Today’s Real Estate News 8-25-2011

25 Aug

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

U.S. May Back Refinance Plan for Mortgages
The New York Times | August 24, 2011
The Obama administration is considering further actions to strengthen the housing market, but the bar is high: plans must help a broad swath of homeowners, stimulate the economy and cost next to nothing.

Short Sales Surged in Second Quarter: RealtyTrac
HousingWire | August 24, 2011
Second-quarter pre-foreclosure sales jumped 19% from the previous quarter, suggesting more banks and distressed borrowers are searching for efficient ways to offload properties that are near foreclosure, RealtyTrac said.

FHFA: House Prices Dip 0.6% in 2Q
HousingWire | August 24, 2011
House prices dropped 0.6% in the second quarter and remain 5.9% below levels measured one year ago, according to the Federal Housing Finance Agency index.

Foreclosure Settlement Talks Hit Snag
The Washington Post | August 24, 2011
State and federal officials negotiating a settlement with the nation’s biggest banks over shoddy foreclosure practices are hung up on how they should deal with a Reston-based company that has acted as a proxy for financial firms throughout the country for more than a decade.

From the National Association of Realtors®:

Fannie Mae Revises Growth Estimate
Fannie Mae has revised downward its estimates for home sales this year and in 2012.

3 Myths to Social Networking
Many misconceptions persist about social networking and how to use it for business. recently highlighted a few of the most common myths.

Housing Slump? Not in These Markets!
California cities overwhelmingly dominated places with the most expensive median home sales prices from CNNMoney’s “Best Places” list.

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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