Archive for January, 2017


China’s Army of Global Homebuyers Is Suddenly Short on Cash

China’s escalating crackdown on capital outflows is sending shudders through property markets around the world. In London, Chinese citizens who clamored to purchase flats at the city’s tallest apartment tower three months ago are now struggling to transfer their down payments. In Silicon Valley, Keller Williams Realty says inquiries from China have slumped since the […]

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Better watch how you say ‘Realtors,’ y’all

The REAL-turrs have done gone to meddlin’. “REAL-turr.” That’s how I pronounce “Realtor.” And I’m doin’ it wrong, accordin’ to the National Association of REAL-turrs — I mean “Realtors.” How do you pronounce it? I’ve heard it said four ways: “REAL-turr.” “Real-TOR.” “REAL-a-turr.” “REAL-a-TOR.” Those last two? They’re out. Come on. As much as it […]

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The Day – Bel Air mansion sets new record with $250 million listing …

The princely asking price for a palatial Bel Air mansion has made it the most expensive listing in the United States. The 38,000-square-foot California home, situated on a 1.08-acre lot, has been put on the market for $250 million. It features 12 bedrooms—including two luxury suites and 10 oversized VIP guest suites—as well as 21 […]

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Fewer millennials buy homes though wages rise

By Zhu Zhu An improving job market and rising wages in 2016 had housing experts and economists predicting that millennials, those between the age of 20 and 36, would soon start doing what generations before them have done at their age: get married and buy a home. But those key markers of adulthood, especially buying […]

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REALTOR® Magazine Seeks Entries for 2017 Volunteering Works Mentoring Program

WASHINGTON, Jan. 26, 2017 /PRNewswire/ — Realtors® not only help people buy and sell homes, they are also deeply invested in making a difference in their communities. For eight years, REALTOR® Magazine has given Realtors® who help others through volunteer work an opportunity to enhance their charitable work through the Volunteering Works Grant and Mentoring […]

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Existing-home sales post best year since 2006

Sales of previously owned homes posted their best performance in a decade last year even with a drop in December. Existing-home sales, which are completed transactions that include single-family homes and condominiums, hit 5.45 million sales last year, surpassing 2015’s 5.25 million, according to the National Association of Realtors. Sales reached their highest level since […]

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2016 was good for Brevard real estate

Dale Sorensen Real Estate’s Eva McMillan recently announced the $2 million sale of a riverfront estate, 471 Spoonbill Lane, Melbourne Beach.(Photo: Provided) The dollar volume of real estate transactions in Brevard County last year grew 17 percent over the previous year, rising to $193.5 million. That’s according to data released by the FloridaRealtors in its […]

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Trump’s swift mortgage move angers real estate industry

Trump’s swift mortgage move angers real estate industry By Kathleen Pender, San Francisco Chronicle January 24, 2017 Updated: January 24, 2017 7:00am ‘); } Donald Trump may have made his fortune in real estate, but one of his administration’s first moves has upset the state and national Realtors associations. Shortly after the inauguration on Friday, […]

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US Existing Home Sales Fell 2.8% in December

U.S. home sales slid in December, a sign that rising prices and higher mortgage rates are taking a bite out of the housing market. Purchases of previously owned homes, which account for the vast majority of U.S. sales, declined 2.8% from November to a seasonally adjusted annual rate of 5.49 million last month, the National […]

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HUD suspends FHS mortgage insurance premium cut. What’s it …

When Donald Trump, on his first day as president, halted a planned rate cut for government-backed mortgage insurance, Carlos Fernandez was worried about what it meant for his plans to finally buy a home. He even tweeted a plea for information:  Mortgage and Real Estate experts! I need to know if after Trump’s FHA decisions […]

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