January 2012


31 Jan 2012 09:02 pm
Florida's cities were some of the hardest hit by the housing bust, but now they are leading the charge back. Of Realtor.com's top 10 turnaround towns, eight are in the Sunshine State.
31 Jan 2012 06:26 pm
Home prices posted a steep, month-over-month drop in November, falling 1.3%, according to the latest S&P/Case-Shiller 20-city report. Prices fell in 19 of the 20 cities the index covers.
30 Jan 2012 06:04 pm

Despite a challenging real estate market, the industry’s leading residential brokerage firms continue to demonstrate resiliency and growth, and will prove this by participating in RISMedia’s 24th Annual Power Broker Report & Survey. As the industry’s preeminent report ranking the …

30 Jan 2012 01:09 pm
The Obama administration is taking another swing at improving its main foreclosure prevention program.
27 Jan 2012 06:12 pm
FORTUNE -- Over the past few months, a spate of good news about the U.S. housing market has led some to think a recovery is finally on the horizon.
26 Jan 2012 02:27 pm
Just 302,000 new homes were sold in 2011, 6.2% below 2010 and the lowest number of annual sales since the government started tracking home sales in 1963.
26 Jan 2012 06:40 am
Sales of homes in foreclosure comprised 20% of all U.S. residential sales during the third quarter, according to RealtyTrac.
25 Jan 2012 08:36 pm
Out of all of the presidential candidates, former Massachusetts Governor Mitt Romney owns the most real estate -- even after unloading a couple of sizable properties.
25 Jan 2012 03:27 pm
A new special task force to investigate and prosecute those responsible for bad mortgages during the housing boom will be part of President Obama's 2012 agenda.
24 Jan 2012 06:23 am
President Obama is expected to once again offer ways to help the beleaguered housing market in his State of the Union speech Tuesday night.
23 Jan 2012 06:55 pm

Obeo, a leading provider of online real estate virtual tours and real estate in North America, announced a new search engine optimization (SEO) feature to help brokers and agents win the battle for their listings.

Studies show that 96 percent …

23 Jan 2012 06:54 pm

Regional Spotlight—RE/MAX of New England recently released their 2012 Housing Market Outlook & Forecast.

According to the study, Connecticut experienced the largest declines in 2011, as single-family home transactions slid -8.4 percent and average price dipped -1.8 percent, compared to …

17 Jan 2012 08:20 pm
Laurie Goodman is an apolitical number cruncher who has spent most of her 28-year career out of the public view, studying the minutiae of mortgage-backed securities (MBS) for big investment banks. She's long been a star among Wall Street insiders, however. She holds the record for the most top rankings for fixed-in-come research from the trade bible Institutional Investor.
17 Jan 2012 06:00 pm

Agents, have you ever listed or sold a home owned by a celebrity? If so, we want to know about it! RISMedia is excited to announce that in 2012 we will be significantly expanding our coverage of celebrity homes and …

15 Jan 2012 02:06 pm

We all know that Google is no stranger to the world of mobile, after all its operating system, Android, is the most popular in the world; all their apps (Gmail, Google calendar, flicker, etc.) are all designed for use on …

13 Jan 2012 06:34 am
It may not be 1600 Pennsylvania Ave., but the presidential candidates reside in some pretty nice digs. Here's a look at where they live -- at least, for now.
12 Jan 2012 09:18 am
Foreclosure filings and repossessions fell to their lowest level since 2007 last year.
11 Jan 2012 06:12 pm

In support of Google’s Go Mo initiative, Mobile Real Estate (MRE), a leading mobile solutions provider, has launched a free online tool that allows REALTORS® to test their website to ensure it is optimized for mobile. When Google launched its …

10 Jan 2012 07:14 pm
Fannie Mae CEO Michael Williams plans to resign, the government-controlled mortgage giant said Tuesday. Williams, who took over as president and CEO of the troubled company in 2009, will continue as CEO until Fannie Mae's board names a successor. The firm did not provide a specific reason for Williams' departure; in a statement, Williams said only that he had decided that "the time is right to turn over the reins to a new leader." Williams will leave behind a firm still struggling to get its finances in order. In November, Fannie Mae reported a net third-quarter loss of $5.1 billion. The loss forced the firm to ask for another $7.8 billion in funding from the Treasury Department, a request that took its bailout total to $112.6 billion. Federal regulators put Fannie Mae and fellow government-sponsored enterprise Freddie Mac into conservatorship during the financial meltdown in September 2008. The sister companies now depend on government help to cover losses on the mortgages they own or guarantee. In October, Freddie Mac CEO Ed Haldeman also announced plans to step down at some point this year. Williams and Haldeman have faced scrutiny in recent months for their hefty paychecks, granted even as their firms rely on taxpayer support. The targets for their 2011 pay, which will include deferred compensation, are set at about $6 million a piece. In December, the Securities and Exchange Commission charged six former executives of Fannie Mae and Freddie Mac, including former Fannie CEO Daniel Mudd and former Freddie chief Richard Syron with securities fraud. The SEC alleges that the executives misrepresented the firms' holdings of high-risk mortgage loans ahead of the financial crisis.
10 Jan 2012 03:20 pm
As bond, CD, and money market interest rates remain mired at rock-bottom levels, investors continue their quest for dividends. One category offers eye-popping yields: mortgage real estate investment trusts, or mREITs (which are required to pass most of their income to shareholders via dividends). Chimera Investment and American Capital Agency each yield more than 19%. And the largest mREIT, Annaly Capital Management -- which we've recommended before -- offers a 15% payout. Are these returns too good to be true?
10 Jan 2012 12:36 pm
Federal officials hope to launch a pilot program in early 2012 to convert government-owned foreclosures into rental properties.
09 Jan 2012 07:26 am

The Malone Bay community features 18 lots at W. Kerr Scott Dam & Reservoir. Fourteen (14) are Lakefront and meet private dock requirements. All lots have access to public water, saving owners from $5,000 to $10,000 on drilling a well. These lots have public water and will save you the cost of drilling a well. The entire development also features underground utilities.

This is a gated community with lots ranging from 2.3+- acres to 6.8+- acres on the Hwy 421 side of the lake just off South Minton Road, Wilkesboro, NC 28697

W. Kerr Scott Lake is 1500 acres with 50 miles of shoreline and is controlled by the US Army Corps of Engineers. It is clean water with good fishing and is excellent for boating, kayaking, skiing, and swimming. The property is surrounded by National Parks. Wilkesboro is a beautiful community and town with friendly people. It is located just 40 miles east of Boone and Blowing Rock, NC and one and a half hours northwest of Charlotte.

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06 Jan 2012 08:08 pm
Among those who moved last year, the nation's capital was once again the most popular destination.
05 Jan 2012 11:53 pm

REGIONAL SPOTLIGHT—As the new year begins, potential home buyers and sellers throughout the Mid Atlantic region are anxious about how their properties will fare in this coming year. To explore the issue, MRIS has released a list of several key …

04 Jan 2012 06:26 am
Despite a number of multi-million dollar home sales, including a record-setting $88 million penthouse deal in December, Manhattan real estate prices fell significantly during the final months of 2011.
03 Jan 2012 05:49 pm
Concerns are growing that the Federal Housing Administration will need to be bailed out by taxpayers.
02 Jan 2012 03:28 pm

During Coldwell Banker Platinum Partners’ holiday charity drive, sales agents and staff from throughout the region spent much of November and December gathering donations to benefit a variety of charities. The Partners banded together with one common goal – to …

02 Jan 2012 03:26 pm

The real estate professionals at Prudential Network Realty are helping students learn about career opportunities through their support of a new real estate mentoring program for youth attending the MaliVai Washington Youth Center.

“It is very rewarding to launch a …

02 Jan 2012 11:49 am
Flippers, the real estate investors who buy homes on the cheap and quickly resell them at a profit, just got a reprieve from the Federal Housing Administration.
02 Jan 2012 07:24 am

MLS #: O56045A
List Price: $329,900
Williams Farm Rd Wilkesboro, NC 28697

APX ACREAGE: 2.44
SUITABLE USE: Residential
TOPOGRAPHY: Lake/Pond, Heavily Wooded, Exceptional View
AREA: Area 2
SUBDIVISION: Williams Farm
ELEMENTARY SCHOOL: Wilkesboro
MIDDLE SCHOOL: Cntrl Wlks
HIGH SCHOOL: Wilkes Central

LOT SIZE: 2.44 Acres
PARCEL ID: 0302666
RESTRICTIONS: Yes

OWNER NAME: Ziegler, Nanci and Brent
TERMS OF SALE: Cash, Conventional
POSSESSION: At Closing
DOCUMENTS ON FILE: Survey/Plat, Deed Restrictions
SHOWING INSTRUCTIONS: Sign, Show Anytime, Other-See Remarks
UTILITIES: Underground Utilities
WATER/SEWER: None-Water, None-Sewer
ROAD FRONTAGE: Private Road, Paved Road
MISCELLANEOUS: 1-5 Acres
REMARKS: 2.44 Acre point lot with Main Channel Lake View. 500 feet of waterfront. Private Dock Permit in Place. Community with only 17 Lots.
DIRECTIONS: Hwy 268 West 5.5 miles. Turn Right onto Williams Farm Road, Lot 16 on right just before the end of Cul-de-Sac. Sign on Lot.
MISCELLANEOUS: Association Dues are $195. per year.

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