Commercial Real Estate Yields Spur Investors
Capitalization rates averaged 7.22 percent in the second quarter, or 4.29 percentage points higher than the yield on 10-year government bonds.
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Housing Less Likely to Be Wealth Builder
The makets will stabilize, but some experts doubt that prices will rise faster than inflation.
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Mortgage Applications Slip Slightly
The purchase index dropped 0.4 percent, but refinancings were up 2.8 percent last week as interest rates continue to fall, according to the Mortgage Bankers Association.
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No Class-Action Status on Phony Appraisals
A U.S. District Court refused a request for class-action status in a suit by First American Corp. shareholders who said that the stock tanked when the company was charged with colluding with Washington Mutual to inflate appraisals.
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Hyperlocal Focus Is Key to Market Domination
A multi-pronged approach including online and offline marketing plans and a six-month budget can help agents boost their share of the business.
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