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Real Estate News Archive


New ‘Recession-Proof’ Franchise Attracting Brokers

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Realogy CEO Richard A. Smith Joins the Business Roundtable and its Corporate Leadership Initiative

RISMEDIA, March 18, 2009-Realogy Corporation, a global provider of real estate and relocation services, announced that President and Chief Executive Officer Richard A. Smith has joined The Business Roundtable, an association of chief executive officers of leading U.S. companies with more than $5 trillion in annual revenues and nearly 10 ...


Builder Confidence Remains Unchanged in March

RISMEDIA, March 18, 2009-Builder confidence in the market for newly built single-family homes remained unchanged in March as economic woes continued to take their toll on potential buyers, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI held steady at 9 in March, ...


Fed Chairman Believes Recession Will End by Year End

Ben Bernanke sits down for rare interview with CBSNews' 60 Minutes, discusses, banks, unemployment, American's frustrations over bailout money, and how we will avoid the next Great Depression ...


DTI Ratios: What Homeowners Need to Know

RISMEDIA, March 17, 2009-Ask homeowners about their DTI (debt-to-income) ratios, and they're likely to respond with something like, "My what ratios?!" However, when distressed homeowners are sizing up their foreclosure options, they need to brush up on DTI ratios. Lenders will be scrutinizing these ratios to determine homeowner eligibility for ...


All This Talk about ‘Green’…It’s Enough to Turn ‘Ye Puce

RISMEDIA, March 17, 2009-You can bet that in the next few months someone will chastise you for not being "green" enough. It is the current day equivalent of the anti-littering campaign that succeeded in stopping most Americans from throwing their trash out of the car windows while driving...at least when ...


Hammond Residential GMAC Real Estate Acquired by Local Real Estate Industry Veteran Saul Cohen

RISMEDIA, March 17, 2009-Hammond Residential GMAC Real Estate, a Massachusetts residential real estate firm, has been sold to local real estate industry veteran Saul B. Cohen. As a result, Cohen is buying back the firm he started in 1991 and later sold to GMAC Home Services in 2001. ...


Freddie Mac Launches REO Rental Initiative for Tenants, Owner-Occupants after Foreclosure

RISMEDIA, March 17, 2009-Freddie Mac (NYSE: FRE) launched its new REO Rental Initiative giving qualified tenants and former owners the option to lease their recently foreclosed properties on a month-to-month basis. The REO Rental Initiative will be managed by HomeSteps®, Freddie Mac's national real estate unit, and implemented through several ...


New York Law School’s Center for Real Estate Studies Holds Forum with Panel of Experts

RISMEDIA, March 17, 2009-The Center for Real Estate Studies at New York Law School will hold a breakfast forum on "Real Estate Workouts in a Securitized World," which will explore the problems faced by borrowers and lenders with the state of today's economy, on Wednesday, March 18 at 8:15 a.m. ...


To Bail or Not to Bail? What You Should Know about the Stock Market

RISMEDIA, March 17, 2009-(MCT)-Even with its strong rally last week, the stock market's steady drop this year has prompted more investors to fold up their tents and walk away. ...


Realtors Recommend Responsible Lending Practices

RISMEDIA, March 17, 2009-In a testimony delivered to the House Financial Services Committee's Subcommittee on Financial Institutions and Consumer Credit, National Association of Realtors® President Charles McMillan states that Realtors® care about protecting consumers from unfair lending practices and are important allies in those efforts. ...


Recession Got You Down? Don’t React – Act!

RISMEDIA, March 17, 2009-It's not uncommon for the typical cube-land employee to feel like a pinball, being bounced around from setback to setback. ...


Credit Markets and Economy Add Pressure to Commercial Mortgage Performance

RISMEDIA, March 17, 2009-The weakening economy and continued credit crunch contributed to increases in commercial/multifamily mortgage delinquencies during the fourth quarter of 2008, according to the Commercial/Multifamily Delinquency Report from the Mortgage Bankers Association (MBA). ...


Rental Site Partners with Twitter Giving Renters Something to Tweet About

RISMEDIA, March 14, 2009-Social networking sites are constantly being integrated with the real estate industry, giving prospective home buyers the chance to search the Internet in the manner most comfortable to them when looking for a home. ...


HUD Awards $12 Million in Grants to Bring Jobs, Economic Independence to Public Housing Residents

RISMEDIA, March 16, 2009-The U.S. Department of Housing and Urban Development (HUD) awarded nearly $12 million in grants to 207 public housing agencies across the U.S. to help public housing residents find jobs that lead them toward economic independence. ...