King County experiencing multiple offers and higher sales prices (PSBJ)

map-king-county

Fewer April home sales, higher sale prices in King County Puget Sound Business Journal Date: Thursday, May 5, 2011, 10:42am PDT There were fewer April home sales in King County compared with a year ago, but the average home sale price rose dramatically. In King County, there were 1,896 home closings last month, compared with… Read More

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Condo construction rules could challenge buyers (Seattle Times)

Condo construction rules could shut out buyers, hit builders The Federal Housing Administration has started limiting the number of buyers in condo buildings that can get loans insured by the agency. The rules also put restrictions on buildings with poor finances, too many delinquent owners and a high number of rentals. By ALAN ZIBEL and… Read More

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Short Sales Standarized Plan (Seattle Times)

Standardized short-sale plan may relieve big headache By Kenneth R. Harney Syndicated columnist WASHINGTON — If you’re in trouble on your mortgage and can’t get a loan modification, check out the Obama administration’s new standardized short-sale plan scheduled to roll out during the coming months. The program, outlined Dec. 1 by the Treasury Department, is… Read More

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US Treasury Stepping in on slow moving banks (Reuters)

US Treasury sets guidance on housing short sales Mon Nov 30, 2009 4:15pm EST More Business & Investing News… NEW YORK, Nov 30 (Reuters) – The U.S. Treasury on Monday set guidance on a plan for mortgage companies to use “short sales” and other loan modification alternatives to stem a rising tide of foreclosures. The… Read More

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Redfin October Newsletter: 61% of September Offers Competitive

We sent our monthly market update out to 126,104 folks this afternoon, a 6% increase from last month. If you’d like to get the newsletter by email, just sign up . Regards, Glenn Howdy Redfinnians! The data’s in for October, so it’s time for our high-speed, comprehensive summary of real estate trends. And the news is very similar to last month: prices are up for the third straight month, competition is increasing and sales volume resumed its march upwards. On the other hand, foreclosure

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