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Raines gone, real estate market rocks on

By Janis Mara, Friday, December 31, 2004.

The housing market will continue unscathed despite the departure of the chief executive officer and chief financial officer of Fannie Mae, the country's largest mortgage finance company, industry figures opined.

"Personally, I don't think any one person could have that much influence. I agree with David Lereah (senior vice president of the National Association of Realtors), who says we are still in a housing boom for the next five years nationally," said Michael Godfrey, president of the Bay East Association of Realtors in Pleasanton, Calif.  more...

Relocation group opens doors to other real estate firms

By Glenn Roberts Jr., Friday, December 31, 2004.

A 31-year-old organization for relocation professionals, which formerly had membership exclusive to Century 21 franchises, has broadened its horizons by welcoming other franchises and independent companies.

The Board of Directors for International Relocation Consultants Inc., or Inrelco, voted in October to open the organization's doors to all real estate firms that maintain a relocation department.  more...

New biz models poised for growth in 2005

By Samantha Peterson, Friday, December 31, 2004.

The success of online real estate brokerage ZipRealty's initial public offering has buoyed other companies with alternative business models, boosting their optimism about prospects for 2005.

ZipRealty, a full-service brokerage that rebates part of its sales commission to home buyers and sellers, made its IPO of 4.55 million shares of common stock at $13 per share in November. Net proceeds totaled $61.3 million, higher than the company originally predicted.  more...

Yahoo! realty employee navigates home-buying process

By Inman News, Friday, December 31, 2004.
 
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