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Social networking pays off Premium Content

By Bernice Ross, Thursday, June 26, 2008.

(This is Part 1 of a two-part series.)

Social networking may soon overtake virtually every other source as being the most important strategy for lead generation. Have you incorporated this powerful tool into your business?  more...

Speed of price correction is 'almost unprecedented' Premium Content

By Glenn Roberts Jr., Thursday, June 26, 2008.
Related Podcast/Video: 
USC economist looks ahead to 2009

SAN FRANCISCO -- The bad news: It's "almost unprecedented" that home prices are falling "this swiftly and this steeply in this short period of time" in some California market areas.

That's according to Delores A. Conway, director of the Casden Real Estate Economics Forecast at the University of Southern California Lusk Center for Real Estate, who spoke Thursday during an economic and housing forecast presentation at PCBC, an annual builders' conference.

Prices have fallen about 30 percent in the past two years in some market areas in the state, she said.  more...

Some remodels endure endless inspections

By Paul Bianchina, Thursday, June 26, 2008.

If you're thinking of doing some improvements on your home, especially extensive ones, chances are you'll need a building permit. So you head down to your local building department, fill out an application and provide whatever information they require, and a short time later you have your permit.

Once you have your permit, it's important to understand how the inspection process works, and what you need to do to be ready for it. Knowing when different inspections are required and what the inspectors are going to be looking for will help everything go much more smoothly.  more...

Prudential partners with Cyberhomes, Google Base

By Inman News, Thursday, June 26, 2008.

Citing their popularity with consumers, Prudential Real Estate Affiliates Inc. said it's begun sending listings to Cyberhomes, AOL.com, Google Base and Oodle, and will purchase display and banner ads on Cyberhomes and Oodle. Prudential Real Estate, which claims more than 2,100 franchise offices and 64,000 sales professionals, said it kicked off the new partnerships today by sending 140,000 for-sale property listings to the sites.  more...

Market's 'mania' and 'bulimia' revealed

By Inman News, Thursday, June 26, 2008.

SAN FRANCISCO -- Gary Hamel, a strategist on management practices who has consulted with major U.S. companies, described "bankers' bulimia" as he summed up the contributing factors to the housing slump and credit crunch.

"Bankers are as susceptible to manias as Japanese teenage girls," said Hamel, as he displayed an image of youths wearing wildly colored, mismatched socks.  more...

30-year loans still cheaper than a year ago Premium Content

By Inman News, Thursday, June 26, 2008.

Fixed rates stable, ARM rates up on Fed uncertainty  more...

Buy smart at real estate auction

By Tara-Nicholle Nelson, Thursday, June 26, 2008.

Q: I want to buy a house at auction. Do you have any advice?

A: In days of old, like before 2005, most real estate auctions were trustee sales that took place before a home was repossessed. We Realtors had a standard set of admonishments we used to make about those auctions: You might get a deal, but you have to pay in cash and in full; you'll have no opportunity to have inspections; you may have to evict the former owners; and you could end up buying a place with a bunch of liens and other mortgages on it. These typical trustee sale characteristics barred all but the hardiest of cash-flush investors from participating.  more...

When mortgage is sold, payment confusion begins

By Benny Kass, Thursday, June 26, 2008.

Q: We refinanced our home loan in March with an online mortgage lender. Within a couple of weeks, we received a letter from another mortgage company advising us that our May payment was to be made to them. A May payment invoice was included. I contacted the original lender and was told that the loan was not sold. They said if and when that happens, we would receive a "goodbye letter," which has not arrived. We now have May payment invoices from both lenders, and only two weeks to go until the first payment is due.  more...

Redfin takes Chicago

By Inman News, Thursday, June 26, 2008.

Redfin Corp., a real estate company that offers deep discounts to real estate buyers in the form of rebates and flat-fee services for sellers, announced today that it has expanded brokerage services to the Chicago area and added property-search capabilities for about 100 counties.  more...

 
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