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ERA REAL ESTATE ENTERS SOUTH AMERICA WITH MASTER FRANCHISE AGREEMENT IN PARAGUAY » RealtyBizNews: Real Estate News

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ERA® Real Estate, a leading global franchise company within the Realogy family of brands, today announced the signing of a master franchise agreement for Paraguay with Rutland SA. This marks ERA Real Estate’s first expansion into South America.

Rutland SA is managed by owner Ernesto Orosman Gomez and CEO Francisco Manuel Gomez Mansilla. It will serve as the brokerage business of Fortaleza, a leading development company nearly 30 years old. Fortaleza has approximately 200 employees and has recently developed notable properties such as Boggiani, Molas Lopez and Carmelitas and created more than 750 residential units. It has a current pipeline of more than 8,500 homes in the coming years.

The Paraguayan real estate market continues to boom. Both sales prices and the number of apartment building projects are developing positively, especially in the capital Asunción. The number of homeowners in the region is 86,400, doubling the number of tenants. The country with almost seven million inhabitants has a home ownership rate of 76.3%.

Details:

  • ERA Paraguay will start with a flagship office in Asunción. In addition, ERA Paraguay intends to expand its franchise system across the country.
  • ERA Real Estate is represented in 31 countries and territories in Africa, Asia, Europe and North America. It began international franchising in 1981, with Japan becoming one of the first real estate companies to expand outside of the United States

Quotes:

“As the world’s leading real estate company with over 36,000 affiliated agents worldwide, we are delighted to have found great partners to launch the ERA brand in Paraguay as our first master franchise in South America. Francisco and Ernesto have a tremendous understanding of the Asunción market and the opportunities for growth in the region and across the country. Their partnership with Fortaleza enables them to represent properties that meet the needs of potential buyers. Francisco and Ernesto realized that franchising with ERA for expanding into the Paraguayan market offers unique advantages to build a successful business. We are pleased to welcome ERA Paraguay to our global network of Team ERA real estate experts. “

Sherry Chris, President and CEO of ERA Real Estate

“The real estate industry is very dynamic. To be successful, you need to be on the front lines. Paraguay has enormous potential and with the support of the ERA brand we can quickly benefit from the dynamism we are seeing in the region today. We were also immediately drawn to the innovative technology and supporting tools that ERA® Real Estate had to offer. We knew it was exactly what our company needed. We know where the industry is headed and we look forward to going there with ERA Real Estate. “

Francisco Manuel Gomez Mansilla, CEO of Rutland, SA

About ERA Real Estate
At ERA® Real Estate we don’t adapt to change, we create it. We believe that our core business values ​​of collaboration, innovation, diversity and growth are needed more than ever. As a global leader in the residential real estate industry for more than 40 years, the ERA brand was the first real estate franchise to expand internationally, the first to post listings online, and the only national company to offer the Sellers Security® Plan program.

The ERA real estate network includes more than 36,000 affiliated brokers and independent salespeople, as well as approximately 2,200 offices in the United States and 31 other countries and territories. ERA Franchise Systems LLC (www.ERA.com), which operates the ERA Real Estate System, is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global provider of real estate services. Information on ERA real estate can be found at TeamERA.com

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NABOR® Economic Summit experts discuss migration and regulatory patterns

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NAPLES, FL – More than 300 REALTORS®, real estate professionals and local executives interested in Collier County’s economic health and its impact on the local real estate market attended in person or virtually on the Naples Area Board of REALTORS®. part (NABOR®) ninth annual economic summit, “A View from the Top”, on Tuesday, September 7th, 2021, at the Hilton Naples. Three top economists gave a qualitative insight into the factors influencing the economy and shared their analysis of the factors influencing growth and property sales in the near future.

The data-rich hybrid event began with a welcome message from NABOR® President Corey McCloskey, followed by remarks from event sponsor BJ Cottrell, who is the managing partner of the FIRPTA Group. Longtime summit moderator Jeff Lytle set the tone of the day by assuring attendees that they would get answers to questions about the impact the pandemic is having on the economy and whether it will continue to affect the housing market.

First, Dr. Brad O’Connor, Florida Realtors® chief economist and director of industrial data and analysis, takes the stage. After Dr. O’Connor had given a comparative overview of Florida and the local housing industry, Dr. O’Connor said data showed that the Florida luxury real estate market has improved more than any other price segment over the past year. He then referred to data from the United States Postal Service (USPS) which showed that New York had the highest number of residents who moved their permanent address to Florida in 2020. The USPS data also showed that new residents came mainly from urban cities and boroughs like Manhattan, Chicago, and Boston.

The presentation by Dr. O’Connor included a historical perspective of the price data. “Prices in Florida haven’t gone down in 10 years. But while the median closing price for single-family houses has apparently stabilized in recent months, the prices for condominiums have continued to rise. “

Dr. O’Connor added, “If all of the Florida homes were on the market right now, we would have an eight month inventory.” He quickly assured the audience that the current situation of house bank defaults does not have the same qualities as it did 10 years ago due to the stricter lending rules.

Dr. Lawrence Yun, Chief Economist for the National Association of REALTORS®, announced in a virtual presentation that the “work from home” trend will outlast the pandemic and predicted that it will continue to have a major impact on where people buy a home for years to come.

With a housing shortage in America, Dr. Yun points out that rents rose 8 percent over the past year. He also predicts that rents will continue to rise as house prices are also likely to continue to rise due to our inability to meet demand. In fact, he said, “A year ago home prices were 20 percent lower, so some buyers are being priced today.” Dr. Yun also revealed that for these prospective buyers, rental payment history is used as a factor in qualifying for a mortgage.

Dr. Yun predicts that property prices will continue to rise 5 to 10 percent in Florida and potentially up to 20 percent in the Naples area.

Most recently at the summit was Dr. Elliot Eisenberg, a political economist and celebrated public speaker who was a former senior economist with the National Association of Home Builders. Dr. Eisenberg, whose style of presentation brings humor into an often banal topic, made it unmistakably clear that “the above trend growth will continue until next year”. It showed several graphs that identified consumer behavior activity during the pandemic, including the increase in retail sales when all were in quarantine and how the service sector is expected to overtake retail consumption as the preferred way to spend money now as the Consumers are less reluctant to go to their homes.

Dr. Eisenberg said, “Under normal conditions, when you exit a recession, supply and demand will collapse. But not now. ”That’s because demand has skyrocketed as people are hungry to return to pre-pandemic consumer behavior, but the influential impact of the pandemic has resulted in all production being halted – both for the retail as well as for the service sector – and production cannot keep up.

Dr. Eisenberg said the stock market has averaged 10 percent annual return for the past 10 years, but predicts the average return could decrease to about 5 percent annually over the next 10 years. Importantly for REALTORS®, he said: “Household balances are spectacular. We want to spend and consume and do, it’s just that we can’t get people to do something [goods] and service [our needs]. However, if the [pandemic] the recession began, we were forced to stay home, and forced savings were created. As a result, these forced savings saved many people $ 25,000, which is why we saw an increase in first-time home buyers in 2021. “

In conclusion, Dr. Eisenberg, he doesn’t expect the Federal Reserve to hike rates before the end of 2022 – the Fed may be forced to hike rates before it wants to. “

The Economic Summit is a joint effort by the NABOR® Board of Directors, the Media Relations Committee and the Economic Summit Task Force, led by Rick Fioretti, Chair of the Economic Summit Committee.

NABOR® thanks its event sponsor The FIRPTA Group, technology sponsor Supra, program sponsor Stuart Kaye Homes, media sponsor SWFL Home Inspections, reception sponsor DR Horton and table sponsors: Gulfshore Insurance, Law Offices of Sam Saad III, Honc Industries, Old Republic Exchange, The National Association of Hispanic Real Estate Professionals (NAHREP), Women’s Council of REALTORS®, and Keep Collier Beautiful.

NABOR® is located at 1455 Pine Ridge Road in Naples. For more information on the Economic Summit, please contact Marcia Albert at (239) 597-1666.

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What We Learned About Kylie Jenner’s Mansion From a Vogue Video

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Kylie Jenner– the reality TV star, beauty mogul and member of the Kardashian Jenner clan – recently invited Vogue magazine to their huge Los Angeles mansion to film an episode of their popular series “73 Questions”.

With a runtime of just over seven minutes, the video has received over 1.8 million views to date. It offers a couple of scoops for fans, including Jenner, who talks about her cravings for pregnancy, her thoughts about the funniest member of the family, and a discussion about the most boring item in her wardrobe (it’s the pajamas).

We were just happy to peek inside the chic, contemporary home that Jenner bought for $ 36.5 million last April and that she shares with her adorable daughter. Stormi. Her mother, Kris JennerShe also has a cameo in the video.

Kylie Jenner’s LA premises

(Makler.com)

As we reported, when Kylie bought the luxury apartment, the brand new build first hit the market in 2019 for $ 55 million.

With no buyers, the villa’s price fell to $ 49.5 million in February 2020. Two months later, Jenner landed a discounted deal.

The price tag for a 24 year old is astonishingly high, but she can also afford it. While she’s not technically a billionaire, she’s very close, according to Forbes magazine, which puts her net worth at $ 700 million.

A breathtaking connection

Located in the Holmby Hills area, the “extremely private, one-story modern property” provides an elegant oasis. Shielded by 12-foot stone gates that retreat into massive walls surrounding the property, Jenner can relax in her resort-like space.

On an area of ​​19,250 square meters, the layout comprises a total of seven bedrooms and 14 bathrooms. Security is built into the design, with its own guard house with its own bathroom and kitchen. Other luxurious highlights include a kitchen, two guest apartments and two additional guest suites with private terraces and entrances. A huge outdoor area has a projection screen and a home theater, a gym and a sports field for pickleball or basketball.

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Watch: Leonardo DiCaprio sells LA Tudor, which he bought from Moby

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At Casa Kylie

After Jenner opens the dark gray door and answered questions about breakfast, the camera follows her into the wide open, spacious living room.

The room is littered with comfortable sofas, a sitting area and a large potted plant. It opens to a central courtyard and connects the interior with the exterior.

“I love the energy of this house,” says Kylie.

She adds that at the moment she prefers “a night in” rather than a night out, and with this room it’s hardly a sacrifice.

After answering a few more family-oriented questions, she goes into the bar area of ​​the house, which is laid out with herringbone floor. Right next to it is the fireplace, surrounded by gray stone and flanked by sofas, ideal for cozy evenings.

Living room that opens onto the courtyard

(Makler.com)

Open kitchen

(Makler.com)

Formal dining room

(Makler.com)

Bar and entertainment area

(Makler.com)

Compared to the two-year-old listing photos, more green now adorns the living spaces.

Jenner then walks into the Instagram-enabled courtyard, which is outfitted with lawn, seating, and a pool. Stormi uses the swing.

swimming pool

(Makler.com)

Kylie then glides past the pool and we take a look at the outdoor dining area. When it comes to food, she reveals that her favorite food is sushi and that she nibbles on sweets.

Sports field and open-air cinema

(Makler.com)

Kylie then walks back into the open kitchen and family room, admitting she craves frozen yogurt and In-N-Out burgers, then ends the video.

A few adjustments to the formula

While the beauty mogul has swapped furniture for softer choices, she’s stuck with the neutral creamy palette, including what appears to be the same paint color on the walls.

The lighting seems to have been adjusted. Jenner decided to swap out some of the pendant lights and keep the sleek recessed lighting. Their modifications create a homely, but no-frills atmosphere.

It’s stuck to the floor-to-ceiling curtains, but we doubt it’s much needed. This airy connection works best as a huge space that connects indoor and outdoor spaces.

Despite being the youngest sibling in the Kenner-Kardashian family, Kylie stands out with her properties. She has carried out several real estate transactions over the past six years. In fact, she recently found a homesite at the Madison Club in La Quinta, CA, and allegedly bought a seat with the rapper for $ 13.5 million in Beverly Hills Travis Scott.

Jenner also recently launched a baby product line and swim line that she advertises to her huge following through her social media accounts. She currently has a staggering 270 million followers on Instagram.

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Record construction not enough to meet Canadian real estate demand: RBC

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The construction of single-family houses takes less time than the construction of condominiums (REUTERS)

The number of homes under construction in Canada is at an all-time high, but it is still not enough to meet the seemingly endless demand for real estate in the country.

Low mortgage rates, increased savings, and changing needs as more people work from home drove buyers headlong into the housing market during the pandemic. Permit approvers and builders got to work and construction accelerated at a breakneck pace to keep up.

“Their response was dramatic. In the past 12 months, home builders across the country have laid the foundations (which define a start of construction) for the highest number of housing units (260,500) than ever since 1977,” said RBC economist Robert Hogue in a report .

“This is an increase of 26% or 53,600 units over the 2015-2019 average (206,900 units).”

Hogue says there are nearly 320,000 residential units under construction, the highest ever and up 12 percent since the end of 2019. About three-quarters of these are apartments, mostly condominiums, but also rental apartments that are taking longer to build. A huge surge in single family home prices and sales during the pandemic suggests that home builders may not be building the right type of homes.

“While it is unclear how permanent these changes will be, the possibility exists that the size, configuration, and location of the units of recently launched high-rise projects will fall out of favor,” said Hogue.

“Apartments (both condominiums and purpose leases) not only accounted for the majority (55%) of housing starts in the past 12 months, but also showed the largest increase (39%) from the 2015-2019 average.”

Not enough apartments

Another part of the problem is that it can take a long time to complete. Hogue says it can take anywhere from six months to several years to complete, depending on the type of property. Since apartments make up a larger proportion, the average construction length has more than doubled in the last two decades. Supply chain problems during the pandemic were also addressed in a timely manner.

The story goes on

Construction is also not keeping pace with population growth. Hogue says the 215,000 new units in the past 12 months lag behind the average annual increase of 220,000 Canadian households in the four years leading up to the pandemic.

The pandemic shift towards living in small towns meant that these areas saw the greatest increases in construction activity, followed by medium-sized areas and large cities. But the construction has changed depending on the city.

See also: The latest real estate news on property prices, mortgage rates, markets, luxury homes and more at Yahoo Finance Canada.

“Housing starts in the Toronto area have barely increased over the past 12 months from the 2015-2019 average, increasing only 1.4%, or 500 units,” said Hogue.

“The ramp-up in the new building was somewhat stronger in Edmonton (plus 4.1%), Calgary (plus 7.2%) and Vancouver (plus 10.3%), but still well below the national average (26%).”

Hogue says that homes that can be built more quickly, such as low and medium-sized buildings, as well as medium-density living space in urban centers that are scarce, should be a priority.

“This should be done in conjunction with a strong focus on streamlining regulatory and project approval processes and addressing skills shortages and other constraints that limit production capacity.”

Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.

Download the Yahoo Finance app, available for Apple and Android.

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