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Luxury Real Estate Archive


Fannie Mae Announces Support for Military Homeowners

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 to six months where the death or injury ...


U.S. Home Prices Up 0.6 Percent in July 2010

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 Composites slowed in July compared to ...


A Preventive Maintenance Checklist for Savvy Second Homeowners

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 to cause bigger, more expensive problems down the ...


Finding Success in Today’s Market: Educate, Educate, Educate

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 Keller Williams Realty Premier Partners in Vancouver, Washington, goes above and beyond to make sure ...


Mobile Real Estate Selected as Mobile Technology Sponsor of CAR Expo

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 Realtor Expo, scheduled for October 5-7 at the Anaheim Convention ...


The Off-Season Audit: How to Take a Guests-Eye View of Your Property

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 shore up more bookings in the future. Vacation ...


ZipRealty Releases Inaugural “Sale Rack Report” Identifying Country’s Most Discounted Homes

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 by more than two thirds of the original list prices and tens of thousands ...


4 Reasons Why Vacation Property Owners Should Put Their Rental Fears to Rest

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. Here, Christine Karpinski, director of Owner Community for HomeAway, Inc., and ...


Rei L. Mesa Featured in U.S. News and World Report: How to Find a Second Home Bargain

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. In Nevada, buyers are snatching up $200,000 properties that just a few ...


Spending Smart: Plan Ahead for Home Appliance Life Spans

RISMEDIA, September 18, 2010—(MCT)—Home appliances break and wear out, and many consumers are often surprised, almost as if they expect these machines to last forever. But appliances have life spans. A trash compactor lasts just six years, on average, compared with a gas boiler, which typically lasts 20 years, according ...


4 Reasons Why Buying a Home Now Presents the Opportunity of a Lifetime

RISMEDIA, September 17, 2010—(MCT)—As the economy continues to suffer and home prices continue to fall, numerous Americans across the country are staying away from the real estate market. But, if you are looking to take advantage of the opportunity of ...


Shared Equity Programs Stabilize Neighborhoods and Preserve Affordable Housing

RISMEDIA, September 17, 2010—(MCT)—As tighter lending requirements make homeownership more difficult, so-called "shared equity" or "long-term affordability" programs are getting more attention from local governments, nonprofits and private foundations. ...


Regional Spotlight: Good News for California’s Economy – Luxury Homebuilder Returns to San Diego Market

RISMEDIA, September 16, 2010—There’s a new sign that bodes well for the local economy and the California housing market. Toll Brothers, one of the nation’s leading luxury home builders has returned to the San Diego market. Brand new communities, especially those built by a solid, strategic company, are strong indicators ...


HUD Releases First Comprehensive Housing Survey of New Orleans Metropolitan Area Since Hurricane Katrina

RISMEDIA, September 15, 2010—In the five years since Hurricane Katrina struck the Gulf coast, the New Orleans metropolitan area lost 75,000 housing units or nearly 13% of its housing stock. In addition, the median monthly cost of housing rose by nearly 33%, from $662 in 2004 to $882 in 2009. ...


Housing Regulator Prepares Changes for Reverse Mortgages

RISMEDIA, September 14, 2010—(MCT)—The Federal Housing Administration isn't talking publicly about it, but the agency may be getting ready to lessen the upfront costs of reverse mortgages for some borrowers. The agency also, however, may be reducing the amount seniors ...