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01/26/2007 New-home sales fall 17.3% in 2006
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An estimated 1.06 million new single-family homes were sold
in 2006, down about 17.3 percent compared to 2005, the U.S. Census Bureau and
the Department of Housing and Urban Development reported today.
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01/26/2007 Midwest real estate endures prolonged slowing
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The cooldown in housing markets across Illinois and Ohio continued in December, as sales fell below their 2005 levels for the ninth straight month, according to Realtor associations in both states.
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01/26/2007 Overnight real estate rates shoot higher
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Long-term mortgage interest rates continued to rise Thursday, and the benchmark 10-year Treasury bond yield jumped to 4.88 percent.
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01/26/2007 Former Homestore CEO remains out of custody
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A U.S. District Court judge ruled that former Homestore CEO Stuart
Wolff, who was convicted in June for his role in a multimillion-dollar
accounting fraud, is not a flight risk and can remain out of federal custody as
he pursues an appeal of his conviction.
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01/26/2007 California housing production drops in '06
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Housing production in California fell for the second year in
a row in 2006, the California Building Industry Association announced today,
dropping 22 percent compared to 2005.
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01/26/2007 Mortgage Rates Come in Mixed This Week
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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 6.25 percent with an average 0.4 point for the week ending January 25, 2007, up from last week when it averaged 6.23 percent. Last year at this time, the 30-year FRM averaged 6.12 percent.
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01/26/2007 Watch Out For Nontraditional Foreclosure Contracts
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It looks like 2007 is going to be a very hot year for foreclosure sales, according to RealtyTrac.com, creator of the largest U.S.-based foreclosure database. The latest numbers released this week show that while foreclosures filed in December 2006 were 9 percent less than November, it was still up 35 percent December year over year.
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01/26/2007 Dog Blog 1.0
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I found out my dog has a blog. It was inevitable. It's a dog-blog and he paws his thoughts on some blog website somewhere for everyone to read. Seems he read an article that to get business you need a blog, hence the blog-de-la-dog. But I don't think blogs work anymore. At least as business-getters.
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01/26/2007 Realty 'Apprentice' Suffering Tent Life: 'I Quit!'
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Underscoring how living conditions at home can impact the ability to cope and succeed in life, an NBC-TV "The Apprentice" candidate, real estate investor Michelle Sorro, 34, of Los Angeles, became only the second contestant to quit during the hit reality television program's six season history.
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01/25/2007 California real estate sales slip 15% in December
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Most cities and counties in California experienced a drop in
median home prices in December compared to the same month in 2005, according to
data on new and existing condo and single-family home sales.
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