By Inman News, Sunday, August 1, 2004. Last week, I wrote that I had closed my first home sale after spending 10 months in the real estate business. I realize, of course, that completing my first sale doesn't exactly make me the Donald Trump of Realtors. I've still got a lot of learning to do and many sales to make before I become a top-producer. more...
By Inman News, Sunday, August 1, 2004. Private residential construction spending was at a seasonally adjusted annual rate of $527.1 billion in June, down approximately 0.6 percent from the revised May estimate of $530.2 billion, the U.S. Census Bureau reported today. Spending was up 13.3 percent from June 2003, when private residential spending was at $465.1 billion, according to the monthly report. more...
By Jack Guttentag, Sunday, August 1, 2004.
(This is Part 1 of a three-part series. more...
By Dian Hymer, Sunday, August 1, 2004.
Finding a home to buy and negotiating the purchase contract are the toughest parts of the home buying process for most people. But, if you don't plan ahead, and carefully monitor your home purchases transaction, you could find could find trouble ahead. more...
By Lou Barnes, Sunday, August 1, 2004.
Mortgage rates are still near 6 percent, held there by the 10-year T-note trading in the 4.5 percent range, well below the 4.8s during the worst of the April-June stretch – the one in which the Fed was presumed to be falling behind the curve of inflation and an accelerating economic expansion. more...
By Inman News, Sunday, August 1, 2004.
By Inman News, Sunday, August 1, 2004.
By Inman News, Sunday, August 1, 2004. A California real estate broker on Saturday became the second person in the state to die from the West Nile virus, according to news reports. Seventy-five-year-old Morris Sternberg of Grand Terrace died at Redlands Community Hospital from complications caused by the virus, San Bernardino County Deputy Coroner Randy Emon said. Sternberg was admitted to Redlands Community Hospital on July 18 and diagnosed with hypoxemia, dehydration and sepsis, according to the County Coroner's Web site. Tests later confirmed he was infected with the West Nile Virus. more...
By Inman News, Sunday, August 1, 2004. Home sales in Virginia and North Carolina soared in June from their year-ago levels, according to Realtor associations in both states. In Virginia, 15,295 transactions closed during the month of June, up 17.2 percent compared to 13,046 closed sales during the same time last year, the Virginia Association of Realtors reported. Year-to-date, closed sales were up 12.3 percent in Virginia, with 63,028 contracts closed compared to last year's 56,146. more...
By Inman News, Sunday, August 1, 2004. Another lawsuit on behalf of Washington Mutual shareholders has been filed. The law firm of Weiss & Yourman announced Friday that it had filed a lawsuit seeking class action status on behalf of purchasers of Washington Mutual securities from April 15, 2003 through June 28, 2004. The lawsuit is at least the second one filed in the past month. more...
By Inman News, Sunday, August 1, 2004. Long-term mortgage interest rates were lower Friday, and the benchmark 10-year Treasury bond yield slipped to 4.47 percent. The 30-year fixed-rate average dipped to 5.72 percent, and the 15-year fixed-rate fell to 5.15 percent. The 1-year adjustable was down at 3.34 percent. The 30-year Treasury bond yield dipped to 5.2 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. more...
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