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seattle real estate: Every 10 Miles May Cost You Money - 07/14/08 12:27 PM
Will there be an unraveling of the housing market in the suburban fringes of Seattle? That is what is happening in other parts of the country according to a recent article in BusinessWeek. The article says that most of the overbuilding took place in the outer suburbs around the country in the last few years and now that the market has turned down, these areas are being hit the hardest.
We have been advising our clients for years to buy as close in to the city as possible. The idea of "drive until you can afford what you want" didn't make any sense to us. For … (3 comments)
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seattle real estate: Washington State Adopts a New Statue that may Hurt Distressed Homeowners - 06/13/08 04:48 PM
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It was reported today by CNN Money that Home Foreclosures in the U.S. has toped 1,000,000 with Nevada, Arizona, California, and Florida accounting for 89% of the total of all Foreclosures. California, Nevada, Florida, Arizona and Michigan exhibited the greatest price depreciation in all transactions in the first quarter. While Wyoming, Utah, Montana, Texas and Alabama saw prices for all transactions increase the most. According to the NWMLS the Seattle market also saw a slight increase in sale prices as well over the last two months.
And as people were loosing their homes at the highest rate on record for … (1 comments)
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seattle real estate: Are Lenders Responsible for a Continuing Downturn the Housing Market Today? - 06/11/08 10:59 AM
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Some say that lenders may be at fault for our tight Mortgage Credit crunch right now, and for all those people that got loans that were interest only or zero down and are now underwater on the property because prices have fallen and then can’t sell the home for what they bought it for etc. etc. etc.
It’s a lot more completed than that. Let’s take a look at this from the perspective of two Realtors that have been doing business in the Seattle real estate market for about 20 years.
First of all, a little over half of our … (8 comments)
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seattle real estate: Stop Reading the Newspapers!! Buy Seattle Real Estate in 2008 - 03/14/08 02:02 PM
Will Rogers once said that you only need to buy one newspaper in your life and just keep reading it over and over again because things don't really change. People in Seattle...take his advice!!
The economy in Seattle has been and continues to be strong. It's projected that Seattle will grow by about 1,000,000 people by 2020 and by a mere 100,000 by 2010. Housing inventories while they have increased since October of 2007 are still by all accounts pretty low. Mortgage rates are still at historic lows. Marketing times have increase by about 300% from about 20 days to over 60 … (2 comments)
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seattle real estate: It's Happening in Seattle - 10/11/07 03:37 PM
For the first time in several years, it looks like the Seattle Real Estate Market is headed for some kind of a downward adjustment. Although well over due by the way, it's still a little too early in the cycle to determine the extent of the downturn. How long will this adjustment last and to what extent will it go? It's anybody's guess right now. For the first 7 months of 2007 the Seattle Real Estate Market has seen some rather interesting trends. Inventories have gone up, number of sales went down, average marketing times increased, yet prices continued to go … (8 comments)
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seattle real estate: New Magnolia Listing Mid-Century Rambler on a Wonderful Lot - 09/13/07 11:01 AM
New Listing in Magnolia's Carleton Park with a Great Downtown Seattle City View
Address: 2608 37th Avenue West
Bedrooms: 3
Baths: 2.5
House Size: 1980 per King County Records
Lot Size: 8870 per King County Records
Year Built: 1939
Heat: Gas Forced Air
Offered At: $749,000
Special Features
A Wonderful Carleton Park Location
A Very Private and Large Lot that's Beautifully Landscaped
Light Filled Living Rm w/ Hardwoods & Wood Burning Fireplace
New in 2006 View Deck Running the Entire Length of Home
Updated Electrical In Basement & New Copper Plumbing
Sunny Updated Kitchen with Gas Range
Large Rec Room in Basement with Gas Fireplace
Den or Office Space in Basement plus a Charming 3/4 Bath
Rare 3 car Garage off Alley Built … (0 comments)
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seattle real estate: 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% … (8 comments)
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David Bell
Seattle,
WA
More about me…
RE/MAX Metro
Office Phone: (206) 283-9100
Cell Phone: (206) 200-7737
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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