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Social media party too hot for TV Premium Content

By Jessica Swesey, Sunday, March 25, 2007.

Editor's note: The rise of social media has come to define the new Internet, or Web 2.0, and many in the real estate industry are embracing it with open arms. The age of Internet participation and instant and widespread communication is here. In this three-part report, Inman News dives into the social media craze and uncovers what's working, what's not working and what's just plain fun.  more...

Why lender loan disclosures fail borrowers

By Jack Guttentag, Sunday, March 25, 2007.

(This is Part 2 of a six-part series.  more...

Paying over asking price can be a good deal

By Dian Hymer, Sunday, March 25, 2007.

Given the recent negative press about the state of the residential real estate market, it's understandable that buyers would be reluctant to offer more than the asking price. Yet, some buyers are finding that a list-price offer is not enough. Multiple offers are making a comeback in some markets.  more...

Multiple $250K tax breaks possible on single sale

By Robert Bruss, Sunday, March 25, 2007.

DEAR BOB: Please clarify. You often mention a married couple filing a joint income tax return can claim up to $500,000 principal-residence-sale tax-free profits, thanks to Internal Revenue Code 121. But what about two unmarried co-owners of a home who each meet the 24-out-of-last-60-months ownership and occupancy tests? Both are on the title. Can each claim a $250,000 exemption or do they have to split the exemption? --Mary O.  more...

Guthrie buys another business park

By Inman News, Sunday, March 25, 2007.

Guthrie Development Co. recently acquired Guthrie Rancho Way Business Park, a two-building, 52,825-square-foot industrial property in Los Angeles, Calif., for $7.5 million.

The property is located at 19500-19520 Rancho Way.

The firm plans to place a condominium map on the project and redevelop the property into 22 units ranging in size from 1,824 square feet to 30,045 square feet, which will be available for sale or lease. The project is anticipated for completion in August 2008.

Scottsdale complex sells for more than $14 million

By Inman News, Sunday, March 25, 2007.

Crown West Realty recently completed the acquisition of Scottsdale Commerce Center in Scottsdale, Ariz., for approximately $14.4 million.

Pacific Development Partners sold the property, which includes five flex-office buildings totaling almost 118,000 square feet located at 1375-1525 North Hayden Road.

The acquisition is Crown West's 14th in the area since 2001.  more...

MyFamily.com headquarters bought

By Inman News, Sunday, March 25, 2007.

A 119,161-square-foot office property has been purchased in Provo, Utah, for $19.2 million.

TCP-Provo LLC, a California-based subsidiary of Towbes Capital Partners LLC, purchased the property from GE Commercial Finance Business Property Corp.

MyFamily.com, a privately held company dedicated to connecting families all over the world via the Internet, solely occupies the three-building complex, situated on 9.27 acres of land located at 360 and 466 W. 4800 North. Under the terms of the transaction, the company has signed a new 10-year lease.  more...

Point2 goes public with Web site usage information

By Inman News, Sunday, March 25, 2007.

Point2, a technology company that offers online tools for real estate professionals including a National Listing Service that allows members to manage the marketing of other property listings, has opened its user statistics to the world.

The company today announced the public availability of several company statistics, including membership, listings, incoming prospects and unique visitors at the site, and also announced a branding initiative that incorporates several products under the Point2 National Listing Service name.

As of this morning, the  more...

2006 subprime loan performance will be worst in a decade

By Inman News, Sunday, March 25, 2007.

Analysts at Standard & Poor's RatingsDirect say that even if home prices stabilize and the U.S.  more...

Nevada tops states with highest foreclosure rate

By Inman News, Sunday, March 25, 2007.

Foreclosures took a breather in February from the previous month, but activity is still well above what it was a year ago, an information service reported.

Foreclosure activity was down 4 percent in February from January, according to one source of foreclosure information, which also said that the foreclosure filings were up 12 percent from the same month a year ago.

A total of 130,786 foreclosure filings, including default notices, auction sale notices and bank repossessions, were reported during February, according to a report from RealtyTrac, which tracks activity across ma  more...

New-home sales fall 18% in February

By Inman News, Sunday, March 25, 2007.

The rate of new single-family home sales in February dropped to its lowest level since August 2000, falling about 18.3 percent compared to the same month last year and dropping 3.9 percent compared to January 2007, the U.S.  more...

Overnight real estate rates stall

By Inman News, Sunday, March 25, 2007.

Long-term mortgage interest rates were flat Friday, and the benchmark 10-year Treasury bond yield rose to 4.61 percent.

The 30-year fixed-rate average stayed at 5.68 percent, and the 15-year fixed rate remained at 5.41 percent. The 1-year adjustable held at 5.32 percent.

The 30-year Treasury bond yield increased to 4.8 percent.

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