Is your head spinning with questions about foreclosures? I’ve had three clients ask me how the foreclosure process will affect real estate sales in Washington State. I’m not sure anyone can answer that question completely right now. This week I heard an NPR news story about mortgage backed securities now asking banks take back certain…Read More »
A 3.8% Sales Tax when selling a home? My client had heard about this from a friend last week. He emailed me the other to day ask if the health care bill included a 3.8% sales tax when selling a home. I was pretty sure this was not exactly right, but thought I should check…Read More »
(The absorption rate, the percentage of condos selling, is the number of condos for sale in any given month divided by the actual number of condos sold that month. So if the absorption rate or chance of selling is 10% that means out of 100 condos for sale, 10 received offers and sold.) June, 2010 1487 condos for sale …Read More »
There’s no “red” on the Seattle-eastside real estate map, which means there were no seller’s markets in June, 2010. The Seattle-eastside real estate market has turned “yellow” for a market balanced between buyers and sellers, and “green.” “Green” on the map indicates a buyer’s market. It’s not surprising to me that certain areas stay as…Read More »
I remember when I bought my first home in the mid 1980′s. I was so excited, the interest rate was at the bottom of the double digits, considering what the early 80′s had to offer with rates in the high teens. I had friends who purchased in Brooklyn, NY in the early 80′s and were…Read More »
During May “green” crept back into a number of Seattle areas. One large area on the eastside, Woodinville, Bothell, Kenmore, Duvall, and north Kirkland was “green,” back as a buyer’s market. April was the first month in a very long time in which there was no ” green,” no buyers’ markets in almost all the…Read More »
The odds of selling a home on the Eastside in May, 2010 ranged from a low of 12% to a high of 20%, with an average 16.5% absorption rate. Contrast this with April, 2010 odds with a low of 20% to a high of 35%, averaging a 27% absorption rate. May’s numbers look more like…Read More »
Was your home built before 1978? If so, then if you do any painting or remodeling you or your contractor have to follow new federal guidelines for painting and renovating homes built before 1978. From The Wall Street Journal: As of late last month, businesses that repair or renovate older buildings—specifically homes, schools and daycare…Read More »
The odds of selling a home on the Eastside in March, 2010 ranged from a low of 18% to a high of 34%, with an average 27% absorption rate. (The absorption rate is the number of homes for sale in any given month divided by the actual number of homes sold that month.) March, 2010 2923 homes for sale 778 …Read More »
(The absorption rate, the percentage of condos selling, is the number of condos for sale in any given month divided by the actual number of condos sold that month. So if the absorption rate or chance of selling is 10% that means out of 100 condos for sale, 10 received offers and sold.) November, 2009 1289 condos for sale …Read More »