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Seattle home prices at lowest level since start of housing crisis

February 28, 2012

Seattle home prices at lowest level since start of housing crisis

Home prices fell in December for a fourth straight month in most major U.S. cities, as modest sales gains in the depressed housing market have yet to lift prices.

The Standard & Poor’s/Case-Shiller home-price index shows prices in Seattle dropped to their lowest point since the housing crisis began.

Home prices in Seattle were down 1.3 percent from November to December, and down 5.6 percent from the same period in 2010.

Read More on The Seattle Times…

Are you thinking of buying a home? Now is a great time with prices so low! Check out our Homeownership Simplified section a for information & tips on buying a house and our handy calculators to figure out potential mortgages, closing costs, and more!

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Seattle on list of top destinations for people moving

February 21, 2012

The Seattle Times: Seattle on list of top destinations for people moving

Seattle again has made an annual list of the Top 10 moving destinations in the nation. Atlanta, Phoenix and Orlando, Fla., top the list, compiled by Penske Truck Rental, continuing a trend of people migrating to the Sun Belt.

The list is based on online consumer truck-rental reservations and through Penske call centers. Here is the complete list: Atlanta, Phoenix, Orlando, Fla., Dallas/Fort Worth, Chicago, Houston, Denver, Seattle, Sarasota, Fla. and Charlotte, N.C.

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Foreclosure activity down in state, up nationally in January

February 16, 2012

Some more good news for Washington!

Foreclosure activity down in state, up nationally in January

Banks took back more U.S. homes in January than in the previous month, the latest sign that foreclosures are accelerating after slowing sharply last year while lenders sorted out foreclosure-abuse claims.

Foreclosures rose 8 percent nationally from December, but were down 15 percent from a year earlier, foreclosure-listing firm RealtyTrac reported…

…Foreclosures in Washington state in January, however, fell 18 percent from December and 58 percent from January 2011.

Read Full Story on The Seattle Times…

Are you a struggling homeowner? Check out our Avoiding Foreclosure section for resources and tips.

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How to make buying a home a reality

February 13, 2012

Are you dreaming of buying a home in 2012? Check out our Homeownership Simplified section and available Financial Assistance Programs for information on buying a home in Washington State!

How to make buying a home a reality

“If you vowed to make your homeownership dream come true in 2012, it’s time to get started. Indeed the timing may be ideal. Housing-market observers say that prices appear to have bottomed out in many markets, and mortgage rates are at their lowest point ever.”

Read Story on The Seattle Times…

 

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State’s share of mortgage settlement: $648 million

February 10, 2012

State’s share of mortgage settlement: $648 million

Washington stands to get $648 million under the $25 billion national settlement with five of the nation’s biggest mortgage servicers announced Thursday.

The biggest chunk, $525 million, is aimed at helping those who are financially underwater on their mortgage because their home’s value plunged: $455 million will go for reducing the loan principal of homeowners who are delinquent on payments, and $70 million for refinancing the loans of homeowners still current and paying higher-than-market interest rates on their mortgage.

Officials said it would take six to nine months for homeowners to find out if they are eligible for the relief, and wouldn’t say how many Washington homeowners might benefit.

Read Full Story on The Seattle Times…

Are you a struggling homeowner? Check out our Avoiding Foreclosure section for resources and tips.

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