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Seattle Home Prices Tick Up, Inventory Down, Multiple-Offer Sales Increase - 05/31/11 06:58 PM
I was speaking with a reporter at Fox News Radio today about the current real estate market and the new Case-Shiller statistics on home prices. While the general drift of the story is that home prices are at their lowest point since 2006, there were a couple of bright spots that they wanted to highlight, one of those being the Seattle market. While 18 of the 20 cities that were compared showed flat prices or price drops last month, Seattle was one the of the two cities that actually showed a home price increase, albeit a very small one. Home prices (2 comments)
What are QRMs? Qualifying Residential Mortgages Are Government’s Newest Mistake In The Real Estate Market - 05/25/11 11:26 AM
QRM: Qualifying Residential Mortgage A quick primer on the issue with the potential to turn the real estate market upside down, once again. The federal government has been looking for new regulations to prevent another real estate market collapse like the one caused by the shoddy lending standards and subsequent mortgage defaults and foreclosures of the past few years. Classifying mortgages in to "safer" categories is the latest plan, and it has wide-reaching effects. Congress is considering requiring all banks and mortgage originators to keep a small percentage of the risk from the mortgages they originate on their books. While lenders can (2 comments)
Some of the better values in Bellevue waterfront real estate come in the Newport Shores neighborhood. This area provides calm waters and moorage in the man-made canals that dissect the quiet neighborhood. On the West shore of Lake Sammamish, there are also waterfront Bellevue homes that sometimes sell near the $1 million mark. At the top end of the sales are the Lake Washington waterfront homes near downtown (0 comments)
Seattle Waterfront Home Sales Increase, Median Prices Up - 05/23/11 12:45 PM
Sales of waterfront homes in King County are still on the increase. Year-to-date, we've seen 152 waterfront homes sold in King County in 2011, up from 146 waterfront sales during the same period last year. The moderate increase this year is welcome news for the luxury real estate market, as well a major boost over previous years. In 2009, only 75 waterfront homes had sold at this point in the year.
Median prices were also up, with the median waterfront home sold in King County on the NWMLS at $690,000 in 2010, increasing to $750,000 in 2011. Median prices are a (0 comments)
CNNMoney: Seattle Top City To Buy, Buying Beats Renting - 05/16/11 07:04 PM
Two researchers recently studies 23 major US Cities and the prospect of buying vs. renting in each city. Their report, as published on CNNMoney, shows that not only does buying beat renting in Seattle, but Seattle was the top-ranked city for the financial benefit of buying. The study was based on the effects of saving nominal money upfront renting, and then investing it in some other outlet. With the positive gains projected for the Seattle real estate market and housing in general, the long-term financial picture is significantly better for home buyers in our market. "Of the 23 cities Beracha and (2 comments)
Lake Union Moorage and Docks: Seattle Waterfront Homes and Marinas - 05/10/11 10:54 AM
Moorage on Seattle's Lake Union houses a large percentage of the area's boats. Because of the freshwater moorage and easy access to Lake Washington and Puget Sound, there are around 30 marinas from the ship canal to Lake Union, and Portage Bay. These range from commercial fishing marinas to houseboat and recreational vessel moorage. Lake Union's shore is dominated by commercial spaces and marinas, so the number of waterfront homes with moorage is very limited. One of the most-likely places to find a home with additional moorage is in the floating homes along Fairview Ave in Eastlake, and across the lake (0 comments)
Perched above Lake Washington's shoreline, this home's entire living space is centered around walls of West-facing windows, capturing picturesque sunsets over the Olympic Mountains. Extremely rare covered deepwater moorage provides a unique opportunity for boat owners.
Located on a quiet street in Kennydale, this waterfront estate exudes comfort and relaxation. The open kitchen and dining spaces flow freely to the living room and view deck. Lower (1 comments)
Lake Washington Docks: Waterfront Real Estate With Moorage in Greater Seattle - 05/07/11 09:46 AM
Homes with docks on Lake Washington's waterfront aren't hard to find, but the different sizes, styles, and depths at these docks can make for very significant differences in the value of the homes. Waterfront real estate on Lake Washington, in most cases, has more value in the land than it does in the home. While there are certainly exceptions, you'll find that many houses' values account for only 20%-40% of the total price, with the waterfront land being the more valuable portion. With that in mind, the shoreline, views, and moorage situation become critical to that property's value. Docks are particularly sensitive because (0 comments)
Common Myths: How To Choose A Real Estate Agent/Choosing A Realtor - 05/04/11 12:10 PM
There are generic guides printed every year purporting to have the magic recipe for selecting the best real estate agent/Realtor for you in 10 easy steps. The simple fact is, there are different "best agents" for different clients' situations. Most of these "how to guides" consist of half good information and half fluff. Here are some common myths and mistakes that consumers make in selecting an agent: Myth: Interviewing 3 agents is the most important step Realtors and Real estate agents are real estate salespeople. Interviewing a salesperson directly only gives you that person's opinion of himself or herself. You should be researching an agent, (3 comments)
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.