Tag: mls real estate
How to Buy a House in Florida, Part 3
It was a hot summer day and we were sitting at a table in the back of a local coffee shop.“How do I get the money out of this house?”I asked my wife.I looked around and realized that most of us were still trying to figure out what to buy.As a single parent, we’ve been…
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Real estate commission pay raises at Texas real estate firms
Texas realestate commission pay increases at Texas-based real estate brokers are expected to average 2.7% over the next five years, the state’s real estate commissioner said Thursday.In a speech at the Texas Real Estate Association’s annual meeting, John Linton, a Republican commissioner who previously worked in the Texas House, outlined a range of incentives for…
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Former New York City mayor and Trump ally says Donald Trump has ‘a plan’ to make it big in Las Vegas
Former New Yorkers Mayor Michael Bloomberg and Trump associate Jared Kushner are both trying to make the case that Donald Trump is on a “Plan B” to make real estate in the Las Vegas Strip and beyond profitable.Bloomberg said on Tuesday that he has been talking to Kushner and his business partner, George Soros, who…
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Texas Real Estate Commission: The Texas Legislature Passed a Law That Could End the Real Estate Brokerage System
The Texas real estate brokerage industry is reeling after a bipartisan bill to end the state’s three-tier system for real estate sales and marketing failed to pass the state Senate on Monday.A similar proposal in the House failed in June.The bill would have ended the system in favor of a three-tiered system, where buyers and…
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Is a new land development near you?
A new land developer is in talks with landowners who want to develop their land near the city of Boston, a project that’s drawing interest from both developers and landowners.The Massachusetts Bay Municipal Corporation announced on Wednesday that it was exploring two projects that would use a site that has been underutilized for more than…
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The real estate market’s new reality
It’s hard to imagine what’s next for the real estate industry.The Trump administration has a plan to privatize the housing market, and the Federal Reserve has already begun to cut interest rates.But these are just the beginning of the forces that are threatening the future of real estate in America.As the economy continues to struggle,…
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Brazil: Trump says US will not back down on US aid to Brazil
AUSTIN, Texas — President Donald Trump told Brazil’s President Dilma Rousseff Wednesday that he was “very pleased” that Brazil has pledged $4 billion in new aid to help improve the country’s infrastructure.“We’re very pleased,” Trump told reporters in a brief news conference with his Brazilian counterpart.I think that it’s very important for Brazil to get…
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A new report on the L.A. real estate industry shows a troubling trend in which local and regional leaders are being bought and sold to finance more homes for investors, and the developers who own them, at lower prices.The LA Times, which is owned by the Times Co., reports that over the past five years, property developers have been buying up land at below-market prices. This trend is particularly prevalent in Southern California, where the market is already experiencing the worst housing shortage in at least a decade.The Times
notes that the trend has been exacerbated by the state’s “affordable housing” tax.The tax, which the state introduced in 2014, taxes developers who sell affordable housing on the basis of gross market value, meaning the higher the property’s gross market price, the less the tax is levied on it.The idea is that if a developer…
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A real estate broker’s take on the #MLS expansion
Real estate broker John P. Reaves says MLS teams are a “game changer” for MLS expansion teams.“They are going to be an absolute game changer for MLS,” Reaves told The Associated Press in an interview.The league’s expansion committee approved the $500 million deal in December, a milestone Reaves said he expected would help MLS attract…
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Florida real estate is going to be a billion dollar industry
In a world where real estate companies rake in billions of dollars a year, there’s been a lot of attention paid to the potential for growth in the real estate sector.In particular, many analysts have predicted that Florida’s real estate market will soon surpass that of Texas, with a market worth $1.2 billion in 2020.However,…
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