News / Features

Zillow Expands Zestimates to Include Rentals

Zillow yesterday launched “Rent Zestimates,” a one-of-a-kind tool that can be used as a starting point for determining a home or apartment’s estimated monthly rent price. The launch expands on Zillow’s popular Zestimate home valuations and empowers renters and

Number of Foreclosures Drops Significantly

The number of foreclosure notices nationally has dropped significantly dropped — 27 percent — for the month of February compared to this time last year. Does this mean that we are nearing an end to the foreclosure crisis or

Homeownership Essential to Job Growth and Economy, Say Realtors

Testifying before a Senate panel yesterday, National Association of Realtors President Ron Phipps told members of Congress that sustainable homeownership must be the goal when considering future federal housing

Obama Administration Stands by Housing Reform

By Tom Butala The Obama Administration has threatened to veto two housing-related bills if passed by Congress, according to

Move, Inc. Expands Advertisers’ Reach Into Hyper-Local Markets With BlockShopper Deal

Move, Inc. announced yesterday it will expand the reach of agents and brokers across the Web down to neighborhood levels through an exclusive agreement with BlockShopper.com, a hyper-local online real estate news and data

NAHB Study: New Homes in 2015 will be Smaller, Greener and More Casual

A recent study by the National Association of Home Builders (NAHB) shows that while consumer hesitation on home buying is waning, the recent housing downturn has changed what Americans are looking for in their next

New CoreLogic Data Shows 23 Percent of Borrowers Underwater

CoreLogic released yesterday negative equity data showing that 11.1 million, or 23.1 percent, of all residential properties with a mortgage were in negative equity at the end of the fourth quarter of 2010, up from 10.8 million, or 22.5

Keller Williams Realty Climbs to No. 2 Franchise in U.S.

Keller Williams Realty Inc., announced yesterday that it is now the second-largest real estate franchise in the United States based on the total number of sales professionals, surpassing Century 21, according to research conducted by REAL Trends. The company

Florida Housing Laws Pending Reform

According to The Miami Herald, a number of Florida housing bills are up for modification in this year’s legislative

Home Sales Rise and Investors are to Thank

Home sales are beginning to rise following one of the worst years the real estate market has seen in a long time. However, the rise in sales cannot be attributed to new or first-time homebuyers; instead, investors are responsible

Florida Realtors Announces a New President

Patricia Fitzgerald, manager/broker-associate with Illustrated Properties in Hobe Sound and Mariner Sands Country Club in Stuart, has been installed as 2011 president of Florida

Amidst Lending Overhaul, Bank of America Hosts Investor Meeting at Plaza Hotel

As major financial institutions have received guidance from the federal government pertaining to mortgage regulations, Bank of America is hosting a meeting today at New York City’s Plaza Hotel to present current market strategies to

The St. Joe Company Announces New Chief Operating Officer

The St. Joe Company (NYSE: JOE) announced yesterday the appointment of veteran real estate executive Park Brady, as its chief operating officer, effective March 21, 2011. Mr. Brady will report to the executive committee of the board of directors,

CLR Says Higher Down Payments will Offset Housing Market

As recent proposals call for homeowners to make ten-to-20 percent down payments on their purchases, the Center for Responsible Lending says this will actually hurt the

Are Mortgage Interest Deductions on the Way Out?

As the Obama administration acts to wind down the role of mortgage behemoths Fannie Mae and Freddie Mac, the loss of the mortgage interest deduction may come as

Builders Call On Congress To Address Housing Lending Crisis

With the housing production credit crisis taking a severe toll on the nation’s small home building firms and threatening future job growth and the fragile economic recovery, the National Association of Home Builders (NAHB) has called on Congress to

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