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Today’s Real Estate News 6-7-2011

07 Jun

Does your market present some good opportunities for real estate investors right now?  Let me know your thoughts on my blog or on Facebook (http://on.fb.me/jOieJB) !

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

20 most stressed, 20 least stressed counties
Yahoo! | June 7, 2011
Here are the 20 most economically stressed counties with populations of at least 25,000 and their April 2011 Stress scores, according to The Associated Press Economic Stress Index.  (It’s interesting to me to see how many of the MOST stressed counties are in California, and how many of the LEAST stressed counties are in the Midwest. ~Anthony)

Second-Mortgage Misery
The Wall Street Journal | June 7, 2011
Almost 40% of homeowners who took out second mortgages – extracting cash from their residences to cover everything from vacations to medical bills – are underwater on their loans, more than twice the rate of owners who didn’t take out such loans.

Regulators Delay Risk-retention Rule to August
HousingWire | June 6, 2011
Federal regulators extended the comment period on the proposed risk-retention rule from June 10 to Aug. 1.

GSEs’ Foreclosure Prevention Efforts Slip in First Quarter
DS News | June 6, 2011
Foreclosure prevention actions on loans held by Fannie Mae and Freddie Mac declined during the first three months of this year, driven primarily by decreases in loan modifications and repayment plans.

Economists Lower G.D.P. Forecasts for 2nd Quarter
The New York Times | June 6, 2011
Quarter after quarter and month after month, the United States has been subjected to increasingly disappointing economic numbers. And this quarter is no different.

Lack of Senate Confirmation Creating a Personnel Gap, Geithner Says
The Washington Post | June 6, 2011
The federal government faces huge gaps of leadership in economic and financial policymaking, with about a dozen senior positions vacant or staffed by temporary caretakers, at a time of economic duress and efforts to write hundreds of new financial regulations.

Fannie, Freddie Mortgage Modifications Drop 28% in 1Q
HousingWire | June 6, 2011
Fannie Mae and Freddie Mac servicers provided 86,201 modifications in the first quarter, down 28% from the previous quarter, according to the Federal Housing Finance Agency.

10 Best Markets for Real Estate Investors
Inman News | June 3, 2011
In an in-depth, data-driven special report, “10 Best Markets for Real Estate Investors,” Inman News analyzed hundreds of housing markets nationwide to develop a list of those that may be best suited for investors.

From the National Association of Realtors®:

Study: Tough Times Ahead for Rental Market
While there appears to be an excess in rental housing presently, experts at The Harvard Joint Center for Housing Studies are warning that’s about to change, and renters soon will likely find a very different picture. 

 

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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