There are 22 blog entries for December 2010.
Monday, December 27th, 2010 at 12:19pm. 842 Views, 0 Comments.
This has been a year of real estate contrasts: While many consumers have taken advantage of historic buying opportunities and the market has seen a gradual stabilization of sales and prices, other challenges facing the nation have led some to question the value of home ownership for families, communities, and the country.
People are passionate about the American dream of home ownership, and this passion underscores how important home ownership is to our nation,” says National Association of REALTORS President Ron Phipps. “Owning a home has long-standing government support in this country because home ownership benefits individuals and families, strengthens our communities, and is integral to our economy. As we begin a new year, REALTORS® remain…
Thursday, December 23rd, 2010 at 3:55pm. 957 Views, 0 Comments.
Seattle area home prices were down 7.2 percent in October from a year earlier, putting the area 39th out of 45 areas nationwide, according to a new report.
Nationwide, prices were down 3.9 percent from a year earlier, according to the CoreLogic Home Price Index.
"We are continuing to see the weakness in home prices without artificial government support in the form of tax credits," CoreLogic Chief Economist Mark Fleming said in a news release. "The stubborn unemployment levels and seasonality are also coming into play. When you combine these factors with high shadow and visible inventories, the prospect for a housing recovery in early 2011 is fading."
The decline in King and Snohomish counties was larger than the 5.4 percent drop in September and…
Wednesday, December 22nd, 2010 at 4:00pm. 1,386 Views, 0 Comments.
Have you ever asked yourself, who is the holder of my mortgage note? Do you ever wonder what the life of your mortgage looks like? Just because you make your checks payable to Citibank or Bank of America doesn’t mean they own your loan. The fact is, they probably don’t even know who actually owns the note. Dan Edison with DTC-Systems performs securitization audits. He wanted to know the history of his own mortgage. He spent a year putting the diagram below together tracking the history of his own mortgage. Dan does this for a living and wanted to know the history of his loan and where it had been and the path taken to get their. He discovered that it had not taken the correct path.
What does all this mean for the average borrower? Unfortunately, not a…
Tuesday, December 21st, 2010 at 2:21pm. 947 Views, 0 Comments.
RealtyTrac, a California based company, said the numbers dropped 36 percent in Washington state. Nationally, such actions - processes ranging from an initial notice of default to actual repossession - were down 21 percent, which RealtyTrac said reflected a seasonal trend but also delays stemming from questions about the legality of some proposed foreclosures.
RealtyTrac said 4,067 properties in Washington had some sort of foreclosure action against them in November of 2010. The national rate for November was one in every 492 properties, a 21 percent decline from October and a 14.4 percent fall…
Monday, December 20th, 2010 at 3:32pm. 954 Views, 0 Comments.
Many contracts today utilize homeowner review periods as a contingency for the buyer. Many times they are used as outs for a contract, but there appears to be little a home seller can do to keep a buyer committed if they want out. As a seller what are some things you can do, and what should you be aware of with regards to homeowner's associations and real estate contracts. (Of course not all properties are members of and subject to a Homeowner’s Association, so this may not apply to your purchase or sale).
As a buyer, if the property you have made an offer on is part of a structured community or condo association, with mutually agreed rules and regulations, you will have some paperwork to…
Friday, December 17th, 2010 at 6:52am. 911 Views, 0 Comments.
|Priced at $249,000|
Greenbank, WA 98253
Charming cabin Lagoon Point
Wednesday, December 15th, 2010 at 10:54am. 975 Views, 0 Comments.
Tuesday, December 14th, 2010 at 8:38am. 985 Views, 0 Comments.
|Priced at $1,975|
Monday, December 13th, 2010 at 6:23am. 933 Views, 1 Comments.
NEW YORK – Homeowners who delayed locking in super-low mortgage rates — think close to 4 percent for a 30-year fixed — may have waited too long.
Rates are creeping back up, in part because of the tax-cut deal in Washington. Now those in the market to buy or refinance have to decide whether to take what's available or wait — and run the risk that rates will keep rising.
Freddie Mac, the government-backed company that buys and sells mortgages, said Thursday that average rates on 15- and 30-year fixed loans increased sharply from last week. It was the fourth straight weekly rise. Fixed rates had been the lowest in decades.
"People thought for a…
Saturday, December 11th, 2010 at 7:16am. 1,100 Views, 0 Comments.
Congratulations to Bridget Franklin of The Cascade Team Real Estate. Bridget is a 2010 winner of the Prestigious 5 Star Award for Real Estate Professionals for the greater Seattle area representing the Snoqualmie Valley. Below are the qualifications Bridget had to meet for this award.
FIVE STAR Real Estate Agents scored highest in overall satisfaction
The FIVE STAR Real Estate Agent Program is designed to identify and showcase real estate agents in a local market that score highest in overall satisfaction.
As part of an in-depth research process real estate agents are evaluated by their customers and real estate industry professionals based on customer service, integrity, market knowledge, communication and negotiation skills, closing preparation, helping…