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06/29/2006 Inman Innovator Award finalists announced
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Inman News today released the names of the finalists for the coveted 2006 Inman Innovator Awards. Winners will be announced at the annual Real Estate Connect SF technology conference, July 26-28, at the Palace Hotel in San Francisco.
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06/29/2006 Man in ski mask attacks Napa real estate broker
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An attack on a Napa, Calif., real estate broker last week by a man wearing a ski mask prompted a multiple listing service in the area to issue an alert to subscribers.
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06/28/2006 Demand softens for Massachusetts real estate
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Sales of detached single-family homes and condominiums declined across Massachusetts for a second consecutive month in May compared to year-ago levels, as higher mortgage rates, slow income and job growth, and a record number of homes for sale this spring prompted buyers to proceed more cautiously before purchasing a home, according to a report issued Tuesday by the Massachusetts Association of Realtors.
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06/28/2006 Fidelity subsidiary buys existing Florida flood insurance policies
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Fidelity National Financial's property and casualty insurance subsidiary has approval to purchase 63,000 flood insurance policies throughout Florida, the company said today.
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06/28/2006 Surging interest rates scare off borrowers
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Overall mortgage applications fell 6.7 percent last week on a seasonally adjusted basis from the week before, as sharp gains in interest rates dissuaded borrowers, the Mortgage Bankers Association reported today.
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06/28/2006 Real estate taxes, energy costs worry potential homeowners
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Rising property taxes and energy costs are among the leading worries associated with home ownership, according to an annual survey conducted by the National Association of Realtors trade group's Housing Opportunity Program.
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06/28/2006 Overnight real estate rates up for 7th day
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Long-term mortgage interest rates were up again Tuesday, and the benchmark 10-year Treasury bond yield dipped to 5.2 percent.
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06/28/2006 Get inside the commission blackbox
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Every few years Realtors and their commissions come under scrutiny and it is happening again now.
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06/27/2006 Riskiest real estate markets in coastal areas
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Thirteen real estate market areas have more than a 50 percent chance of falling house prices within two years, and eight of those areas are in California, three are in Massachusetts, one is in New York and one is in New Jersey, according to a quarterly report by PMI Mortgage Insurance Co., a subsidiary of The PMI Group Inc.
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06/27/2006 Home sales plunge 21% in California
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Sales of existing homes in California dropped 21.1 percent in May, while the median price increased 8 percent, according to an industry report.
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