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Real Estate News Today 5-23-2012

23 May

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

What Homeowners Have to Disclose to Sellers
Fox Business | May 23, 2012
When it comes to certain issues or events in a home, not everything can be swept under the rug.  (If you are looking for an exhaustive list, this is not it.  However, this does a fair job of showing consumers that for the most part, no matter what state they are in, the sellers need to disclose certain property conditions. Interestingly, there are three states where NO disclosure is required by law. ~Anthony)

Large Investors Swim on Their Own
The Wall Street Journal | May 22, 2012
Put off by high fees and disappointing performance of so-called pooled funds, major institutions are building in-house real-estate investment divisions to acquire property directly.

Senators Seek to Remove Bankers From 12 Regional Fed Boards
Bloomberg | May 22, 2012
U.S. Senators Bernie Sanders, Barbara Boxer and Mark Begich introduced legislation today that would remove banking industry executives from the 12 regional Fed banks’ boards of directors.

CBO Report Says ‘Taxmageddon’ Would Throw U.S. Back Into Recession
The Washington Post | May 22, 2012
With tax hikes and spending cuts set to take effect in Jan., economy is likely to contract in first half of 2013.

Refinancing Now: Lower Rates, Fees Coming Soon
CNBC | May 23, 2012
The government is about to make refinancing FHA mortgages more affordable — and potentially easier — for hundreds of thousands of homeowners.

Facebook’s Overnight Millionaires Begin Lavish Spending Spree
Fox Business | May 18, 2012
Facebook’s $104 billion initial public offering on Friday transformed thousands of young people into instant millionaires – as well as a few billionaires – and already the booming luxury market in Silicon Valley is experiencing an upswing.

April Existing Home Sales Up 10 Percent Year-Over-Year – Median Home Price Up 10.1 Percent Year-Over-Year – Yee Haw!
Ted C. Jones Blog | May 23, 2012
As I had written earlier this year, the U.S. housing market is finally turning the corner—and that is amplified in the release of April existing housing sales and prices from the National Association of Realtors®.

Real Estate Executive Attacked With Samurai Sword
RealtorMag | May 22, 2012
The president of a Japanese real estate company was brutally attacked late last week when a man entered his office wielding a samurai sword.

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
acarollo@stewart.com

 

Please remember to choose Stewart Title of Spokane on your next transaction!

 

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