Archives for February 2011

Are All Those People Really Your Friends?



Throughout history, from pre-language communications to the new social media, connection has been the catalyst for cultural evolution. Connection is about sharing ideas, but in 2011, when advertisers entice us to “like” them on FaceBook, and marketers measure their effectiveness by how many Twitter followers they can acquire, the quality of the connection has been eroded.

VirtualTourCafe Welcomes Sales Boost in Rebounding Market



VirtualTourCafe launched last year and has a client list that includes Coldwell Banker, RE/MAX, Prudential, Keller Williams, ERA, Century 21, and Weichert. According to CEO Tim Denbo, other virtual tour services were either too expensive, too complex, or simply not using modern, competitive technology.

Realty Trac: Foreclosures Decreased in 2010



Realty Trac, a website that serves as an open online marketplace for foreclosure purchases, announced its fourth quarter foreclosure sales report for 2010, revealing that the number of foreclosures actually decreased in 2010 but still accounted for 26 percent of all residential sales. In 2009, the percentage was 29.

New Home Sales Decline 12.6% in January



New U.S. home sales fell more than expected in January, a report by the Commerce Department showed on Thursday. January saw only 188,000 new homes available for sale, the lowest number since December 1967.

Emerson Group Expands Reach & Services



Emerson Group just announced a re-brand of its company name, website, and also revealed three new divisions of the rapidly expanding company. One of North Carolina’s fastest growing commercial real estate companies just got bigger.

Barwa Real Estate Nearly Doubles Profit in 2010



Barwa Real Estate says that profits soared after an acquisition spree in 2010. Qatar’s biggest publicly traded developer by assets, posted some impressive numbers, and in a filing to the Qatar exchange yesterday its full-year net profit rose to 1.4 billion rials.

FHLBank San Francisco Gives $36.6M in Housing Grants



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Sotheby’s Realty – Doing Their Digital Best



In luxury real estate news, Daniel Gale Sotheby’s International Realty participated in a recent Northeast regional conference for Sotheby’s International Realty® affiliates. Members located in Connecticut, Washington, D.C., Delaware, Massachusetts, Maine, New Jersey, Pennsylvania, New York and Rhode Island attended the conference aimed at networking.

Stewart Lender Services Introduces FHA Qualification Package



Stewart Lender Services, in conjunction with Spectrum Field Services, announced the availability of a new qualification package for investors that provides them with a comprehensive analysis of loss recovery for REO assets.

Kite Realty Group Invests in Wilmington



Indianapolis real estate investment trust, Kite Realty Group, reports expanding its retail holdings with the purchase of a Wilmington, NC shopping center. Kite already owned a big stake in The Center in Carmel, and has now furthered its share.