Real Estate News Today 5-17-2012

17 May

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

Report: Sellers Boosted Prices in April
The Wall Street Journal | May 16, 2012
Median list prices rose by 0.7% in April from March to their highest level in nearly one year, even as the number of homes listed for sale stood at levels down nearly 19% from one year ago, according to a report released Wednesday.

US Housing Starts Rose to 717,000 in April
BusinessWeek | May 16, 2012
U.S. builders began work on more homes last month, evidence that the battered housing market is slowly healing.

Fed Officials Open to More Efforts to Stimulate Economy if Recovery Worsens
The Washington Post | May 16, 2012
Several members of the Federal Reserve’s policymaking committee said they would consider expanding efforts to stimulate the U.S. economy if threats to the recovery worsen, according to minutes of the panel’s April meeting.

CFPB To Mortgage Originators: We Hear Your Compensation Concerns
Reverse Mortgage Daily | May 16, 2012
The Consumer Financial Protection Bureau says it is listening to mortgage industry feedback in its loan originator compensation rule making. A federal official told industry members Tuesday that its recent rule making discussion is far from final, according to a report from National Mortgage News.

Mortgage Lenders Maneuver to Gain Market Share
HousingWire | May 16, 2012
Contrary to behavior by many of the too-big-to-fail financial institutions, other mortgage companies are expanding their origination lines to capture a bigger piece of the market.

HUD Studies Suggest Counseling Keeps Owners in Homes | May 16, 2012
Buying a home is the biggest financial investment many people will ever make. It’s also an investment that, in recent years, has become lost for millions. According to data from CoreLogic, since September 2008, there have been 3.5 million completed foreclosures.

Check out this interest rate graph and where 2012 interest rates are compared to the previous two years; 2012 is in red.  Wow.


Rates pic week of 051312


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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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