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Real Estate News Today 4-30-2012

30 Apr

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

Fannie, Freddie Leader’s Mortgage-cutting Dilemma
San Francisco Chronicle | April 29, 2012
Ed DeMarco, the man who oversees Fannie Mae and Freddie Mac, is still mulling whether to allow permanent principal reductions on mortgages owned or guaranteed by the taxpayer-supported entities.

Shielding the Family Business
The Wall Street Journal | April 27, 2012
The Tax Court has just blessed a technique that owners of closely held businesses can use to pass assets to heirs with a minimum of taxes and complications.

Short Sellers Seeking to Avoid Foreclosure will Get Faster Replies from Banks
The Washington Post | April 29, 2012
For the estimated 11 million homeowners burdened with an underwater mortgage, a federal policy change could be good news. Starting in June, if you decide to do a short sale to shed your mortgage debt load and avoid foreclosure, you may not have to wait for months to hear back from your bank after submitting an offer from a potential purchaser.

Surge in Investor Purchases Gave Home Prices Boost in February
DSNews | April 27, 2012
While Radar Logic reported home prices in February showed a month-over-month increase, the real estate data provider sees this trend as possibly being temporary, considering that warm weather and investment buying helped to drive up sales.

Stripe Your Lawn Like the Major Leagues.
The Wall Street Journal | April 30, 2012
Today’s ballpark grass patterns have become as intricate as the game itself. From simple stripes to checkerboard, plaid and diamond patterns, for creative groundskeepers fields are a canvas on display for millions watching in the stands and on TV.

How Car-Centric is Your City? Public Transit Ranked
USA Today | April 26, 2012
How easy would it be to leave your car behind or not even have one? A new ranking of U.S. cities, based on their public transit systems, offers a clue and perhaps some surprises.

3 Housing Trends Emerging This Spring
RealtorMag | April 27, 2012
What can home buyers expect to face this selling season? An improving housing market has made it a different picture in many areas compared to recent years, housing experts say. A recent article at Bankrate.com notes some…trends taking shape in the housing market this spring. 

NFL Stars Join in Initiative to Revive Blighted Neighborhoods
DSNews.com | April 27, 2012
The United Athletes Foundation (UAF) is working with two nonprofits to create an initiative that utilizes the influence of star athletes to help revitalize blighted communities.

Did you happen to do any open houses this weekend?  I’d love to hear how things went: how was traffic, what was the attitude/outlook of your visitors, how was traffic at new construction vs. resale?  Talk to me at acarollo@stewart.com or on my blog.

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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