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Today’s Real Estate News 8-26-2011

26 Aug

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

The PMI Group Stops Writing New Policies
Insurance Networking News | August 23, 2011
The PMI Group has halted the writing of all new insurance policies.

Bernanke Seen Stopping Short of Pledge for QE3
Bloomberg | August 26, 2011
Those expecting Federal Reserve Chairman Ben Bernanke to pull a rabbit from his hat at a retreat for central bankers here on Friday may be in for a letdown.

Buying Foreclosures At A Bargain Price
The San Francisco Chronicle | August 25, 2011
If you have the cash, a steady job and the desire to become a homeowner, you may be tempted by the thought of buying a foreclosure. While there are some bargains to be found, you do need some education and some professional guidance before you jump into making an offer.

The Housing Market is Shrinking
CNBC | August 25, 2011
The foreclosure headlines today are that one third of all home sales in Q2 were of distressed properties (foreclosures and short sales), according to a new report from online foreclosure sale and data site RealtyTrac.

From the National Association of Realtors®:

White House Weighs Mass Refinancing Plan
The White House is considering a housing proposal that would allow millions of home owners with government-backed mortgages to refinance into lower interest rates, The New York Times reports.

Economists Say Recession Is Not Likely
Many home buyers have been sitting on the sidelines due to economic fears and threats of a double-dip recession. But a new poll shows that most economists say a recession is not likely within the next 12 months.

Economic Slowdown Impacts Commercial Markets
Commercial real estate vacancy rates are flat, and NAR’s projections for improvement have been moderated because economic growth and job creation have been weaker than expected
Many home buyers have been sitting on the sidelines due to economic fears and threats of a double-dip recession. But a new poll shows that most economists say a recession is not likely within the next 12 months.



 

 

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
acarollo@stewart.com

Please remember to choose Stewart Title of Spokane on your next transaction!

www.StewartSpokane.com

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