Today’s Real Estate News 1-10-2012

10 Jan

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

Builders: Go Local for Upbeat Housing Data
The Wall Street Journal | January 9, 2012
Home prices are still falling across the country, but the leading trade association for home builders says there’s a growing list of rebounding local markets.

Where Have All The Jobless Gone?
Bloomberg | January 10, 2012
On the surface, the best news in last week’s generally positive employment data was the big fall in the number of “discouraged workers” – folks who want work but have stopped looking because they don’t see any jobs.

FHFA Targets First Bulk REO Deals in Early 2012
HousingWire | January 9, 2012
The federal government is still cautiously moving forward with a plan to offer previously foreclosed properties in bulk starting in early 2012, according to the Federal Housing Finance Agency.

Home Prices Decline 4.3% in November: CoreLogic
HousingWire | January 9, 2012
Home prices nationwide fell 4.3% year-over-year in the month of November, according to analytics firm CoreLogic in its November Home Price Index.

U.S. Consumer Credit Rises by Most in Decades
Bloomberg | January 10, 2012
Consumer borrowing in the U.S. surged in November by the most in 10 years, showing households are optimistic enough to take on debt and banks are willing to lend.

US Economy in ‘Mild Recovery’: JPMorgan’s Dimon
CNBC | January 10, 2012
The U.S. is in a “mild recovery” that is “broad and strengthening,” JPMorgan Chase CEO Jamie Morgan told CNBC Monday.

Servicers Modify Nearly Half of HAMP Eligible Second-liens
HousingWire | January 10, 2012
Mortgage servicers participating in a Treasury Department program to modify second liens provided workouts on roughly 47% of all such eligible loans through November.

Fraudster Allegedly Bilks Three Churches With Bad Loans
The MReport | January 9, 2012
Making our mortgage fraud blotter Monday, news outlets reported stories involving a Wisconsin man and his wife who allegedly raked in $10 million and another man from Chicago purportedly responsible for hundreds of thousands in advanced fees he bilked from churches.

From the National Association of Realtors®:

‘Strategic Default’ Poses Ethical Question
“Guilt and morality are one side, and objective financial analysis are on the other side,” says one underwater home owner.

National Clean Off Your Desk Day: 6 Easy Tips
Corral your papers and reclaim your work space. Get six tips from a professional organizer on how to create and maintain an organized office system in less than an hour.  (Believe it or not, I actually printed this one and put it on my desk.  I’ll be using this article’s ideas later this afternoon.  (:-) ~ Anthony)

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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