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Today’s news that may be of interest to you:
Jobless Claims in U.S. Drop to Three-Year Low
Bloomberg | December 15, 2011
The fewest workers in three years filed claims for U.S. jobless benefits last week, indicating the world’s largest economy is strengthening heading into 2012.
Median Home List Prices Rise 4.05% Over Last Year
HousingWire | December 15, 2011
Median list prices on single-family homes, condos, town homes and co-ops rose 4.05% to $189,900 in November over a year earlier, the National Association of Realtors reported Thursday.
Valuations and Sales Discounts Eat Away at Foreclosure Proceeds
DSNews | December 15, 2011
Low property valuations and steep sales discounts reduce the proceeds from liquidated loans by almost a third, according to Moody’s Investors Service.
Helping Homeowners Dig Out
The New York Times | December 15, 2011
With interest rates at historic lows, the expansion of a federal refinancing program could help more homeowners who owe more than their property is worth move out of higher-rate or adjustable loans into something more affordable and stable.
Fed Foreign Bank Lifelines May Reach $1 Trillion, Congress Told
BusinessWeek | December 16, 2011
The Federal Reserve may lend $1 trillion to central banks as Europe’s crisis roils markets and erodes confidence in the region’s lenders, Anthony Sanders, a George Mason University finance professor, told Congress.
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!