real estate newspaper

Loyd Robbins opens new real estate firm in Sarasota after leaving family firm to sons

24/07/202321/04/2025dansa

Loyd M. Robbins, president and principal broker of Loyd Robbins & Co., became as a sales associate in 1973 and gained his broker's license in 1975. — Loyd M. Robbins, president and principal broker of Loyd Robbins & Co., became as a sales associate in 1973 and gained his broker’s license in 1975.

Despite stepping away from the company he helped build for 50 years, Loyd Robbins has already launched a new real estate firm just a short walk from his old office on Tuttle Avenue.

Loyd Robbins & Co. was founded by Robbins, his wife Freya Robbins and their daughter Ali Marks, according to the news release.

The office at 3580 Tuttle Ave. has a team of 17 agents with a combined 399 years of real estate experience.

Robbins sold his shares in Harry E. Robbins & Associates in mid-June, a firm he helped build with his mother and father beginning in 1973, to his four sons.

However, the transition out of the company was not because Robbins, 68, plans to retire. He said he and his 91-year-old mother sold their shares so that the third generation could take over the family business.

“This may be a new venture, but it is firmly rooted in our longstanding heritage,” Robbins said in a news release. “It’s an opportunity to pay homage to my parents’ legacy while forging

True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF) Shares Up 2.7%

12/04/2023dansa

True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF – Get Rating) shares shot up 2.7% during mid-day trading on Tuesday . The company traded as high as $2.49 and last traded at $2.49. 300 shares changed hands during trading, a decline of 96% from the average session volume of 8,215 shares. The stock previously closed at $2.42.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TUERF. National Bank Financial lowered their price objective on True North Commercial Real Estate Investment Trust to C$4.50 in a research report on Thursday, March 16th. Raymond James dropped their target price on True North Commercial Real Estate Investment Trust from C$5.50 to C$4.00 in a report on Thursday, March 16th.

True North Commercial Real Estate Investment Trust Trading Up 2.7 %

The stock has a fifty day moving average of $3.72 and a 200 day moving average of $4.16.

True North Commercial Real Estate Investment Trust Company Profile

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True North Commercial REIT is an open-ended real estate investment trust, which engages in the acquisition of commercial office properties. It seeks to identify potential acquisitions using investment criteria that focus on the security

4 reasons you should look at a hard money loan for your real estate purchase, refi, or cash-out

31/03/2023dansa

Sponsored – The following content is created on behalf of Hard Money Lenders Arizona and does not reflect the opinions of Gray Media or its editorial staff. To learn more about Hard Money Lenders Arizona, visit HardMoneyLendersArizona.com.

PHOENIX (Arizona Hard Money Lenders) – Whether you’re looking for a home to stay in for the long term, fixing up and flipping houses, or creating VBROs, Airbnbs, or rentals, there are two ways to buy real estate – with cash and with financing. If you’re in a position to pay cash, you don’t need to worry about jumping through the flaming hoops between you and a mortgage. In fact, it might be time to consider becoming a private investor in others’ purchases. But that’s a story for another time. Today, we’re focusing on people who need financing to buy or refinance residential or commercial property.

Aerial view of a residential neighborhood

Most people believe a mortgage is the best – possibly the only – way to get the money you need to become a property owner. Securing a traditional mortgage can be tricky. It requires a massive amount of paperwork and it’s not a speedy process. It can take weeks or even months for the money to

Canadian Real Estate Affordability Got Worse With Higher Rates, What Gives?

20/03/2023dansa

Canadian real estate prices are falling with higher mortgage rates, but has it made it easier to buy? Bank of Canada (BoC) data for December’s new uninsured mortgage loans shows the highest rates in well over a decade. Interest costs are rising faster than prices are falling, meaning worse affordability. The hiccup is due to the speed at which rates increase, and affordability is expected to improve in the coming months.

Canadian Mortgage Rates Have Surged To The Highest Level In Over A Decade

Mortgage rates are on the climb, which isn’t news to anyone in Canada. It’s the speed they climb that’s remarkable. The average interest on a new mortgage jumped 0.24 points to 5.53% in December. It was 3.53 points higher than a year before, more than doubling the record low recently experienced. Canada hasn’t seen a mortgage rate this high since the Great Recession.

Canadian Mortgage Rates Have Been Surging Higher

The average rate paid on new residential mortgages in Canada.

Source: Statistics Canada; Better Dwelling.

Prices have yet to reflect the full increase in mortgage rates, despite coming down from the peak. Home prices peaked in March 2022, the same month the BoC began raising rates.

What Does the Latest UK House Price Index Mean for Investors?

05/03/2023dansa

According to the latest UK House Price Index, property values saw a subtle yet significant rise over the course of 2022, ending on a December average of £294,329 – an increase of over £21,000 from the opening January price.

Having closed the year with an average property value of over £26,000 more than the previous December, 2022 signified another healthy growth period for the UK market.

The summer months brought them the most movement with a decrease in the average property price of 5.3% between May and June, before a significant 7.4% rise between June and July.

Regionally, the South East saw the biggest increase in property value (£29,185) between January and December 2022, with London not far behind with a rise of £25,760 between the start and end of the year.

Notably, however, property prices in these regions are well above the UK average, with London property currently valued at least £250,000 more than the rest of the country.

Of more interest to investors should perhaps be the more affordable Midland and Northern regions. The East Midlands, for example, saw a rise in property prices of £24,292 between the start and end of the year, with property values peaking

Real News Briefs for 02.25.23 | Special-advertising

26/02/2023dansa

Eleven William Means Real Estate Agents Receive Prestigious Awards

William Means Real Estate announced that 11 of its agents have received recognition from the Charleston Trident Association of REALTORS® for outstanding sales production for the year 2022. The REALTORS® of Distinction award recognizes the top 10 percent of producing Charleston REALTORS® who met stringent requirements including sales production, education requirements and adhering to the REALTOR® Code of Ethics.

Downtown William Means Office — The Downtown William Means office is located at 25 Broad Street.

William Means Real Estate/Provided.

“William Means agents have incredible knowledge and understanding that you won’t find at any other brokerage in Charleston,” said Lyles Geer, President and Broker-in-Charge for William Means Real Estate. “For 90 years, our firm has offered the highest level of service and expertise to generations of Lowcountry residents and will continue to do so for years to come.”

Two William Means Real Estate Agents qualified for the Platinum category, which represents the top two percent of REALTORS® in the Charleston area. This category requires agents to have sold more than $26,600,000 in volume and/or more than 50.5 sides. Lyles Geer and Kalyn Smythe received this honor, each achieving $50M and $43M in sales, respectively.

The Gold category

RioCan Real Estate Investment Trust (TSE:REI.UN) PT Raised to C$26.00

20/02/2023dansa

RioCan Real Estate Investment Trust (TSE:REI.UN – Get Rating) had its target price lifted by stock analysts at TD Securities from C$25.00 to C$26.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ price objective would suggest a potential upside of 16.54% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Scotiabank lowered their price target on RioCan Real Estate Investment Trust from C$26.25 to C$26.00 in a report on Friday. CIBC increased their price objective on RioCan Real Estate Investment Trust from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a report on Friday. BMO Capital Markets decreased their price objective on RioCan Real Estate Investment Trust from C$24.75 to C$22.75 in a report on Monday, November 7th. Finally, National Bank shares increased their price objective on RioCan Real Estate Investment Trust from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a report on Monday, January 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to

New Statistics Show High Rental Demand for 2023

11/02/2023dansa

The number of people currently inquiring about homes to rent has increased by roughly 23% since last year, while a recent Zoopla report highlights that rental inquiries per estate agency branch are 46% above the 5-year average.

On the other hand, the current stock of homes for rent is 38% below the average of the past five years and 4% below what it was in November 2021, highlighting the supply gap that the UK currently faces.

In many cases, this has resulted in lets being agreed upon before viewings have even taken place and instances in which potential tenants are forced to outbid each other in order to secure a place to live. Inevitably, these trends have caused a sustained increase in rental growth across the UK which peaked at 12.3% in July of last year.

The continued demand and supply imbalance, as well as an increase in rental value growth, is fueled partly by a reluctance of first-time buyers to enter the market, which stems from a number of factors including the ongoing cost of living crisis and fluctuating mortgage rates.

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