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Today’s Top Story Archive


Rethinking Remodeling: Homeowners Want More Bang for Their Home-Improvement Buck

RISMEDIA, May 25, 2009-(MCT)-Fewer homeowners may be starting complete kitchen remodels, but they're still replacing countertops and re-facing cabinets. They're also investing in improvements to make their homes more energy-efficient, according to a recent home remodeling and repair report by ServiceMagic.com. Others are splurging on hot tubs and home theaters after realizing that they may be in their homes for some years to come-and want to make them as comfortable as possible.


Buyer Interest in Foreclosures Spikes, Says Survey

Harris survey shows 55% of U.S. adults would consider buying foreclosed home RISMEDIA, May 21, 2009-According to the results of a new survey from Harris Interactive, there is a notable gain in consumers' willingness to buy foreclosed properties, with 55% of U.S. adults indicating that they are at least somewhat likely to consider purchasing a foreclosed home in the future, compared to the 47% of U.S. adults who indicated the same in November 2008. The tracking survey was conducted on behalf of national real estate search engine, Trulia.com, and RealtyTrac, an online marketplace for foreclosure properties.


Housing Affordability Surges to Highest Level in 18 Years

RISMEDIA, May 20, 2009-Nationwide housing affordability jumped 10 percentage points during the first quarter of 2009 to its highest level since the series began 18 years ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). The HOI showed that 72.5% of all new and existing homes sold in the first quarter of 2009 were affordable to families earning the national median income


Distressed Properties and First-Time Home Buyers – The Recipe for Real Estate Recovery?

RISMEDIA, May 23, 2009-(MCT)-Value-conscious, first-time buyers have become key to the housing market's recovery, and they are snapping up priced-right foreclosures despite the warts-and-all, sold-as-is condition of the properties. Half of the sales made in the year's first quarter were to first-time buyers and almost half of all these sales were distressed properties, the National Association of Realtors reported. Distressed properties include foreclosures and short sales


Is the Jumbo Mortgage Market Holding Back Recovery?

RISMEDIA, May 18, 2009-Limited availability and unusually high interest rates in the jumbo loan market are adversely affecting the rest of the housing market. This is just one of the insights from recent National Association of Realtors® research on the Impact of the Jumbo Mortgage Credit Crunch, released during the Realtors Midyear Legislative Meetings & Trade Expo that took place in Washington, D.C. last week. The ongoing credit crunch in the jumbo mortgage market has stalled home sales of high-priced homes


Homeowner Confidence Shrinks – Most Americans Now Believe Their Home’s Value Has Declined

RISMEDIA, May 16, 2009-American homeowners have a solid understanding of what has happened to the values of their own homes over the past year. A majority (60%) believe their own home lost value during the past 12 months, according to the Zillow Q1 Homeowner Confidence Survey. In reality, 80% of homes across the country lost value during the past 12 months, according to Zillow's first quarter Real Estate Market Reports. Additionally, 18% believe their own home gained value in the past 12 months


Are You Maximizing Your Distressed Property Business? Expert Panel to Offer Insights Today at RISMedia’s Power Broker Forum

RISMEDIA, May 14, 2009-A panel of five sought-after real estate leaders will explore new ways for brokers and agents to maximize the distressed property business today during RISMedia's 4th Annual Power Broker Forum at NAR Midyear. Those planning to attend must be registered for the Midyear NAR conference, however no additional registration is required. This year's Forum will be held at the Marriott Wardman Park Hotel on Thursday, May 14 from 3:30-5 p.m. in Salon 3, Lobby Level.


Heading to Midyear NAR? Don’t Miss RISMedia’s Power Broker Forum on Distressed Properties

RISMEDIA, May 13, 2009-Real estate professionals who have registered to attend the Midyear NAR Conference should plan to attend RISMedia's 4th Annual Power Broker Forum and Reception, being held during the event. This year's Forum will focus on "Maximizing Distressed Property Business" and will be held Thursday, May 14 from 3:30-5 p.m. (Forum); 5-6 p.m. (Reception) at the Marriott Wardman Park Hotel in Washington, D.C.


Top 5 Invites Top Bethesda, Maryland-area Agents to Attend Distressed Properties Seminar Wednesday

RISMEDIA, May 12, 2009--Top agents in the Bethesda, Maryland area are invited to attend ‘Moving Up In a Down Market,' a free seminar presented by RISMedia's Top 5 in Real Estate Network®, on Wednesday, May 13 in at the Marriott Bethesda hotel. When and Where: Wednesday, May 13 - Bethesda, Maryland, Marriott Bethesda, 5151 Pooks Hill Road 9:30 a.m. -12:30 p.m.


Are Banks Making Short Sales a Long Process?

RISMEDIA, May 16, 2009-(MCT)-Short sales are making up a larger percentage of distressed home listings in several of the more harder hit markets around the country, such as Las Vegas, for example. And local real estate agents there say banks continue to drag their feet on approval. Although short-sale listings, or homes offered for less than the mortgage owed, have climbed steadily since January, short-sale closings declined to 7 percent of all resales in March from about 10 percent in August


How to Cut Expenses without Sacrificing Market Prowess

RISMEDIA, May 8, 2009-Sticking to a budget and getting rid of extraneous costs has never been more crucial to real estate agents than it is today. While the economy continues to force real estate professionals to cut costs, it is imperative that they look for ways to do so without sacrificing their business models. In this month's Power Broker Rountable, read how industry leaders are staying profitable while cutting costs at the same time.


Are You Ready for the Next Generation of Real Estate?

RISMEDIA, May 6, 2009-When you launch a real estate brand with a completely clean slate and enough capital to make a difference in the most challenging real estate market in over 100 years, what do you do? How do you tackle it? Couple that with the increasing sophistication of technology, moving at the speed of light, and the rise of several so-called "incubators" across the country-namely, companies that are conducting live beta tests on new real estate business models. Add to the mix a home


Maximize Your Business in Distressed Properties the Focus at Midyear Power Broker Forum

Steve Piccirilli, Assistant Vice President, Default and Retention Operations, Wells Fargo, to be featured speaker on this year's panel RISMEDIA, May 5, 2009-This month, RISMedia will hold its 4th Annual Power Broker Forum & Reception during NAR's Midyear Legislative Meetings in Washington, D.C. The focus will be on "Maximizing Distressed Property Business," and will feature several industry leaders on the discussion panel.


Toxic Assets, Toxic Titles, Toxic Times

RISMEDIA, May 4, 2009- It is tough to get everyone to agree to any one thing. The exception is that we all do agree that these are very tough times for many. Who among us does not know of someone who is jobless, financially stressed or both? Richard Abbate, partner in the lawn firm of Abbate and Nohavika, White Plains, NY, speaks with hundreds of people monthly who are in financial trouble. I sat down with Richard to talk


Learn from the Experts How to Maximize Business in Distressed Properties at Midyear Power Broker Forum

Rick Sharga, Senior Vice President, RealtyTrac to be featured speaker on this year's panel RISMEDIA, April 30, 2009-Next month, RISMedia will hold its 4th Annual Power Broker Forum & Reception during NAR's Midyear Legislative Meetings in Washington, D.C. The focus will be on "Maximizing Distressed Property Business," and will feature several industry leaders on the discussion panel. The session is open to all NAR attendees.


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