Real Estate News Today 10-20-2011

20 Oct

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

Foreigners’ Sweetener: Buy House, Get a Visa
The Wall Street Journal | October 20, 2011
The reeling housing market has come to this: To shore it up, two Senators are preparing to introduce a bipartisan bill Thursday that would give residence visas to foreigners who spend at least $500,000 to buy houses in the U.S.

Rush to Drill for Natural Gas Creates Conflicts With Mortgages
The New York Times | October 19, 2011
As natural gas drilling has spread across the country, energy industry representatives have sat down at kitchen tables in states like Texas, Pennsylvania and New York to offer homeowners leases that give companies the right to drill on their land.

Beige Book Shows Real Estate Market Remained Weak in September
HousingWire | October 19, 2011
Conditions in the residential and commercial real estate markets remained weak in September, according to the latest Beige Book from the Federal Reserve.

September Homebuilding Rose 15%
The Washington Post | October 20, 2011
Home builders started projects in September at the fastest pace in 17 months, a hopeful sign for the economy.

Supercommittee’s Lack of Progress on Debt Reduction Raises Alarms on Hill
The Washington Post | October 19, 2011
With a Thanksgiving deadline, panel has yet to reach consensus on the most basic elements of a plan.

Commercial Real Estate Deals Decline in U.S.
Bloomberg | October 20, 2011
The U.S. commercial real estate market has slowed in the past three months as the sputtering economy and a pullback in debt financing limited deals, cooling a recovery from Washington to California.

Apartment Surge Boosts Multifamily Lending 31%
HousingWire | October 19, 2011
Multifamily lenders increased financing for apartments containing five or more rental units by 31% in 2010, the Mortgage Bankers Association said in a new report Wednesday.

Rising Rates Threaten Refi Plans
CNBC | October 19, 2011
One weekly report does not a trend make, but today’s mortgage application survey should serve up a good dose of reality to all of those state attorneys general and Obama administration officials touting a grand new refinance program for underwater borrowers.

Supply vs. Demand: Why Is Housing Hurting?
The Wall Street Journal | October 18, 2011
Is low demand or poor supply the biggest cause for concern in the current housing market?

From the National Association of Realtors®:

What’s the Best Day to List a Home?
A new study pinpoints the day of the week that a home should be listed for the best chance of selling it.
(I wonder how many agents list on THIS day? ~Anthony)


Anthony Carollo


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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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