What do agents want from brokers?
June 22, 2008
For brokerages feeling the pinch of the market and looking to recruit, this is a MUST READ blog post.
According to an ongoing discussion over at AgentGenius , the list is long and varied, but some trends are developing in the comments section of the blog. Teresa Boardman listed several things that today’s producer would want and the list grew from there.
Upcoming POLL at REIW. Top THREE things your broker does not provide that you wish they did.
Mortgage Giant Countrywide Riddled with Problems
June 18, 2008
The proposed acquisition of Countrywide Financial by Bank of America continues to be riddled with problems. From the investigation into politicians that were given loans because they were alleged friends with the CEO, to regulatory issues, Countrywide has a lot of issues that are potential concerns for investors and share holders in Bank of America.
Houston Broker Becomes President of International Real Estate Group
June 17, 2008
A Houston Texas real estate broker named Lisa Kurrass has been voted in as the president of an entity known as the International Real Estate Federation (IREF). Kurrass currently serves as chairperson for a Houston based real estate management & brokerage company called Real Estate Connection International. Her election to serve as president of IREF is the first for a woman in its 60 year history.
Real Estate Developers to Invest $175 million
June 17, 2008
Real estate developers, Lehman Brothers Real Estate Partners, are investing $175 million to purchase a 50% equity position in a project that is putting in a highway on the western side of the city of Mumbai, and is being headed by an India real estate development company called Unitech Ltd. The total project space available in this project is approximately 18 million square feet.
REALTORs demand Health Care Reform
June 16, 2008
In a recent survey, most REALTORs polled expressed concern regarding the current health care that is available for most small businesses is lacking and insufficient. They have now joined others in urging Congress to have voiced that opinion heard. One program that the National Association of REALTORs (NAR) is expressing support for is the Small Business Health Options (SHOP) program.
Is the real estate market at bottom?
June 13, 2008
An interesting article discusses whether is the real estate market at bottom? Unfortunately no, say many real estate and housing experts. They attribute their view on the basis, among other things, that the real estate boom that was enjoyed for literally years in many parts of the country was unprecedented - but they feel that the correcting of that market boom, will now also be unprecedented in its continued languish.
One of the upsides is for many persons that are wanting to enter or move up in today’s real estate market - its more affordable today that it has been in years.
Ultimately though, real estate is local. There are still booming real estate markets across the country, despite the overall doom and gloom perspective.
Dominion Homes Merger Finalized
June 12, 2008
The Louisville Kentucky business newspaper, The Business First, has published a story detailing the merger that has been finalized between Dominion Homes and Silver Oak Capital LLC. Dominion Homes posted a loss of $34 million in 2006, and $82.2 million in 2007. After a punishing couple of years due to the real estate market downturn, Dominion Homes stock was delisted from Nasdaq in March 2008 by failing to bring its value up to the market requirements to be listed on the exchange.
Desperate Homeowners Resort to Buy and Bail Tactic
June 11, 2008
In the latest twist thats hitting the real estate and mortgage industry, a new tactic is being utilized by some desperate home owners - the buy and bail. Many home owners across the country are upside down equity-wise in their home. So now, in the areas hardest hit by depreciating values, some are going with the “buy and bail”. The basics of the technique are quite simple: a home owner goes out while they still have good credit, & purchases a new home (usually at a drastically reduced price due to the depressed real estate market) - then they allow their original home to go into foreclosure. Some are calling it mortgage fraud. Others are calling it a legitimate way of getting out from under a losing situation due to the mortgage industries inflexibility in trying to assist persons in keeping their homes and to continue making their payments.
Gas prices impact home buying
June 6, 2008
Jim Olenbush from Austin Texas comments on his blog about the impact of high gas prices on home buying decisions. This (I am sure) will be the first of many posts on the subject as commute times drop due to $4.00 gas.
Location will be more and more of a factor in deciding which home to buy, which will have an impact on housing values.
Real Estate Convention - ONLINE
June 5, 2008
If you are commercial real estate agent, and always wanted to attend a convention, but just never had the time - Commercial Source is offering a real estate convention online. The convention will have speakers, as well as exhibitors that are even providing door prizes. The real estate convention will begin June 17 2008, and will remain open for 3 months and you can view it all from the convenience of your own computer online.
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