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Real Estate News Today 4-12-2012

12 Apr

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

Foreclosures to Rent are a Hot Investment
Los Angeles Times | April 11, 2012
A new report predicts the market for foreclosed homes that are turned into rentals will be worth more than $100 billion this year.

CoreLogic: Best Markets for Single-Family Rental Investments
DSNews | April 11, 2012
Single-family rental investing is a $3 trillion market, according to a CoreLogic’s MarketPulse report, which further stated that the single-family rental market accounts for $21 million rental units, or 52 percent of the residential rental market.

Watchdog Blasts Housing Program for ‘Hardest Hit’
CNN Money | April 12, 2012
A federal-state program aimed at helping homeowners in states hardest hit by the mortgage crisis is falling far short of its goals, a federal watchdog said in a report released Thursday.

Foreclosures at Lowest Level Since 2007
The Washington Post | April 11, 2012
First-quarter filings fall to lowest levels since the housing collapse began nearly five years ago.

FHA Retreats on Lending Rule Change
Houston Chronicle | April 11, 2012
The Federal Housing Administration has backed off from a rule change that would have made it harder for potential homebuyers to get government-backed mortgages.

How ‘Shadow Inventory’ Hurts the Housing Market
Chicago Tribune | April 11, 2012
There were high hopes that 2012 would be the year when the housing market, battered by the explosion of the real estate bubble, would finally begin to recover. But any good news on the housing front has quickly been followed by negative news.

The Top 10 Dying Industries in the United States
The Washington Post | April 11, 2012
A new report from IBIS World looks at 10 industries in the United States that are demonstrating, as the researchers put it, “exceptionally sour performance.”

Buyer Urgency Improves, More See Now Good Time to Buy
Realtor Magazine | April 11, 2012
More home buyers may jump off the sidelines this spring as they get more urgent about purchasing a home, fearing that home price and mortgage rate increases are on the horizon. 

BofA Announces Shortened Short Sale Process
Realtor Magazine | April 11, 2012
Bank of America announced it is refining its short sale process to streamline its approval process and reduce the wait in accepting offers and making it to closing. The changes are expected to trim the bank’s decision time in half — from 45 days or longer to 20 days, Inman News reports. 

 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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