Real estate news

• Wells Fargo names Hope Hardison chief administrative officer

  18-06-2015 23:12
  
  Wells Fargo will soon have a new chief administrative officer. Pat Callahan, who currently serves as chief administrative officer, told the bank that she intends to retire later this year, after a 38-year career with the company. Succeeding Callahan will be Hope Hardison, who currently leads human resources at Wells Fargo.
  
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• 10 tips for first-time homebuyers

  18-06-2015 23:02
  
  Homebuyers are caught in a storm of low inventory, high demand and tight credit availability right now. In these market conditions, even simple tactics can make the difference between owning a home or not. For starters, here are 10 tips.
  
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• Senior home equity nears $4 trillion as home values rise

  18-06-2015 22:36
  
  Home equity, and mortgage debt of homeowners 62 and older, has reached 189.67, its highest level since Q1 2007, according to the National Reverse Mortgage Lending Association/RiskSpan Reverse Mortgage Market Index.
  
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• Sen. Rand Paul’s radical tax bill would eliminate all deductions, except mortgages

  18-06-2015 22:17
  
  No stranger to offering proposals that might be considered left of center (or right of center, as it were), Sen. Rand Paul, R-KY, authored a commentary in today’s Wall St. Journal, in which he writes that the entire U.S. tax code needs to be abolished.
  
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• Why This Real Estate App Is Making New York Brokers Nervous | Fast Company ... - Fast Company

  18-06-2015 22:10
  
  Fast Company
  Why This Real Estate App Is Making New York Brokers Nervous | Fast Company ...
  Fast Company
  Compass, which merges data analytics with its in-house agents, just got a major nod from the Manhattan Chamber of Commerce. By John Paul Titlow. Talk about disruptive. Since launching 18 months ago, Compass—a real estate listing app for iOS and ...and more »
  
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• Why This Real Estate App Is Making New York Brokers Nervous - Fast Company

  18-06-2015 22:10
  
  Fast Company
  Why This Real Estate App Is Making New York Brokers Nervous
  Fast Company
  Compass, which merges data analytics with its in-house agents, just got a major nod from the Manhattan Chamber of Commerce. By John Paul Titlow. Talk about disruptive. Since launching 18 months ago, Compass—a real estate listing app for iOS and ...and more »
  
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• Mortgage Bankers Association adds 21 new members in April and May

  18-06-2015 21:58
  
  The Mortgage Bankers Association announced that it welcomed 21 new members into its ranks in the months of April and May, bringing its total membership to more than 2,200 companies.
  
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• Redfin: Homes sold in May at near 2013 pace as price growth slowed

  18-06-2015 21:41
  
  Homes sold at their fastest pace in nearly two years, with the typical property on the market only 28 days in May, down from 32 in April, according to the latest from Redfin. Good news to you?
  
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• How does Uber's employee vs. contractor battle affect real estate? | Inman - Inman.com

  18-06-2015 21:33
  
  How does Uber's employee vs. contractor battle affect real estate? | Inman
  Inman.com
  California courts have ruled that one Uber driver is no longer considered an independent contractor -- she's an employee. This could have big implications for real estate if a pending case decides to use this as a precedent. The California Labor ...and more »
  
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• Why KC's minimum wage is a big real estate issue - Kansas City Business Journal - Kansas City Business Journal

  18-06-2015 21:19
  
  Why KC's minimum wage is a big real estate issue - Kansas City Business Journal
  Kansas City Business Journal
  The leader of a Kansas City commercial real estate organization warns that increasing the minimum wage in the city could douse its sizzling industrial market by chasing away development, prospective tenants and existing firms. Of the relocating firms, ...and more »
  
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• Real estate agents and brokers to gain weapon against patent trolls - Inman.com

  18-06-2015 21:01
  
  Real estate agents and brokers to gain weapon against patent trolls
  Inman.com
  Every real estate professional dreads it: the arrival of a "patent troll" demand letter that can only mean their hard-earned dollars will go to lawyers instead of their business. "Patent trolls" or "nonpracticing entities" — companies that don't ...and more »
  
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• The Epicenter of Donald Trump's Real Estate Empire, Mapped - Trump Watch ... - Curbed NY

  18-06-2015 20:46
  
  The Real Deal Magazine (blog)
  The Epicenter of Donald Trump's Real Estate Empire, Mapped - Trump Watch ...
  Curbed NY
  The name Donald Trump means a lot of things to a lot of people. Swoopy overcombed hair. The man who's always rumored to buy NYCHA. Obnoxious and nonsensical Twitter ranter. The suit who says "You're fired!" A widespread eponymous real estate ...
  Donald Trump Net Worth | Donald Trump Real Estate - The Real DealThe Real Deal Magazine (blog)all 671 news ar
  
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• STORE Capital buys real estate affiliated with Sahara Sam's Water Oasis ... - Philadelphia Business Journal (blog)

  18-06-2015 20:28
  
  Philadelphia Business Journal (blog)
  STORE Capital buys real estate affiliated with Sahara Sam's Water Oasis ...
  Philadelphia Business Journal (blog)
  The land on which Sahara Sam's Oasis operates in West Berlin, N.J., has been sold to an Arizona real estate investment trust for a little more than $17 million. Single Tenant Operational Real Estate, or STORE Capital, bought an 11.75-acre parcel at 535 ...
  
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• U.S. Real Estate Showcase | Real Deal in Shanghai - The Real Deal - The Real Deal Magazine (blog)

  18-06-2015 20:01
  
  The Real Deal Magazine (blog)
  U.S. Real Estate Showcase | Real Deal in Shanghai - The Real Deal
  The Real Deal Magazine (blog)
  This September, The Real Deal will host China's first-ever U.S. Real Estate Showcase & Forum at the Shangri-La Hotel in Shanghai. The show, taking place from September 10-12, will feature networking events, panels and workshops, designed to give ...
  
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• Real estate ranks are rebounding | The Charlotte Observer The Charlotte Observer - Charlotte Observer

  18-06-2015 19:26
  
  Charlotte Observer
  Real estate ranks are rebounding | The Charlotte Observer The Charlotte Observer
  Charlotte Observer
  At the peak in 2007, the Charlotte Regional Realtor Association had 9,578 Realtor members. At the lowest point in 2012, there were 6,236. Monday, the figure had climbed back to 7,703. | Lynne Sladky AP. Allen Norwood. Real Estate ...
  
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• NYC Market Reports, NYC Real Estate Sales - The Real Deal - The Real Deal Magazine (blog)

  18-06-2015 19:02
  
  NYC Market Reports, NYC Real Estate Sales - The Real Deal
  The Real Deal Magazine (blog)
  The latest batch of reports from around the industry found that rent prices across the city were down slightly in May and the average price for an apartment in Manhattan's top condominium buildings climbed 14 percent year-over-year. Residential. May ...and more »
  
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• Trending Thursday: Conservatorship will never die

  18-06-2015 19:00
  
  People upset with Fannie and Freddie and the FHFA? Check. Counterintuitive survey on financial outlook for minorities? Check. Congressfolks saying the regulators are dropping the ball on diversity? Big check. Read on, traveler.
  
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• MBA, NAR, industry trade groups weigh in on TRID delay

  18-06-2015 18:30
  
  The industry pleaded for a delay, and they got a delay. The industry quickly welcomed the news but that doesn’t mean they are all still fully satisfied.
  
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• Real Estate Sales for Terrebonne Parish: June 13, 2015 | DailyComet.com - Daily Comet

  18-06-2015 18:08
  
  Real Estate Sales for Terrebonne Parish: June 13, 2015 | DailyComet.com
  Daily Comet
  ... • Buyer: Malorie Bergeron, Lucien Oliver; Seller: Cindy B Joffrion, Arthur M Joffrion Jr; Lot 8 Blk 2 Imperial Park Subd; $275,000; Entry#1478233 on 4/15/2015. • Buyer: Andre R Melum; Seller: Jolene M Callais; Lot 22 The Meadows of Sugar Mill Point ...
  Real Estate Mortgages for Terrebonne Parish: June 13, 2015 | HoumaToday.comHouma Courierall 8 news articles »
  
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• TRID, discrimination and accountability: The appalling CFPB double standard

  18-06-2015 17:00
  
  Let me say what a whole lot of people are thinking: This is emblematic of the ongoing hypocrisy and double-standards for which the CFPB is notorious, and why change is needed.
  
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• GE Capital Real Estate Offloads Assets Worth Nearly $10B - June 18, 2015 ... - Zacks.com

  18-06-2015 16:44
  GE Capital Real Estate Offloads Assets Worth Nearly $10B - June 18, 2015 ...
  Zacks.com
  Blackstone and Wells Fargo will purchase $22.5 billion of GE's real estate debt and equity assets, as announced by the conglomerate on Apr 10. Further, on May 29, Shinsei Bank acquired a $0.5 billion portfolio of assets in Japan from GE. Transactions ...and more »
  
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• RadioShack Wins Approval of Real Estate Sales - Bankruptcy Beat - WSJ - Wall Street Journal (blog)

  18-06-2015 16:12
  
  Wall Street Journal (blog)
  RadioShack Wins Approval of Real Estate Sales - Bankruptcy Beat - WSJ
  Wall Street Journal (blog)
  The former RadioShack won court approval of the last major transactions of its bankruptcy case: more than $50 million worth of real estate in Texas, California and Maryland. The Wall Street Journal has the Daily Bankruptcy Review article here.and more »
  
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• BP Claim Appeal – Real Estate Developer Exclusion, Policy 468 | Legal ... - Legal Examiner

  18-06-2015 16:07
  
  BP Claim Appeal – Real Estate Developer Exclusion, Policy 468 | Legal ...
  Legal Examiner
  The Settlement Program denied this claim, finding that Claimant is a real estate developer, excluded from the Settlement. Claimant filed for Reconsideration and was denied again on the same grounds. This appeal followed. Claimant is a business engaged ...
  
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• Commercial Real Estate Forecast After The Fed Tightens - Forbes - Forbes

  18-06-2015 16:01
  
  Forbes
  Commercial Real Estate Forecast After The Fed Tightens - Forbes
  Forbes
  Investment real estate has been generally appreciating in this environment of expanding economic activity and low interest rates, but what will happen when the Fed tightens? Commercial investors should be fine for the first and second year of Fed ...and more »
  
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• Commercial Real Estate Forecast After The Fed Tightens - Forbes

  18-06-2015 16:01
  
  Forbes
  Commercial Real Estate Forecast After The Fed Tightens
  Forbes
  Investment real estate has been generally appreciating in this environment of expanding economic activity and low interest rates, but what will happen when the Fed tightens? Commercial investors should be fine for the first and second year of Fed ...and more »
  
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• Mortgage rates tick down slightly to 4%

  18-06-2015 16:00
  
  Average fixed mortgage rates moving lower from the previous week’s new highs for 2015 while housing data was generally positive, according to the latest from Freddie Mac.
  
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• Some Homeowners Go Solo to Sell Their Real Estate - WSJ - Wall Street Journal

  18-06-2015 15:48
  
  Wall Street Journal
  Some Homeowners Go Solo to Sell Their Real Estate - WSJ
  Wall Street Journal
  Verley Platt, a 72-year-old Philadelphian, decided to go solo. In April, she listed her stone Colonial home—sans real-estate agent—for $1.1 million. A quick sale at asking price, she figured, could save her $66,000 in agent commissions—worth all the ...
  
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• Bridgeton property sells for $530K | South Jersey real estate | NJ.com - NJ.com

  18-06-2015 15:21
  
  Bridgeton property sells for $530K | South Jersey real estate | NJ.com
  NJ.com
  ALLOWAY TWP. — Cedar St., Jon L. and Dorothy D. Hall to John J. and Michele L. Ferry for $125,000. BRIDGETON. — 150 W. Park Dr., Patricia M. White to Raul Garcia for $118,000. — 108 York St., Wells Fargo Bank to Calogero DiFranco for $35,000.
  
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• Macy's Real Estate Has Shareholders Salivating - WSJ - Wall Street Journal

  18-06-2015 12:33
  
  Wall Street Journal
  Macy's Real Estate Has Shareholders Salivating - WSJ
  Wall Street Journal
  A string of recent deals has resurrected an old investment idea: that much of the value in retail lies in the bricks and mortar. The most recent came Monday when Hudson's Bay Co. HBC -1.07 % agreed to acquire the German department store chain Galeria ...and more »
  
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• Macy's Real Estate Has Shareholders Salivating - Wall Street Journal

  18-06-2015 12:33
  
  Wall Street Journal
  Macy's Real Estate Has Shareholders Salivating
  Wall Street Journal
  A string of recent deals has resurrected an old investment idea: that much of the value in retail lies in the bricks and mortar. The most recent came Monday when Hudson's Bay Co. HBC 2.05 % agreed to acquire the German department store chain Galeria ...and more »
  
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• New Program Could Further Boost Chinese Real Estate Investment in U.S. ... - Wall Street Journal (blog)

  18-06-2015 11:56
  
  Wall Street Journal (blog)
  New Program Could Further Boost Chinese Real Estate Investment in U.S. ...
  Wall Street Journal (blog)
  For the first time, Chinese buyers surpassed Canadians as the top foreign buyers of U.S. homes, new data show. Their lead over all other foreign homebuyers can only grow, say analysts, especially with a new Beijing-led program coming that will make it ...
  China tops list of foreigners buying US real estate | Asia TimesAsia Times
  Chinese now the BIGGEST foreign bu
  
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• New housing policy foundation breaks silence on housing crisis

  18-06-2015 11:00
  
  Housing and mortgage finance reform either gets shuffled off to arguments in congressional subcommittees that go nowhere, or just plain ignored by policymakers. A new foundation with a power lineup plans to change all that, and they may have the capital to do it.
  
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• Foreclosure activity hits 19-month high on rise in REOs

  18-06-2015 06:01
  
  Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 126,868 U.S. properties in May 2015, up 1% from the previous month and up 16% from a year ago to a 19-month high. Here’s why and what it means.
  
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• Euro crash: Continental real estate on the cheap - New York Post

  18-06-2015 00:41
  New York Post
  Euro crash: Continental real estate on the cheap
  New York Post
  Italy: $22.6K per month. Holiday estate on Lake como 40 minutes from Milan. 4 bedrooms, gym, sauna its own tower. Private boat dock. Contact: John Taylor (john-taylor.com) Photo: Just a few months ago, purchasing a second home in Europe seemed like ...
  
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• Why the Rockaways are real estate's new shore thing | New York Post - New York Post

  18-06-2015 00:38
  New York Post
  Why the Rockaways are real estate's new shore thing | New York Post
  New York Post
  More than two years after Superstorm Sandy pounded its shores — pummeling stately beach homes and bleak housing projects alike — Rockaway Beach, Queens, and its seven miles of oceanfront is seeing a real estate resurgence. Yet this time it's being ...
  
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• Why the Rockaways are real estate's new shore thing - New York Post

  18-06-2015 00:38
  
  New York Post
  Why the Rockaways are real estate's new shore thing
  New York Post
  More than two years after Superstorm Sandy pounded its shores — pummeling stately beach homes and bleak housing projects alike — Rockaway Beach, Queens, and its seven miles of oceanfront is seeing a real estate resurgence. Yet this time it's being ...
  
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• Believe it or not…Barney Frank set to join a bank board

  18-06-2015 00:29
  
  Quick, everyone check outside and make sure pigs aren’t flying! They’re not? Okay, good. Based on the headline in the Wall St. Journal, it looked like the world may be turning upside down right before our very eyes.
  
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