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Today’s Real Estate News 5-19-2011

19 May

What year do you expect economic recovery to really move the housing market?  2011? 2012? 2013? 2014?  Take the time to vote on my blog or on our Facebook page!  http://on.fb.me/jOieJB

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

Most U.S. Adults Don’t Expect Real Estate Recovery Until 2014 or Later
Inman News | May 18, 2011
With home prices threatening to double-dip nationwide, most consumers don’t expect a housing recovery in the near term, according to a survey from property search and marketing site Trulia and foreclosure data site RealtyTrac.

Foreign Buyers Getting Firesale Prices on U.S. Housing
The Wall street Journal | May 18, 2011
U.S. real estate, especially on the high end, is getting support from international buyers. If U.S. buyers find homes attractively priced, global buyers are finding a fire sale once exchange rates are figured in.

New Agency Unveils Mortgage Disclosure Forms
The Wall Street Journal | May 18, 2011
Seeking to simplify the home-buying process, the new consumer protection agency on Wednesday unveiled mortgage disclosure forms aimed at helping home buyers understand the terms of loans and shop around for the best offers.

Banks Say Simpler Mortgage Form Could ‘Stifle’ New Products
Bloomberg | May 18, 2011
For Elizabeth Warren, the Obama administration adviser setting up the Consumer Financial Protection Bureau, simpler mortgage paperwork is a “regulatory sweet spot” that will cut lender costs and borrower confusion.

Another Season of Hoarders
The Wall Street Journal | May 18, 2011
Small-business owners that made it through the tough times have learned to stockpile reserves so that they don’t get caught short again.

Members of Congress Call for Probe of HUD’s HOME Affordable-housing Program
The Washington Post | May 17, 2011
A bipartisan group of federal lawmakers is calling on Congress to look into the nation’s housing-construction program for the poor, citing years-long delays and other breakdowns that have thwarted the production of hundreds of affordable-housing projects.

From the National Association of Realtors®:

High Gas Prices Trigger Changes in Buyer Behavior
As more Americans feel the pinch at the pump, home buyers are rethinking their home-shopping priorities in “where” and “what” they’re looking for.

Some Sellers Offer Financing to Get Deals Closed
Buyers who have a foreclosure or bankruptcy in their credit past may have a tough time qualifying for financing to buy a new home. That’s why some sellers are stepping in to offer seller financing to help seal deals.

The 10 Most Walkable Cities
Buyers are showing a preference toward walkable communities, and residents in this top 10 list are enjoying the ranking of being considered some of the most walkable cities in the country.  (Seattle made the list! ~Anthony)

Anthony Carollo 2007 EMAIL  

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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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