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Real Estate News Today 7-24-2012


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Judge Rules: Agent Not Liable for Buyer’s Injuries
RealtorMag | July 23, 2012
A home buyer sued his real estate agent after he broke his ankle, wrist and elbow while previewing a home for sale. However, a judge last week ruled that the real estate agent was not liable for home buyer Michael Davies’ injuries.

Home Values Post First Year-Over-Year Increase Since 2007
Bloomberg | July 24, 2012
Home values posted their first year- over-year increase since 2007 in the second quarter as the U.S. property market began to lift off a bottom, Zillow Inc. said.

Geithner Says Extending Tax Cut for Wealthy Irresponsible
Bloomberg | July 24, 2012
U.S. Treasury Secretary Timothy F. Geithner said President Barack Obama is “absolutely committed” to letting tax cuts for the wealthiest Americans expire as scheduled at the end of this year.

Moody’s: National Eminent Domain Program Would Push Jumbo RMBS Losses
HousingWire | July 23, 2012
Should proposals being considered in some California areas to seize underwater mortgages be adopted nationwide, mortgage bond investors could see defaults rise by more than 30%, according to new Moody’s Investors Service analysis, leading to losses.

Fannie Mae Cuts 2012 GDP Growth Forecast
The Wall Street Journal | July 23, 2012
Fannie Mae has cut its U.S. gross domestic product growth projection for the year, citing an uncertain job market and weak consumer spending.

Avoid These 6 Recipes For Business Disaster
The Wall Street Journal | July 23, 2012
Why would anyone want to know the formula for failure? Because you may be blind to the fact you are already following it, says guest columnist Mike Michalowicz.

Commercial Continues to Lead Rebound
RealtorMag | July 23, 2012
Two recent reports highlight the strength of the commercial market.

Opposing world views battle for housing future
HousingWire | July 23, 2012
The national debate about the future of the American home is already shaping up to be an epic battle between two different ideologies.

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 4-23-2012


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

Regulators Examine Bank Overdrafts Reaping $31 Billion
The Houston Chronicle | April 21, 2012
Two years after regulators gave Americans more power to manage overdrafts of their checking accounts, the Consumer Financial Protection Bureau is reviewing bank practices to determine if the crackdown went far enough.

House Shoppers Find FHA Loans Cost More
Indianapolis Star April 22, 2012
Mortgages insured by the Federal Housing Administration — often called “FHA loans” — have long been an option for home buyers who don’t have a lot of cash for a down payment or whose credit is less than optimal. For that reason, FHA loans became vastly more popular after the implosion of the subprime mortgage market. (This is a very misleading headline.  One might easily assume it so suggest that FHA mortgages cost more than others.  However if you reasd the article, it simply tells the story that FHA loans cost more now than they used to. ~Anthony)

Moody’s Predicts Tougher Times for Some Homebuilders
HousingWire | April 19, 2012
Homebuilders with good liquidity can expect double-digit growth rates in 2012.  Not that the housing market is particularly robust, but larger companies are taking market share from less-prepared homebuilders, according to a report from Moody’s Investors Service.

For House Hunters, Mobile Apps Put Information at Arm’s Length
The Washington Post | April 20, 2012
Home buyers face no shortage of questions during their search for the ideal property: How many bedrooms does the home have? What are the schools like? When did it last sell? For how much?  The answers may be in your pocket.

Low-Ball Bidders No Longer Get a Steal
The Washington Post | April 22, 2012
It’s not something that economists routinely track, but it provides a rough sense of what’s happening in local real estate markets. Call it the low-ball index.

After the Bailout: Few Fans but No Fix for Fannie and Freddie
Reuters | April 23, 2012
In considering how to fix the ailing U.S. housing market, Republicans and Democrats in Washington have found a rare point of agreement: they would prefer life without failed mortgage giants Fannie Mae and Freddie Mac.

Long & Foster Finding Success in Rebounding Housing Market
The Washington Post | April 20, 2012
Long & Foster finds success in a rebounding housing market: The homegrown company is not a passive recipient of the market’s good fortune. Rather, it made strategic adjustments in order to weather the housing crash.

Alternatives to the “F” Word – How to Avoid Foreclosure
RealEstate.com | April 21, 2012
Delinquent: No longer just a word to describe unruly adolescents. Full-grown responsible adults now bear the scarlet letter because, for one reason or another, they can’t make their mortgage payments. (I got this great article from an unnamed Realtor friend in Atlanta, GA.  Thanks friend!  I love it when my readers post great stuff I can use.  Keep it up everybody! ~Anthony) 

 

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 2-24-2012


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

Bank of America Breaks With Fannie Mae
The New York Times | February 23, 2012
Bank of America said Thursday that it would no longer sell new mortgages to Fannie Mae, underscoring tensions in a fight between giants of the home loan market over billions in losses in the housing bubble.

Ranieri: The Case for Converting Foreclosures to Rentals
The Wall Street Journal | February 23, 2012
One of the pioneers of the U.S. housing-finance system is strongly endorsing government efforts to convert foreclosed homes into rental properties.

FHFA: 4Q Home Prices Down 2.4%
HousingWire | February 23, 2012
U.S. home prices fell in the fourth quarter of 2011 from a year earlier, according to the Federal Housing Finance Agency’s purchase-only house price index.

MBA: Rising Rental Costs May Drive Home Sales Up
HousingWire | February 23, 2012
Home sales could turn out sunnier than expected this spring based on data coming out of the rental market, according to economists at the Mortgage Bankers Association.

Moody’s: Big Banks Unlikely to Suffer From AG Mortgage Settlement
HousingWire | February 23, 2012
The $25-billion mortgage servicing settlement is expected to result in little financial impact on the nation’s big banks, Moody’s Investors Service said.

JPMorgan Places $72 Billion Bet on Global Homeowners
Bloomberg | February 23, 2012
JPMorgan Chase & Co. (JPM) has more than tripled its holdings of mortgage securities without U.S. government guarantees to $72 billion as the nation’s biggest bank bets on borrowers from outside the country it calls home.

Figuring Out How to Attract New Business
New York Times | February 23, 2012
We recently took a step back to look at the clients we have on our roster and how they got there. Interestingly, the majority did not enter our stable via our outbound marketing efforts, our list of targets to go after. Why was that, we wondered. A recent new business initiative may have provided the answer.

Revenue Eases Budget Pain for U.S. States
Bloomberg | February 23, 2012
For the past four years, U.S. states struggled to close more than $500 billion of budget shortfalls caused by the recession, ushering in tax increases, spending cuts and clashes with public-employee unions. With the economy recovering, officials gathering in Washington today for the National Governors Association winter meeting are beginning to face a welcome choice: how to spend extra money.

From the National Association of Realtors®:

How 23 Laws Impact Real Estate
New infographic shows when and how two dozen laws affect the real estate transaction. [This is a pretty good visual aid on all of the different laws that come into play.  Three issues come to mind worth mentioning: 1) This doesn’t even begin to cover state and/or local laws, these are all federal, 2) what a great way to show a Realtor’s value to clients who are thinking FSBO is the way to go, and 3) if you are a newbie or a veteran, I’ll bet there is at least one on here you didn’t know anything about. ~Anthony]
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 1-24-2012


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

Consumer Agency: We Won’t ‘Double-team’ Businesses
CBS MoneyWatch | January 23, 2012
Two government watchdogs that oversee consumer finance have inked a deal to avoid burdening businesses with overlapping regulations.

Loan Modifications Are on the Decline: Moody’s
DSNews | January 23, 2012
As robo-signing reviews reach completion, servicers are beginning to work through some of their foreclosure backlogs, according to a third-quarter report from Moody’s Investors Service.

ASF Panel: Expect Bulk Sales and GSE Longevity
HousingWire | January 23, 2012
A panel on the future of mortgage financing in the United States predicts a government-led initiative to sell distressed properties in bulk. Also, they say Fannie Mae and Freddie Mac will be around for quite some time despite congressional efforts to wind down the government-sponsored enterprises.

Federal Reserve to Disclose More Details on Plans for Low Interest Rates
The Washington Post | January 23, 2012
The Federal Reserve, which took aggressive action in response to the U.S. financial crisis and more recently to help keep European banks in good health, has been divided for months over whether to take major new actions to bolster the nation’s slow economic recovery.

Foreclosures: America’s Hardest Hit Neighborhoods
CNNMoney | January 23, 2012
The housing collapse has dramatically changed the nation’s foreclosure landscape.

Homeowners who bought at low-end most happy: HomeGain
HousingWire | January 23, 2012
Homeowners who acquired properties for less than $75,000 remain the most satisfied with their home-buying selections, according to a new study from online appraisal firm HomeGain.

From the National Association of Realtors®:

6 Housing Markets Gear Up for a Rebound
Job creation and population growth contributes to the housing recovery. Find out which markets have the numbers that point to a real estate rebound, according to a recent Forbes/Local Market Monitor survey.

What Buyers, Sellers Want From Real Estate Agents
Want to peek inside the mind of buyers and sellers? At a recent Real Estate Connect conference, consumers shared their advice to agents.  (One of the services on the list is paperless closings.  Did you know Stewart Title is the industry leader in this arena?  If you have a recent transaction with us and want to check out our system, ask one of our staff for your username and password.  Then go to www.stewartspokane.com and click on the “View my Transactions” button. ~Anthony)

 

Anthony Carollo 2007 EMAIL  

 

Join My List

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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