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  • US investigators seek to turn Manafort in Russia probe: sources - Reuters 5 hours 29 min old

    ReutersUS investigators seek to turn Manafort in Russia probe: sourcesReutersSpecial Counsel Robert Mueller's team is examining Manafort's financial and real estate records in New York as well... as his involvement in Ukrainian politics, the officials said. Between 2006 and 2013, Manafort bought three New York properties ...James Clapper: Trump is 'making Russia great again'USA TODAYall 2,211 news articles »

  • Kushner 'inadvertently omitted' at least $10M in assets to revised disclosure - USA TODAY 15 hours 18 min old

    USA TODAYKushner 'inadvertently omitted' at least $10M in assets to revised disclosureUSA TODAYIn addition, Trump also revealed that she will be receiving recurring annual payments totaling $1....5 million from some of her real estate and consulting interests, according to agreements she worked out in consultation with the Office of Government Ethics.and more »

  • James Clapper: Trump is 'making Russia great again' - USA TODAY 18 hours 21 min old

    USA TODAYJames Clapper: Trump is 'making Russia great again'USA TODAY... Veselnitskaya, was accompanied to the meeting by Russian-American lobbyist Rinat Akhmetshin, who once served in an inte...lligence unit of the Russian military, and Ike Kaveladze, an executive working for Russian real estate developer Aras Agalarov.and more »

  • Convenience store chain New Stand opening at 306 Bowery - Real Estate Weekly 22 hours 6 min old

    Convenience store chain New Stand opening at 306 BoweryReal Estate Weekly306 Bowery Street has previously been used as a pop-up location by Peroni USA for their House of Peroni and, most recently, by ...Nike to help launch the Nike Kyrie 3 sneaker. Thor Retails Advisors represented New Stand, whose current locations include ...

  • OJ Simpson's former Miami home is for sale at nearly $1.3 million - Los Angeles Times 22 hours 47 min old

    Los Angeles TimesOJ Simpson's former Miami home is for sale at nearly $1.3 millionLos Angeles TimesThe house, built in 1953, “is all new,” said Oscar Ramirez, the real estate agent for the hom...e's current owner, Southern Farms International USA. He said it has been on the market for seven months. Renovations included hurricane-resistant windows.Hey, OJ Simpson, Want Your House Back? His Former Miami Home Is for SaleRealtor.com Newsall 37 news articles »

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Inside Battersea Power Station - the 'Everest of real estate' and a test case for the UK's housing conundrum - Telegraph.co.uk

Europe Real Estate News - 5 hours 11 min ago

Telegraph.co.uk

Inside Battersea Power Station - the 'Everest of real estate' and a test case for the UK's housing conundrum
Telegraph.co.uk
The mood at the Battersea Power Station Development Company – one of the largest, most complicated, expensive and politically-charged property projects in Europe – should be more celebratory. Last month, after two years and 25,000 wheelbarrows full of ...

US investigators seek to turn Manafort in Russia probe: sources - Reuters

USA Real Estate News - 5 hours 29 min ago

Reuters

US investigators seek to turn Manafort in Russia probe: sources
Reuters
Special Counsel Robert Mueller's team is examining Manafort's financial and real estate records in New York as well as his involvement in Ukrainian politics, the officials said. Between 2006 and 2013, Manafort bought three New York properties ...
James Clapper: Trump is 'making Russia great again'USA TODAY

all 2,211 news articles »

The week in real estate industry deals: July 17-21, 2017

USA Real Estate News-Inman - 8 hours 41 min ago
While real estate agents chase leads and close deals on houses, there's another level of deal-making that takes place within the real estate industry: mergers, acquisitions, integrations and partnerships. We'll be recapping every week's noteworthy deals that didn't make it into print (and some that did) for your perusal. Here are this week's ...

The week in industry hires and promotions: July 17-21, 2017

USA Real Estate News-Inman - 9 hours 11 min ago
Who got hired or promoted this week? Here's our weekly rundown, in chronological order ...

The man who drives Trump's Russia connection - Washington Post

Europe Real Estate News - 9 hours 40 min ago

Washington Post

The man who drives Trump's Russia connection
Washington Post
Aras Agalarov, the real estate magnate and amiable purveyor of high-end goods in all sizes and shapes, has emerged as a possible conduit from the Kremlin to Trump. He is a man who rose through the Moscow luxury, real estate and entertainment worlds by ...

and more »

Real estate market recap, July 17-21, 2017 - Inman.com

Europe Real Estate News - 10 hours 30 min ago

Inman.com

Real estate market recap, July 17-21, 2017
Inman.com
“Mortgage rates fell from 60-day highs last week, prompted by weak domestic inflation and retail sales data, and reports that interest rates could rise in Europe as the European Central Bank ends recession-era policies,” said Erin Lantz, vice president ...

and more »

Real estate market recap, July 17-21, 2017

USA Real Estate News-Inman - 10 hours 41 min ago
Here's what happened this week in the real estate market ...

Kennedy Wilson Europe Real Estate PLC (KWERF): Ichimoku Levels in Focus - Lenox Ledger

Europe Real Estate News - 11 hours 40 min ago

Kennedy Wilson Europe Real Estate PLC (KWERF): Ichimoku Levels in Focus
Lenox Ledger
Shares of Kennedy Wilson Europe Real Estate PLC (KWERF) recently touched $14.7500, which places the stock above the Ichimoku cloud, indicating positive momentum and a potential buy signal for the equity. Shares of Kennedy Wilson Europe Real Estate ...

and more »

Kennedy Wilson Europe Real Estate PLC (KWE.L) Ichimoku Levels Indicate Positive Trend - Ozark Times

Europe Real Estate News - 11 hours 42 min ago

Kennedy Wilson Europe Real Estate PLC (KWE.L) Ichimoku Levels Indicate Positive Trend
Ozark Times
Kennedy Wilson Europe Real Estate PLC (KWE.L) shares opened the last session at $1137.00, touching a high of $1147.00 and a low of $1130.00 , yielding a change of 10.00. The latest reading places the stock above the Ichimoku cloud which indicates ...

and more »

Remodeling Real Estate for the Future

USA Real Estate News-RISMedia - 14 hours 37 min ago

Most of us wake up every morning knowing what we need to do and how we’re going to get it done. But do we ever think about why we do what we do? Well, at HomeSmart International, they think about it every day. In fact, “the why” is what drives the company; it’s the reason for its creation, and the compass that guides its fast-paced growth across the country. What exactly is HomeSmart’s “why?” The success of its brokers and agents.

Founded in 2000 by Matt Widdows—a former frustrated real estate agent who developed his own systems to compete, grow and succeed—HomeSmart has grown to 13,286 agents and 123 offices nationwide with a formula that provides high-level service, support and value at the lowest possible cost to brokers and agents. The proprietary technology and end-to-end solution HomeSmart delivers at minimal cost, along with the efficiencies and profitability of a flat-fee model, has driven an increasing number of brokers across the country to join what they refer to as the “HomeSmart movement.”

“Greatness comes from setting ridiculous expectations, then finding a way to make those expectations normal and deliver on them,” says Widdows. “And sometimes you have to misbehave and go against expectations in order to improve and innovate.” This philosophy—and the ability to deliver on it—is exactly what has attracted brokers to the HomeSmart model and culture. Here, four brokers from various corners of the U.S. share their “why” for joining HomeSmart…and why they’re never looking back.

Jim Sparkman, Mark Farrow and Don Sturgeon
Owners, HomeSmart Realty Group
Salem, Ore.

Maria Patterson: When and why did you join the HomeSmart brand?
Don Sturgeon:
We were all considering leaving our previous brokerage to start our own company. Jim stumbled upon HomeSmart, and we decided this model was the future of real estate. The 11 agents who were part of our teams came with the three of us on October 14, 2013.

MP: You grew pretty quickly right out of the gate—how did you manage that?
DS:
When the three of us joined forces, it sent ripples through the market. People didn’t know anything about HomeSmart, so there was a lot of buzz. Then, it was just a matter of going out and talking to agents who we thought would see the value of a fee-based model. All they knew prior was the traditional brokerage that offered high splits and high desk fees.

MP: As top-producing agents, why were you attracted to the HomeSmart model?
Mark Farrow:
Our agents increased their compensation by a little over 30 percent with their first transaction. With the first deal they closed, they saw a big difference.

MP: So it’s the flat fee that’s the biggest draw?
DS:
We never lead with the fees. It’s always about the level of service we provide. Agents have 24/7 access to the principal brokers, cutting-edge technology, great offices, ongoing training and continuing education, all for a low transaction fee.

MP: How do HomeSmart’s services help you and your agents become more profitable?
Jim Sparkman:
The agent services offered by HomeSmart International add a layer of service that we are physically unable to provide at this large of a brokerage without increased overhead and manpower.

DS: HomeSmart’s Centralized Services provides me with an assistant who can handle a lot of time-consuming tasks, like making cold calls to agents. This was especially important when we opened a second office in Portland where agents hadn’t heard of HomeSmart.

MP: How does HomeSmart keep you ahead of the curve in terms of technology?
MF:
HomeSmart is constantly working to stay ahead of technology. There is a real commitment by corporate to not get complacent.

JS: With the end-to-end technology that HomeSmart provides, we have a paperless platform unlike any of our competitors, and the ability to streamline the transaction. We also have online marketing tools built into the same platform.

MP: Overall, what makes HomeSmart a better choice than the traditional real estate model?
DS:
Traditional real estate companies are stuck in a paradigm and a mindset that makes it difficult for them to make the necessary adjustments. It’s hard to turn the Titanic away from an iceberg. HomeSmart has remodeled and refurbished the traditional brokerage to operate with agility.

Dean A. deTonnancourt
Broker/Owner
HomeSmart Professionals Real Estate
Warwick, R.I.

Maria Patterson: Tell us why you made the change to HomeSmart.
Dean deTonnancourt:
Having been in the real estate industry over 28 years now, my career satisfaction comes from sharing my experience with associates, and helping them achieve unlimited levels of sales success. HomeSmart allows me to do that. It’s a franchise that provides national support along with local flexibility.

MP: How do you overcome the common perceptions about flat-fee companies?
DD:
The perception of the flat-fee compensation model is “low fees, low service.” This is far from the truth, as we offer all of the services other companies offer, yet we remain dedicated to the associate retaining more of their hard-earned income. HomeSmart provides technology and marketing tools for our associates on a national level, and locally, we provide education, broker support and state-of-the-art facilities.

MP: Tell us about the support you receive in terms of technology.
DD:
Our sales associates have access to their own Agent Panel, which provides tools and technology that allow them to organize their transactions, as well as market themselves to the consumer in creative ways. Fully customizable individual associate websites including consumer-focused MLS searches and tracking, video marketing pieces, as well as fully customizable marketing pieces within our Design Center, are all available to our associates.

For the broker, HomeSmart provides technology that allows us to manage all details of our operation. Our Broker Panel allows us to seamlessly track our paperless transactions and ensure proper file compliance. Most traditional brokerages utilize several systems, making it time-consuming and prone to errors since the systems in most cases are not linked to each other.

MP: How do economies of scale help you grow?
DD:
The HomeSmart structure and compensation model foster organic growth. Since our associates are treated like true business professionals and retain more of their earnings, they are the voice of the company. Associates at other companies are hearing about us directly from our associates, which validates our value proposition. We find ourselves responding to inquiries almost daily.

MP: How does being part of HomeSmart allow you and your agents to be more profitable?
DD:
HomeSmart created a compensation model that rivals the competition with an affordable flat-fee plan that was not previously available in our marketplace. Our associates are not paying the high commission splits that many competitors collect, allowing them to increase their retained earnings.

MP: What is it about your brokerage that helps attract and retain agents?
DD:
I always say that “culture is not found in a company, it is found in people.” The key to a company’s long-term success is to attract great people and foster a sharing-based environment, ultimately providing mutual success.

Randy Rector
CEO
HomeSmart Evergreen Realty & Associates
Irvine, Calif.

Maria Patterson: You had a large, successful firm in Orange County. Why make a change?
Randy Rector:
Back in 2010, we were about 700–750 strong. In order to grow to the next level without overhead killing us, we had to find a system. We had companies from around the nation coming in and pitching us products, but we had to somehow figure out how to integrate these products. We needed a system to make us more efficient without adding bodies, which in flat-fee models, is the death of the model itself.

MP: So how did you find out about HomeSmart?
RR:
We were at the National Association of REALTORS® conference in Anaheim and HomeSmart also had a booth. We met Matt and the next week, he called and said he’d like to come out and talk with us. What caught my attention about HomeSmart was that they had some real high-level technology—exactly what we had tried to build in 2009. We needed to find a way to streamline our back office and make us more efficient. From a cost and compliance standpoint, you have to make sure you have oversight on agents as you grow and multiply offices. In January 2012, we went to see Matt, and we were blown away by what he created that allowed him to run 3,600 agents with no staff. We joined in October 2012.

MP: How did that change the course for your company?
RR:
Being part of HomeSmart has made us more efficient, so we are able to serve our agents better. We went from 750 to 1,150 agents and ranked in RISMedia’s Power Broker Report Top 500 with the same two admins processing the transactions. And we are in compliance with the Board of Real Estate. They looked at our software and said, “This is perfect. We’ve seen every major and small brand, and none have this.”

MP: How did becoming part of HomeSmart help you attract agents?
RR:
In a flat-fee model, the core of the business is recruiting. HomeSmart’s Centralized Services allows us to pay a small fee and receive a myriad of services, from email marketing to a dedicated person making 100, 200, 300 calls a week. I don’t care what brand you are; it’s really hard to grow a brokerage and wear all the hats—recruiter, motivator, trainer, compliance officer. I can take that off my plate and concentrate on my agents, because all of this is being done for me.

MP: What makes HomeSmart stand out the most?
RR:
Hands down, it’s the proprietary software—no one in the nation can touch it. If you’re looking to scale your business, the tools, the ability for it all to be in one system and the support we get from HomeSmart corporate is bar none.

Roger Lee and Abe Hamideh
Owners
HomeSmart Realty West
Carlsbad, Calif.

Maria Patterson: When did you first learn about HomeSmart?
Roger Lee:
Abe and I were flipping properties, and while it was fun, it wasn’t creating a future for us. A recruiter from HomeSmart called us one day and enticed us to go to Arizona to look at the systems and technology. We definitely thought this model could work in San Diego.

HomeSmart is a well-oiled machine that lets franchisees scale up without having to accumulate more manpower.

MP: You grew your agent count really quickly that first year—what was your secret?
RL:
To make it within the first year, we knew exactly how many agents we needed to have to get out of the red, and we had to do it quickly. The systems in place allowed us to focus on recruiting and building the company. We currently have 548 agents and three offices.

Abe Hamideh: It was an easy sale. Because of all the systems, marketing tools and support HomeSmart offers, we had all this firepower and agents were amazed. They had never heard about HomeSmart, and when they saw what we had, they thought it was too good to be true. But they soon realized it was the real deal.

RL: In addition to the maximum commission fee plans, we have the biggest value proposition they’ve ever seen from any other real estate company they’ve worked for.

MP: So it’s more than the flat-fee model that attracts agents…
AH:
A lot of agents come to us because they’re attracted to the flat-fee model. But then they see our value proposition, and then they start telling their friends. We often get three to five agents from the same office.

RL: Besides the maximum commission, they get a fully staffed office, conference rooms to meet with clients, and broker support. They see the technology package, a full CRM, and marketing tools like YouTube videos for listings and a full-on printed listing presentation. Most agents have to shop around to get tools. We give them everything all in one shot.

MP: How does the HomeSmart system pave the way for easy growth?
AH:
[At press time], we have 548 agents and 13 people on staff. We could go to 700 or 800 agents and not have the need to add another person. In less than five years, we’ve grown to be ranked in RISMedia’s Power Broker Report. The HomeSmart system enabled that.

MP: Please describe your recruiting strategy.
AH:
Our own agents help us so much in that department. They’re our biggest endorsement. We’ve already hit the 100 mark on boomerang agents—agents who thought the grass was greener somewhere else and then came back to us. They become our biggest cheerleaders and recruiters.

For more information, please visit www.homesmart.com.

Maria Patterson is RISMedia’s executive editor. Email her your real estate news ideas at maria@rismedia.com.

For the latest real estate news and trends, bookmark RISMedia.com.

 

The post Remodeling Real Estate for the Future appeared first on RISMedia.

The Best Cities for First-Time Homebuyers

USA Real Estate News-RISMedia - 14 hours 38 min ago

Affordability is at the forefront of the minds of first-time homebuyers, who are contending with climbing prices and fierce competition. There are other considerations, however, that are important for first-time buyers, as well: cost of living, property crime rate, and utility costs, to name a few.

A recent assessment by WalletHub weighed these and other factors to identify the cities best suited for first-time buyers:

  1. McKinney, Texas
    McKinney, located in Collin County and part of the Dallas-Fort Worth Metroplex, scored 68.32 in the assessment.
  1. Frisco, Texas
    Frisco, located in Collin and Denton counties and part of the Dallas-Fort Worth Metroplex, scored 68.2 in the assessment.
  1. Allen, Texas
    Allen, located in Collin County and part of the Dallas-Fort Worth Metroplex, scored 68.15 in the assessment. Allen has the second-lowest property crime rate of the 30 cities ranked.
  1. Cary, N.C.
    Cary, located in Wake County and part of the Research Triangle, scored 67.98 in the assessment. Cary has the fourth-lowest property crime rate of the 30 cities ranked.
  1. Norman, Okla.
    Norman, located in Cleveland County and part of the Oklahoma City metropolitan area, scored 67.64 in the assessment. Norman has the fourth-lowest cost of living of the 30 cities ranked.
  1. Lincoln, Neb.
    Lincoln, the capital of Nebraska, located in Lancaster County, scored 66.61 in the assessment.
  1. Richardson, Texas
    Richardson, located in Collin and Dallas counties and part of the Dallas-Fort Worth Metroplex, scored 66.32 in the assessment.
  1. Boise, Idaho
    Boise, the capital of Idaho, located in Ada County, scored 66.26 in the assessment.
  1. Thornton, Colo.
    Thornton, located in Adams and Weld counties and part of the Denver-Aurora-Bloomfield metropolitan area, scored 66.04 in the assessment.
  1. Murfreesboro, Tenn.
    Murfreesboro, located in Rutherford County and part of the Nashville metropolitan area, scored 65.97 in the assessment.

Source: WalletHub

For the latest real estate news and trends, bookmark RISMedia.com.

The post The Best Cities for First-Time Homebuyers appeared first on RISMedia.

Home Price Change Expectations Flat

USA Real Estate News-RISMedia - 14 hours 39 min ago

Many homeowners have enjoyed a return to positive equity in recent years, with home prices on a consistent upward trend in most markets. How high will values go?

Potentially not much further, according to consumers in the June 2017 Survey of Consumer Expectations by the Federal Reserve Bank of New York, who held firm on their expectation of a 3.5 percent change in prices—the same expectation given in May.

Consumers, in addition, anticipate the median inflation rate to be 2.5 percent in one year and 2.8 percent in three years. The likelihood of finding a job, based on their perceptions, grew to 59.2 percent in June, and the likelihood of losing a job shrunk to 13.5 percent. The share of consumers surveyed with improved finances over the last year soared to 34.8 percent—a record.

Source: Federal Reserve Bank of New York

For the latest real estate news and trends, bookmark RISMedia.com.

The post Home Price Change Expectations Flat appeared first on RISMedia.

Real Estate Reigns as Americans’ Preferred Investment

USA Real Estate News-RISMedia - 14 hours 41 min ago

Real estate is the long-term investment of choice for Americans, who in a recent survey by Bankrate.com placed it ahead of bonds, cash, gold and stocks as the best method of building wealth over time. Real estate is now the chosen vehicle for the third consecutive time in the survey:

  • Real Estate (28 percent)
  • Cash (23 percent)
  • Stocks (17 percent)
  • Gold/Other Precious Metals (15 percent)
  • Bonds (4 percent)

Stocks have never been highly favored in the survey, despite their tendency to produce significant returns for investors who have a wide enough window to weather swings.

“We’ve begun to see rising yields on savings accounts,” says Mark Hamrick, senior economic analyst at Bankrate.com. “However, the preferences for cash and real estate indicate that too many people are leaving money on the virtual table by failing to be sufficiently exposed to the stock market, where higher long-term returns are found. This is especially the case for younger investors, who are in the best position to weather the inevitable short-term market volatility.”

Source: Bankrate.com

For the latest real estate news and trends, bookmark RISMedia.com.

The post Real Estate Reigns as Americans’ Preferred Investment appeared first on RISMedia.

Kushner 'inadvertently omitted' at least $10M in assets to revised disclosure - USA TODAY

USA Real Estate News - Fri, 2017-07-21 22:23

USA TODAY

Kushner 'inadvertently omitted' at least $10M in assets to revised disclosure
USA TODAY
In addition, Trump also revealed that she will be receiving recurring annual payments totaling $1.5 million from some of her real estate and consulting interests, according to agreements she worked out in consultation with the Office of Government Ethics.

and more »

Feast your eyes on the 7 most beautiful luxury listings in the world

USA Real Estate News-Inman - Fri, 2017-07-21 19:49
In June, HGTV teamed up with Leading Real Estate Companies of the World and Luxury Portfolio International for its 2017 Ultimate House Hunt. The month-long showcase and contest featured the world's most beautiful homes across eight categories, such as "Modern Masterpieces" and "International Homes." ...

James Clapper: Trump is 'making Russia great again' - USA TODAY

USA Real Estate News - Fri, 2017-07-21 19:20

USA TODAY

James Clapper: Trump is 'making Russia great again'
USA TODAY
... Veselnitskaya, was accompanied to the meeting by Russian-American lobbyist Rinat Akhmetshin, who once served in an intelligence unit of the Russian military, and Ike Kaveladze, an executive working for Russian real estate developer Aras Agalarov.

and more »

Opportunity knocks for Asean - The New Paper

Europe Real Estate News - Fri, 2017-07-21 19:05

Opportunity knocks for Asean
The New Paper
Europe's commercial and industrial real estate is becoming particularly attractive for Singapore-based real estate and investment trusts. City Developments Limited Hospitality Trusts, for example, recently purchased the Pullman Hotel and its office and ...

Daily market update: July 21, 2017 - Inman.com

Europe Real Estate News - Fri, 2017-07-21 16:45

Inman.com

Daily market update: July 21, 2017
Inman.com
“Mortgage rates fell from 60-day highs last week, prompted by weak domestic inflation and retail sales data, and reports that interest rates could rise in Europe as the European Central Bank ends recession-era policies,” said Erin Lantz, vice president ...

and more »

NorthStar Realty Europe Corp. (NRE) Breaks into New 52-Week High on July 21 Session - Equities.com

Europe Real Estate News - Fri, 2017-07-21 16:30

NorthStar Realty Europe Corp. (NRE) Breaks into New 52-Week High on July 21 Session
Equities.com
NorthStar Realty Europe Corp is an European commercial real estate company. It operates as a real estate investment trust. Its portfolio includes office properties located in European markets, including Berlin, Frankfurt, Hamburg, London, and Amsterdam.
NorthStar Realty Europe Corp. (NYSE:NRE) Trading Volume Significantly HigherFirst News 24

all 6 news articles »

Daily market update: July 21, 2017

USA Real Estate News-Inman - Fri, 2017-07-21 16:14
Mortgage rates plus all the latest real estate market news ...
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