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Today’s Real Estate News 8-27-2010

27 Aug

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

Mortgage Finance Players Begin to Measure the “Shadow” Shadow Inventory
HousingWire | August 26, 2010
The recent data that shows delinquencies rising, mixed with reports that a lack of borrower equity is one of two major reasons for mortgage default, is propelling mortgage finance analysts to attempt to measure the pipeline of borrowers who are likely to lose their home, via strategic default or loss of income.

Fed Will ‘Strongly Resist’ Deflation
MarketWatch | August 27, 2010
Federal Reserve Board Chairman Ben Bernanke said Friday that the central bank would not sit idly and let the U.S. economy sink into a period of deflation.

Secondary Markets Attract Yield, Rehab Buyers
MultiFamily Executive | August 26, 2010
While large institutional buyers and REITs continue to duke it out in the core and core-plus apartment acquisition space, deal flow in Class B assets is beginning to improve. Smaller buyers looking to generate cash flow and returns on value-add opportunities are turning away from the compressed mid-4 percent cap rates of core deals and eying mid-range transactions. 

Landlords Cut Rents to Lure Commercial Tenants
CNBC | August 26, 2010
U.S. commercial property landlords cut rent and offered concessions to lure tenants as vacancies remained high, the National Association of Realtors reported in a quarterly property survey released Thursday.

First Look: Brand New Foreclosure Numbers Reverse MBA Survey’s Bright Spots
CNBC | August 26, 2010
Barely an hour after I reported the somewhat positive delinquency survey from the Mortgage Bankers Association, I received a soon-to-be released report from Lender Processing Services that threw a bucket of water on the cautious optimism of the Bankers.

From the National Association of Realtors®:

Commercial Conditions Favor Business Growth
Rent discounts, other favorable conditions in commercial real estate markets make it a good time for expansion moves by business, NAR report suggests.

Fannie Mae to Prohibit ‘Appraisal Cutting’
The secondary mortgage market company doesn’t want lenders to cut valuations anymore on appraisals in dispute.

Communities Cooperate to Go Solar
Households that are uncertain about costs and risks of going solar find comfort in taking the plunge as part of a group.
 

As you know, I don’t do a plug in here very often, so bear with me!  Much of our staff now has a bio online (with more to come).  Feel free to go to www.StewartSpokane.com and check out the “Meet our Staff” button on the left and find the name you want.  We also have on our site the best rate calulator and seller net sheet of anyone in town.  Check ’em out!  Thanks.

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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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