Edgewood, WA Real Estate Blog

Conventional mortgage rates are priced by the lowest mid-credit score of the borrowers on the loan application.    On October 1, 2008, Fannie Mae will be implenting another price adjustment for “adverse market conditions” on all loans delivered.  This means that lenders are all ready beginning to price rates factoring in the price adjustments as some [...]

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Statistics for July 2008 for Edgewood and surrounding cities have just been updated.
More of the same - median prices drifting downward. Still looking for a trend of increasing sales which would portend a “bottom”. It just isn’t there. Lacking an increase in sales, months of inventory is “stuck” at a high level.
Keep [...]

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The numbers are interesting this month. As you would expect for this time of year, the number of listings is increasing for both King and Pierce Counties. Yet the number of absolute sales is decreasing. Buyers are holding back. Interestingly days on market for King county are drifting downward while they [...]

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This morning I read a post (Reading Redux) at Credit Slips regarding a familiar lament about not reading all documents at closing. It’s a subject I’ve visited before.
Lenders are notorious for getting document to escrow late or, at the very least, at the very last possible moment. Obviously it helps to select a trustworthy [...]

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We’re at month’s end and after reviewing May’s Edgewood statistics I’ve moved on to home sales in Milton. It’s always much more interesting to look at activity by price range by single area as opposed to overall stats for multiple area groupings the MLS publishes if you want the nitty-gritty on a specific area. [...]

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Since this is my first post at Edgewood Blog, I thought I should take this opportunity to review how I price the mortgage interest rates that are posted here.  Here are the factors (all which impact rates) that I use for the purpose providing readers an understanding of what direction mortgage interest rates are going.   [...]

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I know it’s not the end of the month, but I was generating statistics for a listing I was working on. From the chart below you can see which price ranges have what little action there is.

Click on image to enlarge.
Keep in mind a lot of closings occur at the end of the month [...]

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Money magazine published an article showing forecasts for May 2009 of median real estate prices in various cities.
Overall they expect median home price to decline 9.7%. They forecast Seattle median prices to decline by 9%.

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