Real Estate News Today 5-21-2012

21 May

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

FHA Ready to Ease Rules for Mortgages on Condos
Boston Herald | May 20, 2012
The revisions could remove at least some of the obstacles that have dissuaded condominium homeowner association boards from seeking FHA approvals or recertifications of their buildings for FHA loans during the past 18 months.

JPMorgan’s Home-Loan Debt in Europe Increases Anxiety: Mortgages
Bloomberg | May 20, 2012
JPMorgan Chase & Co. (JPM)’s holdings of home-loan bonds from outside the U.S. soared 35-fold in the past three years. Now, with its chief investment office facing scrutiny after a $2 billion trading loss, investors are raising concern the European market’s biggest buyer will pull back.

Economists More Upbeat About Job Growth, Housing
USA Today | May 20, 2012
A new survey shows economists are growing slightly more optimistic about recovery in the job and housing markets but expect other pillars of the economy to remain weak.

Celebrity Sellers Have Little Effect on Home Prices
The Los Angeles Times | May 19, 2012
Their internationally recognized names sell music and movie tickets. They promote perfumes and presidents. But when it comes to selling their own houses, celebrities often find that their cachet doesn’t pull in the cash.

Commercial Real Estate Follows Economy Into Recovery
RealtorMag | May 18, 2012
In his remarks yesterday at the Commercial Business Trends Forum during the Midyear Legislative Meetings & Trade Expo in Washington, D.C., NAR Chief Economist Lawrence Yun sounded a cautiously optimistic note regarding the state of the commercial real estate market.

Dearth of affordable rentals cause for concern, housing experts say
HousingWire | May 18, 2012
If a more renter-centric economy is the solution to America’s housing woes, policymakers and developers will have to tackle two issues first — falling incomes and rising rents, housing experts say.

BofA Offering Up to $30K in Relocation Assistance for Short Sales | May 18, 2012
Just days after Bank of America officially announced its nationwide program offering up to $30,000 in relocation assistance for short sales, a Massachusetts-based real estate company revealed in a blog that one of its clients was approved to receive $10,000.


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Stewart Title of Spokane
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Spokane, WA 99201
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