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RISMEDIA, October 23, 2010—(MCT)—If you’ve been toying with the idea of taking out a reverse mortgage, it is important to take into consideration that today’s market is significantly different from what it was just a couple of months ago. Monthly insurance premiums on new loans went up this month, making an expensive product even more so. But the Department of Housing and Urban Development has offset that rise by introducing another reverse mortgage—the Home Equity Conversion Mortgage Saver—which slashes the …

RISMEDIA, October 22, 2010—At one time or another, everyone has found themselves in situations where they have regretted wishing for something because of a bad outcome. But what would you wish for if you were given a magic wand today and you could have one wish to improve the real estate industry? In this month’s Power Broker Roundtable, industry experts John Smaby, Gary Scott, Robert Bailey, Merle Whitehead and Sherry Chris take the opportunity to discuss what they would do …

Maria Patterson: Please provide us with a snapshot of your storied real estate career to date.
Dick Schlott: I’m a born entrepreneur. Even as a kid, a friend and I would pick raspberries for a farmer who would pay us 10 cents a pint, then we would buy them from him for 20 cents a pint and go sell them around the neighborhood for 50 cents a pint! I guess you could say I took that same spirit and energy …

How Will The Bank of America FORECLOSURE FREEZE Affect the Real Estate Market in the Coming Months?

We WANT Your Opinion!

RISMEDIA, October 11, 2010—Coldwell Banker Real Estate LLC has released its Home Listing Report, a snapshot survey of U.S. four-bedroom, two-bathroom home listings, which found a .7 million difference between America’s most expensive and most affordable housing markets. Newport Beach, Calif., led the list of most expensive real estate markets in America, with an average home listing price of approximately .83 million for property listings meeting the subject home criteria. By contrast, America’s most affordable housing market was Detroit, Mich., …