David's Blog

658 Lind Ave NW Renton WA 98055 Closing Date: 04/29/11Listing Price: $320,000Sold Price: $300,000Bedrooms: 4Bathrooms: 2.5Year Built: 2007Square Feet: 2620Lot Size: 4,000 Square FeetMLS: 188867 This was a single family home with 2,620 square feet, 4 bedrooms and 2.5 bathrooms within the communit...

Mortgage rates jumped above 5% for the first time since April 2009 in January. While rates dipped back to just below 5%, they are expected to continue an upward trend throughout the year. As overall economic recovery remains on track, rates will likely rise to keep inflation in check. Buyers want...

The uptick in home sales and a shrinking inventory pared down the month's supply to 7.6 months, a decrease of 7.3% from December and 1% from year-ago levels. This is the lowest level in more than a year and marks the first time since July that the month's supply is below where it was the previous...

There are now 3.38 million homes on the market, down 5.1% from December and only 3% above year-ago levels. More and more buyers are taking advantage of today's exceptional affordability conditions. Expected improvements in lending standards and job growth will create great opportunities for buyer...

Home prices softened in January with median home prices decreasing slightly to $158,800 - 3.7% below the year-ago level. Contributing to this is a larger share of distressed homes sales, which accounted for 37% of sales in January compared to 30%-35% throughout much of 2010. Prices and mortgage r...

The increasing trend in existing home sales activity continued through January, and for the first time rose above year-ago levels when the home buyer tax credit was in effect. This marks the sixth monthly increase since July when the tax credit expired, and indicates a recovery that's gaining a f...

NWMLS: FOR IMMEDIATE RELEASE: April 6, 2011 KIRKLAND, WA, April 6, 2011.  Last month's pending sales fell below year-ago totals in Western Washington, but brokers say the market is faring quite well, considering last year's activity was boosted by federal tax credits.  The latest report from Nort...

12304 Glenwood Ave SW Lakewood WA 98499 Closing Date: 04/08/2011Listing Price: $237,000Sold Price: $225,000Bedrooms: 3Bathrooms: 2Year Built: 1952Square Feet: 1710Lot Size: 17,500 Square FeetMLS: 143495 This immaculate move-in-ready home has been maintained and upgraded throughout. The fenced ya...

The market has shown remarkable improvement from the initial drop after the expiration of the home buyer tax credit this past July. Although higher-than-normal distressed sales skew the overall picture of home prices downward, inventory continues to shrink and sales continue to rise. The rock-bot...

Bank-owned foreclosure listings (REOs) and short sale listings both present a great opportunity for value among buyers. Prices can be as much as 30% below the traditional resale market in some areas, and in other areas distressed properties are the market. Either way, experts agree there's value ...