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Real Estate News Archive


Cash-for-Clunkers Program May be Suspended Just Days after Start

RISMEDIA, August 1, 2009-(MCT)-Four days after it launched, the popular cash-for-clunkers program has burned through its $950 million budget, sending the Obama administration scrambling to find additional money and avoid a shutdown of the program. ...


Real Estate Professionals: Promote Your Value Now More Than Ever

JD Power and Associates survey reveals importance of extra services increases as buyers and sellers seek value from real estate companies ...


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

RISMEDIA, July 31, 2009-This week's headlines from the NATIONAL ASSOCIATION OF REALTORS include: Articles and information offered as part of the Right Tools, Right Now campaign, marketing tools from NAR's REALTOR Benefits Program Partners, and existing-home sale are up again. ...


New Home-Appraisal Rule Brings Turmoil to Real Estate Industry

RISMEDIA, July 31, 2009-(MCT)-When David and Penny Mann decided it was time to move to a retirement community, their real estate agent told them that in this rough market, it could take months to sell their downtown San Jose Victorian. ...


Luxury Prices Continue to Fall – Owners Ask for Less and Add Perks

RISMEDIA, July 31, 2009-(MCT)-After lowering the $4.2 million asking price of their Lake Bluff estate three times and by more than $1 million, Mike and Marti Palmer flirted with the idea of trading the still-unsold custom home for something smaller. ...


Today’s Featured Listing – Peace and Tranquility Abound in Charleston

RISMEDIA, July 31, 2009-Located in Charleston, South Carolina, this home boasts over 8,500 square feet of luxury residence and presents a rare opportunity to own a fabulous residence with incredible views, parking and a guest floor, all within a newly-built package. ...


Halstead Property Hosts a ‘Week of Opportunities’

RISMEDIA, July 31, 2009-Halstead Property hosted a Week of Opportunities during the week of July 13-19. The special promotional week focused on the values and opportunities that currently exist in today's real estate market. More than 110 buyers filled the seats at the Scandinavia House to hear Halstead's Executive Team ...


Residential Real Estate a Bright Spot

RISMEDIA, July 31, 2009-The U.S. economic recession is reported as becoming less severe as the summer progresses, according to the Federal Reserve's latest Beige Book report. ...


Sun Belt Dominates First Half of 2009 Foreclosure Rankings but Unemployment-Related Foreclosures May be Spreading

RISMEDIA, July 30, 2009-RealtyTrac, one of the leading online marketplaces for foreclosure properties, released its Midyear 2009 Metropolitan Foreclosure Market Report, which shows that cities in California, Florida, Nevada and Arizona continued to document the nation's highest foreclosure rates in the first half of 2009, with those states accounting for 35 ...


Are Increasing Foreclosures Swallowing Modest Gains in Mortgage Repairs?

RISMEDIA, July 30, 2009-As the Treasury Department urges mortgage servicing companies to step up their efforts to stop foreclosures, the latest available figures show that the number of households at risk of foreclosure is seven times the number of loan modifications, ...


Top 7 Reasons Why Buying Is Better Than Renting

RISMEDIA, July 30, 2009-Christine Van Tuyl and Margaret La Grange, an award-winning mother-daughter team with Prudential California Realty in Coronado, have compiled their latest list, the "Top 7 Reasons Why it's Better to Buy then Rent in 2009." ...


Real Estate Marketing Strategies: The Top 10 Self Limiting Beliefs

RISMEDIA, July 30, 2009-Do you know the number one reason why most people fail to reach their goals? Is it the lack of skill, lack of intelligence, or lack of motivation? ...


Cash for Clunkers Program on Track to Stimulate Economy

RISMEDIA, July 30, 2009-The governments Cash for Clunkers program (C.A.R.S.) began stimulating the economy a month before the first rebate check was cut to a consumer for a new vehicle. "Manufacturers and dealers have spent millions to reach consumers who qualify for the $4,500 government funded rebates," said Sharon O'Connell. ...


Purchase Applications Hold Steady, Refinance Applications Fall in Latest MBA Weekly Survey

RISMEDIA, July 30, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending July 24, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 495.4, a decrease of 6.3% on a seasonally adjusted basis from 528.9 one week earlier. On an ...


Regional Spotlight: HMFA and DCA Welcome City of Newark to ‘Live Where You Work’ Homebuyer Program

RISMEDIA, July 30, 2009-Newark Mayor Cory A. Booker and Deputy Mayor for Economic and Housing Development Stefan Pryor joined New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Marge Della Vecchia and other Newark dignitaries yesterday to announce that Newark is the newest member of the "Live Where You ...


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