Why Builders Are Worried About Millennials DAILY REAL ESTATE NEWS | WEDNESDAY, JUNE 25, 2014

Millennials are going to be a big force in the housing industry in the years to come, but for homebuilders, they may be trouble. Columnist Jeff Reeve writes in The Wall Street Journal that homebuilders should be worried about millennials’ impact to their bottom line. The generation tends to have a personal taste for urban living and … More Why Builders Are Worried About Millennials DAILY REAL ESTATE NEWS | WEDNESDAY, JUNE 25, 2014

Douglas Elliman will pay to make all 9,000 of its listings ‘featured’ on Zillow Brokerage

by Paul Hagey staff writer for Inman news Jun 24, 2014 Douglas Elliman Real Estate, the U.S.’s fourth-largest brokerage, will begin marketing its more than 9,000 listings on Zillow this week. Under the marketing partnership, the New York City-based firm’s listings will show up as “featured listings” on Zillow, pushing them to the top of search … More Douglas Elliman will pay to make all 9,000 of its listings ‘featured’ on Zillow Brokerage

Why bitcoin may turn out to be more than a fad and have a significant impact on real estate Published June 6, 2014 | By ListedBY The below article was an interview that was posted by Inman News (Reference)

Ray Sturm is the co-founder of RealtyShares, a company that allows accredited investors to crowdfund real estate transactions. The company is also one of the first in the real estate space to accept bitcoin as a currency for purchases. Bitcoin is a virtual “cryptocurrency” that has its own valuation and exchanges. Tech pundits have debated … More Why bitcoin may turn out to be more than a fad and have a significant impact on real estate Published June 6, 2014 | By ListedBY The below article was an interview that was posted by Inman News (Reference)

What your paycheck will buy in 27 cities

How much do you need to earn in order to afford the principal and interest payments on a median-priced home in your metro area? HSH.com crunched the numbers. Metro area Median home price Annual salary you need to buy Cleveland $102,100 $29,800 Pittsburgh $120,000 $30,200 St Louis $120,500 $31,300 Cincinnati $121,700 $31,900 Detroit $110,750 $32,300 … More What your paycheck will buy in 27 cities

Bank Foreclosures Listed Far Below Regional Selling Prices

RealtyStore, a provider of a broad variety of real estate listings, recently released a report outlining average selling prices for bank foreclosures. The company found the median price of bank foreclosures for sale in six select states list at an average of nearly 50 percent below recent median existing-home sale prices. The states—Maryland, Massachusetts, Mississippi, … More Bank Foreclosures Listed Far Below Regional Selling Prices

Millennials squeezed out of buying a home By Les Christie CNN Money June 2014

NEW YORK (CNNMoney) The Millennial generation is great at many things: texting, social media, selfies. But buying a home? Not so much. Just 36% of Americans under the age of 35own a home,according to the Census Bureau. That’s down from 42% in 2007 and the lowest level since 1982, when the agency began tracking homeownership … More Millennials squeezed out of buying a home By Les Christie CNN Money June 2014