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Today’s Real Estate News 7-26-2011

26 Jul

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

Sales of New U.S. Homes Probably Stagnated in June as Industry Languished
Bloomberg | July 26, 2011
Purchases of new U.S. homes probably stagnated in June, indicating housing is still languishing two years into the economic recovery, economists said before a report today.

The Help-Wanted Sign Comes With a Frustrating Asterisk
The New York Times | July 25, 2011
The unemployed need not apply. That is the message being broadcast by many of the nation’s employers, making it even more difficult for 14 million jobless Americans to get back to work.

Moody’s: Commercial Real Estate Outlook Improving
Forbes | July 25, 2011
The commercial real estate market is showing increased signs of stability, led by burgeoning demand for apartments, according to a report issued Monday by Moody’s.

President Obama, House Speaker Boehner Present Dueling Debt-Limit Plans to Nation
The Washington Post | July 26, 2011
President Obama and House Speaker John A. Boehner escalated their battle over the national debt on Monday, pressing their arguments in a pair of prime-time television addresses as Congress remained at a loss over how to keep the United States from defaulting next week for the first time.

Banks’ Second-Quarter Earnings Show Some Loan Growth
HousingWire | July 25, 2011
Second-quarter earnings from the nation’s big banks show the firms experiencing modest loan growth and higher pre-provision earnings during the period, FBR Capital Markets said in a new report.

Seasonal gains help S&P/Case-Shiller rise in May from month earlier
HousingWire | July 26, 2011
The average price of a single-family home rose again in May after the first gain in eight months in April, according to the Standard & Poor’s/Case-Shiller index.

Hotel Sales Volume Rising as Liquidity Creeps Back into Commercial Real Estate
StewartBlog by Dr. Ted Joes | July 25, 2011
CoStar reports a resurgence in hotel transactions.  The first-half of 2011 saw sales volumes reach $11.36 billion—up 134 percent from the same period in 2010 and up by more than 700 percent versus the first six months of 2009.

The 10 Most Walkable U.S. Cities
MarketWatch | July 20, 2011
New York is the most walkable city in the U.S., with many of its residents able to forgo owning a car or able to leave their cars behind when accessing neighborhood amenities from grocery stores to coffee shops, according to a report released Wednesday.

From the National Association of Realtors®:

Bargains Abound in Second-Home Market: 4 Hot Buys
If your buyers have extra money, real estate experts say they can find plenty of bargains on vacation properties as areas that were once out of reach for many buyers now become more affordable.

More Buyers Turn to Investors for Hard-Money Loans
Home buyers who can’t get a bank to approve them for a loan are increasingly turning to investors for help.

Flood-Prone Land Likely to Increase by 45%
Flood insurance rates may spike substantially over the next few decades, leading consumers away from flood-prone areas.


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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

 

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