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Man to Serve 14 Years in Jail for $1M Real Estate Scam
Friday, 23 June 2006
Prosecuotrs reported on Thrusday that a former real estate agent was sentenced to more than 14 years in prison for stealing his clients' identities to buy and sell property under their names. John Shaw, 47, was found guilty last year of 14 felony counts, including forgery, grand theft, identity theft, conspiracy, perjury and intimidating a witness.
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The Pain of Cincinnati Home Sales Slowdown
Friday, 23 June 2006
Many home sellers admit they overestimated the U.S. housing market, which has begun cooling after five years of record-breaking sales and double-digit price appreciation.
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US Dropping Home Loan Demand while Rates Hit 4-year High
Thursday, 22 June 2006
An industry trade group said on Wednesday that U.S. mortgage applications fell slightly last week. This was driven by a decline in home refinancing loans as interest rates hit the highest in four years. Celia Chen, director of housing economics at Moody's Economy.com, a consulting firm, said last week's drop in applications adds support to the view that rising interest rates are increasingly weighing on the U.S. housing sector.
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China to Stop Real Estate Foreign Investment
Thursday, 22 June 2006
There is a higher chance that China will announce rules this month aimed at curbing foreign investment in real estate. This projection was according to Lin Zheying, deputy director general of the commerce ministry's Foreign Investment Administration.
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California Real estate Slowdown to Cause Recession?
Thursday, 22 June 2006
According to a report forecast, inflation-adjusted home-price appreciation, which was in double digits from 2002 through 2005, will be 7.5% this year, 0.3% in 2007 and negative 4.1% in 2008.
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Bay Area's Slowing Home Sales and Lagging Real Estate
Thursday, 22 June 2006
Residents of Bay area are no longer in a hurry to buy homes now that the once-sizzling housing market is taking a breather. Buyers are on the watch out whether prices will drop a little bit.
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The US Real Estate Bubble
Thursday, 22 June 2006
David Lereah and the rest of his buddies at the National Association of Realtors must think our minds have popped along with their precious real estate bubble when they said that the boom is over, but the market should not expect big drops in real estate prices.
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Missing Home Loan Payments in Florida
Tuesday, 20 June 2006
Contributing to a rise in foreclosures and late payments on loans in Florida are the inflationary pressures, adjustable rates and other factors.
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Consumer Federation of America says Brokerages Stifle Competition
Tuesday, 20 June 2006
The Consumer Federation of America released a report on Monday saying that real estate brokerage firms band together to set prices.
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"All-America County" is Sarasota County
Tuesday, 20 June 2006
Sarasota County has reached its target for three years. It was announced last week that the county was one of 10 local governments to win what the National Civic League calls the "Nobel Prize" of community involvement.
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Latino Home Buying Market may chill because of Georgia Law
Tuesday, 20 June 2006
According to many real estate agents and mortgage providers who cater to Spanish-speaking immigrants across Georgia, the flourishing Latino home buying market has faltered since April, when Gov. Sonny Perdue signed the Georgia Security and Immigration Compliance Act.
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US Foreclosures may possibly turn into ARMs reset
Tuesday, 20 June 2006
Many Americans cannot refinance out of this squeeze as more hybrid adjustable rate mortgages adjust upward and housing prices dip. They are finding themselves trapped in too-high monthly payments, and some face foreclosures.
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Study: Mortgage Process is Biased
Friday, 16 June 2006

Are interest rates or fees you're quoted on a mortgage affected by your race or ethnicity? Do mortgage brokers offer the same deals to African American and Hispanic applicants with identical incomes, credit scores and employment histories compared with white applicants?

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