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Real Estate News 2-29-2012

29 Feb

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

Top Ten Higher-End Items Builders Will Likely Omit in 2012
Ted C. Jones Blog | February 21, 2012
The National Association of Home Builders surveyed their membership on what features will likely not be included in 2012 construction as much as in the past.  Builders were asked to rate these amenities from 1 to 5 with 5 being more likely to be included.

Housing Prices at Lowest Level Since ’02
Washington Post | February 29, 2012
The nation’s home prices have fallen to their lowest level since 2002, according to a private report, casting a troubling shadow over what has otherwise been a brightening economic recovery.

Where Housing Is Headed
The Wall Street Journal | February 28, 2012
The stage is set for a housing bottom in more markets, as prices have fallen modestly and inventory has dropped sharply. But two big questions loom: Will buyers’ confidence improve enough to increase sales? And will more homes hit the markets as banks process more foreclosures and traditional sellers move off the sidelines?

A Look at Case-Shiller by Metro Area.
The Wall Street Journal | February 28, 2012
The national composite, which covers the entire country and is only released on a quarterly basis, was down 4% from a year earlier and fell 3.8% in the fourth quarter compared with the third.

Refi Plan Under Way, But Disagreement on Future Changes
The Wall Street Journal | February 28, 2012
Two top U.S housing officials say the early results of a newly expanded refinancing program show it could indeed be a boost for the ailing housing market. At the same time, a federal housing regulator did not appear inclined Tuesday to enact further changes.

FHA to Review New Condo Restrictions
HousingWire | February 28, 2012
The Federal Housing Administration may revise recent regulations some say are hurting purchases and refinances for condominiums.

Risks Remain for FHA Insurance Fund, Donovan Says
HousingWire | February 28, 2012
Despite the unprecedented efforts of the administration to alter the trajectory of the Federal Housing Administration, considerable risks remain, Housing and Urban Development Secretary Shaun Donovan said.

Regulation Fuels 21% Surge in Bank Checking Fees, Javelin Says
Reuters | February 28, 2012
Consumers pay about 21 percent more in fees for basic checking accounts than they did six years ago, according to a study released today.

Las Vegas Loses Standing as Mortgage-fraud Capital
Las Vegas Review-Journal | February 28, 2012
Las Vegas, once identified as “ground zero” for mortgage fraud, is no longer among the nation’s top five regions for mortgage fraud per capita, according to an analysis by CoreLogic, a consumer financial information and research firm.

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

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