Northwest MLS Brokers Report $17 Billion in Home Sales During 2009
KIRKLAND, Wash. (Jan. 26, 2010) – Members of Northwest Multiple Listing Service tallied more than 52,000 closed sales of single family homes and condominiums during 2009, about 3.7 percent fewer than the total for 2008. Last year’s completed transactions had a combined sales value of… Read More
Foreclosures affect on appraisals (Associated Press)
January 17, 2010 By Leave a Comment
Foreclosures weigh on home appraisals
It appears that in neighborhoods with high foreclosure rates, values for all homes are being pulled lower than in areas where there are few or none.
By Alex Veiga
The Associated Press
LOS ANGELES — It wasn’t the first time that Katherine Scheri ruined a real-estate agent’s day with a low property appraisal.
Scheri, a… Read More
US Treasury Stepping in on slow moving banks (Reuters)
December 2, 2009 By Leave a Comment
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 Home… Read More
Seattle-Area Foreclosures Appear to Resume Pre SB-5810 Rise
October 15, 2009 By Leave a Comment
Time for our September update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: September 2009 King: 796 NTS, up 31% YOY Snohomish: 421 NTS, up 42% YOY Pierce: 479 NTS, down 11% YOY Not surprisingly, as the newly-mandated 30-day pipeline begins to fill up, foreclosures seem to be resuming their upward trend across the Sound. It’s interesting to note that as of the end of the day yesterday, Trustee Deeds (the actual re
Washington Is Just Not That Into You
October 10, 2009 By Leave a Comment
Panel Says Obama Plan Won’t Slow Foreclosures In a report mild in language but pointed in substance, the Congressional Oversight Panel — a watchdog created last year to keep tabs on taxpayer bailout funds — said the administration’s program would, “in the best case,” prevent “fewer than half of the predicted foreclosures.” The report rebuked the administration for failing to shape a program that addressed the most significant engines of the foreclosure crisis — soaring joblessness and exoti
