The paper finds that renting a property produces a significant reduction in the home seller's wealth position. The primary reason for this result lies in the substantial reduction in the selling price when rented versus vacant. Rental revenues are insufficient to ameliorate the effect of renting on the ultimate price....
Immediate Use of $50 Million in Cash Collateral is Approved BONITA SPRINGS, Fla. -- WCI Communities, Inc. (OTC: WCIMQ), a leading developer, builder and seller of luxury homes and tower units, announced today that Chief Judge Kevin J. Carey, of the U.S. Bankruptcy Court in Wilmington, Delaware, has...
For the First Time NHD Statements Will Be Considered as Part of Regulated Real Estate Settlement Service HUD Lawsuit Resolved LOS ANGELES -- In a dramatic example of how the government and the real estate industry are working together to establish new practices for California home...
BONITA SPRINGS, Fla. -- WCI Communities, Inc. (NYSE:WCI), a leading developer, builder and seller of luxury homes and tower units, announced that effective today its common stock will be traded under the symbol WCIMQ on the Pink Sheets. Pink Sheets is a daily listing of bid and ask prices for...
When President Bush signed the Hope for Homeowners legislation into law last week, it included a provision that threatens to remove a major source of revenue from a Montgomery County nonprofit that provides down payment assistance to low- and moderate-income home buyers. Bethesda-based AmeriDream Inc. specializes...
Company to Continue to Sell, Build and Deliver Homes BONITA SPRINGS, Fla. -- WCI Communities, Inc. (NYSE:WCI), a leading developer, builder and seller of luxury homes and tower units, announced today that it and approximately 130 of its wholly-owned subsidiaries had filed voluntary petitions to restructure their debt...
A birthday present for HIPs, wrapped in 'purposeless red tape' There were no party hats and balloons colouring government offices last week as the calamitous home information pack HIP celebrated its first birthday. Despite a ringing endorsement from housing minister Caroline Flint, right, who called the...
HGTV powered real estate site to feature Terabitz iPhone home search application, neighborhood tools and data PALO ALTO, Calif., Aug. 1 /PRNewswire/ -- Terabitz (http://terabitz.com/), a technology company that helps real estate brokerages engage online homebuyers and sellers with innovative technologies, today announced that it has entered...
NEW YORK -- ForSaleByOwner.com (http://www.forsalebyowner.com), the nation's leading "for sale by owner" real estate website, today unveiled a redesign that boasts interactive mapping, enhanced graphics, new search options, and new real estate educational resources, making it easier to sell and buy real estate without using a real estate agent. ...
More than a million real estate agents belong to the National Association of Realtors (www.realtor.org). But many are less active in the field than earlier this decade, when sellers reigned supreme and properties often commanded multiple offers. These days, getting a home sold is a trickier matter in most neighborhoods....
BLOOMFIELD HILLS, Mich., July 30 /PRNewswire-FirstCall/ -- Pulte Homes applauds President Bush for signing into law today a comprehensive housing bill passed earlier by Congress. With record amounts of housing inventory and stagnant consumer demand continuing to drive down prices nationwide, Pulte Homes believes the $7,500 tax credit...
Leading Homeowner Resource Prepares Sellers with Expert Advice SOUTHBOROUGH, Mass. -- OptHome[TM] (www.opthome.com), the ultimate online resource for empowering homeowners, buyers and sellers to make smart decisions for all their homeowner needs, share ten simple tips for homeowners preparing to sell. Research shows that as the lazy days...
HOME INFORMATION PACKS The reports intended to make housing chains run more smoothly are accused of achieving the opposite, finds Kate Hughes This week marks the first anniversary of the home information pack HIP, the scheme that was supposed to stop property transactions falling through and...
UTILITY BILLS Stay switched on, says Sue Hayward, if your gas and electric are arranged by a new-build developer Buying a new- build home is like starting with a blank canvas: no chain to wait on at the seller's end, no hideous wallpaper and no...
National Association of Realtors' home sales data released today SEATTLE -- the Coldwell Banker Bain: What: Each month, the National Association of Realtors issues a report on trends in existing home sales nationwide: http://www.realtor.org/press_room/news_releases/2008/ehs_down_in_june. Locally, trends indicate the housing market may be turning around....
Despite Popularity of Online Home Buying and Selling Tools, Real Estate Agents are Key to Customer Satisfaction WESTLAKE VILLAGE, Calif., July 23 /PRNewswire/ -- Keller Williams ranks highest among real estate companies in satisfying home buyers, while Prudential ranks highest in satisfying home sellers, according to the...
Brad Geisen continues to build online real estate empire to expand opportunities for future homebuyers and investors nationwide BOCA RATON, Fla., July 23 /PRNewswire/ -- Foreclosure.com Founder, President and CEO, Brad Geisen, announced today that he has reached an agreement with "Domain King" Rick Schwartz to acquire...
CHICAGO, July 23 /PRNewswire/ -- PropertyPreviews.com today announced the launch of its new Web site, which provides real estate professionals, photographers and home sellers with free and easy-to-use technology to instantly create engaging real estate video tours. In addition, the site is a one-click stop for distributing videos...
In a transaction valued at $22 million, Kalmon Dolgin Affiliates' Joe Nicholas arranged the sale of a 42,000 s/f development site on North 3rd Street in the Williamsburg neighborhood of Brooklyn, N.Y. Neil Dolgin, executive vice president of Kalmon Dolgin Affiliates, made the announcement. Nicholas represented...
Articles 2008-07-23
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