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Today’s Marketplace Archive


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

RISMEDIA, May 1, 2009-This week's headlines from the NATIONAL ASSOCIATION OF REALTORS? include: stop by NAR's Booth #1707 at the 2009 Midyear Legislative Meetings and Trade Expo to get the information you need; educational opportunities from NAR's REALTOR Benefits® Program; and REALTORS® support mortgage lending reform. ...


Are Commercial Mortgages the Next Real Estate Crisis?

RISMEDIA, May 1, 2009-(MCT)-Two years after fissures in the residential housing market gave way to a national collapse of home prices and sales, experts warn the next shoe to drop is the commercial real estate market, bringing more woes to the battered economy. ...


5 Advantages Move-Up Buyers Have in a Down Market

RISMEDIA, May 1, 2009-Potential home buyers who aren't eligible for the $8,000 first-time home buyer tax credit because they currently own a home actually have what could be an even bigger advantage - the opportunity to buy a new home ...


Mortgage Applications Decrease in Latest MBA Weekly Survey

RISMEDIA, May 1, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending April 24, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 960.6, a decrease of 18.1% on a seasonally adjusted basis from 1,172.2 one week earlier. On an ...


Realogy CEO Discusses How to Jump-Start the Housing Market at Milken Institute Global Conference

RISMEDIA, April 30, 2009-Richard Smith, President and CEO of Realogy Corp., took part in a panel discussion titled ‘Jump-Starting the Housing Market' at the Milken Institute 2009 Global Conference. Smith and panelists Donald Brownstein, CEO and Chief Investment Officer, Structured Portfolio Management; Ross DeVol, Director of Regional Economics and the ...


FHFA Proposes Rule to Adjust Housing Goals, Provide Credit for Loan Modifications

RISMEDIA, April 30, 2009-The Federal Housing Finance Agency (FHFA) sent a proposed rule establishing 2009 housing goals for Fannie Mae and Freddie Mac to the Federal Register for publication. Loan modifications undertaken by the GSEs consistent with the Administration's loan modification initiative would receive credit toward achievement of housing goals. ...


Appraisal Institute Urges Congress to Pass Mortgage Reform Bill

RISMEDIA, April 30, 2009-The Appraisal Institute, one of the nation's largest organizations of professional real estate appraisers, is urging Congressional representatives to pass H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009, a bill that would eliminate a number of regulatory loopholes in the mortgage lending system and ...


On the Move – Baby Boomers Take Advantage of Age-Restricted Communities

RISMEDIA, April 30, 2009-Most baby boomers, like their parents, are choosing to "age in place," but a large and growing number - more than 1.2 million households - are choosing to move to communities designed to meet their needs, according to a study released by the National Association of Home ...


Real Estate Marketing Strategies: How to Avoid the Biggest Mistake Real Estate Agents Make

RISMEDIA, April 29, 2009-"The market is so slow and I don't know where my next sale is coming from." How often have you heard someone say that when business is down and the economy is questionable? It seems logical, doesn't it, to tighten your purse strings? ...


Residential Real Estate Price Declines Slowed in February

RISMEDIA, April 29, 2009-Data through February 2009, released by Standard & Poor's for its S&P/Case-Shiller1 Home Price Indices, one of the leading measures of U.S. home prices, shows continued broad based declines in the prices of existing single family homes across the United States, with 10 of the 20 metro ...


Tips for Home Sellers Competing against Foreclosed Homes and Short Sales

RISMEDIA, April 29, 2009-With distressed sales accounting for half of all home sales, many home sellers are finding that traditional sales are competing with discounted prices offered by foreclosed properties and short sales in their local area. To help home ...


March Home Sales in CA Increased 63.8% While Median Home Prices Declined 39%

RISMEDIA, April 29, 2009-Home sales increased 63.8% in March in California compared with the same period a year ago, while the median price of an existing home declined 39%, the California Association of Realtors® (C.A.R.) reported. ...


30-Year Mortgage Rates Remain Low

RISMEDIA, April 29, 2009-The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages remained relatively steady last week. Last week's rate was 5.07%, up slightly from 5.06% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com®. Meanwhile, ...


Consumers Get Confident – The Conference Board Consumer Confidence Index Increases in April

RISMEDIA, April 29, 2009-The Conference Board Consumer Confidence Index, which had posted a slight increase in March, improved considerably in April. The Index now stands at 39.2 (1985=100), up from 26.9 in March. The Present Situation Index increased to 23.7 from 21.9 last month. The Expectations Index rose to 49.5 ...


Finding Bottom: Where the Market Will Turn Around

RISMEDIA, April 28, 2009-The end is near. When exactly, is hard to predict. It is also hard to predict what that end will look like. However, it is hard to escape the sense that some things will change forever. But ...


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