Real Estate News Today 4-24-2012

24 Apr


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


March 2012 Existing Home Sales Show Significant Decline in Inventory from March 2011
Ted C. Jones Blog | April 23, 2012
The big story for March 2012 existing homes sales was the significant decline in the inventory of homes available for sale (where the months inventory contrasts the current supply, on a seasonally-adjusted basis, to the sales rate). 


Raines: Don’t Blame Homeowners, Government for Housing Bust
The Wall Street Journal | April 23, 2012
The former chief executive of Fannie Mae, in a rare public appearance Friday, argued that government policies weren’t the main cause of the housing bust, and that the government shouldn’t stop pushing to expand home ownership. (As I have said here before, we’re all at fault in the housing crisis.  Mr. Raines disagrees. ~Anthony)


Fed Likely to Stay the Course, Even as Economic Recovery Appears Mixed
The Washington Post | April 23, 2012
At the start of the year, the Federal Reserve was a dour pessimist— even though a range of economic indicators were starting to suggest that the nation’s recovery was finally gaining enough momentum to sustain itself.


FDIC Expects Healthy Deposit Insurance Fund by 2018
HousingWire | April 23, 2012
The Federal Deposit Insurance Corp. board expects bank failures to cost the fund $12 billion over the next five years, down from $88 billion in losses between 2008 and 2011.


Tablets are Expected to Replace PCs as Primary Computing Device
Los Angeles Times | April 23, 2012
A paradigm shift may be coming to the digital lifestyle. Instead of the PC being the center of the personal computing universe, consumers will be opting for tablets as their primary computing device and relying on cloud storage to access their content across their devices, according to a new report.


What Should New Dodd-Frank Mortgage Rules Say?
The Wall Street Journal | April 23, 2012
Get ready for another spat over Dodd-Frank mortgage lending rules. It’s been more than a year since regulators unveiled the first set of proposed (and yet-to-be completed) mortgage rules resulting from the 2010 financial overhaul law. Now a new consumer regulator is hashing out a separate rule that will define what kind of loans mortgage lenders will be able to make.


Multifamily Capital is Plentiful for Those Who Need It Less
Multifamily Executive | April 5, 2012
After spending a couple of days with multifamily players in Las Vegas at the Apartment Finance Today Conference, “Meet the Money,” from April 2–4, we’re convinced that worklife behind and beneath the giddy headlines is anything but giddy. (OK I’m sure many or most of you don’t care about multifamily housing financing.  But I thought the bullet points this author has on the current state of the economy are right on. ~Anthony) 


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Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA 99201
Telephone: 509.328.7171
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