Real Estate News Today 12-12-2011

12 Dec

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

Housing Ranks Only Behind Jobs for Voters: Survey
The | December 9, 2011
Does housing matter to voters? A recent survey says yes – and finds that housing policy will rank higher for voters than even national security come 2012.

JPMorgan Warns Home Prices Face Another 5% Decline
HousingWire | December 9, 2011
Existing home sales could tick up in 2012, leading to the sale of 5.5 million units, but price declines are still expected for the next few months.

BofA Developing Foreclosure Rental Programs to Deal with Distressed Properties
HousingWire | December 9, 2011
Bank of America is looking at a new program to rent a home back to the borrower after foreclosure.

Thinking Deeply On Risky Lending
The Wall Street Journal | December 11, 2011
Many companies that collect mortgage payments hire outside firms to train employees and develop scripts for them to use when talking to borrowers. But Ocwen Financial Corp., which specializes in risky loans, has its own team of social psychologists.

Why Do Banks Fail Together In A Crisis?
CNBC | December 12, 2011
Watching Europe’s banks teeter on the brink of disaster because of their exposures to sovereign debt has an eerily familiar feel to it.

Gobbledygook or Not, It’s Still Credit
The Washington Post | December 12, 2011
Is it possible to create a simple credit-card agreement, one that doesn’t give you a migraine as you struggle to understand the terms and conditions that, if violated, could put you into decades of debt?

What Went Wrong with Foreclosure Aid Programs?
USA Today | December 12, 2011
Steven and Lisa Maultsby lost their Mississippi home to foreclosure this year. At the time, they thought they were being reviewed for a loan modification through the U.S. government’s foreclosure-prevention program.

Bank Credit Highest Since Before Lehman Bankruptcy as Expansion Continues
Bloomberg | December 11, 2011
U.S. bank credit is growing at the fastest pace in three years, giving the Federal Reserve confidence in the economic expansion’s staying power.

From the National Association of Realtors®:

Best Places to Invest in Real Estate
If you or your clients are considering taking on the role of landlord, here are the best cities to start investing in real estate, according to Money Magazine.

Flawed Appraisals Killing More Deals, NAHB Says
New-home builders have a gripe with appraisers: Stop comparing new homes with sparkling appliances and interior upgrades to distressed homes that have been sitting vacant and in disrepair.

Housing Still Great Investment, Americans Say
Sixty-two percent of Americans say that purchasing a home is a good investment over the next 10 years, according to a new study.



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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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