Posts in Real Estate Industry News (page 46)

Real Estate Industry News

Happy Friday – Strong Gain in Existing-Home Sales Maintains Uptrend

According to a post today by the National Association of Realtors (NAR), for the first time in five years, existing-home sales have increased for four months in a row; monthly increase is the largest in 23 years. Existing home sales rose 7.2 % to a seasonally adjusted annual rate of 5.24 million units in July from a level of 4.89 million in June, and are 5.0% above the 4.99 million-unit pace in July 2008.  Could the real estate market be recovering sooner than we thought?

Almost half of homeowners with a mortgage could be underwater by 2011, says Deutsche Bank.

This CNN article is not good news for those of us in the real estate industry. In it Karen Weaver from Deutsche Bank estimates that home prices in the US will fall another 14% causing 48% of homeowners to be upside down on their mortgage. What?? I thought we were bottoming out? Anyone have any comments on this?

Read the article here

calling-all-bloggers

Real Estate Bloggers Wanted!

Welcome to Real Inventive – a fresh, innovative real estate blog that provides an online space where real estate agents and brokers can network, learn about new real estate technology and regulations, follow real estate news, and share interesting thoughts and ideas.

Welcome to Real Inventive – a fresh, innovative real estate blog that provides an online space where real estate bloggers can network, learn about new real estate technology and regulations, follow real estate news, and share interesting thoughts and ideas.

It’s been a rough year for all of us! The real estate market, just like the economy in general, has been through some serious turmoil. Thankfully, it looks like we are finally starting to see the light at the end of the tunnel. While the economy is still very fragile, the free fall of real estate prices has finally stabilized in many local markets. Home sales are going up, and as we all know, this will eventually lead to home prices going up too.

In the meantime, if you find yourself without enough work or earnings, think about this as an opportunity – this can be a great time to take a course, to learn something new, to make yourself familiar with real estate technology, and to improve yourself as a real estate professional. Think about times where you have less work as times when you can prepare yourself for the next boom. Economy works in cycles, and the more credentials and knowledge you have, the better positioned you will be to make the most of the next real estate boom.

Before we wrap this up, a quick note for the real estate bloggers out there: we would love to hear from you! We are always open to receive fresh new content to enrich our blog and make it more interesting to our readers, most of whom are real estate professionals.

Please feel free to contact us at: [ideas AT realinventive DOT com].

Even if you’re not a blogger, we would still love to hear from you if you have an interesting idea, a tip, or anything you think we should cover on this real estate blog.

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