A blog about homes, real estate and local interest stuff in Greater Seattle, Bellevue and the Eastside
Real Estate Market Overview
Our Greater Seattle real estate market is continuing to look solid on a price basis, and continues to show the usual seasonal inventory patterns through the beginning months of the year. The level of Closed Sales, i.e. purchase transactions completed, continues to be seasonally strong. Closed sales levels for single family homes [...]
There’s sure a lot of stuff being written these days about interest rates, and it certainly is a legitimate hot topic. The most common view, often espoused by real estate agents and mortgage lenders, is that rates may go up significantly in the second half of the year – so you should buy now. While [...]
Thinking of moving? If you are or recently have been a homeowner, this $6,500 tax credit is for you.
Many people are now aware of the First-Time Homebuyer Tax Credit. Not nearly as many are aware of the similar tax credit for current and previous homeowners.
The tax credit, $6,500, is paid back to you through the [...]
2010 – The Year Ahead
Our greater Seattle-Bellevue real estate market is really in a state of flux right now, with lots of opposing forces trying to push parts of it around. In the Market Overview section below I will try to show what those opposing forces are, and then in a following series of posts [...]
The graphs below are the result of a study I did on the condominium market in the greater Seattle / Bellevue urban area, including all of Seattle and the Eastside from Renton Highlands to Bothell and out to Sammamish. The first chart is a fairly traditional graph of the overall condominium Months Supply in this [...]
Bellevue Greater-Seattle Redmond Kirkland
This newly-signed legislation contains quite a few parts, including a new tax credit for move-up buyers as well as extension of the timeframe for first-time buyers:
(Thanks to MMG for this excellent summary)
- Extended Timeframe for First-Time Homebuyers
- New Tax Credit for Move-Up Homebuyers
- Higher Income Caps
- Tax Incentives for Energy Savings
- Expanded Housing Assistance
Tax Credit [...]
Real Estate Market Overview:
Our real estate market is continuing to look solid, with good statistics and increasing good press. There is quite a bit of good news in terms of number of new purchase transactions completed, and Days-On-Market (the average time it takes to sell a home) continues its welcome decline. However, some of that [...]
For all that we have made a lot of progress in our housing market, most of that progress has been in the low to middle price range. The high end still isn’t moving in the greater Seattle/Bellevue area. A couple of months ago we talked a bit about how Months Supply suddenly jumped from about [...]
If you know someone who is a first-time buyer and thinking abour buying a home now in order to capture that $8,000 tax credit, tell them to get moving!
The credit, which is really a straight $8,000 rebate, only applies to purchases closed and recorded by November 30, which means they need to have a signed [...]