In the previous article we introduced this ‘Now What Do I Do?’ series, and discussed Option 1 – Sit Tight. That works if you can still afford the mortgage. If you can’t, we need to go to Option 2 – Loan Modification.
Banks and other mortgage lenders may be willing to consider a loan modification if [...]
Posts Tagged ‘Redmond’
My Mortgage is Underwater. Now What Do I Do? . . . Option 2 – Loan Modification
My Mortgage is Underwater. Now What Do I Do? . . . Option 1 – Sit Tight
This new real estate ‘technical’ term underwater is getting quite a bit of press lately, and unfortunately it applies to a lot of us. What it means is “my house is no longer worth as much as I owe on it.” It means your equity is gone, and it also means that you can’t easily [...]
March ’10 – Reiling’s Real Estate Market Report – Greater Seattle / Bellevue / King County Area
Real Estate Market Overview
Our Greater Seattle residential real estate market is continuing to look solid on a price basis, and is sneaking up on a whole year at essentially the same stable price level. However, the hopeful blip in condominium prices last month didn’t hold up, and condo median prices are back to their December level - [...]
Predicting the Housing Market Recovery
When people ask me “How soon are home prices around here going to recover?”, I have been saying that I don’t think they will really start to ‘recover’ for at least 3 to 4 years.
The question usually comes from someone who wants to sell, but is having a hard time dealing with the fact that [...]
February ’10 – Reiling’s Real Estate Market Report – Greater Seattle / Bellevue / King County Area
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 [...]
Whither Interest Rates?
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 [...]
Reiling’s Real Estate Market Report – 2010 – The Year Ahead
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 [...]
December ’09 – Reiling’s Real Estate Market Report – Greater Seattle / Bellevue / King County Area
Real Estate Market Overview
Our real estate market is continuing to look solid on an ongoing basis, and of course is starting to look very good compared to the crash months of last Fall. Last Fall, home sales, both residential and condominium, fell precipitously from October to November. Not so this year. The level of Closed [...]
What’s Going On With The Seattle / Bellevue Condominium Market?
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 [...]