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08/24/2007 Texas-based Coldwell Banker firm expands to six states
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Coldwell Banker United, Realtors, based in College Station, Texas, today announced an acquisition that expands the company's operations to Florida.
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08/24/2007 New-home sales down 10% in July
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The rate of new single-family home sales dropped about 10.2 percent in July and the median sales price rose 0.59 percent compared to the same month last year, the U.S. Census Bureau and Department of Housing and Urban Development announced today.
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08/24/2007 What to do when everyone's gone fishin'
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August doldrums here. I have a closing scheduled for next week and every little thing that has to be done I am doing with the utmost, nearly slavish, care, because I have so much time on my hands. Scheduling the walk-through? Why, I did that today, with my pings to both my dear client and the listing broker getting answered instantly. Guess that's a nice reminder that no one else is too busy either.
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08/24/2007 Overnight real estate rates hit flat spot
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Long-term mortgage interest rates were mostly unchanged Thursday, and the
benchmark 10-year Treasury bond yield dipped to 4.64 percent.
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08/24/2007 This Week's Mortgage Market
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This week in the US mortgage market mayhem continued to roll, as the subprime dilemma seemed to saturate the lending site. To put a stop to any full-sized credit crisis the Federal Reserve once again provided cash to the banking system then distributed a highly predictable interest rate cut.
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08/24/2007 Brokerage rolls out REO search for consumers
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A California real estate brokerage company has added a new feature that allows consumers to view bank-owned foreclosure properties that are currently on the market.
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08/24/2007 What's Craig up to these days?
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Craig Newmark is a customer service rep and founder of craigslist. He started craigslist in 1995 and it quickly grew to become the most influential classifieds site on the Internet. Since then, he has maintained an obsessive commitment to customer service to the craigslist community. He sits down with InmanTV to share some of his new community efforts, involving Mideast peace and new forms of media, "participatory journalism" and blogging.
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08/24/2007 Mortgage Companies Going Belly-Up
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GreenPoint Mortgage Funding is the latest mortgage company to shut its doors this year. Credit card giant CapitalOne, headquartered in the shadow of Washington, D.C., announced the immediate shutdown of GreenPoint, its loan origination subsidiary. Talk about a good idea gone bad -- CapitalOne just bought the company December of last year.
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08/24/2007 Lower Treasury Yields, Fed Rate Cut Help Ease Mortgage Rates
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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 6.52 percent with an average 0.4 point for the week ending August 23, 2007, down from last week when it averaged 6.62. Last year at this time, the 30-year FRM averaged 6.48 percent.
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08/24/2007 Larger Home, Condo Values Hit Hardest
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Larger homes and condos are taking the greatest value hits, when compared to smaller homes, as the overall decline of home values is impacting consumer spending -- a bellwether of economic health.
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