Blockchain technology threatens the middleman in real estate transactions

Blockchain technology threatens the middleman in real estate transactions

Blockchain is essentially an online ledger that manages recorded transactions. What makes it innovative is that the ledger is distributed, meaning anyone connected to the network has a copy of it. The implications of this in commercial real estate are numerous, from purchasing to leasing to management
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Buffalo Niagara sets home sales records for highest prices, lowest inventory

The final results are in, and the Buffalo Niagara housing market set what appear to be new records for highest prices and lowest inventory of homes on the block last year, as the frothy sales activity continued all year long. According to new data from the Buffalo Niagara Association of Realtors, the
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Ethiopia Pledges to Release 528 People in First Round of Pardons

Ethiopia said it's preparing to release 528 detainees including the chairman of an opposition party, state-affiliated media reported, in what would be the first round of pardons announced by the government this month. The detainees, 115 of whom are being held by federal authorities, will be released
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Real Estate Transactions: Dec. 11 – Dec. 15, 2017

Galen G. McWilliams, Luke Hess McWilliams, Thomas Henry McWilliams and Phyllis Ann Schmidt to William A. Gray and Ann B. Gray, Property located in Ferguson Township, $31,000. Mark Lynch to Mark Lynch and Lisa M. Cirincione, 1249 E. Park Hills Ave., $1. Harlan E. Hoffa Estate and Massmutual
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Airbnb Highlights Haitian and African Rentals

… individuals impacted by the travel ban aimed at seven Muslim-majority countries. However, the company has its own history of racial difficulties, including a 2016 controversy regarding African Americans and a 2017 news story regarding an Asian American denied housing access through the service
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NBK report: Local credit down KD 140 mln in Nov.

Household lending was the only sector to see noticeable gains in November. While personal facilities excluding securities lending rose a net KD 76 million during the month, this figure was slightly more modest than gains in recent months. Growth remained steady at 7.4 percent y/y, the NBK report
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Re: Frankfurt's Housing Market

Since the result of the UK EU referendum many banks are looking to relocate staff from London to Frankfurt. But with the city growing at a rate of 15000 people per year, the housing crisis in the German financial hub is getting worse.
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Lane County real estate breaks average and median sales records

Last year's average sales price bested the previous record of $265,300, set in 2007, the year before the real estate bubble burst and the related financing crisis led to the Great Recession. Last year's median sales price of $260,000 exceeded the former record of $237,000 set in 2016, according to RMLS
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Why You Need To Look At This Factor Before Buying PennyMac Mortgage Investment Trust (NYSE …

If you are a shareholder in PennyMac Mortgage Investment Trust's (NYSE:PMT), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of your portfolio is important. Generally, an investor should consider two types of risk that impact the market value of
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Inland Real Estate Acquisitions, LLC Closes the Purchase of a 408-Unit Multifamily Property in …

OAK BROOK, Ill.–(BUSINESS WIRE)–Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of Après Apartments, a 408-unit multifamily property located in Aurora, Colorado, an eastern suburb of Denver. Mark Cosenza, senior vice president of Inland Real
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Fiat Chrysler's Marchionne: The Future of Cars Will Be Electric and Commoditized

The following excerpt from the interview about the future of the industry has been condensed and edited. Bloomberg News: How do you see the auto industry in 10 years from now? Sergio Marchionne: I think the likelihood that combustion will continue to represent the large portion of the power unit world
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The London Borough Where Home Prices Have Crashed by 21%

London property is having a tough time, but one borough is suffering more than most. Home prices in Southwark — an area to the south of the Thames that includes London Bridge station, Shakespeare's reconstructed Globe Theatre and trendy Peckham — fell more than 20 percent in the year through
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Nafta Trio to Gather in Davos as Negotiations Resume in Canada

The three ministers leading negotiations to revamp Nafta will get two chances for face-to-face talks this month, including one near the slopes of Davos. U.S. Trade Representative Robert Lighthizer, Mexican Economy Minister Ildefonso Guajardo and Canadian Foreign Minister Chrystia Freeland are due
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Jeff Sessions just made it even harder for California's legal marijuana businesses to find a place to …

Jeff Sessions' decided to rescind relatively lax guidelines for federal regulation of state marijuana laws. That has left California and the cannabis industry scrambling for ways to handle all the cash flowing from legal recreational pot use. Since Sessions' move, banks and credit unions have even less
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Siim Kallas: Estonia needs real estate tax debate

Kallas said that at one point real estate tax was one of the arguments when developing tax policy, where it was seen as one of the components of the income base of local governments. “Nevertheless, it was decided to abandon it for political reasons then. Today, the revival of the real estate tax debate is
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Netanyahu Backs Trump on Iran Ultimatum to European Leaders

Israeli Prime Minister Benjamin Netanyahu said world leaders are running out of time to fix the nuclear deal with Iran, backing U.S. President Donald Trump on his ultimatum to European leaders. “I think it's the last chance for the Western world to fix the deal,” Netanyahu told Israeli journalists during a
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Interest-only loans plummet as banks clamp down on risk

Moody's vice-president Alena Chen said Australia-wide housing affordability — as measured by the average share of income needed to make monthly mortgage loan repayments — had deteriorated over the last year. Borrowers were now spending 28.7 per cent of their pay packets on mortgages,
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Russia bids for blockchain success with latest banking launch

The project is not Alfa Bank's first blockchain-based venture, following its work with fellow Russian bank Sberbank on the country's first blockchain payment and a collaboration with a local airline for blockchain-based ticket sales. Russia has adopted a conservative stance on cryptocurrencies with
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Saudi Arabia Seen Awarding Nuclear-Reactor Contracts in December

Saudi Arabia, the world's biggest oil exporter, plans to award contracts in December for the construction of its first nuclear-power plants, according to a government official involved with the project. The kingdom has received requests from five bidders from China, France, the U.S., South Korea and Russia
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