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Real Estate News Archive


Move, Inc. Announces Departure of Senior Executive

RISMEDIA, February 27, 2009- Move, Inc., a leader in online real estate, announced that Lorna Borenstein, the company's current President, has decided to leave the company effective March 13, 2009. Steven Berkowitz, who was named Move's Chief Executive Officer on January 21, 2009, will assume responsibility for Borenstein's duties. ...


HUD Allocates Over 10 Billion of Recovery Act Funding – One Week After Bill Signing

RISMEDIA, February 27, 2009-The U.S. Department of Housing and Urban Development (HUD) announced that it has allocated nearly 75% of its funding, or $10.1 billion, made available through the American Recovery and Reinvestment Act of 2009. The Recovery Act includes $13.61 billion for projects and programs administered by HUD, 75% ...


Fear of Foreclosure Exposure?

RISMEDIA, February 27, 2009-(MCT)-Programs are available to help some people avoid housing foreclosure, but getting people to attend a free seminar has proven to be a challenge. For the second time, no one showed up to make use of information on offer at a scheduled foreclosure intervention seminar Monday evening ...


AmeriDream – Home Buyers Need Incentives

RISMEDIA, February 27, 2009- Today's news that January home sales declined is further evidence that Congress must provide proven incentives like downpayment assistance (DPA) in order to stabilize the housing market, according to Ann Ashburn, President of AmeriDream, Inc. The National Association of Realtors announced today that existing home sales ...


Power Broker Survey Deadline This Friday: Don’t Miss Your Chance to Rank among Leaders

RISMEDIA, February 26, 2009--The deadline for RISMedia's 21st Annual Power Broker Report & Survey-the industry's leading report ranking the nation's top brokerages-has been extended to this Friday, February 27. Inclusion in this listing of the real estate industry's "who's who" ...


Economic Stimulus Bill Raises Reverse Mortgage Loan Limit, More Older Americans Served

RISMEDIA, February 26, 2009-The Economic Stimulus Bill signed recently by President Obama expands the opportunity to benefit from a reverse mortgage to even more American seniors. The new bill will raise the HECM loan limits to 150% of the Freddie Mac ...


Is Green Building the Economy’s Bright Spot?

RISMEDIA, February 26, 2009-New studies and reports point to green building as one of the growing bright spots for the U.S. economy, according to the U.S. Green Building Council ...


Mortgage Applications Decrease in Latest MBA Weekly Survey

RISMEDIA, February 26, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending February 20, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 743.5, a decrease of 15.1% on a seasonally adjusted basis from 875.3 one week earlier. This week's ...


Consumer Confidence, Housing Prices Take Tumble This Week

RISMEDIA, February 26, 2009-(MCT)-As hopes dimmed that the nation would find a quick fix for the troubled economy, nationwide, consumer sentiment plunged to an all-time low, the Conference Board reported Tuesday. There also was a new report that home prices tumbled at a record rate nationwide last year. ...


Builder Hopes Smaller, Better Homes Will Replace McMansions

RISMEDIA, February 26, 2009-(MCT)-Many in the building industry see the housing market's troubles as a disaster. Russell Versaci sees them as an opportunity. ...


30-Year Mortgage Rates Stay Steady Despite Housing Plan News

RISMEDIA, February 25, 2009-Although President Obama announced a sweeping Homeowner Affordability and Stability Plan, the weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages remained steady last week at 5.25%, up slightly from 5.23% the week prior, according to the Zillow Mortgage Rate Monitor, compiled ...


Economy Spurs Less Demand by Renters

RISMEDIA, February 25, 2009-(MCT)-The rental market is softening, spurred by a feeble economy that has more people searching for roommates or moving home with their parents. ...


RE/MAX Raises Millions for Children’s Miracle Network

RISMEDIA, February 25, 2009-Children's Miracle Network, based in Salt Lake City, UT, announced that RE/MAX real estate agents raised more than $8 million for the charity in 2008. From the time that RE/MAX began its relationship with Children's Miracle Network in 1992, RE/MAX Associates worldwide have raised more than $93 ...


National Consumer Law Center Warns of Fewer Rights to Homeowners Thanks to Antiquated State Laws

RISMEDIA, February 25, 2009-The nationwide foreclosure surge that has driven millions of Americans from their homes has been fueled by little-discussed and poorly understood "antiquated state laws" that favor banks and other lenders and deny basic protections to homeowners. That's the main conclusion of a new report from the National ...


Chicago Agents, Don’t Miss: Top 5 in Real Estate’s Free Seminar – ‘The New Deal in Real Estate’

Learn how becoming a member of RISMedia's Top 5 in Real Estate Network can help you learn the most effective ways to differentiate yourself and master expireds, price reductions, distressed properties and more ...


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