Today’s Real Estate News 1-19-2011

19 Jan

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

Mortgage Applications Rose in U.S. for Third Straight Week on Refinancing
Bloomberg | January 19, 2011
Mortgage applications in the U.S. rose for the third consecutive week as the number of homeowners seeking to refinance continued to climb from a one-year low.

Regulators to Release Results of Foreclosure Probe Next Month
DSNews | January 18, 2011
The task force assembled by federal banking regulators to investigate the industry’s servicing and foreclosure practices is expected to release the results of its findings as early as February.

Is Now the Time to Buy a Retirement Home?
The Wall Street Journal | January 19, 2011
Palm Beach, Hilton Head, Santa Barbara. They’re some of the most coveted vacation and retirement home markets in the nation – and like many other locales popular with retirees, they’re seeing an uptick in home sales. It’s a trend that’s catching the attention of many soon-to-be retirees, too, who wonder if those buyers are onto something. And it begs the question: With housing prices depressed and interest rates low, should you buy a retirement home even if you’re years away from living in it?

Builders Likely Began Work on Fewer U.S. Houses in December
Bloomberg | January 19, 2011
Builders probably began work on fewer homes in December, a sign the industry that triggered the recession continues to struggle more than a year into the U.S. economic recovery, economists said before a report today.

Obama Orders All Fed Agencies to Review Regulations
The Washington Post | January 18, 2011
President Obama on Tuesday ordered every federal agency to conduct a systematic review of existing regulations, a concerted effort to banish red tape at a time when the administration is eager to promote economic growth and to repair its fractured relations with the business community.

Adjustable-Rate Mortgages Fall to 3% Market Share as Homeowners Watch Risk
HousingWire | January 18 2011
A recent New York Federal Reserve report shows that adjustable-rate mortgages fell from a nearly 70% share of the market in 1994 to just 3% in early 2009 as homebuyers grew more wary of the risks associated in these products.

From the National Association of Realtors®:

Is Real Estate Jeopardizing Economic Recovery?
Analysts say that in times of economic slowdown a strong housing market is key to recovery.

Aid Coming for Seniors Unable to Make Payments
The National Council on Aging is conducting a pilot program to help seniors who are struggling to pay property taxes and home owners’ insurance.

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

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


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