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Real Estate News Today 1-25-2012

25 Jan

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

State of the Union 2012: Full Text of President Obama’s Speech
The Washington Post | January 24, 2012

Obama Takes Aim at Housing Bust in State of the Union Speech
Los Angeles Times | January 24, 2012
President Obama outlined steps that could affect the nation’s housing market in a State of the Union address that focused heavily on economic issues.

Zandi: President’s Refinancing Plan Would Help Lift Housing, Economy
The Washington Post | January 24, 2012
President Obama spent very little time on housing related policies in his State of the Union address Tuesday night. While disappointing, it’s not surprising as the problems are complex, extraordinarily difficult to tackle, and very costly. In his brief remarks, he focused on the right thing: facilitating more mortgage refinancings.

Tips to Help You Claim a Home-Office Deduction .
The Wall Street Journal | January 24, 2012
About 52% of all businesses are run from home. The number of teleworkers is growing annually. It’s good to know that some tax savings can result from this work arrangement. A portion of personal expenses for your home can be turned into a business deduction — if you meet certain rules.

Fannie’s Multifamily MBS Issuance Grew 45%
HousingWire | January 24, 2012
Fannie Maeissuance of securities backed by multifamily properties grew 45% in 2011, with the government-sponsored enterprise issuing $23.8 billion of MBS, up from $16.4 billion in 2010.

U.S. Consumer Bureau Mulling Rule Exemptions for Smaller Banks
Bloomberg | January 24, 2012
The U.S. Consumer Financial Protection Bureau may weigh size or market share in exempting community banks from its rules to shield them from the greater regulatory burdens facing their larger rivals.

Housing Inventory Down 22% From Year-Ago Levels
DSNews | January 24, 2012
At the national level, the inventory of for-sale single-family homes, condominiums, townhouses, and co-ops dropped by 22.29 percent over the last year, according to new statistics released by Realtor.com.

From the National Association of Realtors®:

More Buyers Ready to Get Off the Sidelines?
Falling home prices, record low interest rates, and rising rents are making more Americans take a closer look at home buying.

Agent, Buyer Robbed at Gunpoint During Open House
A REALTOR(R) association in California is warning its members to be on alert after a real estate agent and a potential home buyer were robbed at gunpoint during a recent open house.

2 Big Banks Slash Foreclosure Sale Timelines
JPMorgan Chase and Wells Fargo have cut their foreclosure timelines by as much as 100 days, helping the major lenders move through a huge backlog of foreclosures, according to a new report.

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
acarollo@stewart.com

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

www.StewartSpokane.com

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