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Real Estate News Archive


Homebuyer Tax Credit Extension Crucial, Say Local Real Estate Professionals

RISMEDIA, November 2, 2009—(MCT)—Local real estate professionals hear a clock ticking, and they're sure it's wired to the economy. The federal government's first-time homebuyer tax credit is scheduled to expire Nov. 30. The credit, part of the Obama administration-backed economic stimulus package, rewards Americans for buying a home by cutting them ...


CAR Reports September Home Sales Increased 2.1 Percent; Median Home Price Declined 7.3 Percent

RISMEDIA, November 2, 2009—Home sales increased 2.1% in September 2009 in California compared with the same period a year ago, while the median price of an existing home declined 7.3%, the California Association of Realtors® (C.A.R.) recently reported.  ...


8 Easy Ways to Reach More First-Time Home Buyers Online

RISMEDIA, November 2, 2009—It is clear to see that first-time homebuyers have had a major impact on today’s real estate market, especially because of the $8,000 First-Time Home Buyer tax credit. Catering to the needs of first-time buyers is one of the best things you can do today. As the expiration ...


HUD Takes Action against Reverse Mortgage Lender in Hawaii

RISMEDIA, November 2, 2009—The U.S. Department of Housing and Urban Development (HUD) announced that its Mortgagee Review Board (MRB) is proposing to permanently withdraw the HUD/FHA approval of Financial Mortgage USA, Inc., a Home Equity Conversion Mortgage (HECM or reverse mortgage) lender based in Honolulu, Hawaii. HUD's MRB alleges the company ...


PropertyMinder and San Diego Association of Realtors Partner up for Affinity Program

RISMEDIA, November 2, 2009—PropertyMinder has entered into a Web technology partnership with the San Diego Association of Realtors® (SDAR), the company has announced. SDAR has chosen PropertyMinder as the vendor of choice for real estate websites for their over 12,000 members.  ...


Realty Executives International Announces Promotion of Owner Rich Rector to Executive Chairman and Glenn Melton to CEO

RISMEDIA, November 2, 2009—Realty Executives International, Inc., announced Owner Rich Rector’s new position as Executive Chairman, formerly the chief executive officer (CEO), in which he will maintain oversight and a key decision-making role in the operations of the organization. Realty Executives International’s new CEO is Glenn Melton.  ...


Administration Calls on Congress to Approve Key Housing Measures

RISMEDIA, October 31, 2009—Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan called on Congress to approve three important measures to improve housing and the housing market for Americans: extension of the First-Time Homebuyer Tax Credit for a limited period, extension of higher loan limits for home mortgages, and secure funding ...


Real Estate Is Local – So Is Leadership

RISMEDIA, October 31, 2009—Getting your clients to understand that real estate is local was one of the more difficult lessons that real estate professionals have had to preach during the recent housing downturn. As the media continually painted a negative picture of the real estate landscape, perspective buyers and sellers took ...


Breaking News: Senate Plans to Extend and Expand Tax Credit

RISMEDIA, October 30, 2009—(MCT/The Wall Street Journal)-The Senate has reached a compromise on extending and expanding the $8,000 tax credit for first-time home buyers, a boost the housing industry believes will help it pull out of its two-year-old ...


NAR Pulse: This Week’s Top Stories from the NATIONAL ASSOCIATION OF REALTORS®

RISMEDIA, October 30, 2009—This week’s headlines from the NATIONAL ASSOCIATION OF REALTORS® include: free technology resources from NAR’s Right Tools, Right Now initiative, savings of 55% on the 2010 Entertainment Book through the REALTOR Benefits® Program and existing-home sales show big rebound.  ...


Op-ed: Stimulus Aids Strong Economic Rebound – U.S. Economy Expands 3.5 Percent

RISMEDIA, October 30, 2009—There is light at the end of the tunnel, and the American Recovery and Reinvestment Act got the economic engine closer to that light. The economy grew at an annual inflation-adjusted rate of 3.5% in the third quarter of 2009, the Bureau of Economic Analysis recently reported. This ...


Staying Ahead of the Market

RISMEDIA, October 30, 2009—Staying ahead of your local competition while keeping your name in front of your clients is crucial to staying profitable in any real estate market. As technology continues to advance, it is important for real estate professionals to take advantage of the various mediums through which they can ...


Today’s Featured Listing – A Custom Tuscan Estate

RISMEDIA, October 30, 2009—Completed in 2008, this Tuscan estate home located on Lake Minnehaha in Florida is a truly custom home. A masterpiece designed with luxury features that provide both comfort and beauty, this home features an ...


Most Landlords Willing to Discount Rent to Aid Cash-Strapped Tenants

RISMEDIA, October 30, 2009—More than two-thirds (69%) of smaller, independent landlords will reduce rents to help tenants remain in their homes, according to The National Association of Independent Landlords.  ...


Thirty-Year Fixed Mortgage Rates Continue to Decline; Most State Rates Now Below 5.00%

RISMEDIA, October 30, 2009—The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased ten basis points last week to 4.87%, down from 4.97% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website ZIllow.com. Rates for 15-year fixed mortgages ...


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