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Real Estate Today 9-20-2012


10 best states for first-time homebuyer help
MSN Real Estate | September 2012
Achieving the American dream has long been associated with owning a home. Yet for many of today’s would-be homebuyers, economic uncertainty has called that dream into question.  (OK experts, here is your chance to shine!  What great programs do we have available to first-time homebuyers in the Northwest? ~Anthony)

Some Markets See Inventories Cut Nearly in Half
RealtorMag | September 19, 2012
The number of homes for sale in the last year is falling the most in California, with eight of the top 10 biggest drops in inventories in the last year from metro areas in the Golden State. Many California metros are also seeing asking prices on the rise in the last year, too. (One NW area metro makes the list – which one is it?)

U.S. Banks on High Alert for Cyberattacks
Columbus Dispatch | September 19, 2012
A financial-services industry group warned banks yesterday to be on heightened alert for cyberattacks after Bank of America Corp. and JPMorgan Chase & Co. experienced unexplained outages on their public websites.

U.S. May Have Paid $1B in False Claims
The Washington Post | September 19, 2012
Report finds HUD may have paid hundreds of millions of dollars in mortgage aid to homeowners who did not qualify for the help.

Housing Recovery Nuanced at the Local Level
The Wall Street Journal | September 19, 2012
Today’s existing-home sales numbers from the National Association of Realtors, paired with today’s Census data on housing starts and a boost in builder confidence from earlier this week, paint a picture of housing on the mend.

Meet the New Boss: Big Data
The Wall Street Journal | September 20, 2012
At more and more companies, the hiring boss is an algorithm, as jobs that were once filled on the basis of work history and interviews are left to personality tests and data analysis.

Incomes Fell or Stagnated Last Year
The Wall Street Journal | September 19, 2012
The income of the typical U.S. family fell or was flat in almost every state last year, with the drop particularly steep in places where the economy has been hit hard by the housing bust.

Real Estate Investors Plan to Purchase More Homes in U.S.
BusinessWeek | September 20, 2012
Almost two-thirds of U.S. residential real estate investors plan to buy as many as or more homes in the next 12 months than they have in the past year even as prices rise, according to a survey released today.  

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Today I’d like to hear from real estate investors (or their agents):  What sectors provide the best opportunities?  What advice do you have for a prospective first-time investor?  What your personal market outlook for investment real estate?  (Both residential real estate and commercial real estate) 

  

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Posted by on September 20, 2012 in Real Estate news

 

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Real Estate News Today 3-21-2012


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

The Wall Street Gold Rush in Foreclosed Homes
Reuters | March 20, 2012
A growing list of big and small investors are renting out foreclosed homes. But the heated competition for these homes is reminiscent of the frothy expectations that seem to accompany each new Wall Street investing craze.

Manufactured Housing Under Renovation
The Wall Street Journal | March 20, 2012
The industry – and Wall Street – is betting that consumer attitudes toward housing have been updated, that buyers are soured on the bigger-is-better mantra of the boom years and looking for affordable alternatives.

FHFA Blames State Laws for Excessive Foreclosure Timelines
DSNews | March 20, 2012
State and local governments across the nation responded to the foreclosure crisis by introducing a wave of new laws aimed at protecting homeowners.

Rising Mortgage Rates May Not Hurt Housing
CNBC | March 20, 2012
As the economy improves, the job market improves, and that is a key driver for housing. But on the flip side, as the economy improves, investors finally crawl out of the Treasury bunkers, driving yields higher, and mortgage rates generally follow the 10-year Treasury.

Builders Betting on Brighter US Housing Market
BusinessWeek | March 20, 2012
U.S. builders are betting that the housing market is finally on the path back to health. They requested 5 percent more permits in February to build single-family homes and apartments in the coming months.

Ex-Taylor Bean Finance Chief Admits $3 Billion Fraud Role
Bloomberg | March 20, 2012
Taylor, Bean & Whitaker Mortgage Corp.’s former finance chief admitted to helping his boss, Lee Farkas, commit what prosecutors say was one of the largest bank frauds in U.S. history.

Buying cheaper than renting in nearly 100 major U.S. markets: Trulia
HousingWire | March 21, 2012
Buying is more affordable than renting in 98 out of the nation’s 100 largest metropolitan areas — even in New York, Los Angeles and Boston, according to real estate company Trulia‘s rent vs. buy index.

Large Banks Cut Thier Bad Loans
The Wall Street Journal | March 21, 2012
Large U.S. banks have been making headway in dealing with their troubled commercial real-estate debt, selling off and reworking bad loans at a faster rate than smaller banks. 
 

 

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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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Posted by on March 21, 2012 in Real Estate news

 

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Real Estate News 3-16-2012


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

Small Businesses in Homebuilding Industry See Signs that People are Ready to Buy
The Washington Post | March 15, 2012
Charles Ruma is suddenly busy. His company, Virginia Homes, is getting five to 10 visits from prospective homebuyers each weekend. During the last three years, he was lucky to get five in a month.

State’s High Court Hears Suits Against Mortgage Clearinghouse
The Seattle Times | March 15, 2012
The state Supreme Court heard arguments Thursday in two cases that could determine whether the nation’s largest electronic mortgage-tracking system has legal authority to foreclose on delinquent homeowners in Washington.

Passing Out Business Cards is Quickly Becoming Passé
The Los Angeles Times | March 15, 2012
Chalk up another looming casualty of the Internet age: business cards.

Housing Market Showing Signs of Strengthening
The Hill | March 15, 2012
A growing number of housing markets, especially in metropolitan areas, are showing steady improvement as the sector continues its slow recovery.

Growth in the ‘Sand States’
BusinessWeek | March 15, 2012
Arizona, California, Florida, and Nevada are the states where homeowners enjoyed the most extreme runup in prices – until the subprime crisis sent the whole housing industry into its sharpest contraction in decades.

How To Be Creative
The Wall Street Journal | March 13, 2012
The image of the ‘creative type’ is a myth. Here’s a look at why anyone can innovate – and why a hot shower, a cold beer or a trip to your colleague’s desk might be the key to your next big idea.

Most Home Owners Unaware of Gov’t Aid Programs
Realtor Magazine | March 15, 2012
More than 70 percent of home owners are unaware that there are government programs to help underwater borrowers.

Agent Injured When Indiana Home Explodes
Realtor Magazine | March 15, 2012
A real estate agent in Gary, Ind., was preparing to show a vacant home to a family Tuesday afternoon when the home suddenly exploded.

Gov’t Programs on Housing, Lending Need Forethought 
Realtor Magazine | March 15, 2012
The CEO of Entitle Direct Group says government interventions in the housing and mortgage lending sectors need more planning and prudence to avoid digging the hole even deeper.

 

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 11-17-2011


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

Homebuilders Target The In-Laws — and Dogs
Bloomberg | November 17, 2011
There is a growing line of new homes marketed to multigenerational families, a category that increased by 30 percent from 2000 to 2010, according to the U.S. Census Bureau.

As New Graduates Return to Nest, Economy Also Feels the Pain
The New York Times | November 16, 2011
With the poor job market and uncertain recovery, hundreds of thousands of Americans have tabled their moves.

One Antidote to Foreclosures: Good Schools.
The Wall Street Journal | November 16, 2011
Highly ranked school districts may have been spared the worst of the foreclosure crisis, according to a new analysis, showing that the housing crash was akin to a tornado that tore through wide swaths, but hit with particular force in certain areas.

Real Estate: Why Home Prices Won’t Bottom Out
Reuters | November 16, 2011
Watching the U.S. home market struggle to rebound is like listening to children in the back of a car. No, we’re not there yet.  (I love this analogy!  It made me smile. ~Anthony)

Allied Home Mortgage’s FHA Privileges Reinstated by Judge
BusinessWeek | November 15, 2011
Allied Home Mortgage Corp. can originate and underwrite Federal Housing Authority-insured home loans, a judge said, reversing a U.S. agency’s suspension of those privileges.

Why Wall Street’s Layoffs Are More Serious Than You Think
Forbes | November 16, 2011
Bank of America has reportedly started the first phase of a massive layoff plan by notifying some of its employees that they no longer work for the company. The layoffs are part of a larger cutback plan that is intended to save the bank $5 billion over the next couple of years.

Lower Mortgage Rates Help Homebuilders Feel Less Pessimistic but Housing Market Remains Weak
The Washington Post | November 17, 2011
U.S. homebuilders are feeling a little less pessimistic about the struggling housing market. But their mood hasn’t changed enough to signal a recovery anytime soon.

Homebuilder confidence highest since 2010
The MReport.com | November 16, 2011
Homebuilder confidence shot up over November, revisiting a high previously seen in May 2010, according to a recent index.

From the National Association of Realtors®:

Midwest’s Hot Land Boom: 25% Jump in Values
It’s a good time to own farmland: Farmland prices in the Midwest are reaching new records, and some analysts say the peak hasn’t been reached yet either.

Foreclosures Are Selling Quicker, BofA Says
Bank of America says in several markets it’s moving through its inventory of foreclosed homes at a much faster pace than it has in the past.

Construction Soars for Rental Apartments
A tight supply of apartments and an upsurge in demand has allowed landlords to raise rents for seven straight quarters. But a boom in new apartment construction may help change that.

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 11-16-2011


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

Federal Prosecution Of Financial Fraud Falls To 20-Year Low, New Report Shows
Huffington Post | November 15, 2011
Public mistrust for banks may be at an all-time high, but federal prosecution for certain financial crimes is down to a 20-year low.

A State-by-State Look at Long Road to Jobs Recovery
The Wall Street Journal | November 14, 2011
When it comes to jobs, it’s going to take a long time to get over the Great Recession. How long depends on where you live. (Another one of those maps that I enjoy so much! ~Anthony)

Freddie Mac launches Winter REO promotion
HousingWire | November 15, 2011
Homesteps, the real estate sales unit of Freddie Mac, launched a sales promotion Tuesday for its inventory of foreclosed homes in select states. (Washington isn’t included in the list, but othr nearby states are like Idaho and Utah.  Check it out. ~Anthony)

Freddie Mac Raises Bar for Refinancing with Home-Equity Debt
BusinessWeek | November 15, 2011
Freddie Mac, the government- supported mortgage company, made it harder for some borrowers with second-lien home equity debt to refinance as it released guidelines for its version of the federal Home Affordable Refinance Program.

From the National Association of Realtors®:

More Home Owners Try ‘Reluctant Landlord’ Role
The number of single-family homes turned into rentals post-housing boom has sharply risen over recent years as more home owners who can’t sell are trying on the challenging role of becoming a landlord.

Anthony Carollo 2007 EMAIL  

 

Join My List

Find me on:   LinkedIn     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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Posted by on November 16, 2011 in Real Estate news

 

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