Real Estate News Today 12-8-2011

08 Dec

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

Advice to homebuilders: Reach out to the anonymous generations
HousingWire | December 7, 2011
In the run up to the financial crisis, the country was riddled with bigger and better home designs, appealing to a particular taste that faded quickly, leaving the market with empty homes to fill.

New Housing Data Not Totally Downbeat
The Wall Street Journal | December 7, 2011
Are home owners and buyers feeling more upbeat? That’s what some data suggests.

Falling Mortgage Debt Erodes Spending as Wealth Effect Fades
Bloomberg | December 8, 2011
U.S. mortgage debt, a driver of consumer spending during the real estate boom, may be about to enter its fourth year of decline as foreclosures wipe out home loans and housing purchases fall.

House Bill Proposes 1-year Limit on Foreclosure Deficiencies
HousingWire | December 7, 2011
A bill introduced in the U.S. House of Representatives would limit the time frame for deficiency judgments against single-family homes and give protection to low-income households.

Obama Hires New Head of Financial Fraud Enforcement Task Force
HousingWire | December 7, 2011
Michael Bresnick was named the new executive director of President Obama’s financial fraud enforcement task force.

Jobless Claims in U.S. Decrease to Lowest Level in Nine Months
Blooomberg | December 8, 2011
Fewer Americans than forecast filed applications for unemployment benefits last week, reflecting a rebound from the Thanksgiving holiday and fewer seasonal firings which may signal the labor market is on the mend.

Housing Scorecard Reports Mixed Signals, Atlanta Suffers
HousingWire | December 7, 2011
The economy added jobs in November and experienced a few positive developments, but the Housing Scorecard from the Obama administration still shows housing as a mixed bag with both positive and negative news for the market.

From the National Association of Realtors®:

Sellers Overvalue Their Home’s Worth, Study Finds
About 76 percent of home owners continue to believe their home is worth more than what their real estate agent recommends for a list price.

Consumers Still Pay Credit Card Bills First, Even as Economy Lifts
Consumers continue to prioritize credit card payments over mortgage payments despite some improvement in the economy.

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

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




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