Articles Tagged with ''Realtor.com''

Amazon announces HQ2 locations in New York and Virginia

Housing industry reacts to potential impact
Amazon announced Tuesday the locations for its second headquarters, naming Long Island City, New York, and Arlington, Virginia, as the winners of its year-long search. HQ2 is expected to bring 50,000 jobs and more than $5 billion in investments, and while this will be a boost to the local economies, some are critical of the tech giant’s impact on property values and infrastructure.
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Realtor.com works to increase agent visibility

Company's new product will utilize social media to extend agent reach
Realtor dot com recently announced plans to launch a new product, that will allow agents to place customized, branded ads on its website and social media. The website's senior vice president, Deepak Thakral, said Local Expert helps real estate professionals build visibility and awareness with buyers who are looking for homes in their markets of expertise.
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New home sales fall, highlighting Southeastern storms' impact

Sales of new single-family homes down 13.2% from last year
New home sales declined in September, according to the latest report from the Census Bureau and the Department of Housing and Urban Development. Zillow Senior Economist Aaron Terrazas said today’s disappointing new home sales numbers can be attributed to September storms in the Southeast and increasing homebuilding costs.
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August jobs report: Unemployment holds steady at 3.9%

Non-farm payrolls increased by 201,000
The unemployment rate in August remained at 3.9%, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. One economist said the 9 year high in wage growth ensures the federal government will raise rates at their meeting later in September.
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In real estate, man’s best friend is often calling the shots

Realtor.com reveals pet-owning homebuyers make decisions based on their animals
Realtor.com surveyed 1,000 recent homebuyers to reveal that 80% were pet owners. Among those with pets, 90% said their animals' needs were essential to their decision of purchasing a home, and most of them would pass up their dream home if it didn't work for Fido.
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Realtor.com: Home prices are rising 3 times faster than rents

This could mean further reinforcement for multifamily demand for the foreseeable future
According to Realtor.com, home prices are rising at three times the rate of rent growth. A new analysis by the real estate company’s research division shows that the monthly costs of buying a home have risen by 14% over the past year while rents have only increased by 4%. That's likely to keep people renting.
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News Corp’s Move acquiring Texas real estate startup Opcity for $210 million

Company matches homebuyers and sellers with real estate agents
Move, which is owned by media giant News Corp and operates Realtor.com for the National Association of Realtors, is about to grow its real estate empire by acquiring a Texas-based real estate technology startup that claims its technology can match qualified homebuyers and sellers with real estate agents in real-time. News Corp announced late Wednesday that Move is acquiring Opcity, which was founded in 2015, for $210 million.
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NFL player Mychal Kendricks accused of insider trading on News Corp’s acquisition of Move

Former Browns linebacker admits to getting tips from former Goldman Sachs analyst
Former Cleveland Browns linebacker Mychal Kendricks admitted Wednesday that he engaged in insider trading when he used privileged information from a former Goldman Sachs analyst to make a profit of nearly $280,000 when News Corp acquired Move back in 2014.
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Freddie Mac: Mortgage rates fall to lowest level since mid-April

Mortgage rates decrease for the third consecutive week
Mortgage rates decreased for the third consecutive week, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac’s Chief Economist Sam Khater said consumer spending is now driving equities higher, however, sales activity in the housing market has now crested.
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