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Real Estate News Today 10-26-2011

26 Oct

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

HARP’s Rep and Warranty Waiver: Will It Spark a Refinancing Frenzy?
DSNews | October 25, 2011
With the Federal Housing Finance Agency’s (FHFA) retooling of the Home Affordable Refinance Program (HARP), one change in particular may hold the answer to just how much of an impact the initiative will have – FHFA’s decision to waive certain representations and warranties on loans refinanced through the program.

Rep. Neugebauer: Move the Properties not the Mortgages
HousingWire | October 25, 2011
Rep. Randy Neugebauer (R-Texas) said the Obama administration should be focused on helping the private market move through the backlog of foreclosures instead of merely shifting wealth from investors to borrowers in the new refinancing changes announced this week.

Apartment Values Rise, as Do Rents
The Wall Street Journal | October 25, 2011
Strong growth of rents and occupancy levels of rental apartments have pushed some building values to record levels as Americans shift away from home ownership.

Wild Ride of the 1%
The Wall Street Journal | October 25, 2011
The once-stable incomes of America’s biggest earners now fluctuate dramatically from year to year. And as go the rich, so goes much of the economy.

The annual “Emerging Trends in Real Estate” report, released late Tuesday, ranks the Seattle metro area sixth among the nation’s top 51 markets for commercial and multifamily investment next year.

From the National Association of Realtors®:

Renters Spending 5% More Than Home Owners
Rising rents are forcing renters to outspend home owners on housing costs, according to a new study.

Rental Market Posting Record Gains
Some real estate companies are expected to have their highest gains since 2006 in property net income in the next two years due to the increase in rental demand and costs, The Wall Street Journal reports.

 

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
acarollo@stewart.com

 

Please remember to choose Stewart Title of Spokane on your next transaction!

 

www.StewartSpokane.com

 

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