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Real Estate News Today 6-25-2012

25 Jun

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

Low Appraisals That Don’t Reflect Rising Markets are Ruining Deals
Los Angeles Times | June 24, 2012
Real estate professionals say appraisals sometimes come in thousands of dollars below the price that home buyers and sellers have agreed upon. (A timely article considering the appraisal discussion we’ve been having. ~Anthony)

Senate Set to Approve Flood Insurance Bill
The Hill | June 23, 2012
After years of delay, the problems plaguing a bill to reauthorize the National Flood Insurance Program are receding.

Housing Experts Offer Ideas on the New Normal in Wake of Downturn
Los Angeles Times | June 22, 2012
What’s considered normal in light of the housing downturn? Home price appreciation of 3% to 5%, 1.6 million household formations a year, and a 65% homeownership rate, according to three economists who offered their housing outlooks Friday at the annual National Assn. of Real Estate Editors conference.

Insight: Wells Fargo’s Mushrooming Mortgage Risk
Reuters | June 22, 2012
The new center of U.S. mortgage lending is a nondescript office building in the American heartland, far from the California subprime lenders and the New York investment banks that drove the housing market into a bust.

Can the Economy Get Healthy Without a Housing Recovery?
Time | June 25, 2012
This spring has been filled with disappointing economic news, but one bright spot has been the possible bottoming out of the housing market.

Tax Rules for Renting Out Your Vacation Home
The Wall Street Journal | June 23, 2012
The tax treatment of summer-home rental income is more complicated than you might expect. Here’s what you need to know. 

More Agents Encounter the Unexpected in Showings
RealtorMag | June 22, 2012
More real estate professionals say they are getting an unexpected surprise when they arrive at foreclosed homes: The homes aren’t really vacant. Squatters are living there and it’s led to some awkward — and even dangerous — encounters, they say. 

Small REO-to-rental investors need financing
HousingWire
In developing strategies for neighborhood stabilization, two issues predominate: the growing need for affordable rental housing and returning vacant foreclosed properties to productive use. At the confluence of these discussions are policy ideas such as REO-to-rental strategies that would convert the inventory of foreclosed properties into affordable rental housing.

How to Use a Self-Directed IRA to Buy Real Estate
Fox Business | May 8, 2012
Difficult economic times have spurred non-traditional methods to save for retirement, and many people are using a self-directed IRA to purchase non-traded assets like real estate. (If you have buyers who would like to buy investment property using their IRA but are not sure how to put it together, this article is a good start. ~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
acarollo@stewart.com

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

www.StewartSpokane.com

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