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Real Estate News Today 4-6-2012

06 Apr

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

Tri-Cities metro area saw fastest growth in U.S.
The Spokesman-Review | April 6, 2012
The nation’s fastest-growing metro area between 2010 and 2011 was a mere two-hour drive from Spokane.  (Also mentioned in the article is Moses Lake, WA. ~Anthony)

  • U.S. Census Bureau: Growth Spurts in Southern and Western Areas
    HousingWire | April 5, 2012
    Metro areas in the South and West grew the fastest from April 2010 to July 2011, according to new census data, but some cities, like Las Vegas, that saw major growth from 2000 to 2008 dropped significantly in the rankings.

Fed Blesses Banks’ Foreclosure-Rental Approach
The Wall Street Journal | April 5, 2012
The Federal Reserve set out new polices for banks that decide to rent out foreclosed homes, endorsing a strategy for managing the huge number of distressed properties that have piled up during the housing bust. (Setting aside for the discussion the fact that banks are federally regulated – free market vs. government oversight on banks renting out properties? ~Anthony)

Family Businesses Learn to Adapt to Keep Thriving
The New York Times | April 4, 2012
Only about 30 percent of family businesses survive beyond the founder’s generation. Those that do have a willingness to reinvent, a focus on succession and an openness to outside help.

Asking Prices May Presage Turnaround, Report Says
The Wall Street Journal | April 5, 2012
Once gun-shy home sellers may be feeling more confident as they set listing prices these days, which could translate into higher sales prices down the road, according to a report released Thursday.

JPMorgan CEO on Housing: We Made Too Many Mistakes
HousingWire | April 5, 2012
In a letter to shareholders JPMorgan ($44.34-0.07%) Chief Executive Jamie Dimon admits that his bank contributed to the collapse of the American housing industry, but says that progress is being made to rectify the errors.

More Buyers See Opportunity in Vacation Homes
Realtor Magazine | April 5, 2012
Some buyers are viewing the vacation home market as the “perfect storm” to jump in and snag a second home at a bargain price.

FHA Premiums May be Going Up, But a Loan Officer Offers a Way Out
DSNews.com | April 5, 2012
Starting next Monday on April 9, FHA upfront mortgage insurance premiums will rise from 1 percent to 1.75 percent of the base loan amount, and the annual mortgage insurance premium will rise by 0.10 percent for loans under $625,500 and by 0.35 percent for loans above that amount.  Even if one hasn’t applied for a loan just yet, Dan Green, loan officer with Waterstone Mortgage in Cincinnati and author of themortgagereports.com, said by getting an FHA loan registered by April 9, one can avoid paying those premiums. 
(I would LOVE to hear from other loan officers on this, is he right or wrong? I confess ignorance on the issue. ~Anthony)
 

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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!

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One response to “Real Estate News Today 4-6-2012

  1. profitscouter

    April 6, 2012 at 10:55 am

    Reblogged this on elektronischer bundesanzeiger.

     

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