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Today’s Real Estate News 3-3-2011

03 Mar

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

Fed’s Beige Book Shows Muted Results in Housing, Finance
HousingWire | March 2, 2011
Overall economic activity continued to expand at a modest to moderate pace in January and early February, although the housing and financial markets outlook was muted, according to the Federal Reserve’s Beige Book.

FHA’s Stevens: 23 Lenders Signed Up to Short Refi Program
HousingWire | March 2, 2011
Federal Housing Administration Commissioner David Stevens said 23 approved lenders signed up to participate in the Short Refi program designed to help underwater borrowers avoid foreclosure as of Feb. 11.

Community Banks Push Back on Mortgage Market Reforms
HousingWire | March 2, 2011
Community bank leaders warned a House Financial Services Committee Wednesday about the risks their institutions face from excessive Wall Street regulation.

Federal Shutdown Averted
The Washington Post | March 3, 2011
President Obama signs a stopgap measure that will keep the federal government funded through March 18, averting a shutdown for two more weeks while congressional leaders head to the White House to broker a longer-term deal.

Is Now the Time to Sell a Business?
The Wall Street Journal | March 2, 2011
One in four business brokers believe that 2011 will not be a good year to sell a business, citing slow economic recovery, lack of financing and low business valuations.

Investors Look to Expand Retail Portfolios
The Wall Street Journal | March 2, 2011
The amount of money going into retail property has increased as a share of total European commercial-property investment, according to a survey by Jones Lang LaSalle.

GOP Strikes at Housing Programs
Politico | March 2, 2011
Congressional Republicans aiming to dismantle President Barack Obama’s agenda have set their sights on an easy target: housing programs that even Democrats, gearing up to fight the cuts, concede have been mismanaged.

Bernanke Says Stronger Recovery Would Reduce State Fiscal Woes
Bloomberg | March 3, 2011
Federal Reserve Chairman Ben S. Bernanke said an improvement in state and local government finances will depend on the rate of U.S. economic expansion.

Uncle Sam Finds 14,000 Facilities to Sell
The Wall Street Journal | March 2, 2011
The White House said Wednesday it wants to raise as much as $15 billion for selling off unused buildings, from warehouses and supply sheds to outdated Federal Aviation Administration towers.

From the National Association of Realtors®:

Sellers Need to Get Practical About Price
The spring buying season is around the corner and for home owners who’ve had their properties linger on the market for months–or even years–real estate pros say it’s time to get serious about the sale price.

Commercial Property Deals to Double in 2011
U.S. commercial property purchases may double this year as confidence builds among investors with access to credit.

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
acarollo@stewart.com

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

www.StewartSpokane.com

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