Real Estate Today 10-4-2012

04 Oct

If you happen to be doing some real estate business in the Spokane area, we’d love to be your choice for title and escrow.  This morning, be sure to check out the Redfin article on the recent study they did, as well as the write-ups on underwriting rules and fence-sitting sellers.  Thanks for reading! 

Fannie Mae Tightens Underwriting Rules for Condo, Refinance Loans, Borderline Borrowers
Realty Times | October 3, 2012
Fannie Mae is putting the squeeze on underwriting guidelines this fall, making it tougher for some condo, borderline and refinancing borrowers to land a home loan.

Where downtown housing is hot, and where it’s not
MarketWatch | October 2, 2012
An increasing number of people began calling downtown Chicago home over the last decade or so, as new condominiums and then rental-apartment buildings accommodated all those young professionals and empty nesters interested in downtown living.

Fence-sitters in No Hurry to Sell
Inman News | October 3, 2012
Home prices are seeing some strength nationwide, but further price increases will be necessary to spur some homeowners to sell, according to real estate professionals.  (What are you telling sellers right now that are hesitant to list their property? ~Anthony)

Government: We Plan to Sue More Banks
CNN Money | October 3, 2012
Wall Street banks should be prepared for more lawsuits, a taskforce of federal and state investigators said Tuesday.

Mortgage Prepayment Speeds Reach Highest Level Since 2005: LPS
HousingWire | October 3, 2012
Mortgage prepayment rates spiked in August to levels above those reached in the mini refinance waves of 2009 and 2010, hitting their highest levels since 2005, according to analytics firm Lender Processing Services

On Big Real Estate Sites, Study Finds Gaps in Listings
The New York Times | October 3, 2012
A study underwritten by Redfin seeks to compare the comprehensiveness and accuracy of real estate listings on five sites, Zillow, Trulia, Redfin and the sites of two regional real estate brokerage firms, Windermere and Long & Foster.

Low Rates Fuel Refi Activity, But Will New Mortgage Applications Suffer?
US News & World Reports | October 3, 2012
More record low interest rates juiced demand for home loans last week as demand from homeowners looking to refinance surged to the highest level in more than three years, according to an industry group.


Facebook Tops 1 Billion Active Users
The New York Times | October 4, 2012
Facebook on Thursday announced that it had topped one billion active users, meaning users who visited the site within a month. (My opinion on Facebook?  You can’t tell me that this company with their vast stores of data on 1 billion people is not going to figure out a variety of ways to make a huge fortune. They were only started in 2004 and in that short time their reach is beyond anything else. 1 billion people have visited their site in the last 30 days.  That is an incredible accomplishment in 8 years. ~Anthony)

Anthony Carollo 2007 EMAIL  

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Posted by on October 4, 2012 in Real Estate news


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