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Real Estate News Today 4-26-2012

27 Apr

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

How the Web Is Ruining Real Estate
RealtorMag | April 2012
Experts in real estate technology argue that online media is causing real problems for practitioners and consumers and how they connect with each other. What are these issues, and what can you do about them? (Agree or disagree?  Let me know at acarollo@stewart.com Many thanks to the Spokane Association of Realtors for passing along this gem! ~Anthony)

Stunned Home Buyers Find the Bidding Wars Are Back
The Wall Street Journal | April 26, 2012
A new development is catching home buyers off guard as the spring sales season gets under way: Bidding wars are back. From California to Florida, many buyers are increasingly competing for the same house. Unlike the bidding wars that typified the go-go years and largely reflected surging sales, today’s are a result of supply shortages.

Donovan: No Fannie, Freddie Reform ‘Any Time Soon’
HousingWire | April 26, 2012
Department of Housing and Urban Development Secretary Shaun Donovan said the Obama administration doesn’t plan to introduce Fannie Mae or Freddie Mac reform “any time soon.”

Fed Cuts U.S. Growth Forecast for 2013 and 2014
The New York Times | April 26, 2012
The Federal Reserve chairman, Ben S. Bernanke, on Wednesday dismissed proposals to escalate the Fed’s economic stimulus campaign as “reckless,” arguing that the costs would be high and the benefits uncertain.

Facing Scrutiny, Builder Horton Changes Course on Mineral Rights
The Wall Street Journal | April 26, 2012
Home-builder D.R. Horton has ended a policy of keeping mineral rights in North Carolina. As we’ve written, the company, the nation’s largest builder, has been keeping the right to drill for natural resources under homes it sells nationwide for years.

Costco: Want a mortgage with your 60 rolls of toilet paper?
HousingWire | April 26, 2012
Costco the one-stop-bulk-shop haven, offers everything you need in a home: Furniture, flooring, groceries and 60-roll toilet paper packs. Now Costco is going to help you finance your home, too. (Be assured I’m not a fan of doing business this way. But if Costco is hopping into the mortgage business, that’s certainly newsworthy. My favorite line? “And while grocery store banking is certainly convenient (car loan with your granola bar, anyone?) there are definitely some drawbacks. Namely, the complete lack of personal service.” ~Anthony)

Mortgage Rates Hover Near Record Lows…Still
The MReport | April 26, 2012
Debt crises in Europe once more left interest rates for mortgage loans near record lows.

Private Island Homes
Yahoo! Real Estate | April 25, 2012
Taking up residence in the middle of an ocean, lake or river isn’t for everybody. But for anyone who yearns for a property line that laps to shore, options abound. Architecturally expressive abodes for the aesthetically inclined, secluded dwellings for the nature-loving set, spacious compounds for the party minded, and unforgettable retreats for families are just the beginning. (This contribution comes to you courtesy of my 15 year old daughter Emily.  She’s a peach.  (:-)  I love you Emily! ~Dad)

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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