Lower interest rates and level home prices combined to perk up California housing affordability in the fourth quarter of 2015, compared to the previous quarter, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Affordability, however, was down when compared to the previous year.
"Last year was a strategically exciting one for Zillow Group," said Zillow Group CEO Spencer Rascoff. "Through our acquisition of Trulia, we formed the largest real estate media company in the world and have now established the foundation for our long-term growth and category leadership. This year we'll be focused on the strategic priorities of growing our audience, growing our agent advertiser business, growing our emerging marketplaces and continuing to maintain our extraordinary company culture which attracts, retains and motivates extraordinary people to do their best work. I couldn't be more excited about what we plan to accomplish in 2016."
The announcement comes on the heels of Ten-X Commercial’s plan to roll out new transaction tools that will allow sellers and their brokers to choose between an online auction or a traditional online sale. Yan Khamish, managing director of business development for Ten-X, told The Real Deal that the enhanced website is geared to bring more “eyeballs” to the property and also organizes
Steve Jobs insisted that every item on a meeting agenda have a designated person responsible for that task and any follow-up work that happened. He called that person the DRI—the Directly Responsible Individual. He knew the public accountability would ensure that a project or task would actually get done, and he wanted to set clear, organized instructions for his team to follow.
To be clear, our list tallies the dollar value of construction starts rather than ongoing projects as tracked by the Commerce Department. This is particularly important in the current context of Texas. Take a drive along Houston’s east side, and you’d have no idea construction starts were down, because some $50 billion in new construction of petrochemical plants, refineries, and natural gas liquefaction is loudly and visibly underway.
THE FEDERAL GOVERNMENT says that when it comes to regulating self-driving cars, computers and software systems can be considered the “driver” of the vehicle. It’s a major moment in the effort to introduce autonomous driving to America’s roads, which is hampered as much by regulatory questions as by technological hurdles.
Last May, Uber broke from its tradition of only accepting payment via card. The U.S. company began a pilot that allowed users in Hyderabad, a city in India with a population of nearly eight million, to pay for their rides using cash.
Karoleena Homes founders Kurt and Chris Goodjohn started their careers constructing conventional stick-built homes in southwestern Canada but after three or four years, they had an epiphany. “This is stupid,” Kurt recalls telling his sibling. “The way we build houses is dumb.”
When a new freeway bulldozed through Seattle in 1962, it cut the city in half. The government wanted to build a cap on top, to help reconnect neighborhoods, but couldn't afford it. Now, a team of architects may have figured out a way to feasibly turn up to 10 lanes of traffic into a place where people actually want to spend time.
The city is spending millions to expand existing parks, and as many roofs and walls will be covered with greenery as possible. Twenty-two vacant lots will be turned into urban gardens. Paved squares will become parks that can suck up rainfall.
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, and Residential Energy Services Network, also known as RESNET, announced the signing of a “cooperation agreement” to promote education, research and data standards surrounding energy efficient homes.
In the aftermath of the financial crisis, the latest report from global real estate services firm Savills revealed that cross-border real estate deals have entered a renaissance, having grown by 334% from 2009 to 2015.
After growing in line with more modest areas throughout much of the first half of 2015, home value appreciation in America’s toniest ZIP codes stalled over the past 6 months – even as growth in entry-level and mid-market communities continued.
Commenting on the results, Black Knight Executive Chairman Bill Foley said, "2015 was a milestone year for Black Knight. We delivered strong results, continued to execute on our strategic initiatives and successfully completed our initial public offering. As we begin 2016, we remain very excited about Black Knight's strong business momentum across the enterprise.
The housing market continues to recover from the recent financial crisis. For the month of February, a recent report shows that vacancy and “zombie foreclosures” are down 4% from a year ago nationwide, but continue to increase in a minority of markets, mostly those with a protracted foreclosure process or high numbers of blighted properties.
Architect Stéphane Malka calls it "urban enheightenment": making use of unused vertical space to keep the city center densely populated. "Building on top of the roofs is not only an ecological and economical solution, it’s working against the urban sprawl that kills the social link," he writes. The first project, still in process, is designed to fit three new homes onto an older building on the banks of the Quai de Valmy.
In a few years, a parking lot at the edge of Paris will turn into what architects call "a floating village in the middle of a forest"—a tree-covered building, topped with homes on the roof, that doubles as a pedestrian bridge over a nearby highway.
The median existing single-family home price increased in 81 percent of measured markets, with 145 out of 1791 metropolitan statistical areas2 (MSAs) showing gains based on closings in the fourth quarter compared with the fourth quarter of 2014. Thirty-four areas (19 percent) recorded lower median prices from a year earlier.
In another sign that the recovery from the housing crisis is ongoing rather than stalled out, the total number of completed foreclosures in 2015 was the lowest number of completed foreclosures in any year since 2006, a new report from CoreLogic shows.
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Experts have suggested a number of niche industries that will be made more secure by the untamperable data record provided by blockchain technology — including international art dealing, pharmaceuticals and international trade of high-value goods — but to date, very little attention has been given to the potential effects on the real estate market.
"I think it's really important that we try to archive our common digital history the best we can," Hypponen said in an email. "No one else will do it for us." While no one else may do his work for him, others have already lent a hand. Scott said that the collection, which began at 30 viruses, has since grown to nearly 80 thanks to the contributions of other virus collectors.
The convenient digital process had abruptly returned to the 20th century. But what excited him was the opportunity he saw, and the common thread of tech companies leveraging traditional agents. “My agents had experience, and that human touch was totally irreplaceable.
To communicate Realtor® value in helping consumers succeed in all things real estate, the National Association of Realtors® has launched a new advertising campaign, “Get Realtor®.” The campaign targets hyper-connected and emerging generations of home buyers, sellers, owners and investors.
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