Theory: Seattle is special, and thanks to our strong local economy anchored by such heavyweights as Boeing and Microsoft, any economic or housing pain will affect us far less than other parts of the country. Reality: Conclusion: Er… Um… Jobs! Population Growth! Mountains! Lakes! Pretty Pretty Pink Ponies! We now return you to your regularly…
Category: News
News, current events, etc.
Predictions: 2007 Revisited, 2008 Prognosticated
2007 Revisited It’s that time of the year again. As the calendar rolls over, the real estate predictions start rolling in. But before we get to the predictions for 2008, let’s look back at 2007. My own guesses as well as predictions from most of the frequently-quoted local real estate insiders were covered in this…
John L. Scott: “Now Is A Smart Time To Buy”
A number of people pointed me toward a “white paper” recently released from real estate brokerage John L. Scott titled “Why Now Is A Smart Time To Buy” (pdf). It purports to be “an objective assessment of the housing market as it stands at the end of 2007” designed “to help home buyers assess the…
Refinancing? GET BUSY
What I’m seeing: 30 yr fixed rates at 5.25%. 15 yr fixed at 4.75% If you are considering refinancing, call your loan officer. Although our office is in escrow, not lending, we work with many resources for lending. If you don’t have a resource or would like to at least do shopping comparisons, please let…
Looking under the hood: How to save yourself aggravation and money when refinancing or purchasing.
Our fellow blogger colleague “Peckhammer” will get credit for this post whether Peckhammer intended for that to happen or not. Hat tip to him/her for inspiring this post. Regarding consumers capacity to understand loan documents, Peckhammer remarked : “The loan documents they signed could have been reviewed by an attorney and explained if there were…