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10/26/2006 Lowe's To Sell Off-The-Shelf Homes In Gulf Region
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If you live in Louisiana or Mississippi, it won't be long before you can jump in the car, drive down to neighborhood Lowe's and buy a new home for a cool $25,000 to $50,000.
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10/26/2006 Carpets Pose a Variety of Indoor Pollution Concerns
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I recall that 20 years ago every new home had to have wall to wall carpeting.
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10/25/2006 Federal funds rate stays at 5.25%
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The Federal Reserve voted to keep the federal funds rate at 5.25 percent Wednesday, raising expectations that the benchmark short-term interest rate will remain unchanged for the near future.
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10/25/2006 'Exurbs' offer glimpse at future growth trends
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Exurbia -- that urban fringe beyond the suburbs -- grew 31 percent in the 1990s, which is more than twice as fast as the metro areas that exurban communities surround.
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10/25/2006 Golden State home sales, prices take hit
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The rate of existing-home sales decreased 31.7 percent in September compared to September 2005, the California Association of Realtors trade group reported today, while the statewide median price for an existing single-family detached home increased 1.8 percent to $553,050.
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10/25/2006 Mortgage-backed securities may be exempt from new accounting rule
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Investors who hold $3.5 trillion in agency mortgage-backed securities would not be required to recognize gains and losses that are driven by interest rates if proposed changes to a new derivatives accounting rule are approved by regulators.
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10/25/2006 Demand for Florida real estate wanes
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Existing-home sales in Florida plummeted 34 percent in September from their year-ago level, falling for the 10th straight month, as several markets reported higher inventory levels, the Florida Association of Realtors reported.
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10/25/2006 ResCap profits plunge 73%
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Residential Capital LLC today reported third-quarter net income of $76 million, down 73 percent from the $280 million earned in the same quarter last year.
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10/25/2006 Georgia couple sentenced to 9 years for mortgage fraud
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A former bank branch manager and his wife have both been sentenced to nine years in prison on charges including conspiracy to commit mortgage fraud.
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10/25/2006 Midwest real estate cooling deepens
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Real estate sales in Illinois and Ohio dropped for the sixth straight month in September, sending prices down further, according to statistics provided by Realtor associations in both states.
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