DailyMarkets.com - Why Are Real Estate Commissions Fixed?

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• Why Are Real Estate Commissions Fixed?
• Buying Home: Asking Price – What Should You Offer?
• Wall Street Pare Losses, EU Worries Persist
• Euro Turns South As Spanish Borrowing Costs Rise
• Factual Free-Market Fairness
• Central Bank News Link List – June 18, 2012
• Oil Slides Alongside Greece Optimism
• EURUSD Falls Back Below 1.26 As Spanish Yields Soar
• Stocks Mixed As Greece Euphoria Fades
• Those Dangerous Dogs Of The Dow

Why Are Real Estate Commissions Fixed? Posted: 18 Jun 2012 09:46 AM PDT Steven Landsburg points to an economic riddle about real estate commissions: “In many real estate markets (including the one where I'm currently shopping), the agent's commission is equal to a fixed percentage of the sale price. (Typically it's 6%, though this is split evenly between the buyer's and seller's agents, each of whom gives a cut to their respective agencies, so either agent's take-home is more on the order of 2%). This means that if you sell a million-dollar house, you … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Buying Home: Asking Price – What Should You Offer? Posted: 18 Jun 2012 08:35 AM PDT … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Pare Losses, EU Worries Persist Posted: 18 Jun 2012 08:17 AM PDT 06/18/12 US equities came off opening lows, as focus remained on the Euro zone debt crisis. Despite the Greek election results, ongoing concerns over Spain and Italy weighed on global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Turns South As Spanish Borrowing Costs Rise Posted: 18 Jun 2012 03:00 AM PDT 06/18/12 Despite relief from Greece’s election, the euro has turned lower after Spain’s borrowing costs hit an all-time high above … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Factual Free-Market Fairness Posted: 18 Jun 2012 07:56 AM PDT Deidre McCloskey defends the free market and makes the important point that “Efficiency is not the chief merit of a market economy: innovation is,” along with providing many examples of “government failure” and “unintended consequences,” here’s a sample: “In the 19th and 20th centuries ordinary Europeans were hurt, not helped, by their colonial empires.  Economic growth in Russia was slowed, not accelerated, by Soviet central planning.  American Progressive regulation and its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank News Link List – June 18, 2012 Posted: 18 Jun 2012 07:20 AM PDT     Here’s today’s Central Bank News link list, click through if you missed the previous central bank news link list.  Remember, if you want to submit links for inclusion in the daily link list, just email them through to us or post them in the comments section below.  G20 to press Europe for lasting fix for debt crises (Reuters) Europe gets emerging market crises ultimatum as G-20 meet (Bloomberg)  Australia central … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Slides Alongside Greece Optimism Posted: 18 Jun 2012 02:00 AM PDT 06/18/12 Front month crude prices were in the red Monday as optimism over Greece’s elections started to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EURUSD Falls Back Below 1.26 As Spanish Yields Soar Posted: 18 Jun 2012 06:51 AM PDT Fundamental Headlines - Dollar Shortage Seen in $2 Trillion Gap – Bloomberg - Euro Chiefs Signal Greek Austerity Softening as Summit Looms – Bloomberg - Egypt Islamists Claim Presidency as Army Tightens Grip – Reuters - Greece's Conservatives Start Coalition Talks – WSJ - Spanish Yields Surge; Greek Relief Wanes – WSJ Asian/European Session Summary The Greek elections yielded the somewhat surprising result of a strong New Democracy victory, with the pro-bailout party garnering … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Mixed As Greece Euphoria Fades Posted: 18 Jun 2012 01:00 AM PDT 06/18/12 Stocks were mixed Monday as euphoria over Greece’s election results faded on soaring Spanish borrowing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Those Dangerous Dogs Of The Dow Posted: 18 Jun 2012 02:59 AM PDT The Dogs of the Dow. It has such a nice ring to it doesn't it? Almost everybody who has been around investing for a while has some understanding of what that phrase means. It's quite possibly the most famous of all dividend investing strategies having been popularised by Michael O'Higgins in a 1991 book called 'Beating the Dow'. So the trick goes, by investing in the 10 highest yielding stocks in the Dow Jones index once per year for a whole year you could beat the Dow, and with it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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