The National Association of REALTORS® has announced that it plans to take Realtor.com to the international level. In doing so, the association hopes to become the largest online source for residential property listings in the world. As part of the launch, the National Association of REALTORS® is planning to add a number of additional features to its site. For example, the Website will feature a translation service and international listings while also providing site visitors with the option to … [Read more...]
ProLogis Experiencing Growth After Hitting Bottom Two Years Ago
December 1, 2010 By 1 Comment
After selling $5.8 billion in assets, which it used to pay down its debts and to recapitalize, the Denver-based warehouse and distribution company of ProLogis is no ready to grow. While it has taken two years since Walt Rako took control of the company to get it to this point, the time and effort invested into the project is starting to pay off. In fact, the company started $700 million in new development projects this year, one of which was breaking ground on a 270,000 square foot building in … [Read more...]
China Places Limits on Property Purchasing Opportunities for Foreign Investors
December 1, 2010 By 1 Comment
In an effort to slow down speculators, China has reportedly put new legislation in place that will place severe restrictions on foreign ownership of property. In fact, under the new guidelines, foreigners will not be allowed to own multiple properties on the mainland. In addition, non-Chinese companies will only be allowed to purchase commercial real estate that is going to be used for the company’s own purposes. As part of the new regulations, individual buyers who are interested in … [Read more...]
Realtor.com Removes Facebook listings…moves them to Fan / Business Pages
November 10, 2010 By 4 Comments
In a move to apparently accomodate the change in emphasis on Facebook, REALTOR.com has removed the "See My Listings" app effective 10.03.2010 and will instead provide the means to do this on REALTOR fan / business pages as outlined in this brochure.REALTORS who have or build a Facebook Fan / Business Page will be able to take advantage of this new program and post their listings on facebook. Whether the new method will provide better traffic or more traffic remains to be seen as far fewer … [Read more...]
Realogy loses $33 Million in Q3
November 10, 2010 By Leave a Comment
REALOGY reported losses of $33 Million in Q3 as they released figures in this report yesterday. Thiis was attributed to a decrease in sales of approximately 10% year over year and to the general slowdown in sales following the end of the tax incentives in Q2. The company also help a webcast / conference call to discuss the results. This will be available on the company's website from today through 11.23.2010 according to their media page. The company did report that it is meeting its current … [Read more...]
US Foreclosures Reach Record Highs
October 26, 2010 By 2 Comments
RealtyTrac is reporting that lenders in the United States foreclosed upon a record number of properties this September, indicating that the real estate market is still in recovery mode.According to the latest figures released by RealtyTrac, foreclosures increased by 3% from August, reaching 347,420. Furthermore, banks repossessed 102,134 properties during the month of September, while REO reached triple digits for the first time during a single month. Overall, REO reached a new record during … [Read more...]
International Buyers of Real Estate on the Rise
October 20, 2010 By 1 Comment
Thanks to the low prices that can be found on real estate throughout the United States, many foreign investors are turning their attention away from the U.S. stock market and putting their attention on the housing market instead. In fact, foreign investment in U.S. real estate has virtually skyrocketed recently, with most planning to rent out the properties and then to sell them once the economy turns around.Given the prices that real estate investors have before them, it is easy to see why … [Read more...]
Mortgage Rates Fall to Decades Low – 4.19%
October 19, 2010 By Leave a Comment
Mortgage rates fell this week to 4.19%, a level not seen in this country since the 1950's. Many investors are buying up treasury bonds in anticipation that the Federal Reserve will make some moves to lower mortgage rates and yields on corporate debt. The result is that current mortgage rates have been pushed down by the Treasury yields.What does this mean for home buyers? Well it is definitely good news for qualified buyers that will be getting a mortgage. 15 year fixed rates are down to an … [Read more...]
Roost closes consumer efforts, opts for Social Media
October 12, 2010 By 3 Comments
In a move designed to target the increasing power of social media (and obviously to move away from the expense and effort of other forms of online marketing, Roost announced on their blog today that they would focus 100% of their efforts on their social media technologies.According to this blog post:"But in talking to hundreds of individual REALTORS®, we came to an powerful realization: The vast majority of agents still get 80%+ of their business via word-of-mouth referrals.Even after all … [Read more...]
NARRPR – Nationwide MLS?
October 6, 2010 By 4 Comments
Realtors Property Resource (RPR) has been rolled out for over a 100 MLSs now. Arizona just got theirs, and the information there has been overwhelming. RPR was developed by National Association of Realtors (NAR) to combat Trulia, Zillow, and other real estate scraper sites. What it offers is much more detail than traditional listing info, but the info is only available, if you're side by side with your Realtor. And that's the catch! Will it work? Here are some of the key … [Read more...]
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