Seattle and Eastside Homes at TeamIrene.com
Seattle and Eastside home buying tips, real estate for sale and Seattle area market updates.
From the category archives:
The Seattle area real estate housing supply heat maps are out for February 2010 and show a significant shift from what was primarily a Buyer’s Market in 2009 (green, defined as over 6 months of housing supply) to a Balanced Market in 2010 (yellow, defined as 3 to 6 months of housing supply.) Red areas [...]
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Click ‘Play’ to hear me summarize proposed FHA loan program changes in 2010.
A few years ago FHA loans made up only around 3 percent of the home loan market. Now they make up closer to 50 percent, due to their lower down payment requirements (3.5.%) and less stringent qualification standards, combined with the virtual disappearance [...]
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Here are the October 2009 housing inventory supply numbers going back five years for selected Seattle areas.* Months of Inventory (MOI) refers to the number of months it would take the current housing supply to be completely sold if no new listings were added.
The geographical area is marked at the top left of each chart. [...]
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Here are the October 2009 housing inventory supply numbers going back five years for selected Eastside areas.* Months of Inventory (MOI) refers to the number of months it would take the current housing supply to be completely sold if no new listings were added. (Lower numbers = more seller-friendly market.)
The geographical area is marked at the [...]
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The Seattle and Puget Sound housing inventory numbers for July 2009 show that the real estate market is continuing to become more balanced. In the heat maps below red indicates a seller’s market, green indicates a buyer’s market, and yellow indicates a balanced market.
(Click on the map to see a larger image.)
A seller’s market is generally defined [...]
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If anyone you know is shopping for house rentals on Craigslist, please make sure they know about a scam that apparently has been going on for a while.
It was brought to my attention by an agent in my office whose client had called on a house advertised on Craigslist as available for rent at $2,200 a month. [...]
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Tastin’ n’ Racin’
June 6 to June 7, Lake Sammamish State Park, Issaquah
Spend a weekend at the beach looking at restored hydroplanes and runabouts. Enjoy food, live music, arts and crafts, as well as a Family Fun area.
20606 SE 56th Street, Issaquah
Maple Valley Days
June 12 to June 14, Lake Wilderness Park, Maple Valley
Have a fun-filled day [...]
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The New York times has a really interesting interactive graphic today about unemployment trends and how they relate to the end of past recessions.
Unemployment rose to 8.9% in April 2009, but this was actually better than expected and has some economists wondering if the slowing pace of new job losses means we’re seeing the beginning [...]
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Yesterday the New York Times ran an article that talked about how we may be seeing signs of a housing recovery in Sacramento County,which was hit hard and early by the housing crisis.
Sales are up 45% from a year ago, and other areas such as Las Vegas and parts of Florida are also showing significant increases.
Notably, prices [...]
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There’s been some interesting news on the economic front recently:
The Good:
Today the stock market recouped its losses for 2009 and actually turned positive for the year, apparently primarily due to early reports that stress tests of major banks may offer more detail and less bad news than originally expected.
This sent the S.&P.500 up 3.4% today, [...]
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