The mythical “fixed payments” for home buyers takes another hit in 2008, as property taxes increase an average of 6.5% across the county. The average King County homeowner will pay about 6.5 percent more in property taxes in 2008, mostly because of voter-approved increases and creation of new taxing districts, Assessor Scott Noble reported Thursday….
Category: News
News, current events, etc.
Seattle To Get In On Bailout Action
Looks like the City of Seattle is getting in on some of the home “owner” bailout action. The City of Seattle is offering a helping hand to homeowners facing foreclosure. The pilot program would offer $5,000 loans to 40 families. Wow, $5,000, huh? That will let some overstretched buyer keep making their adjusted-ARM payments for…
Redfin Flourishing Despite Downturn, Dirty Tricks
A couple of national outlets have had interesting stories about Redfin in the last few days. Since you’re not likely to read about it in the “we pretend Redfin doesn’t exist” local agent blogs, I thought I’d highlight them here. First up is a New York Times story that claims the bursting of the real…
Seattle Market Playing Catch-Up, Government Not Riding to the Rescue
Here’s a few quickies to start off your Monday morning. First up, Seattle’s market got a mention in the LA Times on New Year’s Eve while I was cavorting about the country. Note that this was a week or two before the NWMLS statistics for December came out, showing a year-on-year price decline. It’s the…
Ever met someone who likes to play with live grenades? Here’s somebody: Agents Who Originate Loans
This is not really new news for many of you , but the story circulating around news organizations and blogs about a buyer who has filed suit against their agent mentions a twist. Aside from the main story is the “smaller” issue that the agent evidently also arranged the buyers financing. At least that is…