Sam DeBord
Seattle Real Estate - Seattle homes, condos, waterfront, and houseboats.
ARCHIVED BLOG POSTS
2009
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Seattle residents will participate in the 7th Annual Lake Union and Portage Bay Sweep on Saturday, May 9. Local Seattle volunteers, homeowners, businesses, and government agencies will gather to clean up the waterfront shorlines of our in-city waterways. Last year, the Sweep netted over 3 tons o...
03/30/2009
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The Cheshiahud Lake Union Loop was ceremonially dedicated recently by Seattle Mayor Greg Nickels and residents of the Lake Union waterfront. There is a lot of work to be done, but the plans for improved access and recreation around the lake will benefit Seattle as a whole. The trail, named for a ...
03/28/2009
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Rates of interest on 30 year mortgages dropped to 4.85% this week, a 38 year low according to Freddie Mac.After the Fed's announcement of plans to buy $750B in MBSs and $300MM in Treasuries, the mortgage markets responded with the big drop. On top of the $8000 tax credit for first time buyers an...
03/27/2009
You may have heard about it on the news. Another Chinese product being imported to the U.S. with dangerous levels of chemicals. This time it affects our industry. Toxic Chinese drywall is creating disastrous conditions for home builders and buyers in the Southeast. Some developments in Florida...
03/26/2009
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The Seattle Times had a great report this weekend on the advantages of buying for first time home buyers. The market conditions are perfect in Seattle for a first time buyer to get a great deal on a home. Interest Rates are Historically low Mortgage payments will therefore be more affordable Low...
03/24/2009
Some more good news for the local housing market. With Washington State residential sales up 5% from January to February, we had an even bigger bump in King County at 8%. There is almost always a bump in sales as we head towards spring, but these numbers look significantly better than a normal ...
03/24/2009
Nutria are non-native animals to the Seattle area, and they have quickly gotten a bad reputation as having a negative impact on the waterfront real estate and natural environmental habitats of our lake and river communities. They were imported from other countries decades ago, and have recently ...
03/18/2009
One bright spot in real estate news: Apparently, new construction of homes has taken a big jump in February. Although the market is still tough for builders, it looks like the numbers are starting to turn around a bit. New home construction rose 22% from January to February, and applications fo...
03/17/2009
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A new law passed by the Federal Government has created a permanent ban on banks getting into the real estate brokerage and management business. At stake was banks' desire to house mortgage lending and a real estate brokerage under the same umbrella, creating a one-stop-shop for real estate trans...
03/14/2009
Mortgage "cramdowns" are being pushed in government legislation as we speak. For borrowers who are in Chapter 13 bankrupcty, a cramdown is when a bankruptcy judge is allowed to lower the actual balance of the insolvent borrower's mortgage. This is the peak of a number of homeowner-rescue tacti...
03/12/2009
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