House hunting? Download these applications first

 

"There has been a revolution in innovation," said Alex Periello, CEO of Realogy Franchise Group, which has sponsored a conference last month with several new technologies in real estate.

Matterport, Mountain view, California, recently unveiled 3D Showcase, which produces high-quality images, 3-d houses that can be embedded in the ads online. Users can walk virtually piece by piece, behind sofas, around beds and past the corners. (For an example, click here.)

Related: less 10 pointed Out cities

Then, at a click of a button, walls peel away from revealing a photographic image of the House with all exposed areas. 3D image can be turned, rotated and zoomed in on.

CEO of Matterport, Bill Brown, said that, so far, list of sites usually contain slideshows of photos but, 'did there were no namespace context as a whole."

Furniture can be erased, leaving empty space. Or, it can be replaced with other furniture to re - organize the rooms. Buyers can see what would look like the place after having buy and put in sofas, chairs and a table they choose.

"This is part of the dream of hunting of the House and takes it to the next level, said Sherry Chris, CEO of Better Homes & gardens Real Estate."

Related: Can how much house you afford?

Meanwhiles, to avoid open houses crowded where you can not get a response to your questions, or agents who do not know the property, a company called BrightDoor offers Beamly.

It uses small Bluetooth devices located throughout the House to send information through their mobile phones or other devices home shoppers. When a buyer goes in the kitchen, for example, they can learn about the devices or the wood cabinets options at their disposal.

 

With Boston CO Everywhere, users with equipped with Bluetooth mobile devices can draw borders around the interactive maps of the districts, they want to enter, and the site will display a table of the contents of local social media Twitter, Instagram, and Facebook in this region. She also posts of the local Meetup and treaty events and coupons to local businesses through sites like YipIt.

"It's like the NSA for real estate," said Tony Longo, CEO of CO everywhere.

Calculator: cost of living: how far will my salary go?

Longo has called a zone of two blocks of Greenwich Village in New York and found 49 people, he was able to connect with at this time. "Social intelligence that comes out of a zone can be rich," he said.

Zumper, which specializes in the rental, has produced Zumper Pro app that helps agents quickly create ads online in a few minutes. Officers using their smartphones or tablets, can take pictures, write descriptions and fill in the details, such as the number of bedrooms, bathrooms and square feet.

Then, even before leaving the apartment, agents can validate the registration online and send alerts to potential tenants with the $ $ app a new place is on the market.

First published: 8 July 2014: 6: 54 et

House hunting? Download these applications first

 

"There has been a revolution in innovation," said Alex Periello, CEO of Realogy Franchise Group, which has sponsored a conference last month with several new technologies in real estate.

Matterport, Mountain view, California, recently unveiled 3D Showcase, which produces high-quality images, 3-d houses that can be embedded in the ads online. Users can walk virtually piece by piece, behind sofas, around beds and past the corners. (For an example, click here.)

Related: less 10 pointed Out cities

Then, at a click of a button, walls peel away from revealing a photographic image of the House with all exposed areas. 3D image can be turned, rotated and zoomed in on.

CEO of Matterport, Bill Brown, said that, so far, list of sites usually contain slideshows of photos but, 'did there were no namespace context as a whole."

Furniture can be erased, leaving empty space. Or, it can be replaced with other furniture to re - organize the rooms. Buyers can see what would look like the place after having buy and put in sofas, chairs and a table they choose.

"This is part of the dream of hunting of the House and takes it to the next level, said Sherry Chris, CEO of Better Homes & gardens Real Estate."

Related: Can how much house you afford?

Meanwhiles, to avoid open houses crowded where you can not get a response to your questions, or agents who do not know the property, a company called BrightDoor offers Beamly.

It uses small Bluetooth devices located throughout the House to send information through their mobile phones or other devices home shoppers. When a buyer goes in the kitchen, for example, they can learn about the devices or the wood cabinets options at their disposal.

 

With Boston CO Everywhere, users with equipped with Bluetooth mobile devices can draw borders around the interactive maps of the districts, they want to enter, and the site will display a table of the contents of local social media Twitter, Instagram, and Facebook in this region. She also posts of the local Meetup and treaty events and coupons to local businesses through sites like YipIt.

"It's like the NSA for real estate," said Tony Longo, CEO of CO everywhere.

Calculator: cost of living: how far will my salary go?

Longo has called a zone of two blocks of Greenwich Village in New York and found 49 people, he was able to connect with at this time. "Social intelligence that comes out of a zone can be rich," he said.

Zumper, which specializes in the rental, has produced Zumper Pro app that helps agents quickly create ads online in a few minutes. Officers using their smartphones or tablets, can take pictures, write descriptions and fill in the details, such as the number of bedrooms, bathrooms and square feet.

Then, even before leaving the apartment, agents can validate the registration online and send alerts to potential tenants with the $ $ app a new place is on the market.

First published: 8 July 2014: 6: 54 et

UPDATE 2-Austrian lower house approves Hypo haircut law

AppId is over the quota
AppId is over the quota

* Law forces losses on some junior creditors despite guarantees

* Needs to pass upper house as well, and be signed by president

* Former Hypo owner BayernLB faces 800 million euro hit (Adds details from parliamentary debate, context)

By Michael Shields and Angelika Gruber

VIENNA, July 8 (Reuters) - The lower house of Austria's parliament approved legislation on Tuesday that would wipe out the claims of some subordinated creditors of nationalised lender Hypo Alpe Adria, despite guarantees from its home province, entering uncharted territory for debt markets.

The government insists its move, which still needs the approval of the upper house and the president's signature, is a one-off step to ensure that Hypo's investors help to pay to wind down a bank that has cost 5.5 billion euros ($7.5 billion) in public aid so far.

The step is in line with European bank bail-in rules that take effect in 2016 that ensure taxpayers alone no longer shoulder the burden of propping up or killing off ailing banks.

But ratings agencies, senior bankers and the International Monetary Fund warn that Vienna has set a dangerous precedent, which may undermine confidence in other state guarantees that underpin billions of euros in debt.

"The situation with Hypo Alpe reflects badly on the Austrian banking system as a whole," said Dierk Brandenburg, a senior bank credit analyst at Fidelity.

"It creates uncertainty in the system, as investors will be thinking: 'If they can change the rules once like this, what's to stop them doing it again?'"

The law is likely to face legal challenges from investors including insurers and pension funds who hold the bonds.

Nevertheless, Austria sold 1 billion euros in bonds on Tuesday amid solid demand, including a 10-year deal at an average yield of 1.497 percent, which Finance Minister Michael Spindelegger said was a record low.

The coalition government has faced a public furore over the mounting costs of dismantling Hypo, which Austria had to nationalise in 2009 to avoid a collapse that would have sent a shock wave across the region.

NOT FAR ENOUGH

In Tuesday's debate, opposition parties complained the law did not go far enough to bail in Hypo investors. They said Austria should have let the bank go bust, an option that the government ruled out in March as too risky.

Letting Hypo go under would have bankrupted the province of Carinthia, whose unaffordable guarantees on Hypo's debt helped to fuel a decade of breakneck expansion at home and abroad that pushed the lender to the brink of insolvency.

Instead, Austria aims to impose losses on holders of around 890 million euros of Hypo debt guaranteed by Carinthia, and seize another 800 million from former Hypo owner BayernLB of Germany.

The legislation also sets up a "bad bank" that will absorb billions of euros' worth of Hypo assets to be wound down over years. The move will boost Austria's state debt to nearly 80 percent of gross domestic product, and nearly double the budget deficit to 2.7 percent of GDP this year.

Hypo is selling off its Balkan banking network under a break-up mandated by the European Commission. Spindelegger said a deal could wrap up within weeks.

Austrian President Heinz Fischer says the legislation needs a thorough legal review before he signs it.

Carinthia - which made millions by selling its Hypo stake to BayernLB - is fighting government demands that it contribute around 500 million euros to Hypo's costs. ($1 = 0.7331 Euros) (Additional reporting by Aimee Donnellan in London; Editing by Georgina Prodhan and Kevin Liffey)

UK house prices 'surpass 2007 peak'

The average UK property price is now £188,903, according to the Nationwide UK house prices have risen above their peak of 2007, the Nationwide has said, after prices climbed 1% in June and were up 11.8% from a year earlier.

The building society said the average value of a UK property was £188,903, but in London it had surpassed £400,000 for the first time.

Despite the acceleration in house prices, it said there was "significant variation" across the country.

And it expected price gains to slow in London from July onwards.

The Nationwide based this view on "anecdotal evidence" from surveyors and estate agents.

Regional variations

The annual rise in house prices accelerated from 11.1% in May to 11.8% in June, with all regions across the UK seeing an increase.

Prices increased by 1% in June, compared with a 0.7% rise in May. This was the 14th successive monthly increase in prices.

The figures are based on the Nationwide's own mortgage data and are the first snapshot of prices and activity in the housing market in June.

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Other surveys in recent months have echoed the view of local markets moving at a different pace. The Land Registry said last week that prices were still falling in some areas of Wales and the North West of England.

The south of England continues to see the strongest growth in house prices, various surveys have said.

The Nationwide said London saw the sharpest rise, with prices up almost 26% in the three months to the end of June compared with the same period last year. This pushed them 30% above their 2007 peak.

However, it predicted that price growth in the capital was slowing, a view drawn from some London estate agents.

"There are already signs that buyers are starting to say enough is enough," said James Hall, director of London estate agents Fishneedwater.

"Whereas a few months ago, buyers were offering silly prices on some very average properties, the silly season in the capital seems to have passed.

"Buyers are now taking their time, and making fair offers. We are definitely seeing fewer properties going for or over asking price."

Mortgage approvals - which signal future house sales - have slowed in recent months, Bank of England data shows.

Continue reading the main story Lack of supply Nationwide's chief economist Robert Gardner said recent moves by the Bank of England's Financial Policy Committee (FPC) to ensure the UK housing market does not overheat, were unlikely to have a "significant impact".

The FPC recently announced an insurance policy against an overheating market, consisting of:

Ensuring lenders check mortgage applicants can cope with a three percentage point rise in interest rates - slightly tougher than current affordability checksFrom October, limiting risky lending by putting a 15% cap on the number of mortgages that banks and building societies can give to people who want to borrow more than 4.5 times their income

"Most major lenders are already using a stress rate in their affordability calculation... similarly, the proportion of house purchase loans at or above 4.5 times borrowers' income is currently some way below the 15% cap," he added.

But Mr Gardner said rising expectations that interest rates might increase earlier than expected could dampen housing activity, although the lack of homes coming onto the market or being built still meant demand exceeded supply which would continue to push up prices.

"It is important to note that the Financial Policy Committee does not have the tools to address the fundamental problem with the housing market - the lack of supply," he said.

Region Average price Annual change