Economy, Affordability to Drive Home Sales Growth (Realtor.com)

higher-ed-affordability

Link to the original article Home sales are on track to outperform last year, even though the market doesn’t have the benefit of the home buyer tax credit. This is thanks to sustained economic growth, the slowly recovering jobs picture, and historically high affordability conditions, NAR Chief Economist Lawrence Yun told a packed room on… Read More

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Effects of the tax credit (Seattle Times)

Tax credit fuels home-sales bounce, but will it be just a blip? The first-time homebuyers’ tax credit helped resuscitate the Seattle real-estate market in 2009. The market remains fragile, most insiders say, and the outlook for late 2010, after the credits are scheduled to expire, is especially murky. By Eric Pryne Seattle Times business reporter… Read More

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Sell at a loss or wait out the market (Yahoo.com)

Great Yahoo article retrived from Wall Street Journal. We are seeing a lot of these types of decisions being made by sellers in our state. Sell at a loss or hang on? This homeowner is still paying the mortgage on a home that has lost most of its equity. Does it make more sense to… Read More

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Home Sales Rise (MSNBC)

Home sales rise to highest level in 2.5 years Only a 7-month supply of homes on market; bidding wars are erupting Reed Saxon / AP October home sales rose 10.1 percent, beating expectations, as tax credit spurred sales. Realty Check: Existing Home Sales Sales of existing homes jumped, but commercial real estate has further to… Read More

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King and Pierce County Real Estate Update

King County and Pierce County Real Estate October 2009 By Tyler Freed November 19, 2009 In King County the number of active listings is down 3.8% from October 2008. More importantly the number of closed homes has increased 29.7% over the last twelve months, at an average closed price of $421,521. New Construction in King… Read More

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