Today’s news that may be of interest to you:
Here is a list of “Tomorrow’s Real Estate Trouble Spots” as recently ranked in Forbes. I was surprised by several on the list, including Portland, Eugene, Bellingham, and two areas in Utah. Click on the link, then the picture article, then the arrows in the upper right. It’s a little confusing to get to.
No ‘Frenzy’ to Beat Homebuyer Tax Credit Deadline
CNNMoney | April 29, 2010
The $8,000 homebuyer tax credit has had an impact: Reports from around the nation are that contract signings have been way up the past few weeks as people prepare for the credit to expire on Friday.
Geithner: Fannie and Freddie Reform Plan Coming in Six Months
The Hill | April 29, 2010
The Obama administration will likely take another six months before releasing its plan to reform Freddie Mac and Fannie Mae mortgage firms, Treasury Secretary Timothy Geithner said Thursday.
Mortgage Rates Remain Flat
DSNews | April 29, 2010
Mortgage rates seem to be in a holding pattern. While still relatively low, rates remained flat for the second consecutive week, Freddie Mac and Bankrate reported Thursday.
U.S. Economy Grows 3.2 pct in First Three Months of the Year
The Washington Post | April 30, 2010
The U.S. economy grew at a slightly slower-than-expected pace in the first quarter, held back by inventories and exports, but resurgent consumer spending offered evidence of a sustainable recovery, a government report showed on Friday.
From the National Association of Realtors®:
Households Unfazed by Expiring Tax Credits
Most believe housing remains key over the long-term and would buy regardless of tax credit.
Foreclosures Decline in Most Hard-Hit Markets
The improvement is due to non-market forces, including government intervention, an analyst says.
Investment Bank Predicts Rising Foreclosures
Prices have another 3-5 percent to fall over the next two years, Barclays thinks.
Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA 99201
Direct Line: 509.321.3939
Direct Fax: 866.652.8834
Please remember to choose Stewart Title of Spokane on your next transaction!