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09/28/2006 Canadian real estate sales maintain record pace
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The rate of Canadian home sales via the country's multiple listing service dropped 7.1 percent in August compared to the same month in the prior year, though year-to-date home sales are still on a record pace, The Canadian Real Estate Association reported today.
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09/28/2006 Real estate forecast calls for soft landing -- with turbulence
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The housing market will not crash unless the job market weakens significantly, though home prices are expected to stagnate for at least five years during this down cycle, according to the latest Anderson Forecast.
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09/28/2006 HUD won't raise insurance premiums for multifamily projects
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Premiums for mortgage insurance policies required for some FHA-backed multifamily housing developments will stay at current 2006 levels, HUD has announced.
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09/27/2006 Homeowners facing foreclosure can dial 3-1-1
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Baltimore residents in danger of falling behind on their house payments can now dial 3-1-1 for advice from a mortgage education and counseling program.
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09/27/2006 Beverly Hills ranks as most expensive U.S. real estate market
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Nine of the 10 most expensive real estate markets in the country are in California, and Beverly Hills tops the list, according to a home-price study released today by Coldwell Banker.
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09/27/2006 Survey: Homeowners still expect prices to go up
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Homeowners may have overly optimistic expectations that their homes will continue to appreciate as the housing market cools, according to a survey by investment bank RBC Capital Markets.
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09/27/2006 Real estate site lets users choose the news
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A new real estate news site, RealEstateVoices.com, allows its users to submit stories and vote for the top headlines.
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09/27/2006 Rates fall sharply, borrowers fail to take advantage
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Despite a sharp decline in interest rates, overall mortgage applications were down 4.9 percent last week on a seasonally adjusted basis from the week before, the Mortgage Bankers Association reported today.
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09/27/2006 New-home sales drop 17.4%
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The sales rate for new single-family homes dropped 17.4 percent in August and the median price dropped 1.3 percent compared to August 2005, the U.S. Census Bureau and the Department of Housing and Urban Development reported today.
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09/27/2006 Fraudulent mortgages used to buy Canadian drug houses
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A Canadian mortgage broker has been sentenced to a year in jail for submitting forged documents with loan applications, some of which were used to buy homes that were used in indoor marijuana-growing operations.
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