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Real Estate News 8-6-2012


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Company dedicated to hiring veterans
KXLY | August 5, 2012
Nearly 14 percent of veterans after September 11 are unemployed in Washington state. But a Spokane company is working hard to change the statistic. (Great story about a local company doing what they can to put these folks to work.  I love it. ~Anthony)

How Long Does It Take To Close A Mortgage?
Mortgage Report | August 5, 2012
The influx of new loans has not just lenders at capacity, but title companies and appraisers, too. It’s rendered the “30-day close” somewhat of a rarity. It’s tough to close a loan in 30 days anymore — especially with the amount of paperwork that can be required.  (Some good insight here for a consumer.  I’d like to know if you think it’s an accurate picture of what it takes for a 30 day close. ~Anthony)

Wealthy Home Sellers Capitulate, High End Prices Drop
USA Today | August 4, 2012
Even the rich aren’t immune to the pressures of the housing market. Prices for homes listed at $1 million or more have fallen 20% this year, according to RealtyTrac.

Jobless States: The Top 10
The Washington Post | August 3, 2012
Here’s a look at the top 10 states with the highest unemployment rates.

Why Buffett Is Betting Big on Housing
The Wall Street Journal | August 3, 2012
What does Warren Buffett see that no one else does? He just made an outsize bid on ResCap loans, the latest example of his bet that the housing market represents a great investment opportunity.

Is the Real-Estate Rebound for Real?
The Wall Street Journal | August 3, 2012
The numbers point to a lasting recovery in the housing and commercial-property markets. Here’s how to invest wisely.

Zillow and Other Sites Broaden Their Mission to Include Businesses
The New York Times | August 5, 2012
For the first few years of its existence, the only thing Zillow cared about was getting people to come to its real estate Web site to snoop on the market value of neighbors’ homes and other properties. Over 34 million visitors a month now do so.

To Rent or Own: How Consumers Decide Between the Two
DSNews.com | August 3, 2012
In a study to examine what factors would drive a person to rent or own in their next move, Fannie Mae found that a mix of demographics and attitudinal drivers were key, while negative housing events appears to do little to thwart would-be buyers.

 

 

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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

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Posted by on August 6, 2012 in Real Estate news

 

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Real Estate News Today 4-10-2012


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

The man cave, that great getaway, has become commercialized
The Seattle Times | April 6, 2012
The time has come to leave the man cave — to bulldoze the bro bunker, to kick the kegerator to the curb. The safe house for the Y chromosome is no longer safe; the perimeter has been breached. The man cave is no longer a tenable refuge from the real world.

U.S. to Propose New Mortgage Lending Rules
The Washington Post | April 10, 2012
The federal government plans to propose new rules on Tuesday that will give homeowners more ways to avoid foreclosure and get an accurate accounting of their monthly mor
tgage payments.

Proposed California Bill Imposes Real Estate Fee for Affordable Housing Fund
HousingWire | April 9, 2012
California Senate Bill 1220, or the Housing Opportunity Trust Fund Act of 2012, proposes the creation of a fund that would raise revenue by imposing a $75 fee on all real estate instruments recorded at the county level.

Baby Boomer Market Bust?
Los Angeles Times | April 9, 2012
As 70 million people born between 1946 and 1964 begin retiring, the big question is: Will they bail out of stocks and other assets to pay for their golden years?

Why Small Businesses Fail to Grow
The Washington Post | April 10, 2012
It takes more than passion. Here is a list of 10 crucial factors.

Bernanke Says Banks Need Bigger Capital Buffer
Reuters | April 9, 2012
Federal Reserve Chairman Ben Bernanke said on Monday banks need to have more capital at hand in order to ensure the financial system is stable.

BofA Makes Changes to Trim Short Sale Timeline
DSNews | April 9, 2012
Starting Saturday, April 14, real estate professionals working with BofA will be required to submit five documents for short sales initiated with an offer.

Expectations Rising for Housing Market’s Spring Season
USA Today | April 10, 2012
The spring season typically runs March through June but may have started early this year because of unseasonably warm weather.

5 Reasons the US Hiring Slowdown in March might Signal a Weakening Job Market
The Washington Post | April 9, 2012
Economists mostly shrugged off news that U.S. hiring slowed in March as a one-month aberration warped by warm weather. But what if they’re wrong? What if the sharp drop in job creation signaled something more ominous?

Berkshire Hathaway unit buys Seattle residential brokerage
The Seattle Times | April 5, 2012
A real-estate subsidiary of Warren Buffett’s Berkshire Hathaway has acquired a Seattle residential real-estate brokerage.

Anthony Carollo 2007 EMAIL  

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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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Real Estate News Today 2-27-2012


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

Despite Falling Prices, Housing Burden Still High for Middle Class
The Wall Street Journal | February 24, 2012
Though home prices have fallen dramatically as a result of the housing bust, paying the monthly cost of owning or renting a home hasn’t become any easier for many middle-income Americans families, a new study finds.

Are Real Estate Agents Dinosaurs?
The Wall Street Journal | February 24, 2012
I got a surprising e-mail from a real estate broker this week. The topic: How real estate agents have become “dinosaurs,” done in by technology and a growing do-it-yourself ethos. It isn’t often that I hear from a stranger heralding her own profession as obsolete, so I called her.

Where Are All the Home Sellers?
The Wall Street Journal | February 24, 2012
Inventories of homes listed for sale in January dropped by 6.6% from December to 1.77 million, the eighth straight month that listings have declined. For-sale listings are 23.2% below year-earlier levels and at the lowest point since the housing bust accelerated five years ago, according to data from Realtor.com.

Economists: 2012 is Looking Up
Washington Post | February 26, 2012
Economists are increasingly confident that some pillars of the economy will improve this year, but they still remain cautious in their expectations on the overall pace of economic growth.

Wells Fargo to Expand GSE-Free Mortgage Lending
HousingWire | February 24, 2012
Wells Fargo finalized a new division built to originate mortgages outside of Fannie Mae and Freddie Mac guidelines.

Buffett Says Banks Victimized by Excesses of Evicted Homeowners
Bloomberg | February 27, 2012
Warren Buffett, who controls the biggest shareholding of the No. 1 U.S. mortgage lender, said banks were victimized by some homeowners who refinanced their loans before getting evicted.

Nearly 1 in 4 Households Use Over 1/2 of Income for Housing Costs
DSNews | February 24, 2012
Even with falling home prices, a study from the Center for Housing Policy found that affordability is still becoming increasingly out of reach for homeowners and renters.

Bank of America Scales Back Its Involvement in Mortgage Market
The Washington Post | February 26, 2012
Bank of America’s decision to stop selling new mortgages to Fannie Mae seemed a surprising move in a government-backed market in which few other options exist. But even before Thursday’s announcement, the bank had been scaling back its share in the mortgage market dramatically in the past year.

Beware: Mortgage Fees Are Rising
The Wall Street Journal | February 26, 2012
Increased fees are sneaking into the overall cost of most mortgages. But given the ultralow interest rates these days, it’s likely few borrowers will notice.

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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