Legal Matters
Top Real Estate and Mortgage Headlines for September 1st
September 1, 2010 by Cathy Mattan · 1 Comment
It’s Wednesday and it’s the start of a new month. Here is today’s top real estate headlines according to the National Association of Realtors.
- 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. - Housing Less Likely to Be Wealth Builder
The markets will stabilize, but some experts doubt that prices will rise faster than inflation. - 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.
These are the top real estate and mortgage headlines for today, September 1, 2010.
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