the process of doing so, Frankie ...

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Categories: USA

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Axa Said to Weigh Merger for European Asset Management Unit ... - Bloomberg

Thu, 2017-09-14 11:28


Bloomberg

Axa Said to Weigh Merger for European Asset Management Unit ...
Bloomberg
French insurer Axa SA is reviewing options for its European asset management unit amid consolidation in the sector, according to people familiar with the ...

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Axa Said to Weigh Merger for European Asset Management Unit - Bloomberg

Thu, 2017-09-14 11:28


Bloomberg

Axa Said to Weigh Merger for European Asset Management Unit
Bloomberg
Axa's European asset management business reported annual sales of about 1.2 billion euros ($1.4 billion) in 2016, a 3 percent decline from a year earlier. Paris-based Axa Investment Managers oversaw 735 billion euros in assets as of the end of June, ...

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Categories: Europe

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CCIM Institute and FIABCI-USA Form Collaborative ... - Markets Insider

Thu, 2017-09-14 10:45


CCIM Institute and FIABCI-USA Form Collaborative ...
Markets Insider
Celebrating its 50th anniversary, CCIM Institute further enhanced its global presence with a partnership agreement with the International Real Estate Federation ...

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Categories: USA

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CCIM Institute and FIABCI-USA Form Collaborative PartnershipCommercial real estate's premier professional ... - Markets Insider

Thu, 2017-09-14 10:45


CCIM Institute and FIABCI-USA Form Collaborative PartnershipCommercial real estate's premier professional ...
Markets Insider
Celebrating its 50th anniversary, CCIM Institute further enhanced its global presence with a partnership agreement with the International Real Estate Federation – U.S. Chapter (FIABCI-USA). The strategic collaboration strengthens the opportunities for ...

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Categories: USA

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Brokerages have a long way to go on Realtor safety

Thu, 2017-09-14 10:34

Thirty percent of Realtors said they didn't know if their brokerage had safety procedures, while 26 percent said there weren't any guidelines at all. ...

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Irma spared some islands in Florida Keys and savaged others

Thu, 2017-09-14 10:19

A reported 90 percent of homes in the Florida Keys suffered damage and a quarter of homes on this group of once-paradisal islands have been destroyed ...

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Mediterranean Resort & Hotel Real Estate Forum (MR&H) Launch Top Mediterranean Resort Award - Hospitality Net

Thu, 2017-09-14 10:11


Hospitality Net

Mediterranean Resort & Hotel Real Estate Forum (MR&H) Launch Top Mediterranean Resort Award
Hospitality Net
The Mediterranean Resort & Hotel Real Estate Forum (MR&H) today announced the launch of the inaugural Top Mediterranean Resort Awards created to recognize outstanding mixed-use resorts and developments across the region. ... AccorHotels ...

Categories: Europe

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Unbiased Equity Research: LaSalle Hotel Properties (LHO), Monmouth Real Estate Investment Corporation (MNR) - USA Commerce Daily

Thu, 2017-09-14 08:54


Unbiased Equity Research: LaSalle Hotel Properties (LHO), Monmouth Real Estate Investment Corporation (MNR)
USA Commerce Daily
LaSalle Hotel Properties (NYSE:LHO) appreciated by 1.64% at $29.1, after hitting low of $28.58 in an intra-day trade. LaSalle Hotel Properties has 112.95 million shares outstanding, and in the last trade has seen ATR around 0.51. The volume of LHO ...

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Categories: USA

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