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Real Estate News Today 6-22-2012

22 Jun

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

Larry Ellison to Buy Island in Hawaii
The Wall Street Journal | June 21, 2012
Larry Ellison, the billionaire chief executive of Oracle Corp., was identified Wednesday as the buyer of the bulk of the Hawaiian island of Lanai. 

McMansion Creep: Homes Rising in Size
The Wall Street Journal | June 21, 2012
Big homes are back in style. That’s the headline from the American Institute of Architects‘ first-quarter Home Design Trends Survey.

Bidders Get Feisty Over Foreclosed Homes
NPR | June 21, 2012
For-sale homes in California are sparse, even in areas with high foreclosure rates. It has led to buyers like Jennifer Bryant, who is willing to throw money at just about anyone willing to sell her a house.

Home Sales Report Brings Mixed News
The Washington Post | June 21, 2012
The nation’s fledgling housing recovery, if you can call it that, has bumbled along in fits and starts, each step forward usually followed by a step backward, each piece of good news littered with caveats.

Courting the Chinese Buyer
The Wall Street Journal | June 21, 2012
Buyers from China are pouring billions into residential property—and developers are courting them with everything from feng shui to lucky numbers.

Fannie, Freddie Ease Short-Sale Rules For Military
The Wall Street Journal | June 21, 2012
Fannie Mae and Freddie Mac have agreed to allow military members who are ordered to switch bases and who are still current on their mortgages to sell their homes through a short sale — one in which the homeowner sells the home for less than the outstanding mortgage amount.

Regulators Set Foreclosure Compensation
The Wall Street Journal | June 21, 2012

U.S. bank regulators said banks could be forced to pay up to $125,000 per customer to compensate borrowers who were subject to foreclosure-processing errors. 

White House threatens to veto HUD budget cuts
HousingWire | June 21, 2012
The Obama administration said it would veto a bill that would cut the Department of Housing and Urban Development budget by $3.9 billion from last year.

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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