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Thursday, June 28, 2018

While investing in real estate, beware rules of thumb | The Business Times

While investing in real estate, beware rules of thumb | The Business Times: “I’m looking for a solid single-tenant, NNN investment property at a 10 cap.”� “You know what they say, location, location, location.”� “Buy and hold.� There’s never a good reason to sell.”� “I buy only in the foreclosure market. That’s where the deals are.”� “If you don’t have 35 percent down, don’t buy investment real estate.”

Tuesday, June 26, 2018

Does Hurricane Damage Negatively Impact Your Real Estate Value?

Does Hurricane Damage Negatively Impact Your Real Estate Value?: June 1 officially marked the beginning of hurricane season for 2018. The forecast for this year, according to Colorado State University, will be 14 named storms, six hurricanes, and two major hurricanes. After the devastating hurricane season last year, with over $282 billion in damages, homeowners are considering the consequences of owning real estate on the Atlantic Ocean.

Monday, June 25, 2018

Big data and real estate: New systems save time and money | Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports

Big data and real estate: New systems save time and money | Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports: Big data and real estate are coming together with electronic speed. The house you buy, your mortgage financing, and the broker with whom you buy or sell are increasingly tied together with artificial intelligence (AI), a new technology which is changing the real estate marketplace.

12 Client Relationship Tips That Will Help Your Real Estate Business Flourish

12 Client Relationship Tips That Will Help Your Real Estate Business Flourish: No matter how much technology is available to automate and streamline certain business processes, every industry, at its core, must focus on satisfying human beings. This is especially true in a field like real estate, where customer relationships can make or break a sale — and ultimately, a career.

Sunday, June 24, 2018

RUDD: A way to put your trust in real estate - News - Sarasota Herald-Tribune - Sarasota, FL

RUDD: A way to put your trust in real estate - News - Sarasota Herald-Tribune - Sarasota, FL: There is no question that real estate investment trusts, known as REITs, have been in and out of favor of late. Should you consider investing in one? Warren Buffett would say yes.

A year ago, the National Indemnity Co., a subsidiary of Buffett’s Berkshire Hathaway, invested $377 million in a REIT called Store Capital (STOR), representing a 9.8 percent stake. Store issued 18.6 million shares in a private placement to National Indemnity, at $20.25 per share.

Can My Neighbors Really Park Cars on Their Lawns? - The New York Times

Can My Neighbors Really Park Cars on Their Lawns? - The New York Times

Saturday, June 23, 2018

Real estate tech companies - San Antonio Express-News

Real estate tech companies - San Antonio Express-News: Tammy Anderson wanted to sell her North Side home so her family could move somewhere with more space, but she had a problem: What would she do with her three dogs when potential buyers came for a tour?

“It was absolutely daunting to figure out what to do with the dogs between every showing, and we both work full-time, so trying to keep the house in a showable state — we just didn’t think we could do it,” Anderson said.

Friday, June 22, 2018

The 4 Best Real Estate Mutual Funds for Income Investors | InvestorPlace

The 4 Best Real Estate Mutual Funds for Income Investors | InvestorPlace: These are trying times for investors holding real estate equities and real estate mutual funds. Real estate has one of the smallest sector weights in the S&P 500, but it is also one of its worst offenders this year.

Some real estate mutual funds have been hampered by large allocations to retail estate investment trusts (REITs), one of the most vulnerable corners of the broader real estate universe. Many traditional brick-and-mortar retailers are struggling. Some are going out of business, while others are rapidly closing locations, pinching REITs that own malls and other retail space.

Additionally, the real estate sector is historically inversely correlated to rising interest rates. The Federal Reserve has boosted interest rates five times since the start of 2017, including twice this year. Some bond market observers believe there are two more rate hikes in store before the end of 2018.

Wednesday, June 20, 2018

$40 Million Fund Launched for Real Estate Startups, Tech | Los Angeles Business Journal

$40 Million Fund Launched for Real Estate Startups, Tech | Los Angeles Business Journal: New York-based real estate venture capital firm MetaProp has launched a $40 million fund that has attracted CBRE Group Inc., RXR Realty and Cushman & Wakefield.

MetaProp II is a venture capital fund that invests in early-stage real estate and real estate technology-related firms. The fund closed on June 13.

The new fund reportedly is expected to invest in real estate technology such as 3-D printing, augmented reality, co-working, blockchain among others.

Hot real estate markets to cool in 2020, experts predict – Orange County Register

Hot real estate markets to cool in 2020, experts predict – Orange County Register: Homebuilder James Boyd has no trouble selling the homes he builds. The difficulty is getting them built in the first place.

High lumber costs, regulatory restrictions and a construction worker shortage continue to plague housing developers like Boyd, the Orange County-based president of Toll Brothers’ operations in California and Nevada.

Tuesday, June 19, 2018

Dear Monty: Picking a real estate agent for the wrong reasons

Dear Monty: Picking a real estate agent for the wrong reasons: ​I have a friend who is a real estate broker. She wants to be my agent for a home I currently own and the home I buy when I relocate. She has another job and appears overwhelmed. She lives two hours from where I am buying, and the house I am selling is four states away. I would like her to profit from the commissions. She seems to be financially desperate and not thinking clearly. I am very concerned that if I use another agent, it will compromise our friendship. Would it be permissible to tell her of an agent I hear of that I have not contacted and let her approach him and then she can get a referral? Or is it advisable to use her and see the houses on my own and hand out her business card so she can get the commission?

Sunday, June 17, 2018

Realtors play integral roles in helping house hunters and owners sell, buy properties | | postandcourier.com

Realtors play integral roles in helping house hunters and owners sell, buy properties | | postandcourier.com: Among the big ticket items of life, selling a house ranks up there with, well, buying a home in the first place.

Homeowners often work with a real estate agent for home sales, relying on the professional to put the house on the market at a list price, show the property to prospective buyers, write up contracts on possible purchases and track the sale through to closing.

Saturday, June 16, 2018

China Responds Against Soybeans, Pork After US Slaps Tariffs on Chinese Technology

China Responds Against Soybeans, Pork After US Slaps Tariffs on Chinese Technology: Leaders from the American Soybean Association could only respond in dismay Friday after President Donald Trump announced he was going ahead with $34 billion in tariffs against Chinese technology products because China wasted little time Friday imposing a 25% tariff on U.S. soybeans and other agricultural products.

The Trump administration announced Friday morning that it would place a 25% tariff on goods that contain "industrially significant technologies." These include products under China's "Made in China 2025" strategy. The U.S. can no longer tolerate losing technology and intellectual property to unfair economic practices, the White House stated. The administration also said it was preparing tariff lines on another $16 billion in Chinese goods that would be announced later this summer.

All Things Real Estate: Disclosure challenge requires unlikely scenario

All Things Real Estate: Disclosure challenge requires unlikely scenario: Q: We sold our house in late 2016. We used a real estate agent and the whole process went pretty smoothly. Today we got a letter from two people we’ve never heard of demanding that we pay $18,500 to them for repairs to the house. Apparently the people we sold the house to have resold it to this couple and now they’re demanding money from us for failing to disclose problems with the foundation. We never knew the house had foundation problems and, even if we did, these aren’t the people we sold the house to. How can somebody we’ve never even met sue us for failing to disclose something to them?

Friday, June 15, 2018

Palm Beach real estate: Lakefront estate sells for $41.3 million

Palm Beach real estate: Lakefront estate sells for $41.3 million: A sprawling lakefront compound with architecture recalling a Venetian palace has sold on�Palm Beach’s Billionaire’s Row for more than $41 million, according to the deed recorded by the�Palm�Beach�County�Clerk’s office.
Private-equity specialist Thompson Dean and his wife, Caroline, bought 1485 S. Ocean Blvd., the deed shows. Thompson Dean is managing partner and CEO of�Avista Capital Partners.�The New York City-based firm has more than $6 billion invested in health-care companies, according to its�website.

Thursday, June 14, 2018

Real estate surge helps Lubbock economy's strong start in 2018 - News - Lubbock Avalanche-Journal - Lubbock, TX

Real estate surge helps Lubbock economy's strong start in 2018 - News - Lubbock Avalanche-Journal - Lubbock, TX: The Lubbock economy experienced a positive start to the year, with many trends to be proud of, reported Lubbock National Bank at its monthly economic index presentation on Wednesday.

Down payments squeezing potential homebuyers: real estate expert | Fox Business

Down payments squeezing potential homebuyers: real estate expert | Fox Business: A word of advice for those looking to buy a home: don’t try to time the�housing market Opens a New Window. , according to Dottie Herman, the CEO of Douglas Elliman Real Estate, one of America’s largest real estate firms.

Wednesday, June 13, 2018

Sumner real estate prices level out, but inventory is still low

Sumner real estate prices level out, but inventory is still low: Home prices in Sumner County are taking a breather from their relentless growth, making this a good time to buy. But that might not be as easy as it sounds, real estate industry professional say

Tuesday, June 12, 2018

Why San Francisco fintech HouseCanary seeks to upend traditional real estate appraisals - San Francisco Business Times

Why San Francisco fintech HouseCanary seeks to upend traditional real estate appraisals - San Francisco Business Times: Anyone who has questioned the accuracy of an appraisal of their own property, typically based on three nearby comparable sales, can appreciate the opportunity for a better valuation model.

Real estate investors hold classes for budding entrepreneurs | 13 WTHR Indianapolis

Real estate investors hold classes for budding entrepreneurs | 13 WTHR Indianapolis: Budding entrepreneurs are in class learning how to buy and sell real estate.

"I didn't know very much about this and we miss a lot of opportunities by not knowing, so when we see people trying to share information with you I think it's an awesome thing," said Elizabeth Bennett, Indianapolis.

"It's a passion of mine to be able to educate people on the different avenues you can use real estate to build wealth," said Keith Safford of K & T Investment Developments.

Safford is half of K & T. He and Tony McDaniel are part of the growing effort to improve the housing and commercial landscape of Indianapolis.

Compass Continues to Reinvent Real Estate Across Northern Virginia | ARLnow.com

Compass Continues to Reinvent Real Estate Across Northern Virginia | ARLnow.com: Since expanding into Virginia in December 2017, Compass Real Estate has quickly grown their Arlington team to over 40 agents, set new record sales and announced their launch into the Alexandria market. Compass Arlington now holds the #2 spot for market share in home sales priced over $1M.

Pairing the industry’s top agents with proprietary technology, Compass offers a smarter, more seamless solution to selling or finding your home — from Arlington to McLean to Alexandria and all points in between.

Sunday, June 10, 2018

Real Estate Talk with Denise Kopasz: Shopping for a Home in Today's Internet World | CapeCodToday.com

Real Estate Talk with Denise Kopasz: Shopping for a Home in Today's Internet World | CapeCodToday.com: When you are looking to buy a home you have to make so many choices and decisions. ��When I work with clients I ask them to consider where they want their home to be located and how much they want to spend . �That is just the beginning of the process and since most people do not have time to drive around and look at homes that do not meet their requirements I am always diligent about learning the needs and wants of my buyers.

Redfin CEO explains why competitors in growing online real estate market should fear him - Business Insider

Redfin CEO explains why competitors in growing online real estate market should fear him - Business Insider

Wednesday, June 06, 2018

Real estate property manager and developer JLL launches a $100 million tech investment fund | TechCrunch

Real estate property manager and developer JLL launches a $100 million tech investment fund | TechCrunch: The multi-billion-dollar real estate developer and property manager JLL is getting into the tech investment game with the launch of a new $100 million fund run by corporate subsidiary JLL Spark.

Initially envisioned as a technology-focused business unit of the multinational real estate company, the firm eventually turned to the more traditional venture capital investment model as a way to get more exposure to all of the new technologies that are coming to market, according to JLL Spark’s co-chief executive, Mihir Shah.

Tuesday, June 05, 2018

Why A Workshop In D.C. Is So Important to America's Real Estate Industry

Why A Workshop In D.C. Is So Important to America's Real Estate Industry: The FTC and DOJ are convening bigwigs from Zillow, Redfin and more to evaluate the state of listings and competition. The findings could shape the industry's future

Canyon Partners Real Estate and Pasadena-based CIT Bank Buy Harvey Apartments in Hollywood | Los Angeles Business Journal

Canyon Partners Real Estate and Pasadena-based CIT Bank Buy Harvey Apartments in Hollywood | Los Angeles Business Journal: Century City-based investment firm Canyon Partners Real Estate and Pasadena-based CIT Bank have purchased the Harvey Apartments in Hollywood.

The purchase of the four-story, 177-unit apartment building that includes 1,900 square feet of ground retail space at 5640 Santa Monica Blvd. was consummated via the Canyon Multifamily Impact Fund III, a joint venture between Canyon and CIT Bank. CIT’s real estate finance business provided a $20.4 million senior loan to fund the purchase as well as capital improvements.

Monday, June 04, 2018

Commercial Real Estate Growing More Diverse | GlobeSt.com

Commercial Real Estate Growing More Diverse | GlobeSt.com: Not so long ago, most commercial real estate firms were behind their counterparts in other industries when it came to fostering diversity. But a sea change has come over the real estate industry, and most firms have decided that to fully succeed in the modern business world, women and minorities have to play a bigger role in deal making and other operations. At the same time, a new generation has flooded the workplace, and companies need to change their use of office spaces and methods of working to attract and retain these new recruits. As a result, modern commercial real estate firms don’t resemble the companies of the past, but these changes have made it easier to succeed with clients, many of which have also put more emphasis on diversity.

Business Monday: Declining real estate inventory means seller’s market in Aspen area | AspenTimes.com

Business Monday: Declining real estate inventory means seller’s market in Aspen area | AspenTimes.com: It's a seller's market in Aspen-area real estate because of the continued decline in inventory.

That's been a common theme among property brokers keeping an eye on the dips and rises in the local market, which has seen residential inventory drop 40 percent over the past five years.

Sunday, June 03, 2018

Las Vegas’ housing market reaches most heated levels in years – Las Vegas Review-Journal

Las Vegas’ housing market reaches most heated levels in years – Las Vegas Review-Journal: Seven or eight years ago, Las Vegas’ housing market was all but dead.

Banks were foreclosing on homes all over town, property values were plunging, and developers were walking away from unfinished projects.

Today? The market has reached the most heated levels in years.

Hot Property: Tyra Banks doubles down in Pacific Palisades

Hot Property: Tyra Banks doubles down in Pacific Palisades: After catching the home-buying bug in recent years, Tyra Banks is giving her real estate portfolio a makeover once again. The model and television personality has listed two Pacific Palisades homes for sale and divested herself of a town home in the area.

Saturday, June 02, 2018

Litter on a stick? Real estate agent fined $2,750 for too many open house signs – Orange County Register

Litter on a stick? Real estate agent fined $2,750 for too many open house signs – Orange County Register: Jerry Del Mauro hoped to score a $1.4 million sale last month when he staged an open house near the water in Huntington Beach.

Instead of a sale, the Re/Max agent got a $2,750 fine for putting out too many open house signs.

Del Mauro said he had no choice. The house sat on an island at the end of a semi-desolate street almost 2 miles from the nearest traffic light. To guide buyers to his open house, he put out some�18�signs — 11 more than the city typically�allows.

A city code enforcement officer spotted the signs and issued a citation, fining him $250 per “excessive” sign.

“These open house sign laws are getting out of control,” said one of the 140 comments on Del Mauro’s Facebook post following the citation.

Commercial Real Estate Deal Volume Up, But Headwinds Are Blowing

Commercial Real Estate Deal Volume Up, But Headwinds Are Blowing: Volume for the quarter, which reached $107 billion, was down 14 percent from the previous three months.

Friday, June 01, 2018

Six Ways To Find More Cash Buyers For Your Real Estate

Six Ways To Find More Cash Buyers For Your Real Estate: hutterstock

They say “cash is king” when it comes to real estate. For those try to sell homes and flip houses, it’s cash buyers who rule. They are vitally important in the current market and can make moving property far easier. So how do active real estate investors, agents and other property owners find more cash buyers for their deals?

To Gauge Long-Term Health of a Real Estate Market, Look Beyond Sales Prices - Mansion Global

To Gauge Long-Term Health of a Real Estate Market, Look Beyond Sales Prices - Mansion Global: When gauging the health of a real estate market, it’s tempting to focus on sales numbers, and median and average prices. But to determine the resiliency of a location, and the potential for returns on investment, there are indicators beyond sales prices and supply and demand that should be factored into your calculus, experts say.