Real Estate News Today 12-21-2011

21 Dec

The 4 minute video link below from Inman News shows you how to find the “hidden inbox” for your Facebook page messages.  If you do much Facebook communication with clients, it’s worth a peek.
How to Access Your Hidden Facebook Inbox

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

As Congress Exits, Payroll Tax Hike Nears
The Washington Post | December 21, 2011
The House’s rejection of a Senate compromise on the payroll levy leaves 160 million Americans facing a tax increase in two weeks, President Obama hoping for a deal and Republicans facing political risks.  (Good or bad?  You decide.  But if passed, the Senate version is the one that would increase fees on Fannie Mae and Freddie Mac loans while keeping the payroll tax cut in place. Here is another view on the same issue: Trade Groups Criticize Payroll Tax Extension Bills from The MReport~Anthony) 

Small Employers Fret Over Payroll-Tax Uncertainty
The Wall Street Journal | December 20, 2011
Smaller take-home paychecks could hurt employee morale in 2012, several small-business employers say.

What if Santa Wanted to Relocate?
The Wall Street Journal | December 20, 2011
Santa Claus – who will again this year handwrite a letter full of curlicues to my kids to prove his existence – famously lives and works at the North Pole.

California Suing Fannie and Freddie
The Wall Street Journal | December 21, 2011
California Attorney General Kamala D. Harris filed suit against Fannie Mae and Freddie Mac on Tuesday, seeking to force the firms to answer a detailed list of questions after the firms’ federal regulator sought to block an open-ended inquiry by the state.

Homebuilders Push Stocks Up 3%, Dow Above 12,000
HousingWire | December 20, 2011
Stocks jumped Tuesday with the Dow Jones Industrial Average back above 12,000, driven in part by news of an increase in housing starts.

Is Housing Bouncing Back?
The Washington Post | December 20, 2011
The deeply depressed housing sector finally seems to have found its bottom – and may even be starting to bounce back.

Housing Market’s Foundation Looking More Stable
The Wall Street Journal | December 20, 2011
Builders were busier than expected in November, and many are more upbeat heading into 2012. In recent years, housing was supported by temporary help from government tax rebates. Now, the sector looks as if it can stand on its own.

From the National Association of Realtors®:

Beware of Down Payment Gift-Giving Rules
More than a quarter of first-time home buyers are coming up with the down payment through gifts from family and friends, but they need to make sure they follow the IRS and banks’ gift-giving rules.

Which Seller Incentives Tempt Buyers?
Sellers are trying to get buyers’ attention, so they’re offering more incentives to entice — everything from remodeling credits and closing-cost assistance to even cars.

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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