Real Estate News Today 3-29-2012

29 Mar

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

Breaking news from HousingWire: Freddie Mac mortgage rates back below 4%

Realtor Referrals Supply One-Third of Business for Lenders: Survey
The MReport | March 28, 2012
Referrals from real estate agents guide about one-third of mortgage-financing decisions for today’s homebuyers, according to a recent survey.  (Read on to find out the biggest reason why buyers DIDN’T use their agents recommended lender. ~Anthony)

Cordray to Chamber: I Come In Peace
The Hill | March 29, 2012
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray offered an olive branch Wednesday to one of his agency’s more fiery critics, the U.S. Chamber of Commerce.

Banking Regulator Calls for End of ‘Too Big to Fail’
The New York Times | March 29, 2012
An official at the Federal Reserve Bank of Dallas said that despite the financial crisis of 2008, a cartel of megabanks still hinders economic recovery.

Bernanke Says Too Early for Victory on U.S. Recovery
Bloomberg | March 28, 2012
Federal Reserve Chairman Ben S. Bernanke said unemployment remains too high, the recovery in the U.S. economy isn’t assured and policy makers don’t rule out any further options to boost growth.

Forecast Upbeat on Housing Recovery
The Wall Street Journal | March 28, 2012
The housing market may finally be on the path to a sustainable recovery, according to a new report, but it’s not the cork-popping celebration many under-water homeowners may have hoped for.

Trump Makes Return to Risk
The Wall Street Journal | March 28, 2012
Donald Trump’s appetite for real-estate risk has returned. He is doubling-down his bet on the Trump International Hotel and Tower Chicago, the second-tallest building in the city.

Combat Deal-Killing Low Appraisals
Realtor Magazine | March 28, 2012
About one in three real estate contracts were canceled in January, up from 9 percent the previous year. Lowball appraisals are mostly to blame, agents say.

Poll: Renters Want to Buy
Realtor Magazine | March 28, 2012
Fannie Mae’s quarterly national housing survey shows that renters want to purchase a home, but one thing has them spooked. (I was actually surprised at the “one thing” that’s keeping renters from moving toward a purchase. ~Anthony)


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


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



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