Real Estate News

This Brokerage Offers a Buy-Back Guarantee

NAR Daily Real Estate News - March 1, 2018 - 1:00am

A Southern California real estate brokerage says it will get buyers’ backs with a guarantee of satisfaction this spring, even if it’s...

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10 Cities Relying on Commercial Real Estate

NAR Daily Real Estate News - March 1, 2018 - 1:00am

There’s significant economic growth being generated by the commercial housing market on both state and national levels. Find out...

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Are Hispanics Behind Rising Ownership Rates?

NAR Daily Real Estate News - March 1, 2018 - 1:00am

A new study predicts that the growing Hispanic population and workforce will help drive growth in the market for decades to come.

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Property Coin: Crypto Investors Looking to Fix and Flip

RisMedia Consumer Advice - February 28, 2018 - 5:18pm

Is blockchain the future of real estate transactions? So far, only a few contracts have closed through Bitcoin or other forms of cryptocurrency; however, with offerings being introduced, that could quickly change.

Aperture Real Estate Ventures, a real estate technology and investment firm based in Los Angeles, Calif., claims it has launched the first-ever real estate-backed digital currency, Property Coin. Aperture’s model relies on coin proceeds to power its real estate investment business, which focuses on acquiring distressed residential properties and rehabbing them, as well as writing loans to smaller investors who have the same objective.

“Unlike many cryptocurrency offerings, Property Coin’s proposition is straightforward,” said Andrew Jewett, co-CEO of Aperture, in a statement. “One-hundred percent of the net proceeds from sales of Property Coins will be used to invest in properties and loans identified by our proprietary software and our experienced team. Accordingly, Property Coin is designed to be 100-percent backed by real estate assets, giving each coin holder a fractional economic interest in the investments made by Aperture or its affiliates with the net proceeds realized from the sale of Property Coins.”

When buying Property Coins, investors are not only receiving a fractional percentage of assets owned by Property Coin and its entities, but coin holders will also own 50 percent of the net profits from the loan and property investments.

Built on Ethereum—another blockchain-based cryptocurrency not far behind Bitcoin in popularity—Property Coin is completely backed by U.S. real estate assets. Aperture asserts that all investments will be made using the experience of Wall Street and real estate investment professionals while also incorporating industry technology powered by data science.

Property Coin’s public sale began on Feb. 26 for its initial offering at 50 U.S. dollars each, or through the equivalent value of Ethereum or Bitcoin currency. Property Coin purchases are restricted to Accredited Investors who buy at least $1,000 worth of coins.

“We’re very excited to be able to offer this proprietary formula to cryptocurrency investors who want access to a diversified, tech-powered, professionally managed portfolio of real estate assets through Property Coin,” said Matt Miles, co-CEO of Aperture.

Of course, volatility remains an issue with blockchain technology. Aperture is relying on its reinvestment strategy to add token stability and to create renewed interest in the real estate investment market.

Stay tuned to RISMedia for more developments.

Liz Dominguez is RISMedia’s associate content editor. Email her your real estate news ideas at ldominguez@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

The post Property Coin: Crypto Investors Looking to Fix and Flip appeared first on RISMedia.

Categories: Real Estate News

Agent Uses ‘Not Haunted’ Sign to Lure Buyers

NAR Daily Real Estate News - February 28, 2018 - 1:00am

Real estate pro Ellis Young is known for employing creative signs to attract lookers, and his latest attempt did just that. But his solution to...

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Buyers Are on the Hunt But They’re Not Buying

NAR Daily Real Estate News - February 28, 2018 - 1:00am

Contract signings posted a major setback in January, sinking to the lowest level in more than three years. However, buyer traffic is up in most...

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Metros With the Highest Ownership Rates

NAR Daily Real Estate News - February 28, 2018 - 1:00am

It’s good to be a real estate pro in Allentown, Pa. The town boasts the highest homeownership rate in the nation. Find out what other areas...

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Mortgage Applications Finally Edge Up Again

NAR Daily Real Estate News - February 28, 2018 - 1:00am

A brief pause in the rise of interest rates helped buoy mortgage application volume last week, following several weeks of declines.

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Tax Time = Saving Time?

NAR Daily Real Estate News - February 28, 2018 - 1:00am

Many Americans have sizable checks coming to them from the government this season. Now may be a good moment to remind clients about the importance...

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4 Tips for Keeping Properties Safe

NAR Daily Real Estate News - February 27, 2018 - 1:00am

Renters are 85 percent more likely to be burglarized than homeowners, according to one home security company. Learn how to keep structures secure...

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Factors Behind Property Tax Surges

NAR Daily Real Estate News - February 27, 2018 - 1:00am

Homeowners may question why their property taxes keep going up, and some may be shocked by just how much. But there are several reasons for the...

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5 Misconceptions Rookies Have of Real Estate

NAR Daily Real Estate News - February 27, 2018 - 1:00am

Some newcomers to the industry jump into a real estate career with the wrong impressions of what it’s really like.

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Dispute Over Claims of Racist Mortgage Practices

NAR Daily Real Estate News - February 27, 2018 - 1:00am

The Mortgage Bankers Association is raising issues with a new analysis distributed by an activist group that claims widespread racial disparities...

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More Buyers Gamble With Sight-Unseen Offers

NAR Daily Real Estate News - February 27, 2018 - 1:00am

In a tight market, a growing share of home buyers are purchasing homes without visiting the property first. 

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Rising Rates Dampening New-Home Sales?

NAR Daily Real Estate News - February 27, 2018 - 1:00am

Sales plunged in the first month of 2018, and some economists blame it on rising mortgage rates that caused some shoppers to pause in January.

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5 Steps to Protect Your Office From Mass Casualty Events

NAR Daily Real Estate News - February 27, 2018 - 1:00am

Here’s what property managers and brokers can do to prepare their teams for the unthinkable.

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Volatile Market Threatens Retirement Real Estate

RisMedia Consumer Advice - February 26, 2018 - 4:57pm

The stock market has been on a volatile patch after plunging nearly 1,600 points at the beginning of February—and, while stable now, consumers and investors are watching closely. With many public pension plans tied to stocks, the incoming retirement community is hoping for a full recovery to recoup losses.

Many public pensions have already reported a loss. The California Public Employees’ Retirement System—the largest public pension fund in the nation—lost $18.5 billion in value over 10 trading days at the beginning of the month, according to the Wall Street Journal. While diversifying from traditional stocks and bonds decreases the risk of massive losses during a market drop, investing in alternative assets can introduce complex selling regulations and added fees.

Millions of government workers are relying on these plans, and with various states in a pension shortfall, employees are at risk of losing much-needed funds. The Wall Street Journal reports that most pension funds need to earn between 7-8 percent each year in order to pay for future benefits. According to Kiplinger, a few states are struggling to meet this goal: Illinois, Connecticut and Kentucky need to recover half of their estimated liabilities. In order to meet these objectives, hired firms are setting aggressive investment targets, which can potentially fund these accounts at a quicker pace, or may cause a steep fall-off, depending on stock market activity.

While most pension plans do not provide enough funds to financially carry an individual through their retirement, for many, they are the primary benefit they will rely on. For 30 percent of public-sector workers in 12 states, Social Security is not an option, according to CNN Money. The inability to control which assets their employer’s hired firm decides to invest in can be frightening for soon-to-be retirees who are watching funds diminish in the wake of this month’s market downturn.

What does this mean for real estate?

Future retirees, for one, may not have as many options when it comes to housing and paying off existing mortgages. Retirement-aged consumers who owe on their mortgage and do not receive the necessary funds to pay their debt, in addition to living expenses, may find themselves in a difficult situation. Individuals that were initially planning on downsizing and/or investing in a vacation property may find they need to refinance or risk losing their home to foreclosure or bankruptcy. These public pension plans in relation to stock market activity may also prompt homeowners to stay in their homes and at their jobs longer to secure more funds and ensure a financially safe future. With less downsizing, market inventory may be affected, creating shortages for move-up buyers.

With pension funds dwindling, the Public Pension Project—created by the Urban Institute’s Program on Retirement Policy and State and Local Finance Initiative—is working toward reform by examining current public pension trends and activity throughout the U.S. A State of Retirement map compiles this data to present detailed state-by-state information on plan rules.

Firms are adapting to the volatile market, selling off stocks and diversifying where needed, but only time will tell if these are sound investment decisions that will provide enough funds for the millions of Americans that need this income for their retirement and future real estate needs.

Liz Dominguez is RISMedia’s associate content editor. Email her your real estate news ideas at ldominguez@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

The post Volatile Market Threatens Retirement Real Estate appeared first on RISMedia.

Categories: Real Estate News

2 REALTORS® Lost Daughters in Fla. Shooting

NAR Daily Real Estate News - February 26, 2018 - 1:00am

“My daughter was hunted at school, running to save her life,” says Fred Guttenberg, a real estate professional in Fort Lauderdale, who...

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8 Hot Markets for Millennials, Gen X, Boomers

NAR Daily Real Estate News - February 26, 2018 - 1:00am

Because these age cohorts are in different stages of their lives, they are seeking different types of locations that meet their specific needs....

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Quicken Loans Becomes Nation’s Top Lender

NAR Daily Real Estate News - February 26, 2018 - 1:00am

The company surpassed Wells Fargo in mortgage origination volume in the fourth quarter of 2017.

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