Today’s Real Estate News 9-16-2011

16 Sep

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

Europe on Sale
The Wall Street Journal | September 16, 2011
The debt crisis has one silver lining: falling prices for vacation homes in Greece, Spain, Portugal and even Italy.

Zandi Sees 40% Chance of Another Recession
HousingWire | September 15, 2011
Back down into recession or finally up toward recovery, Moody’s Analytics Chief Economist Mark Zandi says the inflection point for the economy will likely occur in the coming months and before the 2012 election.

CFPB: We Got Here One Mortgage at a Time
HousingWire | September 15, 2011
Raj Date, special adviser to the Consumer Financial Protection Bureau, pulled the bureau into a more public role when addressing the National Constitution Center in Philadelphia on Thursday.

From the National Association of Realtors®:

NAR: Increased Lending, Short Sales Will Reduce REOs
Improving access to affordable mortgage financing and committing additional resources to loan modifications and short sales will help reduce current and future inventories of REOs properties, NAR says.

10 States With the Highest Foreclosure Rates
In this state, one in every 118 households received a foreclosure filing during the month of August. Find out which states are being bogged down with the most foreclosures.

Is Tight Credit Keeping Even Good Buyers Out?
Even home buyers with excellent credit are struggling to get approved for a loan, economists say.


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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

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