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Real Estate News 8-7-2012


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

Housing Market Shows Improvement Across All Regions
The Hill | August 6, 2012
Dozens of the nation’s largest housing markets continue to show improvement, according to an index released on Monday.

Housing Recovery Could Lift Jobs, Spending
CNN Money | August
After years of depressed activity, home prices and new construction have started to pick up in recent months as foreclosures have slowed, suggesting the housing market may have finally bounced off the bottom.

Is This the End of the Housing Bust? Not So Fast, Says Shiller
The Wall Street Journal | August 6, 2012
Housing expert Robert Shiller isn’t convinced we’ve crossed into safe territory just yet. Here’s why.

23 Federal Laws that Apply to Real Estate Sales
Realtor Mag | August 2012
Residential real estate has become more complex over the years as a result of laws enacted to protect consumers’ welfare.

Hispanics Make Up Majority of New Owner Households
HousingWire | August 5, 2012
In spite of high unemployment, economic uncertainty and tighter credit conditions, homeownership among Hispanics continues to act as a stimulant to the country’s anemic household formation rate.

Chase Offers No Doc Refis, Principal Reduction
HousingWire | August 5, 2012
JPMorgan Chase went from fast-tracking foreclosures to rubber stamping and pre-approving some borrowers for refinances and even principal reduction.

Court of Appeals Upholds Dismissal in MERS Case
DSNews | August 5, 2012
MERSCORP Holdings, Inc., announced that a three-judge panel of the United States Court of Appeals for the Ninth Circuit affirmed the dismissal of a complaint against Mortgage Electronic Registration Systems, Inc., (MERS) and two other defendants.

Banks Ease Lending Terms to Meet Mortgage Demand
TheMReport | August 6, 2012
Commercial banks eased standards for residential mortgage loans to meet a sharp increase in demand in the second quarter, the Federal Reserve reported Monday in its quarterly survey of bank lending standards.

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Posted by on August 7, 2012 in Real Estate news

 

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Real Estate News Today 11-30-2011


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

Las Vegas notary public guilty in robo-signing scheme found dead
HousingWire | November 29, 2011
A Las Vegas notary public who was scheduled to be sentenced for her part in a foreclosure robo-signing scheme was found dead in her home Monday after she failed to show up for sentencing.

Jump in Confidence Suggests Consumers Tuning Out Washington
The Wall Street Journal | November 29, 2011
Consumer confidence rose sharply in November, the Conference Board reported, in a sign that recent gains in the labor market and modest momentum in the recovery may be starting to lift Americans’ gloomy spirits.

Central Banks Expand System of ‘Swapping’ Money to Ease Credit Crunch
The Washington Post | November 30, 2011
The world’s major central banks unveiled a new strategy Wednesday morning to try to create a wall of money to try to prevent Europe’s financial woes from undermining the stability of the global banking system.

When Home Is Where the Hotel Is
The Wall Street Journal | November 29, 2011
Luxury hotels are hoping more guests will check in and stay awhile – a very long while.

Housing Recovery Hinges on Household-Formation Gain, Case Says
BusinessWeek | November 29, 2011
U.S. home prices won’t recover until the economy improves enough to boost the number of households and clear an oversupply of properties, said economist Karl Case, co-founder of the S&P/Case-Shiller home price index.

A New Shot at Mortgage Relief
The New York Times | November 29, 2011
Like millions of other homeowners, William D. Compton would like to refinance his mortgage so that he pays less each month for his three-bedroom house in Gulf Breeze, Fla. With the savings, he figures he could afford a few extra movies and restaurant dinners or he could buy a new stove and brakes for his car, purchases he has postponed because finances are so tight.

Housing Slump Continues – But the Momentum is Slowing
Time | November 29, 2011
September housing prices, as measured by the S&P/Case-Shiller Housing Index, are out, and they’re down 3.6% year-over-year. This continues a trend that we’ve seen since the summer: Housing prices continue to fall, but more slowly than before. (The prior month, they had fallen at a 3.8% year-over-year rate.) While the continuing deceleration is good news, it’s a trend that doesn’t portend a recovery in 2012. More likely it’ll be 2013.

OCC proposes moving credit rating duties to banks
HousingWire | November 29, 2011
National banks must be able to determine on their own that the risk of default is low and a full, timely repayment of principal and interest is expected on an underlying loan before issuing the “investment grade” security, according to a new rule proposed by the Office of the Comptroller of the Currency Tuesday.  (While I understand what they are trying to accomplish, this doesn’t seem like a good idea. ~ Anthony)

From the National Association of Realtors®:

New-Home Sales Post Biggest Gains in Months
“Builders have been seeing some marginal improvement in sales activity over the past few months, particularly in select markets where consumer confidence is higher due to improved economic conditions,” the National Association of Home Builders chairman says.

Don’t Let Foreclosure Buyers be Tempted by Price Alone
Buyers may be swayed by the big bargain prices that foreclosures often offer. But before they jump in, some housing experts say they need to be warned that it may not be as big of bargain as they believe.

Could Property Managers Help the Market Recover?
As more real estate practitioners make the move into property management, experts say their skills and thoughtfulness in managing real estate portfolios could help the housing market recovery.

 

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Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA  99201
Telephone: 509.328.7171
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