Over the weekend the Washington Post published a story about former homeowners who find themselves owing money on a home they lost to foreclosure years earlier: Lenders seek court actions against homeowners years after foreclosure. It’s a process called “deficiency judgment,” and it’s not really news to anyone who has paid attention to housing over…
Seattle Sales Gain, Cheap South King Sales Slip
Let’s take an updated look at how King County’s sales are shifting between the different regions around the county, since geographic shifts can and do affect the median price. In order to explore this concept, we break King County down into three regions, based on the NWMLS-defined “areas”: low end: South County (areas 100-130 &…
Poll: I do most of my home searching…
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…