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Real Estate News Archive


The Eagle Has Landed, and All Is Well

RISMEDIA, August 25, 2009-Just over 40 years ago, Neil Armstrong opened the hatch of his lunar module and stepped out onto the surface of the moon. The moment was recorded and transmitted to over 600 million people around the globe who marveled at this extraordinary accomplishment. ...


Coldwell Banker Real Estate Launches International Home Search Application for iPhone and Android Devices

RISMEDIA, August 25, 2009-Coldwell Banker Real Estate LLC announced the launch of the first-ever international home search application for iPhoneTM and AndroidTM-powered devices. The Coldwell Banker Real Estate mobile application enables users to easily search for property listings and recent home sales in 28 countries in North America, Europe, ...


Prudential Florida Realty Grows Palm Beach County Presence

RISMEDIA, August 25, 2009-Prudential Florida Realty has announced its "Organic Growth" in Palm Beach County as the Sales Associates of Strategic Real Estate recently joined the company. ...


House Raffle Presents Solution to Beat Depressed Real Estate Market and Donate $500K to Charity

RISMEDIA, August 25, 2009-How does one beat the most depressed real estate market in recent history and donate $500,000 to charity?-Brad Bradley of Jackson Hole, Wyoming decided he could do both by simply raffling off his $735,000 home. The Jackson Hole, WY resident is selling raffle tickets for $100 in ...


Real Estate Social Media Policy Manual Ushers in Age of Broker e-Empowerment

RISMEDIA, August 25, 2009-"Real Estate Social Media Policies," published recently by real estate risk management authors Marcie Roggow and Frances Flynn Thorsen, is a comprehensive, 19-page manual that helps real estate brokers navigate the myriad of risk management issues posed by real estate agent participation on the Internet and ...


Regional Spotlight: First-Time Homebuyers, Move-up Buyers and Investors Create Double Digit Sales Growth in New England

RISMEDIA, August 24, 2009-Single family home sales activity in each New England state showed double digit increases in June 2009 over the previous month, according to RE/MAX of New England, an indication that the housing market is beginning to stabilize and consumer confidence has strengthened as a result of the economy, ...


Foreclosures Rise, Driven by Loss of Jobs and Income

RISMEDIA, August 24, 2009-(MCT)-Delinquency and foreclosure rates for U.S. mortgages continued to rise in the second quarter, with loans to the most qualified borrowers going bust at an unnerving clip, especially in hard-hit states such as Florida and California. ...


Now’s the Time to Reinvent Yourself and Your Business

RISMEDIA, November 16, 2009-I don't want to sound like an alarmist, but how long have we been talking about the need to make changes in the real estate business? How long have we been talking about profits shrinking? How long have we been talking about "interlopers" taking our listings and selling them ...


Cash for Clunkers Program Draws to Close

RISMEDIA, August 24, 2009-(MCT)-There has never been a better time to take $3,500 or $4,500 from the government for trading in your gas-guzzler. But come 8 p.m. EDT today (Monday, August 24), time's up. ...


Mortgage Rates Down to Lowest Level in Three Months

RISMEDIA, August 24, 2009-Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.12% with an average 0.7 point for the week ending August 20, 2009, down from last week when it averaged 5.29%. Last year at this time, the ...


Realty Executives International Awards Franchising Rights to New Jersey Brokerage

RISMEDIA, August 24, 2009-Realty Executives International, Inc. announced the office conversion of independent real estate brokerage, Real Estate Consultants, LLC, to form its newest franchise, Realty Executives Exceptional Realtors®. The newest Realty Executives franchise in New Jersey brings 140 experienced sales associates and seven branch offices to the established ...


Entry-Level Housing Affordability Reaches 67% in Second Quarter of 2009

RISMEDIA, August 22, 2009-The percentage of households that could afford to buy an entry-level home in California stood at 67% in the second quarter of 2009, compared with 49% (revised) for the same period a year ago, according to a report ...


What Are the Keys to Effective Leadership?

RISMEDIA, August 22, 2009-While the current real estate market has everyone thinking outside the box in order to come up with ways to remain successful, one thing that hasn't changed is the fact that effective leadership paves the way for a company's success. Here, Stephen E. Summer, Regional Director, Realty Executives ...


Homes in Walkable Neighborhoods Sell for More, Study Finds

RISMEDIA, August 29, 2009-(MCT)-Homes located within walking distance of amenities such as schools, parks and shopping aren't only more convenient for their owners, often they're also worth more than homes in neighborhoods where driving is the rule, according to a new study. ...


Single-Family Housing Starts and Permits Rise In July

RISMEDIA, August 22, 2009-Production and permitting of new single-family homes continued on an upward trajectory in July 2009, according to newly reported numbers from the U.S. Commerce Department. Meanwhile, substantial declines on the multifamily side dragged down the overall numbers, with combined single- and multifamily starts down 1% to a seasonally ...