2013 Washington Housing Market

When it comes to attracting new residents hoping to strike their fortune, Seattle still has “it.” According to the Northwest Multiple Listing Service, n August, home values in King County, which is home to Seattle, made their highest leap since the real estate bubble burst in 2007. Seattle’s median home value was $374,000, up 7.2 percent from August 2011. In King County at large, the median value was $316,800, up 3.4 percent from the … [Read more...]

Four States with Appreciation in Housing Markets

Now There Are Only 4 Real Estate has changed. Only four states remain with enough local housing market appreciation to stay on the Housing Predictor appreciation list for the remainder of 2007. The over-whelming majority of housing markets have deflated throughout the nation. Just four states have regionally vibrant economies enough to be strong enough to weather the nation’s mortgage crisis storm without substantial damage. At the height … [Read more...]

Top 25 Real Estate Markets in 2007

Top 25 Real Estate Market Forecast Editors Note: Access this years Top 25 Markets through the menu on the left. Driven by strong local economies the Top 25 housing markets with the highest forecast appreciation are further proof that all real estate is local in nature, and that despite news reports that the entire nation’s housing markets are depreciating, many states have housing markets that are appreciating strongly. Fifteen states … [Read more...]

Emergency Action by Fed Throwing Lifelines

By Mike Colpitts Stopping Bear Stearns from a total meltdown and throwing lifelines to other financial institutions, the Federal Reserve has come to the aid of financial institutions more than since the Great Depression. The only time actions taken close to this came at the peak of the U.S. Savings and Loan Fraud Crisis in 1990. The actions underscore the Fed’s concern over worsening overall economic conditions and a national real estate … [Read more...]

Home Sales Fall in May

By Ryan Jackson Home sales fell in May to provide a slow start to the summer home selling season, which is usually the busiest time of the year for the housing market after producing an increase in closed transactions the prior month. Sales saw a fall of just 1.5% for the month, however, to a seasonally adjusted annual rate of 4.55 million homes, according to the National Association of Realtors. The association blamed the lack of discount … [Read more...]

Florida Capital Named Baby Boomers Favorite

The capital of Florida has been named the favorite U.S. city for baby boomers to retire by a Washington based economics research group.  Tallahassee, Florida won out over 20 other cities considered for the prestigious award as the ideal place to retire. The southern city was selected after researchers considered a combination of factors, including climate, cost of living, available health care and other priorities. The Washington Economics … [Read more...]

2012 Washington Housing Market

Statistics don’t capture the reality of people being dislocated and the lives that are massively changed as a result of the real estate crash. But housing market forecasts do provide a guide-post for people to understand where we are in the cycle. And if you are in Washington state or thinking about relocating there, you are actually in one of the better places in the nation. In the wild-west world of residential real estate the market has … [Read more...]

Foreclosures Show Positive Fall

By Kevin Chiu Foreclosure filings dropped 14% in November experiencing a positive fall as default notices, scheduled bank auctions and bank repossessions hit their lowest level in a year, according to RealtyTrac. However, some of the hardest hit states, including California, Arizona and Massachusetts posted year-over-year increases in November. Foreclosure auctions, the final step in the painful foreclosure process reached a nine month … [Read more...]

Home Inventory Drops to 4-Year Low

By Mike Colpitts Homes listed for sale on the market dropped for the fifth consecutive month, hitting the lowest level in four years. The drop is a positive sign for the housing market, which has seen more home sales in recent months to aid the struggling market. Housing inventory at the end of October dropped 2.2% to 3.33 million existing homes for sale, according to the National Association of Realtors. The inventory represents an … [Read more...]

Real Estate Mortgage Tax Deduction in Jeopardy

By Kevin Chiu Bet you didn’t realize that the mortgage tax deduction is in real jeopardy as a result of Congress pushing through their last minute agreement on the budget? It’s been a quiet little secret in Washington, D.C. real estate circles because elected officials have taken so much heat on the subject. Some think it won’t happen. Others are sure homeowners are about to lose their biggest tax deduction. Thanks to Congress’ new debt … [Read more...]