Today’s Real Estate News 8-16-2011

16 Aug

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

Buying is Cheaper Than Renting in Most U.S. Cities
CNN Money | August 16, 2011
Home prices have taken such a beating and demand for rental units has increased so much that it’s now cheaper to buy a two-bedroom home than to rent one in most major U.S. cities.

U.S. Banks Continue to Ease Lending Standards: Fed
The Baltimore Sun | August 15, 2011
U.S. banks continue to ease lending standards and most terms on all major non-real estate loans during the past three months, the Federal Reserve reported in its quarterly survey of senior loan officers.

Delinquencies Register Greatest Drop Since Recession End: TransUnion
DSNews | August 15, 2011
TransUnion recorded the largest percentage drop in delinquencies since the end of the recession two years ago.

Senior Citizen Explosion Could Be a Job Creator
CNBC | August 15, 2011
For a struggling U.S. economy groping to create more jobs, the many needs of the retiring baby boom generation in the coming years will mean a flood of new employment opportunities.

From the National Association of Realtors®:

Despite Low Rates, Buyers Still on the Fence
The Federal Reserve last week announced that it would keep the key interest rate low for at least the next two years. So why haven’t buyers been locking in rates for home purchases?

7 Best College Towns for Investors
College towns are often considered great places for real estate investors. Aas students head back to school, find out the college-town real estate markets that are offering the biggest returns.

Rental Vacancies at Lowest Level Since 2003
Vacancy rates on rentals continue to fall, which is driving up prices. That’s welcome news to landlords and some real estate professionals.


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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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