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Unemployment News

Unemployment is back to March 2009 levels, even though has dropped to 8.8%, this is a sobering commentary: http://www.king5.com/home/Unemployment-rate-falls-to-88-percent-two-year-low-119057874.html

Survey: U.S. Economy Over the Worst?

In another sign the American economy is on the comeback trail, a new survey from KPMG shows optimism is improving among U.S. manufacturing and service industry executives. Executives in both key sectors say the worst is behind us. The survey sh...

Fox Business says “Housing Market on its way to Recovery?”

If what goes up must come down, is the opposite true? If home prices go down, will they eventually go back up - or at least level off? The Wall Street Journal's Simon Constable says yes. He's predicting an end to the housing crisis.... this y...

February housing activity yields “reason for optimism”

Housing activity during February continued to reflect the downside of distressed properties with fewer sales and lower prices than a year ago. Nevertheless, there are reasons for optimism when taking a closer look at the numbers in the latest ...

Some interesting statistics from 2010 Seattle/King County area Real Estate:

The NWMLS reported: *More than 52,000 closed sales, valued at more than $17.6 billion. Reported an area-wide median price of $262,000 for single-family homes and condos that sold last year, down about 4.7 percent from 2008. *Area Wide 987 sales...

Why Not to Wait:

A great article on why not 'to wait for the bottom' to purchase a home: http://www.zillow.com/blog/research/2011/02/23/to-wait-or-not-to-wait-financing-versus-purchase-costs/

Where Do We Go From Here?

The recent articles that have come out based on the latest housing data (which in fact lag by 2 months) has compared our local market to some of the hardest hit markets in the country, namely Las Vegas and Phoenix. While it is true our month ov...

New Year’s Market Update

The new Case-Shiller report came out last week and the headlines are not good for home prices once again. Although the data released has a 2 month lag and is through October of 2010. The 20 city composite fell 0.8% from October 2009 and the 10 ...

King County Washington Update

The MLS reported a record number of pending sales for November (over 2.8%) which is usually a slower month for contracts to be written; that’s the highest November volume since 2006. The increase in sales is thought to be due in part to an up...

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