Archive for May, 2009

Virtual Realtors

In reading Stewart Penn’s recent blog in Activerain.com on virtual real estate offices, I have to agree he makes a good point.  Penn, a Los Angeles Condo Specialist, after years of being with nationally-branded real estate offices, weighed the advantages.
After years of being with nationally-branded real estate offices, Penn weighed the advantages of doing so. [...]

Environmental Risks for Commercial Property Owners

John J. Heft, Vice President, New Day Underwriting Managers, LLC writes a compelling article on Environmental Liabilities in the December issue of Multi-Housing News (MHN) real estate magazine.
Because of exclusions for mold in general liability policies, sizeable uncovered claims can wreck financial havoc for apartment owners if complaints to these problems are not tended [...]

Appraisal System May 24, 2009

Kenneth R. Harney in the 5/11/09 Washington Report writes an interesting warning to homebuyers and real estate professionals.
Consumers will be experiencing higher costs thanks to the mandatory new appraisal system just put in place by Freddy Mac and Fannie Mae.  With major lenders owning most of the management companies conducting the appraisal assignments, appraisers [...]

Real Estate Survey

LoopNet recently conducted an online poll I wanted to share with you.
The poll was entitled, When will Commercial Real Estate Bounce Back?
On the first question, “When do you expect the number of completed commercial real estate transaction sales to begin to pick up vs. 2008?” 42% responded 2010, and 25%, 2011 or later.
Question #2, What [...]

Apartment Owner’s Best Friend

There are more good reasons to have pets in apartments than bad ones, writes Karen Aho, of MSN Real Estate, in the 5-5-09 issue of the National Apartment Association’s IndustryInsider.
She goes on to say that apartment owners should advertise their apartments as “pet friendly” instead of offering free rent, wireless or free TV as [...]

Appraisal System

Kenneth R. Harney in the 5/11/09 Washington Report writes an interesting warning to homebuyers and real estate professionals.
Consumers will be experiencing higher costs thanks to the mandatory new appraisal system just put in place by Freddy Mac and Fannie Mae.  With major lenders owning most of the management companies conducting the appraisal assignments, appraisers [...]

Economic Outlook

Just last week, Chairman Ben S. Bernanke appeared before the Joint Economic Committee of the US Congress to offer his views on recent economic developments along with the outlook for the economy and current conditions in financial markets.
It’s no surprise that the gross domestic product (GDP) dropped 6% in the 4th quarter of 2008, [...]