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 [...]
Entries Tagged as 'Real Estate'
Mortgage Rates by Credit Score
August 13th, 2008 by Rhonda Porter, The Mortgage Porter ;
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Tags: Real Estate
Real Estate Statistics for July 2008 for Edgewood and Surrounding Cities
August 11th, 2008 by Lee Mason, The Masters Realty Group LLC ;
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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 [...]
Tags: Edgewood · Federal Way · Milton · NE Tacoma · Puyallup · Real Estate · Statistics
May 2008 real estate statistics for Edgewood and surrounding cities
June 10th, 2008 by Lee Mason, The Masters Realty Group LLC ;
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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 [...]
Tags: Edgewood · Federal Way · Fife · Milton · NE Tacoma · Real Estate · Statistics · Sumner
Reviewing Closing Documents… again
June 9th, 2008 by Lee Mason, The Masters Realty Group LLC ;
1 Comment
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 [...]
Tags: Buyers · Closing · Real Estate
Where’s the Action in Milton Home Sales?
June 3rd, 2008 by Lee Mason, The Masters Realty Group LLC ;
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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. [...]
Tags: Milton · RE Marketing · Real Estate · Statistics
Mortgage Rate Update
June 2nd, 2008 by Rhonda Porter, The Mortgage Porter ;
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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. [...]
Tags: Real Estate
Where’s the Action in Edgewood Home Sales?
May 29th, 2008 by Lee Mason, The Masters Realty Group LLC ;
1 Comment
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 [...]
Tags: Edgewood · Real Estate · Statistics
Money magazine forecasts Seattle median prices to decline 9% by May 2009
May 14th, 2008 by Lee Mason, The Masters Realty Group LLC ;
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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%.
Tags: Real Estate · Statistics











