By Bernice Ross, Thursday, September 8, 2005.
(This is Part 2 of a two-part series. See Part 1: Preparing for a real estate downturn.) Will the bubble burst in your market? Will it merely slow down and remain stable? Will appreciation disappear? Will the seller's market rage on? Regardless of what happens, being prepared for market changes is to key to surviving no matter what the market does. more...
By Inman News, Thursday, September 8, 2005. LandAmerica Financial Group will contribute $1 million to the Arizona chapters of the American Red Cross to settle a probe into the company's practices by the state insurance department. This is the second settlement between the department and a major title insurer to be announced this week. more...
By Inman News, Thursday, September 8, 2005. Housing and Urban Development Secretary Alphonso Jackson on Thursday announced that Ginnie Mae, a government-owned corporation located within HUD, will extend its Targeted Lending Initiative (TLI) to the areas hardest hit by Hurricane Katrina. The TLI is a program that encourages lenders to finance housing in underserved areas. more...
By Inman News, Thursday, September 8, 2005. Fidelity National Financial has created a specialized system designed to automate and streamline small- to mid-sized real estate office processes, the company said Thursday. more...
By Inman News, Thursday, September 8, 2005. Home sales in the Greater Nashville, Tenn., area continued their upward trend in August and set a record, according to figures provided by the Greater Nashville Association of Realtors. Realtors reported 3,909 home closings in August, up 9.8 percent from the 3,558 closings in August 2004. more...
By Inman News, Thursday, September 8, 2005. Long-term mortgage interest rates were flat Thursday, and the benchmark 10-year Treasury bond yield climbed to 4.15 percent. The 30-year fixed-rate average remained at 5.27 percent, and the 15-year fixed-rate slipped to 4.82 percent. The 1-year adjustable was up slightly at 3.83 percent. The 30-year Treasury bond yield grew to 4.43 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. more...
By Janis Mara, Thursday, September 8, 2005. Industry participants reacted Thursday to news of the U.S. more...
By Jessica Swesey, Thursday, September 8, 2005. Editor's note: Signs of a slowing real estate market raise questions about who in the industry will be most vulnerable to a housing recession. Fewer real estate transactions means there is less money to spread around, and that will impact everyone. But some will be hit harder than others – especially if they are not prepared. In this special series, we examine who's most at risk. more...
By Katherine Salant, Thursday, September 8, 2005.
In the United States, trends generally start on the East or West Coast and move inward. But once in a while the reverse happens – the innovation begins in the Midwest and ripples outwards. One such example is senior co-operatives – otherwise known as "senior co-ops." This modestly sized, low-rise, multifamily housing that began in Minneapolis about 30 years ago is still largely a Minnesota phenomenon, but they are slowly spreading to other Midwestern states as well as further a field in Texas, Arkansas, and even Alaska. more...
By Paul Bianchina, Thursday, September 8, 2005.
Q: I would like to build a shed to house a tractor and a couple of pieces of equipment. It would be about 18 feet by 20 feet, open at the front and back, and slope from 8 feet high in front to 7 1/2 feet in the back. I would like to use six 6-inch posts in concrete, and tie everything together with 2x6 rafters. Is this suitable for a building this size? -Tom A., via e-mail more...
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