Archive for August, 2012


Home Sales Agreements Hit A 2-Year High

Enlarge Justin Sullivan/Getty Images A sold sign stands in front of a home in San Francisco. The National Association of Realtors’ index of sales agreements was 12.4 percent higher last month than in July 2011. Justin Sullivan/Getty Images A sold sign stands in front of a home in San Francisco. The National Association of Realtors’ […]

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AP National News Calendar

Eds: Major scheduled events for September. Note that many events, especially court appearances, are subject to change at the last minute. The following economic reports will be issued in Washington (all times EST): SATURDAY, Sept. 1: No events of note. ___ SUNDAY, SEPT. 2: No events of note. ___ MONDAY, SEPT. 3: President Barack Obama […]

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Home sales hit 2-year high. Is the housing market back?

Home sales agreements for previously occupied homes jumped 2.4 percent in July, the National Association of Realtors said Wednesday. The increase is the latest sign that the home sales are finally rebounding five years after the housing bubble burst. By Marcy Gordon, AP Business writer / August 29, 2012 This photo taken last week shows an exterior […]

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Investors Find Real Estate Enticing Once More

(Source: By Kathleen Lynn The Record (Hackensack, N.J.) (MCT) — The stone house has small rooms, an overgrown yard and a roof that begs to be replaced. But investor Frank Oliveri and his business partner, Al Best, see the potential in its Wyckoff, N.J., address and the $125,000 in renovations they’ve got planned. The house […]

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US pending home sales surge in July: NAR

Typically, it’s considered good news to lead an important race. In Missouri, it’s a cause for anger and wild accusations. Rep. Todd Akin’s explosive comments about rape and pregnancy have thrown a bizarre wrench in the Senate race, as partisans on both sides of the aisle claim that pollsters are artificially underestimating the other side’s […]

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At Republican National Convention, Cheerleaders, Tequila Make For Big Business

By Andy Sullivan TAMPA, Fla., Aug 30 (Reuters) – Voters watching the Republican National Convention may see Mitt Romney, Paul Ryan and other party standard bearers on their television sets, but they don’t get to sip tequila with NFL cheerleaders. They don’t get to swat line drives at Tropicana Field, home to baseball’s Tampa Bay […]

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Romney Can Take His Dad’s Idea and Cut Mortgage Tax Break

Side with us, or lose a house. That’s essentially what Gary Thomas, president-elect of the National Association of Realtors, was saying this week at the Republican convention when he warned against the elimination of the mortgage-interest deduction. Thomas was provoked by talk from the Republican Party’s presidential nominee, Mitt Romney, and his advisers of “limiting” […]

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Romney Can Take His Dad’s Idea and Cut Mortgage Tax Break

Side with us, or lose a house. That’s essentially what Gary Thomas, president-elect of the National Association of Realtors, was saying this week at the Republican convention when he warned against the elimination of the mortgage-interest deduction. Thomas was provoked by talk from the Republican Party’s presidential nominee, Mitt Romney, and his advisers of “limiting” […]

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NAR Announces Finalists Recognized for Excellence in Community Service

WASHINGTON, DC–(Marketwire – Aug 29, 2012) – Realtors® are the backbone of their communities, often supporting local causes large and small, and volunteering their time to help improve the communities in which they live. The National Association of Realtors® recognized 10 such Realtors® today as finalists for REALTOR® Magazine‘s 2012 Good Neighbor Awards.  This year […]

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Stocks edge up after government revises second-quarter growth higher

The National Association of Realtors said its index of sales for previously owned homes increased 2.4 percent in July, reaching its highest level since April 2010, the last month buyers could qualify for a federal tax credit. “It’s a mixed message overall,” said JJ Kinahan, chief derivatives strategist at TD Ameritrade. “We all know we […]

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