Archive for May, 2009
San Francisco teen bucks trend, defers college to sell homes
Despite the housing recession, high school senior Rich Lewetzow is putting off college to sell real estate in the Bay area, bucking a national trend but following a passion that has him spending more time on Zillow.com than Facebook.
Living United: Stillwater National Bank (Stillwater NewsPress)
Stillwater Area United Way has adopted the “Live United” theme and some caring community members are taking that to heart.
Profits, revenue down at Grubb & Ellis
Grubb & Ellis Co. , a real estate services and investment firm, reported a 21.3 percent drop in first-quarter revenue as a the recession continues to take its toll on leasing volumes.
Zell: Housing market near 'equilibrium'
The U.S. housing market is nearing “equilibrium” as inventory decreases and homes become more affordable, billionaire property investor Sam Zell said today in an interview with Bloomberg Television.
Housing nears bottom with no quick bounce
Experts say a backlog of bank-owned properties will slow any revival and keep housing from playing its traditional role of boosting economic recovery.
Midwest home sales post 10 pct annual decline
Sales of existing homes in the Midwest fell 10 percent in April from a year ago as the uncertain economy kept all but first-time home buyers and steely investors on the sidelines.
Less-experienced hands leaving real-estate business
Realtors’ median gross income dropped 14 percent in 2008, to $36,700, forcing many less experienced agents and brokers to leave the business.
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Home-buy help: FHA OKs loans on $8,000 tax credit
Thousands of first-time homebuyers will be able to get short-term loans so they can quickly make use of a new $8,000 tax credit to pay for…
The war against mortgage fraud
The FBI, Justice Department, Secret Service and U.S. Postal Service have been handed a half-billion dollars to investigate and prosecute companies and individuals who engage in mortgage fraud.