August 28th, 2007
According to this article in Time.com by Michael Kinsley, the end of the real estate bubble is good for practical reasons. He mentioned that the country is happier when real estate prices are going up, since most people own their homes. However, it is healthier when the prices are going down, especially for the young […]
By Maricel Ferrer-Custodio -- 0 comments
August 27th, 2007
No one is immune from the decline in property prices. Even the CEO of one of the biggest real estate firms in the nation cannot control it. However, his story gives a different twist to the normal property woes that we read.
Tom Kunz, the CEO of Century 21 bought a $340,000 property in Tuscan […]
By Maricel Ferrer-Custodio -- 0 comments
August 10th, 2007
No one is immune anymore to the mortgage crisis. Even buyers with high income and assets have to bear the costs of the mortgage meltdown. Non-conforming (AKA jumbo) loans just became more expensive.
Wells Fargo, one of the nation’s biggest mortgage lenders, raised the interest rates on its 30-year, fixed-rate, non-conforming loan to 8 percent last […]
By Maricel Ferrer-Custodio -- 1 comment
August 8th, 2007
Source: YouTube Submitted by: BarbaraCorcoran
Barbara Corcoran was the founder of Corcoran Group, the biggest real estate agency in New York City. She is one of the few experts I believe in because she can give you the real pros and cons of what really happens in the trade. Once you’ve actually practiced in the business, […]
By Maricel Ferrer-Custodio -- 2 comments
August 7th, 2007
Condo developers are now using music in their websites to distinguish their development from other projects. It is a marketing tool used to project a certain image and lifestyle to their target buyers. The theme of the music is based on the building’s location, history, target demographic and the preferences of the developer.
Here are some […]
By Maricel Ferrer-Custodio -- 1 comment
August 6th, 2007
Drew Meyers of Zillow Blog, posted the "Results from the Inman Real Estate Connect Innovator Awards".
"Real Estate Connect SF is the real estate industry’s premier event where the leaders in real estate, technology, finance, mortgage and innovation convene to share their expertise, plan for the future, make deals and network with each other." realestateconnect.com
This year’s […]
By Maricel Ferrer-Custodio -- 0 comments
August 6th, 2007
Brad Inman of Inman Blog posted a great article explaining the link between the social networking movement and real estate.
He discussed how technology and today’s generation have revolutionalized the real estate industry.
During the previous generation, the trend was to "keep up with the Joneses". People tend to brag about their achievements, the success of their […]
By Maricel Ferrer-Custodio -- 1 comment
August 3rd, 2007
Scott Allen of Linked Intelligence hosted our Business Channel Theme Day: "Being August". Scott had this brilliant idea of using the definition of the word August for our theme day.
August is defined in dictionary.com as
inspiring reverence or admiration; of supreme dignity or grandeur; majestic: an august performance of a religious drama.
venerable; eminent: an august personage.
It […]
By Maricel Ferrer-Custodio -- 1 comment
August 1st, 2007
This month’s business channel theme is about the definition of August:
"inspiring reverence or admiration; of supreme dignity or grandeur; majestic"
Source: Dictionary.com
In line with our channel’s theme, I would like to write about an inspiring woman; Barbara Corcoran. She is the former founder of the Corcoran Group, the largest real estate agency in New […]
By Maricel Ferrer-Custodio -- 4 comments
August 1st, 2007
Source: YouTube Submitted by: BarbaraCorcoran
The latest figures show that the housing correction is far from over. Foreclosures are up for both subprime and those loans with better credit. Banks are evaluating buyers more. They are also tightening their lending standards, specially for the subprime market. All these coupled with a rise in mortgage rates […]
By Maricel Ferrer-Custodio -- 1 comment
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