Blog


Jul

24

2012

Zillow Predicts 1.1% Increase in Home Values

Local real-estate website Zillow.com is predicting a 1.1% rise in national home values over the coming year. This forecast comes amidst other positive trends out of the national housing market: The S&P/Case-Shiller 20-city composite index rose 1.3% for the month of April; The National Association of Realtors reported that median home prices increased  7.9% in June, the third straight month of increases; Zillow.com reported the…

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Jul

19

2012

Neighborhood Housing Recovery – Seattle Edition

The housing market recovery appears to be underway, but it turns out that the most important factor driving home price improvements is still location, location, location. The asymmetry of the neighborhood-level housing recovery can be clearly seen when we visualize Zillow.com Home Value Index Data for Seattle. (Data from Zillow.com, accessed July 19, 2012) Powered by Tableau As the above graphic shows, certain sought after…

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Jul

18

2012

Multiple Listing Service Price Analysis: Snohomish County

We continue or county-level price segmentation by taking a look at sold residential homes  for Snohomish County. The data comes from the North West Multiple Listing Service and includes closed residential home sales for the previous 30 days as of July 18. The total volume over the preceding 30 days was 775 homes with a median price of $262,000, putting both  volume and median price a bit…

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Jul

17

2012

FORECLOSURE AUCTION RESEARCH: Days of the Week Minimum Bids Pop for King, Pierce & Snohomish County

Let’s take a look at King County first.  In the week we studied, 36% of the bids had popped by Tuesday (17 of 47 total).  By Wednesday, another 13 bids had popped, bringing the bid total to 30 (represents 65% of total bids meaning about 2/3 of all bids have popped by Wednesday).  By the end of Thursday, 91% of all bids had popped (43…

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Jul

16

2012

Mortgage Rates Hit Record Low

More good news for home buyers and real estate investors, from the WSJ: Mortgage rates keep falling. The rate on a 30-year fixed mortgage has dropped to 3.56%, a record low — down from 3.62% on July 5. The average 30-year rate has remained below 4% for 16 weeks. Fueling the drop: a fall in U.S. bond yields as investors worry about the economy and…

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Jul

13

2012

$200,000 Median Price for Pierce County Home Sales

The median price of homes sold in Pierce County over the previous 30 days was $200,000 according to data gathered from the North West Multiple Listing Service. The price profile of residential homes sold in Pierce County is quite different from bordering King County and with only 748 units over the previous 30 days, home volume is also much lower. Due to the differing price profile, the…

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Jul

12

2012

Specialty Lenders Invite Real Estate Agents to Join Washington Foreclosure Program Network

Although real estate inventory is still lower than it has been for decades, the availability of distressed and foreclosure properties may be on the rise as early as this fall. If you’re a real estate agent who is interested in earning commissions selling foreclosures, you might consider partnering with a specialty lender who is experienced in the field of REO properties. While they are experts…

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Jul

12

2012

39% of Homes Sold in King County Between $200 and $400K

Following on the heels of the good news out of the King County real estate market last week, today we take a closer look at the price profile of homes sold in King County in the past 30 days. Data from the NWMLS for closed sales of residential homes in King County over the previous 30 days shows a median price of $387,600, just slightly higher than…

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Jul

11

2012

Puyallup Auction Loan Example

LIBERTY CAPITAL DEALSHEET LOAN FUNDED: $91,000 FINISHED PROPERTY VALUE: $155,000 DATE: Funded in June 2012 LOCATION: Puyallup (Residential) TYPE:  Auction Loan – 12-Month Term DETAILS: A Liberty Network realtor was standing in front of the subject property the day before the house was going to auction. The next door neighbor who was interested in the property, came out and chatted with the realtor. Liberty Capital…

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Jul

10

2012

Kent Fix & Flip Loan Example

LIBERTY CAPITAL DEALSHEET LOAN FUNDED: $180,000 FINISHED PROPERTY VALUE: $330,000 DATE: Funded in June 2012 LOCATION: Kent – King County (Residential) TYPE:  Fix & Flip Loan – 6-Month Term DETAILS: This property was listed on the market as a bank-owned property (in this case – Fannie Mae owned). The property needed updating of a large split-level house with over 3000 square feet. The borrower was able to…

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