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Recent Updates from the Blog...

The end of a four-year downward trend? Home prices move up in April

The end of a four-year downward trend? Home prices move up in April

For the first time in more than four years, the median price of homes sold in Western Washington turned upward in April, a new report reveals.

The report from the Northwest Multiple Listing Service released Thursday shows a modest 1.27 percent uptick in median home selling prices overall for the 21 mostly Western Washington counties the real estate listing service covers. Median prices for homes sold in April this year were $240,000 compared with $237,000 in April of 2011.

Home sales prices in Pierce and King counties, however, still continued trending downward, but Thurston County sales prices were up, the listing service report said.

Read More on The News Tribune…

Built-ins make cozy comeback

Built-ins make cozy comeback

Built-in furniture and cabinets have cycled in and out of favor for centuries. Now they’re making a comeback, inspired by the better-not-bigger trend in residential design.

“Built-in storage seems to be more on people’s radar,”said Jean Rehkamp Larson of Rehkamp Larson Architects. “There’s also a thoughtfulness about making them part of a home’s architecture.”

Today’s built-ins house everything from flat-screen TVs to kids’ sports equipment, but their smart, space-saving utility is timeless — and adds to a home’s appeal.

Read More on the Seattle Times…

Mortgage-aid revisions paying off for bankers, some borrowers

Mortgage-aid revisions paying off for bankers, some borrowers

A newly streamlined government plan to reward homeowners who diligently pay their underwater mortgages is proving a bonanza for banks, which by one estimate may pocket $12 billion in extra revenue by refinancing loans.

The revisions to the Obama administration’s 3-year-old Home Affordable Refinance Program have yielded mixed results for homeowners, analysts and mortgage professionals say.

Some responsible homeowners are indeed getting lower-interest loans despite owing far more than their homes are worth. But others have loans that don’t qualify, or must jump through hoops the plan was supposed to eliminate, such as on-site appraisals and extensive paperwork.

Read More…

Crucial for homebuyer to develop a ‘Plan B’

Crucial for homebuyer to develop a ‘Plan B’

In today’s real-time real-estate market, it makes sense for buyers to carefully weigh contract options and develop contingency plans with their real-estate agents long before it’s time to go to settlement.

In addition, sellers have to keep a keen eye on the process as this is clearly not a version of the “don’t ask, don’t tell” laissez-faire approach of the past.

Here are some top contract trends and contingency plans for keeping your home sale on track…

Read More on The Seattle Times…

Happy Mother’s Day!

Happy Mother’s Day to all you wonderful Mothers and Mother figures from WAHhomeowners!