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Today’s Real Estate News 8-2-2011

02 Aug

In his blog, Dr. Ted Jones offers a good review of the relationship between title insurance premiums and title claims.  The two graphs in about the middle of his blog tell the tale: title claims the past 3 years have far exceeded premiums (U.S. Title Coims Rate and U.S. Title Premiums and Claims).

Dr. Ted Jones blog

Today’s news that may be of interest to you:

House Passes Historic Debt Deal on Eve of Deadline
The Washington Post | August 1, 2011
A plan to lift the nation’s debt limit and reduce government spending cleared a crucial hurdle in the House on Monday night, as recalcitrant Republicans and disappointed Democrats rallied around a measure to avert a government default. The Senate vote is set for noon Tuesday.

Debt-Ceiling Deal Risks Compromising Fragile Economic Growth
The Washington Post | August 1, 2011
The deal between President Obama and Congress to raise the federal debt ceiling would avert a financial crisis but also threaten to aggravate the basic problems facing the U.S. economy, including a stubbornly high unemployment rate and weak demand.

Fannie Mae Unwind Slows Down
HousingWire | August 1, 2011
Mortgage securitization business at Fannie Mae got a little smaller in June, according to the monthly survey from the government-sponsored enterprise, but the rate at which Fannie Mae business contracts is slowing down.

Survey Finds REOs and Short Sales Are Major Causes of Legal Disputes
DSNews | August 1, 2011
Short-sale disputes were designated as the most significant legal issue facing real estate professionals, according to the recent National Association of Realtors’ 2011 Legal Scan: Legal Issues Facing Real-Estate Professionals.

Consumer Spending in U.S. Unexpectedly Fell
Bloomberg | August 2, 2011
Consumer spending in the U.S. unexpectedly dropped in June for the first time in almost two years as a slump in hiring caused households to retrench.

Debt Deal Makes Bond Market Happy – Savers Might Not Be
USA Today | August 2, 2011
Yields on Treasury securities, which determine interest rates on a broad array of consumer loans and savings accounts, have plunged on fears of a weaker economy.

Will Property Tax Increases Stifle Housing Further?
Realty Biz News | August 1, 2011
A growing number of county governments across the U.S. are planning property tax increases in 2011, or have already approved increases, despite the continuing problems with falling home values and high foreclosure rates.

Office Tenants Move Up in Class
The Wall Street Journal | August 1, 2011
Much like prize fighters who move up in weight class, tenants are moving up in class from class B buildings to class A buildings.

How Apple would solve the debt crisis
MarketWatch | August 2, 2011
Spending is good. Borrowing is better. Washington is doing neither. It’s liquidating.  I’ve been covering Wall Street and corporate America for going on two decades, and if there’s anything I’ve learned it’s that there are really only two kinds of companies: those growing and those shrinking.

From the National Association of Realtors®:

Neighbors, Agents Team Up to Boost Home Values
In the Atlanta metro area, neighbors have seen values drop quickly. To prevent them from dropping any further, some home owners are teaming up to clean up neighborhood eyesores and help real estate professionals with open houses.  (I love stories of neighbors helping neighbors.  We need more of it in this world! ~Anthony)

Are Too Many Real Estate Deals Falling Apart?
One of every six real estate professionals polled in June reported they had a signed contract canceled before closing, up from one in 25 the month prior. So, what’s causing the surge?

 

Anthony Carollo 2007 EMAIL  

 

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Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA  99201
Telephone: 509.328.7171
Direct Line: 509.321.3939
Direct Fax: 866.652.8834
acarollo@stewart.com

Please remember to choose Stewart Title of Spokane on your next transaction!

www.StewartSpokane.com

 

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