Category: Uncategorized

21 Aug

Adwerx and re/max Launch Listing Automation

RE/MAX, Adwerx and llc, a provider of localized digital advertising for real estate agents and agents, have launched a scheduled program to perform digital ads for new RE/MAX listings from participating regions in the U.S. and Canada.  On August 21 in SAN FRANCISCO BAY AREA the announcement was made at the RE/MAX Broker Owner Conference, Calif.

“RE/MAX includes a commitment to supply their affiliates with the very best tools, but understands the task to getting affiliates to utilize them also,” said Jed Carlson, CEO of Adwerx.  “The Adwerx Scale platform has opened the hinged door for 100 percent adoption, serving owner, the true estate RE/MAX and agent itself.”

All participating RE/MAX affiliates will undoubtedly be finding a digital listing advertisement for just one week on each new listing starting on September 20 and through the entire remaining year.  Agents with new listings between this time around period will receive their very own Adwerx account and also extend the promotion and build new campaigns.

“Nobody sells more estate than RE/MAX real, as measured by residential transaction sides. So, this results in vast sums of impressions for the agents&rsquo potentially; customers under this new initiative,” said RE/MAX Executive Vice President Mike Ryan. “Adwerx makes it simple and easy to build an online branding campaign that follows consumers over the internet. That kind of reach is really a ‘game changer’ for both our affiliates and their clients.”

september 20

The program can be acquired to participating RE/MAX affiliates through MAX/Center and begins. Find out more at: https://remax.adwerx.com.

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21 Aug

Of Year economy to Weather Turbulence in Second Half

of the entire year

Analysts anticipate the economy will weather turbulence expected in the next half, in accordance with Fannie Mae’s Economic & Strategic Research (ESR) Group’for August 2017 s recently released Economic and Housing Outlook. The Outlook maintains the economy shall grow 2. of the entire year 0 percent on the course, with possible setbacks coming even.

“We have been keeping our full-year economic growth outlook at 2.0 percent, as risks to your forecast are balanced roughly,” says Doug Duncan, chief economist at Fannie Mae. “On the upside, consumer spending growth might not moderate just as much as we’ve accounted for inside our forecast. A build-up in inventory also ought to be positive for growth this quarter and nonresidential investment in structures will probably continue steadily to improve as oil prices stabilize. Furthermore, the decline in the dollar and a pick-up in global growth should support exports and manufacturing, even though outlook for the trade sector is clouded by uncertainty surrounding trade policy.”

An impending government shutdown and political unrest could hinder economic growth, Duncan says, however, not to slow its present momentum enough.

“Headwinds include tax policy uncertainty which could delay business investment, the chance of a partial government shutdown this fall if Congress does not pass spending appropriations, a technical default if your debt ceiling isn’t raised, and a rise in global political unease,” says Duncan. “However, we believe these headwinds and tailwinds net out overall essentially, and we the stand by position our view that economic growth shall stick to track for just two 2.0 percent in 2017.”

Consumers expect their spending to go up 2.year 82 percent over the next, in June a forecast slightly less than what they projected, based on the Federal Reserve Bank of New York’s Survey of Consumer Expectations (SCE) for July.

Experts surveyed by Zillow recently, furthermore, expect a “geopolitical crisis” to do something as a catalyst for another recession, to occur by 2020.

The economy expanded 1.of the year 9 percent during the first half, the ESR reports, below expectations moderately.

Source: Fannie Mae

Suzanne De Vita is RISMedia’s online news editor. Email her your property news ideas at sdevita@rismedia.com.

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21 Aug

RE/MAX Reintroduces Brand With Fresh Logo

RE/MAX announced a “refresh” on Monday of its brand identity, including an update to its iconic balloon wordmark and logo. The changes can look in advertising and on office fronts and yard signs in the entire months ahead, in addition to in TV ads and on remax.com this fall.

“Our new look represents the enthusiastic entrepreneurs who comprise our network better,” says Adam Contos, co-CEO of RE/MAX. “Great brands evolve and RE/MAX is not any different. We believe the updated balloon and wordmark can help our agents grow their business and present them a straight bigger competitive advantage in digital, social media marketing and mobile marketing.”

RE/MAX’s red, white and blue heat balloon is &ldquo now;brighter, of today newer and more attractive to homebuyers and sellers,” in accordance with a release from the ongoing company. The refresh, that was developed with feedback from a lot more than 20,000 consumers, may be the first-ever update to the 44-year-old company’s brand identity.

“It’s a brandname evolution, not just a brand revolution,” says Pete Crowe, senior vice president of Marketing and Communications at RE/MAX. “The subtle adjustments to probably the most powerful image in property was an all natural next thing across our residential, luxury and commercial brands.

“Buyers that are 36 yrs . old and younger continue steadily to purchase homes at an increased rate than other age ranges,” Crowe says. “Simultaneously, property tools and technologies have changed just how we help people trade houses drastically. The refreshed brand is really a proactive proceed to continue steadily to position RE/MAX agents as industry leaders for the homebuyers and sellers of today and tomorrow.”

on September 20

RE/MAX plans to celebrate the refresh through local events held because of its affiliates worldwide.

The announcement was made at the annual RE/MAX Broker/Owner Conference, this week in SAN FRANCISCO BAY AREA taking place, Calif.

For more info, please visit www.remax.com.

Go inside RE/MAX’s refresh in the upcoming problem of PROPERTY magazine, coming to RISMedia soon.com.

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21 Aug

Nevada’s Creepy Clown Motel Is on the market Now

Editor’s Note: This is originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

Located in the old silver and gold mining town of Tonopah, Nev., this Clown Motel is most definitely not the area for people experiencing coulrophobia (a.k.a., worries of clowns). Not merely may be the lobby filled up with a huge selection of assorted clowns, from wall and figurines art to assorted trinkets, but every single room is clown themed, aswell.

Freaky for ya enough? It gets worse.

The motel shares a whole lot with a cemetery filled with gold miners who died from the plague. The cemetery is literally right nearby. It’s such as a real-life horror film. Picture this: It’s after you&rsquo and midnight;ve just checked into your clown-infested room once you realize: you left your phone charger in the automobile! No big deal—you’ll need to leave your room just, alone, night at, to perform to your vehicle that is pretty much sitting in a probably-haunted cemetery filled with items that go bump in the night time. panic-inducing at all Not! It’s like House of just one 1,000 Corpses meets Stephen King’s It meets From Dusk Till Dawn. (Could it be Halloween yet?)

clown_motel_2b

Image Credit: Travel Nevada

The motel’s owner, Bob Perchetti, is preparing to retire and move ahead from the creepy clown shrine he opened twenty years ago. We are able to only do you know what sort of buyer will probably chomp as of this bit—actually, we shudder to believe.

The motel is on the market for $900,000, but one condition: the motel must keep its heritage.

Take an additional look in the Clown Motel in this video from NEVADA Now.

Nick Caruso is RISMedia’s senior editor. Email him your property news ideas at nick@rismedia.com.

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

20 Aug

A huge selection of Neighborhoods Join the Million-Dollar Club

Home prices are continuing to bulldoze records—mounting so much, actually, that a huge selection of neighborhoods have joined the million-dollar club recently, where at the very least ten percent of homes are worth $1 million or even more, in accordance with an analysis by Zillow. Approximately 345 million-dollar neighborhoods have cropped up within the last 3 years, with the LA, New San and York Francisco metro areas forming probably the most million-dollar neighborhoods since 2014.

“As home values reach new peaks, $1 million homes are common increasingly, even yet in neighborhoods considered middle income once,” says Dr. Svenja Gudell, chief economist at Zillow. “The U.S. median home value is merely over $200,000, but in SAN FRANCISCO BAY AREA, Los Angeles along with other expensive cities, homes are worth a lot more.”

New York has added 53 new million-dollar neighborhoods during the past 3 years, the analysis found; SAN FRANCISCO BAY AREA has added 36 and LA has added 29. The Minneapolis-St. Paul, Boston, Miami-Ft. Lauderdale and San Jose metro areas have added million-dollar neighborhoods in substantial numbers also.

Several metro areas, however, have added no million-dollar neighborhoods at all since 2014, talking with their relative affordability even while prices rise: Cincinnati, Columbus and cleveland, Ohio; Charlotte; Houston; Indianapolis; Orlando; Pittsburgh; Phoenix; and Tampa.

Still, the growth of million-dollar neighborhoods could spell trouble for the middle-class and for individuals who could have difficulty weathering property tax hikes, Gudell says.

“As home values hit seven figures in lots of neighborhoods, it’s likely to have real impacts on affordability for middle-class homeowners whose incomes haven’t kept up, which imbalance especially has implications for folks on fixed incomes whose property taxes are rising with their home value.”

All told, the analysis tallied 1,280 million-dollar neighborhoods. Four percent of the roughly 30,000 zip codes weighed had at the very least ten percent of homes worth $1 million or even more.

For more info, please visit www.zillow.com.

Suzanne De Vita is RISMedia’s online news editor. Email her your property news ideas at sdevita@rismedia.com.

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

19 Aug

THE VERY BEST Cities for Retirees to Call Home

Ask any retiree what mattered most within their visit a new home, & most will let you know location. A recently available study by WalletHub ranked the very best locations for soon-to-be retirees, weighing cost of living, healthcare, quality of recreation&mdash and life;and in a not-so-unexpected twist, the very best three locations in the ranking were all within sunlight State:

  1. Orlando, Fla.
  2. Tampa, Fla.
  3. Miami, Fla.
  4. Scottsdale, Ariz.
  5. Atlanta, Ga.

Several other cities outside the top five were named perfect for retirees, aswell. Laredo, Texas was ranked No. 1 predicated on cost of in-home cost and care of living, while Plano, Texas, and Grand Prairie, Texas, were ranked No.1 no. 3, respectively, generally in most employed retirees. (Lots of people of retirement are simply just forced to help keep working because of insufficient savings, in accordance with WalletHub.) Some sprawling urban centers are fitted to retirees seeking a dynamic lifestyle; Washington, D.C., for example, is tied for first for probably the most museums and senior centers per capita.

When it comes solely to weather, however, California can’t be beat: Glendale, Bakersfield and riverside ranked in the very best three for “mild weather,” accompanied by Scottsdale, Ariz., and Henderson, Nev.

Source: WalletHub

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19 Aug

Craig Beggins: Organic Growth Drives the near future

June 2017 marked the 25th anniversary of CENTURY 21 Beggins Enterprises, which bills itself as a “life betterment company.”

“The best part about being in the true estate business is empowering, encouraging and educating realtors to create their life better, whatever which means in their mind, while they desire to provide our customers making use of their finest property experience…guaranteed,” says Broker/Owner Craig Beggins.

While the majority of the firm’s markets need to go back to the peak values of 2005 yet, Beggins notes that the initial 1 / 2 of 2017 has been exceptional. Year because of a strong, the firm—which covers West Central Florida—per month has opened two new locations and is consistently hiring 12 to 15 agents.

Still, you can find challenges, explains Beggins.

“Most of these home based business models that threaten to disintermediate the agent from the transaction, which are attracting large rounds of funding, certainly are a challenge,” he says. “Everyone thinks what we do is simple and will be replaced by technology, but that’s not. We’per month re selling 300 homes, and there’s not just one transaction that’s exactly like another. Our agents and our staff go and beyond normal expectations above. Someday we&rsquo perhaps; find a &lsquo ll;normal’ transaction.”

In Beggins’ opinion, the firm’s biggest chance of growth is organic, and he’s currently on a quest to greatly help 300 agents add a minumum of one additional closing per quarter. When accomplished, this can create a 40 percent growth for the ongoing company.

“Being truly a right section of CENTURY 21, we have confidence in the idea that one and something and something equals five. We’re teaching our agents to market the charged power of the CENTURY 21 brand, the charged power of CENTURY 21 Beggins in the neighborhood market and their expertise in the trenches,” he says. “We’ve embraced technology, and with assistance from CENTURY 21 and its own technologies, we feel very comfortable that we’re on the leading edge, and, internally, we’ve a 40-person staff to aid our agents. We’re paperless, we’ve secure email servers and we are able to literally do a whole transaction rather than touch a bit of paper.”

far as training

As, Beggins feels he offers something unique.

“It begins with this three-week onboarding process, that leads from what we call Beggins University, a four-day intensive sales program, every morning both which are reinforced by way of a daily team huddle from 8:30 to 9:30,” says Beggins. “Of these team huddles, I expose the celebrations and mistakes which are made in order that each agent can gain the knowledge of a master agent in a brief period of time. It’s as an MBA in property, with case studies and all.”

Due to the training process, the business is of interest to new licensees highly.

“We’re excellent at growing our very own. Retention comes naturally from our agents understanding that we’ve a prescribed system that produces results and frees them around concentrate on their customers,” says Beggins. “And, needless to say, the more productive a realtor becomes, the more they’re rewarded by CENTURY 21 and Beggins Enterprises.”

Vitals: CENTURY 21 Beggins Enterprises
Years in Business
: 25
Size: 10 offices; 300 agents
Region Served: West Central Florida, from Sarasota to Clearwater
2016 Sales Volume: $700 million
2016 Transactions: Approximately 2,500
www.c21beggins.com

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19 Aug

Homebuyers: Bring about the Big Yards

Homebuyers today tend to be more thinking about houses with space to spare outdoors than people that have substantial square footage inside—actually, 56 percent recently surveyed by Taylor Morrison would accept an inferior house if it meant they might like a larger yard.

Women, especially, favor more in the form of outside space than men (62 percent of these surveyed versus 51 percent), however the preference was reported across generations and by non-parents and parents alike.

What characteristics would the exterior of the house have? Based on the survey, homebuyers desire space between them and their neighbors most, along with prioritize the driveway style, exterior paint color, siding and roofing.

Read: 8 Outdoor Trends That Attract Buyers

Source: Taylor Morrison

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17 Aug

The U.S. Has Gained 346 New $1 Million Neighborhoods Since 2014

SEATTLE, Aug. 17, 2017 /PRNewswire/ — Nearly one in 20 residential ZIP codes meets Zillow’s definition of a $1 Million Neighborhood, meaning at the very least ten percent of the homes are worth seven figures there, according to a fresh Zillow® analysis. You can find 346 new $1 Million Neighborhoodsi in the U.S. since 2014, because the housing marketplace continues its push toward recovering fully.

Zillow analyzed residential ZIP codes over the national country, searching for places where at the very least ten percent of homes in your community are worth $1 million or even more, rendering it a $1 Million Neighborhood. About 4 percent of most ZIP codes analyzed had enough $1 million homes to qualify. There are always a total of just one 1 now,280 $1 Million Neighborhoods in the U.S., from 958 in 2014 up.

U.S. home values are in an archive high because the housing marketplace continues its recovery from the fantastic Recession. As a total result, an increasing amount of ZIP codes have found themselves on the $1 Million Neighborhood list. West Coast urban centers, where home values fastest have bounced back, saw the best increase in the amount of $1 Million Neighborhoods in the last 3 years. 

Nearly 74 percent of most ZIP codes in the San Francisco metropolitan area meet up with the $1 Million Neighborhood benchmark. One in five SAN FRANCISCO BAY AREA ZIP codes have already been put into the $1 Million Neighborhoods list since 2007. The San Francisco metropolitan area has gained 36 $1 Million Neighborhoods in the last 3 years, second to New York, which gained 53.

“As home values reach new peaks, $1 million homes are increasingly common, even yet in neighborhoods considered middle income once,” said Zillow’s Chief Economist Dr. Svenja Gudell. “The U.S. median home value is merely over $200,000, however in San Francisco, Los Angeles along with other expensive cities, homes are worth a lot more. As home values hit seven figures in lots of neighborhoods, it will have real impacts on affordability for middle-class homeowners whose incomes haven’t kept up, which imbalance especially has implications for folks on fixed incomes whose property taxes are rising with their home value.”

Not all markets are seeing a rise in the share of $1 Million Neighborhoods. In St. Louis and Cincinnati, where in fact the median home value ‘s almost $50,000 below the national median, no new $1 Million Neighborhoods were added in the last a decade.

Las Vegas, on the list of hardest hit by the fantastic Recession, has only gained one $1 Million Neighborhood since 2014. 

Metropolitan Area

Total $1
Million
Neighborhoods

Number of New $1
Million
Neighborhoods
Since 2014

Number of New
$1 Million
Neighborhoods
Over the Past
Year

Zillow Home
Value Indexii

(ZHVI)

United States

1,280

346

128

$200,400

New York/ Northern New Jersey

254

53

20

$422,300

Los Angeles-Long Beach-Anaheim, CA

146

29

13

$609,800

Chicago, IL

17

2

1

$211,200

Dallas-Fort Worth, TX

10

4

2

$211,000

Philadelphia, PA

17

4

1

$218,700

Houston, TX

6

0

0

$178,400

Washington, DC

42

8

3

$382,600

Miami-Fort Lauderdale, FL

36

13

3

$253,100

Atlanta, GA

7

4

1

$179,900

Boston, MA

73

18

7

$427,700

San Francisco, CA

125

36

6

$854,300

Detroit, MI

4

2

0

$141,000

Riverside, CA

5

1

0

$328,800

Phoenix, AZ

8

0

0

$236,900

Seattle, WA

38

22

9

$447,100

Minneapolis-St Paul, MN

6

1

1

$247,400

San Diego, CA

25

8

4

$548,000

St. Louis, MO

4

0

0

$148,600

Tampa, FL

6

4

2

$185,700

Baltimore, MD

9

3

1

$261,000

Denver, CO

13

7

2

$370,000

Pittsburgh, PA

0

0

0

$137,400

Portland, OR

11

6

2

$367,400

Charlotte, NC

2

0

0

$174,800

Sacramento, CA

9

6

1

$369,200

San Antonio, TX

2

1

1

$162,700

Orlando, FL

2

0

0

$207,000

Cincinnati, OH

1

0

0

$152,600

Cleveland, OH

1

0

0

$134,600

Las Vegas, NV

2

1

0

$225,500

Columbus, OH

0

0

0

$162,500

Indianapolis, IN

0

0

0

$138,100

San Jose, CA

46

13

3

$1,013,700

Austin, TX

7

2

1

$271,500

Zillow
Zillow may be the leading property and rental marketplace focused on empowering consumers with data, inspiration and knowledge round the accepted place they call home, and connecting them with the very best local professionals who is able to help. Furthermore, Zillow operates an industry-leading economics and analytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housing data and research covering a lot more than 450 markets at Zillow PROPERTY Research. Zillow sponsors the quarterly zillow Home Price Expectations Survey also, which asks a lot more than 100 leading economists, property experts and investment and market strategists to predict the road of the Zillow Home Value Index on the next five years. Launched in 2006, Zillow is operated and owned by zillow Group, Inc. (NASDAQ:Z and ZG), and headquartered in Seattle.

Zillow is really a registered trademark of Zillow, Inc.

i A $1 Million Neighborhood code means a ZIP code where at the very least ten percent of homes for the reason that ZIP are worth $1 million or even more.
ii The Zillow Home Value Index (ZHVI) may be the median estimated home value for confirmed geographic area on confirmed day and includes the worthiness of most single-family residences, cooperatives and condominiums, of if they sold inside a given period regardless. It really is expressed in dollars, and adjusted seasonally.

SOURCE Zillow

16 Aug

Another Recession shall Start Within 3 YEARS, In accordance with Experts

SEATTLE, Aug. 16, 2017 /PRNewswire/ — There exists a 73 percent chance another U.S. recession will start by the finish of 2020, in accordance with a panel of experts surveyed for the 2017 Q3 Zillow Home Price Expectations Surveyi. However the experts don’t anticipate the housing marketplace would play as big a job as in past recessions. Instead, they anticipate a geopolitical crisis could trigger another recession.

The quarterly survey, sponsored by Zillow® and conducted by Pulsenomics LLC, asked a lot more than 100 property experts and economists concerning the next national recession, its causes, and the potential effects on the housing marketplace.

The panelists expect another recession to possess a moderate effect on the U.S. housing marketplace overall, however, many markets tend to be more at an increased risk than others. A lot more than 60 percent of experts say another recession could have a major effect on the San Francisco and Miami housing markets, and at the very least half predict a significant impact in Los Angeles and New York aswell.

“That experts believe geopolitical crisis may be the probably next trigger for another recession is really a sign of the changing times we’re surviving in,” said Zillow Chief Economist Dr. Svenja Gudell. “Historically, geopolitical events rarely result in a sustained recession, along with other contributing factors, such as for example oil price shocks, play a far more predominant role. We’ve enjoyed eight years of sustained growth following a last recession, however the housing market continues to be recovering in lots of ways. The housing marketplace is not likely to cause another recession, however, many major markets could see some collateral damage.”

Unsustainable home price increases and lax lending standards resulted in a substantial decline in the housing marketplace a decade ago, kicking off the final recession. Nationally, homes lost 23 percent of these value, and much more than 50 percent in the hardest hit metros. This crash resulted in a widespread economic recession, with high unemployment rates and slow wage growth.

The Great Recession continues to be being felt after many years of recovery. Even while some housing markets set record highs, home values in 55 percent of U.S. markets are below the peak values set through the bubble years, and five million homeowners remain underwater on the mortgages. Wage increases have only recently found after many years of relatively stagnant growthii.

Despite the expected effect on the housing marketplace, the survey respondents expect home values to keep to understand at a wholesome pace. The existing expectation is for home values to go up 5.1 percent in 2017, from 4 up. 4 percent earlier this season.

“Stronger short-term expectations for U.S. home prices certainly are a sign of the persistent inventory challenges facing first-time and move-up homebuyers, but experts’ long-term predictions claim that buyers could have more bargaining power in the years ahead,” said Pulsenomics Founder Terry Loebs. “Incomes growing faster than home values is really a promising sign for renters hoping to become homeowners, however they should still tread carefully in markets which have seen sharp price increases recently.”

Zillow
Zillow may be the leading property and rental marketplace focused on empowering consumers with data, inspiration and knowledge round the accepted place they call home, and connecting them with the very best local professionals who is able to help. Furthermore, Zillow operates an industry-leading economics and analytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housing data and research covering a lot more than 450 markets at Zillow PROPERTY Research. Zillow sponsors the quarterly zillow Home Price Expectations Survey also, which asks a lot more than 100 leading economists, property experts and investment and market strategists to predict the road of the Zillow Home Value Index on the next five years. Launched in 2006, Zillow is operated and owned by zillow Group, Inc. (NASDAQ:Z and ZG), and headquartered in Seattle.

Zillow is really a registered trademark of Zillow, Inc.

About Pulsenomics:
Pulsenomics LLC (www.pulsenomics.com) can be an independent research and consulting firm that focuses on data analytics, new index and product development for institutional clients in the financial and property arenas. Pulsenomics also designs and manages expert surveys and consumer polls to recognize trends and expectations which are highly relevant to effective business management and monitoring economic health. Pulsenomics LLC may be the author of The real home Price Expectations Survey™, The U.S. Housing Confidence Survey, and The U.S. Housing Confidence Index. Pulsenomics®, The Housing Confidence Index™, and The Housing Confidence Survey™ are trademarks of Pulsenomics LLC.

i This edition of the Zillow Home Price Expectations Survey surveyed 114 experts between July 24-August 7, 2017. The survey was conducted by Pulsenomics LLC with respect to Zillow, Inc. and asked professionals about their expectations for the housing marketplace. 
iihttps://www.clevelandfed.org/newsroom-and-events/publications/economic-commentary/2017-economic-commentaries/ec-201704-wage-growth-after-great-recession.aspx

SOURCE Zillow