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Real Estate News Today 3-28-2012


We have a new clock hour class coming up at our Spokane office!  Check out “The Dark Side of Escrow” on our Facebook page.

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

This week Stewart lands itself on a Forbes list!
America’s Most Trustworthy Companies
Forbes | March 20, 2012
Over the last few years, corporate scandals, bailouts, and bankruptcies have greatly damaged investors’ trust in some of the country’s largest public companies. However, even today, many corporations are models of openness and integrity.

Rising Rates: Some Business Owners Face Increase
The Wall Street Journal | March 28, 2012
Business owners say they’ll face hundreds or thousands of dollars in higher yearly costs. (We all knew it was coming, right? ~Anthony)

Tweaks to Wall Street Overhaul Law Starting to Move
CNBC | March 27, 2012
Support is growing in Congress for tweaks to the 2010 Dodd-Frank financial oversight law, a possibility that until recently seemed remote given partisan acrimony over the law, as well as between Republicans and Democrats.

Housing Experts Optimistic, Despite Dismal Data
The Washington Post | March 27, 2012
There’s no shortage of depressing numbers about the state of the nation’s housing market. Home prices continue to fall, a key index showed Tuesday. Sales of new and existing homes recently declined.

Improving Your Financial Literacy is a Good Investment
The Washington Post | March 27, 2012
Survey after survey continues to conclude that consumers don’t have a good grasp of personal finance issues. There are good intentions behind these surveys. Their purpose is to find out how to create financial literacy programs to help people understand the importance of saving and investing, the devastating results of taking on too much debt, and how to avoid becoming a victim of fraud.

Supreme Court to Consider Medicaid Expansion
The Washington Post | March 28,2012
Justices will also consider whether the entire health-care law must fall if the individual mandate is found unconstitutional.

Q&A: The Prospects for Commercial Real-Estate Lending
The Wall Street Journal | March 28, 2012
Prudential Mortgage Capital is looking to grow its loan volume up to as much as $11.6 billion this year. An executive talks about where he sees commercial real-estate opportunities in the market.

Homeless Being Trained as Squatters?
Realtor Magazine | March 27, 2012
“The best properties are city-owned properties or bank-owned properties,” a board member to a New York City advocacy group reportedly told a homeless group in teaching them about “homesteading.” 

Freddie’s Haldeman: Would have been happy with $1 in exec pay
HousingWire | March 26, 2012
The outgoing CEO of Freddie Mac , Charles ‘Ed’ Haldeman, is in a state of reflection. He predicts he will leave by mid-year and is deeply dismayed at some of the things that happened in the short time he held the reins at Freddie Mac. (I had this article in yesterday’s issue, and last night I was thinking more about it.  I don’t often comment about an individual but today I’m saying “Hogwash!”  He says he would have taken $1 instead of his $900,000 annual salary, but I don’t buy the reason he gives for his change of heart. Not that I begrudge him the money, I don’t care what he makes.  There’s my two cents worth.  ~Anthony)

Anthony Carollo

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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 1-3-2012


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

Frustrated Tampa Bay Realtor gets short-sale miracle from Freddie Mac
Tampa Bay Times | December 30, 2011
After losing four buyers and waiting 379 days for a short sale to get approved on a Tierra Verde home, Realtor Liane Jamason asked for a Christmas miracle Tuesday afternoon.  She got one.

Low Mortgage Rates Likely to Continue Through 2012, Experts Say
The Los Angeles Times | January 3, 2012
But with high unemployment and home prices still falling in many areas, analysts say there is little chance for a housing recovery.

The 2012 Regulatory and Market Landscape
The Wall Street Journal | January 3, 2012
Depending on whom you ask, the so-called Volcker rule will mean either the end of banking as we know it or toothlessly allow banks to continue to bet the house – with the backing of the U.S. taxpayer. Neither of these extremes are true, of course.

S&P: Buying, Renting Costs Draw Closer
HousingWire | December 30, 2011
An index from Standard & Poor’s shows a narrowing gap between the cost of buying a house and renting.

Investors See Commercial Real Estate as a Good Bet
Los Angeles Times | January 3, 2012
Despite the economy, investors are bullish on the prospects for office buildings, the largest commercial real estate sector, a survey finds. Apartments are viewed as the most favored category.

Biggest Economies Face Soaring Debt in 2012
The Washington Post | January 3, 2012
Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs. The amount needing to be refinanced rises to more than $8 trillion when interest payments are included. Coming after a year in which Standard & Poor’s cut the U.S.’s rating and put 15 European nations on notice for possible downgrades, the competition to find buyers is heating up.

Fasten Your Seatbelts, It’s Going to Be a Bumpy Year
The Wall Street Journal | January 2, 2012
2011 was a year of surprises. An Arab revolution no one predicted. A downgrade of the U.S.’s formerly pristine debt rating. European debt troubles that threatened the future of the continent’s common currency.

5 Events that Really Mattered for Housing in 2011 – and Beyond
Time | December 29, 2011
Government, the mortgage industry and forces of nature all shook the housing market in 2011. They had both an immediate impact and slow-burning effects, setting the stage for a bumpy 2012 with more foreclosures, political battles and local market risks.

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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