By Glenn Roberts Jr., Wednesday, July 14, 2004. This is the first part of a two-part series highlighting the residential real estate market in Las Vegas. This article examines development trends and the state of the Las Vegas housing market. Part 2 will examine a unique land program in the Las Vegas area that provides for the regular sale of government land by auction in the Las Vegas metropolitan area. more...
By Inman News, Wednesday, July 14, 2004. Home sales and prices in Southern California surged again in June to new highs, the result of strong demand and an increased number of homes on the market, according to real estate information service DataQuick. A total of 34,731 homes were sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in June. That was up 11.5 percent from May's 31,151 and up 10.7 percent from 31,369 for June last year, according to DataQuick. Last month's sales count was the highest since 35,339 homes were sold in August 1988. more...
By Helene Lesel, Wednesday, July 14, 2004.
Security deposit use and abuse leads the list of litigation between landlords and tenants. So how can one avoid dispute and slide out of home safely? First, understand what monies can be deducted from deposits. Basics include unpaid rent, cleaning, and returning the premises to the condition as when first rented. Top deposit busters include: more...
By Inman News, Wednesday, July 14, 2004. President Bush today signed into law a bill that provides tougher penalties for identity thieves. The move was in response to evidence the crime has grown more rampant. The Identity Theft Penalty Enhancement Act adds a mandatory two-year prison sentence for persons convicted of using stolen personal information or credit card numbers to commit crimes. Those convicted of identity theft to "commit an act of terrorism" will receive and additional five years in prison. more...
By Inman News, Wednesday, July 14, 2004. Private mortgage insurance provider MGIC Investment Corp. (NYSE:MTG) reported second-quarter net income of $154.5 million, up 7.4 percent from $143.8 million for the same quarter a year ago. Diluted earnings per share rose to $1.56 in the second quarter, compared to $1.46 for the same quarter a year ago. more...
By Inman News, Wednesday, July 14, 2004. Some real estate agents work mostly from home. Others work mostly from their cars or on the go at coffee shops and home showings. Now one agent in Arizona is setting up his office in an old carwash. Mike Mendoza, an agent with Keller Williams Realty in Ahwatukee Foothills, is converting a closed gas station, convenience store and carwash into a new two-building real estate office, according to the Arizona Republic. The former Texaco station will house Mendoza's team of 18 employees. more...
By Inman News, Wednesday, July 14, 2004.
By Inman News, Wednesday, July 14, 2004. Mortgage technology provider AppIntell on Wednesday added two new advanced courses to its online training curriculum, one focused on identity misrepresentation and the other covering the latest features of DISSCO, AppIntell's mortgage fraud detection system. The Identity Misrepresentation Training course teaches experienced AppIntell system users how to interpret borrower identity alerts and issues. more...
By Inman News, Wednesday, July 14, 2004. The New York Council of the International Real Estate Federation (FIABCI), the Fordham Real Estate Society and the New York Commercial Real Estate Women's Network (NYCREW) are organizing a July 29 seminar to focus on the emerging global trends likely to affect the New York's real estate industry and overall economy. more...
By Inman News, Wednesday, July 14, 2004. The Mortgage Bankers Association is predicting $2.5 trillion in mortgage originations in 2004, according to its quarterly update of its Mortgage Finance Forecast. "June's employment data, showing slower jobs growth, does not mean the economy is faltering," said MBA chief economist Doug Duncan. "Consumer spending remains strong and business expenditures are strengthening, supported by rising corporate profits. The slowing pace of growth to a sustainable level is to be expected after the very strong growth during the second half of 2003." more...
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