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Housing activity during October shows mixed results with sales up, prices down, buyers still hesitant - 11/10/11 07:48 PM
FOR IMMEDIATE RELEASE: November 3, 2011
Housing activity during October shows mixed results with sales up, prices down, buyers still hesitant
KIRKLAND, WA, November 3, 2011. Befitting October and Halloween, last month's housing activity had both tricks and treats. Northwest Multiple Listing Service members reported solid gains in pending sales (up almost 21 percent from a year ago), consistent demand in many price ranges, a shortage of homes in a few categories, and some resurgence of move-up buyers.
Despite those encouraging indicators, prices were down almost 11 percent area-wide compared to a year ago and brokers say … (0 comments)
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City of Newcastle City Council Notice of Public Hearing - 11/07/11 12:05 PM
Notice is hereby given that the Newcastle City Council will conduct a public hearing on the Proposed 2012 Property Tax Levy and 2012 Revenue Sources: Tuesday, November 15th, 2011 at 7:00 PM. The hearing will take place in the Council Chambers at City Hall: 12835 Newcastle Way, Suite 200, Newcastle WA 98056.
Community members are invited to voice approval or disapproval on the issues during the public hearing. If you are unable to attend the public hearing, you may share personal throughts, feelings or comments in writing – until 4:00 PM on the day of the public hearing. Comments submitted to … (0 comments)
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Housing affordability was the most favorable on record in 2010. - 11/03/11 02:53 PM
Definition: The percentage of a median family’s income required to make mortgage payments (principal and interest) on a median priced home.
Unprecedented interest rates, low mortgage rates as well as the first-time buyer tax credit continue to contribute to improving affordability conditions.
The median mortgage payment (principal and interest) in 2010 consumed less than 15% of family income in comparison to the historical standard of 25%. 2010: 14.3%2009: 14.8%2008: 18.1%2007: 21.7%2006: 23.2%
14.3% in 2010 is the lowest on record (since 1970). In 2003, it was at 19.1% due to significantly lower mortgage rates that year.The highest price-to-income ratio ever recorded … (0 comments)
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Let's Put Mortgage Rates into Perspective - 11/03/11 02:50 PM
2003-2005: Mortgage rates were in the 5.8% range.
2006-2008: Mortgage rates averaged between 6.03%-6.41%.
Source: KW Vision Speach 2011
To find the value of your home, visit: http://www.davidjedwards.com/free-home-evaluation.aspTo search the MLS database of homes for sale, visit: http://www.davidjedwards.com/search-for-homes.asp
… (1 comments)
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Mortgage Rates - 11/03/11 02:36 PM
- Mortgage rates averaged 4.69% in 2010, an all-time low since Freddie Mac started its mortgage survey in 1971.- Mortgage rates ranged from 4.23% to 5.1% in 2010. At the end of December, rates stood at 4.71%.- In the week ending February 10th, rates stood at 5.05%.
In light of the risks associated with developments in Europe (i.e. Euro debt crisis), household and business deleveraging, businesses’ reluctance in hiring and the slowly recovering housing market which could restrain growth going forward, the Federal Reserve maintained its commitment to all of its accommodative policy programs.
The U.S. economy’s sluggish recovery set the … (0 comments)
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David Edwards
Renton,
WA
More about me…
Keller Williams Realty Southeast Sound
Address: 560 Naches Ave SW #100, Renton, WA, 98057
Office Phone: (425) 636-0296
Cell Phone: (425) 890-8045
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