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Today’s Real Estate News 5-16-2011

16 May

What is the best Social Media tool you have used in your business?  ActiveRain?  LinkedIn?  Facebook?  Twitter?  Something else?  Post your thoughts and how it’s helped you on my blog or on Facebook http://on.fb.me/jOieJB (For Spokane folks, have you tried www.LaunchPadINW.com?)

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

U.S. House Panel Backs Flood Insurance Overhaul
Reuters | May 13, 2011
A U.S. congressional panel voted on Friday to reform the troubled government flood insurance program amid heavy flooding along the Mississippi River from the Midwest to the Deep South.

Making Business Better, One App at a Time
The Wall Street Journal | May 16, 2011
A growing number of small companies are heading to the app store. Just as consumers buy games and other software for their mobile phones, there’s a booming market for apps that help small companies boost their efficiency. Businesses are using the software for everything from managing travel plans to tracking employees and equipment in the field, and speeding up invoicing.

Hedging Your Home Value: The Greatest Idea Never Sold
The Wall Street Journal | May 14, 2011
With home prices in what seems like an endless fall, why is it so fiendishly difficult to protect yourself against the risk of a further drop?

Survey: More Underwater Homeowners Open to Strategic Default
DSNews | May 13, 2011
Nearly twice as many underwater borrowers think it is okay to walk away from a mortgage if they face financial distress than harbored this sentiment a year ago, according to a survey conducted by Fannie Mae.

Housing Probably Lagged Behind Factories: U.S. Economy Preview
The San Francisco Chronicle | May 15, 2011
Sales and construction of U.S. homes probably hovered in April around the lows reached during the recession, while factories kept churning out more goods, a reminder that manufacturing remains the engine of the recovery, economists said before reports this week.

Americans Shed Mortgage Debt at Record Pace
USA Today | May 15, 2011
Americans are reducing mortgage payments at a record clip, directing cash that once went for debt into consumer spending and savings.

HUD Funding Reveals Million-dollar Wasteland
The Washington Post | May 15, 2011
The federal government’s largest housing construction program for the poor has squandered hundreds of millions of dollars on stalled or abandoned projects and routinely failed to crack down on derelict developers or the local housing agencies that funded them.

Are We Facing the End of the 30-year Fixed-rate Mortgage?
Los Angeles Times | May 15, 2011
Many housing proponents say the government’s move to dismantle Fannie Mae and Freddie Mac means the most popular home loan will be more expensive. But how much more is a matter of debate.

From the National Association of Realtors®:

Commercial Real Estate Slowly Turning Around
The downturn in commercial real estate was so severe that it’s been difficult to discern a turnaround. But it’s there, says NAR Chief Economist Lawrence Yun.

Mortgage Rates Drop to Lowest Level of Year
How low will they go? For the fourth straight week, mortgage rates inched downward for the week.

The Impact of Dodd-Frank on Real Estate
The financial reform bill passed last year has some significant implications for real estate, as it addresses qualified residential mortgages, RESPA, appraisals, and other issues.

Anthony Carollo 2007 EMAIL  

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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