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Real Estate News Archive
With the number of global real estate transactions growing steadily, the international market represents a huge opportunity for REALTORS®. In fact, NATIONAL ASSOCIATION OF REALTORS® (NAR) research shows that over a 12-month period ending March 2011,
Matt and Rachel Kent are about to apply for a loan on a new home being built in Tucson, Ariz. It’s been three years since they lost their Las Vegas home to foreclosure. The Kents, who could afford to keep their home in Las Vegas, simply decided to “walk away” and let their lender foreclose. They join a growing population in the United States referred to as “strategic defaulters.”
Foreclosure and its expanding negative economic impact continue to plague the nation. The situation in the Las Vegas area, a booming home market only a few years ago, now boasts some of the highest foreclosure rates in the country. Nationally, 34 percent of foreclosures are the “strategic” variety, according to a September 2011 survey conducted by the University of Chicago.
The San Diego Association of REALTORS® is starting 2012 off with a presence in mobile technology for all its REALTOR® members, the group has announced. All REALTOR® members have been provided with Mobile Real Estate ID’s complete “Mobile Marketing Solution” for real estate as their newest free member benefit. This ...
Alain Pinel, the renowned real estate entrepreneur whose name is on the façade of a leading national real estate company, has returned to Northern California and will serve as senior vice president and managing officer of Intero Real Estate Services, a premier real estate brokerage company headquartered in the Silicon ...
(MCT)—The most Americans in more than 18 months signed contracts in November to buy homes, raising hopes that a boost in sales will follow, NAR reported Thursday.
Regional Spotlight—One of Connecticut’s leading residential real estate firms, William Pitt Sotheby’s International Realty, has announced a record-breaking success in the sale of 69 Deer Meadow Lane in North Stamford, which closed this week for $4.65 million setting Stamford’s highest selling price of 2011. ...
During Coldwell Banker Platinum Partners’ holiday charity drive, sales agents and staff from throughout the region spent much of November and December gathering donations to benefit a variety of charities. The Partners banded together with one common goal - to lend helping hands and make the holiday’s special for as ...
The real estate professionals at Prudential Network Realty are helping students learn about career opportunities through their support of a new real estate mentoring program for youth attending the MaliVai Washington Youth Center. ...
We have many reasons to be optimistic about housing. Past-due mortgages and foreclosure filings have been trending down in recent months, not to mention inventory is decreasing, interest rates are lower than ever and home prices are stabilizing. But the progress is fragile, and ongoing recovery won’t be helped by unreasonable regulation. The only appropriate focus for legislators is helping families who are struggling right now and doing whatever it takes to keep properties out of the REO market.
Maintaining a competitive edge in today’s market takes more than positioning yourself as an educated, trusted advisor. As buyers and sellers alike continue to turn to the Internet to start their real estate search, it’s more important than ever that real estate professionals arm themselves with the tools and technology ...
Prudential Network Realty’s Elizabeth Hudgins of the Ponte Vedra Beach office was recently recognized as the No. 1 sales associate in the Prudential Real Estate Network in Florida, which encompasses more than 10,000 agents, the company announced. In year-to-date statistics ending Nov. 30, 2011, Hudgins sold nearly $37 million in ...
High end homes in both Malibu and Pacific Palisades are selling faster, according to a Westside Estate Agency (WEA) analysis of housing data in the two luxury markets through the third quarter. ...
The median home price in the U.S. has plunged nearly 40% in a little over five years, but the worst is definitely over, according to a recent report by Kiplinger: The market has finally wrung out the last excess valuations born of the housing bubble. Before you break out the party hats, note that this doesn’t mean prices across the nation are poised to rebound anytime soon. Alex Villacorta, director of research and analytics at Clear Capital, a provider of real estate data and analytics, said the housing market is in a “suspended state,” with positive and negative factors offsetting one another. But he doesn’t expect another free fall in prices, assuming “things are left to work themselves out and there are no further shocks to the economy.”
For most in real estate, 2011 was yet another rough and tumble year. As we tried our best to deflect the continued slings and arrows of a challenged economy, many adjusted to the market and unearthed new opportunities for growth and expansion.
At a meeting held recently at the Craftsman Inn in Fayetteville, N.Y., HUNT Real Estate ERA announced plans to open a new “Super Branch”—The Workplace for the Real Estate Professional Elite. To create this Super Branch, the existing HUNT offices in Dewitt and Fayetteville will be combined into one elite ...
