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Real Estate News Archive


The Principles of Negotiation

RISMEDIA, September 1, 2009—A survey of buyers and sellers of real estate revealed that, from their point of view, one of the most valuable services real estate practitioners provide is our ability to negotiate on their behalf. From my experience, it appears that, in many cases, the clients are getting ...


NAR Helps Realtors Make Short Work of Short Sales

RISMEDIA, September 1, 2009—Nearly one-third of all existing homes sold recently were either short sales or foreclosures, according to National Association of Realtors® data. To help Realtors meet the needs of home buyers and sellers who need these services, NAR has launched a new Short Sales and Foreclosure Certification Program ...


Consumers’ Moods Improve in August

RISMEDIA, September 1, 2009—(MCT)-U.S. consumer sentiment improved in late August, but not quite enough to exceed the reading from July, according to a survey released by the University of Michigan and Reuters. ...


New Regulations, FICO Study Big News for Credit Card Holders

RISMEDIA, August 31, 2009-(MCT)-Last week brought significant news to credit card holders. First, the initial phase of a landmark bill overhauling credit card laws took effect, and a new study shed light on the growing practice of credit card issuers' slashing consumers' credit limits. ...


California Association of Realtors Reports July Home Sales Increased 12%, Median Home Price Declined 19.6%

RISMEDIA, August 31, 2009-Home sales increased 12% in July 2009 in California compared with the same period a year ago, while the median price of an existing home declined 19.6%, the California Association of Realtors® recently reported. ...


Bank Fees Go Up as Number of Distressed Banks at Highest Level in 15 Years

RISMEDIA, August 31, 2009-(MCT)-The growing number of troubled banks is forcing regulators to shore up deposit-insurance reserves, which in turn is going to cost consumers more in the form of fees and tighter lending standards. ...


Prudential Florida Realty’s Rei Mesa Appointed as Chairman of Newly Created Real Estate Services Group

RISMEDIA, August 31, 2009-Rei Mesa, president and chief operating officer, Prudential Florida Real Estate Services was recently appointed by FAR President, Cynthia Shelton to serve as the Chairman of the FAR Real Estate Services Group during the FAR Convention that took place in Orlando last week. The FAR Leadership Team and ...


Low Mortgage Rates Help Stabilize Housing Market

RISMEDIA, August 31, 2009-Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.14% with an average 0.7 point for the week ending August 27, 2009, up from last week when it averaged 5.12%. Last year at this time, the ...


Prudential John Koenig, Realtors Merges with All American Homes

RISMEDIA, August 31, 2009-Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. company announced the merger of Prudential John Koenig, Realtors® with All American Homes. ...


Largest U.S. Cities Continue to be Plagued by Home Price Reductions

RISMEDIA, August 29, 2009-Trulia, Inc., a real estate search website, announced that 25% of homes currently on the market in the United States as of August 1, 2009 have experienced at least one price cut. The percentage of price reductions ...


Florida’s Existing Home, Condo Sales Up in July 2009

RISMEDIA, August 29, 2009-Florida's existing home sales rose in July 2009-the 11th month in a row that sales activity increased in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). Statewide existing home sales in July also rose over the previous month's ...


Tax Breaks Beneficial for Buyers, Sellers and Owners

RISMEDIA, August 29, 2009-First-time homebuyers aren't the only ones to benefit from tax breaks. H&R Block urges homebuyers who are relocating for work or buying for other reasons to take advantage of incentives that can lower their tax bill. Plus, sellers should know how to report profits and losses to ...


Gender Differences and Today’s Market – Women More Pessimistic Than Men on Economic Outlook, Household Situations

RISMEDIA, August 29, 2009-Performics, the performance marketing group inside Publicis Groupe's VivaKi Nerve Center, released its fourth month of consumer behavior findings from its "2009 Online Buyer Economic Trend Study." ...


A Terrific Time to Buy

RISMEDIA, August 29, 2009-The $8,000 first-time home buyer tax credit along with record low interest rates, numerous tax credits as well as a housing inventory that is going to take some time to shrink, now is a terrific time to get into the real estate market. Whether you are looking ...


Homeowners Save Energy, Cash with Tax Breaks

RISMEDIA, August 28, 2009-(MCT)-Bob Menconi enjoys his newly replaced air conditioner at his house. The A/C was replaced by a federal tax rebate. So your car isn't a clunker? And you're not buying a new home? But maybe your air-conditioning ...