"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..."
"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..."
"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..."
"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...'"
"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..."
"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 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..."
"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..."
"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..."
"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..."
"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..."
"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..."
"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..."
"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..."
"(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 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..."
"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..."
"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..."
"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...."
"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..."
"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..."
"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..."
"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..."
"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..."
"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..."
"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..."
“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...”
"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..."
"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..."
"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..."
"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..."
"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..."
"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..."