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Real Estate News Today 12-1-2011

01 Dec

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

Home for sale gets Twitter handle
HousingWire | November 29, 2011
Leave it to Silicon Valley to come up with a new idea for a struggling housing market desperate to revive the American Dream.

Empire State Building on Track to Be Part of I.P.O.
DealBook | November 29, 2011
Want to buy a piece of the Empire State Building? Interested investors are one step closer.

Jobless Claims Edge Up to 402,000
HousingWire | December 1, 2011
Jobless claims for the week ending Nov. 26 edged up as 402,000 new unemployment filings came in, an increase of 6,000 from the previous week.

Pending Real Estate Sales Index Rises 9.2%
Inman News | November 30, 2011
Pending sales of U.S. existing homes jumped 10.4 percent in October, according to an index released today by the National Association of Realtors.

5 Homebuilders With the Brightest Outlook for 2012
CNBC | November 30, 2011
How could anyone bet on the housing industry when a national headline Tuesday exclaimed “Home Ownership Heads to New Lows” even as prices today are a third less than at their peak five years ago?

Home Refinancing and Multifamily Demand on the Rise: Beige Book
HousingWire | November 30, 2011
Economic activity increased at a slow to moderate pace across Federal Reserve districts, except the St. Louis district, which reported a decline, according to the latest Beige Book, based on anecdotes from business contacts and economists.

Stocks Soar on Fed’s Move to Save Global Financial System
The MReport.com | November 30, 2011
A bold move to shore up global financial liquidity by the Federal Reserve and central banks from five other countries inspired shares to soar for the nation’s four biggest U.S. lenders as stocks ended the day on the highest note since early 2009.

From the National Association of Realtors®:

Boomers More Willing to Help Kids With Down Payments
Two-thirds of baby boomers say they want to help their children or grandchildren with a home down payment — even baby boomers who aren’t considered wealthy, according to a new study.

Manufactured Home Industry Faces Hurdles
Since 2000, the pace of new manufactured or modular homes sales has dropped nearly 80 percent.

Anthony Carollo 2007 EMAIL  

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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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