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King County home prices rise with fewer houses for sale
More homebuyers chased slim pickings in King County last month, sending house prices to their highest level since December 2010.
The median price of single-family homes sold last month was $360,000, up 9 percent from March and nearly 3 percent from April 2011, according to statistics released Thursday by the Northwest Multiple Listing Service. It was the second month-over-month gain in median price.
Which Housing Style Is Right For You?
Shopping for a home is an exciting experience but there are many things to consider, starting with the fundamental question: which housing style is right for you?
You might be thinking, “I want to own my own home,” which translates in your mind to a single- or double- story house. However, your finances, where you live, affordability, and practicality may factor in and cause you to consider other options. So let’s explore some of them…
Timelines may speed short sales
If you’re one of the estimated 11 million homeowners burdened with an underwater mortgage, a new federal-policy change could be good news: Starting in June, when you want to do a short sale to shed your mortgage-debt load and avoid foreclosure, you may not have to wait for months to hear back from your bank when you submit an offer from a potential purchaser.
Instead, if your loan is owned or securitized by either of the dominant conventional mortgage-market players — Fannie Mae or Freddie Mac — you can expect a response within 30 business days, with a final decision no later than 60 days.
Property-tax deadline is here
A reminder that if you pay property taxes semiannually directly to your county treasurer’s office, the second-half payment is due or must be postmarked by Monday (April 30) to avoid delinquency charges.
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