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Inside Real Estate (Nov 12th, 2019)

1. The National Association of Realtors is monitoring off-market listings being teased by buyers' agents who are avoiding adding properties to the public multiple listing service. This allows Realtors to privately court prospective buyers without alerting the public of a price drop or how long a home is sitting on the market — “stale” listings are typically unappealing and frequently associated with list-price reductions. On Monday, the NAR voted to ban pocket listings for the best interest of the public: “This way, every seller will get maximum exposure of their property and every buyer will be able to find all the properties for sale in their area," MLS chair of the NAR committee, Greg Zadel, said. - WASHINGTON POST

2. Some inner-city high school students are learning the basics of real estate development through Project Destined, a nonprofit program that’s already drawn major real estate partners, including Walker and Dunlop and Cortland Properties. Participants learn how to scout investment deals, appraise, calculate capitalization rates and other real estate fundamentals via online platforms before pitching their investment and development ideas in a “Shark Tank”-like setting. They are also allowed to benefit financially from the profits earned through their deals. These students will also be eligible to apply for a $5,000 college scholarship. - CNBC

3. A group of prominent female real estate figures is assembling an all-women team to lead a condominium project in Toronto called Reina — which means "queen" in Spanish. Women are severely underrepresented in the commercial real estate field, according to a 2011 report. Just 4 percent of women occupy senior investment roles, and that’s only “marginally” improved. MaryAnne Gilmartin explains that projects helmed by women sometimes have a tough time securing capital in a room of male investors. She also explains she wants to send the right message to younger generations of women who are currently only exposed to an industry dominated by men: "There are just not enough examples for these women,” Gilmartin said. - NEW YORK TIMES

4. Longtime TV host Regis Philbin is listing his Greenwich, Connecticut, home for $4.595 million, a 36-percent loss of what he paid roughly 10 years ago. Built in 1997, the 13,661-square-foot property sits on more than two-and-a-half acres and features a resort-style setting 40 minutes from New York City. Philbin and his wife Joy are reportedly moving to the west coast to be closer to family. - GREENWICH TIME

5. Real estate brokerage Redfin’s foray into iBuying is proving successful so far since its stock skyrocketed by 70 percent. Redfin and other similar iBuyers could change the way Realtors operate. “We're investing … in technologies that let people tour and buy homes without an agent,” Redfin CEO Glenn Kelman explains. In addition to expanding “instant offers” for homeowners, Redfin is also now showing buyers what commission agents are receiving. - MOTLEY FOOL

6. Developers have overbuilt senior housing and are now adjusting as they await the wave of baby boomers preparing for senior-living facilities, according to Globe Street. A report from Kroll Bond Rating Agency explains that the nature of this housing sector is fickle because demand fluctuates frequently, so narrowing down demand for senior living is difficult. And while there’s currently an oversupply of homes for this demographic, securitized loans are still performing strongly, which means there could be a wave of delinquencies in the near future. - GLOBE STREET

7. Ongoing Brexit negotiations are driving up housing prices in France. While the UK considers breaking away form the rest of Europe, wealthy families are increasingly moving out of London. Pilar Guttierrez, who relocated to Paris, said: "Since the 24th of June 2016, we knew that we would have to move.” Brexit isn’t the only reason for the influx of new French residents: President Emmanuel Macron’s low-interest rates and business-friendly policies have lured more people to France’s capital city. In the last two decades, the price of land in Paris has soared by 248 percent, according to outlet Le Parisien. - NPR

8. A  joint hotel-condominium project in Dallas secured luxury brand — and Hong Kong-based hotelier — Mandarin Oriental to manage the upcoming 25-story building. Dallas’ MJM Development is erecting the 176-room tower that will combine hotel units with condos. Mandarin Oriental is an upscale brand that operates 32 hotels. Timothy L. Barton, CEO of JMJ Development, said: “We’re proud Mandarin Oriental is now part of our luxury portfolio.” - DALLAS MORNING NEWS

9. Market snapshot: Tampa Bay, Florida, apartment community ICON Harbour Island sold for a record $131.5 million. This is the biggest sale for an apartment community in that area. The previous title holder was Camden Pier District, a $126.3 million sale in downtown St. Petersburg that sold early last year. The ICON Harbour Island tower — which was bought by a Texas-based company —  is adjacent to Water Street development, a $3 billion project. - TAMPA BAY TIMES

10. Dallas Cowboys player Tyron Smith is hoping to unload his 6,987-square-foot Frisco, Texas, mansion for $2.6 million. The rustic-contemporary abode features a barbershop, billiard, wine cellar and media room. Smth is considered one of the best offensive tackles in the NFL. It's unclear why he's moving from his Frisco home or where he's heading next. Sam Allgood with Briggs Freeman Sotheby's International.- REALTOR

Written and curated by Darla Guillen Gilthorpe. Darla writes for the Houston Chronicle, where she was part of its 2018 Pulitzer Prize finalist staff. She was previously an editor at Vox Media site Eater and has had bylines in Elle Decor, SFGate and various other outlets. Follow her on Twitter here.

Editor: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside).

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