Today’s Real Estate News 8-17-2011

17 Aug

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

On Economy, Raw Data Gets a Grain of Salt
The New York Times | August 17, 2011
Politicians and investors are placing a great deal of weight on a crude and rough estimate of economic growth that has never been particularly reliable.

Rising Spending Holds Off U.S. Double-Dip
Bloomberg | August 17, 2011
Some of the gloom that settled over the U.S. economic outlook as stocks and sentiment plunged in recent weeks may soon dissipate as households keep spending and factories keep producing.

The Financial Mindset of Underwater Borrowers: Survey
DSNews | August 16, 2011
The term ‘underwater’ has become common industry jargon in today’s marketplace of depressed home values and high loan balances, and it’s increasingly making its way into the everyday vocabulary of consumers.

Behind the Numbers: Housing Starts Fall
The Wall Street Journal | August 16, 2011
The nation’s home builders are on pace to start 425,000 new single-family homes, which would work out to the lowest level added annually to the country’s inventory since the Census Bureau started tracking this data in 1959.

From the National Association of Realtors®:

Survey Reveals Top 8 Best Places to Live
CNNMoney releases its annual report on the best small towns to live with populations of less than 50,000. Find out which cities topped the list.

Freddie Offers Cash Incentives for Buying Condos
In trying to unload some hard-to-sell foreclosed condos, Freddie Mac is offering buyers cash incentives through its HomeSteps program.

Farmland Values Up More Than 20%
High demand for farmland continues to drive up prices, but analysts say that farmland value appreciation may finally be showing some signs of slowing.

Keep Clients by Being a Real Estate Expert
Make lifelong clients by being their real estate consultant after the purchase or sale. For example, reach out to past customers and prospects who might be experiencing financial troubles — provide tips and resources.



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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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