Real estate news

• Livingston Parish real estate market bounces back a year after floods, LSU researcher finds - The Advocate

  07-09-2017 23:55
  The Advocate
  Livingston Parish real estate market bounces back a year after floods, LSU researcher finds
  The Advocate
  Houses and businesses take on water on Range Avenue looking south toward I-12 in the Denham Springs area during severe flooding in Livingston Parish on Sunday August 14, 2016. ORG XMIT: BAT1608141911478162. Advocate staff photo by BILL FEIG.and more »
  
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• Westchester & Fairfield Cheat Sheet: High demand and low inventory define Hudson Valley resi market, Greenwich ... - The Real Deal Magazine

  07-09-2017 23:46
  The Real Deal Magazine
  Westchester & Fairfield Cheat Sheet: High demand and low inventory define Hudson Valley resi market, Greenwich ...
  The Real Deal Magazine
  The summer residential real estate market in Hudson Valley saw high demand from buyers. However, low housing inventory led some homebuyers to desperate measures, including sending flowers and candy to sellers, LoHud reported. “It was extremely ...
  
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• Real Estate Rumors: REIT First Industrial, HNA, Lennar - Law360 (subscription)

  07-09-2017 23:39
  Real Estate Rumors: REIT First Industrial, HNA, Lennar
  Law360 (subscription)
  Law360, Minneapolis (September 7, 2017, 5:39 PM EDT) -- An affiliate of real estate investment trust First Industrial Realty Trust has picked up a Pompano Beach, Florida, warehouse for $22.65 million, according to a report Friday from the South Florida ...and more »
  
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• Equifax reports massive data breach that could impact 143 million consumers

  07-09-2017 23:06
  
  Equifax, one of the nation’s three largest credit reporting agencies, revealed Thursday that it was the victim of a “cybersecurity incident” that potentially impacts as many as 143 million U.S. consumers. The company said that “criminals” had access to the names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers, of approximately 143 million consumers.
  
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• Prime real estate: Amazon looks for 2nd headquarters - Chicago Tribune

  07-09-2017 23:05
  Chicago Tribune
  Prime real estate: Amazon looks for 2nd headquarters
  Chicago Tribune
  The e-commerce giant said that it will spend more than $5 billion to build another headquarters in North America. Amazon will stay put in its sprawling Seattle headquarters, and the new space will be "a full equal" with as many as 50,000 jobs, said ...
  Amazon searching for prime real estate for second $5 billion HQChampaign/Urbana News-Gazette
  Prime real estate: Amazon opens search for 2nd HQEast Oregonian (sub
  
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• Real estate giant Long & Foster sold to HomeServices of America - Inside NoVA

  07-09-2017 22:59
  Inside NoVA
  Real estate giant Long & Foster sold to HomeServices of America
  Inside NoVA
  Chantilly-based Long & Foster Real Estate, one of the region's largest residential real estate companies, has been acquired by HomeServices of America, an affiliate of Berkshire Hathaway. The purchase of Long & Foster Companies includes affiliated ...and more »
  
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• Pasadena Real Estate Firm Chief Appointed Ambassador to Croatia - Los Angeles Business Journal

  07-09-2017 22:58
  Pasadena Real Estate Firm Chief Appointed Ambassador to Croatia
  Los Angeles Business Journal
  Robert Kohorst, president and founder of Pasadena-based real estate firm Everest Properties, was appointed by President Donald Trump to serve as Ambassador to Croatia. Kohorst is a Republican donor and contributed nearly $300,000 to the Trump Victory ...
  
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• Hurricanes raise uncertainty for U.S. economic growth

  07-09-2017 22:51
  
  Houston continues to recover from Hurricane Harvey even as Florida prepares for Hurricane Irma, and could put a dent in predictions for an interest rate hike in December. One Fed member said the disaster the hurricanes left will likely have a notable effect on growth in the third quarter.
  
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• Miami Real Estate Industry Braces For Hurricane Irma, But Remains Confident In Its Buildings - Mansion Global

  07-09-2017 22:42
  Mansion Global
  Miami Real Estate Industry Braces For Hurricane Irma, But Remains Confident In Its Buildings
  Mansion Global
  Floridians are preparing for the worst as Hurricane Irma hurdles toward the U.S. after already tearing through islands in the Caribbean. The Category 5 hurricane is expected to make landfall in Southern Florida over the weekend, bringing high winds ...and more »
  
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• Tips to Attract A-Buyers Who Are Qualified and Motivated

  07-09-2017 22:08
  Often real estate professionals spend a lot of time and energy with clients who don’t end up in a transaction. But then along comes a buyer who is ready to go! This article provides a list of things you can do to attract the “A-Buyer.”
  When it comes to the current market, there are numerous channels potential buyers can use to connect with real estate professionals. From social media and online real estate databases to traditional open houses, leads can come through a variety o
  
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• Efforts Underway to House Displaced Harvey Victims

  07-09-2017 22:07
  The Federal Emergency Management Agency (FEMA) and the U.S. Department of Housing and Urban Development (HUD), as well as other organizations at various levels, have begun efforts to house those displaced by Hurricane Harvey. These initiatives include:
  Short-TermFor those who are eligible for FEMA assistance, FEMA transitional housing assistance provides lodging to displaced survivors who need a place immediately. FEMA pays the hotel/motel directly for this assistance.Local communities
  
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• Know Before You Owe: A Work in Progress

  07-09-2017 22:06
  The Consumer Financial Protection Bureau’s (CFPB) “Know Before You Owe” harmonization of the Truth in Lending Act and the Real Estate Settlement Procedures Act (TILA-RESPA, or TRID) has been a work in progress for several years, overhauling mortgage disclosure practices to improve clarity with the home-buying process.
  With the CFPB’s guidance and willingness to reduce ambiguities, lenders, real estate agents, and settlement providers have finally started adapting to the n
  
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• Costa Rica Casa: Mel Gibson’s Jungle Vacation Home

  07-09-2017 22:05
  Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:7 Essentials Every Millennial Needs in Their First Home
  5 Reasons Why Your HVAC Systems Aren’t Working Right
  Paris Hilton’s Dogs Live in a Mansion Nicer Than Your Home
  Costa Rica was one of the first getaway outposts for semi-expat Americans, thanks to its year-round tropical weather. It’s consistently rated by the Happy Planet Ind
  
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• Prime real estate: Amazon looks for 2nd headquarters - Finance and Commerce

  07-09-2017 21:43
  NBCNews.com
  Prime real estate: Amazon looks for 2nd headquarters
  Finance and Commerce
  NEW YORK — Amazon, bursting out of its Seattle headquarters, is hunting for a second home. Must haves: A prime location, close to transit, with plenty of space to grow. The company said Thursday that it will spend more than $5 billion to build another ...
  Prime real estate: Amazon opens search for 2nd HQEast Oregonian (subscription)
  Amazon Press Release - Amazon - Press Room - Press ReleaseAmazon -
  
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• Ares appoints head of real estate debt capital markets - Pensions & Investments

  07-09-2017 21:35
  Ares appoints head of real estate debt capital markets
  Pensions & Investments
  Sumit Sasidharan was named managing director and head of real estate debt capital markets for Ares Management's real estate group, said spokeswoman Sarah Troutt. He replaces Precilla Torres, who is taking on new responsibilities, Ms. Troutt said.
  
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• HomeServices of America Acquires The Long & Foster Companies

  07-09-2017 21:33
  HomeServices of America, Inc. has acquired The Long & Foster Companies, adding the firm’s 11,000 agents and 230 offices primarily in the Mid-Atlantic, the company announced on Thursday. The acquisition includes Long & Foster Real Estate and its affiliates Long & Foster Insurance, Long & Foster Property Management, Long & Foster Settlement Services and Prosperity Mortgage. The regional leader, which ranked No. 3 in RISMedia’s 2017 Power Broker Report for
  
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• PE Real Estate Players Think Outside The Box To Find Deals - Law360 (subscription)

  07-09-2017 21:25
  PE Real Estate Players Think Outside The Box To Find Deals
  Law360 (subscription)
  Law360, New York (September 7, 2017, 3:18 PM EDT) -- Competition in the realm of private equity real estate deal-making is incredibly fierce, and asset valuations are on the rise as the market picks up, but there is still plenty of opportunity for ...
  
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• Americans agree: Time is right to sell, but not to buy

  07-09-2017 20:34
  
  The gap in confidence continues to widen between the share of consumers who say now is a good time to buy and those that say now is a good time to sell. The net "good time to sell" share is now double the net "good time to buy" share, with record high percentages of consumers citing home prices as the primary reason for both perceptions.
  
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• Ocwen fined $1 million for force-placed insurance issues

  07-09-2017 20:09
  
  Ocwen Financial will pay a fine of $1 million for running afoul of the terms of the National Mortgage Settlement by not properly refunding force-placed insurance premiums to certain borrowers during the first quarter of 2017. And because Ocwen previously failed the servicing metric in question in 2015, this most recent failure triggered a $1 million fine.
  
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• Wells Fargo acquires $51 billion in MSRs from Seneca Mortgage Investment

  07-09-2017 19:53
  
  Wells Fargo announced it purchased approximately $51 billion in mortgage servicing rights from Seneca Mortgage Investment. Wells Fargo is one of the biggest players in servicing residential mortgage loans, with a servicing portfolio that totaled more than $1.5 trillion as of June 30, 2017.
  
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• Meet The Two Guys With $25B To Spend On Real Estate In The US And Europe - Bisnow

  07-09-2017 19:35
  Bisnow
  Meet The Two Guys With $25B To Spend On Real Estate In The US And Europe
  Bisnow
  Norges Bank Investment Management, the body which manages Norway's $988B sovereign wealth fund, has just appointed real estate chief investment officers for the U.S. and Europe. They have a mission to spend $25B in the two regions combined.
  Norges Bank Real Estate Management Names New CIOsChief Investment Officerall 2 news articles »
  
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• Rising home prices force homebuyers to find co-borrowers

  07-09-2017 18:32
  
  Home prices continued to increase during the second quarter, leading to an increase in co-borrowers on new single-family originations. This rising trend in co-borrowing is helping to eke out increases in purchase loan originations despite affordability and supply constraints.
  
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• Milken Institute recruits several big names to help conquer housing refinance reform

  07-09-2017 18:16
  
  The Milken Institute is gearing up to conquer the complexities of housing finance reform as the topic hopefully starts to become a major talking point in Washington D.C. The institute announced a new policy team of mortgage veterans, who will probably sound familiar to most people in the industry.
  
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• Investment Sales Volume Is Slowing Down as Bid-Ask Gap Continues to Emerge - National Real Estate Investor

  07-09-2017 17:47
  National Real Estate Investor
  Investment Sales Volume Is Slowing Down as Bid-Ask Gap Continues to Emerge
  National Real Estate Investor
  The underwriting process is taking longer, as no one wants to make any mistakes, according to Jim Costello, senior vice president of Real Capital Analytics. Mary Diduch | Sep 07, 2017. Investment sales volume continued to fall in July, the most recent ...
  
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• Brokers brace for Hurricane Irma's impact on South Florida's real estate market - The Real Deal Magazine

  07-09-2017 17:34
  The Real Deal Magazine
  Brokers brace for Hurricane Irma's impact on South Florida's real estate market
  The Real Deal Magazine
  It's been more than a decade since the last major hurricane struck South Florida, and with Hurricane Irma looming, brokers are starting to feel its impact on their ability to close deals. Brokers' primary concern has been over the likelihood of binding ...and more »
  
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• Report: Jackson Lake real estate market holding steady - jacksonprogress-argus

  07-09-2017 17:16
  Report: Jackson Lake real estate market holding steady
  jacksonprogress-argus
  Real estate on Jackson Lake is holding steady through the summer months, according to a new report released this summer. The Summer 2017 Lake Market Report was published recently by Lake Homes Realty. The report analyzes trends in lake real estate ...
  
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• Freddie Mac: Mortgage rates hit another, new low

  07-09-2017 16:04
  
  As the Treasury yield dropped to a new year-to-date low for the second consecutive week, mortgage rates followed. The 30-year mortgage continues to drop to new lows for this year, but remains up from last year.
  
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• Can VR Help the Real Estate Industry? - Builder Magazine

  07-09-2017 14:13
  Builder Magazine
  Can VR Help the Real Estate Industry?
  Builder Magazine
  The VR industry is reportedly expecting to reach over $13 billion in sales this year. It is being integrated with many different sectors such as healthcare, construction and now real estate. Here are a few examples of just how VR is performing in real ...and more »
  
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• Crazy Sh*t In Real Estate: Learning the hard way - Inman.com

  07-09-2017 12:08
  Crazy Sh*t In Real Estate: Learning the hard way
  Inman.com
  In this episode, Rosemary Buerger shares how her young clients had to learn a very hard lesson while selling their house. Real estate agents and owners alike need to do their due diligence when it comes to who they allow into the home, and always put ...
  
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• London's lofty luxury real estate prices drove this UK rapper to better himself - CNBC

  07-09-2017 07:47
  CNBC
  London's lofty luxury real estate prices drove this UK rapper to better himself
  CNBC
  London may be out of reach for many potential real-estate buyers, with the average detached home in the city costing almost £900,000 ($1.17 million) according to the latest figures from the U.K. land registry. But for British rapper Tinie Tempah, who ...
  
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• Tips for Saving Up for a Down Payment

  07-09-2017 00:00
  Just giving up your morning latte may save you up to $1,300 per year. NAR offers some simple ways to save for a down payment. 
  
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• Reach Out to Prospects Who Have Fallen Silent

  07-09-2017 00:00
  Looking to drum up more business? Try to warm up one of your cold leads. 
  
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• Myths Sellers Believe About Pricing Their Home

  07-09-2017 00:00
  Many of your clients are misguided about the principles of setting their asking price. Here’s what they should be aware of. 
  
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• How Long It Takes to Build a Home

  07-09-2017 00:00
  Brace your new-home buyers for a long wait. 
  
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