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Today’s Top Story Archive


What Will it Take for the Market to Rebound in 2009?

RISMEDIA, April 8, 2009-If "rebound" means getting back to the sales levels and home values experienced just a few years ago, then the answer to the question: What will it take for the market to rebound in 2009? is "nothing," which is not necessarily bad. If the definition of rebound implies simply returning to sales volumes and prices more in line with historical norms and growth patterns (normalcy), the situation is not nearly as bleak as daily headlines lead many to believe. For a rebound to occur, growth in existing home sales will need to occur.


Free Seminar Tomorrow Offers New Approach to Expireds, Distressed Properties and Price Reductions

RISMEDIA, April 7, 2009-Top agents in the Fairfield County, Connecticut area still have time to attend ‘Moving Up In a Down Market,' a free seminar presented by RISMedia's Top 5 in Real Estate Network®, on Wedsnesday, April 8 in Stamford, CT. When and Where: Wednesday, April 8 - Stamford, CT Marriott Stamford Hotel & Spa 243 Tresser Blvd. 9:30 a.m. -12:30 p.m.


Agents, Are You Heading for Success or Failure?

CT and NY agents should not miss ‘Moving Up In a Down Market' seminar this week RISMEDIA, April 6, 2009-Top agents in the Fairfield County, Connecticut area still have time to attend ‘Moving Up In a Down Market,' a free seminar presented by RISMedia's Top 5 in Real Estate Network®, on Wedsnesday, April 8 in Stamford, CT. When and Where: Wednesday, April 8 - Stamford, CT


Is FHA the Key to the Housing Rebound?

RISMEDIA, April 4, 2009-The Federal Housing Administration (FHA) is a primary source of mortgage financing for millions of America's families and plays a key role in helping bring stability to the housing market. This is the message that the National Association of Realtors® (NAR) recently delivered to the Senate Appropriations Subcommittee. "Without FHA financing, families would be unable to purchase homes and communities would suffer from continued foreclosures and blight," said Lennox Scott, a member of NAR's Real Estate Advisory Board and CEO of John L. Scott Real Estate in Bellevue, Washington.


Realogy Mourns the Loss of Brenda W. Casserly, President & CEO Of ERA Franchise Systems LLC

RISMEDIA, April 2, 2009-Realogy Corporation, a global provider of real estate and relocation services, mourns the loss of Brenda W. Casserly, president and CEO of ERA Franchise Systems LLC. Casserly passed away early yesterday morning after a long and brave battle with cancer.


The 2009 Power Broker Report – Power Brokers Stay Strong and Help Mend the Market

RISMEDIA, April 4, 2009-There's no question that by the time 2008 ended, the world was a different place. The economic decline of the fourth quarter brought with it more challenges than probably anyone could have predicted. However, with the bad comes the strong. This year's Power Broker Survey results demonstrate that even in the worst economy since Eisenhower, basic fundamentals and a strong will are more powerful than ever. There's no denying the tough road ahead, but there are brokers who are preparing


The New Norm – Americans Expect Their New ‘Normal’ Spending Levels to Be 86% of Pre-Recession Levels

RISMEDIA, March 31, 2009-While the economy is struggling to get through what could become the worst recession since the Great Depression, Americans say that even after the recession ends, their spending will return to just 86% of pre-recession levels, which equates to an approximate 10% drop, or more than $1 trillion annually, in GDP (gross domestic product). Americans also say that this new, lower level of spending is structural and could last for nearly a decade after the recession ends. These findings are based on an in-depth economic survey of more than 5,000 Americans released by AlixPartners LLP, the global business-advisory firm.


What You Need to Know Before Working with Foreclosures

RISMEDIA, March 30, 2009-There are legions of agents who seem to think that they will have discovered the proverbial pot o' gold if they are fortunate enough to have a bank or banks hand them their asset recovery properties to sell. This is definitely a case where one should be careful what they wish will happen. While many properties have been foreclosed and will be hitting markets in droves (depending where you work,) carrying the process from acquisition through to closing is no easy task. From a personal perspective of one who managed departments


Upbeat Economic Indicators Give Americans Hope That Worst May be Over

RISMEDIA, March 28, 2009-(MCT)-A run of encouraging economic reports that have recently been released may mean the worst, panic-inducing stage of the economic downturn is over. Emphasis on the word may. "I think there are signs of economic life," Mark Zandi, chief economist at Moody's Economy.com in West Chester, PA, said. "The downturn is no longer intensifying, and the clearest evidence of this can be found in the retail sector as retail sales have turned since the beginning of the year," Zandi said.


Moving Up In a Down Market: Free Seminar to Offer New Strategies for Working with Expireds, Short Sales, REO and More

RISMEDIA, March 26, 2009-Even top-producing agents are facing tough challenges to keep their business successful in today's struggling economy and housing market. RISMedia's Top 5 in Real Estate Network offers the industry's best agents a new approach to staying profitable, reaching new heights in business and differentiating themselves among the masses through its exclusive business system focusing on new strategies for mastering expireds, short sales, REO properties, FSBOs and more.


Top Producers: Are You Heading for Success or Failure?

Free Top 5 in Real Estate seminar tomorrow will explore new methods to work with expireds, FSBOs, short sales and REO markets RISMEDIA, March 25, 2009-Top agents in the New Jersey area still have time to attend ‘Moving Up In a Down Market,' a free seminar presented by RISMedia's Top 5 in Real Estate Network®, tomorrow, Thursday, March 26 in Parsippany.


Top 5 Hits the Garden State: New Jersey Agents Should Not Miss ‘Moving Up In a Down Market’ Seminar This Week

RISMEDIA, March 24, 2009-Top agents in the New Jersey area still have time to attend ‘Moving Up In a Down Market,' a free seminar presented by RISMedia's Top 5 in Real Estate Network®, on Wedsnesday, March 25 in New Brunswick and Thursday, March 26 in Parsippany. When and Where: Wednesday, March 25 - New Brunswick, NJ Hyatt Regency New Brunswick 2 Albany Street 9:30 a.m. -12:30 p.m.


Mortgage Rates Dip in Response to Fed’s Decision to Buy Treasury Bonds and Mortgage Securities

RISMEDIA, March 23, 2009-(MCT)-Mortgage rates are again dropping to near-record lows - below 5% - in the wake of the Federal Reserve's decision to buy up Treasury bonds and mortgage securities. Lower rates may help spur home sales, but analysts expect much of the action to come from homeowners who are looking to refinance, but mortgage experts caution that many homeowners are bound to be disappointed.


Fed Takes Action to Bolster Lending

RISMEDIA, March 20, 2009-(MCT)-The Federal Reserve escalated its war on the nation's credit crisis, announcing that it would more than double the amount of money it will spend in the coming year in an aggressive effort to force down interest rates on mortgages - perhaps by as much as one percentage point - as well as other business and consumer loans. The move, which cheered the markets, is designed to keep money flowing through the economy's clogged credit arteries to foster economic recovery.


Small Businesses to Benefit as Credit Lines are Loosened

RISMEDIA, March 19, 2009-(MCT)-As the economy continues to suffer and jobs are lost and business owners continually push to keep things moving forward so they are in the right place at the right time when the market turns, President Barack Obama is doing his job to help small businesses get on the right track. Working to jumpstart the economy's engine of job creation, Obama announced that the Treasury Department would spend up to $15 billion to boost lending to credit-hungry small businesses.


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