Real Estate News Today 7-27-2012

27 Jul

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

Is This What a Housing Bottom Looks Like?
The Wall Street Journal | July 26, 2012
Another housing report shows that market activity is up considerably from one year ago but easing off of the levels set by a surge of transactions earlier this year.

Bill Seeks to Stop Second-Lien Holders from Killing Short Sales
Realtor Magazine | July 27, 2012
Second-lien holders are being blamed for derailing many short sale transactions. Proposed legislation aims to change that.

Capital Economics: Low Mortgage Rates Aren’t Affecting Demand
DSNews | July 26, 2012
In recent months, data from the Mortgage Bankers Association, Freddie Mac, Bankrate, and other firms has shown mortgage rates steadily falling, hitting new lows week after week in some measures.

Housing: A Long Way From Normal
BusinessWeek | July 26, 2012
Remember suburban Phoenix, home of empty subdivisions with green swimming pools and roving coyotes? It’s booming again.

Time Not on the Side of Older Americans in Housing Slump
Reuters | July 26, 2012
Prior to 2008, many baby boomers assumed they were set for retirement. They would fund those golden years by tapping into their homes if they hadn’t saved enough in their 401(k) plans.

Lack of Inventory Blamed For June’s Dip in Pending Home Sales
DSNews | July 27, 2012
In another sign the housing sector may be languishing again —the Pending Home Sales Index (PHSI) dipped 1.4 percent in June to 99.3 from a downwardly revised 100.7 in May, the National Association of Realtors reported Thursday.

HELOCs Return in Some Hardest-hit States
HousingWire | July 26, 2012
Home equity lending returned in some unlikely places over the past year, according to Moody’s Analytics and Equifax.

Short Sales vs Foreclosures: the Children
The KMC Blog | July 27, 2012
This week, we have looked at the advantages of a short sale over a foreclosure from five different perspectives: Sellers’, Neighborhoods’, Banks’, Prices and the Children.

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

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


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