It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). To kick things off, here’s an excerpt from the NWMLS press release: J. Lennox…
NWMLS: Market Goes From Bad to Worse for Buyers
May market stats were published by the NWMLS yesterday. Before we get into our monthly stats, here’s a quick look at their press release. Northwest MLS brokers say home buyers are sprinting, but sellers are stalling Home buyers are in “full sprint” mode while sellers are stalling, according to brokers from Northwest Multiple Listing Service….
Home Salesperson Quote of the Day
From an article in today’s Everett Herald Business Journal: It’s a seller’s market as Snohomish County home prices rebound I don’t think we’re anywhere near in a position to worry about another bubble. The increase in appreciation has been pretty steady. It hasn’t gone up overnight. – Deidre Haines, Broker with Coldwell Banker Bain “Not…
May Stats Preview: No Improvement for Buyers
With May 2015 now in the rear view mirror, let’s have a look at our monthly stats preview. First up, here’s the snapshot of all the data as far back as my historical information goes, with the latest, high, and low values highlighted for each series: Inventory went up again month-over-month in both King and…
Earnest Money Disputes and HB 1730
Disputes over the release of earnest money are extremely rare, but anyone who has ever been involved with one knows they can be an extremely miserable experience. For a buyer with limited funds it can mean a lengthy delay in being able to make an offer on another property. For both parties it can be very emotionally draining and expose them to the potential of paying attorney fees—both their own and those of the other party.
The most common scenario for an earnest money dispute is after a buyer terminates a contract based on the Form 35 inspection contingency…