NAHB Commends President’s Proposed Energy Efficiency Incentives

RISMEDIA, March 9, 2010—Home energy efficiency incentives proposed by President Barack Obama will create much-needed jobs and help make America more energy independent, according to the National Association of Home Builders (NAHB). Speaking recently in Savannah, GA., President Obama outlined a $6 billion proposal to provide cash rebates to home owners who make energy-saving home improvements. “This has the potential to be a real shot in the arm for the home building industry,” said NAHB Chairman Bob Jones, a builder and developer in Bloomfield Hills, Mich. “It will help put America back to work and it will help families save on monthly energy bills.”
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Source: www.rismedia.com

Things Are Looking Up - Finding Success During Tough Economic Times

RISMEDIA, March 5, 2010—Despite the changes in the real estate industry and the economic despair that accompanied 2009, Realty Executives International, Inc. has maintained a steadfast approach in its commitment to supporting its “Executives” (real estate agents) in their success. Contrary to the consumer-focused approach of most real estate companies, Realty Executives’ Owner and Executive Chairman Rich Rector believes that consumers reap the benefits of agents distinguished in their marketplace for productivity, entrepreneurial business approach and expert real estate knowledge.
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Source: rismedia.com

Fort Lee Expansion Has Been Economic Boon For Area

Emily C. Dooley Times-Dispatch Staff Writer
Published: February 28, 2010
Base's growth brought jobs, will bring more Deep into the recession, Dave Martin still had plenty of work. His company, Hall Brothers Electrical Contractor Inc., won four subcontractor contracts working on expansion projects at Fort Lee. The first contracts started in June 2007 and the firm at times employed as many as 100 people to handle the work.
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source: timesdispatch.com

Existing Home Sales Down in January but Higher than a Year Ago; Prices Steady

Washington, February 26, 2010 - Existing-home sales fell in January but are above year-ago levels, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes, condominiums and co-ops – dropped 7.2 percent to a seasonally adjusted annual rate1 of 5.05 million units in January from a revised 5.44 million in December, but remain 11.5 percent above the 4.53 million-unit level in January 2009.
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Source: realtor.org

National Association of Realtors Launches New Consumer Website

RISMEDIA, February 18, 2010—The National Association of Realtors® (NAR) announced the launch of HouseLogic, a new, comprehensive consumer website about all aspects of homeownership. HouseLogic helps homeowners make smart decisions and take responsible actions to maintain, protect and increase the value of their homes.
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Source: rismedia.com

Fourth Quarter Existing-Home Sales Surge in Most States, Prices Up in More Areas

WASHINGTON, February 11, 2010 - Strong gains in existing-home sales were the predominant pattern in most states during the fourth quarter, with many more metro areas seeing prices rise from a year earlier, according to the latest survey by the National Association of Realtors®. Sales increased from the third quarter in 48 states and the District of Columbia; 32 states saw double-digit gains. Year-over-year sales were higher in 49 states and D.C.; all but three states had double-digit annual increases.
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Source: www.realtor.org

The Basics: Extended Home Buyer Tax Credit 2009/2010

Bringing the Dream of Homeownership Within Reach.
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
•• Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
•• Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.
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Source: www.realtor.org