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  • "Drury plans a 242-room hotel near City Hall" - BizJournals.com"Drury Southwest Inc. plans a 242-room hotel at the site of the former Kansas City Public Library and Board of Education building in Downtown. Located at 1211 McGee St., the project would include 5,000 square feet of meeting space and a 176-space parking garage, according to a documents filed with the Tax Increment Financing Commission of Kansas City. Kansas City Public Schools owns the building, which has been vacant since the district moved the Board of Education offices to its current location, 2901 Troost Ave. The requested TIF plan would cover demolition of the 11-story building and construction of the hotel..."
  • "Why Charlotte trails Raleigh in new ranking of best cities to raise a family" - BizJournals.com"A new ranking of the best U.S. cities for raising a family may give Charlotte high marks, but the Queen City doesn't register as the top spot in North Carolina..."
  • "More Seattle-area home sellers lower list prices as market cools way down" - SeattleTimes.com"Homes are sitting unsold for weeks. Bidding wars are becoming less common. More sellers are even dropping their asking price to attract buyers. For the first time in four years, the Seattle-area real-estate market is finally starting to trend in a positive direction for buyers, though only after many were already priced out following years of punishing price hikes..."
  • "Real Estate 2.0: San Antonio Housing Market Sees Emergence of Tech" - TheRivardReport.com"An increasing number of technology companies are turning their eyes toward the booming San Antonio real estate market. REX Real Estate, an artificial intelligence- and big data-powered real estate brokerage, is gearing up for an Aug. 13 launch. The company is one of several recently that aim to take the real estate agent out of the home buying and selling process to cut down on costs..."

News Headlines

#1 Real Estate predictive analytics: offrs.com takes the award!

#1 Real Estate predictive analytics: offrs.com takes the award!

Have you heard the news?

" Facebook paid $88 million this year to build out its Seattle area Oculus hub" - TechCrunch.com

"Facebook continues to expand its VR ambitions in the Pacific Northwest. The company has been quietly growing its footprint 16 miles East of Seattle, in Microsoft’s backyard. A new analysis by real estate resource BuildZoom sheds additional light on the Menlo Park-based company’s efforts to build a satellite virtual reality HQ in and around Seattle. Over the last three years, Facebook has spent $106 million on construction and development permits for Oculus offices in Redmond..."

"Dallas is one of the top cities in the country for reverse commutes" - DallasNews.com

"Dallas is one of the top U.S. cities for "reverse commuting," where residents drive from homes in closer-in urban neighborhoods to jobs in the suburbs, according to a new report by commercial real estate firm JLL..."

"El Paso ranked No. 7 best city to live" - KTSM.com

"'El Paso continues to be recognized for the great City we are,' said Mayor Dee Margo. In addition to this latest ranking, El Paso was also selected as an All-America City last month, earned the Governor's Achievement Award, and was named the fifth-best small city in America..."

"'That's a California thing.' Sacramento ranks high among cities with million-dollar homes" - SacBee.com

"It's generally agreed, especially among people searching for a home, that Sacramento is no longer the modest and moderately priced valley town it once was. Now comes further evidence: Authors of a new study say the capital region has the 13th highest share of million-dollar homes in the country..."

"Real Estate Divorce Specialists in High Demand" - Markets.BusinessInsider.com

"Ted Kasper of The Carson Group - AustinRealEstate.com, 3103 Bee Caves Road, Austin, Texas, has recently completed training and is now a Certified Real Estate Divorce Specialist. Real Estate Divorce Specialists are real estate professionals specializing in divorcing clients. They are trained in the legal and tax aspects of the divorce process as it relates to real estate. They learn obscure legal rulings, regulations and tax implications. This specific training allows them to help their divorcing clients take advantage of tax laws that are specific to selling a house in the divorce..."

"Low inventories could slow Mesa County real estate growth" - TheBusinessTimes.com

"The year could unfold in two halves for the Mesa County real estate market: a first half of rapid growth followed by a second half of continued growth, but at a pace slowed by low housing inventories..."

"Forbes article says Asheville real estate boom has only just begun" - WLOS.com

"Some might say we've been there for awhile, but a new Forbes.com article says Asheville's real estate boom is actually just beginning. 'Boom markets don't come along very often in real estate,' says Forbes contributor Ingo Winzer, president of Local Market Monitor, a residential real estate 'forecast company' that provides data and analysis to investors. 'There haven't been any since the big crash of 2008, and before that, they were usually limited to one or two places at a time, like Houston in the mid-1980s, New York later that decade or Southern California in the early 1990s...'"

"Property tax proposal would give older folks incentive to move" - ABC30.com

"Under California's Proposition 13, property tax increases are limited, so over time, a home could be worth a lot more than the value it is taxed on. The taxed value doesn't reflect the current value until the home is sold. Fresno Realtor Don Scordino believe that tax rule has kept some people 55 and older from selling and buying another home..."

"Home prices make the biggest jump in four years" - CNBC.com

"It is a seller’s market, undeniably. The supply of homes for sale is low, demand is high, and now prices are heating up even more. But sellers today see more reasons to stay put than to profit. Home prices jumped 7.1 percent annually in May, according to a new report from CoreLogic. That's the biggest jump in four years. Annual price gains had been shrinking slightly, as mortgage rates rose, but apparently higher rates are not hurting demand. They are, however, exacerbating the already critical supply shortage...."

"Downtown Milwaukee's newest high-rise starts moving in residents — who enjoy amazing views" - JSOnline.com

"Downtown Milwaukee's newest housing high-rise has started moving in its first residents — and they're enjoying some amazing views. 7Seventy7 is a 35-story tower with 310 high-end apartments on 25 floors, a 10-story parking garage and ground-floor retail space at 777 N. Van Buren St. The $100 million project, developed by Northwestern Mutual Life Insurance Co., is nearly done after just over two years of construction..."

"Hot Housing Market: Now a ‘Great Time to Buy, Sell or Refinance’" - MemphisDailyNews.com

"The average home sales price in May was $192,883, a 14 percent increase from $169,540 a year ago, according to real estate information company Chandler Reports, chandlerreports.com. The number of units sold was up slightly in May, with 1,779 sales recorded for the month, compared with 1,770 last year..."

"Despite Hefty Rent Prices, Arlington Ranked Among Top Places for Solo Renters" - ARLNow.com

"Arlington has one of the highest median rent prices in the entire country, yet the county still ranks among the top places people can afford to live alone. That’s according to a new study of 100 of the nation’s largest cities and counties by the financial data research firm SmartAsset. The company ranked Arlington 17th among that group for places where renters have the financial wherewithal live alone, largely because of the robust median income level of the county’s workers..."

"Large riverside development site in Milwaukee's Harbor District sold to San Diego investor" - jsonline.com

"A large riverfront development site in Milwaukee's new Harbor District has been sold to a wealthy San Diego investor. The 2.3-acre parcel, which overlooks the Kinnickinnic River at 1958-1970 S. 1st., was sold to Commercial Heat Treating Holdings LLC for $1.1 million, according to state real estate records posted Wednesday..."

"Federal funds will re-nourish Virginia Beach Oceanfront beaches" - SouthSideDaily.com

"It was announced last week that the city would be on the receiving end of $17.6 million for “re-nourishment” of the beach from Rudee Inlet north to 89th Street. Although the funding has already been revealed via an emailed announcement from U.S. Sens. Mark Warner and Tim Kaine as part of the Army Corps of Engineers “work plan,” actual work isn’t expected to start until next year..."

"Louisville Urban League’s Heritage West project scored big compared to other proposals, according to city" - InsiderLouisville.com

"The Louisville Urban League’s application to develop a $30 million track and field facility at the 24-acre Heritage West site left its competitors in the dust, according to a summary score sheet recently released by Louisville Metro Government..."

"Real estate consultant will lead Economic Alliance" - BaltimoreSun.com

"A consultant in real estate development and government relations will head the Economic Alliance of Greater Baltimore through the end of the year while the organization seeks a permanent CEO..."

"Ford is betting big on Detroit - Amazon isn't saving Detroit but Ford could" - TechCrunch.com

"The Ford Motor Company now owns one of Detroit’s iconic buildings in the Michigan Central Station. The monumental building looms over Detroit’s oldest neighborhood. It’s long been a symbol of Detroit’s decay, and now it could become the symbol of Detroit’s revival, and Ford’s along with it. The building is set to become the anchor of Ford’s 1.2 million-square-foot campus in the Detroit neighborhood..."

"Coming crisis of coastal flooding: $1 trillion of real estate at risk by 2100" - Curbed.com

"New report argues for fast response to slow-motion crisis of climate change, chronic flooding, and property damage..."

"Appealing property value pays off for hundreds of Minneapolis homeowners" - StarTribune.com

"After homeowners complained en masse about their tax valuations, the city of Minneapolis changed the property assessments for more than 1,000 homes this year. City assessors and the board that handles appeals have spent the past month scrambling to respond to the 1,400 property owners who said the city tax assessor had bungled the valuation of their real estate. The board approved changes on 1,144 of those properties, or about 82 percent of official appeals, according to data released by the city Wednesday..."

"Council Bluffs riverfront ideas include elevated walkway, rooftop restaurant" - Omaha.com

"An elevated walkway through the trees, a pavilion with a rooftop restaurant and a marina could someday take shape along the Council Bluffs riverfront. Officials shared those concepts on Wednesday during a community meeting on plans to transform the Council Bluffs side of the Missouri River..."

"Virginia Beach neighbors upset over creek the city won't clean up" - 13NewsNow.com

"Homeowners in the Kings Forest Neighborhood of Virginia Beach are speaking out about an eroding creek that neither its owner nor the city will clean up..."

"Real estate investors hold classes for budding entrepreneurs" - WTHR.com

"It's a passion of mine to be able to educate people on the different avenues you can use real estate to build wealth," said Keith Safford of K & T Investment Developments. Safford is half of K & T. He and Tony McDaniel are part of the growing effort to improve the housing and commercial landscape of Indianapolis. New developments are popping up all over the city and the trend of renovating older assets continues. Their construction company is rehabbing an early 1900s home on Temple Avenue near the 10th Street corridor..."

"Kushner Cos. Exits Philadelphia With Sale of Property Stake" - NREIOnline.com

"(Bloomberg) - Kushner Cos. is leaving Philadelphia with the sale of its only asset in the city, a stake in an apartment-and-retail complex with a party-ready courtyard. The real estate firm once run by presidential son-in-law Jared Kushner sold its portion of Schmidt’s Commons, a 10-building complex in the Northern Liberties neighborhood, for $44.1 million, according to the buyer, Post Brothers. The company is a local apartment developer that had been eyeing the property ever since Kushner Cos. and Oaktree Capital Management LP acquired it five years ago..."

"Cincinnati ranked most affordable rental market" - BizJournals.com

"Cincinnati was recently ranked the most affordable place for renters to live alone. A report published by New York-based personal finance technology company SmartAsset dubbed Cincinnati the most affordable rental market out of 100 major U.S. cities. Columbus, the largest city in Ohio by population size, also placed within the top 10 at No. 9..."

"Housing crunch will grow if Atlanta lands Amazon’s HQ2" - MYAJC.com

"If Atlanta wins Amazon’s second headquarters, the region will get wealthier, but the demand for homes will soar and the gap between haves and have-nots will also likely surge. According to housing experts and economists, the metro area would get a flood of well-paid and mostly young professionals within a short time. In general, companies move in and out of a region and nobody really notices, said John Rainey, region vice president of Re/Max Georgia..."

"Midwest and Southern Cities Have ‘Hottest’ Real Estate" - MansionGlobal.com

"The U.S. home buying frenzy is spreading from the pricier coastal cities to areas into the South and Midwest, according to research Realtor.com published on Thursday. Midland, Texas, a medium-sized city midway between Dallas and El Paso near the state’s western border, topped the list of the country’s hottest cities in May for the second month in a row. The rise of small-fry locales in the country’s center mark a shift from earlier this year when California cities dominated the index..."

"Group temporarily bans real estate signs to improve town" - SeattleTimes.com

"Real estate agents in a Connecticut town have agreed to a temporary ban on for sale signs outside homes in attempt to make the community more attractive. The Advocate reports that the New Canaan Board of Realtors and the New Canaan Multiple Listing Service will start a six-month trial ban beginning July 1...."

"Real estate agent is a hot career again in Arizona" - AZCentral.com

"Selling homes in metro Phoenix is a popular career again, thanks to rising home prices and sales. More new names are popping up on Valley "for sale" signs, and real estate licensing classes are getting fuller. And then the career path got a little viral boost from Lauren Burnham, the fiancee of ABC’s The Bachelor, Scottsdale real estate agent Arie Luyendyk Jr. Burnham recently moved to Phoenix and tweeted out to her many followers that she's working on getting her real estate license..."

"The Richest Self-Made Woman In Real Estate Shares Her Best Advice" - Forbes

"How did Dottie Herman become the richest self-made woman in real estate? As CEO of Douglas Elliman, Herman sits at the helm of one of the nation’s oldest and largest real estate brokerage firms with approximately $27.4 billion in annual sales volume and 7,000 real estate agents..."

"Prospective buyers persist in a tough real estate market" - WashingtonPost.com

"Listings for homes for sale have dropped year-over-year for 34 consecutive months, according to the National Association of Realtors, as prospective buyers are likely aware. Yet the most recent Housing Trends Report by the National Association of Home Builders shows that most home buyers won’t give up looking for a home..."

"Rising Risks: Waterfront real estate in Boston rises in the face of stronger storms" - CNBC.com

"If last year was any guide, storms are getting increasingly intense, dangerous and destructive. Sixteen separate weather disasters in 2017 caused more than $300 billion in economic losses, including damage to both commercial and residential real estate, according to the National Oceanic and Atmospheric Administration, or NOAA. That is a new annual record. This year started with a bang as well. Back-to-back nor'easters slammed into the New England coast. The powerful storms sent water flooding in to Boston's historic Seaport District. It was what city planners had predicted, just not yet..."

"How the New Tax Law Affects Your Real Estate Business" - Entrepreneur.com

"The Tax Cuts and Jobs Act (TCJA) brings big tax changes to the real estate sector, the likes of which haven't been seen since the Tax Reform Act of 1986. Fortunately, the impact on real estate businesses should be mostly positive. That said, there are some crucial changes that business owners and entrepreneurs in the real estate sector should look out for moving forward..."

"Florida Bar Claims Miami Attorney Forged Signature on Real Estate Documents" - Law.com

"Miami attorney Orlando Delgado faces disciplinary proceedings for alleged mortgage fraud, according to a Florida Bar complaint filed against him..."

"U.S. Real Estate Shares Rose Sharply Last Week" - SeekingAlpha.com

"Real estate investment trusts (REITs) posted the strongest gain for the major asset classes last week, based on a set of exchange-traded products..."

"Bridgehampton now has the best real estate bargains on the East End" - NYPost.com

"A fresh season is breathing new life into the Hamptons housing market, and bucolic Bridgehampton is seeing the sharpest growth, with a 64-percent rise in home sales in the first quarter of 2018, compared to the same period last year..."

"Looking for new investment? Owning rental home almost as lucrative as stock market" - USAToday

"Millions of Americans who own rental homes count on the income they receive from rent but may not know how they stack up as investments. A new study might change that. Single-family homes in large U.S. cities have generated returns of about 9% annually on average, according to the study, which examined results from 1986 to 2014..."

"How much home you can really buy with $300,000? A comparison of real estate markets" - USAToday

"The nation's largest homebuilder is rolling out the welcome mat for Amazon's Alexa. See the high-tech bells and whistles being built into new Lennar homes..."

"Best Real Estate Markets for Homeowners in the U.S." - TheStreet.com

"Last year real estate experts predicted that 2018 should continue to be a good year for homeowners, while others are more cautious. But, as always, location is key. These real-estate markets are the healthiest in the U.S...."

"12 Things You Need To Know About North Texas Real Estate" - Forbes.com

"About 60,000 people moved to North Texas between 2015 and 2016. By North Texas, I mean the 12 counties and cities that bubble out from the Dallas/Fort Worth (or, as Fort Worthians say, Fort Worth/Dallas) hub stretching over 9,286 square miles, the largest inland land area in the U.S. And it is spreading out like crazy: Frisco and McKinney were the fastest growing suburbs in the U.S. last year. That's why acres of homes and apartments are exploding in former farm stops such as Frisco..."

"Inman Announces offrs.com Among 2018 Inman Innovator Award Finalists" - PRWeb.com

"Real estate insider and industry pillar, Inman has announced this year’s Inman Innovator Award Finalists, among them, predictive analytics and lead generation solutions provider offrs.com. The annual award, which selects a winner from the RE innovation categories of Technology, Company, Broker Owner, Agents, MLS or Association, Team and Marketing Program has identified offrs as a Finalist in the “Most Innovative Real Estate Technology” category for 2018..."

"Real estate law trends to watch this year" - AZBigMedia.com

"ZRE spoke with some of the great legal minds in commercial real estate to find out what trends and issues they say we should look at before making that next deal..."

"Rising Rates Vs. The Housing Market" - NPR.org

"Interest rates had been falling for most of the past three decades – but two years ago, they started climbing. The yield on the 10-year Treasury note recently climbed above 3%, up from less 1.5% just a couple of years ago..."

"Structuring Programmatic Real Estate Joint Ventures" - Law.com

"In their Transactional Real Estate column, Peter E. Fisch and Mitchell L. Berg discuss “programmatic” or “platform” joint ventures—a means of structuring a series of commercial real estate investments between sponsors and capital partners..."

"Announcing the 2018 Inman Innovator Award Finalists" - Inman.com

“The Inman Innovators represent the brightest minds in real estate working make the industry better, faster, together,” said Brad Inman, publisher of Inman. “We thank all the finalists on this year’s list for their efforts to elevate real estate, and we’re excited to announce and celebrate their accomplishments in July...”

offrs.com Releases Results of Algorithm that Predicts Future Listings of Residential Real Estate

offrs.com Releases Results of Algorithm that Predicts Future Listings of Residential Real Estate

"Real estate data and lead generation solutions provider, offrs.com today released the results of their 2017 post-market evaluation, concluding with a 73% accuracy on residential homes projected to list up to 12 months in advance of listings. The offrs.com data team performed its annual market evaluation which involved additional external research partners as well as a direct data licensing agreement with MLS, recently secured as a strategic partner in the offrs.com network..."

"Single women account for more real estate purchases than single men" - WashingtonPost.com

"It’s the gender gap you don’t hear so much about: Single women are buying homes and condos at what may be more than twice the rate of single males, and the trend appears to be accelerating..."

"Why Automation In Real Estate Is A Blessing, Not A Curse" - Forbes.com

"One of the few lingering concerns is that increased adoption of technology will result in job losses. But at its core, automation is about helping industry professionals perform their jobs better and should be embraced, not feared..."

"Americans know housing is a seller’s market but buyers still want in" - MarketWatch.com

"In Gallup’s most recent survey, far more Americans said yes than no, although the 65% response rate was down from 67% last year, and down even more from 74% in 2014, when the housing recovery was kicking into high gear..."

offrs.com Announces Winners of the Inman Connect San Francisco (ICSF18) Sweepstakes

offrs.com Announces Winners of the Inman Connect San Francisco (ICSF18) Sweepstakes

In April, Inman launched a Sweepstakes that would award two random entrants a complimentary All Access Pass to the Inman Connect San Francisco 2018 conference in July. The two lucky winners have been announced and provided insight on what they expect to learn at this year's conference...

"Austin's best buildings: 2018 ABJ Commercial Real Estate Awards celebrate excellence in construction, dealmaking" - BizJournals.com

"Nine of the best real estate projects in Central Texas won big Wednesday night at Austin Business Journal's 2018 Commercial Real Estate Awards, along with a longtime executive who's had a hand in the transformative wave sweeping the region. About 350 attendees were on hand at the awards dinner at the Four Seasons Hotel Austin..."

"March home prices make their biggest jump in 4 years—and half of the biggest housing markets are now overvalued" - CNBC.com

"Home prices have been rising steadily since the recession, but the gains are suddenly accelerating as spring demand heats up in an already highly lean and competitive market..."

"This Serial Tech Entrepreneur Put His $8 Million Home Up For Sale In Bitcoin" - Forbes.com

"For many Americans, the most valuable asset in their investment portfolio is their home. Properly managing this asset and ensuring that it plays into other long-term financial goals requires real estate expertise, which is a skill set most financial advisors lack. However, putting financial advisors and realtors under one roof can create a cross-pollination of ideas and expertise that provides homeowners with a holistic picture of their assets and how to maintain them..."

"Anonymous Owner, L.L.C.: Why It Has Become So Easy to Hide in the Housing Market" - NYTimes.com

"L.L.C.s shield property owners from personal liability while obscuring their identities. In some cases, so much anonymity also enables money laundering, and it can mean that tenants struggle to hold landlords accountable, that cities fail to fix blight and that researchers can’t answer basic questions about the housing market. As much as people may want to keep their financial dealings private, the housing market has long been an unusually transparent place..."

"Researchers: Urban Sprawl Could Impact D.C./Baltimore Housing Market By 2040" - baltimore.cbslocal.com

"Researchers at the University of Maryland College Park have examined how certain changes could affect the quality of life for people in the Baltimore-Washington area about 20 years from now in 2040..."

"The Fighting Has Begun Over Who Owns Land Drowned by Climate Change" - Bloomberg.com

"A decade after the global financial crisis popularized the term “underwater real estate,” parts of the U.S. are grappling with a new, more literal version of that problem..."

It's official: "Real estate industry-focused periodical 'The Buzz' launches with focus on RE pros, home sellers, home buyers and homeowners" - JSOnline.com

It's official:

"DailyRealEstateBuzz.com ('The Buzz') editorial staff announces launch of the real estate industry-focused online periodical with emphasis on bridging industry peer and home market consumer interests. The launch places in motion established content partnerships as well as best practice tips and advice gathered from across multiple industries by The Buzz’s research staff..."

"Seattle hits 18 months as nation’s hottest housing market with no signs of slowing down" - GeekWire.com

"Seattle has held the title of the nation’s hottest housing market for 18 months and counting, as continued population growth powered by the region’s tech boom and few available homes keep prices soaring..."

"Racism in the Housing Market" - NYTimes.com

"If the entire industry can take these same steps, perhaps we can finally start to address and move to eradicate the despicable role that racism is playing in minority homeownership levels, even as we wait for the law to catch up..."

"Changes ahead for Planning Commission?" - AustinMonitor.com

"At this week’s meeting, City Council is scheduled to consider changes to how members of the city’s Planning Commission are selected. The city attorney’s office has offered two alternative approaches – one of which could have a radical impact on the number of engineers, architects and other design professionals allowed to serve on the commission..."

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