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Phone:
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Fax:
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Sen. Bernie Sanders calls federal investigation of wife 'pathetic' - USA TODAY

USA Real Estate News - Wed, 2017-06-28 19:48

USA TODAY

Sen. Bernie Sanders calls federal investigation of wife 'pathetic'
USA TODAY
At issue is a federal investigation focused on allegations that Jane Sanders made fraudulent claims and assurances while seeking $10 million in financing for a 2010 Burlington College real estate deal. The inquiry was first reported this spring by the ...

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Home Savi, RezList and Realicity: Will these 3 new real estate startups defy the odds?

USA Real Estate News-Inman - Wed, 2017-06-28 16:43
Real estate startups touting revolutionary low-fee models are coming out of the woodwork these days. Most of their predecessors have fizzled because they haven't provided the expertise and handholding that have proven time and again to matter to most consumers ...

1 in 3 homebuyers making offers sight-unseen: Takeaways for real estate agents

USA Real Estate News-Inman - Wed, 2017-06-28 16:16
With properties selling like hotcakes, one out of three recent homebuyers made an offer on a home without seeing it in person, according to a new survey from high-tech brokerage Redfin. The finding underscores how leveraging new marketing technology and serving up as much property data and imagery as possible can benefit agents while marking a striking generational shift toward pulling the trigger from afar ...

Police: Inmate shot dead after attacking officer at Vanderbilt clinic - USA TODAY

USA Real Estate News - Wed, 2017-06-28 15:24

USA TODAY

Police: Inmate shot dead after attacking officer at Vanderbilt clinic
USA TODAY
... four or five police cars come up behind me,” forcing him into the parking lot near 100 Oaks as they responded, he said in a phone interview with USA TODAY NETWORK-Tennessee. “We were just trapped,” said Balduf, who also works as a real estate agent.

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Inmate dead after cop-involved shooting at Vanderbilt clinic - USA TODAY

USA Real Estate News - Wed, 2017-06-28 15:24

USA TODAY

Inmate dead after cop-involved shooting at Vanderbilt clinic
USA TODAY
... four or five police cars come up behind me,” forcing him into the parking lot near 100 Oaks as they responded, he said in a phone interview with USA TODAY NETWORK-Tennessee. “We were just trapped,” said Balduf, who also works as a real estate agent.
Inmate killed after attacking officer at Vanderbilt's 100 Oaks campus, officials sayThe Tennessean

all 39 news articles »

Pending Home Sales Flop

USA Real Estate News-RISMedia - Wed, 2017-06-28 15:07

Pending home sales flopped in May as inventory continued to drag on the housing market, down 0.8 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The PHSI posted 108.5 in May, down from 109.4 in April. The Index is based on contract signings.

The ongoing supply shortages that are propping up home prices in many metro areas caused pending home sales in May to slump for the third consecutive month, according to the National Association of Realtors. (PRNewsfoto/National Association of Realtors)

“Monthly closings have recently been oscillating back and forth, but this third consecutive decline in contract activity implies a possible topping off in sales,” says Lawrence Yun, chief economist at NAR. “Buyer interest is solid, but there is just not enough supply to satisfy demand. Prospective buyers are being sidelined by both limited choices and home prices that are climbing too fast.”

The Midwest was the only region to see no change in the Index in May, at 104.5. The West saw a 1.3 percent decrease in the Index to 98.6, while the South saw a 1.2 percent decrease to 123.4, and the Northeast, a 0.8 percent decrease to 96.4.

The situation is dire for the most affordable homes, according to Yun, with sales of homes between $100,000 and $250,000 up just 2 percent and sales of homes under $100,000 down 7.2 percent year-over-year.

“The lack of listings in the affordable price range are creating lopsided conditions in many areas where investors and repeat buyers with larger down payments are making up a bulk of the sales activity,” Yun says. “Meanwhile, many prospective first-time buyers can’t catch a break. Prices are going up and there’s intense competition for the homes they’re financially able to purchase.

“A much higher share of homeowners compared to a year ago think now is a good time to sell, but until they do, sales will likely stay flat and low inventory will keep price growth moving swiftly,” says Yun.

Joseph Kirchner, Ph.D., realtor.com® senior economist, said that while the reported decline in contract signings is the third monthly slip in a row and could be evidence of a downward trend, he added there is no reason to panic.

“For one, the pending home sales index has been relatively stagnant since 2015, and has dropped to this level during that time,” says Kirchner. “Plus the numbers aren’t a perfect gauge of what’s actually happening in the market. Sales can continue to grow while pending sales numbers are going down if the time between signing a contract and officially closing the sale shortens.

“However, [these] numbers are yet another indication that the lack of homes for sale is having a major, negative impact on the market,” he continues. “The future direction will be brighter if and when we see a significant uptick in inventory, but that unfortunately doesn’t seem to be right around the corner.”

For more information, please visit www.nar.realtor.

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

The post Pending Home Sales Flop appeared first on RISMedia.

Trulia: Limited Listings, Limited Window

USA Real Estate News-RISMedia - Wed, 2017-06-28 15:05

Housing markets most squeezed by inventory shortages in recent years are seeing listings come off the market in record time.

The recently released Trulia® Inventory and Price Watch identifies an ongoing trend in the housing market: the more inventory declines, the less time homes spend on the market. Supply kept falling in the second quarter of 2017, down 8.9 percent year-over-year, marking a record nine quarters in a row.

According to Trulia, there is a link between the movement of available inventory and the days homes stay on-market, with fewer homes on the market after two months in areas where supply has dropped significantly in the last five years.

Trulia Inventory and Price Watch Q2 2017 (PRNewsfoto/Trulia)

Current inventory conditions are also eroding affordability, especially for first-time homebuyers in the market for starter homes, which would require 39.1 percent of their monthly income. Buying a trade-up home, to compare, would require 26 percent of monthly income, and buying a premium home would require 14.3 percent of monthly income.

“Markets that have witnessed larger decreases in inventory have experienced larger declines in the share of homes still sitting on the market after two months,” says Ralph McLaughlin, chief economist at Trulia. “With these declines, falling inventory has also pushed affordability of homes across all segments to new post-recession lows.

“As inventory continues shrink, the few homes that are available are flying off the market within a couple of months,” McLaughlin says. “In the tightest markets in California, only one in four homes are still on the market after two months. Clearly, this spring [did] not bringing the inventory relief buyers so desperately need. In today’s frenzied market, buyers must be prepared to 1), move fast, 2) be flexible with sellers’ timelines, and 3) make multiple offers.”

For more information, please visit www.trulia.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 Trulia: Limited Listings, Limited Window appeared first on RISMedia.

Hispanics to Begin Bridging Gap in Homeownership Rate

USA Real Estate News-RISMedia - Wed, 2017-06-28 15:04

The Hispanic homeownership rate is trailing behind the white homeownership rate, at 26 percent below the white homeownership rate in 2015—a catch-up, though gradual, from 29 percent in 1995.

Hispanics could, however, make strides to bridge the gap in the future, according to a recent Insight from Freddie Mac. The Insight determines the disparity between the Hispanic homeownership rate and the white homeownership rate will lessen 3 percent by 2025 and 5.1 percent by 2035, with differing shares for long-time residents and new immigrants. (Homeownership rates tend to be low among new immigrants, but become higher with time.)

Age, education and income impact the homeownership rate, attributable to the majority of the gap. There is an 11-year difference, for instance, in the average age of whites and Hispanics of Mexican origin.

“For decades, the homeownership rate of Hispanics has remained more than 20 percentage points below the rate for whites,” says Sean Becketti, chief economist at Freddie Mac. “This gap has narrowed in the last 25 years, but very slowly.

“These populations are growing and aging at different rates, with the average age of whites increasing by six years over the next 45 years compared to nearly 10 years for Hispanics. If these Census projections about age distributions are realized, the white/Hispanic homeownership gap is likely to narrow by 20 percent by 2035. In addition, changes in other factors like income and education should further reduce the Hispanic homeownership gap.”

Source: Freddie Mac

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

The post Hispanics to Begin Bridging Gap in Homeownership Rate appeared first on RISMedia.

New Ad Campaign Encourages Consumers to ‘Get REALTOR®’

USA Real Estate News-RISMedia - Wed, 2017-06-28 15:03

As a real estate broker, you’re affiliated with two key brand identities—your office’s brand (whether independent or franchised) and the REALTOR® brand, shared with thousands of other brokerages. The REALTOR® brand is an important and impressive membership mark that identifies you and your agents as upholding a strict Code of Ethics while serving as consumer advocates in real estate transactions.

A New Century
The REALTOR® brand has a long and distinguished history spanning more than 100 years. The National Association of REALTORS® (NAR) fully recognizes the importance of being good stewards of this asset so every member will continue gaining value from their affiliation with the REALTOR® mark. NAR’s Consumer Advertising campaign has sought to educate consumers on the distinction of the REALTOR® mark as well as the importance of using a REALTOR® in their real estate transactions.

In recent years, however, a new generation of consumers has emerged along with new communication styles across all age groups. To make the REALTOR® brand more relevant to contemporary audiences while also increasing the perceived value of REALTORS® in today’s evolving digital landscape, NAR conducted a national search for a new advertising firm that had strong experience in modernizing legacy brands.

Campaign Development
In 2015, Arnold Worldwide was chosen to develop a new consumer advertising campaign. They began by conducting consumer research around the home-buying process. One of the insights gleaned during the research was that consumers were initially very excited when they began searching online for homes; however, that excitement shifted to anxiety when they had to reach out to a real estate agent. This was true for both younger and older buyers.

Once consumers cleared this hurdle and found a desirable property, their enthusiasm returned. Based on these findings, the new ‘Get REALTOR®’ campaign addresses the anxious feelings consumers experience when contacting an agent. Specifically, the ads shape consumers’ perceptions of REALTORS® in two key ways:

Approachable – REALTORS® are friendly and easy to talk to (and know what they’re talking about).

Trustworthy partners – REALTORS® have your best interests at heart and are unflinching optimists, while also being staunch client advocates.

The first TV ads featured Phil Dunphy (played by Ty Burrell) from ABC’s hit show “Modern Family,” who is the epitome of an approachable, helpful, knowledgeable real estate professional. In a series of 15- and 30-second spots titled “Phil’s-osophies,” Dunphy humorously engages consumers about all the ways REALTORS® provide value in the home-buying and -selling process.

Since the “Phil’s-osophies” campaign began airing, the ads have driven 1.1 million visits to the Find-a-REALTOR® page on realtor.com®, and follow-up research showed that 88 percent of consumers who saw the ads were more likely to contact a REALTOR®. Research also found that ads resonated strongly with consumers, especially millennials, as well as members of NAR, particularly those that were familiar with “Modern Family.”

The Get REALTOR® campaign also engages consumers directly in the digital and social space with consumer-facing social media accounts on Facebook, Twitter, and Instagram. Locate and follow the accounts by using the handle @Realtors.

Phase Two
The new ads maintain the same humorous tone, but prioritize the message that REALTORS® are trustworthy partners who bring unflinching optimism to the real estate process.

With an anthem-like feel, the ads proclaim “Homeownership: We Were Made for This,” portraying REALTORS® as flag-bearers in the American Dream. Watch for them across network and cable TV.

New: Advertising Benefits for Members, Too
The Get REALTOR® campaign also includes 200 pieces of entertaining and highly shareable content that members can post on their own social media accounts. To access these assets, go to www.NAR.realtor/adcenter and complete a one-time registration.

Within the Ad Center, you’ll also find convenient tools for scheduling content, in advance, freeing you up to focus on other matters while the ads work on building your personal following and engagement.

For more information, please visit www.NAR.realtor/consumer-advertising-campaign.

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

The post New Ad Campaign Encourages Consumers to ‘Get REALTOR®’ appeared first on RISMedia.

Correction: Google-Europe story - News On 6

Europe Real Estate News - Wed, 2017-06-28 13:48

Correction: Google-Europe story
News On 6
A spokesman for the wife of U.S. Sen. Bernie Sanders says she has hired a lawyer as federal investigators examine a real estate deal involving a Vermont college she once ran.More >>. A spokesman for the wife of U.S. Sen. Bernie Sanders says she has ...

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McMansion Hell blogger fighting back in Zillow listing photo battle

USA Real Estate News-Inman - Wed, 2017-06-28 13:00
Do you need permission to make fun of listing photos on the internet? That question has real estate pros divided and may lead real estate giant Zillow Group into yet another legal battle over listing photo copyrights. This week, Zillow Group, a company whose market cap currently stands at $8.9 billion, sent a cease-and-desist letter to 23-year-old graduate student and blogger Kate Wagner demanding that that she remove photos obtained from Zillow from her popular architecture criticism blog McMansion Hell ...

10 things your clients should know before moving to a newly built home

USA Real Estate News-Inman - Wed, 2017-06-28 13:00
Getting clients into a newly built home can be thrilling, but there are things you, and they, need to know ahead of time to help them have the best experience possible. You'll be able to help clients move into their house feeling confident that you've done everything to ensure it will be a home by staying involved in the process with a little research. ...

Mingling business and White House, Trump holds $10 million fundraiser at Trump hotel - USA TODAY

USA Real Estate News - Wed, 2017-06-28 11:42

USA TODAY

Mingling business and White House, Trump holds $10 million fundraiser at Trump hotel
USA TODAY
The decision to hold a fundraiser at the Trump venue has raised alarms from ethics lawyers, who have repeatedly criticized the president's decision to retain a financial interest in his global real-estate and branding empire. Trump's fundraiser at his ...

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Mingling business and White House, Trump to hold campaign fundraiser at Trump hotel - USA TODAY

USA Real Estate News - Wed, 2017-06-28 11:42

Mingling business and White House, Trump to hold campaign fundraiser at Trump hotel
USA TODAY
The decision to hold a fundraiser at the Trump venue has raised alarms from ethics lawyers, who have repeatedly criticized the president's decision to retain a financial interest in his global real-estate and branding empire. Trump's fundraiser at his ...

and more »

For-profit charter operator lobbies for workplace schools - Charlotte Observer

USA Real Estate News - Wed, 2017-06-28 11:31

For-profit charter operator lobbies for workplace schools
Charlotte Observer
As profit-driven charter school management companies seek growth opportunities, one of the country's largest for-profit firms is lobbying North Carolina legislators to create a new market for a type of school only rarely attempted. The North Carolina ...

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Property Panorama aims to give agent listings a big SEO boost

USA Real Estate News-Inman - Wed, 2017-06-28 11:16
The same search engine optimization tool used by Zillow, realtor.com and other aggregators is now being used by a major producer of virtual tours to allow agents to once again deliver homes for sale directly to would-be buyers ...

NAR: Pending home sales plummet for third consecutive month

USA Real Estate News-Inman - Wed, 2017-06-28 11:11
“Monthly closings have recently been oscillating back and forth, but this third consecutive decline in contract activity implies a possible topping off in sales,” said NAR Chief Economist Lawrence Yun. “Buyer interest is solid, but there is just not enough supply to satisfy demand. Prospective buyers are being sidelined by both limited choices and home prices that are climbing too fast.” ...

Only 14% Of Speakers At European Real Estate Events Are Female. This Organisation Will Change That - Bisnow

Europe Real Estate News - Wed, 2017-06-28 10:46

Bisnow

Only 14% Of Speakers At European Real Estate Events Are Female. This Organisation Will Change That
Bisnow
“Women currently represent just 14% of speakers at real estate events across Europe,” said Grubesic, former director of event marketing and special programmes at the Urban Land Institute. “This significantly underestimates the contribution female ...

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Companies struggle to recover after massive cyberattack with ransom demands - Washington Post

Europe Real Estate News - Wed, 2017-06-28 10:04

The San Diego Union-Tribune

Companies struggle to recover after massive cyberattack with ransom demands
Washington Post
France's biggest bank, BNP Paribas, said Wednesday that its real estate unit, which provides services to corporations around Europe, was hit. “The international cyber attack hit our non-bank subsidiary, Real Estate. The necessary measures have been ...
Major cyber attack spreads across Europe to the USThe San Diego Union-Tribune

all 1,749 news articles »

Pending home sales tumble as supply crisis hits sales - USA TODAY

USA Real Estate News - Wed, 2017-06-28 10:03

USA TODAY

Pending home sales tumble as supply crisis hits sales
USA TODAY
The inventory crisis is worst on the low end of the market, where demand is highest. The number of starter and trade-up homes currently on the market is down 15.6% and 13% respectively, compared to a year ago, according to Trulia, a real estate website.
Pending home sales tumble as supply crisis worsensCNBC

all 43 news articles »
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