Major Real Estate Corp Sees Marketing Possibilities (condominiums for sale in belize) In Virtual World
Major Real Estate Corp Sees Marketing Possibilities In Virtual World
We said several weeks ago that a big believer in the value of Second
Life real estate is the very grounded-to-earth firm of Coldwell
Banker.
We interviewed Charlie Young,
Senior Vice President, Marketing and David Siroty, Director of Public
Relations, Coldwell Banker Real Estate Corporation about the
corporation’s decision to take a stake in Second Life.
Mortgage
News Daily: What drove the decision of Coldwell Banker to make what is
really a pretty radical move?
MBA Delinquency Data Not As Dire As RealtyTrac Reports
On Tuesday RealtyTrac released some pretty scary
numbers relating to foreclosures.
Results of the quarterly National Delinquency Survey conducted by the
Mortgage Bankers Association (MBA) were released on Thursday and
were much less alarmist than the RealtyTrac figures.
According to
Doug Duncan, MBA’s Chief Economist and Senior Vice
President of Research and Business Development, the data is being driven
by circumstances in seven states. “Without these
states…,” Read More Now
Credit Piggybacking - What Will They Think Of Next?
We recently ran across this add on Craigslist:
“BORROW SOMEONE’S CREDIT SCORE WHILE WE FIX
YOURS
You heard me… I’ll get your score up to buy your house or car
now, and
we’ll fix your credit for the future. This is the best
value in town!!!!“
Borrow someone’s credit score? Yup, that’s the deal and apparently it
is legal.
Will Subprime Problems Spill Over Into Conventional Markets?
Two days, two economic forecasts; the first which we reported on
earlier from the National Association of Realtors (NAR) showed a rapid
deterioration in the confidence that association’s economic advisors have
in the near future of the housing industry. Now we have the June Economic
Outlook from Freddie Mac.
Freddie Mac’s monthly offering always has a theme and it is more than
a little disquieting that the motif for June appears to be “not every
house needs to be foreclosed.”
This is really not an overstatement. The Outlook states that, in the
subprime market, 1 in 13 homes are candidates for
foreclosure. It further quotes the….
Housing Starts Slip and Builders Still Glum
Two measures of the housing market were released this
week and each shows that, at best, builders are remaining cautious; at
worst they are showing a bit of despair.
The National Association of Home Builders (NAHB)/Wells Fargo Housing
Market Index (HMI) for June reported that builders’ confidence in the
market reached the lowest point in over 25 years.
NAHB President Brian Catalde said “Builders continue to report serious
impacts of tighter lending standards on current home
sales as well as cancellations, and they continue to…”
Mortgage Rates Continue Upward Spiral
Mortgage rates continued to climb during the week
ended June 7 according to the results of Freddie Mac’s Primary Mortgage
Market Survey.
Frank Nothaft, Freddie Mac vice president and chief
economist commented about the report, “
rates climbed this week owing to market concerns of a tight labor
force and wage growth. May’s unemployment rate remained at the second
lowest level since May 2001 while average hourly earnings rose.
Additionally…”
You do not have to travel across the United States or around the world to find money making properties that will financially take care of you for the rest of your life.
Popularity: unranked [?]
