Today’s Real Estate News 6-10-2011

10 Jun

If you could change ONE THING about the real estate industry, what would it be?  As always, let me know your thoughts! 

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

Tough Real Estate Market Inspires Creativity All Around
Atlanta Journal Constitutional | June 10, 2011
The housing market’s continuing funk – by some measures getting worse, not better – has metro Atlantans using a grab-bag of creative strategies to buy, sell or just tread water so they can make a career move.

Shiller Predicts Further Home Price Declines Up to 25%
HousingWire | June 9, 2011
While other people expect home prices to bounce along the bottom for a while without going up much, Robert Shiller is inclined to be more pessimistic.

Changes in Refinancing
The New York Times | June 10, 2011
Refinancing your mortgage now is different from the last time you did it.

Fed May Review Capital for More Banks
Bloomberg | June 10, 2011
The Federal Reserve may expand its annual review of bank capital beyond the 19 largest financial institutions to push rigorous risk-management standards into more banks, according to people familiar with the discussions.

Small Businesses Loans Make Wall Street Comeback
Bloomberg | June 10, 2011
Lending to small U.S. businesses is making a comeback on Wall Street, with 12 investment firms arranging $1.38 billion of initial stock offerings to funnel cash to the nation’s biggest job creators.

Three Jobs Scenarios: Which Is Most Likely?
The Wall Street Journal | June 10, 2011
A new report from the McKinsey Global Institute estimates that the U.S. needs to add 21 million jobs to by 2020 to reach pre-recession unemployment of about 5%. The report sketches out one scenario for how the U.S. will get there – and two others for how it won’t.

White House Considers Payroll-Tax Break for Employers
The Wall Street Journal | June 10, 2011
President Barack Obama’s advisers are discussing a temporary cut in the payroll taxes that employers pay on wages.

Obama Administration Housing Scorecard Shows Continued Weakness
HousingWire | June 9, 2011
The U.S. housing market remains in a fragile state after experiencing several months of home price declines, the Obama administration said Thursday.

Americans vs. World: Who’s Upbeat on Housing?
The Wall Street Journal | June 10, 2011
With the housing crisis now part of our daily lives, one would expect that Americans have soured on home ownership. Still, a new survey suggests that Americans are more optimistic about home buying prospects than residents of other countries. Could the global attitude be that dour?

From the National Association of Realtors®:

For-Sale Listings Used in Rental Scam
Law enforcement officials are warning real estate professionals and home sellers that a scam is taking for-sale property listings on the Internet and reposting information on rental sites, passing the listings off as rentals.

Homes in High Demand in Tornado-Ravaged Town
A deadly tornado in Joplin, Mo., on May 22 destroyed nearly 7,000 homes and left thousands homeless. Now, home sales are skyrocketing in the town.

Which Social Network Is Rated Most Important?
It’s not Facebook. A new survey reveals what the public says is the most important social network to have an account on.

Urban Centers See Office Listings Climb
Office property istings in major U.S. cities are beginning to surge as values rise, while suburban office markets continue to suffer from high vacancy rates.

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

Please remember to choose Stewart Title of Spokane on your next transaction!



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