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Today’s Marketplace Archive


10 Ways to Make a Foreclosure as Resalable as Possible…as Soon as Possible

RISMEDIA, June 9, 2009-While the real estate market continues to correct, buyers are confronted with an increasing number of opportunities. And for those Realtors who see it, there is opportunity for them as well-as long as they are prepared to do ...


Playing House for the First Time – Priorities for New Homeowners

RISMEDIA, June 8, 2009-(MCT)-Home prices have moderated, interest rates are reasonable, supply is abundant-and then there's that $8,000 tax credit. Yes, it's a great time to buy your first house. ...


Mortgage Rates Move Higher

RISMEDIA, June 8, 2009-Mortgage rates soared higher last week, with the average 30-year fixed mortgage rate rising to 5.65 percent. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.44 discount and origination points. ...


Florida Officials Consider Used Foreclosed Homes Emergency Housing

RISMEDIA, June 5, 2009-(MCT)-If a major hurricane strikes Florida, authorities may take advantage of the foreclosure crisis to place displaced residents in vacant homes seized by banks. ...


Investors Watch Builders for Housing Hints

RISMEDIA, June 5, 2009-(MCT)-Markets will be focused on quarterly results from a pair of the nation's largest home builders this week to check the pulse of the key selling season that traditionally plays out during the warm months. ...


First-time Home Buyers Grabbing Houses and Tax Credit

RISMEDIA, June 4, 2009-(MCT)-Generation Y is getting jazzed about a new $8,000 federal tax credit for first-time home buyers-jumping at the opportunity to move up and out of their rentals. ...


In Wake of Foreclosures, Mosquitoes Pose Serious Issues

RISMEDIA, June 4, 2009-Although national consumer confidence has risen in recent months, the recession is still significantly affecting homeowners. RealtyTrac reported in April 2009 that national home foreclosures were up 32% over just one year ago. More, according to CNN, Nevada, Florida, California and Arizona continue to lead the nation ...


Mortgage Rates Surge Late Last Week; 30-Year Fixed Rates Peak Near 5.40% But Fall Over Weekend

RISMEDIA, June 3, 2009-The weekly average mortgage rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased last week to 5.25%, up from 5.02% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com(R). Meanwhile, rates for ...


Global Demographics 2009- Shaping Real Estate’s Future, a Closer Look

RISMEDIA, June 3, 2009-The long-term land use implications posed by population growth, urbanization, aging, and migration are examined in Global Demographics 2009: Shaping Real Estate's Future, a new publication from the Urban Land Institute. ...


BREAKING NEWS – Pending Home Sales Up for Three Months in a Row

RISMEDIA, June 2, 2009-Record low mortgage interest rates boosted pending home sales for the third consecutive month, with some benefit now from the first-time buyer tax credit, according to the National Association of Realtors®.


Economic Sentiment Indicator Rises Slightly in May – But What’s Ahead?

RISMEDIA, June 2, 2009-The Dow Jones Economic Sentiment Indicator (ESI) continued a trend of modest improvement in May rising to 29, up from 27.6 in April. ...


Tax Credit, Low Interest, and Big Inventory Lure Rookies into Housing Market

RISMEDIA, June 2, 2009-(MCT)-Even in a sputtering economy, one segment of the U.S. housing market is feeling a bounce. First-time home buyers-loaded for bear with a new $8,000 tax credit, historically low interest rates and a big inventory to choose ...


A Positive Step for a Healing Economy – Online Job Demand Up 250,000 in May

RISMEDIA, June 2, 2009-Online advertised vacancies rose 250,000 to 3,367,000 in May, according to The Conference Board Help-Wanted Online Data Series (HWOL)(TM) released this week. The May gain was the first since the modest gain of 21,000 in October 2008, and the largest since October 2006. Even with this month's ...


Delinquencies, Foreclosure Inventories Continue to Rise

RISMEDIA, June 2, 2009-Lender Processing Services, Inc., a leading provider of integrated technology and services to the mortgage industry, announced its release of the May 2009 LPS Mortgage Monitor, an in-depth report of mortgage industry performance indicators based on data collected as of April 30, 2009. ...


Recovery Act’s Homebuyer Tax Credit Can Immediately Help Thousands of First-Time Homebuyers

RISMEDIA, June 1, 2009-Speaking to the National Association of Home Builders Spring Board of Directors Meeting, U.S. Housing and Urban Development Secretary Shaun Donovan announced that the Federal Housing Administration (FHA) will allow homebuyers to apply the Obama Administration's new $8,000 first-time homebuyer tax credit toward the purchase costs of ...


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