A blog about homes, real estate and local interest stuff in Greater Seattle, Bellevue and the Eastside
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 [...]
Overall, our greater Seattle / Bellevue / eastside real estate market is continuing to look solid, with good statistics and even a little good press. We had a late start this Spring while everyone was still justifiably nervous about what was going on with the economy, so maybe we can expect a little stronger Summer/Fall [...]
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. A couple of months ago we talked a bit about how Months Supply suddenly jumped from about 6 months in the low and middle price range to about [...]
Our Greater Seattle-Bellevue-Eastside real estate market is continuing to look a lot more solid, with good statistics and even a little good press. We had a late start this Spring while everyone was still justifiably nervous about what was going on with the economy, so maybe we can expect a little stronger Summer/Fall season to [...]
The statistics and charts below from our July Market Update look to me like our Greater Seattle / Bellevue / Eastside housing market may be in the early stages of a recovery.
Residential Sales Charts Condominium Sales Charts
Given all the doom and gloom we hear about the housing market, it is fair to ask “How could that be?” So here’s [...]
There’s something interesting going on in our Greater Seattle / Bellevue / Eastside housing market. It’s hidden inside the statistics and charts, so let’s dive in.
The links below provide a graphical summary of Real Estate Market Statistics for the Seattle/King County area over the past 3+ years, for single-family homes and for condominiums. The volume [...]
The links below provide a graphical summary of Real Estate Market Statistics for the Greater Seattle / Bellevue / King County area over the past 3+ years, for single-family homes and for condominiums. The volume of sales is picking up, median prices seem to have stabilized, and the number of homes available in the lower [...]