What buyers and sellers should know In the article by Jonathan Burton, MarketWatch, published April 2nd, 2014, Jonathan reviews the following 10 points: 1. “I’m using your house to sell myself.” 2. “You might never get the chance to buy your dream house.” 3. “My commission isn’t set in stone.” 4. “Your home isn’t worth […]
According to a story published by the AP, “Bank of America on Friday halted foreclosures on homes across the country so it could review paperwork in tens of thousands of cases for flaws, expanding a crisis at a perilous time for the housing market.”
Seattle-area home sales rose sharply in March compared with both February and the unusually low level of a year ago, according to a report by DataQuick Information Systems.
The Worker, Homeownership, and Business Assistance Act of 2009 extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence.
A story published on Bloomberg.com today states that “Sales of existing U.S. homes in November rose to the highest level in almost three years as first-time buyers rushed to take advantage of a government tax credit and lower prices.“
The Zillow Home Value Index for the U. S. as a whole declined 5.7% over the past year. This chart compares the U.S. data with that for Washington and Oregon for the same period.
According to MarketWatch, “Rates on 30-year fixed-rate mortgages averaged 4.78% this week, matching an all-time low in Freddie Mac’s weekly survey of conforming mortgage rates, released Wednesday. The mortgage averaged 4.83% last week and 5.97% a year ago. This week’s average matched a low set the week ending April 30.”
According to Zillow’s Real Estate Market Reports for September, Pierce County home values are down 6% from the previous year. Seattle home values were up 0.0% compared to August and down 9.1% compared to September 2008.
The government has just extended and expanded tax credits for home buyers – and not just those buying for the first time. First time home buyers can now receive an $8,000 tax credit through April 30, 2010 Home buyers who have lived in their residences for five years may now receive a credit of $6,500 […]
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