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Friday May 16, 2008

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Today's Industry News Friday, May 16, 2008

Research fresh real estate market news hourly. Today's top stories for the real estate industry and real estate web sites. Find practical news exclusive to your state, specifically targeted for market savy individuals such as agents and brokers who need the latest market reports and news releases.

Real Estate Agents in the News

New Canaan homeowners were unlikely to have been burned by the recent sub-prime mortgage debacle, but local real estate has taken an indirect hit from the resulting credit crunch — or at least the perception of one, agents said.
A Valparaiso real estate blog helped a real estate agent team bring national attention to Northwest Indiana's market. Grace Safrin said producers stumbled across the home while surfing the Internet, where she mentioned it in a blog she writes about Northwest Indiana.
Al Basel Real Estate Brokers, a leading property sales intermediary, has announced that its sales revenues have topped Dhs500m in only twelve months since its establishment in May 2007, following its appointment as sales agent for a number of high profile projects in the UAE, the most latest of which include Mada'in, Fakhruddin, and Tonino Lamborghini.
The man accused of robbing a local real estate agent at gunpoint says he didn't do it.

Real Estate Brokers in the News

The real estate market in Lincoln County is sort of a good news / bad news scenario. The good news, according to Cindy Chesley, owner and broker at Century 21 Select Properties of North Platte, is that real estate has not depreciated like it has in other markets during the past year.
Jerry Fowler, a self-employed real estate broker who pioneered the use of radio in Columbia to educate listeners about buying and selling property, died Thursday. Fowler, 61, succumbed to cancer and kept a diary of the ups and downs of his treatment for more than a year. Weekly installments were published in a suburban weekly newspaper and posted on the Web site of his Chapin-based company. ...
Planning to buy or sell a home in Florida? Then definitely, you will be using the services of a real estate broker. It is not a legal requirement that you use a broker when transacting real estate business with other parties involved.
A New York-based real estate firm is expanding its operations in North Texas with the purchase of a local company. Newmark Knight Frank said Thursday that it has reached an agreement to acquire Plano-based real estate broker Predium from founders Seth Weinstein and Mitch Wolff.


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