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Today’s Marketplace Archive


Signs of Life: Slower Decline May Signal Recession’s End

RISMEDIA, August 4, 2009-(MCT)-The worst U.S. recession in 70 years should end over the next three to six months, judging by recently released data that showed that the economy's contraction eased considerably from April through June. ...


The Glass – Half Full, Half Empty or Shattered…You Decide

RISMEDIA, August 4, 2009-It's easy to be negative, but you don't get much for your efforts. ...


Treasury Announces Home Price Decline Protection Incentives

RISMEDIA, August 4, 2009-As part of an ongoing effort to expand relief to struggling homeowners, Treasury released the Supplemental Directive for its Home Price Decline Protection (HPDP) program, a component of the Home Affordable Modification Program (HAMP). HPDP provides additional incentive ...


Is the Real Estate Bear Market Beginning to Bottom Out?

RISMEDIA, August 4, 2009-If history is a reliable guide, then it may be safe to say that we have entered the beginning of the end of this historic housing bear market. The following data from the Winans International Real Estate Index shows significant increases in new home sales which has led ...


Realtors Urge First-Time Buyers to Act Quickly, Tax Credit to Expire Soon

RISMEDIA, August 3, 2009-The New Jersey Association of Realtors (NJAR) is encouraging those considering buying a home for the first time to act quickly, as there is very limited time to qualify for the $8,000 first-time homebuyer tax credit. As of ...


HUD Secretary Shaun Donovan Announces New FHA-Making Home Affordable Loan Modification Guidelines

RISMEDIA, August 3, 2009-U.S. Department of Housing and Urban Development Secretary Shaun Donovan announced the Federal Housing Administration (FHA) has implemented changes to its loan modification program to ensure consistency with the Obama Administration's Home Affordable Modification Program. By August 15, FHA borrowers will be able to significantly reduce their monthly ...


Small Businesses Find New Loan Process Complicated

RISMEDIA, August 3, 2009-(MCT)-The theory was to throw an interest-free lifeline to bakeries, auto shops, travel agencies and other small businesses facing financial hardship during the recession. ...


FHA Home Modification Program Will Help Thousands of Homeowners, Say Realtors

RISMEDIA, August 3, 2009-The following is a statement by National Association of Realtors® President Charles McMillan: ...


Refinances in Second Quarter Reduce Mortgage Payments by $3.4 Billion in Coming Year

RISMEDIA, August 1, 2009-In the second quarter of 2009, half of borrowers who refinanced their loan lowered their annual mortgage interest rate by at least 20% according to Freddie Mac's quarterly Refinance Report. The new interest rate was about 1.25 percentage ...


Cash-for-Clunkers Program May be Suspended Just Days after Start

RISMEDIA, August 1, 2009-(MCT)-Four days after it launched, the popular cash-for-clunkers program has burned through its $950 million budget, sending the Obama administration scrambling to find additional money and avoid a shutdown of the program. ...


Men and Women React to the Economy in Different Ways

RISMEDIA, August 1, 2009-PriceGrabber.com, a part of Experian, explores the impact of the economy on online consumer behavior in its latest Consumer Behavior Report, Economic Trends in Consumer Spending. Results are based on a survey of 3,156 online consumers conducted over the past two months. Survey data revealed ...


Real Estate Professionals: Promote Your Value Now More Than Ever

JD Power and Associates survey reveals importance of extra services increases as buyers and sellers seek value from real estate companies ...


NAR Pulse: This Week’s Top Stories from the NATIONAL ASSOCIATION OF REALTORS

RISMEDIA, July 31, 2009-This week's headlines from the NATIONAL ASSOCIATION OF REALTORS include: Articles and information offered as part of the Right Tools, Right Now campaign, marketing tools from NAR's REALTOR Benefits Program Partners, and existing-home sale are up again. ...


New Home-Appraisal Rule Brings Turmoil to Real Estate Industry

RISMEDIA, July 31, 2009-(MCT)-When David and Penny Mann decided it was time to move to a retirement community, their real estate agent told them that in this rough market, it could take months to sell their downtown San Jose Victorian. ...


Luxury Prices Continue to Fall – Owners Ask for Less and Add Perks

RISMEDIA, July 31, 2009-(MCT)-After lowering the $4.2 million asking price of their Lake Bluff estate three times and by more than $1 million, Mike and Marti Palmer flirted with the idea of trading the still-unsold custom home for something smaller. ...


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