Eastside Seattle Real Estate Blog

Foreclosure Filings Predicted To Rise This Spring

After a series of months during which foreclosure filings were low, total filings have started to rise again, says RealtyTrac. The pace of foreclosures in Seattle has slowed significantly in most of the metro area, and in many areas, there are no foreclosures available for sale at all. In fact, as of the date of this post, there were only 2 foreclosed homes in Issaquah for sale, and 3 in Snoqualmie.

foreclosure filings increase nationwide


In February, 21 states posted a year-over-year increase in monthly foreclosure filings, according to the national foreclosure-tracking firm. This is nearly twice as many states as compared to December 2011, marking the highest monthly reading...

Multiple Offers Return to Snoqualmie Ridge

What? Do you think this is 2006 or something? Yeah right... "Multiple Offers" or "Sold in 1 Day?" Puhleeeze...

No... REALLY... the real estate market on Snoqualmie Ridge IS changing, and while home prices are obviously much lower, the overall dynamics of the market at the moment look a lot like 2006. I'm specifically referring to the number of "active" homes for sale, vs. the number of buyers - which is indicated by the number of "pending" closings. In real estate, we call this ratio the "Demand Rate" - active listings divided by pending sales. Combined with the dynamics of other hyper-local real estate markets on Seattle's...

Buying a Home or Renting - Which is Cheaper?

home buyingAt some point, most renters ponder the wisdom of buying that first home. Although we're already seeing housing prices increase in the Seattle area real estate market, given that intrest rates are still historically low levels, you still have time to capitalize on the opportunity to become a home owner.

Buying Has Become Cheaper Than Renting

Trulia recently examined housing prices, foreclosure activity and job opportunities across the nation. Given the housing market, it's not too surprising that they found that in 74 percent of the largest metropolitan areas, it's actually cheaper to buy than to rent. Considering today's low interest rates and affordable home prices, first time homebuyers...

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