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Real Estate News Today 4-4-2012


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

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Tips for First-Time Home Sellers
FOX Business | April 3, 2012
Selling a home is one of the biggest financial transactions most people ever do in their lives. And the current real estate market, still plagued with a record number of foreclosures and short sales, can be a challenge for anyone.  (Some GREAT advice here.  It’s certainly worth the read if you’re considering selling your home. Choose to use a real estate agent, and choose Stewart Title!  ~Anthony)

Fed Sees Improving Economy Reducing Need for Stimulus
Bloomberg | April 4, 2012
Federal Reserve policy makers see the improving economy reducing the need for new stimulus even as they stick to a plan to hold the benchmark interest rate near zero at least through late 2014.

Foreclosure ‘Starts’ Fall in February
The Wall Street Journal | April 3, 2012
Housing pundits have warned that banks were likely to jumpstart the foreclosure process after finalizing their $25 billion settlement with the federal government and 49 state attorneys general. But so far, there’s little indication of a lift in foreclosures.

Time to Sell Penthouse. The Russians Have Cash
The New York Times | April 3, 2012
The high-end real estate market is enjoying a remarkable rise, fueled largely by wealthy Russians.

U.S. Home Market Pulls in More Chinese Buyers
USA Today | April 3, 2012
China’s great wall of cash is pouring into the struggling U.S. property market, from multi-million-dollar mansions on the West Coast to venerable hotels on the East Coast.

IRS Already Gearing Up for Health-Care Crackdown
FOX Business | April 1, 2012
The rest of the country may be waiting for the U.S. Supreme Court to decide the fate of President Barack Obama’s health-care law, but the Internal Revenue Service is wasting no time.

Lenders’ Risk Managers Expect Mortgage Delinquencies to Drop
DSNews | April 3, 2012
FICO’s quarterly survey of bank risk professionals found a reversal in the sentiment of U.S. lenders, with expectations for loan repayments more upbeat in the first quarter of 2012 than they had been during the previous quarter. 

Will Housing Prices Soar By 2014?
Realtor Magazine | April 3, 2012
Find out what real estate economists and analysts predict for the housing market over the next two years.  (Soar?  That may be a bit of an exageration, I’d be thrilled if the market were simply up.  Maybe I’ll put this article in my calendar for two years from now and see if I’m right or they are. (:-) ~Anthony)

Canada’s housing bubble exists, and it’s stretched thin
HousingWire | April 3, 2012
The hot housing market in Canada seems all too familiar. More mortgages without down payments, rising home costs without matching rises in income, and an extremely high ratio of house prices to rents. It all spells a bubble waiting to burst. 
 

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!

www.StewartSpokane.com

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Real Estate News Today 3-13-2012


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

Homebuilder spring selling season off to solid start
HousingWire | March 12, 2012
The homebuilder spring selling season just started, but reports from the field confirm that sales activity in communities are materializing in a way not seen in years, Barclays Capital said.

Deeply Underwater Homeowners to Get Most Aid from Foreclosure Deal
Los Angeles Times | March 12, 2012
Homeowners more deeply underwater on mortgages handled by five major U.S. banking firms are prime candidates for getting help from a $25-billion nationwide settlement over alleged foreclosure abuses.

Banks, Meet the New Foreclosure Monitor
The Wall Street Journal | March 12, 2012
The mortgage industry has a new cop on the beat: Joseph A. Smith Jr. Mr. Smith resigned his post last month as North Carolina’s top banking regulator to serve as the new monitor of the $25 billion mortgage settlement that was filed in federal court on Monday.

Hispanics Projected to be Mega-Consumer in Housing Market
DSNews | March 12, 2012
With Hispanics as the largest minority group in the U.S., mortgage industry professionals should also expect Latinos to be key players when it comes to America’s home buying future, according to the 2011 State of Hispanic Homeownership report released by the National Association of Hispanic Real Estate Professionals.

Americans Grow More Confident in Housing Recovery
BusinessWeek | March 12, 2012
Potential homebuyers and sellers are growing more confident that the U.S. real estate market will begin to recover as soon as next year, according to a Prudential Real Estate survey.

Gov’t Trims Half of its Foreclosure Inventory
Realtor Magazine | March 12, 2012
“The GSEs sold REOs at a record pace in 2011,” HousingWire reports. Find out by how much Fannie, Freddie, and HUD trimmed foreclosure inventories.

Knock it out of the Park: Use Statistics
Inman Next | March 5, 2012
Imagine for a moment that you had $41 million to invest in your real estate business. Now imagine that another agent had $139 million available to compete against you in procuring closed transactions. With more than a 3-to-1 disadvantage, would you be able to generate as many sales or would your competition crush you with more available capital?  (Here is an excellent blog from Inman Next on the value of knowing your market -no matter what real estate function you perform-, and a different way of looking at the market stats. ~Anthony)

Anthony Carollo 2007 EMAIL  

 

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Find me on:     LinkedIn     Twitter     Facebook

 

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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