Real Estate News Today 4-4-2012

04 Apr

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

We topped 300 likes to our Stewart Title Spokane Facebook page this week, check it out!  Facebook

Tips for First-Time Home Sellers
FOX Business | April 3, 2012
Selling a home is one of the biggest financial transactions most people ever do in their lives. And the current real estate market, still plagued with a record number of foreclosures and short sales, can be a challenge for anyone.  (Some GREAT advice here.  It’s certainly worth the read if you’re considering selling your home. Choose to use a real estate agent, and choose Stewart Title!  ~Anthony)

Fed Sees Improving Economy Reducing Need for Stimulus
Bloomberg | April 4, 2012
Federal Reserve policy makers see the improving economy reducing the need for new stimulus even as they stick to a plan to hold the benchmark interest rate near zero at least through late 2014.

Foreclosure ‘Starts’ Fall in February
The Wall Street Journal | April 3, 2012
Housing pundits have warned that banks were likely to jumpstart the foreclosure process after finalizing their $25 billion settlement with the federal government and 49 state attorneys general. But so far, there’s little indication of a lift in foreclosures.

Time to Sell Penthouse. The Russians Have Cash
The New York Times | April 3, 2012
The high-end real estate market is enjoying a remarkable rise, fueled largely by wealthy Russians.

U.S. Home Market Pulls in More Chinese Buyers
USA Today | April 3, 2012
China’s great wall of cash is pouring into the struggling U.S. property market, from multi-million-dollar mansions on the West Coast to venerable hotels on the East Coast.

IRS Already Gearing Up for Health-Care Crackdown
FOX Business | April 1, 2012
The rest of the country may be waiting for the U.S. Supreme Court to decide the fate of President Barack Obama’s health-care law, but the Internal Revenue Service is wasting no time.

Lenders’ Risk Managers Expect Mortgage Delinquencies to Drop
DSNews | April 3, 2012
FICO’s quarterly survey of bank risk professionals found a reversal in the sentiment of U.S. lenders, with expectations for loan repayments more upbeat in the first quarter of 2012 than they had been during the previous quarter. 

Will Housing Prices Soar By 2014?
Realtor Magazine | April 3, 2012
Find out what real estate economists and analysts predict for the housing market over the next two years.  (Soar?  That may be a bit of an exageration, I’d be thrilled if the market were simply up.  Maybe I’ll put this article in my calendar for two years from now and see if I’m right or they are. (:-) ~Anthony)

Canada’s housing bubble exists, and it’s stretched thin
HousingWire | April 3, 2012
The hot housing market in Canada seems all too familiar. More mortgages without down payments, rising home costs without matching rises in income, and an extremely high ratio of house prices to rents. It all spells a bubble waiting to burst. 

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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