Real Estate News Today 5-14-2012

14 May

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

Is Now the Time to Buy Your First House?
The Wall Street Journal | May 13, 2012
Yes, says RBC Global’s Eric Lascelles, who believes homes are more affordable than they’ve been in quite a while. No, says economic consultant A. Gary Shilling, who contends that home prices have 20% or more to drop before they hit bottom. (Check out this one and tell me which side you fall on?  Buy or wait? )

Lenders are Using a Variety of Tools to Prevent Mortgage Fraud
The Los Angeles Times | May 13, 2012
Websites and other tools can help nab fibbers who just want to buy a house, as well as out-and-out perjurers looking to bilk lenders out of hundreds of thousands of dollars.

Letting China Bank Buy U.S. Lender is Questioned
Seattle Times | May 13, 2012
A decision to let Chinese banks acquire U.S. lenders marks the first time that regulators have allowed a Chinese bank to buy a majority stake in a U.S. depository institution, and at least one senator is concerned.

Hedge Funds Are Shadow Banks in Need of Regulation, Bafin Says
BusinessWeek | May 13, 2012
Hedge funds act as shadow banks and should be added to the list of organizations in need of regulation, according to Raimund Roeseler, head of banking supervision at Germany’s financial regulator Bafin.

Take the Great Estate Challenge
The Wall Street Journal | May 13, 2012
Test your knowledge of luxury homes featured in The Wall Street Journal.

LPS: Home Prices in February Edge Upward
HousingWire | May 11, 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.

The Top 10 Rookie Mistakes for Entrepreneurs
The New York Times | May 9, 2012
In sports, you are a rookie for one year. In entrepreneurship, it can last many years.

Double-Digit Price Increases Coming Soon?
RealtorMag | May 11, 2012
Home buyers and sellers need to get ready to pounce. Hard-hit housing markets are on the road to recovery and expected to see major price gains soon.  (Take a look at the CNNMoney article this one was based on.  It has matrix to pull from based on metro areas – and check out ‘ol Spokane!!  This appreciation would be terrific if it came through. ~Anthony)

Conditions improve in commercial real estate, but confidence is fleeting
HousingWire | May 11, 2012
Conditions in the commercial real estate sector improved in the first quarter, but investors and executives are worried about some of the commercial mortgages set to mature in the coming year and the market’s general lack of interest in sub-A real estate assets, real estate executives said.

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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