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Today’s Marketplace Archive


Mortgage Applications Increase in Latest MBA Weekly Survey

RISMEDIA, May 7, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending May 1, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 979.7, an increase of 2.0% on a seasonally adjusted basis from 960.6 one week earlier. On an ...


LeadingRE Recruiting Up 50% in 2009

RISMEDIA, May 7, 2009-Despite market conditions, recruiting is up 50% for Leading Real Estate Companies of the World year-to-date through April, versus the same period last year, the company has announced. ...


A Promising Sign – Fed Chairman Bernanke Points to Signs of Bottom of Economy and Upward Turn

RISMEDIA, May 6, 2009-In a testimony delivered before the Joint Economic Committee, U.S. Congress in Washington, D.C., Federal Reserve Board Chairman Ben Bernanke offered his views on recent economic developments, the outlook for the economy and current condition in financial markets- most notably pointing to the evidence that the economy ...


Congress Called Upon to Reform Mortgage Market and Prevent Future Meltdowns

RISMEDIA, May 6, 2009-In testimony submitted to the U.S. House of Representatives on April 23, the American Homeowners Grassroots Alliance (AHGA) urged Congress to take steps to reform the mortgage market and prevent future meltdowns. The House Financial Services Committee hearing followed a similar hearing earlier in the week by ...


Justice Department Reaches Settlement with Consolidated Multiple Listing Service Inc.

RISMEDIA, May 6, 2009-The Department of Justice has reached a proposed settlement with Consolidated Multiple Listing Service Inc. (CMLS) that requires CMLS to change its rules to allow low-priced and innovative brokers to compete with traditional brokers in the Columbia, S.C., area. The Department said the rules caused consumers to ...


National Fair Housing Commission Honors Jack Kemp

RISMEDIA, May 6, 2009-The National Fair Housing Commission - sponsored by the Leadership Conference on Civil Rights Education Fund, Lawyers' Committee for Civil Rights Under Law, NAACP Legal Defense & Educational Fund, Inc. and the National Fair Housing Alliance released the statement below on news of the passing of the ...


Relocation.com Survey Shows Consumers Moving Further Due to Economy

RISMEDIA, May 6, 2009-Just as the Great Depression contributed to large-scale migrations from certain parts of the U.S., the current recession could be having a similar, historic effect, a new survey from Relocation.com, one of the leading online consumer resources ...


Upward Bound – Housing Affordability Conditions Cause for Rise in Pending Home Sales

RISMEDIA, May 5, 2009-Pending home sales rose with many first-time buyers taking advantage of historically good housing affordability conditions, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, ...


Calling All Sullys – It’s Time to Take Control

RISMEDIA, May 5, 2009-It is an image for the ages; people standing on the wings of a United Airways jet, floating on the Hudson River. ...


Houston Association of Realtors Offers CNHS & RCC Designation Courses

RISMEDIA, May 5, 2009-Back by popular demand, the Houston Association of Realtors® is bringing Dennis Walsh to Houston to spend five hours in a live training session to get students started on their Certified New Home SpecialistTM (CNHS) and Residential Construction CertifiedTM (RCC) designation courses. ...


Google Profiles a Must for Real Estate Agents

RISMEDIA, May 4, 2009-Google is upping the ante on Google Profiles, the service that allows you to share your personal and professional information and social media links on an easy-to-scan profile page. For real estate agents, it is time to fill one out. ...


Refinances in First Quarter Reduce Mortgage Payments by $2.5 Billion in Coming Year

RISMEDIA, May 4, 2009-In the first quarter of 2009, half of the borrowers who refinanced their loan lowered their annual mortgage interest rate by at least 20% according to Freddie Mac's quarterly Refinance Report. The median ratio of new-to-old mortgage ...


Getting to ‘Sold’ Faster – How PODS Help Move Homes Off the Market

RISMEDIA, May 4, 2009-In this market of months-long listing times, any idea that helps a home sell faster is a good one. For many real estate professionals, this means giving properties a competitive edge by having them decluttered and properly staged. ...


Weichert Relocation Survey Gauges Economy’s Impact on Workforce Mobility

RISMEDIA, May 4, 2009-Results of a recent survey by Weichert Relocation Resources Inc. (WRRI), one of the world's leading relocation and assignment management companies, offer compelling insight to the strategies today's companies are employing to more cost-effectively deploy key talent under increasingly challenging economic conditions. ...


7 Tips to Negotiate Your Way to a Mortgage Loan Modification

RISMEDIA, May 2, 2009-For some small business owners, trouble on the home front (as in home mortgage front) threatens already precarious business conditions. Home mortgages that once seemed a good source of money for the business now could result in ...


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