News Summary May 5, 2005
In a Newsday article on the cost of title insurance, Tom Stevens stated that the real estate industry is concerned about allegations of questionable dealings between title agents and realty brokers. TheStreet.com quoted Stevens on the housing forecast, which NAR predicts to be the third-best year in the history of real estate. Dow Jones quoted Jerry Giovaniello on the potential negative impact to "tenant-in-common" investments in Senate tax bill. Giovaniello stated, "We believe that even rumors about impending limitations to TIC investments could cause a loss of value for existing assets."
The Hill ran an Op-ed by Tom Stevens which stressed the importance of Congress passing legislation to make small business health plans a reality. Mortgage Servicing News quoted Tom Stevens on the pending launch of the NAR EHS sales median prices futures. David Lereah was quoted in Fortune Magazine on the softening housing market forecast. He stated, "It's a good sign to see home sales holding close to the level of a strong rebound in the month before. This is additional evidence that we're experiencing a soft landing."
