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CPI Property Group issues European market bonds - Budapest Business Journal

Europe Real Estate News - 2 hours 44 min ago

Budapest Business Journal

CPI Property Group issues European market bonds
Budapest Business Journal
"The achievement of the investment grade rating for CPI Property Group is a historic milestone for the company. It reflects the leading position of CPI Property Group among real estate companies in the CEE region and Berlin. The rating provides CPI ...

and more »

You can now link dotloop to ‘Zip Your Flyer’ (because manual entry sucks)

USA Real Estate News-Inman - 2 hours 53 min ago
Real estate technology companies are looking for every possible avenue to access new customers. One way is by connecting with colleagues who already have a lot of them ...

Your email marketing could be so much better: 4 hacks

USA Real Estate News-Inman - 3 hours 23 min ago
With so many different marketing options available to connect with buyers and sellers, it can be tough to figure out where to down double. Email is often overlooked as old school or unimportant, but oh contraire, email still rules! ...

How to create your own real estate team for market domination

USA Real Estate News-Inman - 3 hours 23 min ago
Real estate teams are increasingly more popular throughout the industry. Teams can provide a strong competitive advantage when you combine people with skill sets that complement each other and with personalities that work well together ...

Don’t fall for these 11 creative real estate listing terms

USA Real Estate News-Inman - 4 hours 22 min ago
Ever had clients excited to go see a an eclectic, vintage, open concept in a desirable neighborhood only to have them be very let down by the listing description ...

5 ways to make a buyer’s first home purchase less stressful

USA Real Estate News-Inman - 4 hours 38 min ago
For most first-time homebuyers, the experience of buying a home is stressful. Not only are they dealing with an unfamiliar process, but they’re also likely making their largest purchase to date. ...

CPI Property Group issues European market bond program - Budapest Business Journal

Europe Real Estate News - 6 hours 28 min ago

CPI Property Group issues European market bond program
Budapest Business Journal
CPI Property Group real estate company concentrates on long-term investments and property leases, predominantly in Central Europe and Germany. The group intends to place up to EUR 1.25 billion in a Medium Term Note on the European market, ...

'Solely real estate deal': Trump's lawyer on canceled Moscow Trump Tower - RT

USA Real Estate News - 7 hours 32 min ago

RT

'Solely real estate deal': Trump's lawyer on canceled Moscow Trump Tower
RT
Discussions between the Trump Organization and its contractor in Russia concerning the construction of a Trump Tower in the Russian capital that would have become “the world's largest building in Moscow” were “solely a real estate deal and nothing more ...
Senate intel panel scraps interview with Trump lawyer Michael Cohen in Russia probeUSA TODAY
Trump lawyer: Moscow Trump Tower "solely a real estate deal"Newburgh Gazette

all 114 news articles »

Where the ultra-wealthy are putting their money - CNBC

Europe Real Estate News - 8 hours 6 min ago

CNBC

Where the ultra-wealthy are putting their money
CNBC
The ultra-wealthy are allocating more of their money to equities and less to hedge funds and real estate this year, a survey of family offices published on Wednesday found. Equities accounted for 27.1 percent ... "While this is most likely the result ...

and more »

Taking a Deeper Look into the Numbers For Kennedy Wilson Europe Real Estate PLC (KWE.L) - Morgan Research

Europe Real Estate News - Tue, 2017-09-19 20:23

TrueBlueTribune

Taking a Deeper Look into the Numbers For Kennedy Wilson Europe Real Estate PLC (KWE.L)
Morgan Research
Kennedy Wilson Europe Real Estate PLC (KWE.L) shares are on chartist's watch as the stock is edging below the MACD Histogram zero line. Current levels place the share price around 1092.00, while the MACD indicates a bearish trend.
Kennedy Wilson Europe Real Estate PLC (KWE.L) Shares Hovering Above ChikouRives Journal

all 16 news articles »

Thanks, Apple: Real estate apps just got a huge AR boost

USA Real Estate News-Inman - Tue, 2017-09-19 17:56
Apple released its newest operating system today and with it a promising frontier for real estate apps looking to offer augmented reality ...

Trump's lawyer to publicly testify in Senate next month - WTOP

Europe Real Estate News - Tue, 2017-09-19 17:07

WTOP

Trump's lawyer to publicly testify in Senate next month
WTOP
His interview had been expected to focus at least in part on a discussion to develop a Trump Tower in Moscow right as the presidential campaign was unfolding, a real estate deal he disclosed last month in a statement to congressional investigators.

and more »

August housing starts confirm the shortage will rage on

USA Real Estate News-Inman - Tue, 2017-09-19 16:56
After a promising series of starts and completions at the beginning of the summer, residential construction has begun to decline. This is an unwelcome piece of news for economists, real estate professionals and buyers alike ...

Senate panel invites Trump lawyer to testify in public - WTOP

Europe Real Estate News - Tue, 2017-09-19 16:45

WTOP

Senate panel invites Trump lawyer to testify in public
WTOP
His interview had been expected to focus at least in part on a discussion to develop a Trump Tower in Moscow right as the presidential campaign was unfolding, a real estate deal he disclosed last month in a statement to congressional investigators.
Trump attorney reached out to Kremlin to pursue Moscow Trump Tower projectCNN
Trump attorney Michael Cohen vows non-compliance with CongressTalk Media News
Trump lawyer Michael Cohen to appear before Senate panel TuesdayCNN

all 98 news articles »

Atlanta is now ground zero for iBuyer war

USA Real Estate News-Inman - Tue, 2017-09-19 16:16
Will iBuyers like Opendoor go mainstream or stay niche? Keep your eye on Atlanta for the answer. The market has became the first where the major iBuyers -- Opendoor, OfferPad and Knock -- are all going toe to toe, setting up the city to be a battleground for three deep-pocketed startups that all use technology to make quick offers on homes, buy properties in days and quickly resell them ...

UO Reading Underneath 40 for Kennedy Wilson Europe Real Estate PLC (KWE.L) - Hayden Business Journal

Europe Real Estate News - Tue, 2017-09-19 16:01

TrueBlueTribune

UO Reading Underneath 40 for Kennedy Wilson Europe Real Estate PLC (KWE.L)
Hayden Business Journal
After a recent market check, we have noted that the Ultimate Oscillator reading is under 40 on shares of Kennedy Wilson Europe Real Estate PLC (KWE.L). Technical analysts may be watching the UO reading to identify oversold conditions. The Williams ...
Stock Review: Trading Signals in Focus For Kennedy Wilson Europe Real Estate PLC (KWE.L)The Standard

all 10 news articles »

College Debt Is Postponing Homeownership—but by How Long?

USA Real Estate News-RISMedia - Tue, 2017-09-19 15:10

College debt is having a compounding effect on how millennials perceive and plan for homeownership.

Eighty-three percent of millennials in a recently released report by the National Association of REALTORS® (NAR) say they are delaying their home-buying plans by a median seven years as a result of their student loan debt. Twenty percent of the millennials surveyed in the study are homeowners; 80 percent are not. The typical millennial homeowner is burdened by $41,200 in student debt, and earning $38,800 annually.

Homeownership is not the only casualty of student debt—millennials are also postponing career changes, children, marriage and retirement savings, the study shows. Forty-one percent of millennials have put off marriage; 61 percent have skipped a retirement savings payment; and 86 percent have stayed in an unsatisfying job, or taken on a second job or one outside of their field, as a result of student debt.

“The tens of thousands of dollars many millennials needed to borrow to earn a college degree have come at a financial and emotional cost that’s influencing millennials’ housing choices and other major life decisions,” says Lawrence Yun, chief economist at NAR. “Sales to first-time buyers have been underwhelming for several years now, and this survey indicates student debt is a big part of the blame. Even a large majority of older millennials and those with higher incomes say they’re being forced to delay homeownership because they can’t save for a down payment and don’t feel financially secure enough to buy.

“Being unable to adequately save for retirement, on top of not experiencing the wealth-building benefits of owning a home, is an unfortunate situation that could have long-term consequences to the financial well-being of these millennials,” Yun says. “A scenario where only those with minimal or no student debt can afford to buy a home and save for retirement is not an ideal situation and is one that weakens the economy and contributes to widening inequality.”

Millennial homeowners are doubly pressured, unable to sell and trade-up due to their student debt. At the entry level, the inability to move keeps valuable inventory off-market, worsening already scarce supply in the tier.

“Millennial homeowners who can’t afford to trade up because of their student debt end up staying put, which slows the turnover in the housing market and exacerbates the low supply levels and affordability pressures for those trying to buy their first home,” says Yun.

Combating the issue comes down to education. Many millennials are in the dark about college costs—in fact, the study shows only 20 percent have a big-picture understanding of the expenses related to education.

“REALTORS® are actively working with consumers and policy leaders to address the growing burden student debt is having on homeownership,” says NAR President Bill Brown. “We support efforts that promote education and simplify the student borrowing process, as well as underwriting measures that make it easier for homebuyers carrying student loan debt to qualify for a mortgage.”

The study was conducted in conjunction with American Student Assistance (ASA), a non-profit guarantor.

“Student debt is a reality for the majority of students attending colleges and universities across our country,” says Jean Eddy, president and CEO of ASA. “We cannot allow educational debt to hold back whole generations from the financial milestones that underpin the American Dream, like homeownership. The results of this study reinforce the need for solutions that both reduce education debt levels for future students, and enable current borrowers to make that debt manageable, so they don’t have to put the rest of their financial goals on hold.”

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

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 College Debt Is Postponing Homeownership—but by How Long? appeared first on RISMedia.

Stay Safe and Earn Big With MVP

USA Real Estate News-RISMedia - Tue, 2017-09-19 15:09

NAR PULSE—Register for one of two safety webinars being offered during REALTOR® Safety Month and earn a free Little Red Book: Safety Rules to Live by for REALTORS® – Download, PLUS a chance to win a Guard Llama Personal Protection Kit. This Member Value Plus (MVP) Program offer expires Sept. 26! Check it out today!

New Dental Plans for REALTORS®
You asked and we listened! REALTORS® Dental Insurance, a group dental plan available through the REALTOR Benefits® Program, now offers three new great plans with 100 percent coverage for in-network preventive care and benefits on over 370 procedures. Next-day coverage and individual and family plans are available. Learn more.
Why Choose REALTOR® University?
What would you do with a Master of Real Estate degree from REALTOR® University? Hear how three REALTOR® University alumni from the Residential Real Estate Sales, Marketing and Management concentration graduated to the next level of their careers. Find out here, and visit RealtorU.edu today.

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

The post Stay Safe and Earn Big With MVP appeared first on RISMedia.

Ushering in a Fresh Perspective: John Peyton and Nick Bailey Ready to ‘Blow the Dust off’ Iconic Brand

USA Real Estate News-RISMedia - Tue, 2017-09-19 15:08

Realogy Franchise Group President and CEO John Peyton discusses his vision with RISMedia President and CEO John Featherston at RISMedia’s 2017 CEO Exchange.

It’s not often that we get the chance to view the real estate industry from an outside perspective. But when John Peyton—Realogy Franchise Group’s new CEO—and Nick Bailey—president and CEO of Century 21 Real Estate LLC—took the stage for a candid fireside chat with RISMedia’s President and CEO John Featherston, that’s exactly what attendees of RISMedia’s 2017 CEO Exchange got. Taking place at the Harvard Club of New York City on September 12 and 13, the more than 230 real estate brokerage leaders and C-level executives in attendance were provided a unique lens through which to view the current state of the industry—and the future as it continues to unfold.

John Featherston: Please tell us a little bit about yourself and what you’ve done prior to coming to Realogy Franchise Group.
John Peyton:
I spent 28 years at Starwood Hotels & Resorts, working in a number of marketing/branding and operations roles, in addition to serving as COO of Starwood’s North America Hotel Division. I finished up my time at Starwood as CMO before joining Realogy Franchise Group as president and COO in October 2016, where I stepped in as then-CEO Alex Perriello’s apprentice. When Alex decided to retire earlier this year, I succeeded him as president and CEO.

JF: Coming from outside the industry, what would you say we’re doing well, and what are we not doing so well?
JP:
The biggest takeaway for me thus far is the fact that we’re living in an age of great change, which is not unique to the real estate industry itself. Today, it’s all about technology, the availability of data and the empowerment of the consumer. This is an industry that’s not afraid of change, and that’s a key ingredient in the recipe to success. The real estate industry is full of incredibly strong brands, whether national, regional or local. As a franchisor in the hotel industry, our partners were other large public companies, and I didn’t anticipate until I got here that this industry is about entrepreneurship, or family-owned, multi-generational businesses. There’s a true sense of family, a desire to win, a focus on every dollar and every person mattering that I didn’t experience in the larger corporate environment from which I came. The personal intensity of ownership within this business—and the tie to community—has been the biggest learning curve for me.

JF: What lessons can we learn from so-called disruptors such as Airbnb and others?
JP:
While Airbnb is a great story, it’s not a good story for hotels. Looking back on a CEO panel held five to six years ago during our yearly industry conference, each and every member of the panel noted that Airbnb was not an issue, was not on their radar, and wouldn’t affect the industry. When the topic was posed a few short years later, those same CEOs all admitted that they missed it. From my perspective, we missed the consumer insight that Airbnb was responding to. Airbnb knew that following the recession, the affluent didn’t just want stuff anymore. They wanted legitimate, authentic experiences, and the hotel industry missed that.

Paralleling the real estate industry, Opendoor is a good example. While I can’t speak to whether or not they’ll be successful, the insight here is that homeowners are willing to sell their house at a discount if they can avoid the hassle of the process. Solving this begins with worrying about the insight they’re chasing, and how we’re responding to it.

JF: You’ve been charged with running an iconic brand. What can we expect as far as branding in terms of changing the overall impact of Realogy Franchise Group? Will there be a focus on millennials or other specific demographics?
JP:
First and foremost, millennials hate being called millennials. When it comes to working with and interacting with consumers in this demographic, it’s important to think of the millennial as a person, rather than a group. As far as branding, as CMO at Starwood Hotels, I was trained to think about brands in a fairly structured, processed way. A brand is a promise, and whether it’s at the national, regional or local level, you must be clear on what that promise is. We call this the value proposition, and we must be consistent with it. A strong brand should be different, better and special. When it comes to new programs, products or training, it’s important to determine whether what’s being offered is different, better and more special than what others are doing. Not only must everything communicate, but there has to be 100 percent consistency in the visual product, office design, the way phones are answered, etc. In the end, strong brands deliver functional, emotional and societal benefits.

JF: What is your outlook toward various portals/relationships, and how does Zillow fit into the mix?
JP:
Being new to the industry, I’m surprised at the industry’s level of criticism toward Zillow. What’s most surprising is the criticism from a practical standpoint, because Zillow isn’t going away. The phenomenon of Zillow isn’t unique to our industry. Consumers in 2017 are empowered because of mobile, internet and the amount of data available to them. We need to focus on embracing Zillow as a partner, understanding how we want to be successful as we work with them. That being said, I do agree that we need to be careful and thoughtful. How can we maximize our performance versus worrying about it? The hotel industry lost control of its product. We know we can’t do that. Instead, we must learn to work with Zillow and other portals as equal partners.

Century 21 Real Estate President and CEO Nick Bailey

John Featherston: Nick, congratulations on your recent appointment as president and CEO of Century 21 Real Estate. What’s it like being back where it all started?
Nick Bailey:
Being elected president and CEO of Century 21 Real Estate LLC is like coming home for me, since I got my real estate license with Century 21 when I was 21 years old. I began buying commercial real estate when I was 17, purchased my first home at 18, and knew I was going to be in real estate forever. Today, there’s a lot of noise in the industry, but I hope to use the platform I’ve been given to bring clarity to the organization. Century 21 has an awesome foundation—we just need someone to blow the dust off of it.

JF: Looking out over the next three years, what’s in store for the Realogy brands?
NB:
A big reason for my decision to join Century 21 is the brand’s vision, and I’m excited to take that experience and make it translatable to the industry. We have the opportunity to take an iconic brand and make it relevant, fresh and innovative. At the end of the day, it’s important to remember that an agent still joins a company because of its leadership; in fact, it’s all about leadership.

JP: Nick truly personifies the brand’s future, and this was the rationale for recruiting him as hard as we did. We believe agents are the past, present and future, and those who embrace technology will be the ones who find success. Bringing in someone with Nick’s perspective is what we need at both Century 21 and Realogy to make sure we remain focused. One of the biggest changes path forward will be our focus on the agent. In fact, it’s our mission across all five brands to ensure our agents are as productive and profitable as possible.

NB: There’s a true consumer movement out there, and we have to stay in front of it and embrace it. I can’t say enough good things about Zillow Group. While we started with MLS books, I believe the industry is in the midst of an MLS book hangover. It’s all about transparency today. Agents and consumers can sometimes collide (think the Zestimate), but if consumers want it, every brokerage and franchise network should have a similar tool. Consumers are voting with mouse clicks, so we need to focus on bringing worlds together even where they collide.

Stay tuned to RISMedia for continuing coverage of this year’s CEO Exchange sessions:

Paige Tepping is RISMedia’s managing editor. Email her your real estate news ideas at paige@rismedia.com.

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

The post Ushering in a Fresh Perspective: John Peyton and Nick Bailey Ready to ‘Blow the Dust off’ Iconic Brand appeared first on RISMedia.

What You Need to Earn to Live in the Cheapest and Priciest Metros

USA Real Estate News-RISMedia - Tue, 2017-09-19 15:05

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

Ever wonder how much bacon you need to bring in to live comfortably in some of our country’s largest metros? HSH.com recently revealed the salaries needed to live in a median-priced home in 50 of the hottest areas of the U.S., and the numbers may surprise you. While the national average of median home prices cost $255,600, requiring a salary of just over $56,000, the salary difference between the least expensive and the most expensive is nearly $200,000 (!!).

5 Least Expensive Metros

  • Pittsburgh: $35,329.29
  • Cleveland: $36,553.26
  • Indianapolis: $37,429.34
  • Oklahoma City: $37,854.04
  • Memphis: $37,964.05

5 Most Expensive Metros

  • San Jose: $221,363.63
  • San Francisco: $181,341.49
  • San Diego: $116,875.11
  • Los Angeles: $101,531.66
  • New York City: $99,136.79

It’s no real surprise that four of the five priciest metros are all in the state of California. Get the full results from HSH.com and see how realtor.com broke down what is occuring in the “Best Places” housing markets.

Zoe Eisenberg is RISMedia’s senior content editor. Email her your real estate news ideas at zoe@rismedia.com.

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

The post What You Need to Earn to Live in the Cheapest and Priciest Metros appeared first on RISMedia.

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