Chicago continued to hold onto the No. 1 spot for most searched for real estate market at Realtor.com in November. What other markets did potential home buyers have their eyes on last month? Realtor.com releases its top search ranking from November based on 146 metro areas.
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The average foreclosed home sells for $182,489, according to RealtyTrac. But not all REOs come cheaper than other homes on the market: A bank-owned penthouse condo overlooking San Francisco’s Art District recently sold for $28 million, making it the priciest condo sale in the city’s history, MSNBC reports.
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The Securities and Exchange Commission is accusing six former Fannie Mae and Freddie Mac executives, including ex-CEOs, of misrepresenting their holdings of high-risk mortgage loans in the GSEs’ portfolios.
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Become a specialist and target a niche market in your real estate business in 2012, suggests Alan Shafran, with Prudential California Realty in San Diego and president of ShowingSuite.com, in a recent article at RISMedia. Shafran offers some of the following tips for creating a business plan in real estate for success in the new year:
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Homes and buildings in Texas account for about 40 percent of the state’s overall energy use, but the state wants to curb that and is cracking down on energy consumption among new single-family homes via a new code in January.
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