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Today’s Marketplace Archive


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. ...


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." ...


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 ...


Trending Upward? U.S. Home Prices Improve for Fourth Consecutive Month

RISMEDIA, July 29, 2009-Data through May 2009, released by Standard & Poor's for its S&P/Case-Shiller Home Price Indices, one of the leading measures of U.S. home prices, show that, although still negative, the annual rate of decline of the 10-City and 20-City Composites improved for the fourth consecutive month in 2009. ...


C.A.R. Reports June Home Sales Increased 20.1 Percent; Median Home Price Declined 26.4 Percent

RISMEDIA, July 29, 2009-Home sales increased 20.1% in June in California compared with the same period a year ago, while the median price of an existing home declined 26.4%, according to a report released by the California Association of Realtors® (C.A.R.). ...


Energy Efficient Homes Are Smart Investment for Savvy Homebuyers

RISMEDIA, July 29, 2009-In these economic times, the decision to purchase a home has become a very serious consideration, with cost of ownership in both the short and long term being in the forefront of the buyer's mind. One of the ...


State Lawmakers Dread End of Stimulus Dollars

RISMEDIA, July 29, 2009-(MCT)-Whether they welcomed or snubbed the federal economic stimulus package, state lawmakers took advantage of the bailout dollars this year to help patch their state's shaky finances. Now, as they start thinking ahead to next year's budget and the 2010 elections, lawmakers are increasingly apprehensive about what will ...


National 30-year Fixed Rate Drops Slightly; Some States See Increase

RISMEDIA, July 29, 2009-The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased slightly last week to 5.29%, up from 5.31% 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 ...


First-Time Homebuyers Have Unique Advantage in Mortgage Market

RISMEDIA, July 28, 2009-(MCT)-First-time homebuyers and those thinking about refinancing are in a great place. ...


Freddie Mac Launches Effort to Help Servicers Handle Record Demand for Home Affordable Modifications

RISMEDIA, July 28, 2009-As part of its support for President Obama's Making Home Affordable program, Freddie Mac announced an agreement with Home Retention Services, Inc., a wholly owned subsidiary of Stewart Lender Services, Inc., to help several regional servicers process thousands of additional applications for Home Affordable Modifications. ...


Fed Plans Consumer-Friendly Changes to Mortgage Rules

RISMEDIA, July 27, 2009-(MCT)-Federal Reserve governors unanimously proposed tough new consumer-friendly disclosure rules for mortgages and home equity loans last week, tackling one of the less-appreciated causes of the nation's deep financial crisis. ...


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