Retailer Target May Get Into Real Estate Business
October 30, 2008
Nearly everyone is familiar with the shopping chain giant. Retailer Target may get into the real estate business
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Lexington Real Estate Trust Shares Are Purchased
October 28, 2008
Lexington Realty Trust shares are being purchased by 2 other real estate investment trusts
(REIT). A total of 11.5 million shares are being acquired by Vornado Realty Trust (8 million) and Winthrop Realty Trust (3.5 million) for $5.60 per share. Lexington Realty Trust is also purchasing 3.5 million of its common shares as well. Lexington Realty Trust is a real estate venture that manages & owns a variety of real estate products which include office space, commercial/retail, and industrial properties across the United States. The Lexington Realty Trust shares have dropped 64% so far in 2008 – and the powers that be at the 2 REITs believe that they have been sold below their appropriate threshold values. If a real estate turn around should happen, these could be very wise decisions by these investment groups.
Succeeding in Today's Real Estate Markets
October 26, 2008
The real estate markets are certainly tough for the majority of the US. But here’s one story of a person succeeding in today’s real estate markets. The real estate developer cited as the example in the story has traditionally moved every few years and banks the profits he makes on his moving up as he does it. And with some smart choices, even with today’s somewhat rocky real estate minefield, he still is succeeding. He purchased in a desirable area across from a park, that has seen a lot of improvements, and he also invest money into upgrades on his home that he should be able to get a return on such as fixing up the big 2 in most real estate investors criteria: kitchens and bathrooms. This has allowed him to be able to continue to move up and achieve success despite the softening real estaet market around him.
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New Real Estate Technology Benefits Consumers
October 23, 2008
A new real estate technology recently became available to benefit consumers
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. Essentially, a consumer would drive past a home they like. They enter a code on their phone, and within a few moments, the details of the home are sent to them via text message. The message also includes some quick links to either contact the listing agent on their cell phone, or send them an email. It should provide a good alternative instead of conventional paper-flyers that are placed at homes for sale. And unlike some other systems, where the following day the customer may not recall the specific details of the property they like – using this system the customer will have a “record” of the property details stored on their phone until they delete it.
Sarasota Association of REALTORs Actions are Questioned
October 22, 2008
An enlightening article on recent Sarasota Association of REALTORs (SAR) actions are questioned
. The Sarasota Association of REALTORs recently acquired a ruling that allowed them to gain control of a website that Marc Rasmussen had been using for 5 years – this story has been widely publicized on the internet.
It appears this isn’t the only questionable action that the Sarasota Association of REALTORs has taken. In this article, it appears that the local SAR board leveraged the notoriety of one of their member’s sites – to push their own site, promotions, and agenda. It calls into question the motivation behind the actions of the board, and why they are so insistent on hurting and competing against their members – instead of promoting the welfare and the best interests of their members in the first place.
Its almost like the SAR board doesn’t have a true understanding of how the internet works, and are taking a caveman approach toward creating their own internet presence – and if they have to crush their membership to do it, so be it. 
Real Estate Market Predictions – Strongest & Weakest Markets
October 20, 2008
An interesting story on real estate market predictions – that includes the strongest and weakest markets
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Peoria, Illinois
Lubbock, Texas
Springfield, Illinois
Amarillo, Texas
Tulsa, Oklahoma
And the 5 weakest real estate markets are primarily in the west, and south:
Las Vegas, Nevada
Naples – Marco Island, Florida
Cape Coral – Ft. Myers, Florida
Miami – Fort Lauderdale – Miami Beach, Florida
Port St. Lucie – Fort Pierce, Florida
The company that did these predictions specializes in statistical analytics and it should be interesting to see if their predictions hold true.
Zillow lays off nearly 1/3 of its Employees
October 18, 2008
The soft real estate markets are affecting more than buyers, sellers, and real estate agents. Online real estate aggregator Zillow announced that it was laying off nearly 1/3 of its employees
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Real Estate Recovery Predicted to Begin in Early 2009
October 13, 2008
Alan Greenspan (former chairman of the Federal Reserve), has made his prediction: real estate recovery should begin in early 2009
. Greenspan cited as one of his reasons for the prediction, that United States homes prices have begun slowing in their decline in value. And that this is the first step toward making progress for investors to start considering taking risk. Greenspan went on to say that he believed that during the first 6 months of 2009, that he believed home prices would stabilize, and that once the real estate market stabilizes, that it will lead to a more stable economy and market.
Trulia Starts Campaign to Influence MLS Boards
October 11, 2008
In a bold move, Trulia has started a new campaign to influence MLS Boards to furnish their listing inventory to their site. Trulia is hiring a high end group of professionals to serve as lobbyists to create relationships with the NAR and MLS boards to convince them of the benefits of having visibility on Trulia. Trulia is a 3rd party national listing syndication site that has shown strong growth in the past year. Their ongoing search engine marketing efforts and leveraging of relationships with other real estate agents has helped them make strong gains in visibility and they are now boasting 5 million visitors a month to their site – and are now wanting to ensure that those visitors have something to do once they get there, which is: view real estate listings.Birthday Girl film
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Home Sales Are Up in Some Areas
October 10, 2008
A bit of good news that not everything in the real estate world is negative. Home sales are up in some areas
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Birthday Girl release Big Momma’s House 2 movie download . Overall, if you compare August 2008 to July 2008, pending home sales have increased 7.4%. And if you make a relative comparison to the year previously in August 2007, home sales are up 8.8%. So those are some good numbers. Sales in all 4 regions of the United States have increased with the strongest gains going to the West and Northeast, and the smallest increases in the Midwest and South. BUT – the important thing to note is that all areas showed improvement. For those number crunchers the numbers actually shake out as follows: West 18.4% increase. Northeast 8.4% increase. Midwest 3.6% increase. South 2.3% increase.
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