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Real Estate News Today 7-25-2012

25 Jul

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RealtyTrac: Houses Purchased for Investment Rise 65%
HousingWire | July 24, 2012
Homes purchased for investment purposes rose 65% in 2011 as investors looking for a place to park their cash sought out bank-owned properties, according to the latest Foreclosure News Report for RealtyTrac.

Massachusetts email constitutes binding real estate agreements
HousingWire | July 24, 2012
Massachusetts real estate agents and lawyers should now be careful about what they put in emails: They could come back to bite you. Or, at least, contractually bind you to something you didn’t want to be contractually bound to.  (While this a Massachusetts court decision it seems to open the door to the possibility of similar decisions around the country. The lesson? The more clearly you communicate the better. ~Anthony)

Home Equity Protection Insurance Yanked Off the Market
Inman News | July 24, 2012
Known as “Home Value Protection,” the plan was featured on CNBC, FOX Business and publicized in news articles across the country. 
(Hindsight is 20/20 isn’t it? Could they really not see this coming? ~Anthony)

Positive Housing News Keeps Rolling In
The Wall Street Journal | July 24, 2012
The gradual recovery in the housing market continues amid more upbeat news this morning.

Health, Housing Get Greatest Federal Subsidies
Associated Press | July 25, 2012
A study of federal subsidies of various sectors of the economy says that health care and housing combined to reap almost $1 trillion in support in the most recent year for which data was available.

TARP Funds for Housing Relief 90 Percent Unspent, Auditor Says
Bloomberg | July 25, 2012
Distressed homeowners have received only 10 percent of nearly $46 billion in federal aid since the money was allocated in 2009 under the Troubled Asset Relief Program, a U.S. auditor’s report said today.

4 Home Showing Tips in the Hot Weather
RealtorMag | July 24, 2012
Sizzling 100 degree temperatures have been blanketing the country in recent weeks, but some potential buyers may be more reluctant to go house shopping in the heat. How can you still draw the buyers out?

Buying a Foreclosure: Is the Stigma Gone?
RealtorMag | July 24, 2012
“Once considered damaged goods, fit for only the bravest investors, foreclosures have not only lost their stigma, they’ve become hot properties,” according to a recent article in The Christian Science Monitor.

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!

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