Today’s Real Estate News 3-21-2011

21 Mar

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

Treasury’s Expanded New Power
The Washington Post | March 21, 2011
Timothy F. Geithner soon will announce a decision that underscores just how much power last year’s far-reaching financial overhaul legislation ceded to the Treasury secretary.

Frank Wants Tax on Banks, Hedge Funds to Subsidize Housing Programs
DSNews | March 18, 2011
House Republicans may have succeeded in passing legislation to end federal housing programs that provide assistance to unemployed homeowners and fund efforts to clean up vacant foreclosed homes, but their Democratic counterparts aren’t going to take it lying down.

Home Prices Dip 3.8% in 2010 RadarLogic Index
HousingWire | March 21, 2011
Home prices in 25 metro markets tracked by analytics firm RadarLogic in its RPX Composite index declined by 3.8% in 2010, the firm reported.

Republicans Seek to Sell Off Disposable Federal Real Estate to Help Pay Debt
FOX News | March 20,2011
Three Republican lawmakers are seeking to force Uncle Sam to sell about 3.3 million acres of land he no longer needs to help pay down the national debt.

Buying a First Home
The Wall Street Journal | March 20. 2011
With housing prices stagnant and still falling in many parts of the country, and interest rates still relatively low, younger first-time buyers are finding that they can afford more house than they would have a few years ago.

From the National Association of Realtors®:

The 6 Most Vacant U.S. Cities
Where did all the home owners go? Forbes reveals the emptiest U.S. cities by home and apartment vacancy rates.

Japan Crisis Causes Drop in U.S. Mortgage Rates
The devastation in Japan affected the U.S. mortgage markets this week, with 15-year mortgages hitting its lowest rate in more than a year.

Congressman Introduces Bill to Scale Back GSEs
A top House Republican introduced a bill on Thursday to ease the U.S. government’s involvement in the housing mortgage market.

FDIC Sues 3 Former Bank Execs for Risky Lending
The Federal Deposit Insurance Corp. filed its first high-profile lawsuit this week against three former top executives of Washington Mutual, the largest U.S. bank ever to fail.

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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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