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RE HEADLINES:
  • "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..."

News Headlines

"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..."

"Philly Real Estate Week hopes to bridge information gap" - Philly.Curbed.com

"A first annual Real Estate Week is coming to Philly this spring, and with it, organizers are hoping to bring lesser-known information on urban planning, home ownership and the structure of the city to the public..."

"Spring hits the housing market as weekly mortgage applications rise 4.9%" - CNBC.com

"A rise in the thermometer across much of the country last week may have been just the remedy for an ailing mortgage market. Mortgage applications increased 4.9 percent from the previous week, according to the Mortgage Bankers Association's seasonally adjusted weekly reading..."

"Stalled Mobility: Another Problem For The Housing Market" - Forbes.com

"The real-estate market is a very important part of the economy and after a nice recovery there are a few cracks forming on the periphery..."

"How Phoenix's Real Estate Market Is Faring 10 Years After Housing Crisis" - NPR.org

"Phoenix was among the cities hit hardest by the mortgage and foreclosure crisis. Ten years later, the city and its real estate market have rebounded, but no one has forgotten..."

"Real estate juggernaut Zillow is going to start buying and flipping houses" - DigitalTreands.com

"Zillow is no longer playing the middleman in the real estate game. On Thursday, the Seattle-based company announced that it would expand testing of a pilot program in Phoenix, in which it will buy and sell homes directly..."

New D.C.-area real estate firm offers a twist to sellers: They’ll get a commission rather than pay one." - WashingtonPost.com

New D.C.-area real estate firm offers a twist to sellers: They’ll get a commission rather than pay one.

"A new real estate brokerage with plans to disrupt the Washington housing market started out with a big surprise: From now through May 31, sellers who list their house with the brokerage will be paid $1,000 rather than pay a commission to sell their property. After the initial launch, sellers will pay a flat fee of $995. In all cases, the sellers pay the buyer’s agent commission of 3 percent..."

"offrs.com co-founder Rich Swier at ERA conference in 2018 reviews the impact real estate agents have on RE technology and tech providers" - ChicagoEveningPost.com

"Every broker will be looking to expand their investment in data to fuel continued lead generation, better serve existing clients and help assure future growth in an increasingly competitive market..."

"Puerto Rico to get $18.5 billion to rebuild shattered housing market" - Reuters.com

"Puerto Rico will receive $18.5 billion from the U.S. Department of Housing and Urban Development to help rebuild its battered housing stock and infrastructure after September’s Hurricane Maria, the island’s governor and HUD officials said on Tuesday..."

"DuPage County Named Most Expensive Housing Market in Illinois" - NBCChicago.com

"It appears a northern Illinois county is home to the most expensive housing market in the state, according to a new study. DuPage County was named the priciest market for home buyers in Illinois, with a median price of $316,749..."

"POLL: Developers, Tech Industry Fueling High Real Estate Prices" - CBSLocal.com

"When it comes to real estate sticker shock, a new poll has found that a majority of Bay Area residents place the blame for the high cost of housing on developers and the tech industry. The Silicon Valley Leadership Group says the steep prices are the downside of a booming economy..."

"Home buying market so brutal, some home buyers make offer sight unseen" - USAToday.com

"This spring home-buying season should be a coming-out party for Millennials, many of whom are finally ready to make a purchase after hunkering down for years in their parents’ basements or expensive apartments. The only problem: Much of the food at the party is gone, and what’s left is priced like caviar..."

"The 50 Most Important Figures of Commercial Real Estate Finance" - CommercialObserver.com

"In a competitive year for lending, top financiers duking it out for every deal included, left to right, Jeff DiModica, Brian Baker, Kara McShane, Jeff Fastov, Jeffery Hayward and Marcia Diaz..."

"Hot housing market: home buyers are spending more than expected" - USAToday.com

"In January, home prices nationally were up an average 6.2% from a year earlier, according to the S&P CoreLogic Case-Shiller home price index. Prices have risen nearly 50% from their 2012 bottom. Supply shortages, combined with a healthy job market that’s fueling demand, are blamed for the recent price run-up..."

"New York's luxury real estate market is in correction" - CNBC.com

"Real estate sales in Manhattan plunged 25 percent in the first quarter from a year ago, as the new federal tax law, stock market swings and a glut of luxury condos spooked buyers..."

"A booming housing market has realtors in a bind" - CBSNews.com

"Making a living as a realtor, which has never been easy, is becoming increasingly difficult. A record numbers of them are scrambling to broker a dwindling number of available properties in a hot market as housing prices continue to rebound from recession-era lows..."

"The Starbucks View of Retail Real Estate" - nreionline.com

"As retailers continue to make headlines with bankruptcy filings and liquidations, one major tenant is said to be predicting that if the current environment persists, it might permanently reduce its real estate costs..."

"Travis Kalanick buys real estate company, takes CEO reins" - MercuryNews.com

"Former Uber Chief Executive Travis Kalanick talks to the media during an event at the 2016 Breakthrough Prize awards ceremony at NASA Ames Research Center, in Moffett Field Mountain View, on Sunday, Nov. 8, 2015. Kalanick said late Tuesday that he’s buying a controlling stake in a distressed real estate company called City Storage Systems for $150 million and installing himself as CEO..."

"Will Real Estate Technology Find a Home at SXSW?" - PropModo.com

"The topic of real estate may not be catching the headlines on USA Today this week, but there’s a growing real estate and PropTech scene here at the Austin mega-festival this year."

Soon you could own shares of this Brooklyn apartment building with tokens costing just a few dollars - CNBC.com

Soon you could own shares of this Brooklyn apartment building with tokens costing just a few dollars - CNBC.com

"A Brooklyn building may be the first foray into a new investment model that could allow people to invest in a piece of real estate with just a few dollars and the click of a few buttons. Next month, accredited investors can own fractional shares of the five-unit building, represented by tokens purchased through a website built on the ethereum blockchain. Those investors would reap a proportionate amount of rental income. If the building grows in value, so would those shares..."

"Monthly Mortgage Costs to Jump Sharply in 6 Major Markets" - Investopedia.com

"Home prices have been marching higher for several years now, but with mortgage interest rates also ticking up, financing costs are poised to increase significantly in six major markets..."

"'Seller's Market': Foxconn could ignite an already hot housing market" - TMJ4.com

"In Foxconn’s incentive package with the state, the company is supposed to have a thousand jobs in place by the end of the year and eventually employ 13,000 workers. 'As Foxconn comes in and more jobs come in there is that potential that there could be more housing needs,' said Balaka..."

"Tax Law Changes Impacting Real Estate Owners, Developers, and Investors" - JDSupra.com

"On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (the 'Act') into law. The Act provides the most sweeping change to the U.S. federal income tax laws in decades and will impact taxpayers engaged in the real estate industry. This alert provides brief answers to some of the important questions we are being asked by real estate owners, developers, and investors concerning the Act and the new partnership audit rules that apply beginning with the 2018 tax year..."

"Lack of Inventory in San Francisco’s Housing Market Has Prices Surging" - MansionGlobal.com

"A lack of supply and thriving buyer demand in San Francisco’s real estate market has the city’s housing market hot under the collar. The market is 'about as heated now as it has been at any time in the past 10 years,' according to a report Thursday by Paragon Real Estate Group, though the brokerage warned that it’s still early in the year to come to any definitive conclusions about where the year is going..."

"In Real Estate, It Pays to Put Women on the Board, Study Shows" - Bloomberg.com

"Real estate is still largely a man’s world, but companies with women on the board are the ones rewarding investors..."

"As housing prices rise on Oahu, would-be homebuyers warm to condos" - HawaiiNewsNow.com

"As housing prices continue to soar, would-be homebuyers on Oahu are turning to a more affordable alternative: Condos. Condo sales increased 6.4 percent in February, compared to the same month last year, according to the Honolulu Board of Realtors. Meanwhile, the median price for a condo on Oahu hit $409,000 in February. That's up from $385,000 a year ago..."

"A Pioneer in Real Estate Blockchain Emerges in Europe" - WSJ.com

"The blockchain technology that underpins cryptocurrencies such as bitcoin could change the way property deals are done and recorded more than any other new technology, real-estate and technology experts say. And Sweden’s nearly 400-year-old land mapping and registration authority is likely to become one of the first government agencies to test using blockchain technology for conducting property sales..."

"A Driverless Future Threatens the Laws of Real Estate" - Bloomberg.com

"'Real estate might be the industry that is most transformed by autonomous vehicles,' said David Silver, who teaches self-driving engineering at Udacity Inc., an online university that has enrolled more than 10,000 students who want in on the transport of the future. 'It could change real estate from a business that is all about location, location, location...'”

"In Toronto’s Housing Market, The Party Really Is Over, Latest Data Shows" - HuffingtonPost.ca

"The once-unstoppable juggernaut that was Greater Toronto's housing market has slowed to a crawl, with preliminary data for February showing sales taking a deep dive and prices well off last year's highs..."

"Beacons pick up where GPS stops: mining data inside buildings" - TheRealDeal.com

"GPS 'is a critical element of digital services in our lives outside of work,' said Chris Kelly, co-founder of the tech-focused office services firm Convene. 'There’s just one problem with GPS: It can’t see inside buildings.' But beacons — tiny devices that can be placed almost anywhere in a room — can. And they are slowly starting to reconfigure the use of commercial real estate..."

"Three Big Myths About LA's Real Estate Bubble" - Forbes.com

"As real estate investors, prospective homebuyers and brokers look back, 2017 could probably be called 'The Year of Real Estate Records.' Dozens of major real estate markets saw rent and home prices continue to rise, sometimes even hitting all-time highs, while building on years of steady growth since the housing collapse a decade ago. It’s truly striking, and with each day that passes, 2018 shows few signs of slowing down..."

"Tenants Demand Technology from Real Estate Industry Still Using Spreadsheets" - PropModo.com

"Despite the trend of modernizing back office real estate processes, a surprisingly high percentage of real estate owners and operators are still using spreadsheets and paper to manage their properties. A new report out today outlines just how large the divide is between what tenants expect and how the commercial real estate industry actually operates..."

"New York's Have and Have-Not Housing Market" - Bloomberg.com

"New York City has added an estimated 488,478 housing units since 1991. For a city that has added 1.1 million jobs over that same period, that's not great, but it's not terrible, either. Where things get complicated -- and in some ways less encouraging -- is in exactly what kind of housing it has added..."

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