Luxury Real Estate Archive
RISMEDIA, October 15, 2010—(MCT)—Ken and Linda Bolsch put their five-bedroom, five-year-old Mahwah, N.J., colonial on the market in January, sure that buyers would appreciate its low taxes, wooded lot, and impeccable decor and landscaping. But after nine months—and a price cut from $925,000 to $749,000—the house is still on the market, with the couple looking at a substantial loss at that price. "We fell in love with the house from the moment we saw it, and we don't know why other people aren't doing the same," Ken Bolsch said.
RISMEDIA, October 13, 2010—It would be unrealistic to say that the real estate market is utterly rosy right now, but neither is it thorn-filled by any means. In fact, things are decidedly looking up: July got some good news, when the National Association of Realtors reported that pending home sales rose 5.2% from downwardly revised June levels, beating economists’ expectations. This is good news for both buyers and sellers.
RISMEDIA, October 12, 2010—Trulia.com, a leading site for home buyers, sellers and renters, recently released the results from its Rent vs. Buy Index, which tracks whether buying a home or renting is less expensive in America's 50 largest cities, based on current market conditions. "Choosing to buy a home or continuing to rent is a highly personal financial and life decision that many people are grappling with right now," said Pete Flint, CEO and co-founder of Trulia. "In the wake of the foreclosure crisis and ongoing struggles in the industry, we created the Rent vs. Buy Index to provide a bit more context about current marketplace conditions to help prospective buyers make the right decisions for their own personal situations."
RISMEDIA, October 4, 2010—(MCT)—The face. The hair. The voice. Why does that real estate agent seem so familiar? Because, in that only-in-L.A. kind of way, there's a good chance the agent is also an actor, reality show personality or has had some other brush with fame. The last decade's real estate bubble and bust spawned more than 20 reality cable television shows devoted to home buying, selling and flipping, so the odds are that some of those agents will end up at an open house near you. Broaden the spotlight to music and acting, and the recognition factor climbs even higher.
RISMEDIA, October 1, 2010—(MCT)—Wendy and Robby Haun had to sell their home near Cary, N.C., to make way for a state highway project, but the comfortable ranch house did not go to waste. It went to Builders of Hope, a pioneering Raleigh, N.C., nonprofit that has found new life and new families for more than 60 discarded dwellings in the past four years. Since 1999, the Hauns had lived in the house next door to Wendy's childhood home. The N.C. Turnpike Authority bought both houses for the 18-mile Triangle Expressway which is now under construction.
RISMEDIA, September 30, 2010—The real estate industry has seen a huge number of changes over the past 20 years with the advent of pagers, cell phones and the Internet, and a new one coming out now for search engine optimization will do the same thing with how agents market
RISMEDIA, September 30, 2010—At a recently held event at the Pentagon, Fannie Mae and the U.S. Army announced new initiatives to help service members who are struggling with their mortgage payments avoid foreclosure. The effort includes a mortgage payment forbearance of up
RISMEDIA, September 29, 2010—Data through July 2010, released by Standard & Poor's for its S&P/Case-Shiller Home Price Indices, one of the leading measures of U.S. home prices, show that the annual growth rates in 16 of the 20 MSAs and the 10- and 20-City
RISMEDIA, September 29, 2010—It's one thing to examine your property with an eye toward pleasing your guests, but smart second homeowners realize the value of regular preventive maintenance as well. Even if your guests don't notice, say, a leaky roof, it's likely
RISMEDIA, September 27, 2010—Educating agents on the realities of today’s market is one of the easiest ways for real estate professionals to drive success to their company. Here, read how Patti Siebold, president/co-owner/operating principal of
RISMEDIA, September 27, 2010—Recognizing the giant leap mobile technology and the mobile Web has taken in the past year, the California Association of Realtors (CAR) has selected Mobile Real Estate LLC as its mobile technology sponsor of the 2010 CAR
RISMEDIA, September 25, 2010—It's that time of year again. Summer is gone and the "off season" has begun. Between counting your rental income and planning a few autumn weekends in your vacation home, you may have found yourself wondering how you can
RISMEDIA, September 24, 2010—Retailers aren't the only ones slashing prices this fall to attract shoppers. National real estate brokerage ZipRealty's inaugural Sale Rack Report finds that many home sellers are aggressively reducing their asking prices, some
RISMEDIA, September 23, 2010—Many vacation property owners would like to rent their home out when they're not using it themselves. Problem is, they let their worry about the "what-ifs" override the benefits of collecting all that glorious rental income.
RISMEDIA, September 20, 2010—In much of Florida, homes have become dramatically more affordable since 2005, attracting new buyers who couldn't have made a purchase "in the peak years," says Rei Mesa, president and CEO of Prudential Florida Realty.