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Real Estate News Today 5-7-2012

07 May

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

Buying a Home Won’t Get Much Cheaper
CNNMoney | May 6, 2012
Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak housing market
.

Vacation-Home Markets Heat Up
The Wall Street Journal | May 6, 2012
If you’re thinking of buying a second home in the next five years, this might be your best opportunity.

Barclays Bullish on Housing
HousingWire | May 4, 2012
Analysts at Barclays Capital conclude that the housing market is no longer a drag on the economy.

Renting Prosperity
The Wall Street Journal | May 6, 2012
Americans are getting used to the idea of renting the good life, from cars to couture to homes. Daniel Gross explores our shift from a nation of owners to an economy permanently on the move-and how it will lead to the next boom.

Homes’ Landscaping Edges Onto Public Sand
The Los Angeles Times | May 6, 2012
California has ordered homeowners along some of Orange County’s most coveted coastline to rip out the landscaping and other upgrades that have crept steadily seaward.

What Buyers Often Overlook in Home Purchases
REALTORMag | May 4, 2012
While many buyers may be swayed by the home’s appearance, financing, and location when choosing a home, housing experts say they often overlook other important factors that may keep them happy for years to come with their home purchase. 

Ohio AG begins $75 million demolition program
HousingWire | May 4, 2012
Ohio Attorney General Mike DeWine will begin granting $75 million to local governments for the demolition of abandoned homes. The money comes from the $25 billion settlement with mortgage servicers approved in March.  (I’ve said this before and I’ll say it again, I don’t believe the way out for states like Ohio is to demolish vacant homes.  It seems to me they would be much better off selling them super cheap to first time home buyers or even creating a program for out of state buyers.  How about an incentive program to companies that want to relocate to Ohio?  The state could offer free housing for the first six months or 1 year, or simply free housing.  Move your company to the state of Ohio and we’ll give each of your employees a free home!  That’s not going to happen. The solution they’ve come up with is to use the settlement money to rip them down. ~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
acarollo@stewart.com

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