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06/29/2007 North Las Vegas tops list of fastest-growing U.S. cities
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North Las Vegas, Nev., was the fastest-growing city in the U.S. from July 1, 2005, to July 1, 2006, among cities with a population of 100,000 or more, according to U.S. Census Bureau data released this week.
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06/29/2007 New rules will disqualify many for subprime ARM loans
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Federal regulators have finalized new guidance on subprime lending,
instructing banks and other lenders to qualify borrowers at the fully indexed
rate, and not allow stated income and reduced documentation unless mitigating
factors "clearly minimize the need for verification of a borrower's repayment
capacity."
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06/29/2007 NAHB index: affordability ranges from Kokomo to Los Angeles
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About 43.9 percent of new and resale homes sold in the first quarter were affordable to families earning the national income, according to the latest Housing Opportunity Index data released this week by the National Association of Home Builders trade group and Wells Fargo.
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06/29/2007 Legends and tales taking blame for housing downturn
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The 10-year T-note fell this week all the way to 5.05 percent from its 5.26 percent top two weeks ago. Long-term mortgage rates have settled today near 6.75 percent.
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06/29/2007 Residential construction spending drops for 15th straight month
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The residential construction spending rate dropped 17.6 percent in May compared to the same month last year, the U.S. Census Bureau announced today, falling for the 15th consecutive month and reaching its lowest level since April 2004.
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06/29/2007 Bloggers chase top blog innovator title
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The Inman Innovator awards will be presented Aug. 1 at Real Estate Connect in San Francisco.
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06/29/2007 Don't stay a renter forever
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Are your buyers waiting the market out? If so, here's how to get them off the fence and under contract.
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06/29/2007 Fair housing?
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A little head-scratcher for the Fourth of July: It seems odd, in the New York City of 2007, to think about Fair Housing. Everyone is priced out of Manhattan apartments, black, brown and white alike, and it is tough to imagine that, if a purple customer came falling out of the heavens with a suitcase full of cash, brokers wouldn't trip all over themselves to serve him.
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06/29/2007 Real estate rates up overnight
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Long-term mortgage interest rates inched up Thursday, and the benchmark 10-year Treasury bond yield gained to 5.11 percent.
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06/29/2007 Lenders pony up $1M to produce foreclosure-prevention PSAs
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Borrowers facing difficulty making their mortgage payments will be urged to call their lenders in a TV, radio, print and Internet public awareness campaign produced by NeighborWorks America and the Ad Council.
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