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This boring sector crushed equities over two decades - Stansberry Churchouse Research (registration) (blog)

Europe Real Estate News - Sun, 2017-07-23 19:08

Stansberry Churchouse Research (registration) (blog)

This boring sector crushed equities over two decades
Stansberry Churchouse Research (registration) (blog)
Before I elaborate any further, let me ask you a question: Can you guess what sector of the U.S. public real estate space has performed best over the past two decades? Grade A office space ... Europe is generally underserved by this business. The U.K ...

Budgeting for new homeowners: Plan for additional expenses - USA TODAY

USA Real Estate News - Sun, 2017-07-23 15:52

Budgeting for new homeowners: Plan for additional expenses
USA TODAY
The stress and excitement of buying a house has come and gone — it's time to hang a welcome sign and call it home. But a new journey in budgeting begins once you've paid the closing costs and tipped the movers. Now it's time to learn to budget as a ...

Homes Have Never Been More Valuable Than They Are Now

USA Real Estate News-RISMedia - Sun, 2017-07-23 12:08

The national median home value has careened to over $200,000 for the first time, with a 7.4 percent annual gain rocketing it to a new high of $200,400, according to the Zillow Home Value Index (ZHVI) in the June Zillow® Real Estate Market Reports. Values in 10 of the 35 major metropolitan areas assessed by Zillow are now within the $200,000 range.

Values are on a swift upswing due to low levels of supply and spiking demand. There are now 11 percent fewer homes for sale compared to one year ago, the Reports show.

“The national housing market remains red hot and shows no signs of slowing, even as some local markets like the Bay Area have noticeably cooled,” says Dr. Svenja Gudell, chief economist at Zillow. “But even in areas where the housing market has slowed, home values are at or very near peak levels, selection is limited, demand is high and competition is fierce.”

Of the markets assessed, values in 13 are still below the national median: Cleveland, Ohio ($134,600); Pittsburgh, Pa. ($137,400); Indianapolis, Ind. ($138,100); Detroit, Mich. ($141,000); St. Louis, Mo. ($148,600); Cincinnati, Ohio ($152,600); Kansas City, Mo. ($159,400); Columbus, Ohio ($162,500); San Antonio, Texas ($162,700); Charlotte, N.C. ($174,800); Houston, Texas ($178,400); Atlanta, Ga. ($179,900); and Tampa, Fla. ($185,700).

Twelve of the markets assessed, however, are far removed, with some sustaining values at least three times higher than the national median: San Jose, Calif. ($1,013,700); San Francisco, Calif., ($854,300); Los-Angeles-Long Beach-Anaheim, Calif. ($609,800); San Diego, Calif. ($548,000); Seattle, Wash. ($447,100); Boston, Mass. ($427,700); New York, N.Y. ($422,300); Washington, D.C. ($382,600); Denver, Colo. ($370,000); Sacramento, Calif. ($369,200); Portland, Ore. ($367,400); and Riverside, Calif. ($328,800).

The national median rent in the Zillow Rent Index (ZRI), meanwhile, has posted an annual gain of 1.1 percent, with the median rent totaling $1,422.

“Given these high costs and high competition, the most important thing you can do is get your finances in order so you know what you can comfortably afford, and find an agent who has experience with bidding wars and will help you stand out in a competitive market, especially if you’re buying for the first time,” Gudell says.

For more information, please visit www.zillow.com.

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Homes Have Never Been More Valuable Than They Are Now appeared first on RISMedia.

Agent Teams: Are They for Everyone?

USA Real Estate News-RISMedia - Sun, 2017-07-23 12:07

The National Association of REALTORS® (NAR) Power Broker Roundtable this month discusses the advantages of and caveats about real estate agent teams.

Moderator:
Robert Bailey
, Broker/Owner, Bailey Properties, Santa Cruz, Calif.; Liaison for Large Residential Firm Relations, NAR

Panelists:
Alex Milshteyn
, Team Leader, Real Estate Associates, Coldwell Banker Weir Manuel Real Estate, Ann Arbor, Mich.
Mike McCann, Team Leader, Berkshire Hathaway HomeServices Fox & Roach, REALTORS®, Devon, Pa.
Tom Skiffington, President/CEO, RE/MAX 440, Quakertown, Pa.

Robert Bailey: Whoever first noted that “two heads are better than one” recognized that people working together can accomplish far more than a go-getter working alone. That’s the guiding principal behind the practice of agent teaming, a growing trend that’s taking root in our real estate industry dynamic. It was also a lively panel discussion at the recent NAR Broker Idea Exchange, attracting agents and brokers from all over the country for whom the concept held interest and promise—and so, today, we’ve invited two of the panel’s experienced speakers, and a third pioneer in agent teaming strategies, to share their views and tips. Alex, let’s begin with you. Are agent teams the future of real estate?

Alex Milshteyn: I don’t know if they’re the future for everyone, but for agents with more business than they can handle by themselves, teaming is a great strategy. I jumped into it 17 years ago, but my first hire wasn’t another agent, but an administrative assistant to manage the operations and paperwork so that I could be out seeing clients. Today, I have four assistants and five agents who helped us produce $76 million in business last year, but I didn’t hire my first agent until I simply had more leads and more clients than I could possibly serve alone.

Mike McCann: I’ll second that. Forming a team is a slow, steady process—kind of like building a family because, in a sense, you do become family, growing together, having each other’s backs, everyone pulling their load. Our team of 16 agents and six full-time assistants closed more than 700 transactions last year—and even some 450 during the worst of the last downturn—but only because we’re fully committed, not just to our clients and our brokerage, but to each other.

Tom Skiffington: Glad you mentioned the brokerage, Mike, because the brokerage plays a big part in the success of every team. I like the team approach because teams bring together people with varying strengths that help us better serve our customers. I have several times encouraged agents to team up, but not everyone is ready to work with a team, much less to lead one. I like to be involved in the hiring of team members, for example, because of possible liabilities to the brokerage. And you have to have the policies and contracts in place to support your teams and help them grow.

AM: I understand that because, in some ways, the future of teams depends on how well brokers and states can work together to create laws that protect consumers but allow teams to work most effectively.

TS: Amen to that. I’m currently part of a task force in Pennsylvania devoted to examining the issue of agent teams and working to find solutions regarding the regulations that would be in the best interest of all parties.

RB: What makes a good team leader, and what makes a good team member?

MM: First and foremost, the leader has to be a coach and a working mentor. When I hire, I look for someone who’s fairly new, someone who has the ethics and commitment we demand, and who fits in with the team spirit. Someone I feel I can bring along to become a part of our working family so that we can all keep growing together.

AM: It’s your team of agents and admins who are helping you to build a brand, so you need to be aware of their needs and potential, and provide the support and systems necessary to help them do their best work.

MM: Every team is unique, as are the challenges and rewards they bring to their team members and brokers. It’s the synergy of the team working together that creates and sustains growth.

RB: Clearly, there are benefits to the brokerage when a team becomes successful.

TS: That’s true, but as we mentioned, not every agent is cut out for being part of a team, and not every successful agent can lead one. That’s why good brokerage leaders should strive for a balance between traditional and team models. We should be prepared to embrace the team concept, but we don’t need to cater to them exclusively. Part of being a great leader is recognizing the talents of your team and doing what it takes to help them reach and exceed their potential. And that’s true whether you lead an agency, or you lead a team within it.

For more information, please visit www.nar.realtor.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Agent Teams: Are They for Everyone? appeared first on RISMedia.

Freddie: What Feeds the Affordability Perception?

USA Real Estate News-RISMedia - Sun, 2017-07-23 12:05

Affording a mortgage payment is possible for many prospective homeowners. Why then, by all accounts, is unaffordability plaguing the market?

Researchers at Freddie Mac offered several takes on the answer in its latest Insight, suggesting that homebuyers having a hard time finding reasonably-priced listings are perceiving homes as unaffordable—a view that appears largely based in reality, if their only options to date have been out-of-reach stock. Moreover, the high likelihood for competition (i.e., bidding wars) is off-putting, both for first-time homebuyers and for sellers again entering the market. The latter’s hesitation, notedly, is tamping down already tight inventory.

“Thanks to very low mortgage rates, monthly mortgage payments are affordable for the average household despite currently high house prices,” says Sean Becketti, chief economist at Freddie Mac. “Nevertheless, hurdles to homeownership arise from the difficulty of finding a house. The supply of homes for sale is very tight, especially starter homes, and underwriting requirements are more rigorous than they were in the past.”

Would-be homeowners are also not confident about their prospects because their incomes have stayed relatively flat compared to home prices—more evidence making the case for unaffordability, according to the researchers. Incomes have grown by an average 2.4 percent annually since 2012; prices, however, have grown an average 6 percent.

Both incomes and prices, as well, contrast sharply depending on market. In the Kansas City, Mo., metropolitan area, for instance, the current median income is enough to afford a median-priced house in almost every zip code; in the San Francisco metropolitan area, the current median income is not enough to afford a median-priced house in any zip code.

First-time homebuyers are facing additional hurdles: a lack of awareness when it comes to costs beyond a mortgage payment (e.g., homeowners insurance, property taxes), and of savings for a down payment. Obtaining a mortgage, however, is their primary roadblock, especially for those who may not have the credit scores and/or on-paper, stable earnings needed to qualify. Student loan debt obligations, too, can adversely affect their debt-to-income (DTI) ratio. One or all obstacles are—or seem—insurmountable, further fueling a sense of unaffordability.

“Many potential first-time borrowers are stymied by variable employment and income histories and the challenge of accumulating a down payment while simultaneously paying down their student loans,” Becketti says. “In fact, a high level of household debt, particularly student debt, poses perhaps the largest obstacle to first-time homebuyers.”

Homeownership—stripped down to just the mortgage payment—is affordable, the researchers concluded, but challenged by barriers that play a hefty role in the home-buying process.

Perception, after all, is reality.

Source: Freddie Mac

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Freddie: What Feeds the Affordability Perception? appeared first on RISMedia.

Learn How to Convert Social Traffic to Business Leads

USA Real Estate News-RISMedia - Sun, 2017-07-23 12:04

You have a great website, social media presence and you run great ads. Then WHY are you not getting more leads? Conversion is the answer. Landing pages, squeeze pages and in-line conversion tools are the key. Learn what makes a great conversion strategy and how to build amazing conversion pages. Simply put, PNC’s latest What’s Trending Now Webinar will help you get more leads and write more business.

A Complimentary Webinar for Agents. Reserve your spot today!
When: Tuesday, August 15 or Thursday, August 17
1 Hour Duration: 9am PT / 11am CT / Noon ET

 

The views and opinions expressed in this presentation are those of the speaker’s and do not necessarily reflect the policy or position of PNC Bank, N.A. and should not be construed as legal or professional advice.

PNC is a registered service mark of The PNC Financial Services Group, Inc (“PNC”). All loans are provided by PNC Bank, National Association, a subsidiary of PNC, and are subject to credit approval and property appraisal. This information is provided for business and professional uses only and is not to be provided to a consumer or the public. This information is provided to assist real estate professionals and is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. Programs, interest rates, and fees are subject to change without notice.

©2017 The PNC Financial Services Group, Inc. All rights reserved. PNC Bank, National Association. Member FDIC.

The post Learn How to Convert Social Traffic to Business Leads appeared first on RISMedia.

Amundi ETF FTSE EPRA Europe Real Estate UCITS ETF (EPRE.L) Ichimoku Reading Holds Above the Cloud - Financial Newsweek

Europe Real Estate News - Sun, 2017-07-23 00:29

Amundi ETF FTSE EPRA Europe Real Estate UCITS ETF (EPRE.L) Ichimoku Reading Holds Above the Cloud
Financial Newsweek
Shares of Amundi ETF FTSE EPRA Europe Real Estate UCITS ETF (EPRE.L) opened the last session at $30183.86, touching a high of $30183.86 and a low of $30183.86 , yielding a change of 0.00. The latest reading places the stock above the Ichimoku ...

Real estate records, 07/23/17 - Lincoln Journal Star

USA Real Estate News - Sat, 2017-07-22 23:05

Real estate records, 07/23/17
Lincoln Journal Star
Itm LLC to Andrew Ross Real Estate LLC, 2635 S 14 St., $65,000. Jenner, Zack Andrew to Marshall, Leandra R, ... Kawasaki Motors Manufacturing Corp Usa to Endicott, Suzanne E, 8101 S 16 St., $185,000. Kelley, Michael & Sandra to Duchek, Matthew D ...

Chinese investors set new record buying USA real estate - Newburgh Gazette

USA Real Estate News - Sat, 2017-07-22 12:07

Newburgh Gazette

Chinese investors set new record buying USA real estate
Newburgh Gazette
A Times of India report published July 21 says that the pall of gloom owing to protectionist policies has not kept Indians residing in the USA from investing in real estate. Canadian buyers bought the most property in Florida, Chinese buyers mostly ...

and more »

Madison among cities luring tech jobs from traditional hubs on the coasts - Milwaukee Journal Sentinel

USA Real Estate News - Sat, 2017-07-22 10:34

Milwaukee Journal Sentinel

Madison among cities luring tech jobs from traditional hubs on the coasts
Milwaukee Journal Sentinel
Although Silicon Valley remains a stalwart tech hub, metros like Toronto and Atlanta are breaking into the rankings of the best markets for tech jobs, according to a new study. And smaller markets — say Madison, Wisconsin — are showing up as locales ...

Inside Battersea Power Station - the 'Everest of real estate' and a test case for the UK's housing conundrum - Telegraph.co.uk

Europe Real Estate News - Sat, 2017-07-22 08:30

Telegraph.co.uk

Inside Battersea Power Station - the 'Everest of real estate' and a test case for the UK's housing conundrum
Telegraph.co.uk
The mood at the Battersea Power Station Development Company – one of the largest, most complicated, expensive and politically-charged property projects in Europe – should be more celebratory. Last month, after two years and 25,000 wheelbarrows full of ...

US investigators seek to turn Manafort in Russia probe: sources - Reuters

USA Real Estate News - Sat, 2017-07-22 08:13

Reuters

US investigators seek to turn Manafort in Russia probe: sources
Reuters
Special Counsel Robert Mueller's team is examining Manafort's financial and real estate records in New York as well as his involvement in Ukrainian politics, the officials said. Between 2006 and 2013, Manafort bought three New York properties ...
James Clapper: Trump is 'making Russia great again'USA TODAY

all 3,104 news articles »

The week in real estate industry deals: July 17-21, 2017

USA Real Estate News-Inman - Sat, 2017-07-22 05:00
While real estate agents chase leads and close deals on houses, there's another level of deal-making that takes place within the real estate industry: mergers, acquisitions, integrations and partnerships. We'll be recapping every week's noteworthy deals that didn't make it into print (and some that did) for your perusal. Here are this week's ...

The week in industry hires and promotions: July 17-21, 2017

USA Real Estate News-Inman - Sat, 2017-07-22 04:30
Who got hired or promoted this week? Here's our weekly rundown, in chronological order ...

The man who drives Trump's Russia connection - The Washington ... - Washington Post

Europe Real Estate News - Sat, 2017-07-22 04:06

Washington Post

The man who drives Trump's Russia connection - The Washington ...
Washington Post
Aras Agalarov is an eager-to-please tycoon who has taken on a variety of projects for the Kremlin.

and more »

The man who drives Trump's Russia connection - Washington Post

Europe Real Estate News - Sat, 2017-07-22 04:01

Washington Post

The man who drives Trump's Russia connection
Washington Post
Aras Agalarov, the real estate magnate and amiable purveyor of high-end goods in all sizes and shapes, has emerged as a possible conduit from the Kremlin to Trump. He is a man who rose through the Moscow luxury, real estate and entertainment worlds by ...
Russian Lawyer Veselnitskaya Says She Didn't Give Trump Jr. Info on ClintonNBCNews.com
Meeting with heads of international news agencies • President of RussiaPresident of Russia
Maybe Private Russian Hackers Meddled in Election, Putin SaysNew York Times
New York Times
all 41 news articles »

Real estate market recap, July 17-21, 2017 - Inman.com

Europe Real Estate News - Sat, 2017-07-22 03:11

Inman.com

Real estate market recap, July 17-21, 2017
Inman.com
“Mortgage rates fell from 60-day highs last week, prompted by weak domestic inflation and retail sales data, and reports that interest rates could rise in Europe as the European Central Bank ends recession-era policies,” said Erin Lantz, vice president ...

and more »

Real estate market recap, July 17-21, 2017

USA Real Estate News-Inman - Sat, 2017-07-22 03:00
Here's what happened this week in the real estate market ...

Kennedy Wilson Europe Real Estate PLC (KWERF): Ichimoku Levels in Focus - Lenox Ledger

Europe Real Estate News - Sat, 2017-07-22 02:01

Kennedy Wilson Europe Real Estate PLC (KWERF): Ichimoku Levels in Focus
Lenox Ledger
Shares of Kennedy Wilson Europe Real Estate PLC (KWERF) recently touched $14.7500, which places the stock above the Ichimoku cloud, indicating positive momentum and a potential buy signal for the equity. Shares of Kennedy Wilson Europe Real Estate ...

and more »

Kennedy Wilson Europe Real Estate PLC (KWE.L) Ichimoku Levels Indicate Positive Trend - Ozark Times

Europe Real Estate News - Sat, 2017-07-22 02:00

Kennedy Wilson Europe Real Estate PLC (KWE.L) Ichimoku Levels Indicate Positive Trend
Ozark Times
Kennedy Wilson Europe Real Estate PLC (KWE.L) shares opened the last session at $1137.00, touching a high of $1147.00 and a low of $1130.00 , yielding a change of 10.00. The latest reading places the stock above the Ichimoku cloud which indicates ...

and more »
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