Real Estate News Today 5-22-2012

22 May

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

Prices for Existing Homes See Strongest Gains in Six Years
The | May 22, 2012
Existing-home sales rose to 4.62 million at a seasonally adjusted annual rate in April from a downwardly revised March rate of 4.47 million, the National Association of Realtors (NAR) said Tuesday. Economists had forecast the April sales pace would be 4.66 million. (Breaking news this morning!)

Housing Starts: The Problem with the Government’s Numbers
The Washington Post | May 22, 2012
The government’s monthly report on housing starts, a widely watched indicator of the nation’s economic health, turns out to have some problems. (What an enlightening article!  I was genuinely surprised by this one. ~Anthony)

HUD Multifamily Handbook to Get Update After 20 Years
HousingWire | May 21, 2012
A crucial handbook that provides general guidance for tasks associated with the Department of Housing and Urban Development involvement in multifamily projects will be revised by October.

Why This May Be the Ideal Time to Buy Real Estate
TIME | May 21, 2012
Well, it’s only taken half a decade, but the moribund real estate market is finally starting to show signs of life. If you were thinking about making a move on a piece of property, right now is possibly the best time.

A New Home For Computer Screens: The Face
The Wall Street Journal | May 21, 2012
The rise of Internet-connected smartphones and advances in display-projection technology are accelerating the development of devices that overlay digital images atop a person’s view of the physical world.

BofA Chief Says Dimon Will Do What’s Needed To Cap Losses
Bloomberg | May 21, 2012
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has the experience needed to manage the fallout from trading losses, and market disruptions haven’t been serious, Bank of America Corp. CEO Brian T. Moynihan said today.

Today we have two different views on home price bidding wars.  What has been your experience?  I’d love to hear it at

House price bidding wars are not making a comeback
HousingWire | May 21, 2012
If you’ve been following real estate news, there are many headlines claiming the price bidding wars are back and buyers are shocked to find themselves competing with other bidders to acquire distressed real estate at reasonable prices. Well, consider this blog post a dose of reality.

Prices Fall in April, 2-3 Bids Per Property: HousingPulse Survey | May 21, 2012
If the buzz about bidding wars is true, Campbell/Inside Mortgage Finance HousingPulse Tracking Survey reported those accounts did not boost prices in its findings.



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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