JUST REDUCED! Bank Owned Home in Renton's Summerfield Neighborhood - 01/31/11 11:58 AM
Posted by David Edwards under For Buyers, For Realty Professionals, Listings, Prices, Fairwood
15606 157th Ave SE, Renton 98058

Price: $259,900Bedrooms: 3Bathrooms: 2.5Year Built: 1991Square Feet: 2130Lot Size: 0.15 AcresMLS: 165297
This move-in-ready home is in a great location on a quiet cul-de-sac, near parks and recreation with easy access into or away from the city. The home boasts an open floorplan. The kitchen features a double oven and heated floors. The master suite has a built in ceiling fan, jetted tub and a large walk in closet. The additional upstairs bedrooms conveniently share a private full bathroom. There is a … (0 comments)

The Hidden Cost of Credit - 01/27/11 01:23 PM
Last month Dustin Van Wyck from Cobalt Mortgage blogged about the hidden cost of credit, which are risk based adjustments to interest rates as a result of less than perfect credit. This is his latest post that continues on this theme as those risk based adjustments were increased AGAIN as of 1/14/11! Thank you Fannie Mae.
Recall the previous example below where we showed how Zoey Brooks' credit was costing her $5,400:
The takeaway from this is that if you waited to lock in your rate, you had to account for these adjustments taking place. In other words, all things equal … (4 comments)

Use the Season to Your Home-Selling Advantage - 01/26/11 12:39 PM
While summer is generally known as the peak season for home sales activity, the winter can also offer great advantages for sellers - such as less competition from other sellers. With a little effort, you can use the season to your home-selling advantage. 
Let's put these ideas to work, so your home shows at its best.
Keep snow and ice at bay. If the buyer can't get in easily, the house won't sell. That means keeping walkways and driveways free of the frozen stuff. You want to make the home look well maintained.
Warm it up. Think warm, cozy, and homey. … (0 comments)

What's the Impact of December's Tax Break Extension on Real Estate? - 01/25/11 12:18 PM
President Obama signed an $858 billion tax bill into law on December 17, keeping income tax rates from increasing before the new year.
The legislation…
Extends the Bush-era income tax cuts on income, capital gains, and dividends for two years
Reduces Social Security payroll tax rates by 2% for one year on income up to $106,800
Extends jobless benefits for 13 months Allows businesses to write off 100% of capital investments between September 9, 2010 and December 31, 2011.
Extends dozens of expired and expiring tax breaks, including a research and development tax credit and a college tuition tax credit that … (0 comments)

Housing affordability set a new record in November. - 01/24/11 01:03 PM
Affordability  is bsed on the percentage of a median family's income required to make mortgage payments on a median-priced home.
The relationship between mortgage rates, home prices, and family income is the most favorable on record for buying. The home price-to-income ratio continues to remain well below the historical standard. Stabilizing home prices and rising interest rates are expected to begin drawing affordability back up toward more normal levels.
To find the value of your home, visit: http://www.davidjedwards.com/free-home-evaluation.asp To search the MLS database of other homes for sale, visit: http://www.davidjedwards.com/search-for-homes.asp
… (0 comments)

Mortgage rates are inching up but remain historically low. - 01/20/11 12:55 PM
This trend continues to support home buying as it translates to significant savings for buyers. As overall economic recovery remains on track, rates are expected to rise to keep inflation in check.
To find the value of your home, visit: http://www.davidjedwards.com/free-home-evaluation.asp To search the MLS database of other homes for sale, visit: http://www.davidjedwards.com/search-for-homes.asp
… (0 comments)

Steady Progress Being Made Towards Inventory Reduction - 01/19/11 12:58 PM
A steady increase in home sales and a shrinking inventory are cutting down the month's supply to 9.5. This is one month down from October and one and a half months below last year. While still at a relatively high level, months of inventory has declined substantially since its peak of 12.5 months in July.
To find the value of your home, visit: http://www.davidjedwards.com/free-home-evaluation.asp To search the MLS database of other homes for sale, visit: http://www.davidjedwards.com/search-for-homes.asp
… (1 comments)

The number of homes on the market continues to decline. - 01/18/11 11:48 AM
Total inventory fell to 3.71 million in November from 3.86 million in October. This reflects the increasing response from buyers to improved affordability conditions. As lending standards return to historical norms and consumers become more confident about their financial situation, more people will be able to buy their first home, move up, or invest.
To find the value of your home, visit: http://www.davidjedwards.com/free-home-evaluation.asp
To search the MLS database of other homes for sale, visit: http://www.davidjedwards.com/search-for-homes.asp
David J Edwards
Real Estate Agent & REALTOR
Edwards Real Estate Group, Inc.
Keller Williams Realty Southeast Sound
Phone: 425-636-0296
Fax: 425-902-1899
E-Mail: David@EdwardsRealEstateGroup.com
Website: http://www.EdwardsRealEstateGroup.com
… (0 comments)

Home Prices Continue to Stabilize - 01/17/11 11:36 AM
Median home prices edged up slightly to $170,600, 0.4% above year-ago levels. Distressed homes have accounted for a fairly stable market share, representing 33% of sales in November. This is on par with the 34% in October and 33% in November 2009. Historically favorable interest rates, coupled with stable home prices, continue to offer advantageous buying opportunities .
To find the value of your home, visit: http://www.davidjedwards.com/free-home-evaluation.asp
To search the MLS database of other homes for sale, visit: http://www.davidjedwards.com/search-for-homes.asp
… (1 comments)

Existing home sales resumed on an upward trend since bottoming in July. - 01/13/11 01:30 PM
Sales activity rose to a seasonally adjusted annual rate of 4.68 million in November. This was up 22% from July and 5.6% above the 4.43 million level in October, but remained 27.9% below the 6.49 million tax credit rush a year ago. As steady job creation is expected to continue, industry experts are hopeful for 2011.
To find the value of your home, visit: http://www.davidjedwards.com/free-home-evaluation.asp
To search the MLS database of homes for sale, visit: http://www.davidjedwards.com/search-for-homes.asp
 
… (1 comments)

Real Estate Market Commentary - 01/12/11 01:07 PM
The housing market is recovering. As more home buyers are taking advantage of the improved affordability conditions. With mortgage rates hovering around recent record lows and home prices having generally stabilized, economists are expecting an upward trend to a healthy and sustainable level in 2011.
Encouraging signs are showing up across the economy. Retail sales recently hit their highest level since before the recession. Key measures of small and big businesses’ optimism marched back up to prerecession levels and new claims for jobless benefits are trending lower. Together they bode well for steady job creation and improved consumer confidence which is … (0 comments)

This Month in Real Estate - January 2011 - 01/11/11 12:40 PM
… (0 comments)

Western Washington home sales during December nearly equals year-ago levels - 01/10/11 12:20 PM
KIRKLAND, WA, January 5, 2011. December's volume of pending sales around Western Washington nearly matched the total for the same month a year ago, which was the best December since 2006. Sellers accepted offers from 4,359 buyers last month, only 40 fewer than a year ago when members of Northwest Multiple Listing Service reported 4,399 pending sales of single family homes and condominiums. In 2008, members notched 3,255 pending sales, down from 2007's total of 3,950 pendings and the 2006 figure of 5,744 mutually accepted offers. Eight counties had year-over-year increases in pending sales for December, with two others equaling the … (0 comments)

Just Listed! Bank Owned Home in Renton’s Summerfield Neighborhood - 01/05/11 12:31 PM
15606 157th Ave SE, Renton 98058

List Price: $272,900
Bedrooms: 3
Bathrooms: 2.5
Year Built: 1991
Square Feet: 2130
Lot Size: 0.152
Acres MLS: 165297
Property Website: www.EdwardsRealEstateGroup.com/165297.asp
Great location that sits on a quiet cul-de-sac, near parks and recreation with easy access into or away from the city. Open design for the kitchen/living room with a kitchen that features a double oven and heated floors. Master Suite has built in ceiling fan, jetted tub and a large walk in closet. Upstairs bedrooms conveniently share private full bathroom. Two car garage with plenty of shop/storage space great for DIY projects.
… (0 comments)