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A Light at the End of the Tunnel

This is a great article and sums up the current housing market here in Seattle:NEW YORK (CNNMoney) -- Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain h...

Seattle-Bellevue-Everett Prices Firming

7 Metros Where List Prices Soared Last Month Daily Real Estate News | Wednesday, April 18, 2012Nationwide median list prices rose more than 5 percent in March compared to February, according to Realtor.com housing data of 146 markets. The media...

Spring Recovery

The spring selling season is well under way with consumer confidence on the rise, all time low interest rates and some pent up demand, the market appears to be making a recovery at least here locally. Pending sales last month were up 27% and in...

2012, What’s Ahead?

Buyers mentalities appear to be changing from buying a home because it will appreciate in a few years to buying a home for lifestyle reasons. A lot of buyers seem to have purchased a home last year because they needed more square footage or a b...

Fall 2011 Seattle Area Real Estate Update

With inventories down close to 20% year over year and sales up over 30% in September, this has resulted in stiff competition for move-in ready homes that are priced right in good neighborhoods. However there is a lot of cross currents in the ec...

August Update

There has been a great deal in the news to cover lately with the stock market's wild swings, unemployment ticking up slightly, down grading of US debt to AA+, housing market news and the Fed's announcement to not raise rates for 2 years. We h...

Multiple Offers are Back?

We are seeing some healthy late spring selling in our local area, the first in a couple of years that has not been propped up by government intervention. We've been building momentum for a couple of months as inventories have been low and with ...

Multiple Offers and Inventory Shortage? What’s Up?

In a recent John L Scott Luxury Portfolio meeting, some new and interesting data is immerging in what has been the most devastating real estate market in decades. After the double dip last spring into fall caused by the tax credits that pushed ...

Foreclosures Filings Hit 3-Year Low

U.S. foreclosure filings fell in the first quarter to the lowest level since early 2008 amid an ongoing backlog following last year's halt in activity, according to a RealtyTrac report on Aril 14th 2011. Default notices, scheduled auctions an...

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