As a follow on to Tim’s post yesterday about December stats – the thing that jumped out at me from his post was the growth in inventory. Given that there have been a few comments on the blog about home sales picking up, I thought a data-driven look at what is happening with active listings…
NWMLS December Graphs Update
Many thanks to Deejayoh for posting the NWMLS summary in my absence. By request, I am am posting the usual press release link, graphs, and spreadsheet update in addition to his timely post on the data. Here is the NWMLS press release, with links to the pdf summaries. Here’s your King County SFH summary: December…
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…