Today’s Real Estate News 4/21/10

21 Apr

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

Once Critical of Financial Regulation Bill, Republicans Change their Tone
The Washington Post | April 21, 2010
Key Senate Republicans on Tuesday began to back away from their sharp criticism of proposed new financial regulations and expressed optimism that a bipartisan deal on a bill that would drastically change the way Wall Street operates could emerge in the coming days.

Housing Market May Not Be That Weak, Shiller Says: Tom Keene
Bloomberg | April 20, 2010
The U.S. housing market may not be as weak as Robert Shiller, co-creator of the S&P/Case-Shiller home price index, described it earlier this month.

The Great Housing Recession Continues
Forbes | April 21, 2010
A kind of silly debate has broken out among economists over whether our recent downturn deserves the label “The Great Recession.” We’ll leave it to others to sort this out. But we would argue that the downturn in the housing sector is pretty “great”–far worse than in past recessions.

Bernanke Calls Authority to Break Up Firms ‘Constructive’
BusinessWeek | April 20, 2010
Federal Reserve Chairman Ben S. Bernanke said proposals to give regulators authority to dismantle large financial firms would be “constructive.”

In Sour Home Market, Buying Often Now Beats Renting
The New York Times | April 20, 2010
In much of the country, for much of the last decade, renting a home has usually been a better financial move than buying one. It’s been true in Southern California, San Francisco, Phoenix, Las Vegas and large parts of Florida, the Pacific Northwest and the Northeast.

Inspector General says Changes to Making Home Affordable May Impede Help
The Washington Post | April 21, 2010
Proposed changes to the government’s marquee foreclosure-prevention initiative may impede efforts to help troubled homeowners and could lead to more fraud in the program, a federal watchdog concluded in a report released Tuesday.

From the National Association of Realtors®:

Cost Between Renting and Owning Narrows
A new study reveals that the cost difference is minor between renting and owning in many cities.
Read more >

REALTORS Use MLS to Spot ‘Green’ Properties
Learn how the Green MLS Took Kit can help your clients find sustainable properties.
Read more >

Fannie: Excess Homes Weighing on Recovery
Analysts from Fannie Mae say that the residential market is stabilizing, but inventory levels are still high.
Read more >

5 Costly Mistakes First-Time Buyers Make
Help guide first-time home buyers through the process by avoiding these costly mistakes others have made.
Read more >

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Anthony Carollo 2007 EMAIL Follow acarollospok on Twitter

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

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


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