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Today’s Real Estate News 3-23-2011

23 Mar

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

Cash Is King in Today’s Distressed Marketplace
DSNews | March 22, 2011
Evidence of constricted mortgage credit was highlighted in the latest HousingPulse report from Campbell Surveys and Inside Mortgage Finance as cash transactions set a new record, accounting for 33.7 percent of home purchases in February.

Higher Mortgage Down Payments May Cramp Homebuilder Recovery
HousingWire | March 22, 2011
As regulators stiffen mortgage underwriting requirements, some homebuilders stand to lose more business than others.

Sales of New Homes in U.S. Probably Climbed in February
Bloomberg | March 22, 2011
A projected February increase in sales of U.S. new homes probably failed to make up for the ground lost the prior month, adding to evidence the industry is floundering, economists said before a report today.

Discounts Expected in Spring Housing Market
The Wall Street Journal | March 22, 2011
Sales of previously owned homes fell sharply in February, setting the stage for steep discounting in the spring market.

From the National Association of Realtors®:

Buyers Ready to Snatch Bargains This Spring
Deep discounts in housing mixed with low interest rates may offer real estate its busiest spring season in years, economists say.

Celebrities’ Worst Real Estate Mistakes
Business Insider reveals some of the biggest real estate blunders of the stars.

Law Students Help Foreclosed Home Owners
A new program at Ohio’s Capital University, which may soon serve as a model across the country, has law students helping home owners who are facing foreclosure learn how to stay in their homes.

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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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