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06/30/2006 Real estate regulatory group wraps up CEO search
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The deadline is Friday, June 30, for candidates interested in applying for the CEO position at the Association of Real Estate License Law Officials, an international federation of real estate regulatory agencies.
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06/29/2006 Online market grows for real estate advertising
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Online real estate advertising grew from a $1.2 billion market in 2004 to a $1.7 billion market last year, increasing its share of total real estate ad spending from 10.3 percent to 14.7 percent in that time, according to an annual report produced by a research and consulting company.
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06/29/2006 Fed raises key interest rate to 5.25%
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Just as many economists had predicted, the Ben Bernanke-led Federal Open Market Committee today announced the 17th consecutive increase in the federal funds rate, to 5.25 percent.
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06/29/2006 Title insurance costs cut after Spitzer probe
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The New York State Insurance Department approved a 15 percent rate reduction for title insurance in the state after New York Attorney General Eliot Spitzer launched an investigation into illegal rebates and referral fees among top insurers in the state.
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06/29/2006 Ohio real estate squeezed by rising interest rates
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Home sales activity throughout Ohio continued to slow in May, taking prices lower as well, the Ohio Association of Realtors reported this week.
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06/29/2006 Mortgage rates jump for third week
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Mortgage rates increased for the third consecutive week as markets expect the Fed to continue raising its key interest rate to keep inflation in check, according to surveys conducted by Freddie Mac and Bankrate.com.
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06/29/2006 Realtors group calls for affordable disaster insurance
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The National Association of Realtors this week offered testimony to Congress in support of affordable disaster insurance for homeowners.
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06/29/2006 Industry forms 'fraud squad' to combat lender losses
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As reports of real estate fraud persist, a group of industry leaders has formed the Coalition Against Broker Fraud to combat mortgage firms' mounting losses from insider mortgage fraud.
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06/29/2006 Businesses 'remain cautious' about economy, hiring
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A key indicator that measures job offerings in major newspapers nationwide dropped two points in May, following a two-point drop in April, the Conference Board reported today.
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06/29/2006 Overnight real estate rates up for 8th day
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Long-term mortgage interest rates were up again Wednesday, and the benchmark 10-year Treasury bond yield rose to 5.24 percent.
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