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10/27/2006 Best September ever for Austin real estate
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Austin, Texas, home sales set another record in September as single-family transactions rose 2.7 percent over their year-ago level, the Austin Board of Realtors reported.
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10/27/2006 LandAmerica earnings fall 64%
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The slowdown in the housing market sent third-quarter profits at LandAmerica Financial Group down 64 percent compared to last year, the company reported.
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10/27/2006 California mortgage brokers call for licensing all loan originators
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A trade group representing California mortgage brokers says the best way to protect consumers from the risks associated with nontraditional loans is to license all loan originators -- and not place new restrictions on the loans themselves.
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10/27/2006 Overnight real estate rates tumble
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Long-term mortgage interest rates came down Thursday, and the benchmark 10-year Treasury bond yield dropped to 4.72 percent.
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10/27/2006 New York city to crackdown on real estate ads
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About one in three New York City real estate agents who advertise "no fee" apartments at online sites actually charge a broker fee, a New York City Council investigation revealed Thursday.
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10/27/2006 It Is A Good Time To Decide
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It sounds tired, trite, hackneyed, even a little specious, especially when it's become little more than a marketing slogan used to describe just about any housing market, no matter how bleak or bright.
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10/27/2006 The Runaround? A Lending Tale
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I don't see it often, but occasionally I'll run across a real smart guy. Someone who knows the in's and out's of the lending business, so much that they try to outsmart the system. There are certainly more than enough stories about loan fraud, but most often those stories involve an unscrupulous loan officer and a mortgage company. Not this time. This time it was about a mortgage company and a potential home buyer. And the loan officer was me. Only the name was changed to protect the potentially guilty.
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10/27/2006 Median House Prices Slip as Mortgage Rates Edge Up
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McLEAN, VA -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.40 percent with an average 0.4 point for the week ending October 26, 2006, up from last week when it averaged 6.36 percent. Last year at this time, the 30-year FRM averaged 6.15 percent.
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10/27/2006 How to Hold Title
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A great teacher taught me years ago that many of the nuances of real estate law only matter when it matters. How you hold title is one of those nuances and it really matters when it matters.
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10/26/2006 In slow market, agents turn to creative pricing
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Carlton Lund was skeptical when he first heard about a real estate marketing technique in which agents list a price range rather than a fixed price for a property.
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