Real Estate News Today 5-11-2012

11 May

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

Rising Rents – Theme of the Year and the NEXT
Ted C. Jones Blog | May 10, 2012
The dearth of residential construction in the past four years and a growing (albeit sputtering) economy, has set the stage for several years of rising rents—and in some locations SIGNIFICANTLY rising rents. 

J.P. Morgan Makes $2 Billion Blunder
The Wall Street Journal | May 10, 2012
A massive trading bet boomeranged on J.P. Morgan Chase Co., leaving the bank with at least $2 billion in trading losses and its chief executive, James Dimon, with a rare black eye following a long run as what some called the “King of Wall Street.” 

Commercial Investors Fear New Precedent Set for ‘Extend and Pretend’
The Wall Street Journal | May 10, 2012
Commercial real-estate investors thought they had it bad before, but the fallout from a December court decision is causing a new level of uncertainty.

Bernanke Says Firms and Consumers are Finding it Easier to Borrow
The Washington Post | May 10, 2012
But the Fed chair says many creditworthy borrowers are finding it difficult to get mortgage loans.

LPS: Home Prices in February Edge Upward
HousingWire | May 10, 2012
Average home prices across the nation rose a meager 0.2% in February to $195,000, according to LPS Applied Analytics, with early data from the firm suggesting another flat increase of 0.3% in March.

How to Maximize Your Social Media Impact: Timing is Everything
The New York Times | May 10, 2012
Thanks to Bitly, the popular link-shortening service, we can add another tool to our arsenal of tricks to get noticed on social media.

Top 10 Turnaround Housing Markets
RealtorMag | May 10, 2012
Cities hardest hit by the foreclosure crisis are among some of the cities leading a housing recovery, Move Inc. reports in its Top Turnaround Town Report for May. (One state has 7 of the 10 spots and of the remaining three there is one city from the Northwest! ~Anthony)

Builder Buys Distressed Homes, Rents Them Out
RealtorMag | May 10, 2012
Builders have struggled to compete with distressed homes that sell at big discounts, so one major home builder has found a way it also can cash in on the discounts. (Good strategy or flawed?  It will be interesting to watch. ~Anthony)

In the backyard, Grandma’s New Apartment
The New York Times | May 1, 2012
When her father became ill just before Christmas last year, Dr. Socorrito Baez-Page faced an increasingly common conundrum. Her aging parents wanted to stay in their town house, but her mother couldn’t handle the caregiving alone.  (These look like they’d be a great solution for many folks.  The price tag isn’t cheap but the concept is great.  Check with your local zoning laws before you rush out and order one though! ~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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