Today’s news that may be of interest to you:
Commercial Property Prices Rise as Distressed Values Increase
DSNews | July 21, 2011
Sales prices of commercial real estate properties rose 6.3 percent in May, according to Moody’s Investors Service.
Obama, Boehner Push for Ambitious Debt Plan
The Washington Post | July 22, 2011
Savings of $3 trillion over the next decade would come from spending cuts and changes to entitlement programs, but no immediate tax increases.
Investors Who Do a Few Mortgages on the Side
The Wall Street Journal | July 22, 2011
Across the nation, a number of mom-and-pop investors are pulling money out of their retirement accounts and safe, but low-yielding, savings to take on the risk of becoming “hard-money” mortgage lenders, who charge high interest rates to borrowers who have been rejected by traditional banks.
FHFA Records Second Straight Monthly Increase in Home Prices
DSNews | July 21, 2011
Home prices in the U.S. rose in May, marking the second consecutive monthly increase, the Federal Housing Finance Agency (FHFA) reported Thursday.
Sorting Through Lending Costs
The New York Times | July 21, 2011
Plenty of people have ideas about what you should be told when you’re shopping for a mortgage, but for now, that may not be much help.
New Lows in Home Prices ‘Almost Assured’: Radar Logic
HousingWire | July 21, 2011
Home prices in May dropped 5.9% from the year before but gained 1.2% from the previous month, according to the RPX Composite Price index from analytics firm Radar Logic.
Tallest U.S. Tower Proposed as Part of Chicago Development
Bloomberg | July 21, 2011
International Property Developers announced plans to build a $3.5 billion office, residential, hotel and retail project in downtown Chicago, including a 120- story tower that would be the tallest in the U.S.
Seattle’s Apartment Market Heats Up
MultiFamily Executive | July 21, 2011
The Seattle multifamily market has reclaimed its position as one of the nation’s hottest, with a flurry of investment and development activity now targeting the Emerald City.
From the National Association of Realtors®:
Buyers Rejected for Loans Can Now Find Out Why
Did your buyers get turned down for a loan or not qualify for the best interest rate from a lender? Now they can get more insight into why.
More Home Owners Turn to ‘Homesharing’
More baby boomers are taking in roommates to rent out empty rooms in their homes to help offset costs and save money.
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
Please remember to choose Stewart Title of Spokane on your next transaction!