Seattle Real Estate:

The election on the proposed annexation area of Finn Hill, Kingsgate and Totem Lake into the city of Kirkland was November 3rd, 2009 and, as of yesterday, the votes are still so close that it’s unclear whether the proposed annexation areas (or PAA) are going to become part of Kirkland or not.
Requiring 60% approval to [...]

What happened with real estate in King County last month? Pretty much more of the same. You can see below that both average and median prices resumed a downward trend, we’re seeing an increased number of sales that pretty much follows seasonal trends, and it’s still taking a while for homes to sell.
This is information [...]

Real estate in 2009 is undoubtedly different than it was just a few short years ago - fewer sales are taking place, market times for sellers are longer, and prices have come down.
What does this look like for us here in King County? The numbers can be sliced many different ways depending on home style, [...]

There’s been a lot of squawking going on about appraisals lately. The HVCC, the Home Valuation Code of Conduct which applies to any loans to be sold to Fannie Mae or Freddie Mac, was devised in response to claims that pressure was inappropriately applied to home appraisers resulting in artificially high appraised values. There’s been [...]

If you live in Washington State and are in danger of losing your home, there’s a new resource that may be able to help you.

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Project Launched to Provide Free Legal Assistance to Homeowners Facing Foreclosure
WSBA Home Foreclosure Legal Aid Project [...]

As I was reading the headlines this morning I noticed that Seattle made Forbes Top Ten List for Recession Recovery. Here’s what they had to say:
Seattle-Tacoma-Bellevue, Wash.
Current GDP: $168.3 billion
End of 2010: $179.8 billion (projected)
Unemployment: 8%
Although battered by recession, the Seattle area’s high-tech economy is poised to start growing again. Moody’s estimates the economy will [...]

Summertime officially reached the Seattle area this past week - sunny days, high temps, and the warm weather chorus, “Are we there yet?”
You might be hearing that all too familiar query from the backseat…but as real estate practitioners, we’re hearing it from all corners. The answer?  In my opinion and in a word…no.
I’m willing to [...]

Are you a resident of Finn Hill, North Juanita, Kingsgate or Kirkland?  We received a postcard this week with the dates to the upcoming meetings regarding the Kirkland Annexation situation:
“The City of Kirkland is hosting three community meetings to present the latest information on the City’s potential annexation of the Finn Hill, North Juanita and [...]

In a headline today over at the Seattle PI they’re asking some questions namely, “Pending home sales up again, but will they close?” The article goes on to say:
“Pending local home sales continued to surge in May, but that has yet to start translating into more closed deals, according to a new report.
Buyers and sellers [...]

The following is excerpted from a HUD news release:
“…announced that the Federal Housing Administration (FHA) will allow homebuyers to apply the…$8,000 first-time homebuyer tax credit toward the purchase costs of a FHA-insured home.
…Today’s announcement details FHA’s rules allowing state Housing Finance Agencies and certain non-profits to “monetize” up to the full amount of the tax [...]