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Real Estate News Today 1-20-2012

20 Jan

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

Strong Homeowner Preferences Among U.S. Voters
Ted C. Jones Blog | January 20, 2012
In my economic forecast presentations this year one of the mega themes is that people that graduated from a technical school, college or university in the past three years or the coming three years will be more pre-disposed to be renters than home owners.  Literally, they may be a generation of renters. 

Homeowners Stop Waiting to Spruce Up
The Wall Street Journal | January 19, 2012
Americans are stepping up spending on home improvements for the first time in years, giving a small lift to the beleaguered construction sector.

Housing Market and Economy Showing Encouraging Signs
The Washington Post | January 19,2012
The average rate on a 30-year fixed mortgage reached a new low this week, falling to 3.88 percent, according to data released Thursday by Freddie Mac.

Housing Inventory Ends Year Down 22%
The Wall Street Journal | January 19, 2012
There were fewer homes listed for sale at the end of 2011 than in any of the previous four years, a positive sign for the housing sector.

Fitch: Principal Reductions Meaningfully Reduce Mortgage Delinquencies
HousingWire | January 19, 2012
Principal reductions on mortgage loans meaningfully reduce delinquencies and foreclosures, much more than current proposals, according to Fitch Ratings.

Mortgage Originations Down 20% at Big Four Banks in 2011
HousingWire | January 19, 2012
Mortgage originations by the nation’s largest four banks fell 20.4% in 2011 to a combined $717 billion from $902 billion in 2010.

Delinquency and Foreclosure Rates Down From a Year Ago: LPS
DSNews | January 19, 2012
As of the end of December, Lender Processing Services (LPS) counted 6,167,000 borrowers behind on their mortgage payments, including those already in the process of foreclosure.

U.S. Housing Starts Dropped More Than Forecast in December
BusinessWeek | January 19, 2012
Builders began work on fewer houses than forecast in December, capping the worst year on record for single-family home construction and signaling recovery in the industry will take time.

More Originators Fear Effects of Legislation: Survey
The MReport | January 19, 2012
A survey released Wednesday found that more mortgage originators fear the effects of legislation for their industry than from any other challenge.  Releasing the Second Annual Survey of Originator Opinions, mortgage industry recruiting firm Hammerhouse LLC polled about 400 active loan originators across the country on issues that ranged from regulation to technology.  (If this describes your sentiment, you may not want to read this one: FHA toughens rules, penalties for mortgage lenders from HousingWire. ~Anthony)

From the National Association of Realtors®:

10 Housing Markets Getting the Most Web Traffic
Find out which 10 housing markets garnered the highest search rankings for December 2011 at Realtor.com.

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!

 

www.StewartSpokane.com

 

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