Real Estate Information Archive
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 goes on with his day. "That's my daily routine," said the investment manager. Bachrach's charming wood-frame home sits next to two unfinished single-family homes on a quiet residential street in Chicago's Lincoln Park. For a while, he said, three homeless people were living in the garage of one house.
RISMEDIA, November 1, 2010—Point2 announced the participation of Saul Klein, senior vice president, Point2, in industry veteran Allan Dalton’s critically acclaimed new book, Leveraging Your Links – How to Do More Business Off- and Online, a guide to developing
RISMEDIA, October 30, 2010—As the saying goes, no news is good news. But unfortunately, there’s lots of news about real estate these days—most of it bad. From rising foreclosure rates to dismal post-tax credit reports, media headlines continue to be centered around the negativity in today’s market. Real estate leaders, however, know that this is only one part of the story...that there are plenty of positive stories to share as well. For this month’s RREIN Roundtable, we asked two members of RISMedia’s Real Estate Information Network® (RREIN) to share their strategies for combating negative media. Here’s their take.
RISMEDIA, October 30, 2010—While real estate professionals across the country are doing everything they can to keep their companies profitable, many have placed their charitable giving on hold. But, it is important to note that being a good corporate citizen is more important
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 cottage or woodsy cabin rather than a hotel room—there's never been a better time to buy. But here are the real questions to consider before you purchase a vacation home: Is the lifestyle that comes with owning and managing a vacation rental home right for you? Do you have the right personality for the job?
RISMEDIA, October 29, 2010—(MCT)—Sales of new homes climbed 6.6% in September 2010, figures released by the federal government showed, representing the second straight month of gains, but still well below the pace when a tax credit existed. Sales of new single-family homes rose 6.6% to a seasonally adjusted annualized rate of 307,000, which is stronger than the 300,000 that economists expected in a MarketWatch-compiled poll.
RISMEDIA, October 29, 2010—For the average home buyer, these days, there’s certainly no shortage of data. It’s pretty easy to find out the square footage and/or room sizes on just about any home for sale. But what about all the other things that make a decision to move so important?
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
RISMEDIA, October 29, 2010—(MCT)—Rogelio Huerta and Maria Soto did everything they were supposed to do to reduce the monthly mortgage payments on their Bellwood, Ill., home. Facing a cash crunch because his work hours were cut, they sought help from PNC Mortgage while they
RISMEDIA, October 28, 2010—RealtyTrac, a leading online marketplace for foreclosure properties released its Q3 2010 Metropolitan Foreclosure Market Report, which shows that cities in California, Florida, Nevada and Arizona once again accounted for all top 10 foreclosure
RISMEDIA, October 28, 2010—The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the October edition of the Obama Administration’s Housing Scorecard (www.hud.gov/scorecard
). The latest housing figures show continued signs of stabilization in house prices and high home affordability due in part to record low interest rates. The housing scorecard is a comprehensive report on the nation’s housing market.
RISMEDIA, October 28, 2010—If you listen closely, there is a thumping, an underscore that can be heard in virtually all conversations happening within the MLS community; just like the bass line of a great rock and roll song—driving the tempo, defining the energy, making it stick in your
RISMEDIA, October 28, 2010—It is more important than ever that we find ways to stay positive, especially as we continue to make our way through today’s real estate market. Your success depends on your mindset, not on the economy or the marketplace. How do I know this to be
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®.
RISMEDIA, October 27, 2010—As the real estate industry waxed and waned over the past several years, Zillow has gone from suspect intruder to trusted partner. Here, Zillow CEO Spencer Rascoff explains how both the industry and Zillow have evolved together, and why the “dark days” of real estate are behind us.