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08/29/2007 Real Estate Related Laws Passed in the 2007 Legislative Session
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The 2007 Legislative session is over and it was a roller coaster. Approximately 3000 bills were introduced in the house and senate. Of that number, roughly 1000 bills passed. The IREM and BOMA legislative committee with help from lobbyist Bill Cross paid close attention to over 200 bills that directly affected our industry.
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08/29/2007 Market Conditions
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The historical city of Alexandria, Virginia, has seen a decline in home sales compared to last year at this time.
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08/28/2007 Stewart Title faces $1.95 million fine in Washington state
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Washington state officials are seeking $1.95 million in fines against Stewart Title Guaranty Co. for allegedly using illegal incentives and inducements to win business from real estate agents, brokers and agencies.
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08/28/2007 U.S. home-price index falls at record level in Q2
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An index measuring home-price changes dived at a record level in the second quarter, falling 3.2 percent compared to the same quarter last year.
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08/28/2007 Michigan MLS argues antitrust suit lacks evidence
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A federal antitrust lawsuit against a Michigan MLS "is not about competition between 'traditional' brokers and 'discount' brokers," the MLS contends in a court filing -- rather, it is all about whether the MLS can establish different rules for different types of real estate listings.
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08/28/2007 Consumer confidence falters
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Consumer confidence tumbled in August as troubles in business, stocks and mortgages put Americans in a darker mood, The Conference Board reported today.
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08/28/2007 Realtor.com rolls out blogging features
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Property-search site Realtor.com today launched a free blogging platform for Realtors called Featured Blog that can be viewed as a standalone Web site page or within a personal Web site.
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08/28/2007 Mixed night for real estate rates
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Long-term mortgage interest rates were either flat or lower Monday, and the
benchmark 10-year Treasury bond yield dipped to 4.57 percent.
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08/28/2007 IndyMac sells $590 million in Alt-A MBS
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IndyMac Bank last week sold $590 million in bonds backed by prime jumbo loans, the company said Monday -- the first bonds the lender has traded since July 19, when "fear-induced illiquidity" froze the market.
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08/28/2007 Subprime Fallout Threat Worse Than Terrorism
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Homeland Security's threat level for terrorism has largely been in the stand-by yellow "Elevated" mode pretty much since 9/11.
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