All Entries in the "Market Updates & Stats" Category

Home foreclosure filings up more than 100 percent in Seattle area

Home foreclosure filings in the greater Seattle area increased 115 percent in July compared to the same period last year, according to data released Thursday.
Filings in Washington state were up 94 percent from July of this year compared to the same month last year, according to RealtyTrac. The online service tracks foreclosure filings, which are [...]

Bellevue City Council Picks Preferred Light Rail Route

After nearly two years of effort, including a unique best practices project, the City Council Monday selected a preferred light rail route through Bellevue, part of a regional transit system expected to serve Puget Sound for the next century.

Economic Stimulus Projects in Washington

Below is  a link to the “shovel-ready” projects the mayors of Washington State submitted in the 2008 U.S. Conference of Mayors report. You can click on a project to read (and add to) its description. You can also discuss the project and vote on whether you believe it is critical or not. For a more [...]

Realtors: Do Not Install Internet Explorer 8!

The latest test version of Internet Explorer 8, IE 8, is now available from Microsoft. This version is not compatible with Locator. All of NWMLS’s applications will be compatible with the final version due later in 2009. IE 7 is the only compatible browser for NWMLS’s applications, so Until NWMLS announces compatibility with IE8 please [...]

Federal Reserve announces it will initiate a program to purchase the direct obligations of housing-related government-sponsored enterprises and mortgage-backed securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae

The Federal Reserve announced on Tuesday that it will initiate a program to purchase the direct obligations of housing-related government-sponsored enterprises (GSEs)–Fannie Mae, Freddie Mac, and the Federal Home Loan Banks–and mortgage-backed securities (MBS) backed by Fannie Mae, Freddie Mac, and Ginnie Mae. Spreads of rates on GSE debt and on GSE-guaranteed mortgages have widened appreciably of late.

King County Median Home Price – Now Under $400k

Housing activity for Northwest Multiple Listing Service members was disappointing last month, but not surprising, according to one industry executive. He and other representatives of the Northwest’s largest MLS believe the situation is improving.

Updated Renton Real Estate, Newcastle Real Estate & South Bellevue Real Estate Market Statistics (As of October 27th, 2008)

These numbers are based on a three month historical analysis that compares this week with last week.
MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)
Single Family Homes
Average Days on Market: 107 Days (Up from 105 last period)
Inventory of Active Listings: 542 (Up from 541 last period)
Inventory of Sold & Pending Listings: [...]

98008 Bellevue Market Update

The median single family home price in BELLEVUE 98008 this week is $593,500. Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.

Bellevue Real Estate Market Update – Week of October 20th 2008

The median single family home price in Bellevue this week is $895,000. The 769 homes have been on the market for an average of 142 days. Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.

Washington Center for Real Estate Research Supply/Demand Assessment for First Quarter 2008

The Washington Center for Real Estate Research (Washington State University) has produced its Supply/Demand Assessment for the First Quarter 2008. Some time has flowed beneath the bridge since close of report, but most assumptions continue to ring true.

Bellevue Real Estate Market Update – Week of October 10th 2008

The median single family home price in BELLEVUE this week is $890,000. The 765 homes have been on the market for an average of 137 days.

Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.

Sammamish Real Estate – Average Days on Market

Below are graphs illustrating average days on market for the City of Sammamish. Graphs include data from July 2007 – September 2008.
Click the charts for full size rendering

First-Time Buyer Tax Credit Provisions

Are you or someone you know a first-time homebuyer? Thanks to this year’s Housing and Economic Recovery Act, when you purchase a home you may qualify to receive a tax credit of up to $7500. The credit expires in June 2009; another reason why right now is the best time to be a buyer!

98004 Downtown Bellevue Statistics – SFH

98004 Statistics from June 2007 – August 2008
Click on graph for larger rendering

Woodinville Real Estate – Altos Quick Charts

At-risk Washington homeowners to get help in Countrywide settlement

Attorney General Rob McKenna Monday announced a landmark settlement brokered by Washington and other states requiring sub-prime lender Countrywide Financial Corp. to provide loan modifications for as many as 395,000 borrowers nationwide. As a result, nearly 10,000 Washington homeowners will receive about $200 million in payment relief.

CB Bain won't do 10-day real-estate sale around Puget Sound

On Friday, Coldwell Banker will begin a national real-estate sale Oct. 10-19, but local Coldwell Banker Bain brokers and agents in the Puget Sound area have chosen not to participate.

Bellevue Market Update – Week of October 3rd 2008

The median single family home price in BELLEVUE this week is $895,000. The 765 homes have been on the market for an average of 134 days.

Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.

King County home prices slide again, but more people are buying

While single-family-home prices in King County continued to drop in September, the number of pending sales was higher than a year earlier…Real Full Article
http://seattletimes.nwsource.com/html/realestate/2008234585_homesales070.html?syndication=rss

First-Time Buyer Tax Credit – Now is a great time to be a home buyer

The Housing and Economic Recovery Act of 2008 may allow first time homebuyers to receive a tax credit of up to $7,500. The credit expires in June 2009. The amount of credit is 10% of the cost of the home, not to exceed $7,500. This credit is refundable and will reduce your income tax liablility for the year of purchase when claimed on your tax return.