Archive | June, 2010

Closing Deadlines for Home Buyer Tax Credit Extended

With the deadline looming today for home buyers to obtain their tax credit, a bill in the US Congress to amend the closing deadlines for the tax credit has been sent to the President for signing into law, after passage by the Senate and House of Representatives. Given the strong support for the measure, the [...]

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Extension to Home Buyer Tax Credit Deadlines Resurrected by House of Representatives

We reported yesterday that the extension to the June 30 home buyer tax credit deadline appeared unlikely to pass, as the tax bill it was attached to was shelved by the Senate. Inman News reports today that the measure is back as a standalone bill, which overwhelmingly passed in the House of Representatives. The measure could [...]

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Extension to Home Buyer Tax Credit Deadlines Seems Unlikely

The US Senate was considering a bill to extend the closing deadlines for the home buyer tax credit until September 30, but the measure appears dead. The proposal was actually not to extend the tax credit itself, rather to allow buyers who entered into a purchase contract before April 30, 2010, to still obtain the [...]

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Agent Greed Targeting Short Sales

Many sellers in today’s real estate market owe more on their mortgage than their home is worth. A lost job, reduced income, change in family status, or a need to relocate put these sellers in an awkward situation of not being able to afford to sell the home that they can no longer afford. Banks [...]

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Cool Retro Stuff for Your New House – Seattle Vintage Yard Sale – June 26th

Cool Retro Stuff for Your New House – Seattle Vintage Yard Sale – June 26th

Looking for something vintage or kitschy to outfit your new home? Check out this one-of-a-kind yard sale on Saturday, June 26th in Seattle. Fritzi’s – Handmade & Handpicked is having a two-day sale for “seriously cute junk & treasures”. Check it out of you are in the Maple Leaf neighborhood on Saturday. Here is a [...]

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Home Buying Seminars – Sign Up Now for a Class

Home Buying Seminars – Sign Up Now for a Class

Sign up now to attend one of these popular seminars. It’s the best 2 hours you can spend preparing yourself to buy a home! June 24 | July 8 | July 29 6:00 PM – 8:00 PM findwell offices: 920 Dexter Ave N, Seattle, WA (South Lake Union) Topics include: What To Expect: Current market [...]

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What percentage of the Seattle housing market is short sales?

I just ran some interesting statistics for the King-Snohomish-Pierce county housing market in 2010. As anyone who is active buying in the market knows, a fair number of properties are short sales, and short sales can represent lengthy bank approval processes and delayed closings. Short Sale Active/Pending Listings – As of June 16, 2010 King [...]

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Home Showing Traffic Statistics for Western Washington – June 13, 2010

Home Showing Traffic Statistics for Western Washington – June 13, 2010

The Northwest MLS recently started reporting “keybox activity” for their service area of ~19 counties in Western Washington. This is an indicator of how many buyers and agents are actively showing homes each week, and is a great leading indicator of sales activity. Not surprisingly, showing activity was strong in February-April and declined in May [...]

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Northwest MLS Seattle Real Estate Statistics for May 2010

Northwest MLS Seattle Real Estate Statistics for May 2010

The Northwest MLS has released their Western Washington real estate statistics for May 2010. Not surprisingly, sales activity declined after the home buyer tax credit expired on April 30. Median and average sale prices in King County continue to move in a fairly narrow range, with small upticks in median and average sale prices over [...]

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Congress Considers Extending Home Buyer Tax Credit Deadlines

According to an article today in the Wall Street Journal, Congress is now considering an extension to tax credit deadlines for home buyers which were set to expire on June 30. Before you get too excited, the proposed extension only applies to home buyers who were under contract to purchase a home by the April [...]

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