Edgewood, WA Real Estate Blog

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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Statistics for April 2008 for Edgewood and surrounding cities have just been updated.
Things are improving over March in all areas. Inventories remain high, however, in all areas. Interestingly, King County shows an uptick in overall inventory while Pierce County’s went down. Usually, you see the reverse.
All areas show a decline in median [...]

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According to a Wall Street Journal article this morning, Zillow has just released their t Q1 Home Value Report. It shows that “U.S. Home Values in the first quarter posted the largest decline in more than a decade, falling back to 2005 levels.”
Here’s what the Zillow report details year over year median Zestimate (Zillow’s [...]

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