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Real Estate News Today 6-27-2012


 

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

Orbitz Thinks Mac Users Have More Money. Sooner or Later Hackers Will Too
Forbes | June 26, 2012
Orbitz Worldwide has come to the conclusion that Mac users surfing its site would likely go for a higher-end hotel and decided to cut to the chase: it is experimenting with displaying different, and more expensive, hotels for users searching from a Mac, instead of a Windows desktop, according to a report in the Wall Street Journal.  (This is fascinating to me.  Thanks to a wonderful reader in Seattle for passing this along! ~Anthony)

Small Business Owners, Avoid These Five Crippling Branding Mistakes
The Washington Post | June 26, 2012
These lessons from TOMS Shoes, Apple and Virgin should guide the way as you mold your company’s reputation.

A Look at Case-Shiller, by Metro Area
The Wall Street Journal | June 26, 2012
Home prices showed fresh signs of stabilization in April, according to the S&P/Case-Shiller indexes. A key gauge of U.S. home prices was up 1.3% in April from the previous month.

Why Home Prices are Rising Again (According to Case-Shiller)
The Wall Street Journal | June 26, 2012
It wasn’t hard to see this coming: Home prices rose in April after a spring that brought more buyers chasing fewer homes.

Biggest U.S. Banks Curb Loans as Regional Firms Fill Gap
Bloomberg | June 26, 2012
The biggest U.S. banks are extending less credit amid a faltering economic recovery as regional lenders step in to fill the gap. 

S&P Says U.S. Faces 20-percent Risk of Double Dip
Reuters | June 26, 2012
The United States faces 20-percent odds of a return to recession, rating agency Standard & Poor’s said on Tuesday, although it said a slow recovery remains the company’s baseline forecast for the world’s biggest economy.

Agencies Set Mortgage-Servicing Rules for Military
BusinessWeek | June 27, 2012
U.S. regulators released rules for mortgage servicers that are designed to help members of the military get information needed to sell their homes or modify loans when they are forced to relocate.

Economists Predict Where Home Prices Are Heading
Realtor Mag | June 26, 2012
A majority of more than 100 economists and real estate experts say that home prices will likely bottom by 2013, according to the Zillow June 2012 Price Expectations Survey. 

Top 10 cities for retirement
Chicago Tribune | June 14, 2012
Deciding where to retire presents an exciting challenge. The best cities for retirement need to offer appealing amenities — good quality of life, ample health care options and plenty of things to do — on a fixed-income budget. (Another article that names Spokane, WA as a great place to retire! This was sent to me by a retirement-savvy Spokane reader. ~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 5-15-2012


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

Shadow Inventory: 46 Months to Clear Distressed Housing Supply
DSNews | May 14, 2012
It will take 46 months to clear the market’s supply of distressed homes, or the shadow inventory, according to estimates from Standard & Poor’s Rating Services based on first-quarter 2012 data.

Lawmakers Move to Expand Mortgage Protection for Military
HousingWire | May 14, 2012
Reps. Elijah Cummings, D-Md., and Bob Filner, D-Calif., plan to submit an amendment to a defense spending bill being considered by the House this week.

Steps Unclear in Builders’ Race to Top
The Wall Street Journal | May 14, 2012
Record-keepers for skyscrapers are struggling to keep up as builders around the world create ever taller towers, stretching everything from the limits of architecture itself to the definition of a spire.

Dimon’s Place on Fed Board Renews Conflict-of-interest Concerns
The Seattle Times | May 14, 2012
The JPMorgan CEO, who disclosed a $2 billion trading loss by his bank last week, is one of three bankers on the board of the Federal Reserve Bank of New York, which oversees institutions such as his.

Newport Beach Mansion, Once Listed for $57 Million, Sells at Auction
The Wall Street Journal | May 14, 2012
An unfinished, 16,600-square-foot mansion in Southern California once listed for $57 million has sold at auction for just $18.5 million, according to the property owners’ lawyer.

NAR Reports Members’ Income Rose for First Time Since 2002
DSNews.com | May 14, 2012
For the first time since 2002, the National Association of Realtors (NAR) reported that income for its members (REALTORS®) increased in 2011.

Consumer knowledge of credit leaves a lot to be desired
HousingWire | May 14, 2012
Americans know more about credit than they did last year, but they’ve still got a lot to learn. The results of a survey released by the Consumer Federation of America revealed a jump in consumer knowledge about which companies collect credit information and how to check it, but a continued lack of knowledge about how costly low scores can be.  (This article almost gets to the point: Where can Joe Consumer get a better education about their credit score and how credit works?  Find a knowledgable and experienced loan officer who can answer your questions and educate you.  It’s well worth the effort and can save you thousands of dollars if you manage your credit well. ~Anthony)

Make Sure Selling Incentives Don’t Break the Rules
RealtorMag | May 14, 2012
Some housing deals are coming with sweet incentives for the real estate agents who can bring in a buyer, everything from big bonuses to fancy cars. But if you’re not careful, you might get in trouble for steering, some real estate professionals warn. 

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 1-3-2012


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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