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10/20/2006 Fed pause likely next week
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Long term rates stabilized this week, near 4.8 percent for the 10-year T-note holding low-fee fixed-rate mortgages at 6.375 percent.
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10/20/2006 Chicago MLSs move closer to merger
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Despite a rift among shareholders of the Multiple Listing Service of Northern Illinois, its board of directors this week approved a consolidation with a rival Chicago-area MLS. The consolidation is not a done deal yet, though, as MLSNI shareholders must also consider the transaction.
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10/20/2006 Home improvement market weakens
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Homeowner remodeling spending continued to show signs of easing through the third quarter of 2006, with homeowners spending an estimated $160.5 billion on home improvements and repairs over the past four quarters, according to a survey released today.
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10/20/2006 Relaxed lending standards concern regulators
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Comptroller of the Currency John C. Dugan is voicing concerns that many retail lenders have relaxed their underwriting standards, offering borrowers more home equity loans with high loan-to-value ratios and longer interest-only periods, and backing piggyback loans to avoid mortgage insurance requirements.
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10/20/2006 North Carolina home sales slip
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Existing-home sales in North Carolina dropped 4 percent in September compared to a year ago, while the average home price gained modestly, the North Carolina Association of Realtors reported.
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10/20/2006 Prudential CA/NV/TX feeds real estate listings to Google
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Prudential California/Nevada/Texas Realty this week announced a content partnership with Google to provide property listings and agent information to the search-engine company.
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10/20/2006 The three-hour closing
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DONE!
The first listing that I took waaaay back in the spring just closed today, and I got a check for $6,000 and everything.
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10/20/2006 Overnight real estate rates get boost
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Long-term mortgage interest rates were higher Thursday, and the benchmark 10-year Treasury bond yield increased to 4.79 percent.
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10/20/2006 Blogging 101 for real estate
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(This is Part 2 of a four-part series. Read Part 1.)
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10/20/2006 New California Forecast: 2 Percent Home Price Decline
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The latest forecast for the California housing market's reversal of fortunes jibes with a previous outlook predicting flat, rather than falling home prices in California for the next few years.
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