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XNET Real Estate Directory
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Monday, January 28, 2008 It was late October, and Redfin, an online real-estate brokerage firm based in Seattle, had received just three months earlier a $12 million investment led by the marquee venture capital firm Draper Fisher Jurvetson. In the interim, the mortgage industry melted down, foreclosures spiked, and housing sales slowed to a crawl. Now one of Redfin's biggest markets, Los Angeles, was battling a series of wildfires, and Redfin's sales had stopped cold. ...
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Monday, January 28, 2008 NEW YORK: Sales of new homes in the United States fell 26 percent last year, the steepest drop since record-keeping began in 1963, the U.S. Commerce Department said Monday. And the National Association of Realtors, a trade group for real estate agents, reported last week that sales of previously owned single-family homes, a large portion of the overall housing market, had suffered their biggest annual drop in 25 years. Prices have also fallen ...
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January 29 2008 The Case-Shiller index of home prices on Tuesday delivered the latest bleak snapshot of the US residential property market, with prices of homes in 20 large cities falling 7.7 per cent in the year to November 2007. The decline was steeper than the 7.1 per cent drop expected by economists, and significantly more acute than a 6.1 per cent fall in the index the previous month. The disappointing Case-Shiller report, published by Standard & Poor’s, will ...
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