By The Tim on February 16, 2010
Received this via email from an industry insider. It’s a letter from Wachovia Mortgage offering a $5,000 cash incentive to the a (presumably underwater) mortgage holder if they complete a short sale within 60 days. Click either image to enlarge.
Quoting in part:
These are challenging times and many people feel they are running out [...]
Posted in National, News | Tagged banks, mortgages, short sales, Wachovia
By The Tim on December 21, 2009
As many of you probably know, Redfin has a great feature that allows you do download the results of any search to an Excel file. One aspect of this feature that you may not be aware of is that one of the fields that is populated on the resulting spreadsheet indicates whether or not [...]
Posted in Statistics | Tagged histogram, listings, Redfin, short sales, Statistics
By The Tim on September 2, 2009
In the comment thread on yesterday’s post there was some discussion about the ever-growing gap between pending sales and closed sales. Here’s a simple look at how they stack up through July (since August stats aren’t out just yet):
The massive difference between pending and closed sales brings up the question: Is there really a [...]
Posted in Statistics | Tagged closed, NWMLS, pending, short sales
By The Tim on June 22, 2009
Thanks to everyone who responded to the call earlier this month from KUOW for help on their story about the soft market.
Here’s the resulting piece: It’s a Tenants Market for Downtown Seattle Office Space
There may be signs of recovery in the region’s housing market, but not so for the region’s office market. A recent survey [...]
Posted in News | Tagged commercial, downtown, foreclosures, KUOW, NPR, office space, radio, short sales
By The Tim on May 31, 2009
Kevin Lisota of Findwell sent me a heads up about a rule clarification sent out today by the NWMLS to all their members:
Short Sales: Status Change Required after Mutual Acceptance
Rule 120 (b) requires the listing office to timely report the mutual acceptance of a purchase and sale agreement for a short sale as Pending (e.g. [...]
Posted in News | Tagged Findwell, NWMLS, pending, short sales
By The Tim on May 7, 2009
Now that 2009 Q1 + 1 month is in the past, let’s have an updated look at the relationship between pending and closed sales. For previous posts on this subject, hit the ‘pending’ tag archive.
Below is the updated chart including 2009 Q1. It shows quarterly King County SFH pending sales volume from the [...]
Posted in Statistics | Tagged closed, foreclosures, graphs, NWMLS, pending, sales, short sales, Statistics
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