Real Estate News Today 4-16-2012

16 Apr

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

US Home-buying Season Finally Signaling a Recovery
The Associated Press | April 15, 2012
Five years after the U.S. housing bust sent sales and prices plunging, the spring home-buying season is pointing to a long-awaited recovery.

Wells, Chase Positioning for Mortgage Rebound
HousingWire | April 13, 2012
The nation’s largest mortgage lenders Wells Fargo and JPMorgan Chase originated more mortgages in the first quarter as each inch toward a cleaner portfolio.

Last-Minute Tax Tips for Those Waiting Until April 17 Deadline
Fox News | April 15, 2012
Getting an extra two days to file taxes beyond the usual April 15 tax filing deadline isn’t likely to cure a nation of procrastinators this year.

As Congress Returns, Republicans Turn Focus to Gas Prices, Domestic Energy
The Washington Post | April 15, 2012
Speaker Boehner, hoping to hit Obama hard, wants to use session to push domestic energy issue.

Obama Bid to End Too-Big-to Fail Undercut as Banks Grow
Bloomberg | April 16, 2012
Two years after President Barack Obama vowed to eliminate the danger of financial institutions becoming “too big to fail,” the nation’s largest banks are bigger than they were before the credit crisis.

Mitt Romney Says He May Ditch HUD
Forbes | April 14, 2012
In a closed-door Florida fundraiser for donors tonight, Mitt Romney offered a rare glimpse into his policy plans if elected President. And, as NBC reports, he got quite trigger-happy.  (Wishful thinking on Mitt’s part?  That’s an awfully large and complex bureaucracy to dismantle. ~Anthony)

The Bailout Could Turn a Profit, but That’s not Entirely a Good Thing
The Washington Post | April 14, 2012
At a press briefing on Friday, senior Treasury officials had some good news to trumpet: The government’s bailout of the financial system during the crisis has cost less than expected.

Investors Eye REOs as a ‘Gold Rush’
Realtor Magazine |
A modern day “Gold Rush” is on for investors who are pouncing on bargain prices for foreclosures.   

Rehabilitation vital to REO-to-rental success
HousingWire | April 13, 2012
Any long-term REO-to-rental strategy will need to adopt extensive refurbishment plans in order to resell the assets.  Further, much of the foreclosed property that financial institutions would look to bulk-sell is currently in need of repair.  (This reporter makes good case and in fact this should spur a great deal of activity not only on the contractor/builder/remodeler side of the economy, but also the retail home improvement business, construction suppliers, and so forth. If you are a contractor, you should be networking with investors. ~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

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



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