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Real Estate News Archive


Brian Hurley Named President & COO of New Vista Asset Management

RISMEDIA, September 2, 2009—Brian Hurley, former president of Stewart Title of California, has been named president and chief operating officer of San Diego-based New Vista Asset Management. In his new role, Hurley will run day-to-day operations for the firm and its national network of 400 multicultural real estate brokers, in ...


Zillow.com and Seattlepi.com Launch Co-Branded Real Estate Website

RISMEDIA, September 2, 2009—Real estate website Zillow.com and leading news and information destination, seattlepi.com—read by more than 3.7 million people in the Seattle area and around the world every month— announced the launch of a co-branded real estate website, powered by Zillow.  ...


Dow Jones Economic Sentiment Indicator Rises for Sixth Consecutive Month

RISMEDIA, September 1, 2009—The Dow Jones Economic Sentiment Indicator (ESI) reached its highest level in a year rising to 35.5 in August, the sixth consecutive monthly increase. The ESI's continued improvement lends guarded support to the growing view that the U.S. economy may be moving out of recession and into a ...


New Credit Scoring Model May Boost Some Borrowers’ Scores

RISMEDIA, September 1, 2009—(MCT)-Even the most responsible borrowers slip up sometimes. Maybe a utility bill went unpaid after you moved and the missed payment went into collections. Or, perhaps there are unpaid library fines or parking tickets ...


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 ...


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