Chris Lim: Turning Heads with a New Take on Real Estate
When real estate veteran Chris Lim founded Climb Real Estate in San Francisco six years ago, he wanted the firm to take a new approach to the traditional real estate model, which quickly started turning heads. “Climb is a very different real estate company. We have established a culture among our teams that rewards collaboration […]
Revisiting East Hampton’s Grey Gardens
Grey Gardens, the former home of Jackie O’s eccentric aunt and cousin, Big and Little Edie Beale, is perhaps the most peculiar home in East Hampton, adding a slice of strange history to this ritzy Long Island area. The house where future first lady Jacqueline Bouvier would gallivant as a child soon turned into a mere shell of itself, […]
Home-Price Gains Continue to Rise
Home prices maintained their robust, upward trajectory in a vast majority of metro areas during the second quarter, causing affordability to slightly decline despite mortgage rates hovering at lows not seen in over three years, according to the latest quarterly report by the National Association of REALTORS. The report also revealed that for the first time ever, […]
Education Insider: Tuning Into the Global Real Estate Opportunities in Your Own Backyard
The first step in developing a global business is awareness of opportunities. Start with a macro-level assessment of the global potential of your local area. The following resources provide information that will be helpful: NAR publishes State-by-State International Business Reports with detailed analysis of populations and economic patterns. The U.S. International Trade Administration publishes state-by-state […]
Mortgage Performance: HMDA Preview
CoreLogic Estimates Mortgage Origination Dollars Increased 30 Percent in 2015 It’s that time of year again. The annual Home Mortgage Disclosure Act (HMDA)1 data is expected in mid-September at which point the details on mortgage lending for 2015 will be made public. HMDA contains information for lenders and policy makers, including details on mortgage denial […]
Newly built New York City condos grow in price
According to CityRealty’s monthly market report on New York City condos and co-ops, Manhattan grossed $2.3 billion in residential sales in July. Total home sales, including both condos and co-ops, reached 1,086 — up from 906 the month prior …
Luxury listing: Napa Valley villa surrounded by vineyards
This Napa Valley mansion sits next to more than five acres of planted wine vineyards, so naturally the Tuscan-style villa comes with a wine cellar. The beautiful home features classic but modern Mediterranean fixtures on the interior, with a pool and tennis court in the backyard …
National foreclosure inventory drops more than 25 percent annually
Consistent with reports that we are once again in a booming housing market, housing data firm CoreLogic reports foreclosure inventory was down 25.9 percent year-over-year in June. Foreclosure inventory is defined as the number of homes at some stage of the foreclosure process …
Most sellers get commission discounts: Redfin
There’s a widespread perception that real estate agents tend to charge uniform rates, with the typical commission generally thought to hover between 5 percent and 6 percent, depending on the market. But a new study commissioned by Redfin suggests agents often charge less — much less, in fact — than what’s perceived to be the […]
Home-Price Gains Unfettered in Most Metro Areas during Second Quarter
WASHINGTON (August 10, 2016) — Home prices maintained their robust, upward trajectory in a vast majority of metro areas during the second quarter, causing affordability to slightly decline despite mortgage rates hovering at lows not seen in over three years, according to the latest quarterly report by the National Association of Realtors®. The report also […]
