By Glenn Roberts Jr., Sunday, June 20, 2004. Men were jumping from Wall Street windows in 1929, the year that Ebby Halliday graduated from high school. She survived the Great Depression selling hats, and hat sales would later lead her to a career in house sales. Sixty years ago, Halliday founded Ebby Halliday, Realtors, and the company has grown to become one of the top independent brokerages in the nation. Halliday, 93, has seen some major changes in the real estate industry in her time. more...
By Inman News, Sunday, June 20, 2004. The American Land Title Association released figures today that reveal a strong financial picture for the title insurance industry from the first quarter of 2004. However, the figures are a bit misleading. "Total revenue for the first quarter of 2004 looks high because it actually includes income that had not been reported from the previous quarter," according to ALTA director of research, Rich McCarthy. "The usual lag between closing and reporting of revenue was exacerbated by the rush of refinancings during the last half of 2003," he said. more...
By Inman News, Sunday, June 20, 2004. About 5,000 people across the nation are now living in cohousing, a type of neighborhood that is planned by its residents, and about one-third of the residents in these developments are households with children, according to the Cohousing Association of the United States. Cohousing, which originated in Denmark, was introduced to the United States about 15 years ago, and there are now an estimated 75 cohousing developments in the U.S. Denmark has about 350 completed cohousing communities. more...
By Inman News, Sunday, June 20, 2004. Wachovia Corp. and SouthTrust Corp. announced today they have signed a definitive merger agreement that will create the No. more...
By Inman News, Sunday, June 20, 2004.
By Inman News, Sunday, June 20, 2004. The home-building industry and other housing-related industries contributes an estimated $218 billion per year to the California economy, generates 935,000 jobs and accounts for about 10 percent of all economic activity in the state, according to a 2004 report by the Sacramento Regional Research Institute. The research institute is a joint venture of the Sacramento Area Commerce and Trade Organization and California State University, Sacramento. more...
By Inman News, Sunday, June 20, 2004. Long-term mortgage interest rates were lower Friday, and the benchmark 10-year Treasury bond yield increased to 4.71 percent. The 30-year fixed-rate average dropped to 5.91 percent, and the 15-year fixed-rate fell to 5.31 percent. The 1-year adjustable was lower at 3.51 percent. The 30-year Treasury bond yield increased to 5.38 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. more...
By Robert Bruss, Sunday, June 20, 2004.
DEAR BOB: Many years ago, my mother and her sister bought a rural property together as an investment. It turned out to be a very profitable farm property, which was rented to an adjoining farmer for a share of his annual crop profits. As a result, my mother and her sister received superb annual payments. However, my mother died in July 2003. Since then, her sister claims all the crop profits received from the tenant-farmer go to her. My mother left no will. As the only surviving child of my mother, shouldn't I be entitled to half of the tenant rent? – Daniel D. more...
By Jack Guttentag, Sunday, June 20, 2004.
(First of 2 articles) more...
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