Land law

Rent Prices for Two and Three-Bedroom Homes Rising the Fastest

Retrieved on: 
Friday, June 29, 2018
Real estate, Apartment, Property, Bedroom, Land law, Law and economics, Affordable housing, Community organizing, Housing in the United Kingdom

Rent among two and three-bedroom homes is appreciating slightly faster than one-bedroom homes in U.S. metros with more new apartment construction.

Key Points: 
  • Rent among two and three-bedroom homes is appreciating slightly faster than one-bedroom homes in U.S. metros with more new apartment construction.
  • Rent prices rose 2.8 percent over the past year among both two-bedroom and three-bedroom rentals.
  • With rent among two and three-bedroom rentals rising the fastest, renters who need more space face an even tighter affordability crunch.
  • Median rent for two and three-bedroom homes in Chicago and San Antonio are also appreciating quickly, more than 80 percent faster than one-bedroom rents.

ERA Real Estate Offers Listing Service for New Construction Homes

Retrieved on: 
Thursday, June 28, 2018
Property, Real estate, Land law, Residential real estate, Franchises, Real estate license, NeighborCity

"ERA is the only real estate company to offer the New Home Source Professional platform to its affiliated brokers and agents on a national level," said Simon Chen, President and CEO of ERA.

Key Points: 
  • "ERA is the only real estate company to offer the New Home Source Professional platform to its affiliated brokers and agents on a national level," said Simon Chen, President and CEO of ERA.
  • The personalized ERA site offers extensive details including pricing, footage, amenity information, and community information regarding taxes and school districts.
  • As a global leader in the residential real estate industry for more than 40 years, ERA was the first real estate franchise to expand internationally, the first to post listings online, and is the only national company that offers the Sellers Security Plan program.
  • The ERA Real Estate network includes 40,000affiliated brokers and independent sales associates and approximately 2,300 offices throughout the United States and 31 other countries and territories.

Serena E. Henry Joins Berkshire Hathaway HomeServices Georgia Properties As VP Training And Agent Business Development

Retrieved on: 
Thursday, June 28, 2018
Real estate, Property, Land law, Berkshire Hathaway, Commercial real estate, Luxury real estate, Property insurance, Real estate brokers, HomeServices of America, GMAC Real Estate, Edina Realty

ATLANTA, June 28, 2018 /PRNewswire/ -- Berkshire Hathaway HomeServices Georgia Properties is proud to announce that Serena E. Henry has joined the company as Vice President of Training and Agent Business Development.

Key Points: 
  • ATLANTA, June 28, 2018 /PRNewswire/ -- Berkshire Hathaway HomeServices Georgia Properties is proud to announce that Serena E. Henry has joined the company as Vice President of Training and Agent Business Development.
  • Serena most recently served as the Managing Broker of the InTown Office for a large real estate brokerage.
  • She is well-known and well-respected in the real estate industry," said Dan Forsman, President & CEO of Berkshire Hathaway HomeServices Georgia Properties.
  • Berkshire Hathaway HomeServices Georgia Properties has over 1,650 associates and 26 locations across the Greater Metro Atlanta and North Georgia area.

Realtor.com® International Adds EXIT Realty Canadian Listings

Retrieved on: 
Thursday, June 28, 2018
Real estate, Property, Land law, Residential real estate, Realtor.com, National Association of Realtors

SANTA CLARA, Calif., June 28, 2018 /PRNewswire/ --Realtor.com, The Home of Home Search, today announced that Canadian listings from EXIT Realty Corp. International are now available on realtor.com International, offering buyers the opportunity to view for-sale and rental listings from more than 70 countries.

Key Points: 
  • SANTA CLARA, Calif., June 28, 2018 /PRNewswire/ --Realtor.com, The Home of Home Search, today announced that Canadian listings from EXIT Realty Corp. International are now available on realtor.com International, offering buyers the opportunity to view for-sale and rental listings from more than 70 countries.
  • "We are thrilled to expand the number of Canadian listings on realtor.com International through our relationship with EXIT Realty," said Eleonore Rojas, vice president of NAR partnerships and international relations for realtor.com.
  • "EXIT Realty's Canadian presence on realtor.com International is a great way to give international home buyers the chance to find the Canadian home of their dreams."
  • "We're excited about the additional exposure EXIT's Canadian listings will receive by appearing on realtor.com International," said Joyce Paron, President, Canadian Division, EXIT Realty Corp. International.

Median Listing Price for Homes Hits Record $299,000 in June; Days on Market Also At Record Low of 54 Days

Retrieved on: 
Wednesday, June 27, 2018
Real estate, Property, Land law, Residential real estate, Inventory optimization, Real estate valuation, Realtor.com, Inventory, Percentage

The inventory of homes for sale in the U.S. grew 4 percent in June over May, representing a typical seasonal increase.

Key Points: 
  • The inventory of homes for sale in the U.S. grew 4 percent in June over May, representing a typical seasonal increase.
  • On an annual basis, inventory decreased 4 percent, a slower rate than the 8 percent average decrease in the previous 12 months.
  • Listings on realtor.com sold in just 54 days on average, six days less (10 percent faster) than last June and one day less than May.
  • The median listing price of $299,000 is the highest recorded price point since realtor.com's inventory data series began in early 2012.

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

Retrieved on: 
Friday, June 22, 2018
Real estate, Property, Land law, Residential real estate, Real estate valuation, Realtor.com

In fact, homes with summer features are often listed with at least 10 percent higher prices than similar homes in the same state.

Key Points: 
  • In fact, homes with summer features are often listed with at least 10 percent higher prices than similar homes in the same state.
  • "Buyers love special features that enable them to get the most out of the summer months, and are willing to pay more for a home that has them, according to our analysis," said Javier Vivas, director of economic research for realtor.com.
  • Realtor.com looked for common summer-related terms in listings of single-family homes listed for $150,000+ that appeared on realtor.com in May 2018.
  • Outdoor showers are highly desirable when it comes to summer features.

New home market buoyed by stronger condo apartment sales in May

Retrieved on: 
Thursday, June 21, 2018
Real property law, Land law, Condominium, Apartment, Property

Condo apartments accounted for 2,003 of the 2,345 total new home sales in May, only one per cent below the ten-year average for condo apartment sales, though still down 47 per cent from May 2017, which saw a record high of 3,766 condominium apartments sold.

Key Points: 
  • Condo apartments accounted for 2,003 of the 2,345 total new home sales in May, only one per cent below the ten-year average for condo apartment sales, though still down 47 per cent from May 2017, which saw a record high of 3,766 condominium apartments sold.
  • "May new condominium apartment sales were very encouraging," noted Patricia Arsenault, Altus Group's Executive Vice-President, Research Consulting Services.
  • The increase in condominium apartment sales and relatively few openingsonly five projects representing 710 units opened in Maymeant that remaining inventory for condos was down, at 9,345 units.
  • Condominium apartment remaining inventory includes units in preconstruction projects, in projects currently under construction, and in completed buildings.

Fla. Housing Market: Sales, Median Prices, New Listings Up in May 2018

Retrieved on: 
Wednesday, June 20, 2018
Economy, Real property law, Real estate, Condominium, Townhouse, Land law, National Association of Realtors, Real estate broker

ORLANDO, Fla., June 20, 2018 /PRNewswire/ --In May, Florida's housing market reported more sales, higher median prices and more new listings from owners ready to sell, according to the latest housing data released by Florida Realtors.

Key Points: 
  • ORLANDO, Fla., June 20, 2018 /PRNewswire/ --In May, Florida's housing market reported more sales, higher median prices and more new listings from owners ready to sell, according to the latest housing data released by Florida Realtors.
  • Sellers of existing single-family homes in May received 96.7 percent (median percentage) of their original listing price, while those selling townhouse-condo properties received 95.1 percent (median percentage).
  • "However, it appears that our tight inventory may be easing slightly: New listings for single-family homes in May rose 4.8 percent year-over-year, while new townhouse-condo listings increased 6 percent.
  • May was the 77th consecutive month that the statewide median sales prices for both single-family homes and townhouse-condo properties rose year-over-year.

Existing-Home Sales Backpedal, Decrease 0.4 Percent in May

Retrieved on: 
Wednesday, June 20, 2018
Mixed liquor suspended solids, Sewerage, Foreclosure, Economy, Land law, Real estate, United States housing market correction

Unsold inventory is at a 4.1-month supply at the current sales pace (4.2 months a year ago).

Key Points: 
  • Unsold inventory is at a 4.1-month supply at the current sales pace (4.2 months a year ago).
  • Two percent of May sales were foreclosures and 1 percent were short sales.
  • NAR rebenchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.
  • Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos.

Gridics Expands 3D Zoning & Development Analysis Software to New York City

Retrieved on: 
Wednesday, June 20, 2018
Geography of Florida, Florida, Land law, Real estate, Real property law, Urban planning, Zoning, Miami, Fort Lauderdale, Florida, Subdivision

MIAMI, June 20, 2018 /PRNewswire/ -- Gridics LLC, a Miami-based software company, today announced the expansion of its 3D Development Analysis Platform called ZONAR to New York City.

Key Points: 
  • MIAMI, June 20, 2018 /PRNewswire/ -- Gridics LLC, a Miami-based software company, today announced the expansion of its 3D Development Analysis Platform called ZONAR to New York City.
  • After starting with the City of Miami last year, Gridics has begun expanding their 3D zoning code management platform to more cities including Fort Lauderdale and now New York City.
  • "We are thrilled with our expansion of our 3D zoning code management platform to the largest real estate development market in the world," said Jason Doyle, CEO of Gridics.
  • About Gridics: Headquartered in Miami, FL, Gridics develops unique data and software applications in the area of real estate zoning analysis and interpretation.