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Today’s Marketplace Archive


Recession Can’t Stop Entrepreneurial Spirit

RISMEDIA, July 8, 2009-(MCT)-In a good economy, Americans start hundreds of thousands of new businesses every year. And in a bad economy, like today's? They do pretty much the same thing. ...


Luxury Spending Likely to Drop 10 Percent for 2009

RISMEDIA, July 7, 2009-(MCT)-When do you know that the economy is on the mend? When the wealthy start spending again. And the rich aren't expected to start digging into their Birkin bags anytime soon. ...


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

RISMEDIA, July 6, 2009-This week's headlines from the NATIONAL ASSOCIATION OF REALTORS® include: a webinar series on how to increase traffic to your site from REALTOR® University, save on ZipForm® Online through NAR's REALTOR Benefits® Program, and pending home sales gain for the record fourth month in a row. ...


Appraisal Institute Calls on HUD to Rescind Mortgage Regulation

RISMEDIA, July 6, 2009-The Appraisal Institute, the nation's largest real estate appraisal association, led a coalition of four organizations and 35,000 members calling on the U.S. Department of Housing and Urban Development (HUD) to rescind regulations regarding appraisal management companies (AMCs). The coalition also sought new rules on AMCs. ...


TV Remotes to Undergo Big Change

RISMEDIA, July 3, 2009-(MCT)-In 1955, Zenith introduced the first wireless TV remote control, the Flash-Matic, followed a year later by the Space Command. ...


Confronting New Appraisal Rules, Impact on Housing

RISMEDIA, July 2, 2009-(MCT/RISMedia)-When Chad Gartzke put his three-bedroom ranch home in Wauwatosa up for sale for $196,000, one of the first people to view it liked the house so much she was willing to pay $196,500 to make sure she got it. ...


Mortgage Applications Decrease in Latest MBA Weekly Survey

RISMEDIA, July 2, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending June 26, 2009.  The Market Composite Index, a measure of mortgage loan application volume, was 444.8, a decrease of 18.9% on a seasonally adjusted basis from 548.2 one week earlier. On an ...


New LPS Division to Provide Powerful Tools, Data and Content to Real Estate Industry

RISMEDIA, July 2, 2009-Lender Processing Services, Inc., a provider of integrated technology and services to the mortgage and real estate industries, today announced the formation of the LPS Real Estate Group. The new division was created as a result of the acquisition and rebranding of the businesses comprising ...


Ultimate Homes Lists Most Expensive Houses in U.S.

RISMEDIA, September 1, 2009-A helipad, private vineyard, two bowling alleys, 341,175 square feet, 123 bedrooms, 146 bathrooms, 80-plus horse stalls and a traditional Turkish spa. This is just a sampling of what you would get if you purchased each of the 11 most expensive homes for sale in the U.S., ...


H.R. 2998 Not the Answer to a Secure Energy Future, Says NAHB

RISMEDIA, July 2, 2009-American home buyers deserve a more equitable solution than the American Clean Energy and Security Act as Congress moves to cut our nation's energy use, says the National Association of Home Builders (NAHB). ...


Mortgage Rates Drop for Second Straight Week

RISMEDIA, July 1, 2009-The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased last week to 5.48%, down from 5.58% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com®. Meanwhile, rates for 15-year fixed mortgages fell to ...


Standard & Poor’s – Pace of Home Price Declines Moderate in April

RISMEDIA, July 1, 2009-Data through April 2009, released this week by Standard & Poor's for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show that, although still negative, the annual decline of the 10-City and 20-City Composites improved. ...


Cartus’ Virtual Resource Center Helps Transferees ‘Meet’ Their New Hometowns

RISMEDIA, July 1, 2009-Cartus Corporation, a provider of global mobility management and workforce development solutions, announced an enhanced version of its Virtual Resource Center (VRC), a website that supports corporations who need to move employees from one city to another-whether in the U.S. or around the world. ...


How Long Will a Foreclosure or Bankruptcy Affect Credit?

RISMEDIA, June 30, 2009-(MCT)-Question: How long will a foreclosure or bankruptcy show up on your credit report? ...


Letting Your Voice Be Heard

RISMEDIA, June 30, 2009-"Now more than ever before, the real estate industry has become the focal point of congressional leaders," explains Ed Lawler, director, Broker Involvement Program, National Association of Realtors® (NAR). "Congress understands that economic recovery is dependent on a housing recovery, so it is looking closely at legislation that ...


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