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Author Archives: BridgeTower Media Newswires

Redfin: Luxury home prices up 7 percent in the fourth quarter

Luxury home prices rose 7.4 percent year-over-year to an average of $1.76 million in the fourth quarter of 2017, according to the latest luxury market report from Redfin, the real estate brokerage. The analysis tracks home sales in more than ...

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Albertsons to buy drugstore chain Rite Aid

The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation’s third-largest drugstore chain, to form a new company with $83 billion expected revenue. ...

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Top 25 U.S. zip codes for buying single family rental homes in Q3 (access required)

ATTOM Data Solutions has released its Q3 2017 Single Family Rental Market report, which identified the top 25 U.S. zip codes for buying single family rental homes based on potential rental yields and cash flow, vacancy rates, home price appreciation, ...

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U.S. office space vacancies continue tightening trend (access required)

A strong U.S. economy continues to limit the supply of available office space across the country, with the largest number of vacancies in Sunbelt and Midwestern regions, according to BBG, a leading independent national commercial real estate valuation, advisory and ...

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NAR predicts existing-home sales to grow 3.7% in 2018 (access required)

The steadily improving U.S economy, sustained job growth, and rising confidence that now is a good time to buy a home should pave the way for an increase in existing-home sales in 2018, but continued supply shortages, and passage of ...

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Price gap could slow commercial real estate sales (access required)

Commercial real estate transactions may slow nationally because buyers and sellers disagree on prices. National Association of Realtors Chief Economist Lawrence Yun gave this forecast at the 2017 Realtors Conference and Expo, held Nov. 3-6 in Chicago. “Buyers cannot offer ...

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Distressed home sales share drops to 10-year low in Q3 (access required)

ATTOM Data Solutions has released its Q3 2017 U.S. Home Sales Report, which shows that distressed home sales — including bank-owned (REO) sales, third-party foreclosure auction sales, and short sales — accounted for 12.5 percent of all home sales in ...

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Corporate real estate managers embrace co-working (access required)

photo of trailhead

Co-working, the style of work marked by open shared spaces among workers of different companies and popularized by “solopreneurs” and tech workers, is quickly being embraced by those who manage real estate needs for large corporations. The trend is explored ...

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ABA to look at tougher bar exam standards (access required)

The national accrediting body for law schools is slated to consider a proposal to require law schools to have at least 75 percent of graduates pass the bar exam within two years of graduation. The American Bar Association’s Council of ...

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Study shows value of real estate continuing education and networking (access required)

Real estate agents can see how their real estate continuing education habits compare to those of 1,100 peers who took part in a study about the importance of continuing education and networking. The anonymous study, which was conducted by a ...

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