Seattle Condo News: Backing Out of a Purchase
A client of mine sent this news article today that I thought is worth mentioning. <Thanks Harold!> It doesn't come as a surprise given the bubble's bursting last year to hear about some [...]
Zandi “very confident” we’ll hit bottom for end of 2009
Zandi sketched out his "timeline to recovery," which sounds fairly optimistic. The stock market bottomed out in the first three months of 2009, he believes. (He'd originally expected this to happen [...]
March 2009 Seattle Condo Market Stats
The March statistics are out. Are they looking as sunny as the weather we have been getting the last few days? Here is a quick look: Months of inventoryMonths [...]
Seattle Condo News
This has been in the news for a week but at first, I didn't feel like blogging about it since Thornton Place is kind of far away and their new [...]
4217 Fremont- Sealed Bid Auction
Remember 4217 Fremont Condos? The developer for this 6 unit condo had sold two homes and turned the remaining homes into rental units. Apparently, one of the owners is trying [...]
Queen Anne Condo Auction – by the numbers
As promised, here's a neat chart I whipped up showing the original listing prices and their ultimate auction winning price. As you can see, some people picked up 2BR units for [...]
Queen Anne High School: Inventory Close Out Auction Review
Queen Anne High School Condo is following the foot steps of Press Condominiums and Seventeen07 and will be auctioning their 12 remaining homes on Sunday, March 22nd at the Grand Hyatt Hotel [...]
Ruby Update
Fannie Mae's new guidelines requiring new construction to be at least 70% presold before they will fund loans has affected some projects in Seattle. One such case is Rollin in South Lake Union delaying [...]
Housing Rescue Plan
President Obama announced the Homeowner Affordability and Stability Plan today. Under the plan, many homeowners whose loan-to-value ratio was previously too high to refinance will now become eligible to refinance their [...]
Tax Credit for First-Time Home buyers
As part of the Economic stimulus bill, home buyers can now enjoy a tax credit worth $8,000 or 10% of the home's value, whichever is less. This is definitely an improvement from the current $7,500 tax "credit" [...]