Blog - Rion Real Estate

New HUD News on First Time Buyer Tax Credit

Friday, May 29th, 2009

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 [...]

Smart Growth in Seattle - Is it Really Smart?

Wednesday, May 6th, 2009

I attended a fascinating lecture Monday night about the concept of “Smart Growth” in development.
What is Smart Growth?  According to one ubiquitous internet source:
“Smart growth is an urban planning and transportation theory that concentrates growth in the center of a city to avoid urban sprawl; and advocates compact, transit-oriented, walkable, bicycle-friendly land use, including neighborhood schools, [...]

No Rentals: When Your Only Option is Off the Table

Thursday, March 12th, 2009

What do you do when your home doesn’t sell and you have to move on?  Renting is the answer for many property owners.  Whether being a landlord was part of an owner’s plan for investing in real estate or if it came as a last ditch effort to cover a mortgage, the increase of rentals [...]

Adjustment to “Distressed Homeowner” Law

Sunday, October 12th, 2008

Among the somewhat disheartening news recently for the real estate market, I found a positive tidbit.  The recent Distressed Homeowner Law that came with “unintended consequences” is in the process of revision.  According to the Washington Association of Realtors:
“The components of the legislation being finalized include a qualified exemption for real estate licensees subject to [...]

Planning and Zoning News in Edmonds

Monday, July 14th, 2008

I read an interesting article from the Edmonds Edition of the Enterprise Newspaper (you can see the original article here) about the proposed “Nuisance Ordinances”.  To summarize, the city council is proposing enacting different laws about the number and type of vehicles a person may have parked on their property, and other actions or conditions that may be [...]