Real Estate News Today 2-28-2012

28 Feb

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

2-year old email chain still just as false
HousingWire | February 27, 2012
Internet rumors never die — especially when they concern Obama’s healthcare plan.
(Spokane, WA makes the news, though not in a good way.  I’m not saying I’m a fan of the health care plan, but I’m not a fan of false and misleading information either.  You need to read the article. ~Athony)

A U.S. Boon in Low-Cost Borrowing
New York Times | February 27, 2012
These are the best of times for the world’s most ravenous borrower, the United States of America.

Buyers Face Higher Fees At FHA
New York Times | February 27, 2012
Mortgages backed by the Federal Housing Administration — which allows a smaller down payment and has less stringent credit requirements than traditional mortgages — are about to get a bit more expensive. But whether the higher costs will damp demand for these mortgages remains to be seen, experts say, since many borrowers have nowhere else to turn.

Housing Regulator Starts Program to Sell Off Foreclosed Houses
The Hill | February 27, 2012
A federal housing regulator announced Monday that it will start selling foreclosed homes to investors in areas hit hardest by the housing crisis to provide stability to the ailing sector and boost the economic recovery. 

Contracts To Buy Homes At Nearly 2-Year High
NPR | February 27, 2012
The number of Americans who signed contracts to buy homes rose in January to the highest level in nearly two years, supporting the view that the housing market is gradually coming back.

Cash Buyers Squeezing Out Traditional Home Seekers
NPR | February 27, 2012
Not everyone wants to buy a mold-infested foreclosure, but Dan Grohs does. He and his Realtor are walking through a three-bedroom house in Minneapolis. The copper pipes have been stolen by vandals and the heat doesn’t work, but Grohs recently bid on the house — and he sees potential.

Fannie Mae Begins Marketing Foreclosed Homes as Rentals
The Wall Street Journal | February 27, 2012
Fannie Mae plans to sell nearly 2,500 foreclosed properties to investors in the first phase of an initiative to aid the U.S. housing market through bulk sales of distressed homes.

Today in the “just for fun” category, here you can watch the PSA spot that actor Michael Douglas, aka Godon Gekko, recorded for the FBI to warn investors about insider trading.

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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