Real Estate News Today 6-1-2012

01 Jun


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


Facebook’s Menlo Park Sees Home Prices Jump As Inventory Shrinks
Bloomberg | May 30, 2012
Facebook Inc.’s Silicon Valley hometown has a limited supply of real estate available for its newly minted millionaires as sellers await further price gains in a market buoyed by growing wealth from technology businesses.


Is Home Ownership Still the American Dream?
RealtorMag | May 30, 2012
In the aftermath of the housing crisis, some analysts are questioning whether the public still considers home ownership to be part of the American dream.


Decision Points: Pay Off Your Mortgage Early or Hold Until Term?
Fox Business | May 31, 2012
Many homeowners dream of a life free of monthly mortgage payments. But for many of us, it will be years until we become free of this financial drain. However, certain measures can help to reduce the term of your mortgage, and allow you to pay off the loan early. Of course, this option is not for everyone, so here’s a brief outline of the pros and cons to help you decide.


Home prices are about more than housing
MarketWatch | May 31, 2012
The National Association of Realtors, real-estate websites CoreLogic and Trulia, and government agencies like the Federal Housing Finance Agency and the Commerce Department all report indexes covering real-estate values. The best known, the S&P/Case-Shiller home price index, reported Tuesday that home prices nationally fell 2.0% in the first quarter.


Riverstone to Report Resident Rental Payment History to Experian
MultiFamily Executive | May 31, 2012
Dallas-based Riverstone Residential Group announced Wednesday that all of its properties will now report resident payments to Experian RentBureau, a company that collects updated rental histories from property management companies every 24 hours and makes its rental history data available to other multifamily owners and managers.


Canadian Building Jobs Boom While U.S. Busts: Chart Of The Day
Bloomberg | May 31, 2012
Canadian construction employment is surging to a record amid public works projects, energy investment and homebuilding, even as U.S. building jobs fall to the least in more than 65 years.


Now Coveted: A Walkable, Convenient Place
The New York Times | May 25, 2012
Walking isn’t just good for you. It has become an indicator of your socioeconomic status.


Reading the tea leaves of housing data
Reuters | May 31, 2012
Mortgage rates are hitting new historic lows, but, contrary to conventional wisdom, pending home sales and mortgage applications have declined. At the same time, home prices are rising. And that’s just this month. With so much fluctuating data, how can home buyers possibly figure out whether it’s the right time to buy or sell?




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Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
SpokaneWA  99201
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