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US Mortgage Applications Dropped for the Second Week
Friday, 28 July 2006
Mortgage applications in the United States fell for a second week as a measure of home purchases matched the lowest level since November 2003.
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US Mortgage Lenders Adapt with Deflating Housing Bubble
Thursday, 27 July 2006
Downward momentum in the U.S. housing market is leading some of America's biggest mortgage lenders to adapt business plans for even softer demand.
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Boston Firm's Profit Rises on Real Estate Sales
Thursday, 27 July 2006
The Boston-based real-estate owner and operator Boston Properties Inc. said quarterly net income available to common shareholders totaled $5.24 a share versus $1.43 in the year-ago period.
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Real Estate Market in Maine Levels Off
Thursday, 27 July 2006
Maine real estate sales prices rose by less than 3 percent in the first six months of the year, another sign that the state's once-hot real estate market is leveling off. The median sales prices of $194,500 represented an increase of 2.9 percent over a year ago.
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Michigan Threatened by the Real Estate Anti-Discounter Law
Wednesday, 26 July 2006
Fortune has learned that Michigan Gov. Jennifer Granholm has come out against a state bill that would make Michigan the tenth state to outlaw discounted, no-frills real estate brokerages. The bill, which has already passed in the Michigan House, would impose so-called "minimum-service requirements" on all real estate agents in the state.
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Real-estate Ginn to Buy MB2 and Expand
Wednesday, 26 July 2006
The sale of MB2 Motorsports to real estate and resort developer Bobby Ginn should shore up the Nextel Cup team's short- and long-term future.
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When Does Refinancing Make Sense?
Tuesday, 25 July 2006
Mortgage Bankers Association said that despite the upward drift in mortgage rates, refinancing continue to account for more than a third of all new mortgage applications.
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Your Options in Financing for Home Improvements
Tuesday, 25 July 2006
While it's fun to imagine how you'll use a new space in your home - a new master bathroom, a renovated kitchen or a spacious home office - figuring out how to pay for it is another matter entirely.
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US MLS Institute Find Ways for Nation-Wide Real Estate Open MLS
Tuesday, 25 July 2006
A group of real estate brokers and software firms have formed the Open MLS Institute, a nonprofit corporation, http://www.openmlsinstitute.org/, seeking to create open multiple listing service (MLS) standards that will allow real estate agents and consumers to view and list all homes for sale and rent in the United States.
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Illinois Acts to Support Homeless Single Women
Tuesday, 25 July 2006
The Illinois Housing Development Authority announced Monday a $1.1 million interest-free loan to help create affordable apartments for 28 homeless single mothers on Chicago's South Side.
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$600M USD Poured in a Real Estate Project in Bahrain Bay
Tuesday, 25 July 2006
The landmark US$1.5 billion Bahrain Bay has become the only real estate development project in Bahrain which has attracted US$600 million in foreign investment, reaffirming the Kingdom's status as a preferred destination for foreign investors.
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Homeowners Warned about Real Estate Scams
Tuesday, 25 July 2006
Victims include retired folks strong-armed into signing papers under the misconception that they are getting a reverse mortgage. Or a desperate homeowner who can't make the monthly adjustable mortgage payment and transfers the deed to get financial release, the BBB says. Or, the victim might be a family, saddled with huge medical expenses, facing foreclosure and succumbing to a stranger's offer to buy their property.
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Heating Real Estate Market for Biotech
Monday, 24 July 2006
The large glass-paneled research building sits directly across a square from Genzyme Corp.'s sleek, green headquarters. To cut its losses, Vertex sublet space in the building, first to Momenta Pharmaceuticals Inc. in fall 2004, then to Genzyme in early 2005. ``That one building was the biggest swing in the whole market for lab space," said Steve Purpura, a partner at Richards Barry Joyce & Partners, a Boston real estate firm that advises life-sciences companies and landlords. Now, if you're looking for 25,000 square feet of class A lab space in East Cambridge, you have few choices."
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