Case-Shiller Update – Seattle Real Estate July 2010
July 27, 2010 by Erin Schedler · Leave a Comment
The S&P/Case-Shiller Home Price Indices are the leading measures for the US residential housing market, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions. The indices are calculated monthly and published with a two month lag. I think it’s one of the better measurements of the [...]
Tips When Shopping for a Condo
July 26, 2010 by Erin Schedler · Leave a Comment
When helping a buyer shop for condos, I make sure to answer the following questions:
How many of the other units are sold?
These days, lenders are very wary of mortgaging condos, since so many buildings are in financial distress. Often times, if a newer building has not sold all the units (or has only half sold), [...]
Are you paying the mortgage but not on title?
July 8, 2010 by Erin Schedler · Leave a Comment
Being on one does not mean you’re on the other! Just because you are contributing to the mortgage payments does not necessarily mean you have legal claim to the property.
I have heard too many times of spouses contributing to a mortgage payments, home remodels and repairs but never taking the time to get their name on the property title [...]
Windermere and Laurelhurst Trend Update | July 2010
July 7, 2010 by Erin Schedler · Leave a Comment
Real estate trends for the Windermere and Laurelhurst neighborhoods in Seattle, WA. Take a look at the remaining inventory – it’s dropping very quickly! From what I can tell, buyers are very nervous these days because they don’t know where “bottom” is and are scared to buy should prices keep dropping. Sellers are also anxious [...]
Queen Anne Residential Report | July 2010
July 7, 2010 by Erin Schedler · Leave a Comment
Below is the most current report on real estate trends for the Queen Anne neighborhood. It’s hard to find any significant trends in the sold homes, though list prices seem to be coming down in general.
Courtesy of Trendgraphix.
Budgeting to Buy a House
June 30, 2010 by Erin Schedler · Leave a Comment
One of my favorite lenders, Julie Jones, recommended a new website to me yesterday that I instantly fell in love with! Www.mint.com is a one-stop place to organize all your accounts, budget, and track your investments and net worth. For those less trusting of the internet, it’s probably not for you. However, I found it very [...]
Best & Worst Cities for Recession Recovery
June 29, 2010 by Erin Schedler · Leave a Comment
Who Lands Where?
Forbes.com has speculated ten cities poised for recovery and names the ten cities that will struggle the longest. What is interesting to note is the clusters of recoverable areas and the clusters of areas that may continue to struggle. Texas makes up 40% of the Top 10 while California makes up 50% of [...]
Let’s talk Seattle condos
June 24, 2010 by Erin Schedler · Leave a Comment
Residential homes have been one thing, but condos have been another. In 2005/2006 Paul Allen and few other major developers got to work and there was a HUGE influx of new condo buildings in downtown Seattle, Belltown and South Lake Union. When the market crashed, we were left with a lot of inventory – especially [...]
Senate Backs Extending Deadline for Housing Tax Credit
June 16, 2010 by Erin Schedler · Leave a Comment
Senate Backs Extending Deadline for Housing Tax Credit
Published: Wednesday, 16 Jun 2010 | 3:47 PM ET
By: Reuters
The Senate voted Wednesday to give homebuyers another three months to settle on their contracts and take advantage of a popular tax credit that sparked a rush of activity in the housing market.
The Senate, with a vote of 60-37, [...]
Seattle Condo Market Status – June 2010
June 14, 2010 by Erin Schedler · Leave a Comment
Above is a chart showing the condos for sale in Seattle in the last year. You’ll see that inventory has increased 11% since May of last year. The “peaks” in pending sales were around the time of the stimulus tax credit deadlines, which probably accounts for the downward trends following these dates as well.
Overall the condo [...]
