Today’s Real Estate News 4-27-2011

27 Apr

Federal Reserve Chairman Ben S. Bernanke

What is the best real estate smart phone app that you’ve used?  On my iPad I have, Trulia, Zillow, and Stewart My Files (it links to SureClose for your client files).  What are some others that are worth a look?

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

Treasury Quietly Plans for Failure to Raise Debt Ceiling
The Washington Post | April 27, 2011
The White House is warning that catastrophe will strike if Congress fails to raise the limit on the national debt: With too little cash to pay creditors, the U.S. government would default. Interest rates would skyrocket. And the economic recovery would collapse.

Bernanke Prepares to Make History by Holding Open News Conference
The Washington Post | April 27, 2011
On Wednesday afternoon, Ben S. Bernanke will step in front of a lectern in a space across the hall from the Federal Reserve cafeteria and make history: He will be the first Fed chairman to take routine, on-the-record questioning from the media.

Fed’s ‘Extended Period’ Pledge May End in 2011, Economists Say
Bloomberg | April 27, 2011
Federal Reserve officials will probably prepare to pull back from record stimulus by dropping a pledge this year to hold the main interest rate near zero for an “extended period,” according to a Bloomberg News survey.

White House Eyes Warren Associates for Consumer Job
Reuters | April 27, 2011
The White House is zeroing in on close associates of law professor Elizabeth Warren, an outspoken critic of Wall Street, to head the new U.S. consumer financial agency, a source with knowledge of the discussions told Reuters.

Freddie Mac’s Delinquencies Decline for Fourth Straight Month
DSNews | April 26, 2011
The percentage of home loans going unpaid is steadily declining for the nation’s second largest mortgage company.

U.S. Mortgage Applications Fell 5.6% Last Week on Purchases
Bloomberg | April 27, 2011
Mortgage applications in the U.S. declined last week, led by the biggest drop in purchase requests in almost a year. rolls out iPad app
Inman News | April 26, 2011
Property search site has launched a mobile application for the Apple iPad, site operator Move Inc. announced today.  Also today, the company announced the newest update to its iPhone app, which makes the iPad and iPhone apps more similar in appearance.  

From the National Association of Realtors®:

Is This Really a Buyer’s Market?
More buyers are referring to a “false buyer’s market” in real estate. “If you think prices are cheap, wait until you start putting offers in,” says one buyer.  

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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Posted by on April 27, 2011 in economic news, news, real estate, Real Estate news, Uncategorized, US news


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