Tag Archives: Westchester Luxury Homes

Colorado agent launches marijuana-friendly marketing campaign | Mt Kisco Real Estate

On Jan. 1, Bob Costello, an agent with the Brokers Guild brokerage in Denver, launched his “420 Friendly Realty Broker” campaign to capitalize on Colorado’s new 2014 law that allows adults over the age of 21 to purchase recreational marijuana legally in the state.

“I’ve had about 30 calls about this, and for a real estate broker, it’s great — you want a lot of leads,” Costello told the Huffington Post.

Costello offers prospective clients who might want to grow pot insight into what type of homes they should be looking for.

“First of all, you want to be in a marijuana-friendly city like Denver, Edgewater, Wheat Ridge or Pueblo,” Costello told the Post. “You probably also want to get a house that’s not too close to a school, maybe not too close to something controversial.”

Source: Huffington Post

– See more at: http://www.inman.com/wire/colorado-agents-2014-marijuana-friendly-marketing-campaign-seeing-early-returns/?utm_source=20140110&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.CVrTCTBy.dpuf

US pending home sales up slightly after six-month slump | Chappaqua Real Estate

U.S. pending home sales in November ticked upward for the first time in half a year, according to National Association of Realtors data released today.

Contracts to buy previously owned homes, also known as the Pending Home Sales Index, saw a 0.2 percent month-over-month boost to 101.7. Despite this good news, the year-over-year change was a 1.6 percent decline. Economist projects that signed contracts would go up 1 percent from October, which wasn’t far off.

“Several housing indicators have improved recently and the very modest increase in pending home sales in November is a tentative sign that activity is stabilizing, or perhaps even picking up,” JPMorgan Chase economist Daniel Silver told Reuters.

All-cash buyers accounted for 42 percent of the nearly 500,000 U.S. home purchases last month, according to RealtyTrac, as reported last week. That figure is the highest seen since RealtyTrac began tracking all-cash purchases in 2011

http://therealdeal.com/blog/2013/12/30/us-pending-home-sales-up-slightly-after-six-month-slump/