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Real Estate News Today 8-2-2012


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RBS: Underwater mortgages hold steady without eminent domain
HousingWire | August 1, 2012
A higher percentage of underwater borrowers are still making payments, specifically in areas considering eminent domain to seize the loans and write down principal, according to research from the Royal Bank of Scotland

CA Homeowner Bill of Rights ignores logic
HousingWire | August, 2012
While some of the California Homeowner Bill of Rights provisions are reasonable, given the recent problems resulting from an unprecedented wave of foreclosures in the state, many others will needlessly interfere with a process that has mostly worked as intended.

What Cities are Best for Seniors?
USA Today | August 1, 2012
Seniors looking for the best city to grow older in may be better off flocking to the Midwest than sunny Florida, according to a recent report.

How to Navigate Today’s Mortgage Doc Maze
Bloomberg | August 1, 2012
If you want a chance of grabbing a sub-4 percent mortgage the latest challenge is being prepared to run the document gauntlet and become a supplicant to the underwriting gods.

Smaller U.S. Banks Seeking Exemption From CFPB Mortgage Rules
Bloomberg | August 2, 2012
Community banks are lobbying the Consumer Financial Protection Bureau to be exempted from two forthcoming regulations on mortgages.

City of Spokane works to bring down ‘silos’
Spokane Journal of Business | August 2, 2012
You can’t see it when driving along Spokane Falls Boulevard, but according to Jan Quintrall, the silos are coming down at City Hall.

Recent moves hint of a housing recovery
Spokane Journal of Business | August 2, 2012
After years of looking for any sign that the housing market was doing anything other than bumping along the bottom, indications that a recovery is under way have emerged.

Most second homes would escape new 3.8 percent tax
InmanNews | August 1, 2012
The warm summer weekend at the lake brought out sailors, wake boarders and even some old-time slalom water skiers. The discussion on more than one dock also focused on an additional tax on second homes.

And today in the “just for fun” category,
we offer you the Olympic medal standings from NBCBy the way, how do you feel they’re doing on their coverage?  They seem to be getting more criticism than praise. Thanks for reading our newsletter today!

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 6-5-2012


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

Survey: Buyers Frustrated by Low Inventory, Rising Prices
The Wall Street Journal | June 4, 2012
Active home buyers are increasingly concerned about rising prices, prompting a growing number to slow down their purchase plans, according to a new survey.

Home-Price Scorecard: A Turning Market, But Which Way?
The Wall Street Journal | June 4, 2012
The latest price scorecard raises the question of whether a real or false spring is under way.

7 Metros With Largest Median Price Gains
REALTOR Mag | June 4, 2012
Several metro areas are seeing home prices rebounding in the last year.

Forget ‘If I Had a Million Dollars.’ I Want $3M!
Fox Business | June 4, 2012
If you think you’ll need $1 million to retire, you’d better make it $3 million.

Outlook for US Economy Darkens After Disappointing Reports on Hiring, Housing and Factories
The Washington Post | June 5, 2012
Faced with a fizzling job market, many economists have turned more pessimistic and no longer think U.S. economic growth will accelerate later this year.

New Home Sales – The BIG story is Mnimal Inventory, The Lowest in a Decade
Ted C. Jones Blog | May 31, 2012
The new home sales numbers look like the profile of a double black diamond ski run, with moguls at the bottom of the hill.  (There is some good information here from Dr. Jones on the national ‘new homes’ market. ~Anthony)

What to Do When Homes Linger on the Market
Realtor Mag | June 4, 2012
The showings have started to slow, interest from potential buyers is waning, and your home seller is getting worried. What should you do? (Possibly print this article and hand it to the seller of that overpriced listing? ~Anthony)

Tenant treatens to shoot Realtor showing home
WTSP.com | June 1, 2012
A Pinellas County man is out of jail after waving a gun at a realtor trying to show his rental unit.

Commercial property professionals wexpect values to climb
Los Angeles Times | June 3, 2012
With corporate profits increasing, commercial real estate professionals expect their industry to improve in the second half of the year, according to a survey.

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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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