Today’s Real Estate News 9-13-2011

13 Sep

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

‘Friction’ in Obama’s Refi Proposal
CNBC | September 12, 2011
The response to President Obama’s recent proposal to refinance more borrowers into lower interest rate mortgages was at best underwhelming and at worst scathing. The plan would expand the government’s so-far disappointing, Home Affordable Refinance Program (HARP), which helps current but underwater borrowers with Fannie Mae and Freddie Mac loans to refinance.

Reverse Mortgages Don’t Always Work
USA Today | September 12, 2011
Trusted celebrity pitchmen such as Henry Winkler, Robert Wagner and James Garner do a good job telling older homeowners about the benefits of a reverse mortgage. Here’s what they don’t tell seniors: Reverse mortgages are expensive, complicated and always changing.

Six Mistakes Housing Investors Make
The Wall Street Journal | September 13, 2011
Investing in real estate right now can be surprisingly profitable. But before you become a landlord, watch out for these common pitfalls.

Social Media Users Like to Shop
The Wall Street Journal | September 13, 2011
Here’s yet another study confirming that small businesses can market themselves to millions of consumers without paying a dime simply by tapping social media.

From the National Association of Realtors®:

Downsizing Trend Shows Signs of Reversing
Americans still have a thirst for big homes, according to new housing data.

New Multifamily Housing Continues to Rise
An index that measures new multifamily housing recently reached its highest quarterly reading since the housing boom in 2006.

‘Green’ Mortgages Allow More Options for Upgrades
With the growth of green building, green lending has also emerged to help finance those often-times costly “green” upgrades.


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Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA  99201
Telephone: 509.328.7171
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