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09/22/2006 War of words breaks out in MLS merger debate
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The heated debate in the Chicago area over a proposed joining of a large association-owned multiple listing service with a competing broker-owned MLS is now boiling over as an all-out war of words.
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09/22/2006 Energy prices fall, mortgage rates follow
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The Treasury-bond market has had its best week in 18 months, the 10-year T-note today 4.61 percent, and that dragged low-fee mortgage rates below 6.5 percent. The improvement in mortgages was not as big as the Treasury move, but catch-up trading should soon take us to 6.25 percent.
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09/22/2006 Tips for agents facing short-sale obstacles
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(This is Part 2 of a two-part series. Read Part 1.)
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09/22/2006 Indymac keeps CEO with promise of up to $8.94M in pay
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Indymac CEO Michael Perry could take home up to $8.94 million in salary and incentives next year under a new five-year, performance-based contract.
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09/22/2006 Demand for Houston real estate jumps in August
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Houston, Texas, real estate sales gained from their year-ago levels for the 11th straight month in August, breaking more sales and price records, the Houston Association of Realtors reported today.
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09/22/2006 KB Home reports partial results: 6% rise in Q3 revenues
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KB Home reported partial results for the third quarter this week, though the company is not reporting some earnings information based on an investigation of stock-option-grant activities.
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09/22/2006 Bad property renovations
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When I edited a newspaper real estate section on a weekly basis, I spent a lot of time doing stories about renovations: "How to Survive Your Renovation! Renovations That Make You Money! Cheap Fixes that Work!" "Floor Profit!"
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09/22/2006 Housing, confidence slow economy
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The U.S. leading index, a key barometer of economic conditions, sank 0.2 percent in August, the Conference Board reported, taken lower by sagging home construction and waning consumer confidence.
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09/22/2006 Tighter standards for new mortgages coming soon
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New guidelines that would require banks to tighten underwriting standards and
track portfolio risks on nontraditional mortgages while providing more
comprehensive disclosures to borrowers will be finalized this fall, a federal
regulator told members of the Senate Banking Committee Wednesday.
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09/22/2006 Overnight real estate rates ride downtrend
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Long-term mortgage interest rates were down again Thursday, and the benchmark 10-year Treasury bond yield fell to 4.64 percent.
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