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Today’s Real Estate News 3-10-2011

10 Mar

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

Forecast: Housing Will Continue to Lag Recovery
Inman News | March 10, 2011
The U.S. economy is growing and employment should soon pick up steam, but housing will continue to lag behind other sectors, economists at the UCLA Anderson Forecast said in their latest report.

Poll Finds ‘Half-Full’ Housing Outlook
The Wall Street Journal | March 10, 2011
Dire news about falling home prices abounds, but a new poll finds that a surprising percentage of potential buyers and sellers believe that the market is headed for an upswing.  (It seems a bit surprising that buyers are more upbeat, but check out this quote from the article:  “perhaps most surprising of all, 86 percent of Americans in the survey said that real estate is a good investment despite the volatility of recent years.” ~Anthony)

Jobless Claims in U.S. Likely Rose From Almost Three-Year Low
Bloomberg | March 10, 2011
First-time claims for jobless benefits probably rose last week from an almost three-year low, a pause in the improvement in the U.S. labor market, economists said before a report today.

West Set for Double-dip, as Home Prices Deteriorate: Clear Capital
HousingWire | March 9, 2011
The Western region of the U.S. is in line for a double dip as soon as next month, as home prices continue to drift downward.

Foreclosure Filings Hit 3 Year Low in February: RealtyTrac
HousingWire | March 9, 2011
Lenders filed foreclosures or repossessed 225,101 properties in February, a 27% drop from one year before and the lowest total in three years, according to RealtyTrac.

Fed Gives Markets Clues on Exit From Unprecedented Easing
Bloomberg | March 10, 2011
The Federal Reserve is trying to let investors know that, even as it pursues an unprecedented expansion of monetary stimulus, it hasn’t forgotten about exiting.

From the National Association of Realtors®:

Mortgage Purchase Activity at Highest of Year
Mortgage applications for purchases rose to its highest level of the year last week, as dropping mortgage rates propelled more home buyers to get off the fence.

Police Investigate Missing Real Estate Signs
Police in Kansas City, Mo., uncovered piles of missing real estate signs after investigating complaints from several real estate professionals who said a rival real estate agent was stealing their signs.

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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