Real Estate Plus+ Daily News
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Real Estate Plus+ Daily News
Real Estate Related News Plus Miscellaneous Tech Stories and News of Interest
Curated by Russ Bergeron
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Calif - July 2017 sales and price

Calif - July 2017 sales and price | Real Estate Plus+ Daily News | Scoop.it
Closed escrow sales of existing, single-family detached homes in California remained above the 400,000 benchmark for the 16th consecutive month and totaled a seasonally adjusted annualized rate of 421,460 units in July, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide sales figure represents what would be the total number of homes sold during 2017 if sales maintained the July pace throughout the year.
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NAR - Home Prices Jump 6.2 Percent in Second Quarter; Eclipse 2016 High

NAR - Home Prices Jump 6.2 Percent in Second Quarter; Eclipse 2016 High | Real Estate Plus+ Daily News | Scoop.it
The headstrong supply and demand imbalances in much of the country slightly tempered the pace of sales and caused home prices to maintain their robust growth in the second quarter, according to the latest quarterly report by the National Association of Realtors®.
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Here’s the No. 1 new home market in the U.S.

Here’s the No. 1 new home market in the U.S. | Real Estate Plus+ Daily News | Scoop.it
Dallas-area housing starts increased 3.4% from the first to the second quarter of 2017, the study showed. This makes a total 31,049 new home starts within the past 12 months ending in the second quarter. Housing starts jumped 14% from the second quarter of 2016 to the second quarter of 2017.
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Residential Remodeling Index Reaches All-Time High

Residential Remodeling Index Reaches All-Time High | Real Estate Plus+ Daily News | Scoop.it
Metrostudy, a Hanley Wood company, announced today that its second quarter 2017 Residential Remodeling Index (RRI) increased to a new high of 108.7, representing a solid 4.7% increase from 103.9 one year earlier and a 1.3% increase from 107.3 in the previous quarter. The index has now seen twenty-one consecutive quarters of year-over-year gains since 2011, which was the bottom of the remodeling market in terms of activity.
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Homebuilders’ confidence rises with demand for new homes

Homebuilders’ confidence rises with demand for new homes | Real Estate Plus+ Daily News | Scoop.it
Confidence among home builders grew in August alongside the rising demand for new homes, according to the National Association of Home Builders and Wells Fargo Housing Market Index.

After falling last month to 64 due to rising material costs, the index increased once again in August to a level of 68 points, according to the HMI report.
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Home Depot reports record sales numbers

Home Depot reports record sales numbers | Real Estate Plus+ Daily News | Scoop.it
According to the home improvement store’s latest earnings release, sales surged to $28.1 billion for the second quarter of fiscal 2017, a 6.2% increase from the second quarter of fiscal 2016.
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Builders: The 55+ housing market is going strong

Builders: The 55+ housing market is going strong | Real Estate Plus+ Daily News | Scoop.it
The sheer size of the baby boomer generation has been a marketing bonanza for retailers since they started to walk, and it appears to be a boon for the housing industry as they begin to retire – and 10,000 per day are retiring.
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Bomb shelters pop up in real estate listings. Reminder: It’s not 1962

Bomb shelters pop up in real estate listings. Reminder: It’s not 1962 | Real Estate Plus+ Daily News | Scoop.it
Marketing manager Ryan Nickum said Estately sees homes with bomb shelters come on the list nationally about once a week. Six have been listed in the past couple of days.
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Meet Airbnb’s newest competitor: Google

Meet Airbnb’s newest competitor: Google | Real Estate Plus+ Daily News | Scoop.it
The tech giant is making listings viewable through its hotel search engine in some European cities. Vacationers can now add accommodation type when searching on Google and browse through homes and apartments.
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Housing bubble fears stronger in Washington than in any other state

Housing bubble fears stronger in Washington than in any other state | Real Estate Plus+ Daily News | Scoop.it
According to a survey by ValueInsured, 71% of adults across Washington state are worried about a coming housing bubble, and think that the state’s home prices are overvalued and unsustainable. This was the highest percentage recorded of any state in the nation – 68% of New Yorkers fear a potential bubble, followed by 63% of Floridians.
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Fannie, Freddie postpone new credit scoring models

Fannie, Freddie postpone new credit scoring models | Real Estate Plus+ Daily News | Scoop.it
If you've been waiting for the long-anticipated news that the two dominant players in the home mortgage arena – Fannie Mae and Freddie Mac – finally have decided to overhaul their outdated credit scoring systems to expand homeownership opportunities for a broader range of consumers, sorry. Your wait just got a lot longer.
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Nextdoor CEO shares thoughts on latest venture into real estate

Nextdoor CEO shares thoughts on latest venture into real estate | Real Estate Plus+ Daily News | Scoop.it
The online real estate industry is on fire, as businesses in the industry keep announcing new growth initiatives right as other companies announce they want in on the untapped potential.

Nextdoor, a social network for neighborhoods, is included in this, recently launching a new section for real estate in its mobile application in ten major markets across the United States.
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Calif 2nd Qtr Housing affordability report

Calif 2nd Qtr Housing affordability report | Real Estate Plus+ Daily News | Scoop.it
The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in second-quarter 2017 fell to 29 percent, down from 32 percent in the first quarter of 2017 and down from 31 percent in the second quarter a year ago, according to C.A.R.’s Traditional Housing Affordability Index (HAI).
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Home builders slow down construction in July

Home builders slow down construction in July | Real Estate Plus+ Daily News | Scoop.it
And privately-owned housing units authorized by building permits also decreased, falling 4.1% from June’s rate of 1.28 million to 1.22 million in July, the report showed. But this is still up 4.1% from 1.18 million in July 2016.
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Florida Realtors kicks off ‘Amendment 2 is for Everybody’ campaign

Florida Realtors kicks off ‘Amendment 2 is for Everybody’ campaign | Real Estate Plus+ Daily News | Scoop.it
Florida Realtors, the state's largest professional trade association, officially kicked off its campaign to pass Amendment 2, which gives voters the chance to make a 10 percent cap on annual non-homestead property tax increases permanent. It will appear on the 2018 general election ballot.
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CENTURY 21 REAL ESTATE NAMES NICK BAILEY AS PRESIDENT AND CEO

CENTURY 21 REAL ESTATE NAMES NICK BAILEY AS PRESIDENT AND CEO | Real Estate Plus+ Daily News | Scoop.it
Century 21 Real Estate LLC today announced that Nick Bailey, formerly of the Zillow® Group, has been appointed president and chief executive officer. The iconic brand did its part to engage home buyers and sellers and sales professionals online by ushering in the Bailey era this morning via a multi-channel release of an innovative Facebook Canvas ad that allows viewers to not only connect with the announcement but also to be a part of it.
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S&P/Experian: Mortgage default rate at lowest level in a decade

S&P/Experian: Mortgage default rate at lowest level in a decade | Real Estate Plus+ Daily News | Scoop.it
Despite a slight increase in July, the default rate for first mortgage loans still sits at its lowest point in the last 10 years, according to the latest S&P/Experian Consumer Credit Default Indices.

In fact, the mortgage default rate for first and second mortgages aren’t too far off from their July 2016 level, as homebuyers get better at paying their mortgage on time.
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International home buying is absolutely booming in Texas

International home buying is absolutely booming in Texas | Real Estate Plus+ Daily News | Scoop.it
During that time, foreign buyers accounted for $18.66 billion in home sales in Texas, up sharply from $10.2 billion during the report’s previous period, from April 2015 through March 2016. That’s an increase of nearly 83%.
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Seller Cancellation Must Be Done 'By The Book' 

Seller Cancellation Must Be Done 'By The Book'  | Real Estate Plus+ Daily News | Scoop.it
a little over a year ago, the legal department of the California Association of Realtors (CAR) produced a memorandum titled, "How a Seller May Cancel a Purchase Agreement: Checklist and Q&A".
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California real estate shakeup: Merger will create state’s largest independent brokerage

California real estate shakeup: Merger will create state’s largest independent brokerage | Real Estate Plus+ Daily News | Scoop.it
According to a release from the companies, the combined firm creates the largest independent luxury real estate brokerage in California, with 2016 sales volume of $12.61 billion and projected 2017 sales volume of more than $15 billion.
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12 of the most beautiful office buildings in the world

12 of the most beautiful office buildings in the world | Real Estate Plus+ Daily News | Scoop.it
Office buildings can be drab, dreary, and downright dreadful. 

They don't have to be. The 2017 World Architecture Festival has released its shortlist for the most beautiful office buildings in the world—and you can seem them below in all their angular glory.
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Studies Are Usually Bunk, Study Shows

Studies Are Usually Bunk, Study Shows | Real Estate Plus+ Daily News | Scoop.it
Interesting commentary in today's Wall Street Journal (subscription) asserting that the barrage of studies coming out of academia, and elsewhere, are pretty much inane claptrap.
Russ Bergeron's insight:
Had to send this - just for the headline.
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There should still be another rate hike in 2017 

There should still be another rate hike in 2017  | Real Estate Plus+ Daily News | Scoop.it
Federal Reserve Bank of New York President William Dudley said it isn’t unreasonable to expect the central bank to announce plans in September to start trimming its balance sheet and said he supports another interest-rate increase this year if the economy evolves as he expects.
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Couple convert ex-Royal Navy helicopter into luxury cabin for five

Couple convert ex-Royal Navy helicopter into luxury cabin for five | Real Estate Plus+ Daily News | Scoop.it
Martyn and Louise Steedman, the owners of Mains Farm Wigwams, have converted a decommissioned Sea King helicopter into a luxury tiny dwelling that is now available to glamping and tiny house enthusiasts.
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Welcome to the neighborhood: Blackstone, Starwood merger to create nation's biggest single-family landlord

Welcome to the neighborhood: Blackstone, Starwood merger to create nation's biggest single-family landlord | Real Estate Plus+ Daily News | Scoop.it
Blackstone Group and Starwood Capital group will merge their single-family rental businesses, creating a new landlord of 82K rental homes across 17 metro areas.
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