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Feb

9
2007

A Slower Pace Beyond the

By Inman News, Friday, February 9, 2007.
A Slower Pace Beyond the 'Burbs Construction, sales and price growth are slower in the exurbs – those semi-rural communities at the suburban fringe, according to a Reuters news report. "Home construction in these distant exurbs has slowed and prices...  more...

San Francisco's Liberal Politics Unintentionally

By Inman News, Friday, February 9, 2007.
San Francisco's Liberal Politics Unintentionally Turns City Landmark into a Porn Studio San Francisco liberal municipal government and its agencies frets over how to assimilate the working class into this most expensive city. They've instituted admirable programs, including a public...  more...

What Secret Are These Ladies

By Inman News, Friday, February 9, 2007.
What Secret Are These Ladies Sharing This Week? These really awesome women all have something in common and they're all sharing thoughts about a Secret this week. Their links tell the story. Shown, left to right, are Oprah Winfrey (talk...  more...

Dupuy Storage breaks into Houston market

By Inman News, Friday, February 9, 2007.

Transwestern recently negotiated the lease of 74,690 square feet of warehouse space at Mykawa Industrial Park in Houston, Texas, for an undisclosed price.

Dupuy Storage Houston LLC, whose parent company Dupuy Storage & Forwarding LLC offers full-service facilities for processing and handling coffee, tea and other commodities, will occupy space located at 7170 and 7188A Mykawa. This lease marks the company's expansion into the Houston market.  more...

Trouble seen in piggyback second mortgages

By Lou Barnes, Friday, February 9, 2007.

Mortgage rates have enjoyed a modest rally, the 10-year T-note's decline from 4.88 percent to 4.77 percent leading mortgages from 6.375 percent to 6.25 percent.

Do not expect more improvement, not with an economy as strong as this, and zero chance of a rate cut from the Fed. On the other hand, don't expect the blow-up in rates that would normally follow dashed bond-market hopes for a recession, long yields soaring above the Fed's 5.25 percent cost of money.  more...

Brokers get 'liberated' at new community site

By Inman News, Friday, February 9, 2007.

Point2 Technologies has unveiled a new broker community site, REliberation.com, for its broker and agent customers to collaborate, promote and drive future successes and advance key industry issues through discussion, debate and opinion sharing.  more...

Who does open house really benefit? Premium Content

By Inman News, Friday, February 9, 2007.

Editor's note: The following is a user-contributed article on InmanWiki, an online real estate encyclopedia launched by Inman News. This piece shows how industry experts can strut their stuff on the wiki and contribute solid articles with useful information for consumers and professionals alike. After logging in, readers can go to articles on InmanWiki and click on the "Discussion" tab to add comments or "Edit" to make changes.  more...

Countrywide cuts back on pay-option, ARM loan funding

By Inman News, Friday, February 9, 2007.

Despite a drastic cutback in pay-option loans, Countrywide Financial Corp. saw a 13 percent increase in loan fundings in January compared to the same month last year, to $37.1 billion, the company announced today.  more...

RealEstate.com announces new Web site, lead-generation tools

By Inman News, Friday, February 9, 2007.

RealEstate.com, which is operated by LendingTree LLC, has announced a Web site redesign that is intended to enhance property searches, and also announced a new "warm transfer" lead-generation program that immediately connects online consumers with real estate agents via telephone.

RealEstate.com has real estate brokerage operations and also operates an online lead-generate business for a network of real estate agents.

 more...

Dallas real estate feels chill

By Inman News, Friday, February 9, 2007.

My mom's house

By Inman News, Friday, February 9, 2007.

HSBC Finance boosts 2006 loan loss provisions by 20%

By Inman News, Friday, February 9, 2007.

Subprime mortgage lender HSBC Finance Corp. is revising its loan loss provisions for 2006 by 20 percent to $10.6 billion as second-lien loans go bad at a faster rate than anticipated, the company said.  more...

Little change in overnight real estate rates

By Inman News, Friday, February 9, 2007.

Long-term mortgage interest rates barely budged Thursday, and the benchmark 10-year Treasury bond yield stayed at 4.73 percent.

The 30-year fixed-rate average dipped to 5.78 percent, and the 15-year fixed rate held at 5.57 percent. The 1-year adjustable increased to 5.38 percent.

The 30-year Treasury bond yield decreased to 4.84 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.

Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states.  more...

Real estate's role in the new Web Premium Content

By Bernice Ross, Friday, February 9, 2007.

(This is Part 4 of a six-part series. Read Part 1, Part 2, Part 3, Part 5 and Part 6.)

What will Web 3.0 look like and how will it influence your business in 2007?  more...

Will a bigger house make me happy?

By Katherine Salant, Friday, February 9, 2007.

When asked about the "dismal science" and what exactly economists do, most people think they study money.

In fact, economists use various analytic tools to predict behavior. But, the public is partially correct because the majority of economists' predictions deal with financial matters. When economists talk about new houses, for example, their focus is invariably on the factors that determine housing prices, such as mortgage interest rates.  more...

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