STLRealEstate.News

Missouri Still Has No Legislation to Protect Its Citizens From Radon Gas Poisoning

SPRINGFIELD, MO./JUNE 25, 2018 (STLRealEstate.News) — The Missouri Department for Health and Senior Services (MDHSS) has stated that “31% of homes in Missouri are testing above EPA recommended levels for radon.” Still, Missouri has yet to enact any statutes addressing this dangerous, hidden threat. According to the Environmental Protection Agency (EPA), Radon is the leading … Continue reading Missouri Still Has No Legislation to Protect Its Citizens From Radon Gas Poisoning

Americans Love To Home Shop: Real Estate Sites Generate 86 Million Leads

DENVER/June 25, 2018 (STLRealEstate.News) — Real estate is in the midst of a consumer and technology-driven revolution, said three industry leaders gathered at “The Tightrope” event, sponsored by home lender Eave for brokers and agents early this month. Nick Bailey, CEO of Century 21 Real Estate, offered numbers to illustrate how rapidly the landscape for … Continue reading Americans Love To Home Shop: Real Estate Sites Generate 86 Million Leads

Lawmakers approve extending foreclosure mediation law

PROVIDENCE, R.I. — Lawmakers have approved a bill to extend an expiring law that keeps families in their homes to avoid foreclosure. The bill heads to the governor. The General Assembly approved it as the session ended late Saturday. A 2013 law requires mortgage lenders to participate in mediation with homeowners facing foreclosure to try … Continue reading Lawmakers approve extending foreclosure mediation law

Colombia Leads Countries Looking for Miami Homes in February

MIAMI /JUNE 25, 2018 (STLRealEstate.News) — Colombian consumers registered the most international web searches for Miami homes in February, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida remains the most-searched U.S. market by international consumers and a top-five market for homebuyers in the world’s six largest regions, according to … Continue reading Colombia Leads Countries Looking for Miami Homes in February

Millennium BlockChain to Take 10% Position in Synergy Quantum, At a 50 Million Dollar Valuation

LAS VEGAS and GENEVA/ June 25, 2018 (STLRealEstate.News) — Millennium BlockChain Inc. (OTC: MBLC) (“Millennium BlockChain” or the “Company”), a company focused on blockchain technologies and crypto-assets, today announced that it has entered into a letter of intent with Synergy Quantum, the world’s first private wealth management solution on a blockchain platform, to take a … Continue reading Millennium BlockChain to Take 10% Position in Synergy Quantum, At a 50 Million Dollar Valuation

US new-home sales climbed 6.7 percent in May

WASHINGTON/June 25, 2018 (AP)(STLRealEstate.News) — Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains. The Commerce Department said Monday that new homes sold last month at a seasonally adjusted annual rate of 689,000, up from 646,000 in April. The South reported monthly … Continue reading US new-home sales climbed 6.7 percent in May

DebtX: CMBS Loan Prices Rose In May

BOSTON/ June 25, 2018 (STLRealEstate.News) — DebtX, the largest marketplace for loans, said today that prices of commercial real estate loans underlying CMBS increased in May. During the month, the estimated price of whole loans securing the CMBS universe rose to 96.5% at the end of May, from 95.8% at the end of April. Prices … Continue reading DebtX: CMBS Loan Prices Rose In May

HomeSmart Open House Signs to Cover Communities Across the Country

SCOTTSDALE, ARIZ. / JUNE 25, 2018 (STLRealEstate.News) –HomeSmart agents throughout the country are invited to participate in the company’s coast-to-coast National Open House Weekend July 14 and 15. Consumers will have access to local real estate agents who are experts in their neighborhoods and can view homes easily without appointments. House hunters and members of … Continue reading HomeSmart Open House Signs to Cover Communities Across the Country

Top 10 Celebrity Real Estate News – Christie Brinkley, Matt Lauer & Tyler Perry

POMPANO BEACH, FLORIDA/JUNE 25, 2018(STLRealEstate.News)– “Top 10 Real Estate News” “Tyler Perry Sells to Pharrell Williams” With his own movie studio and performing many of the major roles himself, Tyler Perry has made a fortune with his films. In his spare time, Tyler has frequently bought and sold real estate across the country including the most … Continue reading Top 10 Celebrity Real Estate News – Christie Brinkley, Matt Lauer & Tyler Perry

The Amenities Factor: Housing in California is a Better Value Than You Think

ORANGE, Calif./ June 25, 2018 (STLRealEstate.News) — Working together with a class of undergraduate students, economist and professor Jim Doti, Ph.D., developed a statistical model to rank 39 counties in California according to “most undervalued” and “most overvalued.” (See illustration attached.) Nicknamed “the Amenities Factor,” the model takes into account such statistics as the county’s … Continue reading The Amenities Factor: Housing in California is a Better Value Than You Think

Reports: HUD failed to track lead paint cases, ensure fixes

WASHINGTON/June 25, 2018 (AP)(STLRealEstate.News) — Two federal reports released this month blast the Department of Housing and Urban Development for failing to have procedures to adequately protect children in subsidized housing against lead paint exposure. The reports, from the Government Accountability Office and HUD’s Office of Inspector General, paint a portrait of an agency without … Continue reading Reports: HUD failed to track lead paint cases, ensure fixes

Real Estate Roundtable Commends Supreme Court Decision to End Tax Discrimination Against Main Street Retailers

WASHINGTON – Real Estate Roundtable President and Chief Executive Officer Jeffrey DeBoer released the following statement on today’s Supreme Court decision (5-4) in South Dakota v. Wayfair expanding States’ authority to collect sales and use taxes on Internet consumer purchases from retailers who do not have a physical presence in a state. “The Real Estate … Continue reading Real Estate Roundtable Commends Supreme Court Decision to End Tax Discrimination Against Main Street Retailers

NAHREP Names New American Funding a Leading Mortgage Originator for Latinos

TUSTIN, Calif./ June 22, 2018 (STLRealEstate.News) — New American Funding placed 39 Loan Originators in the annual Top 250 Latino Mortgage Originators Report issued by the National Association of Hispanic Real Estate Professionals (NAHREP®), in association with RADIAN®. That total ranked No. 1 among all non-bank lenders for the 4th consecutive year. “I’m so proud … Continue reading NAHREP Names New American Funding a Leading Mortgage Originator for Latinos

Yardi Matrix: Multifamily Market Remains Healthy – Can It Be Sustained?

SANTA BARBARA, California/ June 22, 2018 (STLRealEstate.News) A new market analysis compiled by Yardi® Matrix reports that demand, positive demographic drivers and job growth point to a healthy state of affairs for the U.S. multifamily market. (Logo: https://mma.prnewswire.com/media/676064/Yardi_Logo.jpg ) “We expect U.S. rent growth will remain moderate overall, led by growing Southern and Western metros … Continue reading Yardi Matrix: Multifamily Market Remains Healthy – Can It Be Sustained?

Realtor.com® Reveals Top Price-Boosting Summer Home Features

SANTA CLARA, Calif./ June 22, 2018 (STLRealEstate.News) — With summer heating up, a new analysis from realtor.com®, The Home of Home Search℠, shows homes with amenities geared toward summer activities have major appeal for buyers. In fact, homes with summer features are often listed with at least 10 percent higher prices than similar homes in … Continue reading Realtor.com® Reveals Top Price-Boosting Summer Home Features

Realtors® Commend Supreme Court Decision Promoting Fairness Between Online, Main Street Businesses

WASHINGTON/ June 22, 2018 (STLRealEstate.News) — The Supreme Court today announced its decision in the case of South Dakota v. Wayfair, Inc., holding that states have the right to require online sellers to collect and remit sales tax. The court upheld a South Dakota law that applies to retailers that engage in 200 or more … Continue reading Realtors® Commend Supreme Court Decision Promoting Fairness Between Online, Main Street Businesses

US long-term mortgage rates fall; 30-year at 4.57 percent

WASHINGTON/June 21, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates fell this week, marking their third decline in the past four weeks after increasing last week. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.57 percent, down from 4.62 percent last week. By contrast, the 30-year rate averaged 3.90 percent … Continue reading US long-term mortgage rates fall; 30-year at 4.57 percent

Supreme Court ruling adds new wrinkle in Louisiana tax talks

BATON ROUGE, La./ June 21, 2018 (AP)(STLRealEstate.News) — A U.S. Supreme Court ruling that paves the way for states to collect sales taxes from online purchases has upended shaky tax negotiations among lawmakers in the Louisiana House. Louisiana has laws aimed at being able to take in taxes from online shoppers. It’s unclear when those … Continue reading Supreme Court ruling adds new wrinkle in Louisiana tax talks

Protecting Your Commercial Investment in The Changing Face of Retail and Commercial Property

EAST LONGMEADOW, Mass./ June 21, 2018 (STLRealEstate.News) — The story of retail has always been one of change. Malls moved commercial energy from Main Street into the suburbs. Big-box stores took their toll on mom-and-pop operations. Now, retailers are on the ground floor of this next generation of the new face of retail. Healthy retail … Continue reading Protecting Your Commercial Investment in The Changing Face of Retail and Commercial Property

HomeSmart International Releases Updated RealSmart Agent Software

SCOTTSDALE, ARIZ./ JUNE 21, 2018 (STLRealEstate.News) –HomeSmart International, the franchisor of the nation’s No. 5 ranked residential real estate brokerage, has announced the successful transition of all 15,000+ agents to the latest version of the company’s proprietary software platform, RealSmart Agent. The agents of all 53 HomeSmart International franchises completed the conversion to the updated … Continue reading HomeSmart International Releases Updated RealSmart Agent Software

The Top Real Estate CRM Software Vendors According to the FeaturedCustomers Summer 2018 Customer Success Report Rankings

SUNRISE, FLA./ JUNE 21, 2018 (STLRealEstate.News) –Today FeaturedCustomers released the 2018 Summer Real Estate CRM Software Customer Success Report to give prospects better insight on which Real Estate CRM Software would work best for their business according to real customer references. The highest rated vendors according to the 2018 Summer Real Estate CRM Software Customer … Continue reading The Top Real Estate CRM Software Vendors According to the FeaturedCustomers Summer 2018 Customer Success Report Rankings

The Cost of Money Tops The Counselors of Real Estate® Annual List of Top Ten Issues Affecting Real Estate

CHICAGO / JUNE 21, 2018 (STLRealEstate.News)  — The cost of money—Interest Rates and the Economy–leads the list of current issues on The Counselors of Real Estate’s annual list of Top Ten Issues Affecting Real Estate. As interest rates rise, the commercial and residential real estate markets are experiencing decreasing demand for commercial property, and higher … Continue reading The Cost of Money Tops The Counselors of Real Estate® Annual List of Top Ten Issues Affecting Real Estate

Miami Luxury Home Sales Jump in May 2018

MIAMI /JUNE 21, 2018 (STLRealEstate.News) — Total Miami luxury home sales rose 24.1 percent year-over-year in May as existing condominium sales rose for the second consecutive month, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system. Total Miami luxury sales ($1 million-and-above) increased from 158 … Continue reading Miami Luxury Home Sales Jump in May 2018

HOME Survey: Housing and Economic Outlook Remains Steady in Second Quarter of 2018

WASHINGTON/ June 21, 2018 (STLRealEstate.News) — New findings from the National Association of Realtors® show that a high number of Americans, 75 percent, believe that now is a good time to sell a house, while 68 percent think it is a good time to buy. That’s according to NAR’s second quarter Housing Opportunities and Market … Continue reading HOME Survey: Housing and Economic Outlook Remains Steady in Second Quarter of 2018

HomeKeepr Surpasses Five Million Recommendations for Home Service Professionals

LYNDHURST, N.J./ June 21, 2018 (STLRealEstate.News)  — HomeKeepr, the leading referral-only online community of REALTORS®, home service professionals and homeowners, today announced it has surpassed the five-million recommendation mark. The company has signed on more than 110,000 real estate, mortgage, and insurance professionals who have in turn recommended more than 320,000 home service contractors and … Continue reading HomeKeepr Surpasses Five Million Recommendations for Home Service Professionals

Consumers Continue Shopping for Homes in Most Regions as Low Inventory Persists

CHICAGO/ June 21, 2018 (STLRealEstate.News) — Homebuyer demand remained strong throughout the country in May as showing activity increased 1.2 percent year over year, according to the ShowingTime Showing Index®. The South Region experienced a 3.8 percent year-over-year increase compared to May 2017, exhibiting the highest regional year-over-year increase for the third consecutive month. The … Continue reading Consumers Continue Shopping for Homes in Most Regions as Low Inventory Persists

Manhattan Sales Inventory Rises at Fastest Pace on Record

NEW YORK/June 21, 2018 (STLRealEstate.News) — Home prices and sales inventory spiked in May, with inventory across the city reaching all-time highs, according to the May 2018 StreetEasy Market Reportsi. While sales inventory often peaks in May amid home-shopping season, this year set new records. Inventory in Manhattan rose 16.7 percent compared to last year, … Continue reading Manhattan Sales Inventory Rises at Fastest Pace on Record

U.S. Home Prices At Least Affordable Level Since Q3 2008

IRVINE, Calif./ June 21, 2018 (STLRealEstate.News) — ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q2 2018 U.S. Home Affordability Report, which shows that the U.S. home prices in the first quarter were at the least affordable level since Q3 2008. The report calculates an affordability index based on percentage … Continue reading U.S. Home Prices At Least Affordable Level Since Q3 2008

Muhammad Ali’s Michigan home on the market for $2.9 million

BERRIEN SPRINGS, Mich./June 21, 2018 (AP)(STLRealEstate.News) — The family of Muhammad Ali has put the late boxing legend’s Michigan estate on the market for nearly $2.9 million. The 81-acre property in southwestern Michigan’s Berrien Springs features a full-size boxing ring, a private gym, steam room, a main home and a guest house. There also is … Continue reading Muhammad Ali’s Michigan home on the market for $2.9 million