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What's up with overnight real estate rates?

By Inman News, Thursday, July 19, 2007.

Long-term mortgage interest rates were still flat Thursday, and the benchmark 10-year Treasury bond yield dipped to 5.02 percent.

The 30-year fixed-rate average dipped to 6.3 percent, and the 15-year fixed rate held at 6.01 percent. The 1-year adjustable grew to 5.57 percent.

The 30-year Treasury bond yield was down at 5.11 percent.

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

Avoid these real estate deal killers Premium Content

By Bernice Ross, Thursday, July 19, 2007.

(This is Part 2 of a two-part series. Read Part 1, "Loan approval tougher for prime borrowers, self-employed.")

The days of easily obtaining mortgages are rapidly disappearing. Tougher lending standards are making it harder for buyers to qualify. To capitalize on this situation, you must understand how to navigate through the shifting lending environment.  more...

Seattle Series: Estately on InmanTV

By Inman News, Thursday, July 19, 2007.

Estately, an online startup based in Seattle, recently released a new agent-consumer matching program that aims to give consumers more control over which agents they want to work with and when to contact them. Galen Ward, CEO of Estately, discusses the service with InmanTV.  more...

Get your deck looking new again

By Paul Bianchina, Thursday, July 19, 2007.

Whether you have a brand-new deck that you'd like to keep looking fresh or one that's seen better days and could use a bit of a facelift, there are lots of very effective products out there that can help you reach your goals.

GETTING READY

Before applying any finish to your deck, it needs to be clean. For a new deck, it's best to allow the deck to season for a couple of weeks to make sure that the fresh lumber has dried. After that, just sweep it off with a soft broom to remove any sawdust and surface dirt, or blow it off with a leaf blower.  more...

Hybrid-car movement picks up speed

By Arrol Gellner, Thursday, July 19, 2007.

As Berkeley, Calif., goes, so -- eventually -- goes the nation. As frightening as this may sound to some, it's a fact borne out by history. Opposing the Vietnam War, spearheading ecological concerns, mandating energy-efficient buildings, banning smoking in public places, demanding equal access for the disabled -- these causes were all dismissed as "Berkeley radical thinking" in their time. Today, they've all long since been integrated into mainstream America.  more...

10 things investors should look for in fixer-uppers

By Robert Bruss, Thursday, July 19, 2007.

"How can I make some big money in real estate?" That was the question an old friend asked me recently. He purchased two rental houses a few years ago and has enjoyed watching them appreciate in market value.  more...

Developer unloads Gettysburg Village

By Inman News, Thursday, July 19, 2007.

Developer AMC Delancey Group Inc. sold its Gettysburg Village Factory Stores in Gettysburg, Pa., for approximately $61.1 million.

Horizon Group Properties purchased the asset, which opened its doors in October 2000.

At the time of sale, the property was fully leased. Tenants include more than 70 stores and restaurants, a hotel and a cinema.

Palm Beach office deal announced

By Inman News, Thursday, July 19, 2007.

Palm Beach Gardens Office Park, a 67,657-square foot complex in Palm Beach Gardens, Fla., has been purchased for $11 million.

Yes Palm Beach LLC paid $162.58 per square foot to Palm Beach Gardens Office Investors LLC for the facility, which comprises two office buildings on a 4.65-acre site. The address is 4360-4632 Northlake Blvd.  more...

Seaboard office portfolio bought

By Inman News, Thursday, July 19, 2007.

Antares Investment Partners has expanded its commercial property holdings with the $87 million acquisition of the Seaboard Properties office portfolio in Stamford, Conn. The acquisition includes three office properties and a 70-slip marina, totaling 305,000 square feet, including Stamford Landing and 600 Summer St.

Antares, a Connecticut-based real estate development and private equity firm, now owns 2.2 million square feet in the region, including new ground-up development projects and premier office buildings in Greenwich and Stamford.  more...

Bernanke: Housing will get worse

By Lou Barnes, Thursday, July 19, 2007.

Mortgages are in the process of breaking below the 6.75 percent-6.875 percent range, as credit-panicked money has pulled the 10-year T-note below 5 percent for the first time in six weeks.

Given a choice between the economy-predictive powers of a frightened bond market and stocks in Dow-14,000 hysterics, pick bonds.  more...

IndyMac Bancorp laying off 400 employees

By Inman News, Thursday, July 19, 2007.

IndyMac Bancorp Inc. is laying off 400 employees around the nation after second-quarter loan volumes fell 12 percent from the previous quarter.  more...

Fed report: Subprime mortgage continues to function Premium Content

By Inman News, Thursday, July 19, 2007.

Despite dramatic rise delinquencies and foreclosures, subprime mortgage lending continues to function and new loans are being made, Federal Reserve analysts said in their biannual monetary policy report to Congress.

Credit has tightened as investors in subprime mortgage-backed securities (MBS) have scrutinized the underlying loans more carefully, forcing lenders to tighten underwriting standards, the report said.  more...

HUD knocks funding mechanism for rental-housing trust fund Premium Content

By Matt Carter, Thursday, July 19, 2007.

The Bush administration opposes a plan to tap Fannie Mae, Freddie Mac and the Federal Housing Administration to fund affordable rental units and down-payment assistance for first-time home buyers.

A bill introduced last month, HR 2895, would create a National Affordable Housing Trust Fund to be administered by the Department of Housing and Urban Development (HUD), and provide up to $1 billion a year in funding.  more...

It gets easy: new phone, new bag, new client

By Alison Rogers, Thursday, July 19, 2007.

I swear it was my shrink who told me I needed to shop.

Like many New Yorkers, I have been in therapy for years. I can see long-term that it's made me a happier, more confident person, and I enjoy having the support during short-term crises -- such as switching careers mid-life.

But if you're picturing that I walk in to see Dr. Melfi once a week and we talk about condos, it's not that.  more...

Reverse mortgages daunting for brokers

By Neil Morse, Thursday, July 19, 2007.

Here's a quiz question for anyone who thinks they know reverse mortgages. What's the biggest financial obstacle preventing seniors from acquiring such funding on their homes?  more...

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