… But mostly in the Midwest which may be experiencing a revival according to CNN’s Most (and least) affordable cities to buy a home. The good news is that the home prices of 72.1% of all residences sold during the three months ending Sept. 30 would allow people earning the median household income to afford purchasing a home. The ‘watch-out’ …
Tag Archive: real estate
Nov 18
Another reason real estate short sales take sooo long to close
So you made an offer on a short sale home which the seller accepted. Now you are waiting for the bank to accept your offer and approve the short sale. Unfortunately, even after all these years, the short sale process is still a mystery to many. And the most confusing part is usually the role the …
Nov 15
Leveling out of home values in King County, WA.?
Looking at median home prices in King County, WA, since 2007 The red bars in the chart above indicate the percentage change from 2007 to 2010 in the median price in King County, which covers Seattle, Bellevue, Redmond, Issaquah, Renton and parts of Bothell. While not as …
Nov 08
Bellevue: Best home deals
Bellevue, Washington, across Lake Washington from her sister city, Seattle, receives double kudos from CNN Money magazine.
Nov 06
Seattle area home prices have corrected to what year? And, you say that’s good…??!
Did you know that the Portland and Seattle housing markets have corrected the least as compared to the rest of the national housing market? Click on the link to check it out. Real estate values for cities that had the biggest “bubble markets” are back to 2000 to 2002 median prices—with Detroit back to 1995 prices… Ouch. Yet some cities …
Nov 06
Too Many King County Homes for Sale
The new reality: some sellers get it and… Problem: There are a ‘lotta-lotta’ homes for sale—and, they stay ‘For Sale’ a long time. Average days on market for King County ranged between 102 and 175 the past three months. To put that into perspective, October 2005 averaged 37 days on market. To buyers’ advantage, nearly …
Sep 06
New choices for housing market - or not?
What now? That’s the big question as the economy stutters along and home sales continue drop like a stone: July 2010 down 26% from July 2009. In his New York Times article, David Streitfeld commments: “If last year’s tax credit was supposed to be a bridge over a rough patch, it ended with a glimpse of the abyss. …
Sep 05
Home buyers and sellers walking different paths
Should be more home sales nationwide given the persistence of low interest rates, but not the case. Many sellers are forced to play ‘the waiting game,’ renting out their property until better pricing surfaces in real estate. But will it?
