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Today’s Marketplace Archive


Slowing in Market Deterioration Indicated by July New-Vehicle Retail Sales

RISMEDIA, July 25, 2009- Although new-vehicle retail sales in July are projected to decrease 19% from July 2008, this marks an improvement in year-over-year declines observed for the first half of 2009, according to J.D. Power and Associates, which gathers real-time transaction data from more than 10,000 dealerships across the United ...


Signs of Change: Existing-Home Sales Rise 3.6% in June

RISMEDIA, July 24, 2009-Existing-home sales rose for the third consecutive month with inventory easing and home prices declining less sharply in June, according to the National Association of Realtors®. ...


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

RISMEDIA, July 24, 2009-This week's headlines from the NATIONAL ASSOCIATION OF REALTORS® include: Free technology resources offered as part of the Right Tools, Right Now campaign, help your agents power-up their technical know-how with the all-new e-PRO®, and save $5 on all REALTOR® University Webinars. ...


Mortgage Insurers Work to Prevent Home Foreclosures

RISMEDIA, July 24, 2009-As unemployment and home foreclosures continue to rise and threaten the economic recovery, the mortgage insurance industry is stepping up its ongoing efforts to keep families in their homes. The industry has been at the forefront in developing systems and procedures to support the U.S. Treasury's Home Affordable ...


Regional Spotlight: Greater Philadelphia Housing Prices Decreased 6.3 Percent in First Half of 2009

RISMEDIA, July 24, 2009-Greater Philadelphia region* median home sale prices decreased 6.3% to $210,000 in the first six months of 2009, according to Prudential Fox & Roach, REALTORS'® HomExpert Market Report©. The median sale price in the first half of 2008 was $224,000. The region's median sale price decreased 7.1% compared ...


Mortgage Applications Increase in Latest MBA Weekly Survey

RISMEDIA, July 24, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending July 17, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 528.9, an increase of 2.8% on a seasonally adjusted basis from 514.4 one week earlier. On an ...


Slow and Steady – Foreclosure Process Tests Patience

RISMEDIA, July 23, 2009-(MCT)-It's not a very common question, but one that is being asked more often than not as homeowners navigate their way through today's market. The question is simple: How do you get a lender to speed up the ...


Federal Reserve Chairman Ben Bernanke Predicts Muted Economic Improvement

RISMEDIA, July 23, 2009-(MCT)-During his semiannual report to Congress earlier this week, Federal Reserve Chairman Ben S. Bernanke expressed concerns about rising unemployment and foreclosures in the coming months and also reiterated that the central bank would keep interest rates at "exceptionally low levels for an extended period." ...


Profits and the Virtual Culture

RISMEDIA, July 23, 2009-I have read at least a hundred articles over the last several years regarding the profitability of the typical brick and mortar real estate office business model. Having owned an independent real estate company with the brick and mortar business model in California years ago, and then, up ...


ZipRealty Teams with Bank of America to Improve Online Home Buying Experience

RISMEDIA, July 23, 2009-ZipRealty, the nation's ninth largest real estate brokerage, announced a new mortgage feature, provided by Bank of America Home Loans, that will help streamline the home buying process for today's busy home shopper. ...


You’re a Key Market Player-Believe It

RISMEDIA, July 22, 2009-It's tough to convey the full value of working with a licensed real estate professional, but that's just what you should be trying to do in a market like the one we're seeing. ...


Real Estate Marketing Strategies: 5 Tips to Feng Shui Your Mind and Get Your Listings Sold

RISMEDIA, July 22, 2009-In today's changing market where the predominant energy is fear, your challenge is to be extremely vigilant about what you focus on. Why is your deliberate focus more important now than ever? What are you giving attention to? If you're giving attention to what you don't want, ...


30-year Fixed Rates Inch Upward After Four Week Decline

RISMEDIA, July 22, 2009-The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased last week to 5.31%, up from 5.26% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com. Meanwhile, rates for 15-year fixed mortgages rose to ...


Signs of Stability: Housing Market Shows 12th Consecutive Monthly Decrease in Number of Listed Homes

RISMEDIA, July 21, 2009-The U.S. housing market continues to show signs of stabilization with a drop in the number of Multiple Listing Service (MLS)-listed homes for the twelfth consecutive month. The number of single family homes and condos listed for ...


Catch 22 Artificially Suppressing San Diego County Rebound

RISMEDIA, July 21, 2009-Despite a worsening local job picture with unemployment now over 10%, the real estate market in San Diego County is exhibiting signs of steadily increasing activity and price increases. But, recent government action is preventing motivated buyers with good credit from even getting their offers considered. ...