Date

May

30
2008

Where's the beef in Case-Shiller attacks?

In back-to-back Inman News columns, Bernice Ross wades into the controversy over the reporting of home price statistics.  more...

Finding Your Religion with Real Estate Searches

StopWandering.com, a Web site now in beta, allows users to real estate listings in proximity to synagogues in the United States. Another site, ShalomHome.com, offers referrals to real estate professionals who offer to guide clients to synagogues and other resources in a community.  more...

May

29
2008

Big houses and the billionaires who love them

A billionaire's planned construction of "the world's most expensive home" has soured, Forbes.com reports. Tim Blixseth, owner of The Yellowstone Club near Big Sky, Mont., had plans to build a home valued at $155 million on a 160-acre lot. That undeveloped lot -- the "superhouse" was never built -- has sold for $10 million, Forbes reports.  more...

The Texas Ratio

There's been a lot of speculation about how many banks will go under as the mortgage loans they made during the housing boom go bad -- speculation that's been spurred in part by news that the FDIC is adding staff to deal with expected bank failures.  more...

Change of plans

Some Hollywood moguls who were ready to build a $282 million movie production studio they claimed would bring 2,000 high paying jobs and "a river-like flow" of movie and television shoots to the tiny community of Plymouth, Mass. are getting an education in clearing title.  more...

May

28
2008

NOW or THEN for VOWs

Geoff Lewis, a lawyer for RE/MAX International, tells Inman News that he believes the proposed agreement to settle the DOJ vs.  more...

May

27
2008

DOJ vs. NAR settles ...

From U.S. Justice Department announcement today: "The Department of Justice announced today that it has reached a proposed settlement with the National Association of Realtors (NAR) that requires NAR to allow Internet-based residential real estate brokers to compete with traditional brokers. The Department said the settlement will enhance competition in the real estate brokerage industry, resulting in more choice, better service, and lower commission rates for consumers.  more...

May

23
2008

Foreclosures: Vultures, Voyeurs and Lawyers

The swath of blight and financial troubles carved out by a rise in foreclosures has also cleared the path for a growing cottage industry.

A production company in Florida is seeking to syndicate a reality television show starring Tom Bruzzesi, a Realtor and foreclosure investor who has bought and sold over 250 foreclosure properties in the past five years.  more...

Guess Who's Coming To Connect?

Have you seen who's coming to Connect this year?

I just took at the list of speakers and it made my head spin a bit. It's going to be a fantastic event.

Check out who's going to be there:  more...

May

22
2008

'MLS' in Web site address? Yes, no, or maybe so

There is still uncertainly in some markets on whether or not it's OK for Realtors to use the term "MLS" or "multiple listing service" in their Web site addresses. Some MLSs have passed policies banning participants from using these terms in Web addresses, company names, etc., and the National Association of Realtors board of directors has approved language for an optional policy that MLSs can adopt in restricting the use of MLS-related terms.  more...

Dinner and a house

Do you think of Yelp.com as a way to find out what people are saying about that new restaurant down the street? Yelp also wants to be thought of as a tool for finding real estate professionals..

In Silicon Valley -- which, you would think would be Yelp's dream market -- it's not really happening.  more...

RESPA reservations

HUD's Ivy Jackson, Director of the Office of RESPA, is grilled by Rep. Henry Cuellar, D-Texas, at a hearing today on HUD's RESPA reform proposal.  more...

May

21
2008

Your house, please -- and your badge, too

Foreclosure is not just about losing your house -- if you have access to classified information, you run the risk of losing your security clearance, too.

A foreclosure process on a home, as a sign of financial distress, could be viewed as a warning sign to employers of folks who work in high-security jobs, a California Realtor tells Inman News. Not a good idea to have people in financial distress working in high-security jobs, right?  more...

May

20
2008

Recruiting the 'Yutes'

As if recruiting real estate agents in a downturn weren't hard enough -- Lori Cox asks in an Inman Groups discussion how one goes about recruiting younger, Gen Y agents.

I've affectionately called them "Yutes" here because I saw a rare opportunity to quote Joe Pesci from "My Cousin Vinny" in a real estate blog post, and because it starts with "Y" - get it?  more...