Author: RT

Adwerx Creates Multi-Tier, Automated Advertising Program with Berkshire Hathaway Home Services New Jersey Properties

Adwerx Creates Multi-Tier, Automated Advertising Program with Berkshire Hathaway Home Services New Jersey Properties Comprehensive digital advertising program includes special features for luxury listings Adwerx, the leading provider of localized digital advertising for over 80,000 U.S. real estate agents and brokers, today announced their newest brokerage partner to join the Adwerx Enterprise platform: Berkshire Hathaway Home Services New Jersey Properties, which serves northern and central New Jersey. Through the partnership, 800 agents in 19 offices will benefit from automated digital advertising services as well as special advertising features for luxury listings over $1 million.?? Adwerx will provide automated digital...

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Multifamily Developer Confidence Weakens in Third Quarter

The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), dropped 10 points to 46 in the third quarter of 2017. This is the lowest reading since the second quarter of 2011. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100. The index and all of its components are scaled so that a number above 50 indicates that more respondents report conditions are improving than report conditions are getting worse. The MPI provides a composite measure of three key elements...

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Daniel Gale Sotheby’s International Realty Premieres Agent Video Profiles 

Daniel Gale Sotheby’s International Realty Premieres Agent Video Profiles Close to two dozen sales professionals from Daniel Gale Sotheby’s International Realty enjoyed a star turn recently when the organization premiered “Every Agent has a Story to Tell,” the leading Realtor’s newest agent marketing program.  “Every Agent has a Story to Tell” is a sophisticated video portrait that articulates an agent’s personal and professional story, creating an authentic and engaging connection with the viewer.  The premiere was held in the Founder’s Club of the Paramount Theater in Huntington, NY in front of an audience of close to 100 agents, managers,...

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3 Ways to Develop Without Being a “Shark”

3 Ways to Develop Without Being a “Shark” Wanting to help people stay in an area where real estate values in a market in which median home sales have increased by 12% over the last year, and where the average price per square foot rose to $747 (up from $701), the owners of Brooklyn-based MyRenovations, LLC, are on a mission to transform existing housing stock into attractive, livable dwellings. “We started seeing a lot of gentrification here in Brooklyn,” say Kayan and Marko Vrzic, “and a lot of distressed brownstones being renovated and sold at higher prices. We wanted to make sure our neighbors had a fair chance of staying in the community, despite the changes taking place in the market.” Armed with extensive real estate experience—Kayan was involved with the new, $20 billion Hudson Yards development, while Marko has built and sold two 44-story properties and transacted over $48 million dollars of properties over the last 15 years—the pair set out to make a difference. Here’s how they’re doing it: Stop thinking like developers. Unlike the developers who overcharge homeowners with inflated rates, the Vrzics are focused on rebuilding the community and making the process more convenient and fair for the homebuyers in Brooklyn. As the number of developers looking to buy and flip properties at higher prices increased in Brooklyn, the Vrzics took the opposite tack. “They’re...

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Housing Starts Up Sharply, Near Post-Recession High in October

Housing Starts Up Sharply, Near Post-Recession High in October Nationwide housing starts rose 13.7 percent in October to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This is the highest housing production reading since October 2016, when total starts hit a post-recession high of 1.33 million. Single-family production rose 5.3 percent in October to a seasonally adjusted annual rate of 877,000. Year-to-date, single-family starts are 8.4 percent above their level over...

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