Real Estate News Today 5-30-2012

30 May

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

Largest March to April Listing Price Increase – And Year-Over-Year Listings Dropped in 141 of 146 Metros
Ted C. Jones Blog | May 30, 2012, which has more than 4.2 million active residential listings, each month tallies the top 10 metros for the largest increase in median listing price.  Changes in asking prices are typically correlated with changing market conditions, and once again these indicate a recovering housing market.

Does Case-Shiller Show a Market Bottoming Out?
The Wall Street Journal | May 29, 2012
Tuesday’s S&P/Case-Shiller home-price indexes show a market in which U.S. home prices are still falling, but not as dramatically as in previous months. (Here is a related article:
Home Prices Hit New Lows in 5 Cities from The Washington Post ~Anthony)

Getting the Best Refinancing Deal
The Wall Street Journal | May 25, 2012
There has never been a better time to refinance your mortgage. Rates are at record lows. The government is devising new programs to help homeowners. The economy and job market are improving, albeit slowly.

City Law Freezes Foreclosures in Washington DC
HousingWire | May 29, 2012
The Washington, D.C. foreclosure system remains frozen 18 months after the city council passed a law that made it possible to void a future filing.

Expiring Mortgage Debt Relief Act Fuels Strategic Default: Survey | May 29, 2012
A foreclosure prevention agency found that the pending expiration of the Mortgage Debt Relief Act of 2007 is prompting struggling homeowners to strategically default on their loan.

DEBUNKED: Walmart Does Not Make Your Home Value Go Down
Business Insider | May 29, 2012
Wal-Mart opponents have long claimed that the store lowers home values in the surrounding area. The argument is that the bright lights, traffic and pollution a Walmart brings hurts the neighborhood. (Whether you are a fan of Walmart or not, you have to admit they are huge: 16 Facts About Walmart That Will Blow Your Mind from Business Insider ~Anthony)

Gunman Holds Brokerage Hostage
RealtorMag | May 29, 2012
A gunman held several real estate professionals hostage at Prudential Executive Group Real Estate office in Valparaiso, Ind., on Friday in a stand-off with police, before the gunman ended up shooting and killing himself, police said. 

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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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