By Inman News, Monday, November 21, 2005. A national real estate closing cost survey released last week shows that the biggest differences in closing costs among states occurred in varying costs for title insurance, settlement services fees and title searches. more...
By Inman News, Monday, November 21, 2005. Just Real Estate Listings, a Web site with free real estate listings, has launched a new self-service advertising module with free advertising to real estate agents and local businesses catering to new-home buyers, the company said today. more...
By Inman News, Monday, November 21, 2005. Bankrate has agreed to acquire MMIS/Interest.com and FastFind.com in separate deals worth $40 million, the company said today in separate announcements. more...
By Inman News, Monday, November 21, 2005. The Sotheby's International Realty brand is expanding into Dubai and the United Arab Emirates with the appointment of exclusive master franchise rights for those nations. The master franchisee will develop a system of real estate offices in each respective Emirate that will operate as part of the Sotheby's International Realty network of luxury residential real estate brokerages. more...
By Inman News, Monday, November 21, 2005. John D. Myers, a co-defendant with former congressional candidate Adam Taff in a federal mortgage-fraud case, pleaded guilty Friday to one count of wire fraud, the Kansas City Star reported Saturday. Myers changed his plea to guilty at a hearing before U.S. District Judge John W. Lungstrum in Kansas City, Kan., the Star reported. The co-defendant admitted he had agreed to sell a $1.2 million house in Lake Quivira, Kan., to Taff, reports said. more...
By Inman News, Monday, November 21, 2005. The U.S. leading index, a key barometer of economic conditions, increased 0.9 percent in October, the Conference Board reported today. The leading index now stands at 137.9. Based on revised data, this index decreased 0.8 percent in September and remained unchanged in August. During the six-month span through October, the leading index increased 1.2 percent, with seven out of 10 components advancing. more...
By Inman News, Monday, November 21, 2005. Long-term mortgage interest rates continued to fall Friday, and the benchmark 10-year Treasury bond yield rose to 4.49 percent. The 30-year fixed-rate average sank to 5.81 percent, and the 15-year fixed-rate slipped to 5.39 percent. The 1-year adjustable was down at 4.43 percent. The 30-year Treasury bond yield increased to 4.68 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. more...
By Janis Mara, Monday, November 21, 2005. Transaction coordination is a family affair for Karen, Chuck and Chris Drebes, a mom, dad and son, respectively, who join the concept of the family business with the most modern of concepts: the online real estate transaction. Three years ago, Karen Drebes began specializing in shepherding real estate transactions from contract to escrow using online platforms. Early this year, the Scottsdale, Ariz., virtual assistant became the victim of her own success. "I was working 12- to 17-hour days and I reached the point where I could go no further," Drebes explained. more...
By Jack Guttentag, Monday, November 21, 2005.
(This is Part 3 of a seven-part series. more...
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