Real Estate News Today 6-6-2012

06 Jun

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

North Spokane Corridor Reaches Major Milestone
GSI Blog | June 5, 2012
A semi-truck traveling from, say, Grand Forks, British Columbia needing to get to the Hillyard area of Spokane, will soon be able to do so without seeing a stoplight between Deer Park and Francis Avenue. (This will be great for Spokane! ~Anthony)

Census Releases 2011 Housing Characteristics
HousingWire | June 5, 2012
The US Census Bureau released their report “Characteristics of New Housing” for the year 2011. While conventional mortgages hit an all-time low (percentage wise) in 2010 and FHA-backed mortgages hit an all-time high, those numbers moved a little closer to normal in 2011. (See the graph in the last articel below. ~Anthony)

Home Prices Gained in April: CoreLogic
Reuters | June 5, 2012
CoreLogic’s home price index rose 2.2 percent in April from the previous month and gained 1.1 percent from the year before.

Fannie Mae Announces New CEO
The Washington Post | June 5, 2012
For Timothy J. Mayopoulos, the promotion comes with an odd twist: a significant pay cut.

Google Beefs Up Its Mobile Docs With QuickOffice Purchase
Los Angeles Times | June 5, 2012
Google is adding some weight to its Google Docs team by purchasing Quickoffice, a startup that developed a suite of mobile apps that are essentially clones of Microsoft Office.

Redfin: Homebuyers think the market is beginning to favor sellers
HousingWire | June 4, 2012
While homebuyers are hitting the pavement looking for a home, real estate broker Redfin concluded in a new survey that 49% of buyers believe it’s a good time to shop for real estate, down from 56% in the first quarter.

Five Cheap Tip to Boost Your Home’s Value
Fox Business | June 5, 2012
Here are five inexpensive ways to increase the value of your home for sale. With home prices falling again, it might be foolish to spend thousands on a new kitchen or bath. Instead, say veteran real estate agents, you can wow buyers by using a few household cleaners, generous amounts of elbow grease and some thoughtful staging. (All easy stuff, but do you agree with what they say?  Are there obvious tips that they missed? ~Anthony)

New Single Family Homes: 2011 vs 2006
The KCM Blog June 6, 2012
The Census Bureau just released their findings on new single family residential construction built in 2011. (This blog post is a simple table that looks at 2011 as compared to 2006.  Noteworthy to me: square footage was a surprise, the average sales price drop was not as much as I would have expected, and not much else was surprising but rather affirmation of what we already knew. Your thoughts? ~Anthony)

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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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