Today’s Real Estate News 10-6-2011

06 Oct

Don’t forget! Stewart Title’s 3rd Annual “An Evening in the Vineyard” Open House and Wine Tasting is October 20th!  For more information visit our website, Stewart Title of Spokane.

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

Steve Jobs, Apple Co-Founder, Dies
The Wall Street Journal | October 5, 2011
Steven P. Jobs, the Apple Inc. chairman and co-founder who pioneered the personal-computer industry and changed the way people think about technology, died Wednesday at the age of 56.

A lot of homeowners are above water, too
The Seattle Times September 30th
Negative equity and underwater homeowners are frequently in the headlines, but what about positive equity in Americans’ homes?

U.S. Apartment Vacancy Drops to Five-Year Low as Rents Increase
Bloomberg | October 6, 2011
U.S. apartment vacancies fell to a five-year low in the third quarter, enabling landlords to increase rents even as tepid job growth slowed leasing in what is usually a strong season for demand, Reis Inc. said.

Freddie and Fannie Reject Debt Relief
The New York Times | October 6, 2011
Only three homeowners have been approved for debt reduction since the program began in September 2010.

From the National Association of Realtors®:

Home Ownership Ranks High, But No Buyer Urgency
The majority of home owners and renters in a recent survey say now is a good time to buy a home. So what’s holding them back?

Foreclosure Starts Rise to Highest Level of Year
Foreclosures are showing signs of dropping. While foreclosure starts reached their highest levels of this year, they are down more than 12 percent from this time last year, Lender Processing Services reports.

Win a Dream Home? House Raffles Catch On
House raffles are catching on, in which thousands of residents are snatching up raffle tickets for their chance to win a dream home. But some states are warning ticket buyers to beware: Housing raffles are illegal in some states.


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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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