Today’s news that may be of interest to you:
Lenders Slash Loan Loss Reserves as Credit Quality Improves
DSNews | May 24, 2011
Data released by the FDIC Tuesday show that lenders’ are seeing considerable improvement in the quality of loans and becoming more confident that fewer borrowers will default.
Analysis: Number of Renters Rising as Housing Market Struggles
The Hill | May 24, 2011
The number of homeowners has tumbled to its lowest level since 1998, a recent analysis shows. The percentage of renters has increased to 33.6 from 31.6 when the housing market began its decline four years ago.
Small Retailers Take Advantage of Smartphone Boom
The Wall Street Journal | May 25, 2011
With cafes on nearly every corner in Vancouver, British Columbia, Ethical Bean Coffee Co. needed a way to stand out. The answer was an odd bar code with a maze of black boxes instead of the usual straight lines. (This is a good article is about using QR codes, or Quick Response codes, in advertising. If you don’t know what QR codes are, it’s worth a read. The best app I’ve used for reading QR codes on my Blackberry is ScanLife. Are there any other good QR code apps out there I should look at? ~Anthony)
GOP Proposes Increase in FHA Down Payments
The Washington Post | May 24, 2011
A Republican-led proposal circulated Monday would boost the down payment requirement for mortgages backed by the Federal Housing Administration, a move some industry experts said would shut potential home buyers out of the market.
Tempers Flare With Consumer Ally Warren in Hot Seat
Reuters | May 24, 2011
Testimony by White House consumer adviser Elizabeth Warren before a House subcommittee broke down into acrimony when the panel’s Republican chairman accused her of lying about the terms of her appearance.
From the National Association of Realtors®:
Commercial Markets Stabilizing, Demand Growing
Job creation and the improving economy are the biggest contributing factors to declining vacancy rates in the office, industrial, retail, and multifamily markets, according to NAR’s Commercial Real Estate Outlook.
7 Cities Where Home Prices Are Rising
In Fort Myers-Cape Coral, Fla., the median list price has increased 25 percent in the past year. See what other cities are seeing list prices on the rise.
Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA 99201
Direct Line: 509.321.3939
Direct Fax: 866.652.8834
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