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Real Estate News Today 4-19-2012

19 Apr

Listing a property for sale in any market creates lot of questions for the sellers.  You can take away a some of that uncertainty for your Spokane sellers by pointing them to our Net Proceeds Worksheet.  You can check it out on our website at www.stewartspokane.com or you can also find it on our Facebook page! Facebook

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

House GOP Advances Measure Rolling Back Dodd-Frank Provisions
The Hill | April 18, 2012
House Republicans on Wednesday advanced legislation that would roll back portions of the Dodd-Frank financial reform law.

House to Vote on Small Business Tax Cut Plan
The Washington Post | April 18, 2012
Days after the Senate rejected a plan to impose higher taxes on wealthy Americans, the House Thursday plans to vote on a bill that would extend tax cuts to businesses with fewer than 500 employees.

Former St. Louis HUD Official Took Bribes to Approve Funding, Feds Say
St. Louis Post-Dispatch | April 18, 2012
A former director in the St. Louis office of the U.S. Department of Housing and Urban Development took $38,000 in bribes to approve $1.5 million in mortgage refinancing, the U.S. Attorney’s office said.

Is Our Long National Short-Sale Nightmare Finally Coming to an End?
The Wall Street Journal | April 18, 2012
It’s been a long-standing complaint from home buyers, sellers and real-estate agents alike. Banks have been slow to approve short sales — those in which the lender agrees to receive less than the total outstanding mortgage amount.

Small-Firm Loans Lagged
The Wall Street Journal | April 18, 2012
Lending to small and medium-size businesses after the recession recovered more slowly in the U.S. than in other countries such as Canada, France and Italy, according to a report expected to be released Thursday by the Organization for Economic Cooperation and Development.

Economist says first-time homebuyer tax credit hurt homebuyers
HousingWire | April 18, 2012
Did the 2009 first-time homebuyer tax credit actually help anyone? Economist Dean Baker says yes — just not the people it was intended to help.

Investors Eye College Towns for Best Deals
Realtor Magazine | April 18, 2012
Investors are viewing college towns as the safest bets to offering stable rental returns.

If you’d like to follow some of the responses I’ve had on current lending standards and whether they’re too tight or too loose, I’ve posted it in a discussion forum on LaunchPad here.

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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