This poll was active 06.16.2013 through 06.22.2013
Non-Distressed Median at Highest Point in Over Four Years
As promised on Wednesday, it’s time to check up on median home sale prices broken down by distress status: Non-distressed, bank-owned, and short sales. As of May, the non-distressed median price for King County single family home sales sits at $449,000, up 6.9% from a year earlier and up 0.9% from April. Last year the…
Foreclosure Volume Slowly Drifts Back to Earth
It’s time for our detailed look at May’s foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: May 2013 King: 669 NTS, up 10% YOY Snohomish: 426 NTS, up 42% YOY Pierce: 551 NTS, up 15% YOY Nothing much new in these numbers. Still higher than a year…
Distressed Sales Hit Lowest Point in Over Four Years
Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In May 2012 12.9% of the sales of single-family homes in King County were bank-owned. In May 2013 that number was just 6.4%. We’re still a little bit above the low of 5.7% set in November, but…
Déjà Vu: Mortgage Interest Rates Panic
Looks like it’s that time again… Recent headlines have described an increase in mortgage interest rates from 3.35% to 4.0% with hyperbole like “Mortgage Rates Soar,” and “Soaring U.S. Mortgage Rates.” If this sounds familiar it’s because we heard the same nonsense when rates moved from 5.0% to 5.3% in 2010. These types of articles…