Archive for June, 2008

California Association of REALTORS, Costello & Sons Insurance to form “Real Estate Risk Services”

LOS ANGELES – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) and Costello & Sons Insurance (CSI) today announced the creation of Real Estate Risk Services LLC (RERS), a subsidiary of Real Estate Business Services Inc. (REBS).

Kennedy Wilson Auction Group Sells 41 Luxury Model Homes

BEVERLY HILLS, Calif. – Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted two auctions of 41 luxury model homes on May 31st, and June 1st, 2008.

New Home Sales in Orange County Jump 20 Percent at End of First Quarter

Irvine, CA.,  – According to recent figures released by Hanley Wood Market Research, new home sales in Orange County spiked roughly 20 percent in March compared to February sales. A total of 206 new home sales were reported for March as compared with a total of 173 new home sales for February.

New-Home Production Remains Weak in April, CBIA Announces

Projected new-home starts for 2008 would be lowest yearly total on record
SACRAMENTO — California new-home production in April continued to lag behind last year’s production levels, increasing chances that new-home production would fall to the lowest level in recorded history, the California Building Industry Association reported today.