Real Estate News Today 5-4-2012

04 May

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

That New Foreclosure Tsunami? Still Waiting
The Wall Street Journal | May 3, 2012
For at least the last six months or so, a lot of people were talking about a “new wave” of foreclosures threatening to smother the U.S. housing market in gloom once again.

Is this Market ‘Bottom’ a True One that Will Stick?
DSNews | May 3, 2012
During a CoreLogic economic webinar Thursday, the company’s chief economist, Mark Fleming, Ph. D., was asked if the housing market has hit bottom and will it stick, as reports seem to be speculating. (This is very well written and agrees with something I’ve been telling folks for a while now.  Is the market recovering?  Yes.  Will it continue?  Probably, but that’s barring any new unforseen disasters.  Consider what we’ve seen just since 9/11 that have all had economic impact: An incredible oil spill, tsunamis in Japan and the Indian Ocean, the subsequent Japanese nuclear disaster, Hurricane Katrina, economic fragility in Europe, this list goes on.  None of us knows the future. ~Anthony)

Commercial Real Estate Hindered by Tight Credit, Realtors Say
Bloomberg | May 3, 2012
A “major portion” of small commercial-property deals in the U.S. have fallen through because of stricter lending standards, according to a National Association of Realtors survey.

When to Refinance Again
The New York Times | May 3, 2012
Those who refinanced their mortgages a year or so ago, when interest rates averaged just below 5 percent for a 30-year fixed-rate loan, may be wondering whether it’s time to refinance yet again, now that rates are at least a full percentage point lower.

The Danger of Social Profiling
The Washington Post | May 3, 2012
Should employers and stores be allowed to discriminate based on your social graph?

Wells Fargo’s Mortgage Dominance Worries Regulators and Investors
Los Angeles Times | May 3, 2012
Wells Fargo & Co. has become so dominant in the mortgage business that major investors and federal regulators are worried that a financial hiccup at the giant bank could roil the already beleaguered real estate market.

5 New ‘Rules’ to Home Buying
RealtorMag | May 3, 2012
With signs of a housing turnaround getting stronger, housing experts say buyers are finding several recent changes when they go to put in an offer on a home. A recent article at U.S. News & World Report highlights some of these changing “rules” for your home buyer clients.  (Realistically these are not new rules, they are old rules.  They are great reminders however. ~Anthony)

Make Sure Your House is Appealing from the Curb
FOXBusiness | May 4, 2012
Whether you’re prepping your home for sale, or just want it to look good, don’t forget about the exterior — especially the front yard and door!  Here are some great tips from home stagers and curb appeal experts on how to best showcase your home’s first impression.  (This is an excellent resource if you are listing your home.  In today’s market it has to outshine the others, they are your competition! ~Anthony)

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

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


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