Today’s Real Estate News 4-20-2011

20 Apr

Sales of Existing Homes in U.S. Probably Increased in March

I can’t say I’ve heard much about banks wanting to lend while there is little demand (see the article below).  What’s been your experience?  Do banks seem eager to lend?  Bankers and lenders, are you finding there is little demand for loans?

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

Sales of Existing Homes in U.S. Probably Increased in March
Bloomberg | April 20, 2011
A gain in U.S. sales of existing homes during March probably failed to make up for a drop the previous month, a sign that the housing market is struggling to rebound, economists said before a report today.

Warren Says Consumer Bureau to Release Model Mortgage Forms
Bloomberg | April 18, 2011
Elizabeth Warren, the Obama administration adviser charged with setting up the U.S. Consumer Financial Protection Bureau, said the agency will soon release model mortgage forms that may become the basis of new regulations on home finance.

Unlocking the Loan Puzzle
The Wall Street Journal | April 20, 2011
Banks say they want to lend but there is little loan demand. Borrowers say they can’t get one. The experiences of one upstate New York banker give a clue to how both statements can be true.

Fed Offers up Two Options for Protecting Lenders
The Washington Post | April 20, 2011
The Federal Reserve unveiled a proposal that offers two options under which lenders would be protected from court challenges.

From the National Association of Realtors®:

New-Home Building On the Rise
Builders broke ground on more homes last month, a boost just in time for the spring buying season. Read more about what’s in store for the new-home market with the Commerce Department’s latest report.

More Americans Flock to the South, West
The latest Census data shows population growth mostly in Southern and Western states. But experts say that demographic changes will likely play less of a role in housing prices and relocation trends in the short term.

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Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA  99201
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