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Real Estate Today 9-13-2012

13 Sep

The “Back to School” mentality is one we see almost every year, at least in Spokane.  We seem to see a little annual bump in the fall as folks wrap up summer and want to get moved before the holidays.  This year it seems even more dramatic.  What about your market?

Is Real Estate Better Off Than 4 Years Ago?
The KCM Blog | September 13, 2012
(A good, simple graphic. ~Anthony)

Hey, Ben Bernanke, How About A Return To Normalcy?
Forbes | September 12, 2012
The Federal Open Market Committee (FOMC) is holding its regular meeting September 12 – 13.  Because there have been two terrible jobs reports from the Bureau of Labor Statistics (BLS) since the last FOMC meeting, expectations are high that the Fed will announce that it is going to “do more”. (While Forbes says “No!”, Bloomberg says “Go!” with Bernanke Should Do the Right Thing and Not Say He’s Sorry  If you want my opinion?  The less manipulation, the better. Let the market recover on it’s own. ~Anthony)

Back-to-School Mentality Drives Housing for Fall
REALTOR Mag | September 12, 2012
Forty percent of real estate agents and brokers say the end of vacation season will likely bring a refocus on real estate and a primary driver behind fall home sales, according to a recent survey. ERA Real Estate has dubbed it the “back-to-school mentality” for the real estate market.

Aggressive Start for Consumer Financial Protection Bureau
Boston Globe | September 12, 2012
The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far.

More Opting Out of Banking System
The Washington Post | September 12, 2012
In the aftermath of one of the worst recessions in history, more Americans have limited or no interaction with banks, instead relying on check cashers and payday lenders to manage their finances, according to a new federal report. (This is interesting to me in that it’s a much higher percentage than I would have expected.  Why do you think folks go to a check casher or payday lender instead of a bank or CU? ~Anthony)

Why Waiting to Sell Your Business Might Backfire
The Wall Street Journal | September 12, 2012
Millions of small-business owners may be delaying retirement to their late 60s or 70s and beyond, in hopes of riding out the sluggish economy and a slump in the sales value of small businesses.

Well-to-do Get Mortgage Help from Uncle Sam
Reuters UK | September 13, 2012
Silicon Valley, the birthplace of the microprocessor, the personal computer and the iPhone, is a model of private enterprise at work. But not when it comes to getting a mortgage.

Stewart Title Spokane Facebook Page     Real Estate Today

In case you missed them, check out these two blogs that are all reader-generated feedback:

Real Estate Advice to Sellers From the Pros
and
Real Estate Advice to Buyers From Industry Pros

Thanks for reading our real estate news and please send us any feedback, comments or articles of interest!

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Posted by on September 13, 2012 in Real Estate news

 

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