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seattle: More Home Foreclosures in Seattle's Future? What to do? - 06/23/08 02:29 PM
It was reported last week that home foreclosures have exceeded the 1 million mark nation wide. Most of those however are located in other states. Washington State accounts for less than 1% of all foreclosures nationally. Most of these foreclosures nation wide have been blamed on adjustable rate mortgages, when the buyer was offered a "teaser" rate then saw their house payment increase significantly over the next couple of years while their income only went up slightly. We believe that some of the foreclosures in the Seattle area have and will be the result of buyers paying too much for the
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seattle: Trends in Seattle Real Estate that they don't teach you about in school - 08/16/07 01:37 PM
We have analyzed the Seattle Real Estate listing and sales figures over the years so we can see early trends and patterns of what is happening in a our local real estate market. In looking at the figures below for King County Washington, which is basically made up of the Greater Seattle and Bellevue area we see and very unusual trend this year. Inventories are increasing, total number of home sold are decreasing, yet home prices and going up. The average sales price in January of 2007 for King County was $464,283 and in July it was $501,689 for a slightly over a 7%
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David Bell
Seattle,
WA
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RE/MAX Metro
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