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)

Posted on July 9, 2012 at 11:28 pm
Kim Edwards-Fukei | Category: Buyer Topics, Fannie Mae, Foreclosures, Freddie Mac, Seller Topics, Stats, The Economy | Tagged

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. )

Posted on May 1, 2012 at 8:32 pm
Kim Edwards-Fukei | Category: Bank-owned Properties, Buyer Topics, Fannie Mae, Foreclosures, Freddie Mac, Pre-Foreclosures, REOs, Seller Topics, Short Sales, Stats | Tagged , , , , , ,