Today’s Real Estate News 7-12-2011

12 Jul

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

Stewart Lender Services Announces Major Acquisition
DSNews | July 11, 2011
Stewart Lender Services announced Monday the acquisition of a majority ownership of of PMH Financial, a full-service REO outsource and subservicing company with an active inventory of $2.5 billion in real estate assets.  

The Top Markets for Rental-Home Investors
The Wall Street Journal | June 11, 2011
Housing markets that have seen the biggest plunges on home values have topped a new ranking of the best markets for rental-property investors.

Slim Summer Home Price Gains Expected to Reverse
HousingWire | July 11, 2011
JPMorgan Chase analysts stuck to their estimate of further declines in home prices ahead and warned against buying too much into the recent upticks in the busier summer months.

Foreclosure Sales Dip for Second Straight Month
HousingWire | July 10, 2011
Mortgage servicers completed 68,000 foreclosure sales on the courthouse steps in May, down 7% from the previous month and the second straight month of declines, according to the Hope Now alliance of insurers, counselors and lenders.

Servicers Expand to Assist Distressed Homeowners
DSNews | July 11, 2011
With delinquent mortgages at unprecedented levels, sheer market conditions command a staff the size of a small army dedicated to working with distressed borrowers.

Small, Medium Companies Turn Sour on Economy
Reuters | July 11, 2011
Small and medium-sized companies are increasingly glum about the chances of a pickup in growth in the U.S. economy over the next year, a survey published on Tuesday showed.

From the National Association of Realtors®:

10 Best-Performing Major Housing Markets
Find out which large real estate markets fared best during the first half of 2011, and which ones may have modest gains in the second half.

Which U.S. City Is the Most Expensive?
The cost of living is getting cheaper in the U.S. compared to its global counterparts, as the priciest city in the U.S. falls to No. 41 on a list of global metros.


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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