David's Blog

15606 157th Ave SE, Renton 98058 Closing Date: 03/29/2011Listing Price: $259,900Sold Price: $248,500Bedrooms: 3Bathrooms: 2.5Year Built: 1991Square Feet: 2830Lot Size: 6,641 Square FeetMLS: 165297 This home is in a great location. It sits on a quiet cul-de-sac, near parks and recreation with eas...

The surge in home sales and a shrinking inventory pared down the month's supply to 8.1 months. This is down 1.4 months from November but remains 0.9 months above last year at this time. While still at a relatively high level historically, months of inventory has declined steadily from its peak of...

Housing affordability is 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 we...

According to BankRate.com, the average interest rate for a 30 year fixed mortgage is 4.75% today. 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. ...