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NAR acquires tech for national database

By Inman News, Monday, November 9, 2009.

The National Association of Realtors has acquired technology from Lender Processing Services Inc. to assist its development of the Realtors Property Resource, a planned property information database that will include information on all U.S. properties, NAR has announced.

In a statement today, NAR CEO Dale Stinton said, "Realtors need to respond quickly to today's tech-savvy consumers, and the RPR provides a means for multiple listing services, commercial information exchanges and real estate brokerage business models to support the Realtor community, rather than requiring Realtors to purchase data aggregated by third parties."  more...

Real estate tycoon at 24 Premium Content

By Mary Umberger, Monday, November 9, 2009.
Adam Blake

When Adam Blake says his business "has grown a bit in scope" since he went into real estate, he's not kidding.

Starting out as a residential property manager, he turned to buying and renting out such places himself. Then he expanded into high-volume flipping of single-family homes.

Recently, he's been buying land and selling the rights to drill for oil and gas.  more...

Zillow: Fewer homeowners underwater Premium Content

By Inman News, Monday, November 9, 2009.

The percentage of U.S. homeowners with mortgage debt that exceeds the value of their home declined slightly from the second to third quarters, in part because home prices are stabilizing but also because many homeowners who had been underwater lost their homes to foreclosure, Zillow.com reported today.

An analysis of public records collected for the Zillow Real Estate Market Reports suggests that 21 percent of homes with mortgages were underwater at the end of September, down from 23 percent at the end of June, Zillow said.  more...