The National Association of Realtors revealed August sales of existing homes were down 10.7 % from last year while the median home price fell 9.5 %. In the Northeast, sales dropped 15.0 % below a year ago, with the median price $271,000, down 3.8 % from August 2007. So with everyone scared about the value of their homes, why is National [...]

I was recently a guest on Real Estate Insight with Sally Lapides, which airs every Sunday on WHJJ at 10:00am. I sat down with Sally and Steve Tetzner to discuss the launch of the new website. Very exciting news! Here are some of the topics they covered: 1: The new Web Platform. 2: Some of the new site features including, Mapping with Microsoft Virtual Earth. [...]

The mortgage crisis has set off an incredible chain of events. Lenders have tightened requirements, giving even the most creditworthy borrowers a hard time when it comes to qualifying for a new mortgage or refinancing an existing one. In this Climate, a sensible person could talk themselves out of buying, but history proves that over the [...]

After the devastation of Katrina, many homeowners found out that their homeowners insurance did not adequately cover the damages they sustained. This week, Rich and Steve spoke with Andrew Lefebvre from [...]

According to the U.S. Department of Energy, heating and cooling account for 50% to 70% of the energy used in a typical home. Given what's happening with oil prices, it is crazy not to make your home as energy efficient as possible. Here are some tips to help save energy this winter, some do not cost anything, while others can get pretty [...]

According to the 2007 NAR Buyers and Sellers survey, 1/3 of recent buyers reported that their first step in the homebuying process was looking online for properties for sale, and overall, 84% of buyers used the Internet to search for homes, but it doesn't take a genious to know that the internet has changed the world. About the same time [...]

We've launched our new site! Here's the Press Release: Residential Properties Ltd., today announced the launch of their newly designed website, ResidentialProperties.com. Visitors to the new Residential Properties website will find all the things they expect to see on a real estate website including property searches, open houses, rentals, [...]

There are signs that the market is slowly slowly coming back: Last week the National Association of Realtors reported that the pending sales index was up 5.3% in June from the prior month, but remains 12.3 percent below June 2007. Pending sales are up 3.4% in the Northeast, down 15% from June 2007. The Pending Home Sales Index is a [...]

[gallery] It seems that everyone in the office is getting back to basics. In spite of the downturn in the market and the gloomy national press, people still need to buy and sell houses, and good houses that are properly priced are selling in all price ranges. Agents with no business are falling back on fundamentals to affect their business, [...]

One of the highlights of the bill waiting to be signed by Bush is a tax credit of up to $7,500 for first-time home buyers, but according to the bill, the tax credit has to be returned in installments over 15 years. As you read the fine print, a recent [...]