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California’s median home price posts highest level in nearly five years as intense competition increases

California’s median home price posts highest level in nearly five years as intense competition increases | Real Estate Plus+ Daily News | Scoop.it

Strong sales in higher-cost coastal regions and heated market conditions drove California’s median home price to its highest level in March since May 2008, while inventory shortages continued to stifle home sales, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported. 

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Homes with Over 30 Favorites Sell in Under Two Weeks and for More Money

Homes with Over 30 Favorites Sell in Under Two Weeks and for More Money | Real Estate Plus+ Daily News | Scoop.it
Homes across the U.S. that receive 30 or more favorites within their first week of hitting the market typically sell in under two weeksiii, with over 40 percent selling above list price. But homes that get 10 or fewer favorites in their first week go for less money and take over a month to sell.
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Technology, Inventory and Competition Among Firms’ Top Challenges: Realtors® Survey

Technology, Inventory and Competition Among Firms’ Top Challenges: Realtors® Survey | Real Estate Plus+ Daily News | Scoop.it
Keeping up with technology, maintaining sufficient inventory, competition from nontraditional participants and profitability are among the biggest challenges for real estate firms,  according to the National Association of Realtors® 2017 Profile of Real Estate Firms.
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FHFA: Home prices increase 6.6% in second quarter

FHFA: Home prices increase 6.6% in second quarter | Real Estate Plus+ Daily News | Scoop.it
The HPI increased 1.7% from the first quarter to the second quarter of 2017, and increased 6.6% from the second quarter last year. However, the seasonally adjusted month index increased only 0.1% from May to June.
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Microsoft's speech recognition system is now as good as a human

Microsoft's speech recognition system is now as good as a human | Real Estate Plus+ Daily News | Scoop.it
Microsoft researchers have hit a milestone 25 years in the making. The company's conversational speech recognition system has finally reached an error rate of only 5.1 percent, putting it on par with the accuracy of professional human transcribers for the first time ever.
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California Bureau Of Real Estate Makes Disciplinary And Criminal Records Publicly Available 

California Bureau Of Real Estate Makes Disciplinary And Criminal Records Publicly Available  | Real Estate Plus+ Daily News | Scoop.it
It may come as a surprise to some, but, as a matter of fact, one or more prior legal convictions may prevent a person from obtaining a California real estate license. There is emphasis on the may.
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Smishing: hackers' favorite new way to ruin your life

Smishing: hackers' favorite new way to ruin your life | Real Estate Plus+ Daily News | Scoop.it
Smishing is short for “SMS phishing.” It is a type of security attack where scammers trick cell phone users to download viruses through carefully crafted text messages. Smishing has become more popular than email scams because believe it or not, it works.
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Nationstar no more: Nonbank is now officially Mr. Cooper

Nationstar no more: Nonbank is now officially Mr. Cooper | Real Estate Plus+ Daily News | Scoop.it
Nationstar’s massive rebranding, which HousingWire first reported back in December 2015, became official on Monday morning, with the nonbank dropping the Nationstar name and becoming Mr. Cooper.

The Mr. Cooper brand will cover both the company’s mortgage servicing and originations operations.
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What’s This? A New Look for an Iconic Brand?

What’s This? A New Look for an Iconic Brand? | Real Estate Plus+ Daily News | Scoop.it
“Our new look better represents the enthusiastic entrepreneurs who comprise our network,” said Contos. “Great brands evolve and RE/MAX is no different. We believe the updated balloon and wordmark will help our agents grow their business and give them an even bigger competitive advantage in digital, social media and mobile marketing.”
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World's biggest underground bike parking center opens in Utrecht

World's biggest underground bike parking center opens in Utrecht | Real Estate Plus+ Daily News | Scoop.it
Cyclists in Utrecht started using a three-storey parking garage under the train station last week, ahead of the official opening on August 21. It already boasts thousands of spaces, but when complete, it will be the world's largest parking facility for bikes.
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Cash home sales increase as competition heats up

Cash home sales increase as competition heats up | Real Estate Plus+ Daily News | Scoop.it
Cash sales are one the rise in the competitive housing market, significantly above historic levels, according to Freddie Mac’s monthly Outlook for August.

Mortgage originations are decreasing due to the increase in cash sales, the report showed. While not popular among homebuyers, the highly competitive market is driving more buyers toward cash sales.
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How Many of these 25 Brain Teasers Can You Solve?

How Many of these 25 Brain Teasers Can You Solve? | Real Estate Plus+ Daily News | Scoop.it
A slippery sloth climbs six feet up a utility pole during the day, then slides back down five feet during the night. If the pole is 30 feet high and the sloth starts from the ground (zero feet), how many days does it take the sloth to reach the top of the pole?
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How long until eClosings are standard practice for mortgages?

How long until eClosings are standard practice for mortgages? | Real Estate Plus+ Daily News | Scoop.it
Nancy Pratt, Pavaso vice president of Partner Relations & Government Affairs, added, “Nevada supports the vision of a paperless, fully digital closing, by allowing eRecording. A program for eNotarization is underway, but a hybrid closing is necessary since many investors still require a physical, rather than digital signature for certain closing documents.”
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August 2017 RE/MAX National Housing Report

August 2017 RE/MAX National Housing Report | Real Estate Plus+ Daily News | Scoop.it
July home sales declined 0.8% year-over-year, and the Median Sales Price of $239,950 – while slightly lower than June’s – was 7.4% higher year-over-year. Homes sold quickly in July, with an average 45 Days on Market, a record low for the report.
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Fighter jet scares the crap out of a bunch of people on a beach

Fighter jet scares the crap out of a bunch of people on a beach | Real Estate Plus+ Daily News | Scoop.it
During the Sunday, one pilot managed to troll a beach on Lake Michigan filled with onlookers by sneaking up behind the crowd during a pass. The practice, common among The Blue Angels is called a sneak pass, but it's pretty great every single time. 
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NYC, San Francisco Could See An Apartment Selloff As Investors Turn To Secondary Markets For Better Returns

NYC, San Francisco Could See An Apartment Selloff As Investors Turn To Secondary Markets For Better Returns | Real Estate Plus+ Daily News | Scoop.it
Ten-X recommends buying in Sacramento, Phoenix, Las Vegas, Raleigh-Durham and Jacksonville. All of these markets have benefited from population growth, strong absorption and rent growth thanks to favorable housing prices that have driven residents to these areas.
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Fannie Mae joins Freddie in allowing appraisal-free purchase mortgages

Fannie Mae joins Freddie in allowing appraisal-free purchase mortgages | Real Estate Plus+ Daily News | Scoop.it
The Property Inspection Waivers will be allowed on mortgages with low loan-to-value ratios. The GSE explained the change will allow lenders to offer better efficiency and cost savings.
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8 Things You Might Not Know About the Louvre

8 Things You Might Not Know About the Louvre | Real Estate Plus+ Daily News | Scoop.it
Napoleon Bonaparte wasn’t above a little self-glorification. Having spearheaded the transformation of the Louvre from a cultural hub to his own tributary, he had the name changed to the Musée Napoléon and hung the Mona Lisa in his bedroom.
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What Canada's Census Reveals About Housing Needs 

What Canada's Census Reveals About Housing Needs  | Real Estate Plus+ Daily News | Scoop.it
One-person households account for 28.2 per cent of all households -- the most common type of living arrangement. Statistics Canada says, "income redistribution, pensions and the increased presence of women in the workforce have led to more people being economically independent today than in the past, especially in older age groups. In addition, higher separation and divorce rates have led to more people living alone instead of in couples."
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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
Single-family home prices last quarter increased in 87 percent of measured markets, with 154 out of 178 metropolitan statistical areas1 (MSAs) showing sales price gains in the second quarter compared with the second quarter of 2016. Twenty-three areas (13 percent) recorded lower median prices from a year earlier.
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16 Cities Where It's Actually Getting Cheaper to Buy a House

16 Cities Where It's Actually Getting Cheaper to Buy a House | Real Estate Plus+ Daily News | Scoop.it
Home prices are surging across the country. The national median price for an existing single-family home was $255,600 in the second quarter of 2017, up 6.2% from a year earlier. Home prices were up in 87% of cities the association tracks. In 23 cities, including Seattle, Salt Lake City, Reno, and Ann Arbor, prices increased by 10% or more.
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Real Estate License Act changes signed into law by governor

Real Estate License Act changes signed into law by governor | Real Estate Plus+ Daily News | Scoop.it
House Bill 3528, which was backed by Illinois REALTORS®, was unanimously passed by both chambers of the General Assembly earlier this year, and had been sent to the governor on June 23. He signed it Friday.
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Americans' debt level notches a new record high

Americans' debt level notches a new record high | Real Estate Plus+ Daily News | Scoop.it
Total U.S. household debt was $12.84 trillion in the three months to June, up $552 billion from a year ago, according to a Federal Reserve Bank of New York report published on Tuesday.
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7 Tips From a Nikon Pro for Photographing the Total Solar Eclipse

7 Tips From a Nikon Pro for Photographing the Total Solar Eclipse | Real Estate Plus+ Daily News | Scoop.it
To help you capture the moment with your camera, Mental Floss spoke to Steve Heiner, senior technical manager with Nikon, who saw his first eclipse 38 years ago. Here is what he told us you need to know. 
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REAL Trends | 2017 Brokerage Website Rankings

REAL Trends | 2017 Brokerage Website Rankings | Real Estate Plus+ Daily News | Scoop.it

REAL Trends announces the top residential real estate brokerage and team websites in its 2017 REAL Trends Website Rankings. If you’re looking to redesign or revamp your website, these are the best of the best and worth emulating!

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Million-Dollar ZIP Codes Have Passed Their Pre-Recession Peak 

Million-Dollar ZIP Codes Have Passed Their Pre-Recession Peak  | Real Estate Plus+ Daily News | Scoop.it
More than one in 25 ZIP codes now might be called “million dollar” ZIPs: areas where a significant portion of homes are worth at least $1 million. In a growing geographical divide, these ZIP codes are increasingly concentrated in a few coastal cities.
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