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Today’s Real Estate News 5-20-2011

20 May

The most active question the past week on our Facebook page has been  What is the best Social Media tool you have used in your business?  The response so far has surprised me, I would not have guessed the results we’re seeing.

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

Significant Declines Seen in Late-Stage Delinquencies and Foreclosures
DSNews | May 19, 2011
Industry data released Thursday shows a sharp drop in the percentage of home loans 90 or more days past due or in foreclosure — signs of a mortgage market that is on the mend, according to officials at the Mortgage Bankers Association (MBA).

First-time Homebuyers are Too Few in Number to Absorb Inventory Overhang
HousingWire | May 19, 2011
The number of first-time homebuyers coming to market this spring is not enough to absorb the amount of housing inventory on the market.

Existing-home Sales Fall in April
The Washington Post | May 19, 2011
Sales of previously owned homes dropped in April, falling short of many analysts’ expectations for this key month of the spring selling season.

Regulators Concentrate on Commercial Real Estate Risks
HousingWire | May 19, 2011
Federal banking regulators spent the past few years encouraging banks to lend to creditworthy borrowers in the commercial real estate segment while also enforcing rules to ensure commercial real estate concentration levels do not reach dangerous levels at community banks.

Cost-Cutting Ideas You Might Not Have Thought Of
The Wall Street Journal | May 16, 2011
Small-business owners have always tried to pinch pennies – but now keeping costs down is a bigger priority than ever. The Entrepreneurs’ Organization offers some money-saving tips.

Calif. Supreme Court Denies Plaintiff Petition for Review in MERS Case
HousingWire | May 19, 2011
The California Supreme Court denied a petition for review from a homeowner who lost his property through foreclosure.

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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