Real Estate News Today 3-22-2012

22 Mar

Look at that, most of Today’s News is good news!  Hot dog!

Hot Start-Up Industry: Construction?
The Wall Street Journal | March 21, 2012
It turns out that the hottest growth area for new businesses isn’t something sexy such as software or biotechnology. It’s construction.

Existing U.S. Home Sales Hold Near Two-Year High
Bloomberg | March 21, 2012
Sales of previously owned U.S. houses held in February near an almost two-year high, adding to evidence the market that triggered the recession is firming.

Supreme Court Allows Idaho Couple to Challenge EPA on Wetlands Ruling
The Washington Post | March 21, 2012
The Supreme Court on Wednesday unanimously ruled for an Idaho couple who have been in a four-year battle with the Environmental Protection Agency over the government’s claim that the land on which they plan to build a home contains sensitive wetlands.

Smaller Homes, Urban Lifestyles Attractive to New Homebuyers: ULI
HousingWire | March 21, 2012
Smaller homes closer to urban areas may be the next wave of new construction, as post-bubble buyers seek smaller mortgage payments and shortened commutes.

Economic Uplift May Be Drag on Housing
The Wall Street Journal | March 21, 2012
A firmer economy doesn’t immediately translate into a more robust housing market. It could actually prove an impediment.

Home Builder Stocks at Highest Point in 2 Years After 6-Month Rise
The New York Times | March 21, 2012
The Standard & Poor’s index of 11 home builder stocks has risen 80 percent since October, the most recent low for the industry.

Zillow Survey: Prices Projected to Fall 0.7%, but Rise Next 4 Years
DSNews | March 21, 2012
Home prices are projected to fall 0.7 percent this year, a more negative expectation than the 0.2 percent decline economists previously anticipated, according to the March 2012 Zillow Home Price Expectations Survey.

New Tools Get HyperSocial 
RealtorMag | March 20, 2012’s recently launched HyperSocial tools aim to improve real estate pros’ relationships online and allow clients’ recommendations to show up on their Facebook and Twitter pages.

Big Spending at Fannie, Freddie Should End, Watchdog Says
Bloomberg | March 21, 2012
The days of big spending on conferences and charity are over at Fannie Mae and Freddie Mac and the companies’ regulator should make sure it stays that way, the auditor of the Federal Housing Finance Agency said in two reports released today.


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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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Posted by on March 22, 2012 in Real Estate news


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