Edgewood, WA Real Estate Blog

a look at the market composition of organic versus short sales versus bank REOs (Real Estate Owned – foreclosures or deed in lieu of foreclosures)

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The number of listings offered as short sales has climbed dramatically since the onset of the financial/housing crisis.

Rather than settle for the anecdotal and second hand information, I decided to take a closer look at the activity over the past 6 months of short sale activity.

The results are interesting, especially for a buyer considering a short sale.

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Statistics for September 2009 for Edgewood and surrounding cities have just been updated.
Remember the data is not seasonally adjusted.
Looks like we are off the low prices of March and April (at least county wise), but I’m not confident this isn’t an aberation due to the first time homebuyer federal tax credit scheduled to expire November 30, [...]

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Statistics for January 2009 for Edgewood and surrounding cities have just been updated.
Notwithstanding some of the recent comments of the usual real estate spokespeople, the market price levels continue to deteriorate.  Remember the data is not seasonally adjusted.  Never the less, the trend is pretty easy to discern.
Peak to trough median prices widened in Janary [...]

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Mortgage rates continue to bounce all over the place during these volatile times in the market.  I thought it might be interesting to share a scenario that I’ve been pricing out this morning instead of just creating a rate sheet.
They are a couple who are looking at buying their first home.  They have saved up enough [...]

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Statistics for September 2008 for Edgewood and surrounding cities have just been updated.
Things appear to be changing a bit.  However, keep in mind the data is not seasonally adjusted (although you can see what was happening last year at this time).
Inventory seems to be coming down, at least for King County.  Prices continue to drift [...]

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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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