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Real Estate News Today 7-5-2012


Running a little behind this morning.  Many thanks to my friend Kevin Parker and Dutch Bros. for the kick in the pants today.  (:-)  Check out and Like their Facebook page! Facebook 

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

It Takes a Little Work to Take a Vacation
The New York Times | July 4, 2012
Of all the challenges small-business owners face, one of the toughest is taking a vacation. (As Realtors, you are in an industry that has the most difficult time taking a vacation.  What’s the secret, if there is one? ~Anthony)

The John Grisham of Real Estate?
RealtorMag | June 28, 2012
Noting the success of author/lawyer John Grisham in spotlighting his profession in fiction, C.M. Nevill thought it was about time real estate took the dramatic stage of the action-adventure novel. 

Multifamily housing bubble may be in the future
HousingWire | July 3, 2012
While single-family housing starts remain down, rental demand is driving new multifamily construction. But how long the demand will last is uncertain — an uneasy consideration for investors whose current investments may take years to hit the market.

Some Points about Points
The KCM Blog | July 5, 2012
One of the more frequent topics discussed between loan officers and borrowers center around discount points. So today, I decided to give you some information and some things to consider. (I really enjoy their blogs.  They consistenly provide value which is something we are constantly trying to do.  Today’s blog is no exception.  Lenders: is there anything you would add to this? Email me at acarollo@stewart.com ~Anthony)

Rents Increase as Vacancies Dry Up
The Wall Street Journal | July 4, 2012
Landlords boosted apartment rents to record levels in the second quarter as demand from tenants sitting out the home-buying market pushed vacancy rates to their lowest point in more than a decade, according to a report to be released Thursday.

Cybercriminals Sniff Out Vulnerability
The Wall Street Journal | July 4, 2012
With cybercriminals a greater threat to small businesses than ever before, more entrepreneurs are left asking themselves who is to blame for hacking attacks that drain their business accounts. 

Small Business Lending Recovers, Delinquencies Drop to Record Low
The Washington Post | July 5, 2012
The overall volume of loans to small companies rose 12 percentage points in May, marking the largest month-to-month increase in three years and nearly erasing four consecutive months of decline to start 2012, according to the latest data released by Thompson Reuters and PayNet. J.D. Harrison JUL 3 Lenders are warming up to small firms again, but is it enough to trigger investments and hasten

Struggling Homeowners Avert Foreclosure Via Mediation
Reuters | July 5, 2012
Verise Campbell was excited. She could finally help struggling homeowners negotiate deals with their lenders to avoid foreclosure, but the angry response to her first phone call shocked her.

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 4-19-2012


Listing a property for sale in any market creates lot of questions for the sellers.  You can take away a some of that uncertainty for your Spokane sellers by pointing them to our Net Proceeds Worksheet.  You can check it out on our website at www.stewartspokane.com or you can also find it on our Facebook page! Facebook

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

House GOP Advances Measure Rolling Back Dodd-Frank Provisions
The Hill | April 18, 2012
House Republicans on Wednesday advanced legislation that would roll back portions of the Dodd-Frank financial reform law.

House to Vote on Small Business Tax Cut Plan
The Washington Post | April 18, 2012
Days after the Senate rejected a plan to impose higher taxes on wealthy Americans, the House Thursday plans to vote on a bill that would extend tax cuts to businesses with fewer than 500 employees.

Former St. Louis HUD Official Took Bribes to Approve Funding, Feds Say
St. Louis Post-Dispatch | April 18, 2012
A former director in the St. Louis office of the U.S. Department of Housing and Urban Development took $38,000 in bribes to approve $1.5 million in mortgage refinancing, the U.S. Attorney’s office said.

Is Our Long National Short-Sale Nightmare Finally Coming to an End?
The Wall Street Journal | April 18, 2012
It’s been a long-standing complaint from home buyers, sellers and real-estate agents alike. Banks have been slow to approve short sales — those in which the lender agrees to receive less than the total outstanding mortgage amount.

Small-Firm Loans Lagged
The Wall Street Journal | April 18, 2012
Lending to small and medium-size businesses after the recession recovered more slowly in the U.S. than in other countries such as Canada, France and Italy, according to a report expected to be released Thursday by the Organization for Economic Cooperation and Development.

Economist says first-time homebuyer tax credit hurt homebuyers
HousingWire | April 18, 2012
Did the 2009 first-time homebuyer tax credit actually help anyone? Economist Dean Baker says yes — just not the people it was intended to help.

Investors Eye College Towns for Best Deals
Realtor Magazine | April 18, 2012
Investors are viewing college towns as the safest bets to offering stable rental returns.

If you’d like to follow some of the responses I’ve had on current lending standards and whether they’re too tight or too loose, I’ve posted it in a discussion forum on LaunchPad here.

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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