Windermere recently released an analysis of the extraordinary affordability created by the combination of today’s mortgage interest rates and home prices. Prices Down 13% to 24% In this analysis, they looked at more than 100 homes that sold in July 2010 – that also sold in sometime between 2006-2008 and compared the sales prices.  They [...]

More economists are forecasting future growth of housing prices in the next fews years… this time it’s the Chief Economist at Fiserv (a financial services technology firm) David Stiff who is predicting the bottoming of prices in late 2010 with an average climb in prices of 7.2% between late 2010 and early 2014. Fiserv and [...]

Mortgage rates continue to be at historic lows: 30 Year Fixed, Conventional: 4.375% 30 Year Fixed, FHA: 4.375% 15 Year Fixed: 4.00% Here’s how rates have looked since the beginning of the year: Affordability Keep in mind the huge impact that low mortgage rates have on affordability (the lower the rate, the greater the loan [...]

The local and national real estate market continues to show serious signs of improvement…

As we’re entering the holiday season, and a time of good cheer, lets look at three reasons to cheer for the Puget Sound real estate market. Sales Are Up! At the conclusion of October 2009, the market in King County was coming off one of the strongest rises in market activity in years. January 2009 [...]