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Price drops spark California home sales

By Inman News, Friday, December 19, 2008.

Southern California home sales jumped 26.9 percent and San Francisco Bay Area home sales rose 12.3 percent in November compared to the same month last year -- while median prices plunged 34.5 percent and 44.4 percent, respectively.

That's according to data released this week by real estate research company DataQuick Information Systems.  more...

Mortgage rates down, applications up

By Inman News, Friday, December 19, 2008.

Rates on 30-year fixed-rate mortgages are at their lowest since Freddie Mac began tracking them in 1971, the mortgage financier said in releasing the results of its weekly primary mortgage market survey.  more...

Fidelity set to be largest title insurer

By Inman News, Friday, December 19, 2008.

The last major obstacle to Fidelity National Financial Inc.'s $282 million acquisition of LandAmerica Financial Group Inc.'s two largest underwriting subsidiaries fell at midnight Thursday, as federal antitrust regulators allowed a legal waiting period to expire without intervening in the deal.  more...

Court ruling snubs Realogy plan

By Inman News, Friday, December 19, 2008.

Real estate brokerage giant Realogy Corp. today announced that it has has been forced to abandon its plan, announced in November, for a debt-exchange program that was intended to lessen the company's risk of default on bank loans (see Inman News).

A Delaware Chancery Court Judge ruled that the plan constituted a breach of earlier contracts, according to reports.  more...

Agents must sharpen financial skills Premium Content

By Inman News, Friday, December 19, 2008.

Q: What technology trends will change the industry in the future?

A: We are going to see technology tributaries begin to merge into more single channels that combine the necessary property information and transaction components into new integrated packages that are marketed to consumers. We are close but we are not there yet. We have disjointed informational services that are too proprietary. We are already seeing, however, adoption by local associations of informational services such as paperless transaction-management platforms that are good for the consumer. We need to shove this train down the tracks a little faster by creating financial structures that will allow proprietary models to be used in a package of data standards.  more...

 
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