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Real Estate News Today 7-23-2012


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Property Investments Get Pricier
The Wall Street Journal | July 21, 2012
Real-estate investment trusts have soared in recent months—but there are still pockets of opportunity.

Real Estate Funds Lead the Pack, Can It Last?
USA Today | July 22, 2012
The housing market may finally be coming back, with home prices rising again and mortgage rates at record lows.

Millions of Older Americans at Risk of Foreclosure
CNN Money | July 20, 2012
A growing number of older Americans are falling into serious mortgage debt, with more than three million borrowers over the age of 50 at risk of losing their homes to foreclosure, according to a recent report from the AARP.

Wanted: A 15-Year Home Loan
The Wall Street Journal | July 22, 2012
Average rates on 15-year fixed-rate mortgages have been below 3% since May, leading more borrowers to consider swapping their current home loan for one with a 15-year term.

Safeguard, Freedom Alliance to give away homes to military families
HousingWire | July 20, 2012
Safeguard Properties
and Freedom Alliance are working with banks and lending institutions to provide homes for military families without the burden of a mortgage.

Apartment Rents: No Place But Up, Setting the Foundation for Rising Home Values
Ted C. Jones Blog | July 23, 2012
The U.S. Census Bureau estimates that the U.S. is adding 2.8 million people each year (and that is predicated on an assumed low net-in migration scenario). New residential building permits have averaged less than 600,000 per year for the past 48 months. Admittedly, there was residual excess inventory from the housing bubble, but that has been absorbed. As a result, rental rates are going up. How much rents are increasing is a function of the local market and comparative supply and demand.

Election Year Puts Housing on Hold
Fox Business | July 23, 2012
Here are some of the issues still on the table as we enter into the second half of 2012.

Geithner Set to Defend Actions on Libor, Wall Street Reform Before Congress
The Hill | July 22, 2012
Treasury Secretary Timothy Geithner will be mounting a defense of the financial reform law and his own stint running the Federal Reserve Bank of New York as ongoing scandals cast renewed clouds over Wall Street.

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 5-11-2012


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

Rising Rents – Theme of the Year and the NEXT
Ted C. Jones Blog | May 10, 2012
The dearth of residential construction in the past four years and a growing (albeit sputtering) economy, has set the stage for several years of rising rents—and in some locations SIGNIFICANTLY rising rents. 

J.P. Morgan Makes $2 Billion Blunder
The Wall Street Journal | May 10, 2012
A massive trading bet boomeranged on J.P. Morgan Chase Co., leaving the bank with at least $2 billion in trading losses and its chief executive, James Dimon, with a rare black eye following a long run as what some called the “King of Wall Street.” 

Commercial Investors Fear New Precedent Set for ‘Extend and Pretend’
The Wall Street Journal | May 10, 2012
Commercial real-estate investors thought they had it bad before, but the fallout from a December court decision is causing a new level of uncertainty.

Bernanke Says Firms and Consumers are Finding it Easier to Borrow
The Washington Post | May 10, 2012
But the Fed chair says many creditworthy borrowers are finding it difficult to get mortgage loans.

LPS: Home Prices in February Edge Upward
HousingWire | May 10, 2012
Average home prices across the nation rose a meager 0.2% in February to $195,000, according to LPS Applied Analytics, with early data from the firm suggesting another flat increase of 0.3% in March.

How to Maximize Your Social Media Impact: Timing is Everything
The New York Times | May 10, 2012
Thanks to Bitly, the popular link-shortening service, we can add another tool to our arsenal of tricks to get noticed on social media.

Top 10 Turnaround Housing Markets
RealtorMag | May 10, 2012
Cities hardest hit by the foreclosure crisis are among some of the cities leading a housing recovery, Move Inc. reports in its Top Turnaround Town Report for May. (One state has 7 of the 10 spots and of the remaining three there is one city from the Northwest! ~Anthony)

Builder Buys Distressed Homes, Rents Them Out
RealtorMag | May 10, 2012
Builders have struggled to compete with distressed homes that sell at big discounts, so one major home builder has found a way it also can cash in on the discounts. (Good strategy or flawed?  It will be interesting to watch. ~Anthony)

In the backyard, Grandma’s New Apartment
The New York Times | May 1, 2012
When her father became ill just before Christmas last year, Dr. Socorrito Baez-Page faced an increasingly common conundrum. Her aging parents wanted to stay in their town house, but her mother couldn’t handle the caregiving alone.  (These look like they’d be a great solution for many folks.  The price tag isn’t cheap but the concept is great.  Check with your local zoning laws before you rush out and order one though! ~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 3-28-2012


We have a new clock hour class coming up at our Spokane office!  Check out “The Dark Side of Escrow” on our Facebook page.

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

This week Stewart lands itself on a Forbes list!
America’s Most Trustworthy Companies
Forbes | March 20, 2012
Over the last few years, corporate scandals, bailouts, and bankruptcies have greatly damaged investors’ trust in some of the country’s largest public companies. However, even today, many corporations are models of openness and integrity.

Rising Rates: Some Business Owners Face Increase
The Wall Street Journal | March 28, 2012
Business owners say they’ll face hundreds or thousands of dollars in higher yearly costs. (We all knew it was coming, right? ~Anthony)

Tweaks to Wall Street Overhaul Law Starting to Move
CNBC | March 27, 2012
Support is growing in Congress for tweaks to the 2010 Dodd-Frank financial oversight law, a possibility that until recently seemed remote given partisan acrimony over the law, as well as between Republicans and Democrats.

Housing Experts Optimistic, Despite Dismal Data
The Washington Post | March 27, 2012
There’s no shortage of depressing numbers about the state of the nation’s housing market. Home prices continue to fall, a key index showed Tuesday. Sales of new and existing homes recently declined.

Improving Your Financial Literacy is a Good Investment
The Washington Post | March 27, 2012
Survey after survey continues to conclude that consumers don’t have a good grasp of personal finance issues. There are good intentions behind these surveys. Their purpose is to find out how to create financial literacy programs to help people understand the importance of saving and investing, the devastating results of taking on too much debt, and how to avoid becoming a victim of fraud.

Supreme Court to Consider Medicaid Expansion
The Washington Post | March 28,2012
Justices will also consider whether the entire health-care law must fall if the individual mandate is found unconstitutional.

Q&A: The Prospects for Commercial Real-Estate Lending
The Wall Street Journal | March 28, 2012
Prudential Mortgage Capital is looking to grow its loan volume up to as much as $11.6 billion this year. An executive talks about where he sees commercial real-estate opportunities in the market.

Homeless Being Trained as Squatters?
Realtor Magazine | March 27, 2012
“The best properties are city-owned properties or bank-owned properties,” a board member to a New York City advocacy group reportedly told a homeless group in teaching them about “homesteading.” 

Freddie’s Haldeman: Would have been happy with $1 in exec pay
HousingWire | March 26, 2012
The outgoing CEO of Freddie Mac , Charles ‘Ed’ Haldeman, is in a state of reflection. He predicts he will leave by mid-year and is deeply dismayed at some of the things that happened in the short time he held the reins at Freddie Mac. (I had this article in yesterday’s issue, and last night I was thinking more about it.  I don’t often comment about an individual but today I’m saying “Hogwash!”  He says he would have taken $1 instead of his $900,000 annual salary, but I don’t buy the reason he gives for his change of heart. Not that I begrudge him the money, I don’t care what he makes.  There’s my two cents worth.  ~Anthony)

Anthony Carollo

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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 3-21-2012


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

The Wall Street Gold Rush in Foreclosed Homes
Reuters | March 20, 2012
A growing list of big and small investors are renting out foreclosed homes. But the heated competition for these homes is reminiscent of the frothy expectations that seem to accompany each new Wall Street investing craze.

Manufactured Housing Under Renovation
The Wall Street Journal | March 20, 2012
The industry – and Wall Street – is betting that consumer attitudes toward housing have been updated, that buyers are soured on the bigger-is-better mantra of the boom years and looking for affordable alternatives.

FHFA Blames State Laws for Excessive Foreclosure Timelines
DSNews | March 20, 2012
State and local governments across the nation responded to the foreclosure crisis by introducing a wave of new laws aimed at protecting homeowners.

Rising Mortgage Rates May Not Hurt Housing
CNBC | March 20, 2012
As the economy improves, the job market improves, and that is a key driver for housing. But on the flip side, as the economy improves, investors finally crawl out of the Treasury bunkers, driving yields higher, and mortgage rates generally follow the 10-year Treasury.

Builders Betting on Brighter US Housing Market
BusinessWeek | March 20, 2012
U.S. builders are betting that the housing market is finally on the path back to health. They requested 5 percent more permits in February to build single-family homes and apartments in the coming months.

Ex-Taylor Bean Finance Chief Admits $3 Billion Fraud Role
Bloomberg | March 20, 2012
Taylor, Bean & Whitaker Mortgage Corp.’s former finance chief admitted to helping his boss, Lee Farkas, commit what prosecutors say was one of the largest bank frauds in U.S. history.

Buying cheaper than renting in nearly 100 major U.S. markets: Trulia
HousingWire | March 21, 2012
Buying is more affordable than renting in 98 out of the nation’s 100 largest metropolitan areas — even in New York, Los Angeles and Boston, according to real estate company Trulia‘s rent vs. buy index.

Large Banks Cut Thier Bad Loans
The Wall Street Journal | March 21, 2012
Large U.S. banks have been making headway in dealing with their troubled commercial real-estate debt, selling off and reworking bad loans at a faster rate than smaller banks. 
 

 

Anthony Carollo 2007 EMAIL  

 

Join My List

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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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Posted by on March 21, 2012 in Real Estate news

 

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