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Golden State home price soars 22% Premium Content

By Inman News, Monday, April 26, 2004.

The median price of an existing home in California in March increased 22 percent and sales increased 4 percent compared to the same period a year ago, the California Association of Realtors reported today.

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Fidelity buys stake in outsourcing co. Premium Content

By Inman News, Monday, April 26, 2004.

Fidelity National Financial has signed a $150 million outsourcing contract with Covansys, a global provider of strategic outsourcing and integration services that has operations in India, and purchased a 29 percent equity stake in the company.

 

The agreement will make Covansys Fidelity's "primary  more...

FTC seeks new fees for Do Not Call Registry

By Inman News, Monday, April 26, 2004.

The Federal Trade Commission is accepting public comments on proposed fee changes for industry access to the National Do Not Call Registry.

 

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Logistics co. signs leases in Eden Prairie

By Inman News, Monday, April 26, 2004.

C.H. Robinson Worldwide, a third-party logistics company, signed two leases in Eden Prairie, Minn.  more...

Mortgage rates flat

By Inman News, Monday, April 26, 2004.

Long-term mortgage interest rates remained the same Monday, and the benchmark 10-year Treasury bond yield slipped to 4.43 percent.

The 30-year fixed-rate average was unchanged at 5.69 percent, and the 15-year fixed-rate was slightly higher at 5.02 percent. The 1-year adjustable remained at 3.18 percent.

The 30-year Treasury bond yield decreased to 5.23 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.  more...

Digitas leases office space in Boston

By Inman News, Monday, April 26, 2004.

Arch Street Tower, owner of 33 Arch Street in Boston, has leased 200,000 square feet of office space to anchor tenant Digitas, a marketing services firm.

 

Congress Group Ventures along with other investors owns the tower.

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Existing-home sales hit second-highest level in March

By Inman News, Monday, April 26, 2004.

Existing single-family home sales in March were up about 12.7 percent above March 2003 numbers, reaching the second-highest level on record, the National Association of Realtors reported today. Existing-home sales hit a seasonally adjusted annual rate of 6.48 million units in March, compared with the record of 6.68 million in September 2003.  more...

CUE gets building, plus acreage

By Inman News, Monday, April 26, 2004.

CUE Properties, a local Minneapolis investor, has purchased a 479,845-square-foot building with acreage at 3501 Marshall Street in Minneapolis.

 

The seller was C&S Wholesale Grocers, is a privately owned company with annual sales approaching $13 billion.  more...

Koll to build Citi Cards call centers

By Inman News, Monday, April 26, 2004.

Koll Development Co., a commercial real estate firm, has executed leases with Citigroup to develop and lease three identical build-to-suit call centers simultaneously over the next 7 months for the Citi Cards division. The new call centers will be located in Louisville, Ky., Greensboro, N.C., and Boise, Idaho.  more...

Chicagoland foreclosure pace up

By Inman News, Monday, April 26, 2004.

Foreclosures.com reported today that the number of homes entering the foreclosure process in the Chicago metro area remains higher than usual.  more...

Real estate broker sends agents to college

By Inman News, Monday, April 26, 2004.

Prudential California Realty will develop a Real Estate Leadership Certificate program with the School of Extended Education at Saint Mary's College.  more...

Send real estate spam at your own risk Premium Content

By Jessica Swesey, Monday, April 26, 2004.

Dirk Knudsen, like many legitimate e-mail marketers, worries that the culprits behind the 200-plus junk e-mail messages he receives each day threaten to hurt his real estate business. With federal spam regulations in motion, almost everyone who conducts business communication through e-mail is walking on compliance eggshells.

Knudsen, president and associate broker of RE/MAX Metro in Beaverton, Ore., uses e-mail to market to consumers who have signed up for his services through his Web site.  more...

Texas Realtor trumps 'The Donald' Premium Content

By Glenn Roberts Jr., Monday, April 26, 2004. A Realtor in Texas who was fired up over Donald Trump's comments during a February interview on NBC's "Today" program was treated to a personal response from the infamous billionaire. But she is still waiting for his apology.

"The Donald" responded to a question by "Today" co-anchor Matt Lauer with a few choice words about real estate agents, and Nancy Anonsen couldn't believe her ears.  more...

Bankruptcy jeopardizes real estate assets

By Robert Bruss, Monday, April 26, 2004.

DEAR BOB: I am a single mother who owes about $27,000 in credit-card debt. I also owe $177,650 on my home mortgage. It is my primary residence. Can I file bankruptcy without including my mortgage so I won't lose my home? – Fabiana B.

DEAR FABIANA: Please don't file bankruptcy unless you fully understand the adverse consequences. Your credit will be ruined for at least two years, usually longer.  more...

Real-estate handbook fails to inform

By Robert Bruss, Monday, April 26, 2004.

Long-time real estate author Andrew James McLean's latest book "The Home Buyer's Advisor" is not up to the standards of his previous books. This new book goes through the motions of explaining home-purchase fundamentals, but it is out of touch with the realities of today's home-sales marketplace.

For example, McLean begins with the home-buyer basics of saving for a down payment by cutting down on expenses and using credit wisely. That's fine. But meanwhile, as U.S.  more...

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