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.
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.
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.
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.
Google Invests in Low-Income Housing The Internet giant is spending $86 million on a tax-credit fund to finance the construction of 480 affordable housing units.
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