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News Headlines

"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..."

"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..."


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