Real Estate News Today 2-6-2012

06 Feb

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

Distressed Sales Undercut Home Prices in 2011, Study Says
AOL Real Estate | February 2, 2012
A report released today says that home prices slid by nearly 5 percent last year, but also indicates that most of the decline was due to distressed sales.  (If you’re a believer in the arguement that distressed sales create a false picture of the market, this article certainly supports that debate.  ~Anthony)

Rising Rents Making Many Renters to Re-Examine Homeownership
Ted C. Jones Blog | February 2, 2012
Apartment asking rents increased 2.8 percent last year according to Rents Marcus and Millichap while effective rents (after consideration of all discounts, giveaways and specials) jumped 4 percent.  At the same time, median U.S. home values declined 3.9 percent.  Marcus and Millichap expects 2012 to see even added increase in rental rates with a forecast  85,000 new unit deliveries but with demand for at least 120,000. 

A Mortgage Tornado Warning, Unheeded
The New York Times | February 5, 2012
Inspired by a personal experience, a businessman began delving into the practices of the mortgage industry, including Fannie Mae. His findings have been prescient.

Housing Adds Little to Employment Growth
HousingWire | February 3, 2012
The January employment gains, the strongest since April, are partly due to healthy payroll additions in construction, but recent data on housing construction and starts suggest residential construction contributed little.

Multifamily mortgage originations jump 13%
HousingWire | February 6, 2012
Originations of commercial and multifamily loans grew 13% year-over-year in the fourth quarter of 2011, while still declining 7% from the third quarter, an industry trade group said Monday.  

Looking for a Profitable Real Estate Niche? Try Neighborhood Schools Specialist
Kristian Bonner Blog | June 28, 2011
Agents can gain a competitive advantage by becoming an expert on local schools. By providing objective information about the school’s current programs, test scores, teachers and librarians, prospects can make better buying decisions.  (There are some excellent ideas in here.  It’s worth a read if you haven’t found your niche yet. ~Anthony)

From the National Association of Realtors®:  

What Customer Service Means Today
What does it mean to provide excellent customer service in the age of Apple and Amazon? 

Fannie Mae Gains More Short-Sale Authority
Several mortgage insurers have removed another barrier in short sales that could speed approval of short sales on Fannie-backed loans.


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

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



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