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Weekly News Briefs Roundup Premium Content

By Inman News, Friday, September 12, 2008.

Editor's note: The following is a collection of news briefs that were published at Inman News from Monday, Sept. 8, to Friday, Sept. 12.

Friday, Sept. 12, 2008
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The politics of bailout: a waiting game

By Lou Barnes, Friday, September 12, 2008.

Mortgage rates have not been able to hold the early-week low at 5.875 percent, but are no worse than 6 percent for the lowest-fee deals.

The Fannie-Freddie takeover instantly knocked retail mortgage rates down 0.375 percent, but that's been it. The sky-high spread versus the 10-year Treasury note has compressed from 270 basis points to mere cloud-height 235 basis points -- but that's still 70 basis points too high.  more...

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Inman News Heads to Europe

By Joel Burslem, Friday, September 12, 2008.

Real Estate Connect in January is going Global and we're looking to talk with innovators, entrepreneurs, technologists and real estate professionals from around the world.
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New U.K. property search planned

By Inman News, Friday, September 12, 2008.

The U.K.'s National Association of Estate Agents plans to launch a home-search portal later this month at http://www.propertylive.co.uk that will initially focus on the U.K. market but will expand to international markets early next year.

Only agents and developers that are members of the NAEA or other overseas agency associations that they have agreements with will be allowed to list property at the site.  more...

Real estate jobs with dogs and logs Premium Content

By Lai Saetern, Friday, September 12, 2008.

Editor's note: This is the final article in a two-part series that focuses on real estate professionals who are working in a highly specialized segment of the market. Read Part 1: "Real estate niches stretch from nudists to celebs."

Humans aren't the only ones who have real estate needs, and Kathryn Higgins tries to take the bite out of home searches for pets and their owners alike.  more...

Not in my best interest to buy?

By Inman News, Friday, September 12, 2008.

Editor's note: The following is a reader comment in response to the Sept. 4 Inman News story, "Realtors not immune to foreclosure."

"I highly doubt that a lot of consumers feel that Realtors are to blame for the present situation in real estate. Real estate has been and will continue to be cyclical. The trick is to be able to find the middle ground between feast or famine.
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Lehman CEO talks sale

By Inman News, Friday, September 12, 2008.

Lehman Brothers Holdings Inc. Chief Executive Officer Richard Fuld, worried that the U.S. government won't provide the funding that enabled Bear Stearns Cos. to sell itself and avoid bankruptcy, is seeking buyers for the investment bank, Bloomberg news reported today.  more...

Fed: Minorities got worst of boom and bust  Premium Content

By Matt Carter, Friday, September 12, 2008.

A Federal Reserve Board analysis of millions of home loans suggests minorities were more likely to pay high interest rates when they took out a loan during the housing boom, and then had a harder time getting a loan when the boom turned to bust.

The Fed study reveals that, as a group, nearly 200 independent mortgage companies that failed last year were much more likely to make higher-priced loans to minorities, and that minority communities have been hit hardest by cutbacks in lending during the credit crunch.  more...