Today’s news that may be of interest to you:
Escaping Double Dip to Growth Recession Means No Job Relief
Bloomberg | September 19, 2010
Federal Reserve Chairman Ben S. Bernanke pulled out all the stops to avert a depression last year. Now he and his colleagues must decide how to respond to the risk of a growth recession in 2011.
FHA May Slash Upfront Costs of Some Reverse Mortgages
Los Angeles Times | September 19, 2010
The Federal Housing Administration isn’t talking publicly about it, but the agency may be getting ready to cut the upfront costs of reverse mortgages for some borrowers.
Home Sales, Goods Orders Probably Rose: U.S. Economy Preview
Bloomberg | September 20, 2010
Home sales probably increased in August, a sign the U.S. real estate market is stabilizing after the expiration of a tax credit caused demand to plunge, economists said before reports this week.
As TARP Fades, a Look at Its Flaws and Its Success
The New York Times | September 17, 2010
The Congressional Oversight Panel for the government’s $700 billion banking bailout has issued an assessment of the Troubled Asset Relief Program on the eve of its expiration that gives it a mixed review.
That Nest Egg is Feeling Fragile
The Washington Post | September 19, 2010
For decades, Americans have largely counted on the stock markets and real estate to finance life’s biggest expenses, from their children’s college to retirement.
Housing ‘Expectations’ Shifting Due to Stimulus
CNBC | September 18, 2010
I’m not sure if it’s politics alone or the politics of economic prediction, but I’m seeing an awful lot of “revised” housing expectations as we head into fall.
The Boston Globe | September 20, 2010
When Tom Kinch bought a home once occupied by a colonel at Fort Devens, he envisioned the old Army base soon becoming a bustling community.
From the National Association of Realtors®:
CoreLogic Predicts Days On Market Could Double
The real estate analysts at CoreLogic believe that with the tax credit expiring and inventory levels high, properties could take twice as long to sell.
Where Is the Shadow Inventory?
Alan Mallach of the Brookings Institution throws in his two cents about what’s happening with high number of distressed properties owned by banks.
Home Buying and Selling Tips for Fall
The change of season can mean a change in how buyers and sellers operate.
Number of Price Reductions Rise in Some Cities
According to real estate Web site Trulia.com, more home owners are cutting prices.
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!