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Monday, October 26, 2009

Daily Real Estate News

---------- Forwarded message ----------
From: REALTOR(R) Magazine Online <NAR@newsletters.realtor.org>
Date: Mon, Oct 26, 2009 at 12:57 PM
Subject: Daily Real Estate News
To: john@johnjrose.com


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October 26, 2009

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Tax Credit Extension Considered in Senate
A Senate vote is likely on at least one of the three home buyer tax credit proposals currently being debated.
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House Panel Probing Mortgage Practices
An investigation will examine the role of mortgage lenders and whether they used predatory practices to lure borrowers, leading to the economic crisis.
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Capmark Financial Declares Bankruptcy
A $1.6 billion quarterly loss and mounting losses on mortgage and commercial loans contributed to Capmark seeking bankruptcy protection.
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Low Prices Changing New Home Market
Despite a dwindling supply of new homes, builders have little incentive to step-up production due to continued job losses and low prices.
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Credit Disputes Could Bar Home Loans
Fannie Mae policy may hinder home buyers who dispute credit errors from getting a loan.
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Goldman Sachs Predicts Further Declines
Government supports such as the first-time home buyer tax credit and slowing foreclosures are only temporary fixes, according to a Goldman Sachs market report.
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10 Affordable Home Redos
Buyer's Guide: New Car Class of 2010
Make the Most of Your Fourth Quarter
Does Earning Plaques Matter?
Does your brokerage encourage competition? Does singling out top performers inspire others or simply lead to professional jealousy? What is the real value of sales contests?
Read more >
2009 Expo Exhibitor List
Economy: Looking Toward Stabilization
Progress on the Tough Issues
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