Home
Join Inman News!
  • Sign In
  • Shopping Cart
  • Home
  • News
  • Video
  • Blog
  • Community
  • Opinion
  • Columnists
  • Conferences
  • Store
  • About Us

News

  • Free Daily Headlines
  • RSS Feeds
  • Syndication
Home
Date
  • All
  • 2004
  • 2005
  • 2006
  • 2007
  • 2008
  • 2009
Type
  • All
  • Columnist Article
  • Inman Blog Entry
  • Inman Event
  • News Story

Real estate's bright, not-so-bright ideas

By The Real Deal, Wednesday, November 4, 2009.

NEW YORK -- This city's real estate market is at something of a crossroad. For more than a year now, the industry has been dealing with the fallout from Wall Street and the credit crisis, leaving brokers, developers, city officials and everyone in between groping for strategies to keep financially afloat. While it's hard to fault real estate professionals for throwing any ideas they have at the problem to see which ones stick, some of those approaches have worked better than others. This month, The Real Deal dissected some of the biggest policies and proposals that are being used -- or considered -- to help shore up the industry.

The goal was to see which ideas have helped get the market moving, and which have fallen flat, and to examine how much promise the ideas being bandied about now have.  more...

Fed keeps lid on short-term rates

By Inman News, Wednesday, November 4, 2009.

The Federal Reserve will keep its target rate for the federal funds overnight rate at zero to 0.25 percent, and continues to expect that economic conditions are likely to warrant "exceptionally low levels of the federal funds rate for an extended period."

The Federal Open Market Committee, in announcing the decision to keep the key short-term rate unchanged, said activity in the housing sector has increased over recent months. While household spending appears to be expanding, it remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit.  more...

Demand for refis surges

By Inman News, Wednesday, November 4, 2009.

Applications for mortgage were up a seasonally adjusted 8.2 percent last week, even though demand for purchase loans sagged, the Mortgage Bankers Association said in releasing the results of its Weekly Mortgage Applications Survey.

Requests for purchase loans were down a seasonally adjusted 1.8 percent from one week earlier for the week ending Oct. 30, the MBA said. The decrease was more than offset by a 14.5 percent increase in applications for refinancings, which accounted for 66.1 percent of all loan requests.  more...

BHG Real Estate offers iPhone app

By Inman News, Wednesday, November 4, 2009.
BHG's iPhone app, Home Selection Assistant

Better Homes and Gardens Real Estate LLC is offering an iPhone application that detects the user's location when they snap photos on home tours and automatically provides them with more information about the home and its surrounding neighborhood.

The iPhone app, Home Selection Assistant, also allows users to put together photo albums for each room in homes they are interested in, creating searchable content that can be synced with iTunes for access on a home computer or shared on Facebook or via e-mail, the company said in a press release.  more...

ZipRealty narrows losses

By Inman News, Wednesday, November 4, 2009.

ZipRealty Inc. edged closer to profitability during the third quarter, as transactions grew 30.6 percent and revenue by 12.8 percent from a year ago, the company said.

The Emeryville, Calif.-based brokerage's $779,000 net loss for the quarter ending Sept. 30 was less than half the $1.69 million loss for the same period a year ago.  more...

6 MLSs agree to share data

By Inman News, Tuesday, November 3, 2009.

The six largest multiple listing services in North Carolina have joined forces in a data-sharing project that allows participants of any of the MLSs to display data from all six MLSs on a broker or agent Web site.

Dubbed Carolina Data Share, the initial members include: Brunswick County Association of Realtors, Carolina Multiple Listing Services Inc., North Carolina Mountains MLS, Triad MLS Inc., Triangle MLS Inc., and Wilmington Association of Realtors.  more...

House leader: Tax credit a go

By Inman News, Tuesday, November 3, 2009.

House Majority Leader Steny Hoyer says he expects his colleagues will support legislation now moving through the Senate to extend and expand the first-time homebuyer tax credit currently scheduled to expire at the end of this month.

The Senate on Monday voted 85-2 to place limits on further debate of HR 3548, a bill extending unemployment benefits that includes an amendment that would allow homebuyers to claim the credit on sales under contract before May 1. The vote to invoke cloture moves HR 3548 closer to a final vote in the Senate as early as today.  more...

Move restating $3.7M in expenses

By Inman News, Tuesday, November 3, 2009.

Realtor.com operator Move Inc. disclosed Monday that an error in a software program caused it to underestimate by $3.7 million the cost of providing stock-based compensation to its employees from the beginning of 2006 through June 30, 2009.

The programming glitch -- which involved eroneous assumptions about whether an employee's stock options would vest or be forfeited -- had no impact on cash from operations, the company said.  more...

Stuart Wolff trial postponed to 2010

By Matt Carter, Monday, November 2, 2009.

The retrial of Stuart Wolff, former Homestore.com founder, chairman and chief executive officer, has been postponed until next year as prosecutors investigate allegations by his defense team that evidence in the case was modified or destroyed by Homestore's accounting firm.

Wolff's lawyers say the government's case against him turns on allegations that "Wolff and others engaged in a conspiracy to actively conceal financial records and information" from accounting firm PricewaterhouseCoopers.  more...

Pending sales rise for 8th month

By Inman News, Monday, November 2, 2009.

A trade group's index gauging pending sales of resale homes rose for the eighth straight month in September and was up 21.2 percent compared to the same month last year.

The National Association of Realtors reported that the index rose 6.1 percent from August to September, reaching 110.1 -- an index score of 100 is equal to the average level of sales contract activity in 2001, which was the first year to be examined for the index.

The index for all of 2008 was 87.1; in 2007 it was 96.3, and in 2006 it stood at 111.9.  more...

FTC orders MLS to publish listings

By Matt Carter, Monday, November 2, 2009.

Realcomp II MLS, a Detroit-area multiple listing service that ultimately stood alone in challenging the government's position that MLSs are breaking the law if they refuse to transmit "exclusive agency" property listings favored by discount brokers to public Web sites, has been ordered to reverse its policy.

In a unanimous 4-0 decision, the Federal Trade Commission (FTC) found that Realcomp II's Web site policy and related requirements impose a "significant impediment" to consumer access to listings represented by limited-service brokers, helping protect full-service brokers' commissions from competition.  more...

Vote on tax credit expected this week

By Inman News, Monday, November 2, 2009.

Congress has approved a one-year extension of higher loan limits for mortgages backed by the Federal Housing Administration, Fannie Mae or Freddie Mac, and an amendment that would extend the first-time homebuyer tax credit has been incorporated into a Senate bill to prolong unemployment benefits.

A procedural vote on the unemployment benefit legislation, HR 3548, is expected today, Congressional Quarterly reported, with final passage by the end of the week.  more...

A tale of 2 real estate 'tweeters'

By Mary Umberger, Monday, November 2, 2009.
Kelly Mitchell and Kevin Cottrell

This is a tale of two Tweeters. They're tackling the microblogging phenomenon in ways that are polar opposites -- and are equally convinced that it's a great way to build their real estate businesses.

Kelly Mitchell is a Honolulu agent who uses Twitter.com to send out brief dispatches that spotlight news in the real estate market, and also focus on her daily life and her feelings -- about being stuck in traffic, about an inspirational quote, and talking to college students about social media, for example.  more...

Top cameras: Through a real estate lens

By Inman News, Friday, October 30, 2009.

 more...

California official warns of loan resets

By Inman News, Friday, October 30, 2009.

Homeowners with pay-option adjustable-rate mortgage (ARM) loans are sitting on "ticking time bombs that the lending industry has the power to defuse," California's attorney general said in asking 10 lenders and loan servicers for information that would make clear the extent of the problem and what they intend to do about it.

Economists estimate that about 1 million pay-option ARMs will reset in the next four years, "dramatically worsening the foreclosure crisis," the attorney general's office said in a letter to lenders. With 58 percent of all pay-option ARMs originated between 2004 and 2008, California will be the "epicenter of this crisis," the letter said.  more...

« first‹ previous123456789…next ›last »

 

 
  • ©2009 Inman News
  • Home
  • About Us
  • Advertise
  • Syndication
  • Membership
  • Contact Us
  • Press Release Submission
  • Submit a Tip
  • Privacy
  • Legal