Real Estate News Today 11-8-2011

08 Nov

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

Home Prices Slip in September: CoreLogic
Reuters | November 7, 2011
U.S. home prices fell in September for a second month in a row, pressured by weak demand and cheap distressed sales, data analysis firm CoreLogic Inc said on Monday.

Nevada Foreclosure Filings Dry Up After ‘Robo-Signing’ Law.
The Wall Street Journal | November 7,2011
Foreclosure filings in Nevada plunged in October during the first month of a new state law stiffening foreclosure-processing requirements.

White House, Agencies Cut Red-Tape for Some Multifamily Housing Developers
HousingWire | November 7, 2011
Government agencies are peeling back a few regulatory requirements in several states to make it easier for developers of federally subsidized multifamily housing to develop properties without having to pay for redundant inspections and other repetitive guidelines.

Foreclosure Starts Rise as Servicers Process Backlog of Delinquent Loans
DSNews | October 7, 2011
Foreclosure starts among private-label residential mortgage-backed securities (RMBS) have been rising toward historic averages, which will lead to an influx of distressed properties bringing downward pressure to the housing market, according to Fitch Ratings.

SEC Urgently Working Dodd-Frank into Reality
HousingWire | November 6, 2011
Mary Schapiro, chairman of the Securities and Exchange Commission, said the steam and velocity of the rulemaking mandated by the sweeping financial reforms of the Dodd-Frank Act are sometimes “taking too long” or in other cases “not taking long enough.”

Ten Field Service Approaches to Protect the Value of REO Properties | November 7, 2011
Effective solutions to revive the market will take time. Meanwhile, upholding the condition, value, and ultimately the marketability of REO properties; protecting surrounding properties; and minimizing REO portfolio losses will continue to pose a significant challenge for servicers and investors.

From the National Association of Realtors®:


3 Red Flags When Applying for a Mortgage
Make sure your buyers aren’t calling more attention than needed to their loan applications by doing one of these three red flags.

Top Priorities of Single Female Home Buyers
Twenty percent of recent home buyers were single females. When house-shopping, here’s what they tend to desire most, according to surveys.


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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