Real Estate News Today 12-22-2011

22 Dec

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

Today in the “just for fun” category we bring you video of Coach Mark Few from Gonzaga University making a shot from half court in practice before the game against Butler last night.  It was a great shot and it was caught by ESPN on camera.  (:-)  Few is ‘Money’ From Half Court

The “Existing-Home Sales article below was passed on to me by a reader.  If you see something you think might be worth including in my Today’s News, please email it to me!  I can’t use everything I get from readers, but I sure use a lot of it.

Top 4 Multifamily Business Strategies for 2012
Multifamily Executive | December 13, 2011
Thanks to strong fundamentals and an unbeatable demographic outlook, the apartment industry is poised to enter a period of historic growth through 2014. As a result, progressive operators are looking ahead, setting their dials, and trying to determine which of four strategic channels—IPOs, development, acquisition funds, or value-add—they will immediately tune in to.

Signs Point to Economy’s Rise, but Experts See a False Dawn
The New York Times | December 21, 2011
As the fourth quarter draws to a close, a spate of unexpectedly good economic data suggests that it will have some of the fastest and strongest economic growth since the recovery started in 2009, causing a surge in the stock market and cheering economists, investors and policy makers.

Foreclosures Weighing on Prices May Push Housing Rebound to 2013
BusinessWeek | December 22, 2011
The two-bedroom Denver row house that Kyle and Jennifer Zinth bought in 2005 is a tight fit now that they have an 18-month-old son, Max, and a coonhound named Beauregard. They plan to put it up for sale next month, hoping to at least break even so they can buy a larger home.

Housing Starts in U.S. Increase to Highest Level in a Year
BusinessWeek | December 20, 2011
Builders broke ground in November on the most houses in over a year, a sign that the market is stabilizing heading into 2012.

Demand for Rentals Drives Big Rise in Home Building
The Wall Street Journal | December 21, 2011
Residential construction surged in November, sparking cautious hope that the U.S. housing market is gaining traction.

Decline in U.S. Home Values to Be Smallest in Four Years, Zillow Reports
Bloomberg | December 22, 2011
U.S. home values probably will have their smallest decrease in four years in 2011 after the decline in property prices slowed, Zillow Inc. said today.

For Every Two Homes for Sale, There’s One in the Shadows
DS News | December 21, 2011
The number of distressed properties not currently listed on multiple listing services stood at 1.6 million as of October 2011, according to CoreLogic.

From the National Association of Realtors®:

Existing-Home Sales Continue to Climb in November
Existing-home sales rose again in November and remain above a year ago, according to the National Association of Realtors®. Also released today were periodic benchmark revisions with downward adjustments to sales and inventory data since 2007, led by a decline in for-sale-by-owners.

Americans Eager to Buy, Sellers Aren’t Happy?
Nearly 80 percent of Americans say that it’s a good time to buy a home. But while buyers are happy, sellers are far from it, according to a new study.

Record $88 Million Sale for NYC Condo
The recent sale of a Manhattan condo works out to about $13,000 per square foot, the highest on record for New York City.


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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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