Today’s news that may be of interest to you:
Fed, With Few Bullets Left, Unlikely to Act on Housing
MSNBC | November 1, 2011
When Fed Chairman Ben Bernanke opens a two-day meeting of central bank policymakers Tuesday, the moribund housing market will be front and center.
Economist: ARMs Not as Risky as Some Think
DSNews | October 31, 2011
Long-term, fixed-rate mortgages are often seen as a safe loan product, but one Federal Reserve economist says adjustable-rate mortgages (ARMs) are not as risky as some perceive them to be and did not play a major role in the recent housing crisis.
Freddie Mac Calls for $100 Billion in Annual Multifamily Investment
HousingWire | October 31, 2011
The head of Freddie Mac’s multifamily division projects that the asset class needs $1 trillion in capital over the next decade.
Top Housing Regulator Says He Lacks Authority for Foreclosure Relief
The Hill | October 31, 2011
The country’s leading housing regulator said he lacks the authority to provide “broad relief” to struggling homeowners trying to avoid foreclosure.
Dr. Ted Jones wrote an excellent blog on the potential effects of the modified Home Affordable Refinance Program (dubbed HARP 2.0).
From the National Association of Realtors®:
12 Most-Searched Housing Markets
Which cities are home buyers targeting the most? Here are the 12 most-searched metros at Realtor.com during September.
Multifamily Market Expected to See Big Growth
A new study by Morgan Stanley predicts that the flood of foreclosed home owners who are now forced to become renters will bring in $72 billion in rent annually.
Realtor.com to Add Apartment Listings
“It’s an opportunity to connect millions of people interested in what the convenience apartment communities offer,” says a spokesman for the company. (Is this good, bad, or will it make a difference in your world? I’d love to hear form you. ~Anthony)
Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA 99201
Direct Line: 509.321.3939
Direct Fax: 866.652.8834
Please remember to choose Stewart Title of Spokane on your next transaction!