"Real Estate Market & Property News / Investment News"
Thu, 12 Dec 2013 19:29:53 EST
David Murdock lists in Bel Air for $30 Million; an Atlanta estate asks $48 Million; Tommy Hilfiger co-founder Joel Horowitz sells Lake Tahoe estate for $48 million.
Thu, 12 Dec 2013 19:44:43 EST
A Broadway producer in Alabama constructs a dramatic production that's uniquely her own—a $3 million replica of an old English abbey that's filled with British memorabilia and references to her favorite animal.
Thu, 12 Dec 2013 20:48:33 EST
Retirees are flocking to university towns, drawn by the intellectual life, health care and youthful vibes. We go back to school to check out the markets in Austin, Texas; Raleigh-Durham, N.C., and Portland, Ore.
Thu, 12 Dec 2013 22:45:08 EST
A $60 million asking price is being considered for one of the new penthouses atop the Puck Building.
Thu, 12 Dec 2013 22:35:45 EST
Developer Forest City Ratner put in place the first three modules for the new housing at Atlantic Yards in Downtown Brooklyn.
Thu, 12 Dec 2013 20:22:02 EST
Ventless fireplaces are coming out from under the mantel with innovative designs and technology.
Thu, 12 Dec 2013 20:56:09 EST
Hilton Worldwide's CEO says the hotel company expects to introduce a new brand in 2014 aimed at affluent, young travelers by emphasizing style and design.
Thu, 12 Dec 2013 01:05:23 EST
Foreclosure filings hit the lowest level since December 2006 in November, as the housing market continues to improve.
Thu, 12 Dec 2013 16:10:29 EST
This roughly 9-acre estate features a water slide, a putting green and a 12,000-square-foot main house.
Wed, 11 Dec 2013 23:25:40 EST
This teak-wood Thai-style house in Hua Hin, Thailand, includes six bedrooms, a swimming pool and a lush garden.
Thu, 12 Dec 2013 22:04:18 +0000
Last time out we examined the first five of 10 business principles that Chris Smith and Austin Allison, authors of “Peoplework: How to Run a People-First Business in a Digital-First World,” presented in Homes.com’s Secrets of Top Selling Agents webinar, “10 Ways to Grow Your Business in 2014, People First Not Technology.” Smith, co-founder [...]
Thu, 12 Dec 2013 09:44:46 EST
With its origins dating back to the 16th century, this English country home has a game room, a tennis court, a swimming pool and three ponds.
Thu, 12 Dec 2013 06:59:52 EST
Years after the housing market melted down, lenders are lamenting the loss of thin, sleek mortgage application files.
Tue, 10 Dec 2013 23:14:39 EST
Toll Brothers reported a 10% decline in sales contracts in recent weeks, which analysts and even the company partly attributed to sticker-shock on the part of consumers.
Wed, 11 Dec 2013 10:22:14 EST
Insurance giant MetLife and real-estate company UDR agreed to build a $317 million high-rise residential development in San Francisco.
Wed, 11 Dec 2013 21:48:43 +0000
If you are debating on whether you should make an offer on a new home before the New Year, now is the time to stop deliberating and submit your bid. Between 2013 tax benefits, and avoiding mortgage rate roulette and changing lending rules, closing before the end of the year can offer significant financial benefits. [...]
Wed, 11 Dec 2013 01:18:18 EST
Some of Japan's pension funds are moving into the country's newly hot real-estate market in search of higher profits.
Tue, 10 Dec 2013 22:13:56 +0000
If you are a real estate agent and haven’t checked out your online profile lately, you definitely should because chances are somebody else is. And that somebody could very well be a prospective client. According to a recent California Association of REALTORS® study, over 60 percent of consumers Google real estate agents to find out [...]
Mon, 09 Dec 2013 01:30:16 EST
High-end New York metro-area digs, even yachts, are being offered for thousands a day in rent, but aspiring landlords face a long shot.
Mon, 09 Dec 2013 20:56:46 +0000
Markets in 54 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released recently. The index’s nationwide score of .86 indicates that, based on current permits, prices [...]
Sun, 08 Dec 2013 12:36:04 EST
The Federal Housing Administration has announced plans to reduce its stake in the market, an indication it sees some signs of strength in real estate.
Sun, 08 Dec 2013 18:11:38 +0000
The recently released National Association of REALTORS Profile of Home Buyers and Sellers 2013 yielded a variety of interesting facts. When polling consumers about their home-selling experience, the NAR learned that: • Almost half of home sellers traded up to a larger size and higher priced home and 59 percent purchased a newer home. • [...]
Sat, 07 Dec 2013 05:03:01 +0000
The National Association of Home Builders recently release an interesting analysis from the 2012 Survey of Construction (SOC). The raft of data from the Census Bureau shows that on average it takes about 7 months from obtaining a building permit to completing a new single-family home. Looking at the homes completed in 2012, houses built [...]
Fri, 06 Dec 2013 10:14:32 EST
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Fri, 06 Dec 2013 12:36:38 EST
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Thu, 05 Dec 2013 23:17:07 EST
Lured by hopes of a bargain or a speedy sale, more people are braving the auction market to buy and sell high-end properties.
Fri, 06 Dec 2013 18:38:04 EST
Joe Queenan: 'Fabulous Fargo'? Joe Queenan asks: Why do real-estate listings continue to use hyperbolic language that is totally out of step with the times?
Thu, 05 Dec 2013 20:35:36 EST
A villa in the French Riviera lists for $101.9 million; a penthouse in Manhattan's Puck Building sells for $27.5 million; and a historic waterfront property in Annapolis, Md., hits the market for $13.1 million.
Thu, 05 Dec 2013 10:27:22 EST
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Thu, 05 Dec 2013 17:58:37 EST
A housing-market upturn means lenders are luring some upscale home buyers with tempting deals on mortgages; incentives include lower rates and looser qualifying rules, but wealthy home buyers should consider the cost of concessions.
Thu, 05 Dec 2013 18:46:29 EST
The Italian singer-songwriter's three-story home on Italy's Tuscan coast is his retreat from concert tours.
Wed, 04 Dec 2013 19:55:06 EST
As the Chinese economy continues to boom, Chinese are looking abroad to spend money on real estate.
Thu, 05 Dec 2013 21:16:44 +0000
As 2013 comes to an end, now is a great time to look back on your year and figure out what areas of your real estate business you can improve upon and how to increase your number of clients. When it’s time to make resolutions for 2014, one should definitely be to grow your business. [...]
Wed, 04 Dec 2013 23:45:41 +0000
(MCT)—New home sales shot up in October, evidence that buyers nationwide may be absorbing higher mortgage interest rates. Sales of newly built single-family houses rose 25.4% from September to a seasonally adjusted annual rate of 444,000, the Commerce Department said Wednesday. The sharp rise comes after new home sales fell 6.6% in September. Compared [...]
Tue, 03 Dec 2013 21:20:56 EST
A record number of foreign tourists visiting South Korea has fueled in Seoul a hotel boom. But some say an overreliance on visitors from China and Japan leaves the country vulnerable to future overcapacity.
Wed, 04 Dec 2013 11:32:30 EST
Sales of single family homes jump in October.
Tue, 03 Dec 2013 22:13:16 +0000
On November 20, 2013, the final rules on the replacement of the current consumer disclosure forms required under RESPA and the Truth-in-Lending Act were released. The new, integrated Loan Estimate Form and Closing Disclosure Form, called “Know Before You Owe,” will go into effect August 1, 2015. According to the Consumer Financial Protection Bureau [...]
Mon, 02 Dec 2013 14:27:25 EST
Guangzhou R&F Properties has agreed to acquire six parcels in Malaysia for $1.39 billion, becoming the latest Chinese property developer to expand abroad.
Mon, 02 Dec 2013 21:35:18 +0000
Real estate and relocation professionals often expand business services by recognizing market trending and filling underserved needs in their market areas. By capitalizing and building on business models and skill sets already in place, each of the following individuals and their firms developed thriving sub-specialty businesses while also maintaining [...]
Sun, 01 Dec 2013 18:07:03 +0000
The Shark Tank Investor Who Cut Her Teeth in Real Estate Shares Her Frank, Feisty, and Homespun Formula for Success in Business and Life You’ve seen her on TVs ‘Shark Tank’ – the savvy, short-haired blonde investor in her signature power dress and pearls, buying into novice companies over the past five seasons and turning [...]
Wed, 27 Nov 2013 21:03:14 +0000
U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan recently announced that nine communities across the U.S. will receive Choice Neighborhoods Planning Grants. The $4.37 million awarded today provides these communities the resources they need to craft comprehensive, community-driven plans to revitalize and transform public or other HUD-assisted [...]
Tue, 26 Nov 2013 21:53:07 +0000
The ongoing contention regarding the ultimate motives of the major online listing portals recently came to a head during a rousing panel discussion at RISMedia’s Real Estate CEO Exchange earlier this fall. During the session – “The Data Debate: Is Disintermediation a Real Risk?” – the true intentions of the online portals were debated [...]
Mon, 25 Nov 2013 17:52:25 EST
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Mon, 25 Nov 2013 22:09:34 +0000
Although conditions were mixed across the country, pending home sales continued to move lower in October, marking the fifth consecutive monthly decline, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, slipped 0.6 percent to 102.1 in October from an upwardly revised [...]
Sun, 24 Nov 2013 18:09:54 +0000
Freddie Mac recently released its U.S. Economic and Housing Market Outlook for November showing that the major shift for the coming year will be a transition from a refinance-dominated mortgage market to the first purchase-dominated market the industry has seen since 2000. Expect economic growth in the 2.5 to 3.0 percent range, more than 0.5 [...]
Sat, 23 Nov 2013 05:02:17 +0000
Regional Spotlight—Central Ohio home sales are on track to be the second highest year ever, despite the decrease in inventory according to the Columbus REALTORS® Multiple Listing System (MLS). So far, there have been 23,292 homes and condos sold this year between January 1 and October 31. The current record for the first ten months [...]
Fri, 22 Nov 2013 12:52:09 EST
Housing markets are looking frothy and some fear they risk putting entire economies in jeopardy. Here's a look at five markets to watch.
Fri, 22 Nov 2013 06:32:01 EST
Home sales of $5 million or more are common in these wealthy zip codes across the United States.
Thu, 21 Nov 2013 11:37:17 EST
The average rate for a 30-year, fixed-rate mortgage fell to 4.22% this week amid weaker-than-expected manufacturing report and a decline in the overall inflation rate, Freddie Mac reported.
Thu, 21 Nov 2013 22:02:25 +0000
Last time out we examined the power that Twitter could have on growing your business and client base, as emphasized by Katie Lance, CEO and owner of Katie Lance Consulting in Homes.com’s webinar, “Secrets of Top Selling Agents – #Awful @Twitter, Please Help!” Now that you understand the basics, Lance has some other important tips [...]
Wed, 20 Nov 2013 21:53:04 +0000
October witnessed solid price increases, steady inventory and strong demand continuing well into the fall, according to realtor.com®’s data Median list prices were relatively unaffected by the usual seasonal patterns with a strong 7.57 percent increase year over year. National inventory is stabilizing after the dramatic declines seen earlier this [...]
Wed, 20 Nov 2013 21:45:48 +0000
Gloria Nilson & Co. Real Estate, a leading high-end real estate brokerage with 20 offices in New Jersey, has announced it will open its first-ever Pennsylvania office in Washington Crossing. Located within historic Bucks County, at 1075-4 River Road, the office will open in the coming weeks and has been dubbed “The Crossings.” With the [...]
Tue, 19 Nov 2013 11:32:29 EST
How much does it cost to buy a four-bedroom, two-bath home in the U.S.? From $2 million-plus in Malibu to $64,000 in Cleveland, here are cities with biggest extremes, according to Coldwell Banker's annual survey of 1,900 real estate markets.
Tue, 19 Nov 2013 22:03:03 +0000
The Multifamily Production Index (MPI), released recently by the National Association of Home Builders (NAHB), reached 54 in the third quarter, seven points lower than a spike in the second quarter but the seventh consecutive reading above 50. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium [...]
Mon, 18 Nov 2013 22:02:47 +0000
RE/MAX Releases National Housing Report on 52 Metro Areas Following historic seasonal trends, October home sales edged 2.8% lower than September, but still pushed 2.2% higher than sales in October 2012. Median home prices were 11.9% above prices seen last October, according to RE/MAX’s National Housing Report released this week. According to the report, [...]
Sun, 17 Nov 2013 18:09:29 +0000
Strengthening house prices and increased interest rates in metros across the country contributed to lower housing affordability in the third quarter, according to the National Association of Home Builders Housing Opportunity Index (HOI), released recently. In all, 64.5 percent of new and existing homes sold between the beginning of July and end of September [...]
Thu, 14 Nov 2013 11:32:02 EST
Looking to buy a home? Here are five housing markets where the average buyer can't easily afford to buy a home -- and five markets where they can, according to the latest National Association of Home Builders/Wells Fargo Housing Opportunity Index.
Tue, 12 Nov 2013 10:35:21 EST
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Sun, 10 Nov 2013 18:00:40 +0000
Buffini & Company, one of the world’s largest real estate training and coaching companies, recently announced that Dermot Buffini has been appointed Chief Executive Officer of the company. In his new role, Buffini will provide strategic direction for the company’s revenue growth and global operations while leading a seasoned management [...]
Thu, 07 Nov 2013 06:18:04 EST
Rising home ownership has been linked to higher levels of unemployment as people become less willing to move for work, according to a new study.
Tue, 05 Nov 2013 11:10:09 EST
Calculate the return on your home and how it compares to returns on stocks, bonds and overall home prices.
Tue, 05 Nov 2013 11:30:22 EST
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Fri, 01 Nov 2013 11:04:28 EDT
A former bank teller bought her old workplace and turned it into a spectacular home, complete with a bar in one vault and a sauna in the other.
Wed, 30 Oct 2013 20:53:21 +0000
(MCT)—Terrie Suit, Virginia’s first secretary of Veterans Affairs and Homeland Security, will become chief executive officer of the Virginia Association of Realtors, a 29,000-member trade organization based in Henrico County. The association’s board of directors made the announcement Wednesday afternoon after a unanimous vote. The appointment [...]
Wed, 30 Oct 2013 21:02:50 +0000
Realtor.com®, operated by Move, Inc., has unveiled its Turnaround Towns Report for the third quarter of 2013, revealing that the Detroit, Santa Barbara, Calif. and Reno, Nev. markets are currently leading the nation in recovery. The proprietary algorithm used for the report evaluates acceleration in key housing indicators observed on realtor.com® [...]
Tue, 29 Oct 2013 20:32:42 +0000
With nearly a quarter century of experience in the real estate industry under his belt, real estate professional Dave Abdallah has gone from being a staunch skeptic of home warranties to one of the nation’s top selling advocates of the diverse protection plans. In fact, Abdallah, with CENTURY 21 Curran and Christie in Dearborn Heights, [...]
Sun, 27 Oct 2013 17:09:29 +0000
Nationally speaking, the real estate recovery has taken a firm hold, to the point of inventory shortages and bidding wars in many locations across the country. However, regional scenarios vary greatly, demonstrating unique market trends that must be tapped in order to fully capitalize on the real estate upswing. During RISMedia’s Real Estate CEO Exchange, [...]
Wed, 23 Oct 2013 20:37:14 +0000
Freddie Mac recently released its U.S. Economic and Housing Market Outlook for October showing that the federal government shutdown, debt ceiling issues, and the slowing economy — including the severely depressed level of new home construction — are slowing the housing recovery heading into the fourth quarter of the year. “The housing [...]
Sun, 13 Oct 2013 17:05:37 +0000
The keys to success are self-definition, transparency, authenticity and accountability. – Simon Mainwaring I recently attended a Better Homes and Gardens® Real Estate conference where that quote and the meaning behind accountability took on a whole new meaning for me. A word many of us tend to shy away from due to a perceived negative [...]
Sun, 13 Oct 2013 17:06:38 +0000
RISMedia is pleased to announce that NFL Hall of Fame quarterback Steve Young will be this year’s special celebrity guest speaker at the company’s annual Power Broker Reception & Dinner honoring the nation’s top 500 brokerage firms. The event will take place on Friday, November 8th in San Francisco during the annual NAR Convention and [...]
Tue, 08 Oct 2013 20:25:10 +0000
Revenue-generating trends, profitability success strategies to be discussed by top real estate execs Nov. 8th in San Francisco At RISMedia’s 18th Annual Power Broker Forum, real estate’s top executives and brokers will gather to exchange ideas and strategies for maximizing success in today’s recovering housing market. The Forum will take place [...]
Mon, 30 Sep 2013 20:46:35 +0000
The Power Broker Roundtable is brought to you by the National Association of Realtors® and Jeff Barnett, NAR’s Liaison for Large Residential Firms Relations. Watch for this column each month, where we address broker issues, concerns and milestones. For most of us, it’s been a gratifying summer. Phones ringing…buyers bidding…inventory in growing [...]
Tue, 17 Sep 2013 20:00:41 +0000
The Independent Community Bankers of America® (ICBA) released this statement following the Consumer Financial Protection Bureau’s (CFPB) release of finalized amendments and clarifications to the comprehensive mortgage rules it released in January. “The CFPB has taken important measures to minimize the negative impact of new mortgage regulations [...]
Tue, 17 Sep 2013 20:04:55 +0000
NAR PULSE–Searching for ideas to give your business a jump? The upcoming Sales and Marketing Webinar Summit offered on Oct. 17 will teach you how to attract clients using video on your iPad, harness the power of photo marketing using Pinterest and Instagram, and become an automated and paperless real estate professional and much more! [...]
Tue, 17 Sep 2013 20:03:41 +0000
Rising inventory, slow-and-steady price increases signal healthier outlook in most markets Realtor.com®, a leader in online real estate operated by Move, Inc., has released the realtor.com® National Housing Trend Report for August 2013. As the year’s peak home-buying season comes to a close, key market indicators point to a shift in the dynamics [...]
Sat, 14 Sep 2013 04:01:08 +0000
Mortgage Returns, a provider of CRM technology and automated marketing solutions for the mortgage industry, announced the company has launched its Business Analysis Reports, an in-depth report giving mortgage originators’ marketing departments information on production statistics, marketing ROI, customer retention and loan officer performance that [...]
Thu, 12 Sep 2013 20:55:44 +0000
With foreclosure sales in rapid decline nationwide and in high demand in many fast-rising markets, a report released this week by mortgage technology company FNC indicates that housing demand by trade-up buyers is rising as the home equity available to these prospective buyers is improving. According to FNC’s Foreclosure Market Report, the foreclosure [...]
Mon, 09 Sep 2013 22:07:10 +0000
The total volume of home refinances decreased slightly in the second quarter of 2013 and refinances through the Home Affordable Refinance Program (HARP) also declined somewhat, according to the Federal Housing Finance Agency’s Second Quarter 2013 Refinance Report. Total refinance volume was just below 1.3 million while HARP refinances stood at close [...]
Mon, 09 Sep 2013 22:09:33 +0000
“Visualize your success” is something we hear a lot of these days. However, we don’t always know how to make our visualizations powerful enough so that they become a reality. Myth: “I’ll believe it when I see it” Fact: “You’ll see it when you believe it” The first step in any visualization process [...]
Thu, 29 Aug 2013 20:39:16 +0000
As today’s real estate industry continues to become more cut-throat, real estate professionals are re-evaluating their marketing tactics to set themselves apart from the competition. Let’s face it; a buyer or seller’s first impression of you weighs heavily on their decision to choose you or the next guy, so you’ve got to stand out! Effective [...]
Mon, 15 Oct 2012 13:43:35 EDT
These terrific small cities offer what American families care about most -- strong job opportunities, great schools, low crime, quality health care, and plenty to do. And they're true communities too