Uncategorized Now is the time to sell or purchase!   Buyers closed on nearly 1800 houses in King County last month, 13% more than September 2011.  The median price of single family homes sold has been in the $375,000 to $380,000 range since June Distressed home listings (short sales & bank owned) are down 60% from last year.  The real estate tide has changed and the […]
Uncategorized Confidence has returned to Seattle! Did you know…The median price of single family homes sold in June 2012 in King County was $380,000, up 10.4% from June 2011.  The 1st double digit increase in nearly 5 years!  Distressed home listings (short sales & bank owned) are down 60% from last year.  The tide has changed and the feeling of confidence […]
Uncategorized Are we out of the woods? This week’s reports show that January New Home starts rose to the highest level since October 2008 and Weekly Jobless Claims fell to the lowest level since March 2008! Are we out of the woods? What do you think?
Uncategorized Mortgage Payments are lower that Rent Payments FHA rates this morning are back down to 3.75% with no points!!! With a small seller credit towards non recurring closing costs and pre paid items, buyers can get into a home for basically the 3.5% down payment alone! So for someone purchasing a $225000 home the $7875 down payment (which can be all gift from […]
Uncategorized Check out FHA 30 yr fixed rate – Record NEW Low Wow! Check out the FHA 30 year fixed rate this week…its at a new record low of 3.5%!!! Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. Bonds and home loan rates are […]
Uncategorized How will the EU Summit affect Home Loan rates? So what were the results of the EU Summit? Leaders agreed to a new, tighter “fiscal integration” across the Eurozone. This means that a new treaty will be drafted, setting guidelines such as annual budget deficits being limited to 3% and failure to meet guidelines like these would automatically spark disciplinary procedures. As expected, Germany […]
Uncategorized FHA Loan Limit is restored ! Great news, yesterday FHA’s loan limit was restored to $567,500 from the current $506,000. As of today the lenders are still in the process of updating their systems to allow for the higher loan amounts. I imagine we should see these changes in the coming weeks. What does this mean for you ??  Buyer’s can […]
Don't Miss Our Next Post
Subscribe Now