Today’s Real Estate News 6-20-2012

20 Jun

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

Multifamily Property Values Rise 25%: Freddie Mac
HousingWire | June 19, 2012
After reaching their trough in the first quarter of 2010, multifamily property values rose 25% over the course of the past two years, Freddie Mac said Tuesday.

The Myth of the National Housing Market
The Wall Street Journal | June 19, 2012
The housing boom and bust gave rise to the myth of a “national” housing market. After all, prices rose in almost every part of the country until 2006, when they began dropping from coast to coast.

Builder Buys Big Southern California Development Site
The Wall Street Journal | June 19, 2012
Luxury builder Toll Bros. Tuesday closed on a massive swath of land in Orange County, Calif., a market that appears to be rebounding from the housing crash.

Fed Expected to do More Stimulus
The Washington Post | June 19, 2012
Central bank is expected to extend “Operation Twist” program that would lower long-term interest rates.

Violent crime reduction equals billions in home value gains
HousingWire | June 19, 2012
A 10% reduction in violent crimes could result in billions of dollars in home price appreciation for several major cities, according to a study from the Center for American Progress. (Is it the reduction in crime that increases home values, or is it the increase in home-ownership that accomplishes both a reduction in crime and an increase in value? ~Anthony)

Watch for more on the ongoing appraisal discussion tomorrow!

IAnthony 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

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

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Posted by on June 20, 2012 in Real Estate news


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