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Today’s Real Estate News 9-2-2011

02 Sep

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

Many US homeowners underinsured to rebuild-survey
Reuters | September 1, 2011
Nearly one in five homeowners does not have enough insurance to rebuild his home if it is destroyed in a disaster.

After Turbulent August, Many Signs Point to Slow but Steady Economic Growth in the Fall
The Washington Post | September 1, 2011
August began with rising fears that another recession was about to hit. That was then.

Fed Official Shows Support for Obama Housing Effort
Reuters | September 1, 2011
A top Federal Reserve official on Thursday signaled the central bank’s support for an evolving Obama administration plan to retool homeowner aid programs, saying it could give a helpful lift to the economy.

New GSE Appraisal Database to Tighten Scrutiny on Mortgage Lenders
HousingWire | September 1, 2011
Appraisers began submitting electronic property data for mortgages sold to Fannie Mae and Freddie Mac under new guidelines that took effect Thursday.

Banks Overwhelmed by Mortgage Refinancing
Bloomberg | September 2, 2011
Mortgage rates near historic lows have sparked a refinancing boom that has U.S. lenders struggling to handle the surge.

From the National Association of Realtors®:

7 Cities With Lowest Unemployment Rates
Guess which U.S. city has the lowest unemployment rate. New figures released from the U.S. Bureau of Labor Statistics provide the answer, which may surprise you.

Second Recession Fears Ease
Many home buyers have been reluctant to move forward on home purchases due to fears that the country could be heading to a double-dip recession, but new data suggests they have nothing to fear.

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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