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Real Estate News Today 7-3-2012

03 Jul

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

The Real Value of Homeownership…It’s Not Monetary
The KCM Blog | June 27, 2012
There are numerous media sources reporting the advantages and disadvantages of homeownership. Every expert (from international money managers who have hundreds of billions of dollars of assets under management to local and national real estate experts) has chimed in on the subject. (This author does a fantastic job of putting in writing what so many of us feel.  Is the real value of home ownership all about the money?  Or is it stability and family?  It’s worth reading and passing along to anyone who questions whether they should invest in a home for themselves. ~Anthony)

Storm Damage? 6 Ways to Avoid Contractor Scams
Fox Business | July 2, 2012
The derecho storm that hit Ohio and the mid-Atlantic states Friday night brought winds in excess of 70mph, tore down power lines and trees, and left millions without power in the sweltering heat. Now, millions of American families will be faced with the task of filing insurance claims to get their homes, cars and property repaired. (My only alteration to the list would be #2.  There are LOTS of reputable contractors out there that are not on your insurance companies “approved list”.  I would certainly ask any contractor for 2 or 3 references that you can persaonally call and verify the quality of thier work.  Do I have any contractor friends with other feedback? ~Anthony)

Giants and Jets Sue to Block Mall in Meadowlands
The New York Times | June 22, 2012
The Giants and the Jets filed a lawsuit on Friday to block the proposed American Dream shopping and entertainment mall in the Meadowlands, which they contend will threaten their ability to successfully hold games at the nearby MetLife Stadium.

Is Cloud Computing Safe Enough?
The Washington Post | July 2, 2012
Power outages from Friday’s storms have some in Congress questioning the pace of moving to the cloud.

Office Sector Shows Sluggish Growth
The Wall Street Journal | July 2, 2012
San Francisco saw office rents rise faster than any other U.S. market in the second quarter, but the pace of growth in occupied U.S. office space slowed slightly, according to a report from Reis.

U.S. Home Prices Rose in May
Reuters | July 2, 2012
CoreLogic‘s home price index gained 1.8 percent from April and was up 2.0 percent from a year earlier.

California Homeowner Bill of Rights Passes, Sent to Governor
HousingWire | July 2, 2012
Two central provisions of the California Homeowner Bill of Rights passed the California State Legislature Monday. The bills will travel to Gov. Jerry Brown’s desk, where other provisions of the bill also await approval. Brown has not indicated whether he will sign or veto the legislation.

Don’t Lose Your Home Betting On Housing Stocks
Forbes | July 3, 2012
In recent weeks investors have received some positive signs for the housing market in the form of new home sales, housing starts and existing home sales for the month of May, but as most people know one month does not a trend make.
 

Anthony Carollo

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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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