Housing downturn only temporary
0 CommentsThe Business Review (Albany):Â
David Lereah told a gathering of about 400 real estate agents at a hotel in Saratoga Springs Monday morning that the decline that started in August 2005 was needed to bring equilibrium back to a residential real estate market that had tilted too heavily toward sellers.
He predicted a rebound in the next three to six months in most parts of the country, provided the Federal Reserve doesn’t start raising interest rates again. Some areas in the South and West will take longer to recover because the boom of the past five years was much sharper than in New York and other states, he said.
Coldwell Banker Real Estate Corporation has taken the next step in simplifying the home search process for consumers with today’s launch of the new Coldwell Banker Personal Retriever(R). Utilizing Real Simple Syndication (RSS) technology, the online Personal Retriever now has a downloadable ‘widget’ application that automatically delivers daily, personalized real estate listings directly to a computer desktop. Each day it showcases all newly listed properties that meet a consumer’s specifications (e.g., location, price range, etc.), complete with a link directly to more fully detailed information about the property on 