RSS

Monthly Archives: June 2012

Real Estate News Today 6-15-2012


Check out and LIKE us on Facebook to follow other industry news!  Facebook

A Happy Father’s Day to all of you amazing Dads out there!  Keep investing time and energy into your kids and grandkids.

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

Sheila Bair tackles the European debt crisis, Jamie Dimon and regulators – Fast Forward
Reuters | June 14, 2012
Sheila Bair, the former FDIC chairwoman who heads the newly formed Systemic Risk Council, explores whether U.S. banks can handle the European banking crisis and whether the attention on JPMorgan‘s trading loss is distracting regulators from a looming crisis. (This is a video worth watching, though I must admit to being distracted by the employee that keeps checking her cell phone for text messages in the background.  ~Anthony)

Market Hinges on Sustained Increase in Employment: Harvard Study
DS News | June 14, 2012
Sales are down, then they’re up. Home prices are up, then they’ve fallen. Clearly, it has been an unstable journey for the housing market, with hopeful reports dashed by disappointing data a month later.

Foreclosure Spike Is Positive Sign For Housing
CNBC | June 14, 2012
Foreclosure starts, the first phase of the process, rose 9 percent in May month-to-month, the first increase in over two years, according to a new report from RealtyTrac. Bad news, right? Only if you are the one losing your home.

Housing Market Shows Hints of Recovery, but Economic Troubles Remain
The Washington Post | June 14, 2012
A growing body of data in recent months has suggested that better days are on the horizon for the nation’s battered housing market, though it remains clear that a turnaround won’t come quickly.

Foreign Buyers Rush to Prop Up U.S. Housing Market: NAR
The MReport.com | June 14, 2012
The combination of low housing prices and the comparative weakness of the dollar continues to push foreign buyers to the United States, raising international home sales to $82.4 billion up from $66.4 billion last year, according to the National Association of Realtors (NAR) 2012 Profile of International Home Buying Activity.

Multifamily Attracting Foreign Investors
RealtorMag | June 14, 2012
Though it’s a good time to buy a house considering the rock-bottom prices and interest rates, strict lending guidelines are driving more would-be home owners to go the rental route. Enter overseas investors, who are well aware of the rising need for rental units and the low number of vacancies nationwide. These properties are drawing attention from investors across the globe, industry insiders say.

Meet Agent X: The man who rappelled down a cliff to sell a house
HousingWire | June 15, 2012
The Agent X awards ceremony at REO Expo provided a $100,000 marketing package from HousingWire. And, believe me, our winner’s unique story truly deserved it.

Regarding my “inventory/activity” question from yesterday, I got this response: “The market activity has picked up which means sellers are asking a little more for their homes  and maybe even getting offers that reflect higher prices—-BUT the appraisers are using comparables of 3-6 months ago when the prices were still distressed and deals are falling apart all over the place because sellers feel they can wait to sell and get their price.” 

Agree or disagree?  Let me know. ~Anthony


Anthony Carollo 2007 EMAIL  

Join My List

Find me on:     LinkedIn     Twitter     Facebook

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

 

Tags: , , , , , , ,

Real Estate News Today 6-14-2012


Check out and LIKE us on Facebook to follow other industry news!  Facebook

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

Foreclosures Up for First Time in 27 Months
Reuters | June 14, 2012
Foreclosure starts rose year-over-year in May for the first time in more than two years – though they fell on a month-to-month basis – as banks resumed dealing with distressed properties after a mortgage abuse settlement earlier this year, data firm RealtyTrac said on Thursday.

Short-sale Fraud a Problem for Investors, Mortgage Servicer Says
HousingWire | June 13, 2012
More effort should be made to prevent short-sale fraud so that investor returns are maximized, said Gagan Sharma, chief executive of Titusville, Pa.-based servicer BSI Financial.

Housing Shows Glimmers of Hope
Chicago Tribune | June 14, 2012
Though some might consider it one of those “when pigs fly” moments, homebuilders have begun raising their prices.

Housing Recovery Seen; Will Credit Be The Spoiler?
NPR | June 13, 2012
Amid all the economic uncertainty over the credit crisis in Europe and slow job growth in the U.S., one sector may be looking up. The U.S. housing market is finally showing more signs of recovery, according to a report being released Thursday by Harvard University.

Americans See Biggest Home Equity Jump in 60 Years: Mortgages
Bloomberg | June 14, 2012
Home equity in the first quarter rose to the highest level since 2008 as homeowners taking advantage of record-low borrowing costs to refinance their loans brought cash to the table to pay down principal.

Housing Prices May Soon Start to Increase
The Boston Globe | June 13, 2012
Harvard center forecasts uptick across country.

U.S, economic outlook darkens ahead of vote
Reuters | June 13, 2012
The U.S. elections in November will be contested against the backdrop of an economy growing more slowly and creating fewer jobs than thought only a month ago, a Reuters poll of economists suggests.

Can Eminent Domain be Used to Take Over Mortgages
RealtorMag | June 13, 2012
In a controversial move, a mortgage firm on the West Coast is pushing lawmakers in California and other states to use eminent domain to take over underwater mortgages. Eminent domain is a power that can be used by government to get a court order to seize property — not loans — for the public’s interest, like to extend a highway or construct a school. (One can only imagine the repercussions if this were to be allowed. ~Anthony)

Inventory of For-Sale Homes Falls 20% From Year Ago
RealtorMag | June 13, 2012
The number of homes on the market continues to become a shrinking pool. Inventory of for-sale single-family homes, condos, townhomes, and co-ops dropped 20 percent in May compared to year-ago levels, according to data from REALTOR.com of 146 markets.

Realtors: Where’s the data?  Is our local inventory up or down?  Listing prices?  Closed sales prices?  What is YOUR market doing?

 Anthony Carollo 2007 EMAIL  


Join My List 

Find me on:     LinkedIn     Twitter     Facebook

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

 
2 Comments

Posted by on June 14, 2012 in Real Estate news

 

Tags: , , , , , , ,

Real Estate News Today 6-13-2012


Check out and LIKE us on Facebook to follow other industry news!  Facebook

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

New Mortgages 20% More Likely to Default than Those from the ’90s
DSNews.com | June 12, 2012
Investors and lenders should expect loans currently originated to have a 20 percent higher chance of default than those originated in the ’90s due to current economic conditions, according to the University Financial Associates (UFA). (Keeping in mind that this is only one firm’s position, it does seem to me that the US homebuyer’s mindset has turned a corner. It used to be that foreclosure normally only happened to those folks that couldn’t afford their house payment.  ‘Strategic default’ is a now socially acceptable option if things get tight. This adds a whole new segment of consumers who will be foreclosed upon in the future.  ~Anthony)

Shortage of homes for sale creates fierce competition
Los Angeles Times | June 10, 2012
The newest problem for the slowly improving housing market isn’t a shortage of serious buyers, it’s a shortage of good homes.

Landlords Cash in on Higher Demand
RealtorMag | June 12, 2012
Taking advantage of an increase in home owners-turned-tenants, apartment landlords are raising their rents and expect to continue to do so.

Rental Market Still Tightening: Moody’s
DSNews.com | June 12, 2012
With vacancies declining and rental prices rising, the climate in the housing industry is clearly warming up to rental properties.

Wells Fargo to limit FHA Streamline participation
HousingWire | June 12, 2012
Wells Fargo will only accept new streamlined refinancing on Federal Housing Administration mortgages serviced in-house beginning June 19, according to an alert sent to lenders Tuesday.

US GDP – Not As Pretty As Otherwise Indicated
Ted C. Jones Blog | June 11, 2012
If you looked at the basic U.S. Gross Domestic Product (GDP) numbers, you would conclude that the U.S. is gaining economic ground. 

Trade Group to Call for CFPB Official to Resign After Remarks
DSNews.com | June 12, 2012
Sparking indignation in the mortgage broker community, Raj Date, deputy director of the Consumer Financial Protection Bureau laid the bulk of the blame for the housing crisis on brokers during a speaking engagement Monday. His statements have led at least one industry trade group to call for his resignation. (I know lots of really good and honest mortgage brokers who helped many, many of consumers. Like many industries, there was a segment that took advantage of some consumers and gave the others a bad name. ~Anthony)

Endless QE? $6 Trillion and Counting
Reuters | June 13, 2012
Many more years of money printing from the world’s big four central banks now looks destined to add to the $6 trillion already created since 2008 and may transform the relationship between the once fiercely-independent banks and governments.
 

Anthony Carollo 2007 EMAIL  

Join My List

Find me on:     LinkedIn     Twitter     Facebook

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

 
Leave a comment

Posted by on June 13, 2012 in Real Estate news

 

Tags: , , , , , , ,

Real Estate News 6-12-2012


Check out and LIKE us on Facebook to follow other industry news!  Facebook

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

Court Unlikely to Favor Homeowner in Florida Foreclosure Case: Moody’s
DS News | June 11, 2012
If a lender produces a fraudulent document when attempting to foreclose on a borrower, should lenders be able to voluntarily dismiss the foreclosure then re-file the case after fixing the error?

FHFA Plans Extensive Monitoring of First REO-to-rental Transaction
HousingWire | June 11, 2012
The Federal Housing Finance Agency will methodically analyze several pieces of the first REO-to-rental transaction, including how much it should monitor investor compliance to certain rules.

Home Refinancing Boosts Florida, Nevada: Economy
Bloomberg | June 11, 2012
Harold Fuller said he’s planning a cruise with his wife to Bermuda, their first vacation in two years, after cutting his mortgage payments by $400 a month after refinancing their $212,000 home in Apopka, Florida.

Positives of Negative Equity on Home Prices: CoreLogic
DS News | June 11, 2012
Declines in the share of REO properties and in the months’ supply of unsold inventory are all leading to a revival in home prices, and these drops are being driven, in part, by negative equity, CoreLogic concluded in a report. (Interesting dynamic at work here. ~Anthony)

Real Estate: FHA streamline refinance gets cheaper for homeowners
San Jose Mercury News | May 25, 2012
The government is about to make refinancing FHA mortgages more affordable — and potentially easier — for hundreds of thousands of homeowners. (FHA fees went down effective yesterday for cetain folks. Talk with your local FHA lender to see if you qualify to refinance. ~Anthony) 

FHA Hopes Bulk Sales Will Curb Foreclosures
RealtorMag | June 11, 2012
The Federal Housing Administration announced it will begin selling off distressed mortgages in bulk, which may help prevent foreclosures for thousands of home owners. Beginning in September, FHA says it hopes to sell 5,000 mortgages each quarter. 

And in the “Just for Fun” category today, we offer you:

What not to say when pulled over by a cop
MarketWatch | September 10, 2012
In what he calls an “educational video” that’s widely circulated on YouTube, comedian Chris Rock offers advice on what to do when you get pulled over for a traffic violation. (Watch the 20MPH zones in the City of Spokane as city pools open on June 18th. ~Anthony)

Anthony Carollo 2007 EMAIL

Join My List

Find me on:     LinkedIn     Twitter     Facebook

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

 
Leave a comment

Posted by on June 12, 2012 in Real Estate news

 

Tags: , , , , , , ,

Real Estate News Today 6-11-2012


Check out and LIKE us on Facebook to follow other industry news!  Facebook

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

Fitch Throws Warning Shot On U.S. Debt
The Wall Street Journal | June 7, 2012
While investors are closely following every whiff that comes out of Bernanke’s mouth, Fitch Ratings just offered a stern warning to U.S. policy makers: Get your acts together, or else.

Realogy parent company plans $1 billion IPO
HousingWire | June 8, 2012
Realogy Corp.’s parent company, Domus Holdings, which operates Century 21 and Coldwell Banker, filed to raise as much as $1 billion in an initial public offering in order to shed its heavy debt.

U.S. Government to Offer Troubled Mortgages for Sale
Reuters | June 9, 2012
The U.S. Federal Housing Administration on Friday announced plans to sell off thousands of severely delinquent loans in an effort to protect its dwindling capital and improve the chances more troubled borrowers avoid foreclosure.

IRR: Down Payment Biggest Obstacle to Homeownership
DS News | June 8, 2012
Feelings about homeownership remain positive in the face of a diminished market, but an uncertain economy and increasing down payments are keeping Americans from making purchases, a report from Integra Realty Resources (IRR) said.

Shortage of Homes for Sale Creates Fierce Competition
Los Angeles Times | June 10, 2012
With housing inventory at a low, would-be buyers are scrambling to bid on homes before they’re even listed, and real estate agents are vying to represent the few sellers that do exist.

Unfamiliar Feeling for Housing: Optimism
The Seattle Times | June 8, 2012
The growing number of prospective buyers showing up at open houses and calling to inquire about listings has translated into sales.

This Family’s Nightmare Shows Why Foreclosure Auctions Are Such A Gamble
Business Insider | June 8, 2012
A mistaken bid on an online foreclosure auction site could cost not one but two families their homes.

U.S. Household Net Worth Grows as Debt Shrinks: Fed
DSNews.com | June 8, 2012
Household net worth increased in the first quarter of 2012 due to gains in the stock market, while household debt declined, according to the 2012 first quarter “Flow of Funds” report released by the Federal Reserve Thursday.

Anthony Carollo 2007 EMAIL  

Join My List

Find me on:     LinkedIn     Twitter     Facebook

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

 

Tags: , , , , , , ,

Real Estate News 6-8-2012


Check out and LIKE us on Facebook to follow other industry news!  Facebook

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

Fed Chairman Warns Congress of ‘Fiscal Cliff’ Risks
The Los Angeles Times | June 7, 2012
Fears of a new recession grow as Bush-era tax cuts are set to expire Dec. 31 and automatic spending cuts are set to follow.

U.S. Homes Actually Got Bigger During Ugly 2011
CNBC | June 7, 2012
For the first time in four years, the size of the average new American house increased slightly in 2011 -– to 2,480 square feet from 2,392 square feet in 2010, according to new figures from the Census Bureau.  (I have a friend who was in the big builder business for years that made this argument a few years ago: The reason the average home size was shrinking was NOT that most Americans wanted a smaller home.  It was simply that the average buyer could afford less than they used to.  That seems to be proving true in that as the economy slowly recovers, the average home size is now increasing.  Thanks Larry! ~Anthony)

In New Meetings with CFPB, Mortgage Lenders Find More Questions than Answers
Reverse Mortgage Daily | June 7, 2012
Mortgage industry representatives have been meeting with CFPB officials to talk about uncertainties and concerns regarding the CFPB’s plans to establish new loan originator compensation rules.

Millions of LinkedIn Passwords Reportedly Leaked Online
CNET June 6, 2012
A user in a Russian forum says that he has hacked and uploaded almost 6.5 million LinkedIn passwords.

CoreLogic: Nearly 4 Million Homes at Risk for Storm Surge Damage
DSNews | June 7, 2012
CoreLogic’s third annual Storm Surge Report, released Thursday, showed that just over four million homes in the United States are at risk of hurricane-driven storm surge damage.

Google Launches 3D Maps to Stay Ahead of Apple
The Wall Street Journal | June 6, 2012
Google unveiled an expansion of its Google Maps and Google Earth services-including 3-dimensional maps-in a move that ups the ante ahead of an anticipated new mapping service from rival Apple.

REO Price Increases Bode Well for Overall Market
RealtorMag | June 7, 2012
Recent price increases with bank-owned homes are helping to provide an overall boost to the housing market, a recent report from Clear Capital says. 

For those of you that have asked what you can do for the Erickson family: 

Donations for the Erickson family can now be deposited at Washington Trust Bank or made in the name of:
The Jay and Katrina Erickson Memorial Fund
c/o Stewart Title
606 W. 3rd Ave
Spokane, WA 99201

 

Please pass this along to anyone you think may be interested. 

 

The grandparents are now at the Chitokoloki Mission Hospital in Zambia picking up the two little girsl to bring them back to the US.  The president of Zambia declared a day of mourning for the Ericksons and thousands of people from all over Zambia attended the funeral.  There are lots of updates and pictures on the site.

Marina_Coral  

 

Join My List

 

Find me on:     LinkedIn     Twitter     Facebook

 

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

 

 
Leave a comment

Posted by on June 8, 2012 in Real Estate news

 

Tags: , , , , , , ,

Real Estate News Today 6-7-2012


Check out and LIKE us on Facebook to follow other industry news!  Facebook

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

5 of the Most Frequent Consumer Complaints
Yahoo! Finance | June 6, 2012
Have you been unhappy with your bank in the past year? Or gotten an unpleasant call from a debt collector? You’re not alone.

Shortening Loan Terms
The New York Times | June 1, 2012
Low interest rates are making it easier for homeowners to reduce their mortgage payoff times considerably.

Home Rentals — The New American Dream?
USA Today | June 6, 2012
Unlike traditional apartment renters, this breed of American tenants are older and have kids, U.S. Census Bureau data indicate.

Tale of Two Markets: No Downturn in Megahome Sales
MSNBC | June 5, 2012
The real-estate market is splitting in two, with wealthy buyers driving stronger growth at the top while the rest of the market continues to struggle.

Hispanic Home Buyers On The Rise
Forbes | May 31, 2012
For Hispanic Americans, a mega-boom in homeownership is revving up.

New Value for Land in Rural Ohio
The New York Times | June 5, 2012
The energy boom has swept into the rural counties of the upper Ohio River Valley, producing a torrent of investment in mineral leasing that is jolting the economies of small towns and swelling the bank accounts of some working-class families.

Probe Widens Into Mortgage Lenders
The Wall Street Journal | June 6, 2012
Federal officials are broadening their investigations of mortgage lenders that use a popular federally backed mortgage program, a move that could force more banks to pick up some of the rising tab for losses at the Federal Housing Administration.

Americans Cling to Jobs as U.S. Workforce Dynamism Fades
Bloomberg | June 7, 2012
After 4 1/2 months of meetings, interviews and hand-holding, personnel recruiter William Rowe thought he had sealed the deal. The senior executive of a major corporation Rowe had been courting finally agreed to take a top post at a venture capital- backed technology firm in California. Then four days after giving notice, the mid-to-late 40-year-old executive had second thoughts about leaving the security of his company and returned to his old job.

Anthony Carollo 2007 EMAIL  

Join My List

Find me on:     LinkedIn     Twitter     Facebook

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

 

Tags: , , , , , , ,

Real Estate News Today 6-6-2012


Check out and LIKE us on Facebook to follow other industry news!  Facebook

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)

Anthony Carollo 2007 EMAIL  

Join My List

Find me on:     LinkedIn     Twitter     Facebook

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

 

Tags: , , , , , , ,

Real Estate News Today 6-5-2012


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

Survey: Buyers Frustrated by Low Inventory, Rising Prices
The Wall Street Journal | June 4, 2012
Active home buyers are increasingly concerned about rising prices, prompting a growing number to slow down their purchase plans, according to a new survey.

Home-Price Scorecard: A Turning Market, But Which Way?
The Wall Street Journal | June 4, 2012
The latest price scorecard raises the question of whether a real or false spring is under way.

7 Metros With Largest Median Price Gains
REALTOR Mag | June 4, 2012
Several metro areas are seeing home prices rebounding in the last year.

Forget ‘If I Had a Million Dollars.’ I Want $3M!
Fox Business | June 4, 2012
If you think you’ll need $1 million to retire, you’d better make it $3 million.

Outlook for US Economy Darkens After Disappointing Reports on Hiring, Housing and Factories
The Washington Post | June 5, 2012
Faced with a fizzling job market, many economists have turned more pessimistic and no longer think U.S. economic growth will accelerate later this year.

New Home Sales – The BIG story is Mnimal Inventory, The Lowest in a Decade
Ted C. Jones Blog | May 31, 2012
The new home sales numbers look like the profile of a double black diamond ski run, with moguls at the bottom of the hill.  (There is some good information here from Dr. Jones on the national ‘new homes’ market. ~Anthony)

What to Do When Homes Linger on the Market
Realtor Mag | June 4, 2012
The showings have started to slow, interest from potential buyers is waning, and your home seller is getting worried. What should you do? (Possibly print this article and hand it to the seller of that overpriced listing? ~Anthony)

Tenant treatens to shoot Realtor showing home
WTSP.com | June 1, 2012
A Pinellas County man is out of jail after waving a gun at a realtor trying to show his rental unit.

Commercial property professionals wexpect values to climb
Los Angeles Times | June 3, 2012
With corporate profits increasing, commercial real estate professionals expect their industry to improve in the second half of the year, according to a survey.

Check out and LIKE us on Facebook to follow other industry news!  Facebook

Anthony Carollo 2007 EMAIL  

Join My List

Find me on:     LinkedIn     Twitter     Facebook

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

 

Tags: , , , , , , ,

Real Estate News Today 6-4-2012


At Stewart Title of Spokane we are mourning the passing of one of our staff. Cameron Jay Erickson left us in February to become a missionary/hospital pilot in Zambia. He ws killed along with his wife this last weekend in an airplane accident in Zambia.  Please keep the Erickson family in your thoughts and prayers.  Jay’s missions blog can be found here: www.missionflying.com
Today’s news that may be of interest to you: 

Federal Government Unloads Real Estate
CNN Money | May 31, 2012
The federal government, the nation’s top property owner, said Thursday that it is on track to save $8 billion by the end of the fiscal year by consolidating its real estate holdings and selling off the excess.

Financial Crisis Sends Euro Zone to Tense Endgame
The Washington Post | May 31, 2012
The European Central Bank chief calls the currency union “unsustainable” and says more central control of national finances is needed if it is to survive.

Multiple Offers Make a Comeback in Residential Real Estate
Philadelphia Enquirer | May 31, 2012
Guess what’s back in the real estate vocabulary for many neighborhoods and communities? Multiple offers.

Refinancing Effort Grows, But Levels Still Low for Most ‘Under Water’
The Wall Street Journal | June 1, 2012
The number of homeowners who have refinanced their home loans under a revamped federal program for those with sunken property values is rising, but the effort is just starting to reach the most severely “underwater” borrowers.

The U.S. Housing Crisis: Where are Home Loans Underwater?
Zillow Blog | June 1, 2012
With U.S. home values falling by nearly 25% since peak in 2007, many homeowners are now underwater in their mortgages, meaning they owe more than their home is worth. Search Zillow’s interactive map to discover what percentage of homes in your county or ZIP code are in negative equity, based on Zillow’s first quarter 2012 data.

Study: Buying a House Makes People Less Entrepreneurial
The Washington Post | June 3, 2012
The recent bust was a rude awakening about the downsides of owning a home. Researchers have uncovered yet another potential drawback: Purchasing a home makes people 20 to 25 percent less likely to start their own business.

Gen Y Is Ready to Buy
RealtorMag | June 1, 2012
Forty-seven percent of Generation Yers say they plan to purchase a home within five years or less, according to a new study released by Western Union. That tops the general population, 29 percent of which say they plan to buy a home in the next five years or less. 

What Are Renters Looking for in Housing?
RealtorMag | May 31, 2012
When it comes to apartment living, more renters want convenience and to be near urban and public transportation hubs, according to industry experts during a recent webinar hosted by the National Association of Home Builders. 

Anthony Carollo 2007 EMAIL  

Join My List

Find me on:     LinkedIn     Twitter     Facebook

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

 
Leave a comment

Posted by on June 4, 2012 in Real Estate news

 

Tags: , , , , , , ,

 
%d bloggers like this: