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Real Estate News
Spending nearly half of income is commonplace for renters, study suggests
Tue, 13 Oct 2015 12:01:20
Nearly half of American renters spend more than 30 percent of their monthly incomes on rent, with one in four contributing more than 50 percent a month. This equates to the worst rental affordability crisis ever seen in the U.S., which should theoretically bode well for single-family home sales activity moving forward. “The middle class can no longer afford rental housing in nearly 90 cities across the United States,” according to recent analysis from Affordable Online Colleges ... read more»

Video of the day: An updated European estate with coastline views
Tue, 13 Oct 2015 12:00:08
With spectacular panoramic ocean, Catalina, Pelican Hill golf course and sunset vistas, this home is ideal for living and grand entertaining. It boasts light and airy environs that are highlighted by world-class details such as columned archways, designer lighting fixtures and herringbone mahogany flooring, alongside a wraparound floor plan encompassing five bedrooms; including a grand master suite, five baths and two half baths ... read more»

Podcast: From Wall Street to Greenwich with Rob Johnson
Tue, 13 Oct 2015 11:45:57
Very few real estate agents start in this industry -- nearly all of us are transplants from somewhere else, and often the career experience we bring with us helps to cross-pollinate our practice and helps us provide a higher level of service to our clients ... read more»

Tiffany B. Kjellander on trust, vision and supportive environments
Tue, 13 Oct 2015 11:45:33
The owner and CEO of Better Homes and Gardens Real Estate PorchLight Properties talks about brokerage needs vs. agent needs and always doing what she says she will ... read more»

Infographic: What the real estate industry needs to know about millennials
Tue, 13 Oct 2015 11:37:27
Millennials are the most racially diverse and educated generation. More than half of millennials cite student-loan debt as their biggest obstacle to buying a home. Most millennial buyers (75 percent) are looking to purchase a single-family home ... read more»

WikiRealty, an ‘online town square,’ features agents’ local expertise
Tue, 13 Oct 2015 11:30:58
Is a community seeing an increase in infill development? Does Starbucks or Whole Foods have plans to set up shop? Are local homeowners cliquey, or do they embrace newcomers? The fact that real estate agents can often answer these questions -- and real estate websites typically cannot -- is part of their lasting appeal to consumers. Real estate professionals across the U.S. now have a new platform for putting their ability to field such questions on full display ... read more»

Letters from: real estate agent Vince Arcuri
Tue, 13 Oct 2015 11:00:44
Welcome to "Letters from," my new column that examines the intimate thoughts of members of the real estate industry. We will explore why they got into the business, what they wish they would have known when they started, their challenges, who their mentors are and why -- and, lastly, the knowledge they can pass on from their former mistakes ... read more»

Agents’ ‘Real Estate Row’ concept lines up clients in Alabama
Tue, 13 Oct 2015 10:27:55
When a young couple recently came into Davenport Agents' new Real Estate Row showroom, a one-stop shop for homebuyers and homesellers in Huntsville, Alabama, they were, frankly, a bit clueless. All they knew was they wanted a new build -- you can still do that in Huntsville, Alabama -- but they couldn't say where, exactly, or what they had in mind. With a selection of builders operating out of the 8,000-square-foot New Home Showroom, they were able to find something they liked and narrowed it down to three neighborhoods with the help of a Davenport agent also operating on the premises ... read more»

Wake-up call: The brokerage model is evolving
Tue, 13 Oct 2015 10:00:01
The old saying that change is the only constant in the universe applies to everything that we do and that includes the brokerage model. Just recently, New York City-based, Compass raised an additional $50M at a reported valuation of $800 million to further fuel its expansion into new markets, while announcing that it will offer over 100 percent commission split for the first year to the first 25 top agents who sign up in NYC as a test ... read more»

Completed foreclosure volume reaches 500k during 12-month period
Tue, 13 Oct 2015 8:40:18
Comparing foreclosure data on a year-to-year basis can sometimes be deceiving. While recent findings from CoreLogic show that foreclosure completions and foreclosure inventory rates both declined in August when compared to the same month in 2014, the firm also reported that 500,000 foreclosures were completed during the 12-month span, which is more than double the volume seen during "normal periods." ... read more»

6 common-sense cyber-security tips for real estate agents
Tue, 13 Oct 2015 4:00:36
Although Ashley Madison and Target might get all the headlines, more than half of all attacks are against small business owners. We recently sat down with cyber security expert Scott Krawitz to discuss his common sense approach to securing technical systems within the real estate industry. Here's what we learned ... read more»

3 simple ways real estate agents can improve online rankings
Tue, 13 Oct 2015 3:00:09
Do you want more traffic going to your website? Of course you do! The only problem is, you either don't know how to get it or it's too expensive to hire someone to help. You might have built your website thinking if you build it, they will come, but that's just not the case ... read more»

Infographic: 5 markets where buyers are back in 2015
Tue, 13 Oct 2015 2:00:04
Through August, sales of single-family homes and condos were at an eight-year high nationwide with a growing share of buyers using FHA loans to purchase. RealtyTrac looked at the markets with at least 10,000 single-family home and condo sales through the first eight months of the year to see which are seeing the biggest increase in home sales from a year ago, which indicated regular buyers are back in force ... read more»

Property Carnivores makes a game out of shredding your competition
Tue, 13 Oct 2015 1:45:37
"Gamify" is a word that made this rather dubious list of mine. I didn't really explain why. I find it more misused than over-used. And I'm open to correction. So I demoed Property Carnivores, which gamifies (shudder) real estate prospecting. What adds salt to the proverbial wound is that I liked what I saw ... read more»

Kyle Matthews: ‘If you are good to people, they will be good to you’
Tue, 13 Oct 2015 1:30:27
"There are so many brokers who are not truly committed to working the hours and at the pace that it takes to ensure one’s success in this business," says Matthews. "I believe that when a client trusts me to give me their business, they deserve the hard work that it takes to ensure success for them." ... read more»

Realtyperson, heal thyself: Sellers will never trust us on price
Tue, 13 Oct 2015 1:00:35
When I listed my home for sale last year, I worked with two great agents. I could have just listed it myself, with my wife or even with one of the myriad other family members who are all licensed. But to paraphrase the old adage -- "He who represents himself in selling his home has a fool for a client." ... read more»

Daily market update: Oct. 13, 2015
Tue, 13 Oct 2015 0:01:01
Mortgage rates plus all the latest real estate market news ... read more»

Luxury listing of the day: 4-bedroom condo in NYC’s Flatiron District
Tue, 13 Oct 2015 0:00:59
The living room of this condo includes 30 feet of frontage space facing Fifth Avenue; there's also a home office, oversized windows and 10.5-foot ceilings in this gorgeous property. It's listed for $7 million with ... read more»

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