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Getting ready to own!

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Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®

The Indymac Slap in our Face

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NOTE:  If you are having problems viewing the video, click on the link below.

http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1386722

 

Experts Predicting A Rise In Inflation (30 year rate chart included)

We want to let you know that many experts are predicting a rise in inflation and consequently a rise in interest rates as a result of the government's stimulus spending. The chart below demonstrates just how historically low interest rates are. Take a look at where rates were in the early eighties - the last time inflation skyrocketed.

Now is still a great time to buy with prices down as much as 15% from their peaks, the $8,000 first time homebuyer tax credit for buyers who have not owned a home in the last three years has been extended, and now some homeowners who have owned their home for at least five years may qualify for a new tax credit! 

Please contact us for further details!

First-Time & Repeat Buyer Tax Credit Explained

As you've heard the First-Time homebuyer tax credit has been extended and they are now offering a Repeat-Buyer tax credit for people who have owned their current homes for at least five years.  You can view the video below put out by NAHB (National Association of Home Builders) or visit http://www.federalhousingtaxcredit.com/ for further details.

 

Chuck Cady & Associates receives Victory Heights neighborhood expert badge from Zillow.com

Chuck Cady & Associates received another Neighborhood Expert Badge from Zillow for the Victory Heights Neighborhood located in Northeast Seattle!

You can visit our Zillow profile by clicking on the following link http://www.zillow.com/profile/chuckcadyassociates/.

The Zillow Local Expert badge is awarded to those who have made valuable contributions in a specific city or neighborhood on Zillow.

Fannie Mae Eases Its Investor Loan Rules

Fannie Eases Its Investor Loan Rules
To speed recovery of the housing market, Fannie Mae in March will begin purchasing and guaranteeing mortgages for borrowers carrying loans on as many as nine other properties, up from the current limit of three. However, the number of months of reserve payments that must be held by investors will rise to six in June from two currently. "One of the things that leads the economy out of a housing crisis is when prices get cheap enough that investors start moving in and buying things," says Joe Garrett of the Berkeley, Calif.-based consulting firm Garret, Watts & Co.

Source: American Banker, Harry Terris (02/10/09)
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Source: Realtor Magazine

**ATTENTION SHORELINE / LAKE FOREST PARK RESIDENTS** Shoreline Jail

As many of you may or may not know, Shoreline, WA is one of the proposed sites for a 640-bed municipal jail facility.  The site is located at 2545 NE 200th St which lies on the Northeast side of Shoreline bordering Lake Forest Park. 
In November, we posted the news release from the city identifying the six sites.  Since then, there have been public forums and meetings held by both the city and the surrounding neighborhoods. If you would like to get involved, review tapes of the public forums, or simply find out more information about the proposed site you can visit http://www.necmunicipaljail.org/ .
You can also read more and submit written comments regarding the EIS (Environmental Impact Statement) by visiting these links; http://www.necmunicipaljail.org/SEPA.htm and http://www.necmunicipaljail.org/docs/NEC_2008_EIS_Scoping_Notice.pdf.
Please note the following notice received from a local resident:
Dear Neighbors, Friends and Shoreline residents,
 
The community is organizing opposition to the proposed jail site at the residentially zoned, Aldercrest Annex. Comments on environmental impact and ideas are needed on an appropriate use of this property such as park, soccer complex etc.
 
The following are two web sites with updates and information on what you can do to help. 
Concerned citizens of Lake Forest Park have started this web site, check it out:
 
 
 
Ballinger neighborhood community site:
 
 

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