By Inman News, Monday, May 17, 2004. A lawsuit against former Homestore executives and the online real estate company's former accountants PricewaterhouseCoopers is set to begin trial next month. A trial date has been set for June 14 against the remaining defendants in the civil litigation, the California State Teachers' Retirement System confirmed yesterday. CalSTRS is the lead plaintiff in an investor complaint against Homestore's former executives and accountants. The complaint was filed in U.S. more...
By Inman News, Monday, May 17, 2004. Real estate advertising increased 3.7 percent in April at newspapers published by Knight Ridder, the nation's second largest newspaper publisher, the company said today. Total advertising revenue was up 1.1 percent last month and up 1.8 percent year-to-date. Total classified advertising was up 5.4 percent in April. Within classified, recruitment was up 15.7 percent for the month. All newspapers had increases in help wanted, including 20 with double-digit gains, a sign the economy is strengthening. more...
By Inman News, Monday, May 17, 2004. The number of building permits, housing starts and housing completions in April all exceeded April 2003 numbers by more than 10 percent, the U.S. Census Bureau and U.S. Department of Housing and Urban Development announced in a monthly report on residential construction, but April 2004 building permits and housing starts were down from the prior month's totals. more...
By Inman News, Monday, May 17, 2004. Stewart Title Co. has acquired Security Title of Billings, Mont., the company announced today. Existing key management and staff have remained with the company. Paul McCann is the general manger and Jan Hansen is the escrow manager. Security Title opened its doors 12 years ago and has grown to be Billings' largest title agency. Stewart's last two acquisitions were in California – Santa Cruz Title Co. in Santa Cruz and California Land Title of Marin (Cal Land) in San Rafael. more...
By Inman News, Monday, May 17, 2004. GMAC Home Services has selected Virtual Imaging Corp. as its national preferred provider of virtual tours and imaging products. Jeff Michaels, VP of sales and marketing for Virtual Imaging Corp., said the company was pleased to have been selected by GMAC Home Services. "Our stability as a 24-year old real estate imaging company and our reputation for high quality images with high service levels made for a great fit between our two organizations," Michaels said in a statement. more...
By Inman News, Monday, May 17, 2004. Prudential Real Estate Affiliates recently announced a merger with Council Bluffs, Iowa-based Lakeshore Realty, which will now operate as Prudential Lakeshore Realty. Prudential Lakeshore Realty, located at 4409 Piute St., is a real estate company that specializes in residential, commercial and agricultural properties to clients in the Council Bluffs area, as well as Omaha, Neb., and surrounding suburbs. Owners Dave and Kathy Rogness operated the firm independently for the past three years. more...
By Inman News, Monday, May 17, 2004. Long-term mortgage interest rates were down Monday, and the benchmark 10-year Treasury bond yield fell to 4.69 percent. The 30-year fixed-rate average dropped to 5.98 percent, and the 15-year fixed-rate decreased to 5.36 percent. The 1-year adjustable was down slightly at 3.49 percent. The 30-year Treasury bond yield decreased to 5.43 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. more...
|
