According to the RPX (Residential Property Index) Monthly Housing Market Report released August 1, 2008 for May, Seattle continues to hold the #1 spot for the largest 5-year Annualized % Change and #2 in the 2-year Annualized % change out of the 25 Major Metropolitan Cities (MSA's - Metropolitan Statistical Areas) used by Radar Logic to compile these Real Estate Data reports. ..(read more)
It's all over the news and time for 1st Time Home Buyers to jump.
There is tons of inventory out there and now thanks to the recently passed bill HR 3221, there is a 1st time home buyer tax credit incentive!
Following is a list of FAQ's compiled on the http://www.federalhousingtaxcredit.com website, a site dedicated to educating people about the 1st Time Home Buyer Tax Credit.
Who is..(read more)
One of the many FHA provisions to H.R. 3221, the Housing and Economic Recovery Act of 2008 bill is the prohibition of Seller Funded Down Payment Assistance. This means that FHA will not recognize and/or accept seller donations for the purpose of down payments.
SEC. 2113. CASH INVESTMENT REQUIREMENT AND PROHIBITION OF SELLER-FUNDED DOWN PAYMENT ASSISTANCE.
Paragraph (9)..(read more)
This information was published by the National Association of Home Builders. You can view the full articles by visiting their official online weekly newsletter at http://www.nbnnews.com/.
Well you've probably heard by now that last week legislation approved H.R. 3221, the Housing and Economic Recovery Act of 2008. It contains several provisions that will allow the FHA to deliver..(read more)
June 27th, Bloomberg reports:
Homes Less Affordable as Prices Fall, Rates Rise, Zillow Says
By Sharon L. Lynch
June 27 (Bloomberg) -- Rising mortgage rates are driving up the cost of buying a house even as prices fall, making property more expensive across the U.S., according to a new study by Zillow.com, an online provider of home valuations.
Monthly payments on 30-year fixed..(read more)
ATTENTION North Seattle Community Neighbors:
The Haller Lake Community Club will be hosting a community meeting, tomorrow June 12th at 7:00pm with regards to the proposed North Seattle Jail site.
If you are interested in attending this action meeting and voicing your concerns, visit the Haller Lake Community website for further details at: http://www.hallerlake.info/hallerlakejail.html..(read more)
A News Advisory was released by Mayor, Gregory Nickels announcing the dates for a public forum on the proposed municipal jail sites. You can read the release below or view the release on the Official City Site at http://www.seattle.gov/news/detail.asp?ID=8516&Dept=36
Seattle seeks feedback on possible municipal jail sites
Four dates set for public forums
SEATTLE - The city of Seattle..(read more)
As reported by NAR (National Association of Realtors) on May, 7th 2008...
A flat pattern in home sales activity should continue for the next couple months before improving over the summer, according to the latest forecast by the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said the extent of an expected recovery hinges on better access to affordable loans...(read more)
As reported by the Seattle Times and P-I; commencing December 31, 2012, King County Jail will no longer accept and house misdemeanor offenders leading City of Seattle Officials to settle on four possible locations for a new jail. One of which is right in our backyard and we want to hear your thoughts on this topic...
Visit the official City of Seattle (Municipal Jail Planning Project)..(read more)
Chuck Cady & Associates is entertaining the idea of hosting a real estate seminar and we want your feedback! With over 25 years of Seattle real estate experience we have seen all types of markets and would like to offer up our knowledge and expertise.
We are NOT looking to host the average seminar geared "solely" towards 1st Time Buyers or Investors but rather an informative..(read more)
