Given the growing share of the market distressed sales represent, it might be just a matter of time before you must get involved with short sales and REOs. Yet these and other complications make clear that it’s a market segment you want to enter into only with your eyes wide open.
The Federal Reserve in late December took the unprecedented step of lowering its short-term target interest rate essentially to zero. But more important, it made a firm commitment to provide additional support, as needed, to the housing market by continuing to purchase mortgage-backed securities.
With some 50,000 units available for sale and prices down 50 percent from their peak, Adam Adache is remaking his company into a specialist that helps bring together hard-pressed developers and banks with investment groups and other bulk buyers.
Within hours of an announcement from the company ForSaleByOwner.com that said FSBOs could now list side-by-side with brokers on REALTOR.com, REALTORS® expressed their fury in hundreds of blog posts and letters.
Scott DeNeve thought real estate brokerages were making it too hard for sales associates to tailor their services to the needs of each client, so he designed a company with an innovative hands-off approach.
With the election of Sen. Barack Obama (D-Ill.) as president of the United States and gains by Democrats in U.S. House and Senate races, one big question is likely to be on many real estate practitioners’ minds: How will the housing industry’s top legislative goals be affected?
Eight years ago, Dennis Donahue and his business partners made a prediction: Downtown living would become huge, and real estate companies that focused specifically on the niche would prosper. The gamble paid off.
With gas prices hovering around $4 a gallon for the foreseeable future, will suburbs see subdued demand even after other housing areas regain strength? REALTOR® magazine brought together industry analysts and practitioners to debate that question.
When you combine the $7,500 home ownership tax credit that the federal government created earlier this year with today’s low interest rates, wide selection of for-sale inventory, and affordable home prices, many of the pieces are in place for your customers to buy now. But tax credits can be confusing. To help your clients understand how the credit works and why it would help them, you must learn the details.
The federal government came to the rescue of Wall Street financial services companies in early October with the country's largest ever private-sector rescue. But will the Wall Street firms use those funds to open up bank lending to home buyers?