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Cadre scores $250M deal with Goldman Sachs’ private wealth clients

Inmannews - Thu, 01/11/2018 - 11:18am
Cadre, an online investment marketplace, today announced that it has closed $250 million in commitments from Goldman Sachs' private wealth clients, a move that will enable Sachs' private clients to easily invest in Cadre's broad-based portfolio of commercial real estate assets ...
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10 ways to generate more real estate business

Inmannews - Thu, 01/11/2018 - 10:56am
Looking for more ways to get real estate business and build your client database? Real estate author Ryan Snow shared 10 of the top ways to bring in business and boost sales on a recent podcast with Pat Hiban ...
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Home prices are set to soar in 2018

American Apartment Owners Association - Thu, 01/11/2018 - 9:45am

 

  • Sales prices jumped 7 percent annually in November.
  • Low supply and high demand are fueling the gains and neither of those is expected to ease up anytime soon.

The temperature may be frigid across much of the nation, yet home prices are sizzling and sellers are in the hot seat.

Sales prices jumped 7 percent annually in November.

That is the third straight month at that pace, far higher than the price gains in the first half of 2017. Low supply and high demand are fueling the spurt and neither of those is expected to ease up anytime soon.

Supply is actually falling even more now, and a strengthening economy is pushing demand. This will have potential buyers out early this year, trying to get a jump on the spring market.

“Rising home prices are good news for home sellers, but add to the challenges that home buyers face,” said Frank Nothaft, chief economist at CoreLogic, in the report. Nothaft said the limited supply is the worst at the lower end, and will hit the growing number of first-time buyers hardest.

Half the homes are overvalued

The largest metropolitan areas are seeing the biggest gains.

In the nation’s top 50 markets, half of the housing stock is now considered overvalued, based on market fundamentals, like income and employment. This is defined as an overvalued housing market as one in which home prices are at least 10 percent higher than the long-term, sustainable level.

Las Vegas led the November report as not only being overvalued, but showing a double-digit annual price gain of 11 percent.

San Francisco was not far behind at 9 percent, and Denver came in third at 8 percent.

Las Vegas and Denver are both considered overvalued, but San Francisco is not, as incomes in the tech capital far exceed the national level.

Of the nation’s 10 major markets with the biggest price gains, seven are overvalued. These include Washington, D.C., Houston and Miami. Boston and Chicago are still seeing price gains but are considered at value.

Without a significant jump in home construction, prices will remain high and likely move higher. Mortgage rates could also move slightly higher, and new tax policy limiting mortgage and property tax deductions, is hitting homeowners in some states hard.

All will combine to make housing less and less affordable in the new year.

Source: cnbc.com

The post Home prices are set to soar in 2018 appeared first on AAOA.

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8 Steps to Take Before Listing Your Investment Property for Sale

American Apartment Owners Association - Thu, 01/11/2018 - 9:43am

Presenting a strong, solid property is the best way to a fast, lucrative sale. But before you plant a sign in the yard, you’ve got some work to do. From assessing the state of the property and cleaning it up and getting it ready to list to speaking to your tenants so they aren’t blindsided by the sale and gathering up all the pertinent information about the property and any tenants, the work you do before the sale directly impacts how much money you make at closing.

Ready? Let’s get started!

8 Steps to Take Before Listing Your Investment Property for Sale 1. Assess the true state of your property.

A visual inspection isn’t going to be enough. A full inspection—performed by a licensed home inspector—will give you a more accurate look at the state of the property. Your buyer is going to have an inspection and will ask you to repair or give a repair credit for anything major. (In a slower market, they’ll ask for most minor things, too.) Don’t give them ammunition for price reduction or closing concession requests. Know what’s going on in your property ahead of time so you can make the repairs you’ll be asked to make anyway.

If your home inspection report turns up little or nothing, you can present it to potential buyers as a “pre-inspected home,” further providing proof that the property is a solid investment.

2. Make necessary repairs.

Once you have an inspection report, you can see what the buyers will see when they receive their inspection report. Addressing the big issues before the buyers even see the home can help bring in a higher selling price because the property presents itself as solid, so buyers aren’t asking for larger-than-necessary repair concessions—or worse, canceling the contract because they have no confidence in the property!

You can also choose not to make repairs and instead note the issue and report that these items will be sold as-is. This brings a lower upfront offer price, but you have less unknowns surrounding the inspection.

3. Clean, clean, clean.

The outside of the property needs to look great. So does the inside of the property, but if you’ve got tenants, you’ll need to coordinate with—and probably incentivize—them to clean it and keep it clean. A clean property sells faster (and for more money) than one that is less-than-tidy. Now, this may seem like a no-brainer bit of advice, but I am continually astonished by the utterly disgusting manner in which people live. You will be leaps and bounds ahead of the pack if you just have a clean home.

If you’re selling a property you have recently rehabbed, one good, deep cleaning followed by periodic maintenance through closing will suffice. Contract with a cleaning service to come in once a week to freshen up the property. If no one is living there, the cost should be minimal. You can even contract with them to clean the home after it’s sold and the new owners have moved in. An added incentive to the buyers and a bonus to the cleaning company. It’s always a great idea to be on good terms with a cleaning company!

4. Coordinate with your tenants.

If you’re selling a rental, you need to have your tenants on the same page. If you have a contentious relationship with your tenants, this is going to be just one more challenge, and you may find that waiting until their lease has expired and they’ve moved out is a better time to sell.

If you have a good relationship with your tenants, sit down with them and tell them you are selling the property. Ask if they’d like to buy it. (This doesn’t happen frequently but it’s worth asking them first.) Ask them what times would work best for their schedule to show the property to potential buyers. Also, ask what times would NOT work for their schedule, and share these with your agent – and ask them to include this in the Agent Remarks, a private section in most MLS systems.

Consider having the tenants themselves coordinate showings with the showing company. This reduces your hassle by not having to make multiple phone calls to confirm with the tenants. However, be alert and ask the showing company to report declined showings. One showing that doesn’t fit into the tenants’ schedule isn’t a big deal, but if they’re declining most showings, you could be losing sales and not even know it.

5. Find a great agent.

Residential agents can list any type of residential property—but that doesn’t mean that all agents are good at selling residential investment property. If you don’t already have a great investor-minded agent, start looking for one right now. Go to local investor meet ups and ask fellow investors who they recommend, but find someone who understands your needs—and the needs of your tenants.

6. Have excellent pictures taken.

Again, if you’re selling a rental, you’ll need to coordinate with your tenants to have pictures taken of the property. Offer to hire a cleaning crew to come in and clean their home for them, so your pictures present the home in the best light. Make sure the photographer takes pictures without fancy lenses or weird angles, so you convey the true home.

7. Gather up your documents.

Go through your records and gather up anything pertinent to the property, from repair receipts and warranties to tenant screening information, rent records, and security deposits. Ask your tenant to fill out an estoppel certificate—a testament to how much they pay in rent, when it’s due, and how much security deposit they have given you. If you have move-in documentation, provide a copy to both the tenant (as a reminder of the state of the home when they moved in) and the new landlord.

8. Remember why you’re selling.

You’re selling your property for any number of reasons: to cash in equity, move up in property size, or even to get out of the game altogether. Advanced preparation can make the entire sales process go smoother and be finalized faster. Follow these tips for a great selling experience.

 

Source: biggerpockets.com

The post 8 Steps to Take Before Listing Your Investment Property for Sale appeared first on AAOA.

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Trulia’s Hottest Real Estate Markets to Watch in ’18

American Apartment Owners Association - Thu, 01/11/2018 - 9:41am
See which cities are making the cut this year.

If you’re thinking about where to move next, you’re probably considering a wide array of factors like work, family, and the start of a new chapter. Every home purchase is also a huge investment—possibly the biggest you’ll make in your life. Looking at the markets poised for growth can ensure your new home is also a good investment. To help, Trulia looked at the 100 most populated metros in the country, then used five key metrics to determine the 10 real estate markets with the highest growth potential in 2018: strong job growth, affordability, low vacancy rates, home search rates on Trulia.com, and a high population of young households (you can find our full methodology below). It may surprise you—it did us—to learn that Texas and Ohio are home to more than one fast-growing city. See where else made the cut below

1. Grand Rapids, MI

On the mighty banks of the Grand River, Michigan’s second-largest city is at the top of our list largely due to its strong employment growth, which is up 2.5 percent year-over-year. Grand Rapids also has a relatively low vacancy rate (ranked 16th overall) and a high share of households with residents 35 years and under (22 percent). A full two-thirds of Grand Rapids’ residents own homes, and the median home sale price is a friendly $163,750. Living here means enjoying the waterfront, the Frederik Meijer Gardens & Sculpture Park, and the Grand Rapids Art Museum, which spotlights Michigan’s artists. A bubbling brew scene doesn’t hurt either.

2. Nashville, TN

Next on our list is Nashville, also known as Music City. But you don’t have to be in the band to love it here. Home of the famous “Grand Ole Opry,” residents in Nashville are always down for a good time. Need more evidence? Just walk through The Gulch, a trendy Art Deco-inspired neighborhood. Not surprisingly, Tennessee’s capital has a high share of households under 35 years old (23 percent) and the strongest job growth in the country (3.1 percent year-over-year), luring people from all corners of the nation to relocate. But taking the top spot in job growth may come at a price: affordability, where Nashville is ranked 58th overall.

3. Raleigh, NC

North Carolina’s capital, Raleigh, is known for the bright minds of North Carolina State University and the Research Triangle (together with Durham and Chapel Hill). But it’s also beloved for its wealth of culinary and cultural cornerstones, like the Oakwood historic district, designated on the National Register of Historic Places, where homes date back to the 1800s. This City of Oaks made our list due to its strength in two categories: job growth (ranked 3rd overall) and low vacancy rate (ranked 15th overall). Its popularity, though, leaves the city lagging in affordability—the median sales price in North Carolina’s second most popular city is $250,000—where it ranks 43rd overall.

4. El Paso, TX

This Southwestern city on the Rio Grande is loved for its incredible Tex-Mex cuisine, a wealth of locations for outdoors lovers to explore, and a rich downtown artist community and farmers market. Major employers in El Paso range from the US military to the University of Texas at El Paso, healthcare corporations to major retailers. The average price of a home here is just $186,611, and it’s a hot market for the social young and single set: the median age is 33, and 24 percent of residents are single. You’ll find many of them moving to the up-and-coming Mission Hills neighborhood. “The fantastic weather, developing downtown area, and affordable price range of housing speak to younger buyers as well as just about everyone,” says Laura Baca, an area real estate agent.

5. San Antonio, TX

San Antonio is known for its River Walk, an oasis of cypress-lined paved paths and lush landscapes where locals and visitors alike go to relax. But the city is bustling, too. In 2017, job growth rose 2.2 percent, and the national homeownership rate increased significantly for the first time in more than 10 years. In fact, homeowners make up two-thirds of the city’s population, at 65 percent. San Antonio’s top employers are a mix of military, city, and school districts, as well as private and public businesses, making this 300-year-old city flush with new job opportunities. These trends are expected to continue into 2018, with homeownership outpacing renting for the indefinite future.

6. Fort Worth, TX

This city of cowboys and culture is a hot destination in the Lone Star state, welcoming 8.8 million visitors annually. Fort Worth is comprised of seven primary entertainment districts, each offering dining, shopping, entertainment, and cultural amenities—offering mass appeal for a new generation of residents, allowing the city to lay claim to the youngest population of any major metro in Texas. It’s only 17 miles from the DFW International Airport, ensuring personal and business travel is extremely convenient. The city also has an impressive percentage of homeowners (68 percent), and with popular employers such as Lockheed Martin Aeronautics, American Airlines, the Naval Air Station, and city and school district offices, it’s a solid place to set down roots.

7. Austin, TX

Capital city Austin, with its legendary live music, burgeoning restaurant scene, cool culture, and vibrant community is a draw for everyone—even those who aren’t coming to listen to tunes in the Live Music Capital of the World. Austin’s also a university town, and many folks stay on after school. The national homeownership rate ticked up both for households under 35, as well as those aged 35-44, with the former showing a substantial increase from 34 percent in 2016 to 35 percent in the second quarter of 2017. Though home buying among millennials is likely to be sluggish in the short-run, the long-run potential for this generation to support housing consumption in the United States is big.

8. Columbus, OH

Big things are happening in Columbus, Ohio’s capital and most populous city. It’s booming, and not just in population. There are 33 acres of new riverfront parkland in downtown, cultural institutions are adding to their offerings, neighborhoods are bursting with new places to eat and shop, and the innovative food scene gives residents plenty of options. Trends in Columbus show a 12 percent year-over-year rise in median home sales price, and even with the upward trajectory, the average home comes in at just $159,900. “Our urban areas are booming with renovation and new build projects, and our suburbs maintain their investment values very well,” says Cheryl Chapin, an area real estate agent. “We have a lot of areas across the city that are walkable, have great dining and shopping, yet they’re close to downtown amenities.”

9. Madison, WI

Madison is Wisconsin’s second-largest city and state capital. It’s also home to the state government and the University of Wisconsin-Madison, the city’s largest employers. The town’s amassed a treasure chest of kudos, from most-walkable and best road-biking city, to most vegetarian-friendly, LGBTQ-friendly, and environmentally friendly city, too. Of the places on this list, Madison has the highest percentage of college-educated residents (60 percent). The up-and-coming Tenney-Lapham neighborhood houses lots of young families and hosts a popular annual art walk.

10. Cincinnati, OH

Resting along the banks of the Ohio River, the vibrant Cincinnati region spans portions of three states: Ohio, Kentucky, and Indiana. The third-largest city in Ohio has dedicated homeowners, with 63 percent of the population owning homes and its home sales price slowly growing, up 4 percent year-over-year. Cincinnati’s popular Over-the-Rhine district, which includes Findlay Market and food and craft vendors, is a favorite place for locals to spent the weekend, as is Cincinnati Zoo and Botanical Garde.

Source: trulia.com

The post Trulia’s Hottest Real Estate Markets to Watch in ’18 appeared first on AAOA.

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What the 20 Most Popular Home Renovations Are Really Worth in 2018

American Apartment Owners Association - Thu, 01/11/2018 - 9:31am

Planning to remodel your kitchen, add a master suite, or undertake some other pricey home renovation in 2018? Watch out—not all of these home improvements pay off like they did in the past, according to Remodeling magazine’s latest Cost vs. Value Report.

For this much-referenced annual report, now in its 31st year, researchers pinpointed the average return on investment of 20 popular home renovations by canvassing contractors nationwide on how much these upgrades cost to complete, then compared that with how much real estate agents estimated these features would boost a home’s market price (in other words, their value).

And the news isn’t so good for homeowners looking to remodel on a massive scale: The report found that in 2018, Americans should expect to make back only about 56% of the money they spend on renovations. That’s down from 64% the previous two years.

What gives?

“This year, the most expensive projects didn’t have much of a gain,” says Craig Webb, editor of Remodeling and manager of the report. “I think it’s because real estate professionals think we’re getting close to a peak in market prices. So consequently, spending a lot of money does not automatically mean your house will just ride the escalator up and be worth a lot more.”

Current events could also play a role. New tax laws curtailing the deductibility of mortgage interest and local property taxes might be dampening real estate agents’ confidence that piling on the improvements will pay off. Plus, recent wildfires, mudslides, and other natural disasters have created what Webb calls “a freight train of extraordinary demand” on materials and labor that is bound to jack up renovation costs all round, leading to thinner margins on their return.

But it’s not all doom and gloom. As usual, this year’s report found that the ROI varied widely by project. A new garage door, for instance, essentially pays for itself, earning you a whopping 98.3% of your money back, making this the best value of the whole bunch. And the worst? Installing a back patio, which will recoup only 48% of your expenses.

Check the chart below for a full rundown of the top renovations, including how much they cost, their value at resale, and the percentage you’ll recoup. And if you’re looking for some general pointers, here’s one: If you’re going to shell out money, do it where everyone will notice—on the front of your house.

“Curb appeal projects tend to have high paybacks than inside-the-house projects,” Webb continues. “Any real estate professional will tell you curb appeal matters a lot, and these numbers prove it.”

This explains why garage doors top this list, followed closely by manufactured stone veneer (which offers a 97% ROI) and wood decks (83%).

Another golden rule of renovation?

“It’s better to replace or repair than add and remodel,” says Webb. In other words, go ahead and fix that frayed siding or replace the roof before you add a master suite or overhaul the kitchen.

Mostly, keep in mind that if your tastes are, ahem, unique, that could lead to trouble if you’re expecting home buyers to swoon over the same things.

“You may spend gobs of money on what you think is the perfect kitchen remodel,” Webb says. “But if your idea is to have something from the 1970s with avocado ovens, the next person could walk in and say, ‘That’s ugly. I don’t care that you spent $75,000 on that—let’s tear it out anyway.'”

Top 20 remodeling projects and their ROI ROI for home renovations

Source: realtor.com

The post What the 20 Most Popular Home Renovations Are Really Worth in 2018 appeared first on AAOA.

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Real Estate Investor Taxes What You Need To Know

American Apartment Owners Association - Thu, 01/11/2018 - 9:28am

The new tax laws do not appear to have a short term negative impact for investors. In fact it’s more likely a near term boom for investors. For one thing, if the now defunct homeowner mortgage interest deduction discourages new homebuyers, they’ll have to rent which has to be good for investors in apartments and single-family rentals. According to the Urban-Brookings Tax Policy Center mortgages and the capital gains exclusion apply to personal property, not the business of real estate investment. In fact, investors (businesses) are still able to deduct mortgage interest as a cost of conducting business (along with all of the normal and customary expenses).

There is a possibility the loss of the mortgage interest deduction could hamper fix and flip investors. But that’s unlikely considering the low inventory and pent up buyer demand. However, this isn’t likely to be universal in an industry that is all about location. Low to moderate cost markets are dominated by personal incomes that will benefit from the higher standard deduction and will no longer benefit by itemizing, which is typically triggered by mortgage interest and property tax deductions. The higher standard deduction will offset the loss of itemized deductions. However, there is the chance that the higher standard deduction will demotivate potential buyers that don’t take advantage of the long term investing that homeownership offers.

It’s the high income and high cost real estate markets that won’t benefit much from the higher standard deduction. High end markets could also suffer as a consequence of caps on mortgage interest deductibility and severe reductions in the deductibility of state, property, and local taxes.

Of general interest to real estate investors are changes to taxation of pass through business entities such as LLCs and S corporations. You’ll need an accountant to get this all straight but pass through entities will receive more favorable tax treatment. This should especially help the profitability of real estate and manufacturing businesses.

Longer term, these tax changes will have several unpredictable consequences. This tax package is designed to front load the U.S. economy. Historically, slow and steady growth has shown more sustainable prosperity that doesn’t overheat the economy. Too fast of growth results in a substantial increase in the demand for borrowed money. History also demonstrates that high borrower demand drives higher interest rates, which is never good for the real estate industry. Chances are interest rates will increase enough late in 2018 and into 2019 to significantly hamper real estate investing and the industry as a whole. Certainly the markets that are already hot won’t be sustainable if significant inflation is added to the mix.

The politics of the economy are far from finished. There was zero support by the Democrats for this tax bill. Whether the democrats return to power in 2018 or later, they will return to power at some time. Tax bills and policies are reversible. No one knows what that will bring.

The aging population also plays heavily into this complex mix. As was seen as a result of the Regan and George W. Bush tax cuts at the upper income levels, it doesn’t result in sustainable economic growth that off sets the predictable growth in the budget deficit. Unaddressed senior entitlements (hampered by the deficit) to Medicare and Social Security will continue dragging on the economy and tax policies.

Source: realtybiznews.com

The post Real Estate Investor Taxes What You Need To Know appeared first on AAOA.

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3 Tips to Prepare Your Property For Freezing Temperatures

American Apartment Owners Association - Thu, 01/11/2018 - 9:22am

The bite of cold winter air and freezing temperatures can have a lasting impact on your property’s landscape. Hard and moderate freezes can damage the foliage and roots systems of plants, bushes and grass, and in extreme cases lead to plant loss that requires a capital expense to rejuvenate the landscape before the spring.

The best defense against freezing weather is some common practices that, if applied correctly, will help ensure your landscape survives freezing temperatures:

1. Irrigate before the temperatures drop

Watering plants, trees – even grass – before temperatures drop below 32 degrees is among the first lines of defense. According to the University of Florida IFAS Extension, well-watered soil will provide its own internal heating system to protect plants. Wet soil absorbs more solar radiation than dry soil, thus radiating heat during the night when temps are typically at their lowest.

In the process, water provides a barrier between the root system and cold air. The moisture fills the numerous air pockets in the ground and prevents freezing air from penetrating the roots. The cold may damage the foliage—this is evident by wilting leaves and stems—but the roots are insulated and survive under brief freezing conditions.

To ensure the landscape gets plenty of water, run the irrigation system through its normal cycle as close to the freeze event as possible. Watering too soon will allow the water to leach the soil beyond the root zone and expose the plant to the cold.

Irrigate about 10-15 minutes on each spray station and 30 minutes per rotary station for best results.

A word of caution: Once you’ve watered prior to the cold weather event, be sure and turn off the double-check valve on the sprinkler system. Also, make sure there is no residual water on sidewalks, driveways or other areas that can freeze and make for a dangerous situation for residents and staff.

As a general rule, frequent watering is not necessary in the winter months unless there just hasn’t been sufficient moisture. Water evaporates less in the winter and therefore isn’t needed as much, like in the summer and spring growing seasons. But strategically watering before a freeze can provide a layer of protection for the landscape.

2. Bring potted plants inside

Planter pots are more prone to freezing because they are elevated and don’t have the natural heat within the ground for protection. Plants susceptible to freezing should be moved to a protected area, like a maintenance shed or empty garage, even in outdoor areas protected from harsh winds.

Bringing some plants inside the office or in indoor common areas may add a little extra foliage to the atmosphere. Just remember that climate-controlled conditions dry out the air and plants may need to be watered during their stay.

3. Cover plants and be smart about it

Can’t bring plants indoors? Covering may be an option, but there are some misconceptions on best practices. Depending on where you live, covering certain types of plants may or may not be necessary. First, know what types of plants you’re dealing with and whether they need to be covered. Your local county extension office can provide the right information.

If it’s necessary to cover plants, be very aware that they need oxygen and sunlight. Coverage in plastic is a good insulator but prolonged periods under wrap can suffocate the plant. The most common mistake that people make is leaving the plant covered throughout the winter, resulting in a dead or severely damaged plant.

Light fabrics like bed sheets or burlap are good choices and don’t add as much weight to the plant if it gets wet plus allows the plant to breathe. Like plastic, however, they can prevent sufficient oxygen from getting to the plant if left in place for extended periods of time.

There are a number of commercial products available to cover plants that are designed to protect but reduce the risk of suffocation. Some are made from fiberglass and look like a little dome that fits over the plant. These are a little more attractive than hanging a sheet over a bush.

But, again, be smart. Temperature swings, like in the Southwest when the high may reach 50 during the day yet get below freezing at night, call for a little extra attention. Covers may need to come off during the day but go back on at night to the plant isn’t damaged.

Protecting a property’s investment in landscaping often is necessary when winter weather is on the scene. Taking a few simple steps before temperatures drop and keeping an eye on things during a freeze is best to prevent long-term damage to plants, bushes and other plant life around the community.

 

Source: propertymanagementinsider.com

The post 3 Tips to Prepare Your Property For Freezing Temperatures appeared first on AAOA.

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Realtor.com’s key insights for homebuilders in 2018

Inmannews - Thu, 01/11/2018 - 8:48am
Economists say increased residential housing starts are the key to solving the inventory crisis and softening home price growth, but even though single-family construction recently hit a 10-year high, builders are going to need more guidance and resources to bring starts back up to the historic average ...
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HomeFundMe crowdfunding platform now available as employee benefit

Inmannews - Thu, 01/11/2018 - 8:38am
Individuals looking to overcome the down payment barrier to purchasing a home may be eligible for assistance through their employer, thanks to a new program launched by mortgage lender CMG Financial ...
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Real estate daily market update: January 11, 2018

Inmannews - Thu, 01/11/2018 - 6:40am
All the latest real estate market news ...
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Why luxury real estate is all about selling a lifestyle

Inmannews - Thu, 01/11/2018 - 2:45am
Dusty Baker’s real estate blog caught Inman’s eye four years ago, and he was asked to speak at ICSF about social media and digital marketing ...
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How to take your real estate business global

Inmannews - Thu, 01/11/2018 - 2:30am
As the founder and CEO of Caldwell Banker France and Monaco, other real estate agents often ask me questions about how to get into international luxury ...
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5 things real estate agents can learn from superfans

Inmannews - Thu, 01/11/2018 - 2:15am
For what are you willing to rearrange your schedule, budget and comfort? The newest tech gadget? Your favorite celebrity? A sick family member? You favorite team going to the national championship ...
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How to help millennials prepare for homebuying

Inmannews - Thu, 01/11/2018 - 2:00am
Despite tight inventory and increasing home prices, many potential homebuyers -- particularly millennials -- remain optimistic about the market and their ability to buy a home of their own ...
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Owning is cheaper than renting in over half of US counties

Inmannews - Thu, 01/11/2018 - 12:01am
With home prices rising 7 percent year-over-year, renting is often seen as a more affordable alternative to buying. But as ATTOM Data Solutions latest rental affordability report shows, that isn't necessarily true for a good chunk of the population ...
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Real estate community in shock over Montecito mudslides

Inmannews - Wed, 01/10/2018 - 1:57pm
"We had time to prepare with the fires," said Realtor Cindy York Shadian. "With landslides, you don’t have the luxury of even 15 minutes..." ...
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What’s hot and what’s not in 2018 kitchen trends

Inmannews - Wed, 01/10/2018 - 11:40am
Houzz today released the results of its 2018 Kitchen Trends study, which revealed that homeowners are obsessed with clutter-free countertops (75 percent), ingenious storage options (66 percent) and easy recycling (49 percent) ...
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Rex Real Estate raises $15M, boasts 2% listing fee

Inmannews - Wed, 01/10/2018 - 9:47am
Brokerage eschews MLS listings to save on costs and charges homesellers a 2-percent flat fee as opposed to the industry average of 5 to 6 percent ...
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Redfin clashes with think tank on MLS antitrust

Inmannews - Wed, 01/10/2018 - 9:19am
What would happen if the government mandated that real estate brokers make all their listings accessible publicly to everyone online, free-of-charge? It would result in "a tragedy of the commons," argues Redfin... ...
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