The Specialist in Seattle Real Estate
Buyer’s are being advised by unscrupulous brokers and mortgage lenders to go ahead and write several offers at the same time on several different homes in the hope of getting one accepted. Let’s face it, the market is extremely active and many buyers are not getting their offers accepted, even though they are making very …
I’m not sure this will get much traction in Seattle’s current heated seller’s market. First of all, Opendoor expects seller’s to sell to them at a discount to the going market rate in exchange for a quick sale. That’s kind of upside down to what we are experiencing. Most sellers can sell to buyers on …
Despite the economic slowdown in China, Chinese investors are still having a major influence in the Greater Seattle Real Estate Market. For the 12 month-period ending March 2015 buyers from China purchased $28.6 billion in real estate in the United States. That’s up from $22 billion a year ago, according to NAR’s 2015 Profile of …
Today FHA announced some big changes to their condo financing guidelines, which will be effective immediately. Calculations for owner-occupied percentages are changing, and second homes will no longer be counted against the 50% owner-occupied requirement. Insurance requirements are also being adjusted to allow more developments to qualify. Also, a new streamlined recertification process has been …
This analysis was completed by Bloomberg using the US Bureau of Economic Analysis data for the 100 largest metropolitan areas in 2014. Gross Metropolitan Product (GMP) was clearly much higher in high-tech areas, with San Jose ranking number one nationwide. This reflects an ongoing trend showing that densely populated areas with educated, skilled, workers are …