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Luxury Real Estate Archive


Renovations Halted by Recession Leave Homes in Limbo

RISMEDIA, November 4, 2010—(MCT)—Ralph and Gloria Dickerson began a $150,000 expansion of their Englewood, N.J., house in 2004. But the work dwindled to a halt several years ago, and foreclosure proceedings were started on the house last year. The property ...


Fed to Take Unusual Stab at Boosting Economy through Quantitative Easing

RISMEDIA, November 3, 2010—(MCT)—The Federal Reserve began a two-day meeting that's expected to conclude with the announcement of an unorthodox plan to spark life into the U.S. economy. The Fed has signaled since August that it'll begin purchasing government bonds ...


Get the Most Out of Your Furniture – How to Check for Comfort and Durability

RISMEDIA, November 2, 2010—(MCT)—When men buy "guy stuff"—cars, lawn mowers, electronics—they're on their home turf. For those purchases, "Men can rely on familiar brand names and test drives to guide their decision-making," says Jackie Hirschhaut, spokesperson for the American Home ...


Half-Built Homes: As Housing Market Continues to Improve, Situation Will Eventually Correct Itself

RISMEDIA, November 1, 2010—(MCT)—Every night before he goes to sleep, Ted Bachrach sets out four rat traps along a construction site next to his well-tended yard. In the morning, Bachrach gets up, makes coffee and removes the traps before he ...


How to Determine Whether the Vacation Rental Lifestyle is Right for You

RISMEDIA, October 30, 2010—More and more people are investing in vacation homes today. And no wonder: between unbelievable real estate prices, low interest rates, and a rapidly growing base of potential customers, vacationers who'd rather stay in a charming beach ...


Upside-Down Homes Create New Pitfall for Real Estate Brokers

RISMEDIA, October 29, 2010—Painfully aware of the fact that many homeowners are upside-down (or underwater) with their current mortgages, brokers now need to be careful in listing the upside-down home. In Holmes v. Summers (Oct. 2010), a California appellate court ruled that sellers’ brokers can be held liable for ...


Regional Spotlight: Home Values Continue to Rise in Ohio

RISMEDIA, October 28, 2010—Home values continue to rise which is good news for central Ohio. The average sale price for the first nine months of the year is $161,204, up 7.4% from the beginning of 2010 according to the Columbus Board of Realtors®. ...


Enhance Your Well-Being: Nurse Your Sick Home Back to Health

RISMEDIA, October 27, 2010—A new home may have freshly painted shutters, a picket fence around it, and rainbow-colored flower patches leading to the candy-red door. But if the air quality isn’t good inside, those exterior niceties become insignificant—and—quite simply, you ...


Home Buyers from Florida to California Bid Above Asking Price, According to ZipRealty’s Home Hunter Report

RISMEDIA, October 25, 2010—Some homes across the country at various price points are selling above asking price, according to the Q3 2010 Home Hunter Report released by ZipRealty. The report reveals that in Q3 2010, California was home to five ...


6 Reasons Why It’s Smart to Buy a Vacation Rental Home Now

RISMEDIA, October 22, 2010—Lately, you've been thinking a lot about investing strategies. You have a small nest egg that needs to grow, but frankly you don't trust the stock market. And while real estate has been somewhat of a rocky road in recent years, it's still a solid long-term investment ...


Real Estate Agents Turn to Social Media to Connect with Clients

RISMEDIA, October 22, 2010—(MCT)—When real estate agent Sarah Elles Boggs walks into one of downtown Miami's condo towers for a showing, she pulls out her Android smart phone, "checks in" on a GPS-powered Web platform called Foursquare, blasts her whereabouts on Twitter, and leaves behind a location-based "tip" in the ...


Single-Family Housing Starts Rise 4.4 Percent in September 2010

RISMEDIA, October 21, 2010—Nationwide housing starts edged up 0.3% to a seasonally adjusted annual rate of 610,000 units in September, due entirely to a 4.4% gain in the single-family sector, according to U.S. Commerce Department figures. "Builders are cautiously responding ...


Point2 Examines U.S. Broker and Agent Market Sentiment in Real Estate Confidence Index

RISMEDIA, October 21, 2010—Real estate broker and agent outlook for the United States market declined by 8.42% in September 2010, versus August, on a seasonally adjusted basis. Continued weakness in confidence sent the U.S. Real Estate Confidence Index (RECI) to its lowest level since Point2 (www.Point2.com) began to track real ...


Decoding the Smart Label – How Smart Homes Really Work and What the Label Means

RISMEDIA, October 20, 2010—(MCT)—Home construction is one of those things that really hasn’t changed a whole lot for hundreds of years. For example, if you look at the houses in Colonial Williamsburg, they have pitched roofs with shingles, walls with ...


Breathe Easier: 10 Tips to Banish Mold from the Home

RISMEDIA, October 19, 2010—Often, our first encounter with mold at home occurs in that infamous spot between the shower curtain and tub. It’s pretty disgusting, but it’s easy to wipe up. Unfortunately, in most homes, this isn’t the extent of ...


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