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Dec

31
2007

Help

By Bradley Inman, Monday, December 31, 2007.
Inman News writer and Coldwell Banker top producer Dian Hymer is a friend of the industry who needs our help. Suffering from cancer, she needs a bone marrow transplant. An initial run of the National Marrow Donor Program registry showed...  more...

Housing Market Decline Puts Brake Pedal on the Metal

By Glenn Roberts, Jr., Monday, December 31, 2007.
Problems in the U.S. mortgage market are meddling with the metals market, another example of the far-reaching impacts of the housing downturn, subprime mortgage meltdown and credit crunch. Bloomberg reports: "A slowdown in North America and the trouble in the...  more...

Shareholders propose settlement in MLSNI-MAP merger dispute

By Glenn Roberts, Jr., Monday, December 31, 2007.
The 10 shareholder Realtor groups that own Chicago-area Multiple Listing Service of Northern Illinois have worked out their differences in a settlement agreement that would allow a merger between MLSNI and another Chicago-area MLS (see Inman News). The settlement proposal,...  more...

Dec

21
2007

LIBOR in the coal mine

By Matt Carter, Friday, December 21, 2007.
It's that time of year -- the news media is unleashing a horde of year end/year ahead stories on the public in an attempt to digest recent history and put it into a context that sheds some light on the...  more...

California dreaming ... of a better housing market

By Glenn Roberts, Jr., Friday, December 21, 2007.
Median home-price change for new and resale homes in the six-county Southern California area in November 2007 compared to November 2006: -10.3% (DataQuick) Median home-price change for single-family, detached resale homes statewide in November 2007 compared to November 2006: -11.9%...  more...

Dec

20
2007

Subprime origination migrates to the net

By Matt Carter, Thursday, December 20, 2007.
Six percent of subprime loans were originated directly over the internet in the first half of 2007, according to a new survey of subprime lenders by the Mortgage Bankers Association. If that doesn't sound terribly impressive, consider that's a 50...  more...

New vs. Resale

By Glenn Roberts, Jr., Thursday, December 20, 2007.
Ara K. Hovnanian, president and CEO for homebuilder Hovnanian Enterprises, said this week that new homes have traditionally been priced higher than equivalent resale homes, though builders in slow-moving markets have ramped up incentives and dropped home prices to jump-start...  more...

Discussing the Merits of Real Estate Video

By Joel Burslem, Thursday, December 20, 2007.
Bloggers Connect is all about helping real estate professionals take advantage of much of the new media available to them online these days. This time around we're taking another step forward and diving into the emerging world of video and...  more...

Dec

19
2007

Spinning the Wheel of Recession

By Glenn Roberts, Jr., Wednesday, December 19, 2007.
David Seiders, chief economist for the National Association of Home Builders, forecasts a 40 percent chance that the U.S. will slump into an economic recession -- Seiders estimates Gross Domestic Product growth of 0.5 percent in the current quarter and...  more...

Foreign investment funds: vultures or St. Bernards?

By Matt Carter, Wednesday, December 19, 2007.
China -- through government-controlled China Investment Corp. -- will soon own a nearly 10 percent stake in the U.S.'s second-biggest investment bank, Morgan Stanley, thanks to $9.4 billion in writedowns on investments linked to bad mortgages. China Investment Corp --...  more...

Dec

18
2007

Zillow in the 'hood

By Glenn Roberts, Jr., Tuesday, December 18, 2007.
Online home valuation and marketing service Zillow.com today announced some site upgrades, including redesigned neighborhood information pages for 130 city areas across the country, and pop-up window details and displays of ZIP code and other geographic boundaries on the site's...  more...

Guest post: 'Because paying rent sucks!'

By elatedclients@sellsiusrealestate.com, Tuesday, December 18, 2007.
Editor's note: Inman News will be discontinuing guest posts within the Inman News blog in 2008. This is the last guest post from the Sellsius bloggers. Thanks to all our guest contributors this year. Stay tuned for exciting changes to...  more...

When a short sale isn't a short sale

By Glenn Roberts, Jr., Tuesday, December 18, 2007.
Real estate agents are complaining that some homes marketed as short-sale properties are not actually short sales. In a short sale, the lender signs off on a real estate transaction in which the sale proceeds fall short of what the...  more...

Dec

17
2007

Roots of the Subprime Disaster

By Joel Burslem, Monday, December 17, 2007.
BeetTV with John Vogel on the collapse of the subprime market - the repercussions of which, are certainly shaping up to be the major story for 2008. We are very lucky to have John Vogel speaking at Real Estate Connect...  more...

We got a housing bubble strategy

By Matt Carter, Monday, December 17, 2007.
Addressing local Rotary clubs today at a Holiday Inn in Fredericksburg, Va., President Bush said "the housing issue has changed" but "I just want to let you know we got a strategy." As Wall Street investors today expressed their skepticism...  more...
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