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Real Estate News Today 5-29-2012

29 May

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

Top Cities for Recent College Graduates
Ted C. Jones blog | May 29, 2012
What do you get when you cross information and statistics from www.careerbuilder.com (the largest online job site in the U.S.) and www.apartments.com  (a premier national online apartment guide and relocation resource) and then throw into the mix recent college graduates?   You get the fifth annual list of the best 15 cities for recent college graduates that combines data from job availability (and incomes) and rent costs. 

Housing Prices Show Signs of Stability
The Wall Street Journal | May 28, 2012
Good news for real-estate agents: In a recent Gallup poll of trustworthiness, they ranked higher than lawyers, a turnaround from a 2008 survey. And they continue to leave telemarketers, members of Congress and stockbrokers in the dust.

New-housing Numbers Indicate Market Goes Beyond Investors
Star-Telegram | May 28, 2012
For the latest sign of a U.S. housing rebound, Toll Brothers Chief Executive Douglas Yearley points to Hoboken, N.J.: A couple torn between two condos last month at the sales office for its Hudson Tea complex decided to think about it over lunch. When they returned an hour later, both units were gone.

After Housing Crash, Some Banks Become Landlords
St. Louis Post-Dispatch | May 28, 2012
Is the faucet leaking, or do you need to mail in a late rent check? You might just end up placing a call to your local bank.

Greece could decide fate of U.S. economy
The Philadelphia Inquirer | May 27, 2012
Will Greece exit the eurozone? Hard to believe, but the answer to this question could determine the fate of the U.S. economy this year. (This article -written by Moody’s chief economist Mark Zandi– brings the whole Greek question down to a level that my small mind can understand. ~Anthony)

Market Stabilizing? Home Inventories Fall by Nearly 20%
RealtorMag | May 25, 2012
Home inventories of for-sale listings continue to fall, which may help raise overall housing prices as demand picks up.  (Curious which northwest city lands at # 4 for falling inventory? ~Anthony) 

Commercial Real Estate Improves, Multifamily Strong
RealtorMag | May 25, 2012
Shaking off a prolonged impact from the recession, fundamentals are gradually improving in all of the major commercial real estate sectors, according to the National Association of REALTORS® quarterly commercial real estate forecast(Another northwest city makes the top 3 in the multifamily sector!  Nice! ~Anthony)

Golf Coach Dave Pelz’s Big Backyard
Wall Street Journal
Short-game golf coach Dave Pelz has created a 2½-acre home wonderland for practicing pitching, chipping and putting.  (Wow, this guy has more extra time and extra money than I can imagine.  ~Anthony)

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!

www.StewartSpokane.com

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