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Real Estate News Archive


Mortgage Bankers Applaud Investigation of Builders’ RESPA Violations

RISMEDIA, April 11, 2007-The National Association of Mortgage Bankers (NAMB) applauded HUD, the FBI and other state and federal agencies for moving to protect consumers from illegal lending practices by some builders' in-house or affiliated mortgage companies. ...


Apollo Management, L.P. Completes Acquisition of Realogy Corporation

RISMEDIA, April 11, 2007-Realogy Corporation has announced the completion of its merger with an affiliate of Apollo Management, L.P. The transaction was consummated at an aggregate enterprise value of approximately $8.5 billion. ...


Rules to Limit McMansions May Squeeze Home Additions

RISMEDIA, April 10, 2007-(MCT)-A tactic being used by some municipalities to curb the building of McMansions in the Garden State could wind up hurting modest home expansions such as enlarging a kitchen or adding a bathroom. ...


Prudential Georgia Realty Named One of Prudential?s Top 50 Affiliates for 2006

RISMEDIA, April 10, 2007-Prudential Georgia Realty was recently named a recipient of the Gibraltar Circle Award, by The Prudential Real Estate Affiliates, Inc., (PREA) which recognizes the top 50 companies in the Prudential Real Estate Network, based on the company's 2006 total gross commission income (GCI). ...


Michael Saunders Presides over International Conference as Her Company Earns Several Awards

RISMEDIA, April 10, 2007-Michael Saunders, founder and president of the Sarasota, Florida based real estate company that bears her name, presided over the annual conference of Leading Real Estate Companies of the World-held recently at the Desert Springs J.W. Marriott Resort & Spa in Palm Desert, CA. Nearly ...


Realty Executives International Continues Office Growth

RISMEDIA, April 10, 2007-Realty Executives International announces the continued growth and expansion of its brand with the opening of nearly three dozen new offices so far this year. ...


Dan Forsman Named Prudential Broker of the Year

RISMEDIA, April 6, 2007-Prudential Real Estate Affiliates, Inc. has announced that it has named Dan Forsman, president and CEO of Prudential Georgia Realty in Atlanta, as its Broker of the Year. Forsman received his award at the company's recent annual sales convention held in San Diego, where nearly 6,000 real ...


Bright Outlook for Housing Market Activity Revealed; Unsold Homes Declining

RISMEDIA, April 6, 2007-Overall housing market indicators improved substantially in many areas of the country during the first quarter of 2007 despite the concern over subprime mortgage lending problems and a rise in foreclosures, according to results from the latest HouseHunt "Current Market Conditions" national survey of member agents. ...


NAR and Mayors Recognize Six Cities for Expanding Affordable Housing

RISMEDIA, April 6, 2007-The National Association of Realtors® and the United States Conference of Mayors have designated six cities as 2007 Ambassador Cities, NAR announces. NAR and the mayors' conference, through its Council on the New American City, launched the Ambassadors for Cities Program in 2004 to encourage collaborations between ...


Regional News: Florida’s ?Real Estate Effect’

RISMEDIA, April 6, 2007-(MCT)-Many South Floridians are eating out less and springing for fewer big purchases like a new car or expensive vacation. It's not just because of the increasing cost of living. Economists talk about a new cost-consciousness among consumers who had relied heavily upon their houses for their ...


Yahoo! Real Estate and RealtyTrac Launch New Foreclosure Resource Center

RISMEDIA, April 5, 2007-RealtyTrac(TM) announced a newly redesigned Yahoo! Real Estate Foreclosure Center (http://realestate.yahoo.com/Foreclosures). The new center integrates three key functions: the ability to search for foreclosures; analysis of trends in the foreclosure market; and education about buying properties in foreclosure. ...


Home Trends: Wine Cellars and Neighborhood Vineyards

RISMEDIA, April 5, 2007-Do you have a nose for wine and a need for the perfect home near your favorite winery? Perhaps, your wine collection just isn't fitting in that wine cooler anymore? Move, Inc., a media leader in connecting consumers with the when, where and how to move, has ...


Strong Start to Spring for Toronto Real Estate

RISMEDIA, April 5, 2007-Strong resale housing activity in March got the Toronto, Canada, spring market off to a healthy start, Toronto Real Estate Board President Dorothy Mason announced. A total of 8,518 transactions took place in the month, nearly on par with the 8,707 sales reported last March. ...


Luxury Home Report Reveals New Home Sales Up in 2006, Market Remains Strong

RISMEDIA, April 5, 2007-In a time when most indicators are signaling a flat residential real estate market in Las Vegas, there is one sector that continues to grow. The 2006 Luxury Home Report compiled by Coldwell Banker Premier Realty (CBPR) revealed that new luxury home sales ($1 million and above) ...


An Independent Franchise: The Avalar business model offers brokers and agents the best of both worlds

By Maria Patterson ...