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Real Estate News Archive


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

RISMEDIA, June 12, 2009-This week's headlines from the NATIONAL ASSOCIATION OF REALTORS® include: June savings through Right Tools, Right Now, Lenovo offers members employee pricing on notebooks, and NAR awards $730,000 to support workforce housing. ...


Federal Homeowner Program May be Making a Dent in Foreclosures

RISMEDIA, June 12, 2009-(MCT)-Scrambling to stay current with his mortgage, Craig Vale feared he was surely headed into foreclosure this year. Then the unemployed print-shop-equipment operator heard about a new program for financially troubled homeowners. ...


Friday’s Featured Listing – The New Price of Hollywood, Reduced Prices

RISMEDIA, June 12, 2009-The silver lining of today's economic climate is that home prices have returned to levels consumers thought they'd never see again. Even some of the country's most recognized and iconic locations are not immune to this new market ...


Prudential Florida Real Estate Services Partner Receives Industry Honor

Prudential Florida Realty announces its "Family of Services Partner," Florida Home Finance Group, an affiliate of Wells Fargo Home Mortgage (FHFG) was honored with the Wells Fargo Home Mortgage Certificate of Achievement Award last month. ...


Realtors Join Business Roundtable in Calling for Renewed Focus on Housing Stabilization

RISMEDIA, June 12, 2009-In response to yesterday's announcement of the Business Roundtable's five recommendations for housing stabilization, the following is a statement by National Association of Realtors® President Charles McMillan: ...


U.S. Foreclosure Activity Decreases 6% in May

RISMEDIA, June 11, 2009-RealtyTrac®, one of the leading online marketplaces for foreclosure properties, released its May 2009 U.S. Foreclosure Market ReportTM, which shows foreclosure filings-default notices, scheduled auctions and bank repossessions-were reported on 321,480 U.S. properties during the month, a decrease of 6% from the previous month but an increase ...


Roundtable Releases Recommendations to Reinvigorate U.S. Housing Market

RISMEDIA, June 11, 2009-The Housing Working Group of Business Roundtable, an association of chief executive officers of leading U.S. corporations, announced bipartisan proposals to help return stability and growth to the U.S. housing market. ...


FHA Tax Credit Monetization Helps Home Buyers With Upfront Costs

RISMEDIA, June 11, 2009-First-time home buyers who would otherwise qualify for the $8,000 tax credit, but don't have the money for a down payment or closing fees, may now be able to get a loan to help cover those upfront costs. ...


Purchase Applications Remain Steady, Refinance Applications Continue to Fall

RISMEDIA, June 11, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending June 5, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 611.0, a decrease of 7.2% on a seasonally adjusted basis from 658.7 one week earlier. ...


Prudential Florida Real Estate Services, Rei Mesa Launches Consumer Confidence ‘Stimulus Package’

RISMEDIA, June 11, 2009-Rei Mesa, president and chief operating officer, Prudential Florida Real Estate Services recently completed his road tour themed the "Energy Bus" Road Tour for Success. The tour served as the introduction of Prudential Florida Real Estate Services Consumer Confidence "Stimulus Package," which includes the "Homebuyer Price Guarantee" ...


RE/MAX Expands Presence ‘Down Under’

RISMEDIA, June 11, 2009-RE/MAX announced that it's continuing its worldwide growth with the sale of the franchise rights for the Western Australia region. Respected real estate veteran, Geoff Baldwin, is the new regional owner. The five Geoff Baldwin Realty Group offices, and staff of 60, will merge with ...


A Distinct Advantage – Now, More Than Ever

RISMEDIA, June 10, 2009-Realogy Corporation has quickly responded and adapted to market changes in a way that most real estate companies simply aren't built to do. The distinct advantages that Realogy brings to the table have allowed its affiliates, across all ...


Regional Spotlight – NY Realtors Converge Upon Albany

RISMEDIA, June 10, 2009-Members of the New York State Association of REALTORS® gathered at the state Capitol on Tuesday to impress upon their representatives in Albany the need for property tax relief, home buying incentives and number of other pro-homeownership initiatives. ...


Are Increasing Numbers of Homeowners Withholding Their Mortgage Payments?

RISMEDIA, June 9, 2009-One of the reasons that it is hard to get a handle on the depths of the foreclosure crisis is that much of the information is hidden beneath the surface, like an iceberg. We are seeing only ...


$27.4 Billion Slashed Off Homes Currently for Sale Across America

RISMEDIA, June 9, 2009-Trulia, Inc., known for being one of the best places to start your real estate search, announced that 23.6% of current homes on the market in the United States have experienced at least one price cut, totaling $27.4 billion in reductions. The average price-reduced home has seen a ...


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