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Real Estate News Today 1-3-2012

03 Jan

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

Frustrated Tampa Bay Realtor gets short-sale miracle from Freddie Mac
Tampa Bay Times | December 30, 2011
After losing four buyers and waiting 379 days for a short sale to get approved on a Tierra Verde home, Realtor Liane Jamason asked for a Christmas miracle Tuesday afternoon.  She got one.

Low Mortgage Rates Likely to Continue Through 2012, Experts Say
The Los Angeles Times | January 3, 2012
But with high unemployment and home prices still falling in many areas, analysts say there is little chance for a housing recovery.

The 2012 Regulatory and Market Landscape
The Wall Street Journal | January 3, 2012
Depending on whom you ask, the so-called Volcker rule will mean either the end of banking as we know it or toothlessly allow banks to continue to bet the house – with the backing of the U.S. taxpayer. Neither of these extremes are true, of course.

S&P: Buying, Renting Costs Draw Closer
HousingWire | December 30, 2011
An index from Standard & Poor’s shows a narrowing gap between the cost of buying a house and renting.

Investors See Commercial Real Estate as a Good Bet
Los Angeles Times | January 3, 2012
Despite the economy, investors are bullish on the prospects for office buildings, the largest commercial real estate sector, a survey finds. Apartments are viewed as the most favored category.

Biggest Economies Face Soaring Debt in 2012
The Washington Post | January 3, 2012
Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs. The amount needing to be refinanced rises to more than $8 trillion when interest payments are included. Coming after a year in which Standard & Poor’s cut the U.S.’s rating and put 15 European nations on notice for possible downgrades, the competition to find buyers is heating up.

Fasten Your Seatbelts, It’s Going to Be a Bumpy Year
The Wall Street Journal | January 2, 2012
2011 was a year of surprises. An Arab revolution no one predicted. A downgrade of the U.S.’s formerly pristine debt rating. European debt troubles that threatened the future of the continent’s common currency.

5 Events that Really Mattered for Housing in 2011 – and Beyond
Time | December 29, 2011
Government, the mortgage industry and forces of nature all shook the housing market in 2011. They had both an immediate impact and slow-burning effects, setting the stage for a bumpy 2012 with more foreclosures, political battles and local market risks.

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
acarollo@stewart.com

 

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

 

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