Real estate news

• Hoffmann Commercial Real Estate snatches up two more buildings near Third Street for $6.25 million - Naples Daily News

  07-08-2017 23:52
  Naples Daily News
  Hoffmann Commercial Real Estate snatches up two more buildings near Third Street for $6.25 million
  Naples Daily News
  The St. Louis-based real estate holding company, a division of Osprey Capital, has purchased two of five buildings it had under contract on or near Third Street South for $6.25 million. The properties it has closed on are 393 Broad Ave. S. and 375 13th ...
  
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• Fannie, Freddie fail Dodd-Frank severe stress test

  07-08-2017 23:36
  The Federal Housing Finance Agency released the latest results for Fannie Mae and Freddie Mac’s stress test. The results showed the GSEs would need a combined total of nearly $100 billion to bail them out in the case of a severe economic crisis.
  
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• PREVIEW: South Carolina Island Real Estate Special Report - WMBF

  07-08-2017 23:23
  WMBF
  PREVIEW: South Carolina Island Real Estate Special Report
  WMBF
  CHARLESTON, SC (WMBF) – When you hear “Long Island,” you probably don't think of Charleston, but sure enough, nestled into the South Carolina coast lies a private island – and it's for sale. The historic Long Island dates back to the civil war. Current ...
  
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• California Realtors to Freddie: Don't support investors in the single-family home rental market

  07-08-2017 23:21
  The California Association of Realtors called out Freddie Mac’s pending entrance into the single-family home rental market, saying the move goes directly against helping homebuyers.Fannie Mae unveiled a similar initiative back at the beginning of the years, but Freddie boasts that its program will be different.
  
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• Increase your real estate company's valuation in 5 easy steps - Inman.com

  07-08-2017 22:47
  Increase your real estate company's valuation in 5 easy steps
  Inman.com
  SAN FRANCISCO -- Your company's valuation is arguably the most important number in your business. Calculating the economic value of your company -- the thing you've worked so long and hard to perfect -- can be very personal. Steve Murray presented at ...
  
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• San Jose real estate investors buy mansion-lined San Francisco street - The Mercury News

  07-08-2017 22:42
  The Mercury News
  San Jose real estate investors buy mansion-lined San Francisco street
  The Mercury News
  Presidio Terrace in San Francisco is a private gated street, lined by mansions. The block-long enclave — the street itself, as well as the sidewalks, parking spaces and common gardens — has been purchased by a pair of San Jose real estate investors ...
  Real-estate speculators bought the road and sidewalk in a gated wealthy San Francisco enclaveBoing Boing
  Real estate investor buys
  
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• July Jobs Report Signals Riper Conditions for Housing

  07-08-2017 22:02
  The U.S. economy added 209,000 jobs in July, the Labor Department recently reported, flouting expectations and signaling riper conditions for the housing market. The unemployment rate retreated to 4.3 percent, a low, and hourly wages on average went up 0.3 percent to $26.36.
  “[July’s] strong jobs report showed some good news,” says Danielle Hale, chief economist for realtor.com®. “A strong job market and extra dollars in the pockets of many workers should further bols
  
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• Confidence in Housing Sags as Sellers Shy Away

  07-08-2017 21:59
  Confidence in housing sagged in July in the Fannie Mae Home Purchase Sentiment Index® (HPSI), with optimism weakening for both homebuyers and sellers due to limiting economic factors and unaffordability. The HPSI overall posted 86.8, down 1.5 percentage points from June, when the Index reached a second all-time high.
  The share of homebuyers surveyed for the Index who believe now is a good time to buy dropped seven percentage points to 23 percent—an Index low. The share of sellers surve
  
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• Here are the top 10 best metros for home flippers

  07-08-2017 21:55
  Home flipping reached its highest point since 2007 and profits increased to the highest level since 2000. A new study from WalletHub showed the top 10 best markets for home flipping.
  
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• Education Linked to Homeownership in More Ways Than One

  07-08-2017 21:50
  Countless case studies have established a connection between education and homeownership: generally, college graduates are more likely to own a home than non-graduates. A new study out of Trulia now shows that career stage, level of education and location can have varying degrees of influence on homeownership rates.
  Being college-educated typically boosts earning potential, which opens up housing options in terms of affordability and size. The median income for bachelor’s degree-holders is
  
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• Garden State Home Loans transitions from a mortgage broker to mortgage lender

  07-08-2017 21:01
  Garden State Home Loans announced it is transitioning from a mortgage broker to a mortgage lender in order to expand its reach. Based in Cherry Hill, New Jersey, Garden State Home Loans stated that being a broker limited its control over the quality of service.
  
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• Real estate industry, TRData wants to hear from you - The Real Deal Magazine

  07-08-2017 19:51
  The Real Deal Magazine
  Real estate industry, TRData wants to hear from you
  The Real Deal Magazine
  A month ago, TRData launched a new data service allowing readers of The Real Deal to download invaluable information about New York City real estate. So far we've released packages ranging from a ranking of title insurers to a detailed Williamsburg ...
  
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• BLJ: Commercial real estate still abuzz - Buffalo Business First

  07-08-2017 19:25
  Buffalo Business First
  BLJ: Commercial real estate still abuzz
  Buffalo Business First
  Commercial real estate in Buffalo is a hot commodity and it shows no signs of slowing down. That's good news for Phillips Lytle LLP, which has 39 attorneys who focus on real estate matters. The Buffalo law firm is in the top spot on The List in this ...
  
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• Mid America Mortgage promotes Kara Lamphere to chief operating officer

  07-08-2017 18:55
  "Mid America has been at the forefront of the push towards fully electronic mortgages, and to have played a role in that effort has been both challenging and rewarding. As COO, I am excited for the opportunity to challenge myself further in the industry and to aid Mid America in its continued success," Lamphere said.
  
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• Despite all odds, housing market continues to make gains

  07-08-2017 18:55
  Although home prices are skyrocketing amid housing inventory that is hitting all-time lows, the overall housing market continues to make gains as housing activity picked up in the second quarter. But builder troubles continue, holding back housing permits.
  
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• Norfolk County Registry of Deeds announces July real estate activity - Wicked Local Dedham

  07-08-2017 18:27
  Norfolk County Registry of Deeds announces July real estate activity
  Wicked Local Dedham
  Continuing low real estate inventory, higher interest rates and reduced mortgage lending were three major factors which led to a flat real estate market for the month of July, according to Norfolk County Register of Deeds William P. O'Donnell ...and more »
  
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• CFPB gives first glimpse into HMDA portal

  07-08-2017 18:27
  The Consumer Financial Protection Bureau shed a little more light on what compliance with its controversial 2015 updates to the Home Mortgage Disclosure Act rule looks like in a training session last week. With 2017 more than halfway over, the industry’s deadline to become compliant with the updates is coming up quick. Here’s the latest update on how to stay compliant from the bureau.
  
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• Not just fast Wi-Fi: What these NM tech experts say is crucial for real estate - Albuquerque Business First

  07-08-2017 18:17
  Not just fast Wi-Fi: What these NM tech experts say is crucial for real estate
  Albuquerque Business First
  Koert Council is a co-founder of Kosh Solutions. He talked with ABF about the… more. Courtesy Adam Halpern. Local IT experts told ABF how tech influences potential tenants and the common pitfalls they see in real estate.and more »
  
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• Facebook Unveils First Ad Product For Real Estate - Inman - Inman.com

  07-08-2017 18:01
  GeekWire
  Facebook Unveils First Ad Product For Real Estate - Inman
  Inman.com
  Facebook has unveiled its first ad product designed specifically for the real estate industry.
  Facebook ventures into Zillow's territory with targeted real estate ...GeekWire
  Facebook Offers Targeted Real Estate Ads 08/08/2017 - MediaPostMediaPost Communicationsall 4 news articles »
  
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• It starts with rental housing: 3 key considerations for housing finance reform

  07-08-2017 18:00
  [Commentary] Housing finance reform may be making its long-awaited comeback on Capitol Hill. It’s been nearly nine years since the federal government first placed Fannie and Freddie under conservatorship. Housing finance reform is long overdue. If Congress can get it right, it will be well worth the wait. Lawmakers should consider three critical points.
  
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• More Americans than ever say now is a bad time to buy a home

  07-08-2017 17:04
  After hitting its all-time high in June, Fannie Mae’s Home Purchase Sentiment Index decreased in July as less Americans showed confidence in the housing market. Not only do they continue to say now is a bad time to buy a home, but now a higher share also answered that now is a bad time to sell.
  
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• When do AVMs make the most sense?

  07-08-2017 16:58
  One of the largest origination costs for lenders is the appraisal product. Drive-by appraisals or interior appraisals are prohibitively expensive. Many lenders have determined that the “cost” of the valuation is not commensurate with the “value” of the information in the underwriting process. This is why AVMs are returning to dominance in the valuation space for home equity lending.
  
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• Heard on the Street: New real estate office opens on Broadway - Post-Bulletin

  07-08-2017 16:52
  Post-Bulletin
  Heard on the Street: New real estate office opens on Broadway
  Post-Bulletin
  Bush, who handles residential and commercial real estate, launched the office under the name of Bush Cos. and Your Home Concierge brand. It opened on Aug. 1 at 115 N. Broadway. That's the former home of the Kaplan University Rochester Student ...
  
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• 12 Valuable Lessons Real Estate Pros Learned From Their Own Mistakes - Forbes

  07-08-2017 15:03
  Forbes
  12 Valuable Lessons Real Estate Pros Learned From Their Own Mistakes
  Forbes
  Successful executives in the real estate industry from Forbes Real Estate Council share firsthand tips & insights. Forbes Real Estate Council , CommunityVoice. Every business leader is faced with tough decisions and seemingly insurmountable obstacles ...
  
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• Gary Gold: Too much of a good thing hurts your real estate business - Inman.com

  07-08-2017 12:05
  Gary Gold: Too much of a good thing hurts your real estate business
  Inman.com
  If you're a normal, even-keeled real estate agent, this video isn't for you. However, if you are extreme in any way — creative, anal retentive, super organized, overly type A — take note. Reality check: Too much of a good thing is bad. It's bad for ...
  
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• Singapore's Real Estate Is a Hot Property in China - WSJ - Wall Street Journal (subscription)

  07-08-2017 11:48
  Wall Street Journal (subscription)
  Singapore's Real Estate Is a Hot Property in China - WSJ
  Wall Street Journal (subscription)
  Chinese developers and home buyers are targeting the Southeast Asian city-state as prices in Singapore appear poised for a rebound after years of declines.and more »
  
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• Real estate tech firm Redfin has successful IPO under shadow of potential patent suit - IPWatchdog.com

  07-08-2017 11:18
  IPWatchdog.com
  Real estate tech firm Redfin has successful IPO under shadow of potential patent suit
  IPWatchdog.com
  In late July, Seattle, WA-based real estate tech firm Redfin (NASDAQ:RDFN) went public after an initial public offering that exceeded expectations, reaching $15 per share and a total valuation of $138.5 million. The company offers a tech platform for ...
  
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• Top real estate web design trends making their mark on 2017 - Inman.com

  07-08-2017 10:35
  Top real estate web design trends making their mark on 2017
  Inman.com
  We're officially more than halfway through the year. This is always a good time for companies with a website to stop and reflect on the web design trends that have come forth thus far, as well as which ones should be implemented moving forward. Before ...
  
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• Gantner: Rapid growth affecting real estate market - Austin American-Statesman

  07-08-2017 07:03
  Austin American-Statesman
  Gantner: Rapid growth affecting real estate market
  Austin American-Statesman
  As the third youngest state in the United States, Texas is seeing numerous changes in regards to population growth, demographics and housing. James Gaines of the Texas A&M Real Estate Center called 2016 a transitional year following the end of a ...and more »
  
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• Monday Morning Cup of Coffee: Lenders closing low down payment mortgages at 7-year high

  07-08-2017 06:01
  This MMCC is jam-packed! NAR warns of yet another phishing text scam to Realtors. Also, the Trump administration announced reducing the mortgage interest tax deduction isn’t off the table. But it could always be worse. You could lose your home entirely to a Florida sinkhole.
  
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• Real estate tech company aims to replace agents with robots, data ... - Newsday

  07-08-2017 05:57
  Newsday
  Real estate tech company aims to replace agents with robots, data ...
  Newsday
  A real estate technology company that aims to lower the cost of home-selling by using robots and “big data” instead of commission-based real estate agents.and more »
  
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• The Demand for Land Widens

  07-08-2017 00:00
  Finding suitable land at a reasonable price is posing a big challenge for the real estate market. On the other hand, current landowners are...
  
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• 8 Best Cities for Aging in Place

  07-08-2017 00:00
  Retiring baby boomers are modifying their homes so they can live independently for as long as possible. These places have the most listings...
  
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