Seattle median home price leaps past 2007 peak

The median price of single-family homes sold in Seattle rose last month to $543,500, blowing away the last peak of $501,000 set in August 2007 — before the housing bubble burst and the country went into the Great Recession. The Eastside isn’t far from its previous peak. [Read more…]

Bidding wars on home sales surge in King and Pierce County

Almost 40 percent of homes sold for more than list price between April and June in King and Snohomish counties, an indicator that bidding wars are pitting buyers against each other. But not all neighborhoods are equally roiled by competition for homes [Read more…]

Pierce & Thurston counties see higher home sale prices in June

Western Washington’s real estate market continued its steady improvement in June, data released Thursday show. [Read more…]

It’s Tax Time! See Tax Breaks for Homeowners

Calling all homeowners!  With tax season rapidly approaching, it’s time to get your paperwork in order and consider all the ways to minimize your tax liability.  Whether you’ve got a single-family home, a town house, condo, or even a floating home, there are various home-related expenses that you should be sure to deduct. We suggest starting with these: [Read more…]

Are you ready? New QM rules change home mortgage lending for 2014

As a mortgage originator (loan officer) for over 10 years  me and my colleagues have been waiting for this QM rule to go into effect.  What effect will it have on our clients at the end of the day in terms of higher interest rates? How many people can longer be approved? and how many can’t buy the home they wanted?  I know that some people will just say that they were qualified before, but working on loans day in and day out these make sense deals will no longer fit into that category.  They will need to get a different type of loan now and pay more in fees and interest rate to obtain that loan.  [Read more…]

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