Archive for May 27th, 2008

MLS Now Open To Online Real Estate Brokers

Thanks to everyone who gave me a heads up, and to G.H. who sent this link to the Arizona Star: WASHINGTON — The Justice Department gave a boost today to online real estate brokers — and potentially their clients — by forcing new industry policies that give Internet-based agents access to home listings they were previously denied. The tentative settlement, which still requires court approval, could save consumers thousands of dollars when buying a home. Online real estate agents often charge discounted commission fees and let buyers review listings at their own pace. Essentially the deal requires the 800 multiple…
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Case-Shiller: Home Price Drop Largest On Record

From Reuters this morning:   Prices of U.S. single-family homes plunged a record 14.1 percent in the first quarter from a year earlier, marking a pace five times faster than the last housing recession, according to the Standard & Poor’s/Case Shiller national home price index reported on Tuesday. The S&P/Case Shiller composite index of 20 metropolitan areas fell 2.2 percent in March from February and plummeted 14.4 percent from March 2007. This is the largest drop on record:

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