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Real Estate News Today 3-14-2012

14 Mar

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

15 of 19 Major U.S. Banks Pass Fed’s Stress Tests
The Washington Post | March 13, 2012
Federal Reserve says 15 of the 19 largest U.S. banks would remain healthy in a severe crisis, demonstrating the scope of the recovery of the nation’s financial system since it nearly collapsed in 2008.

And this next headline is for the “Glass-is-half-empty” crowd  J 

Four of 19 bank holding cos. Fail portion of stress tests
HousingWire | March 13, 2012

Four of 19 banks failed to meet at least one of the minimum capital ratios in the Federal Reserve‘s stress tests.

Bernanke says community banks strengthening
Yahoo! News | March 14, 2012

U.S. community banks are gaining strength even though the economy is improving only moderately, Federal Reserve Chairman Ben Bernanke said Wednesday.  (Bankers: Take a look at the very last line that quotes Mr. Bernanke regarding new regs. ~Anthony)

Mortgage Purchase Demand Rose Last Week: MBA
Reuters | March 14, 2012
Demand for home purchases picked up for the third week in a row last week, though applications for refinancing sagged, an industry group said on Wednesday.

New Rules Easing HARP Refinances
NASDAQ | March 13, 2012
There’s a big change coming in the HARP 2.0 program that will make it easier and faster for homeowners to refinance their underwater mortgages, and possibly save them several hundred dollars as well.

Nasdaq Finishes Above 3,000, Its Best Since Dot-Com Bubble
The New York Times | March 13, 2012
Stocks climbed to new heights in part on rosy retail sales data, pushing the broad market to levels last seen in June 2008 and the Nasdaq composite index past the 3,000 milestone for the first time since 2000.

Report: Investors Buying Foreclosures on West Coast
DSNews.com | March 13, 2012

For West coast states, the foreclosure wave is reported to be dying down as third parties, who are typically investors, snatch up foreclosed homes, according to the February 2012 ForeclosureRadar report, which only includes Arizona, California, Nevada, Oregon, and Washington.

Apartment Loans by Agencies Creating Bubble, Chandan Says
Bloomberg | March 14, 2012

Low-cost financing backed by the U.S. government is inflating the values of apartment buildings and threatening threatening to create a bubble, according to a report by Sam Chandan, a real estate economist.

Seniors, Young Adults Will Influence Housing
Realtor Magazine | March 13, 2012
Aging Baby Boomers and their “Echo Boomer” children will significantly impact trends in the nation’s housing market over the next 20 years, according to a new report released by the Bipartisan Policy Center.

A ‘Mega Force’ Emerging in Housing?
Realtor Magazine | March 13, 2012
This growing segment of home buyers continue to flood the market and are expected to “have an exponential impact on housing sales,” according to a new housing report.

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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