Debbie  Caprio

Debbie Caprio

Real Estate Consultant

The Caprio Group Inc.

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'New frontier' Bulgaria attracts real estate investors - Business Day

Europe Real Estate News - 3 hours 52 min ago

Business Day

'New frontier' Bulgaria attracts real estate investors
Business Day
Bulgaria is a new frontier for real estate investors, with many South African companies already having invested in Poland, the largest economy in eastern Europe. UK-based Hystead, which is co-owned by JSE-listed shopping centre owner Hyprop and PDI ...

New Silkroutes Group to Acquire 66% Stake in European Fund Manager Culross Global - AsiaOne

Europe Real Estate News - Wed, 2017-10-18 21:11

New Silkroutes Group to Acquire 66% Stake in European Fund Manager Culross Global
AsiaOne
The NSG group has been restructuring, with NSC to serve as the financial 'dashboard' for the group's invested verticals, which include financials, energy, healthcare and real estate. With this acquisition, NSC will on-board essential wealth management ...
New Silkroutes unit to buy majority stake in European fund manager for US$2.6mTHE BUSINESS TIMES

all 2 news articles »

New Silkroutes unit to buy majority stake in European fund manager for US$2.6m - THE BUSINESS TIMES

Europe Real Estate News - Wed, 2017-10-18 20:34

New Silkroutes unit to buy majority stake in European fund manager for US$2.6m
THE BUSINESS TIMES
"Think of NSC as NSG's financial dashboard, through which we will raise and allocate funds to support our energy, healthcare and real estate investments and projects. Some of this financial expertise will come from Culross Global, which has a ...

and more »

Real estate tracking app demo: Hacker Connect

USA Real Estate News-Inman - Wed, 2017-10-18 20:00
Is the Dominos tracking app better than any real estate tracking app out there? Believe it or not, the answer to that questions used to be "yes". Fortunately, Shane Farkas of The Agency and Jess Martin of First.io took the Inman Stage to explain how their new app is going to take the anxiety out of the real estate transaction by tracking every step of the way ...

Opendoor’s buying homes at a rate of $100M per month

USA Real Estate News-Inman - Wed, 2017-10-18 18:01
Opendoor, a three-year-old San Francisco startup that uses technology to quickly buy and resell homes, reports that it's reached a $1.3 billion annual purchase rate, which rounds out monthly home purchases at about $100 million ...

Pacific Union International acquires Empire Realty

USA Real Estate News-Inman - Wed, 2017-10-18 16:54
This is the third acquisition in the last 10 months for Pacific Union, following its merger with Beverly Hills firm Partners Trust in August ...

Altice USA's move to Long Island City drives LI office sublease market - Real Estate Weekly

USA Real Estate News - Wed, 2017-10-18 16:44

Altice USA's move to Long Island City drives LI office sublease market
Real Estate Weekly
One major sale was reported on the island this past quarter: Brooklyn-based real estate investor Abraham Schwartz scooped up a pair of single-story Class B properties in Melville at 520 Broadhollow Road and 1660 Walt Whitman Road for $37 million, ...

and more »

5 drywall texture techniques to create the perfect vibe

USA Real Estate News-Inman - Wed, 2017-10-18 16:15
From the lightest of stipples to the heaviest of Mediterranean swirls, the texture on your walls and ceilings does a lot to create your home's specific look and feel. It can also be a fun way to change your home's appearance ...

Poll: Will you upgrade to the iPhone X?

USA Real Estate News-Inman - Wed, 2017-10-18 15:41
Tell us if you're planning to pony up for Apple's new $999 gadget ...

EPS for Dream Industrial Real Estate Invest Trst (DIR.UN) Expected At $0.23; Mittal Steel USA Has 3 Sentiment - Herald KS

USA Real Estate News - Wed, 2017-10-18 15:37

Herald KS

EPS for Dream Industrial Real Estate Invest Trst (DIR.UN) Expected At $0.23; Mittal Steel USA Has 3 Sentiment
Herald KS
Analysts expect Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) to report $0.23 EPS on November, 3.They anticipate $0.00 EPS change or 0.00% from last quarter's $0.23 EPS. T_DIR's profit would be $13.99 million giving it 9.87 P/E if the $0.23 EPS ...

4 wildest stunts for Amazon's second headquarters: Cities compete for 50000 jobs - USA TODAY

USA Real Estate News - Wed, 2017-10-18 14:45

USA TODAY

4 wildest stunts for Amazon's second headquarters: Cities compete for 50000 jobs
USA TODAY
Several American cities are delivering prime pitches to Amazon as the retail tech giant weighs its option for a second headquarters in North America. While traditional factors such as talent, real estate, costs, taxes, transit and quality of life are ...

and more »

Diverse Roads Lead to Opportunity in Real Estate

USA Real Estate News-RISMedia - Wed, 2017-10-18 14:39

Every REALTOR® has a backstory on their path to real estate—and according to new research out of the National Association of REALTORS® (NAR), most REALTORS® were self-motivated to pursue it as a profession.

Seventy percent of REALTORS® self-started their career because of an interest in the industry, the “Choosing a Career in Real Estate: A Perspective on Gender, Race and Ethnicity” report reveals. Sixty-four percent, in fact, say their interest in real estate is the most attractive part of the business to them.

Comprised of findings from a survey of 6,363 members of NAR, the report shows 69 percent of male REALTORS® and 65 percent of female REALTORS® embarked on a career in real estate that was self-motivated. African American and Black REALTORS®, markedly, represent the largest share of self-motivated starts, at 75 percent.

Some REALTORS® entered the industry because of a friend who referred them, the report shows. Broken down by gender, a friend encouraged 20 percent of female REALTORS® and 18 percent of male REALTORS® to join the profession. Twenty-seven percent of Asian and Pacific Islander REALTORS® were referred by a friend—also the majority share.

Confirmed in the research? REALTORS® come from all walks of life. Eighty-two percent got their start in the working world outside of real estate; for 51 percent of female REALTORS®, real estate is their second career, and for 36 percent of male REALTORS®, their third. Female REALTORS® are more likely to come from a career in education, management or office support, while male REALTORS® are more likely to come from a career in management or sales. Sixty-one percent of African American and Black REALTORS®—again, the majority share—are in their second career.

Looking at activity and production, Caucasian and White REALTORS® (who make up 82 percent of NAR members) have the highest sales volume and transactions of all groups, the report shows. Asian and Pacific Islander REALTORS®, however, sell the most expensive homes—translating to the highest median gross income ($56,800) of all segments. Caucasian and White REALTORS® have a median gross income of $54,200.

Hispanic and Latino REALTORS®, by comparison, have a median gross income of $41,700 and the second-highest median transactions, and sell the third-most expensive homes. They are also the largest group with less than one year of experience in the field, and the largest segment specializing in the residential sector (71 percent).

In contrast, African American and Black REALTORS® sell the least expensive homes and have the lowest median gross income ($23,000). They are also the majority group earning less than half their income from real estate, and working less than 20 hours each week, suggesting part-time status as a REALTOR®.

Turning to gender, male REALTORS® have a median gross income of $54,600, while female REALTORS® have a median gross income of $46,700. Male REALTORS®, however, have a median seven transactions; females, a median eight.

Diversity in the field is reflected in its practitioners, but many REALTORS® share similar views, the report shows. Eighty-six percent of REALTORS® agree “people skills” are crucial to residential real estate success. Other important talents: self-motivation (84 percent) and negotiation skills (73 percent). When asked what are the most attractive aspects of the profession, “flexible hours,” “working with people,” the “entrepreneurial” quality of real estate, and “salary possibilities,” were common responses.

“A career in real estate offers a work environment and diversity of opportunity that attracts all types of individuals, and the report’s findings are a reflection of that,” says NAR President Bill Brown. “That being said, NAR remains committed to ensuring that its membership continues to reflect America’s growing diversity.”

NAR’s diversity initiatives include several programs and resources: the At Home With Diversity (AHWD) certification; the Equal Opportunity and Cultural Diversity Program, which includes education, events, grants and partnerships; and the NAR Diversity Initiative Grant Program.

For more information, please visit www.nar.realtor.

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Diverse Roads Lead to Opportunity in Real Estate appeared first on RISMedia.

Honoring the Exceptional and Extraordinary: RISMedia’s Power Broker Reception & Dinner

USA Real Estate News-RISMedia - Wed, 2017-10-18 14:35

Leading Power Brokers will gather in Chicago, Ill., this November as guests of honor at RISMedia’s 22nd Annual Power Broker Reception & Dinner, being held Friday, Nov. 3, during the REALTORS® Conference & Expo.

The Power Broker Reception & Dinner is an exclusive, invitation-only event honoring the Top 500 brokers in RISMedia’s Annual Power Broker Report & Survey, published in April. The event, held at the Palmer House Hilton in Chicago, includes a cocktail reception followed by a dinner and an awards ceremony, and will be capped off by a talk by special guest speaker Frank Abagnale, the author and film subject of “Catch Me If You Can.”

The awards ceremony is one of the event’s main highlights, where the following honors will be presented to four industry leaders:

RISMedia’s ‘On the Shoulders of Giants’ Award 
Sponsored by RE/MAX
The ‘On the Shoulders of Giants’ Award was created to recognize those individuals whose efforts, works, deeds and character exemplify superior achievements in and for the real estate industry, yet whose efforts often go unnoticed.

RISMedia’s Real Estate Leadership Award 
Sponsored by Buffini & Company
The Real Estate Leadership Award is designed to honor an industry visionary who embraces innovation and exercises resilience to blaze new paths to success for real estate professionals and consumers alike.

RISMedia’s Tech Titan Award 
Sponsored by Homes.com
The Tech Titan Award is presented to brokerage leaders who have demonstrated an exceptional ability to adapt and integrate new and innovative tools and services within their organization to improve and enhance the overall consumer experience.

RISMedia’s Homeownership Award
Sponsored by Quicken Loans
The National Homeownership Award is bestowed upon a member of the real estate community who continuously demonstrates extraordinary contributions toward increasing homeownership and building better communities.

Following the awards ceremony, guests will enjoy a special guest appearance and keynote address by Frank Abagnale, the author and film subject of “Catch Me If You Can.” Abagnale is one of the world’s top fraud-prevention experts and will share his story about his early years as a check forger and serving time to paying all the money back and eventually using his knowledge to help the FBI catch fraudsters and helping business and government organizations stay a step ahead of cyber criminals.

For more information on attending, please contact Randi Vannucchi at randiv@rismedia.com.

RISMedia’s Power Broker Reception & Dinner is presented by RISMedia, publisher of Real Estate magazine, and Platinum Sponsors Buffini & Company; Homes.com; RE/MAX; and Quicken Loans; Master Sponsors American Home Shield; Berkshire Hathaway HomeServices; Better Homes and Gardens Real Estate; ERA Real Estate; HSA Home Warranty; and the National Association of REALTORS®; Host Sponsors Corelogic; Create for the Human; HouseCanary; Leading Real Estate Companies of the World; Pillar To Post Home Inspectors; realtor.com; Realtors Property Resource; Wells Fargo Home Mortgage; and Zillow Group; and Event Sponsors BackAgent; BombBomb; Cole Realty Resource; David Knox Productions, Inc.; HMS Home Warranty; MoxiWorks; New Penn Financial; the National Association of Hispanic Real Estate Professionals (NAHREP); ReferralExchange; Ten-X; and zipLogix.

Earlier on Nov. 3, RISMedia will host the 22nd Annual Power Broker Forum, “New Strategies for Engaging Consumers,” at the McCormick Place Convention Center during the REALTORS® Conference & Expo. The Forum, from 1:30 to 3:00 p.m. in the McCormick Place Convention Center West Building, Room W184 A, will discuss how to engage consumers through all of today’s many communication channels and take marketing efforts to the next level—online, and through automated social media, branding and shareable content—and how those strategies impact the bottom line. The Forum is open to all full and day conference attendees.

REALTORS® Conference & Expo Attendees: Be sure to visit Booth #3412 at the McCormick Place Convention Center to learn how RISMedia can be your trusted content partner and enter for a chance to win an Amazon Echo!
 
For more information, please visit 
RISMedia.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Honoring the Exceptional and Extraordinary: RISMedia’s Power Broker Reception & Dinner appeared first on RISMedia.

How the mortgage tax break widens the racial divide

USA Real Estate News-Inman - Wed, 2017-10-18 14:31
The mortgage interest deduction (MID) is one of the biggest drivers of racial housing inequality, a new report says. The report, published by the Institute on Assets and Social Policy at Brandeis University’s Heller School (IASP) and National Low Income Housing Coalition (NLIHC), comes on the heels of a recent report by Apartment List that found the federal government pays out more than twice as much to homeowners through MID than it spends on public housing programs ...

The Inman Files: Who is getting rich in real estate?

USA Real Estate News-Inman - Wed, 2017-10-18 14:26
I have contacted Forbes Magazine about their Top 400 Richest People list because they obviously made an editing error, a grave omission. No one (almost no one) is included from the real estate services or real estate portal space. How could that be with well over $100 billion in real estate transaction fees and $15 billion in advertising spending floating around ...

Housing Starts Tumble in September

USA Real Estate News-RISMedia - Wed, 2017-10-18 14:23

Home-building activity tumbled in September, with housing starts down 4.7 percent to a rate of 1,127,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts decreased 4.6 percent to 829,000. Starts for units in buildings with five units or more came in at 286,000.

Permits also decreased, 4.5 percent from August to 1,215,000, according to the data. Single-family permits were up, however, 2.4 percent to 819,000. Permits for units in buildings with five units or more came in at a 360,000.

Completions totaled 1,109,000 in September, rising 1.1 percent. Single-family completions increased 4.6 percent from August to 781,000. Completions for units in buildings with five units or more came in at 322,000.

“We are seeing the hurricanes take a toll on single-family production, but builder confidence is strong and production should bounce back as the recovery process gets underway,” said Granger MacDonald, chairman of the National Association of Home Builders (NAHB), in a statement.

“Looking at historical data, there is a pattern of decreased production immediately following natural disasters, but economic fundamentals will drive the longer-term trend in housing starts,” said Michael Neal, senior economist at the NAHB. “Nationwide single-family permits are up this month, and year-to-date single-family starts are 9.1 percent ahead of their level over the same period last year—two indicators that this sector continues to improve.”

“At first glance, September’s construction data showed a slip in total housing permits authorized and an increase in total housing units started, but digging deeper shows a more positive picture for potential homebuyers,” says Danielle Hale, chief economist for realtor.com®. The drop in permit data was driven by a decline in multi-family permits, while single-family permits—which more directly affect the inventory of homes for sale—were up from a year ago. Additionally, while single-family starts slipped back from the robust pace we saw in August, compared to a year ago, they are moving in the right direction. Only the South—where post-hurricane rebuilding is dampening construction activity—saw fewer single-family housing starts than a year ago, and all other regions saw double-digit increases. Additionally, all four regions saw an increase in single-family permits.

“New construction will eventually lead to more options for home shoppers, who continued to run up against the lack of homes on the market,” Hale says. “Homes for sale, according to realtor.com data, are down 9 percent from a year ago in September.”

Source: U.S. Census Bureau

For the latest real estate news and trends, bookmark RISMedia.com.

The post Housing Starts Tumble in September appeared first on RISMedia.

Zillow’s ‘Bridge Listing Input’: New name, old tool?

USA Real Estate News-Inman - Wed, 2017-10-18 12:56
Compose, a key component of Bridge Interactive, has been rebranded as Bridge Listing Input with no apparent significant changes to the tool ...

Mortgage Deduction at Risk of Irrelevancy with Tax Reform Plan

USA Real Estate News-RISMedia - Wed, 2017-10-18 12:34

The mortgage interest rate deduction has always been a selling point for those on the fence between continuing to rent or jumping into homeownership. While not the determining factor, the deduction is an influencing dynamic for buyers and an overall bonus of investing a large sum of their assets into a home.

Currently, the tax break allows homeowners to deduct up to $1 million in interest spent on their mortgage debt, for their primary residence and one additional dwelling. The break also applies to mortgage interest on home equity loans or lines of credit, with a debt threshold of $100,000. While the break is not currently set to be removed, the Republican tax reform plan could restrict the way this tax deduction is applied, rendering it irrelevant to 95 percent of the U.S. homeowner population.

The Trump Administration and Congressional leaders are endorsing a tax overhaul that would double the standard deduction and remove breaks for state and local taxes, including property taxes. This plan could dramatically increase the number of taxpayers who choose to take the standard deduction instead of continuing to itemize deductions and opt for the mortgage credit.

“The tax reform proposed by the Republican leadership will eliminate the incentive for people to buy homes, shrink the middle class and raise taxes on hundreds of thousands of California homeowners,” said California Association of REALTORS® President Geoff McIntosh following the White House announcement. “The doubling of the standard deduction, coupled with the elimination of state and local tax deductions, such as property taxes, will adversely impact California and its housing market. The average California homebuyer could end up paying $3,000 more a year in taxes under [the] proposal.”

According to an analysis by Zillow, about 30 percent of U.S. homes—those worth $305,000 or more—are currently valuable enough for the mortgage tax deduction to be worthwhile. This number would drop to just 5 percent with the proposed tax plan, skyrocketing the price of an eligible home (deduction-wise) to $801,000 or more.

Critics’ steadfast belief is that the mortgage interest rate deduction only helps the wealthy. The National Association of REALTORS® (NAR), however, says otherwise, reporting 7 million taxpayers took advantage of the deduction in 2015. If the deduction is weakened, critics’ assumptions will turn to reality and the real estate market could see a drop in buyer activity as the tax break incentive would no longer be beneficial for the majority of homeowners.

“No matter how the GOP messages this plan, it is nothing more than an upward redistribution of wealth,” says Alan Essig, executive director of the Institute on Taxation and Economic Policy. “The plan boosts the incomes of the wealthy with surgical precision, but gives a pittance to most working people. And it would tax some in the middle and upper-middle class more, essentially creating an even greater economic divide between the rich and everyone else.”

Zillow reports that itemized deductions and the mortgage interest rate tax currently benefits specific markets with expensive communities. On the current plan, 96 percent of homes in Los Angeles, Calif. are a financially viable choice for the deduction. Comparatively, in Pittsburgh, Penn. and St. Louis, Mo., only 10 percent and 13 percent of homes, respectively, benefit from the deduction. If the proposed plan is approved, those numbers would drop to 30 percent for Los Angeles, one percent for St. Louis and even less than one percent for Pittsburgh.

Income status is but one variable—the racial wealth gap rears its ugly head when it comes to the break. Doubling the standard deduction would only widen the gap according to The National Low Income Housing Coalition (NLIHC). A report by NLIHC and the Institute on Assets and Social Policy (IASP) at Brandeis University’s Heller School states that African Americans and Hispanics currently only receive 6 and 7 percent of the benefits from this tax break, even though they make up 13 percent of the nation’s households. White households, however, receive almost 80 percent of the tax break’s benefits. The proposed tax reform could slant benefits towards the white and wealthy populations, worsening an already wide rift.

The National Association of Home Builders (NAHB), however, is shifting its stance on the issue. At press time for the initial announcement from the White House, the NAHB released a statement on the possible repercussions of a higher standard deduction. As of Oct. 3, the NAHB is welcoming specific terms of the proposed overhaul.

“This is the first time in NAHB’s 75-year history that we have been open to the idea of broader options regarding housing tax incentives,” says Granger MacDonald, NAHB chairman and a builder and developer from Kerrville, Texas. “Now is the time to reform tax policy, and housing will not be left behind in this process.”

The debate is creating a divide of opinions regarding tax policy—an issue that the NAHB and NAR typically stand on the same side of. The NAHB will promote a tax policy that includes a homeownership tax incentive, low-income housing credit, remodeling incentive with a focus on energy efficiency, deduction on interest for small businesses and capital gains exclusion for those who sell their principal residence.

The proposal continues to be examined by economists and the real estate industry. On Monday Oct. 16, the White House released its first economic analysis of the Republican tax plan on a CNBC interview. Chief economist Kevin Hassett states that the GOP goal of decreasing the corporate tax rate from 35 to 20 percent will result in a windfall for workers. According to Hassett, the average U.S. household income could jump at least $4,000 a year but could rise as much as $9,000 annually.

Stay tuned to RISMedia for continuing developments.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Mortgage Deduction at Risk of Irrelevancy with Tax Reform Plan appeared first on RISMedia.

Wildfires take toll on precious California housing

USA Real Estate News-Inman - Wed, 2017-10-18 12:33
Housing in beautiful wine country was already scarce before flames ravaged 245,000 acres across Northern California and burned down 5,700 structures in their path. Real estate agents in the region are already witnessing the effects of heightened demand.  ...

Fight, flee or adapt: Rebuilding after Hurricane Harvey

USA Real Estate News-Inman - Wed, 2017-10-18 11:07
In the wake of Hurricane Harvey, mounds of sodden building materials lined the streets of Houston and other flooded areas. As residents began the long process of rebuilding, the storm’s unprecedented flooding rekindled a long-running debate in the Houston area over the best way to move forward: rebuild, leave or adapt ...
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