Tag: housing prices

Why is the For-Sale Inventory So Low Today?

 Existing home inventory is low because… Many homeowners remain underwater: CoreLogic estimated 5.1 million owners ‘underwater’ as of Sept. 2014 Expiration of Mortgage Debt Forgiveness Act at end of 2013 reduced short-sale supply Foreclosure-to-REO flows have declined, thus REO sales down Many homeowners have no debt or low-rate debt…About one-third of homes owned ‘free and …

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May national home prices up 8.6% from 2013

Distressed sales down, but still there – 15% of all sales were either short sales or bank-owned.

King County Home Prices up 15% from 2012

The median price of single-family homes sold in King County last month rose to $426,000, a 15 percent increase from October 2012. October inventory higher than last year While the frenzy of home buying in early summer sent the median price to $434,000 in July, the highest level in five years, October’s activity showed a …

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As the leaves fall, so have house prices fallen in the Seattle area

Single-family home prices in King County saw a remarkable run from January to July, when the median price hit $434,000, a 24% increase in just seven months. Sounds like a 2006 market, doesn’t it? Then a jump in mortgage rates took some steam out of the market. In August, the median sale price slipped almost 1%. …

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Housing market seems to have turned… After seven years of pain, now comes the gain

Nearly seven years after the housing bubble burst, most indexes of home prices are bending up. Don’t take my word for it! Check the info below about the nation and Seattle, plus the additional references at the end. (Photo: Bloomberg News) NAR June Housing Report The June report from the National Association of Realtors revealed that …

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The ‘bottom’ here?!

Recovery just around the corner… or here? Experts have been calling a bottom for the housing market ever since the bubble began to collapse in 2006… and they’ve been uniformly wrong. So, are we finally there? David Stiff, chief economist of Fiserv, the financial-services technology company that produces the widely followed Case-Shiller indexes, says ‘yes.’ House …

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