RISMedia ╗ Real Estate News


    RE/MAX Appoints New President
    Geoff Lewis, RE/MAX Executive Vice President and Chief Legal Officer has been named President upon the announcement thatáVinnie Traceyáplans to retire. Tracey assumes the title of President Emeritus until his retirement after the August Broker/Owner convention. Lewis led the RE/MAX Legal Department since joining the company in 2004 as Senior Vice President, General Counsel and […]

    Low Down Payment Drop: Share of Buyers Lands at 11-Year Low
    Those using low down payment plans dropped last year, according to recently released news from RealtyTrac, who analyzed the size of down payments on nearly 20 million purchase loans for single family homes and condos nationwide from 2004 through 2014. Results show that in 2014 the share of buyers putting down 3 percent or less […]

    NAR Broker Tip of the Month: NAR Offers Resources to Help Enhance Data Security Practices
    NAR Broker Tip of the Month?In a speech to the Federal Trade Commission on Monday, January 12, President Obama unveiled new proposals to address how consumers? personal data is handled. Among his proposals included ?The Personal Data Notification & Protection Act? which clarifies and strengthens the obligations businesses have to notify customers when their personal […]

    Study Shows Consumers Aren?t Shopping around for Mortgages
    A recently released study done by the Consumer Financial Protection Bureau (CFPB) found nearly half of Americans looking to purchase a home do not do their due diligence by shopping around for mortgage lenders. Rather, the survey found potential borrowers seriously consider only one lender, and that lender is often someone they?re already working with […]

    HomeServices of America Announces Formation of Regional Brokerage
    HomeServices of America, a Berkshire Hathaway affiliate, announced Tuesday the consolidation of Berkshire Hathaway HomeServices Northwest Real Estate (based in Seattle, WA) and Berkshire Hathaway HomeServices Northwest Real Estate (based in Portland, OR), creating a regional Pacific Northwest brokerage. Jason Waugh, current president and CEO of Berkshire Hathaway HomeServices in Portland will assume the role […]

    New Research Highlights Finance Constraints on Housing Demand
    An interesting new paper published by economists at the Federal Reserve Bank of New York demonstrates the important role downpayment and wealth constraints play in shaping housing demand, particularly for lower-income homebuyers. Using survey data, the authors (Andreas Fusteráand BasitáZafar) employ a strategy to measure housing demand impacts that contrasts with the often-used, user-cost model […]

    Your Budget: Rethink These Modern-Day ?Necessities?
    Compare your monthly expenses to those of your grandparents (maybe even your parents), and you?ll probably find that your expense list is quite a bit longer. Over the decades, more and more conveniences, habits, and gadgets have found their way into our everyday lives. And gradually we?ve accepted them as normal, even necessary. (For instance, […]

    Portal Power-Play Heats Up: Zillow to End Listing Agreement with Listhub
    There?s more news to report this week on the ongoing battle among the real estate search giants. Zillow disclosed this week in an SEC filing that its listing agreement with Listhub will end on April 7. In the filing, filed Jan. 6, Zillow revealed it will not renew its four-year listing data share agreement with […]

    News Corp Announces New Leadership at Move, Inc.
    News Corp announced Wednesday that Ryan O?Hara will become Chief Executive Officer of Move, effective January 5, 2015. O?Hara will replace CEO Steven Berkowitz, who has led the company since January 2009. News Corp acquired Move, a leading provider of online real estate services, including realtor.com«, last month. ?We are excited to have secured Ryan […]

    Start Me Up! A Profile of RentalRoost
    A few years ago, I wrote a post on Econsultancy detailing my escalating frustration with property websites and agents when looking for a place to live. So I was particularly pleased to hear about RentalRoost, a U.S. company aiming to disrupt the property market and place more power in the hands of the buyer. We […]

    Stock of Residential AD&C Loans Up 17 Percent over Last Four Quarters
    One factor holding back a stronger rebound in home construction has been the tight availability of acquisition, development and construction (AD&C) loans. However, the stock of residential AD&C loans outstanding has been on the rise, posting a 17 percent gain since theáthird quarter of 2013. According to data from the FDIC and NAHB analysis, the […]

    Staying Ahead of the Burbank Market with Maximum Exposure and Up-to-Date, Accurate Listings
    Brad Korb, broker/owner of The Brad Korb Real Estate Group in Burbank, Calif., uses Zillow to stay on top in his local market. As both a Zillow Premier Agent and a Zillow Pro for Brokers partner, Korb?s agents benefit from immense exposure in the Burbank area and up-to-date, accurate listings. In the following interview, Korb […]

    Share of First-Time Buyers Falls to Lowest Point in 27 Years
    Despite an improving job market and low interest rates, the share of first-time buyers fell to its lowest point in nearly three decades and is preventing a healthier housing market from reaching its full potential, according to an annual survey released recently by the National Association of REALTORS®. The survey additionally found that an overwhelming […]

    Pending Home Sales Hold Steady in September
    Pending home sales rose slightly in September and are now above year-over-year levels for the first time in 11 months, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, inchedá 0.3 percent to 105.0 in September from 104.7 in August, and is now 1.0 percent […]

    Relocation: From ?Once Was? to ?Now Is?
    Kevin Kelleher, president and CEO of Cartus, addressed RISMedia?s Real Estate CEO Exchange in New York City on September 10, 2014. He has led Cartus throughout its growth and transformation from a predominantly U.S.-centric relocation firm into a global market leader in related HR and financial services. He spoke about corporate trends in employee mobility […]

    Existing-Home Sales Rise 2.4% in September
    After a modest decline last month, existing-home sales bounced back in September to their highest annual pace of the year, according to the National Association of Realtors®. All major regions except for the Midwest experienced gains in September. Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 2.4 […]

    Mortgage Rates Hit New 2014 Lows
    Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates hitting new lows for the year as 10-year bond yields briefly dipped below 2 percent. At 3.97 percent the average 30-year fixed rate is at its lowest level since the week of June 20, 2013 when it […]

    6 Ways to Rock Your Real Estate Speaking Event
    Whether you’re simply speaking at an open house, addressing your entire company or taking over a panel, below are six ways to really rock your public speaking?and don’t worry, I’m not going to tell you to picture anyone in their Underoos. First, create a speech map. Instead of (or in addition to) writing everything down […]

    Financial Literacy an Essential Life Skill for Young People
    (MCT)?To improve financial literacy, you have to reach children at an early age so they can establish a strong foundation. Texas is off to a good start. Starting with the current school year, students from kindergarten through eighth grade are required to take financial literacy lessons in their math classes. And high school seniors get […]

    RE/MAX Named a Leading Global Franchise
    For the second consecutive year, RE/MAX, LLC has received the highest global ranking among real estate franchises by Entrepreneur magazine. Appearing in the October edition, Entrepreneur?s annual global rankings of U.S.-based franchises placed RE/MAX highest among real estate brokerage franchises for 2014, and 39th overall. 7-Eleven and Pizza Hut headed up the list. ?The Entrepreneur […]