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Freddie Mac: Sales bottomed in Q1

By Inman News, Tuesday, July 14, 2009.

Freddie Mac analysts think home sales bottomed in the first three months of 2009 at an annual rate of 4.46 million per year, and will post steady gains each quarter to reach a pace of 5.85 million sales per year by the fourth quarter of 2010.  more...

Technologist recalls the 'basement' days Premium Content

By Inman News, Tuesday, July 14, 2009.
Chris Freeman

Chris Freeman, chief technology officer for real estate tech company WolfNet Technologies, has worked with the company for more than a decade and saw it grow "from two guys in a basement with three clients" to a company that now serves about 40,000 clients.

He oversees programming, database and systems administration. He enjoys two kinds of golfing -- the flying disk and original small-ball version -- and also enjoys hiking, camping, skiing, rock-climbing and traveling.  more...

Freddie Mac issues appraisal bulletin  Premium Content

By Matt Carter, Tuesday, July 14, 2009.

Appraisers "must be familiar with the local market" in which properties they are valuing are located, choose "appropriate comparable sales," and certify them as the homes "most similar" to the property being appraised, Freddie Mac said in a bulletin to lenders.

The mortgage giant said new rules for appraisals don't require that appraisers select distressed properties -- including short sales, foreclosures or real estate-owned properties -- when identifying "comparable properties" for valuations.  more...

Trulia gaining market share Premium Content

By Inman News, Tuesday, July 14, 2009.

Trulia.com continued its steady climb of Hitwise's list of Top 10 real estate Web sites to reach fifth place in June, with Homes.com also managing to break onto the list by displacing ServiceMagic.com from the 10th position.  more...