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2007

Inman Blog Directory Breaks 200

By , Friday, March 30, 2007.
InmanWiki's Real Estate Blog Directory has been growing steadily since it launched and just today, passed the 200 blog mark. This great news and it tells me that real estate blogosphere still buzzes with new activity and that blogging by...  more...

NAR predicts 'short-term impact' for subprime snafu

By Glenn Roberts, Jr., Friday, March 30, 2007.
David Lereah, chief economist for the National Association of Realtors, says, "Foreclosures are increasing inventories in certain local markets. The projected flood of foreclosures are problematic and will add to the already loose housing supply in some local markets, but...  more...

Web tool charts home-price changes

By Glenn Roberts, Jr., Friday, March 30, 2007.
Paper Money, a real estate bubble blog, has built a tool to create custom charts that display home-price changes, based on Standard & Poor's/Case-Shiller home prices indices. Users of the new tool can select one or more metro areas that...  more...

Web 2.0 goes brick and mortar

By Glenn Roberts, Jr., Friday, March 30, 2007.
An artistic depiction of a bustling city populated by Web site-branded shops. This is by art/marketing group eBoy (Steffen Sauerteig, Svend Smital and Kai Vermehr), who "create re-usable pixel objects and take them to build complex and extensible artwork." Here's...  more...

So sue me...

By , Friday, March 30, 2007.
A law firm whose attorneys were at the forefront of epic legal battles that followed the downfall of infamous companies like Enron and Lincoln Savings & Loan is in the thick of the subprime mortgage lending debacle. The firm (take...  more...

I've seen the future and there are 12 trackbacks, 32 comments and several pings

By Jessica Swesey, Friday, March 30, 2007.
Most bloggers who've been around the block for at least eight months or so will eventually come to ponder this question: Where will all of this blogging stuff go? Here are my 10 predictions on the future of real estate...  more...

Mass. retail deal tops $136 a square foot

By Inman News, Thursday, March 29, 2007.

NAI Hunneman Commercial negotiated the sale of a 71,000-square-foot retail building in Lexington, Mass., for approximately $9.7 million.

Boston-based Cresset Lexington LLC purchased the property from APCA Lexington LLC.

The property, located at 475 Bedford St., was net leased to Boston Sports Clubs at the time of sale.

Seattle-area retail plaza sold to Californian

By Inman News, Thursday, March 29, 2007.

Everett Village Center, a 121,557-square-foot retail plaza in Everett, Wash., has sold for $21.7 million.

A private investor from Southern California purchased the asset from Irvine, Calif.-based Steadfast Cos.  more...

Residential construction spending drops for 11th month

By Inman News, Thursday, March 29, 2007.

The rate of residential construction spending in January fell 15.1 percent in February compared to the same month last year, the U.S. Census Bureau announced today.  more...

Bernanke's take on economy

By Lou Barnes, Thursday, March 29, 2007.

Upward pressure continues on long-term rates: the 10-year T-note at 4.65 percent has jumped the March range, and mortgages are at risk to lose the 6.25 percent level.

The economy has slowed to growth near 2 percent, but shows no sign of serious impact from the housing recession. This morning, personal income and spending each rose by .6 percent in February. Construction spending, expected to drop, instead rose .3 percent.

Weekly applications for mortgages are holding in a steady band. If a mortgage credit crunch were beginning to bite, we would see a decline by now.  more...

Shareholders approve Realogy buyout

By Inman News, Thursday, March 29, 2007.

Realogy Corp. today announced that its shareholders approved the company's acquisition by an affiliate of private-equity firm Apollo Management L.P. in a deal worth about $9 billion.

The company's stock is expected to cease trading on the New York Stock Exchange on or about April 10, the company announced, when the deal is closed. The transaction is subject to other "customary conditions to closing," the company announced.  more...

Hello, my name is 'LetMeIn YourSite'

By Inman News, Thursday, March 29, 2007.

Editor's note: The following post appears on the Inman News Blog. The blog enables readers to comment on postings and respond to other readers leaving comments in real time. Click here to join the discussion stemming from this post.

To attach a lead form or not to attach a lead form -- believe it or not that's still a pretty hot-button issue in the real estate industry.  more...

Renting the beach house

By Alison Rogers, Thursday, March 29, 2007.

In 2001, I was flush with cash, and I went home-shopping. I love the beach, and thought about buying a condo there, but my broker Gil said, "Buy a two-family home instead. That way, you can live in half of it and rent out half of it, and if you're ever broke, you can rent the whole thing out."

Now I work for Gil, and I spent yesterday doing a direct-mail drop on New York's wealthiest ZIP code. Hand-address, stuff, lick envelope, lick stamp, repeat. Sometimes I daydream about how differently my life would turn out if I could just stop listening to Gil.  more...

Beazer Homes subpoenaed by U.S. Attorney's Office

By Inman News, Thursday, March 29, 2007.

Beazer Homes USA Inc. said Thursday it has received a grand jury subpoena from the U.S. Attorney's Office in the Western District of North Carolina seeking documents related to the company's mortgage origination services.

In a Securities and Exchange Commission filing, Atlanta-based Beazer Homes said the U.S.  more...

House committee approves GSE reform bill

By Inman News, Thursday, March 29, 2007.

A bill intended to prevent a repeat of the accounting and management scandals that shook Fannie Mae and Freddie Mac has been approved by the House Financial Services Committee, with a provision to create a $500 million-a-year affordable-housing fund intact.

The committee approved the bill, HR 1427, Thursday in a 45 to 19 vote. But the affordable-housing fund could prove to be an obstacle to passage in the Senate, where a similar bill became bogged down last year.

Rep.  more...

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