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Record-Low Interest Rates and Low, Low Inventory
The NWMLS reports that low inventory and low, low interest rates continue to spark buyer compettition in popular in-city areas close to job hubs. "The volume of closed sales increased more than 20 percent, topping the 6,000 mark for the first time since September 2007." Median prices for King and Snohomish counties are also up. (Data based on NWMLS/July 5th, 2012)
New Guidelines regarding Distressed Sales
http://apps.leg.wa.gov/billinfo/summary.aspx?bill=2614
Limiting deficiency judgments pertaining to residual debts following short sales of owner-occupied residential property secured by deeds of trust.
Revised for 1st Substitute: Limiting deficiency judgments pertaining to residual debts following short sales of owner-occupied residential property secured by deeds of trust. (REVISED FOR PASSED LEGISLATURE: Assisting homeowners in crisis by providing alternatives, remedies, and assistance. )
