Real estate news

• September numbers show Wilmington real estate reaching pre-crash highs - Lumina News

  12-10-2016 23:52
  
  Lumina News
  September numbers show Wilmington real estate reaching pre-crash highs
  Lumina News
  Real estate in the Wilmington area is approaching high levels not seen since 2005, before the market crash three years later that decimated home values and kicked off a recession. “The Wilmington-area real estate market continues to show overall robust ...
  
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• Builder-in-Chief: Erdogan's Real-Estate Dream Drifts to Syria - Bloomberg

  12-10-2016 23:22
  
  Bloomberg
  Builder-in-Chief: Erdogan's Real-Estate Dream Drifts to Syria
  Bloomberg
  Turkey's president looks at northern Syria and sees what others don't: a massive real estate project. Recep Tayyip Erdogan, whose army is attempting to clear 5,000 square kilometers in northern Syria of Islamic State, talks about building entire cities ...and more »
  
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• Scandal-plagued Wells Fargo CEO John Stumpf relinquishes post

  12-10-2016 23:19
  
  After increasing cries for leadership change due to the accounts scandal, Wells Fargo President and CEO John Stumpf just announced he is retiring, effective immediately. The company announced changes to its leadership, as well as who will take Stumpf’s place. Click the headline to read more.
  
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• Guild Mortgage brings in executive to provide marketing leadership

  12-10-2016 22:58
  
  Guild Mortgage Company appointed Wendy Wong as its first senior vice president. The company president and CEO talks about the new position, and what Wong will now be responsible for.
  
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• Report: The Future of Community Building Lies in Women, Immigrants, Retirees

  12-10-2016 22:38
  
  Rising numbers of female executives, affluent immigrants, younger and older workers, and retirees will have a profound influence on community building in the U.S. over the next 10 years, according to a new Urban Land Institute (ULI) report, Demographic Strategies for Real Estate.
  The report, by John Burns Real Estate Consulting LLC, identifies several key trends related to demographics and household formation that will affect real estate investment and development through 2025. Th
  
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• 8 Real Estate Startups to Watch - Forbes

  12-10-2016 22:37
  
  Forbes
  8 Real Estate Startups to Watch
  Forbes
  Entrepreneurs have long been using technology to remove barriers and make time-intensive processes more efficient across many industries, yet real estate innovation has seemed to lag behind. The tried-and-true process of purchasing property has had a ...
  
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• LGBT Agents Weigh in on Impact of Supreme Court Marriage Ruling

  12-10-2016 22:30
  
  Fifteen months after the historic Obergefell v. Hodges Supreme Court ruling on marriage equality, 20 percent of LGBT real estate agents said the court decision has affected their clients’ decision to buy or sell a home, while 28 percent said current anti-LGBT legislation has affected their clients’ choice of communities in which to buy, according to a poll by the National Association of Gay & Lesbian Real Estate Professionals (NAGLREP). The results of the annual poll of NAGLREP m
  
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• Expert Commentary: Major Victory in PHH Case

  12-10-2016 22:25
  
  In a 110-page decision, the Court of Appeals for the District of Columbia (the court) largely agreed with PHH and overruled the decisions of the Consumer Financial Protection Bureau (CFPB).  The court ruled that the structure of the CFPB was unconstitutional, that so-called “captive reinsurance” was permissible, that section 8(c) does in fact contain safe harbors and exemptions, that PHH’s due process was violated, and that there is a statute of limitations for administrat
  
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• Stocks close mixed after Fed minutes; real estate, utilities lead - CNBC

  12-10-2016 22:00
  
  CNBC
  Stocks close mixed after Fed minutes; real estate, utilities lead
  CNBC
  U.S. stocks steadied Wednesday, closing narrowly mixed after the Federal Reserve's September meeting minutes affirmed previous expectations for a possible December rate hike. "We remain where we were: a market still betting Chair Yellen wants a hike in ...and more »
  
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• Understanding Real Estate Property Value – Part 2 - Modest Money (press release) (blog)

  12-10-2016 21:55
  
  Modest Money (press release) (blog)
  Understanding Real Estate Property Value – Part 2
  Modest Money (press release) (blog)
  In this first part of this series, we discussed where to look for and how to determine the property value of real estate. In this article, we'll explore the concept of intrinsic value and the long-term return on investment (ROI) potential that comes ...
  
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• O'Reilly Auto: Share Price Ignores $6.5 Billion In Real Estate Assets - Seeking Alpha

  12-10-2016 21:39
  
  Seeking Alpha
  O'Reilly Auto: Share Price Ignores $6.5 Billion In Real Estate Assets
  Seeking Alpha
  ORLY is a specialty retailer that operates 4,571 stores across the US. Unfortunately, the firm's poor disclosure on real estate has caused the market to ignore its value. By using web-scraping techniques, I extracted the location and square feet of ...and more »
  
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• Williamson real estate supply can't meet demand, so prices rise - Spring Hill Home Page

  12-10-2016 21:32
  
  Spring Hill Home Page
  Williamson real estate supply can't meet demand, so prices rise
  Spring Hill Home Page
  In the same story of the past few months, median home prices rose while total closings dropped in Williamson County in September compared to last year. In three of the last four months now- June, August and September-, the same pattern has emerged.and more »
  
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• FOMC minutes: Some Fed members concerned with prolonged low interest rates

  12-10-2016 21:17
  
  The FOMC released its minutes from September’s meeting, which show that some members voiced concern over prolonged low interest rates. After seeing the minutes, experts predict that the Fed will raise rates at the December meeting.
  
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• How will Wells Fargo's accounts scandal impact its earnings?

  12-10-2016 20:09
  
  Taking a break from the seemingly never-ending bad news on its massive fake account scandal, Wells Fargo is about to release its third-quarter earnings early Friday morning. The bank will have to once again open its doors to the scrutiny of investors as it works to rebuild its tainted reputation.
  
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• Real-estate interests spend big to defeat rental tax spike - Berkeleyside

  12-10-2016 19:41
  
  Berkeleyside
  Real-estate interests spend big to defeat rental tax spike
  Berkeleyside
  Real-estate groups have spent more than $786,000 to defeat a measure that would almost double the business tax landlords pay and to support an alternative measure with a lower tax. Photo: William Newton. Real-estate groups have spent more than ...and more »
  
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• Here are the most mortgaged metros in the U.S.

  12-10-2016 19:34
  
  A new study by LawnStarter shows which metros in the U.S. have the highest percentage of mortgaged homes. Data from the U.S. Census Bureau is used to rank the top 14. California is duly represented, but the metro with the highest percentage of mortgaged homes is somewhat surprising.
  
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• Is Mars craving Goose Island real estate? - Crain's Chicago Business

  12-10-2016 19:11
  
  Is Mars craving Goose Island real estate?
  Crain's Chicago Business
  Photo by CoStar Group Mars has about 2,000 Chicago-area employees, including workers at Wrigley's global headquarters and longtime Global Innovation Center at 1132 W. Blackhawk St. As Mars prepares to launch a new business unit in Chicago, the ...
  
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• Fannie Mae to sell $1.39 billion in non-performing loans

  12-10-2016 17:38
  
  Fannie Mae announced a new sale of non-performing loans made up of five pools with an unpaid principal balance totals $1.39 billion. Here are more details on the loans for sale, and when bids are due.
  
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• What is a Gulfport home doing in The New York Times? - The Sun Herald

  12-10-2016 16:51
  
  The Sun Herald
  What is a Gulfport home doing in The New York Times?
  The Sun Herald
  The kitchen of the Blackwell house in Biloxi has both an island and a peninsula, along with views of the Biloxi River. Imoto/Coldwell Banker Alfonso Real Estate Imoto/Coldwell Banker Alfonso Real Estate. Len and Mary Blackwell said in June 2009 that ...and more »
  
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• Freddie Mac: Millennials key to improving homeownership rate

  12-10-2016 16:32
  
  Despite declining homeownership rates, Freddie Mac is more optimistic about the future of homeownership than some other experts, citing three macroeconomic factors that could make a huge difference.
  
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• S&P's Real Estate Exuberance Looks Irrational - Bloomberg

  12-10-2016 16:28
  
  Bloomberg
  S&P's Real Estate Exuberance Looks Irrational
  Bloomberg
  A. Gary Shilling is president of A. Gary Shilling & Co., a New Jersey consultancy, and author of “The Age of Deleveraging: Investment Strategies for a Decade of Slow Growth and Deflation.” Some portfolios he manages invest in currencies and commodities.and more »
  
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• Bob Knakal on how to win friends and succeed in real estate - The Real Deal Magazine

  12-10-2016 14:11
  
  The Real Deal Magazine
  Bob Knakal on how to win friends and succeed in real estate
  The Real Deal Magazine
  Do you know your credit score? That's not a pitch for FreeCreditReport.com, but a bit of wisdom from one of the industry's veteran brokers. “Without credit cards, [Massey Knakal Realty Services] would've been out of business in '90,” Bob Knakal ...
  
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• Housing Market Forecast : Experts Weigh In On 2017 Real Estate - The Mortgage Reports (blog)

  12-10-2016 13:36
  
  The Mortgage Reports (blog)
  Housing Market Forecast : Experts Weigh In On 2017 Real Estate
  The Mortgage Reports (blog)
  Home values, prices and sales showed some of their strongest numbers since before the economic downturn a few years ago. And mortgage rates were downright cheap. But there's no guarantee favorable conditions for buying and borrowing will continue in ...
  
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• Steak and real estate cook up $73 million deal - Phoenix Business Journal

  12-10-2016 13:16
  Steak and real estate cook up $73 million deal
  Phoenix Business Journal
  Filled with “must read” stories, industry news and reporter insights, exclusive interviews with local business leaders, and expanded Top 25 Lists. Exclusive Online Tools. Research the 3+ year digital archive, and People on the Move leads database download.
  
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• MBA: Mortgage applications reverse course, decrease

  12-10-2016 13:05
  
  The latest decline in mortgage applications is a change from the meager shifts reported over the past two weeks. However, the drop is still in the single digits. The main driver behind the drop: declines in refinance applications.
  
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• Clinton proposes closing real estate loophole, not Trump - Washington Post

  12-10-2016 10:04
  
  Washington Post
  Clinton proposes closing real estate loophole, not Trump
  Washington Post
  SANTA FE, N.M. — Donald Trump's wealth has helped define the 2016 presidential race and it is also shaping the campaign's tax debate. Trump contends he has the expertise to fix the tax code and close loopholes like the ones that may have let him go ...
  Where Clinton and Trump stand on a real estate tax loopholeChristian Science Monitor
  Hillary Clinton Announces New Details of Middle Class Tax Cut
  
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• Santa Clara real estate agent sentenced to 6 months in jail for ... - The Mercury News

  12-10-2016 09:32
  
  The Mercury News
  Santa Clara real estate agent sentenced to 6 months in jail for ...
  The Mercury News
  SAN JOSE — A real estate agent who went on the lam after scamming a family and four banks out of about $750,000 was sentenced Tuesday to more than six ...
  San Jose woman sentenced for scamming $750K in real estate ...KRON4.comall 2 news articles »
  
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• Manhattan-based real estate investment trust invests in Coney Island - Crain's New York Business

  12-10-2016 06:03
  
  Crain's New York Business
  Manhattan-based real estate investment trust invests in Coney Island
  Crain's New York Business
  A new amphiteater and 135 units of affordable housing represent two different land uses along a single Coney Island block that have one thing in common: iStar, a real estate investment trust that is behind both. This summer Manhattan-based iStar—with ...
  
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• Here's how student loan debt plays a role in the future of housing

  12-10-2016 06:01
  
  Student loan debt is playing its biggest role in the mortgage process yet, and it doesn’t look like it’s changing anytime soon. For starters, many Millennials have yet to finish college, and the tail end of the generation is barely 18. New data shows the current problems in housing due to student debt and exactly how big of an issue this is.
  
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• What Really Makes Sellers Want to Move

  12-10-2016 00:00
  Take a look at these seven motivators of potential home sellers. Use them as inspiration to weave into your marketing outreach.
  
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• Study: Open Floor Plans May Expand Waistlines

  12-10-2016 00:00
  One study claims that the popular open floor plan makes it too easy to snack above and beyond what's good for people.
  
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• Rising Mortgage Rates Nip at Loan Demand

  12-10-2016 00:00
  Even the slightest move in mortgage rates appears to be having an impact on loan applications. 
  
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• Landlords Score Big on College Football Locales

  12-10-2016 00:00
  Investor clients may not want to punt on college football — CBRE Group research shows a correlation between good college teams and...
  
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• Association Spars Over Mayor’s Misuse of ‘REALTOR®’

  12-10-2016 00:00
  The mayor of Lompoc, Calif., is refusing to remove the term “REALTOR®” from his campaign materials. The local REALTOR®...
  
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