Real Estate News
Ownership of Real Estate
We are talking about what it means when we have Fee Simple Title. In most cases, the estate or interest to be conveyed by the current owner to the buyer will be “Fee Simple.” The term “Fee Simple” has it’s origins in the English feudal system. The ownership rights of the tenant on the land…
Read MoreA Frank Lloyd Wright original
Sharing an original Frank Lloyd Wright original home found on the Sammamish plateau. Built in 1952 on 3.25 acres, this home is like living in a high quality tree house! It was a truly special experience to walk into something with such historic value. In my 20 years as a real estate broker, I have…
Read MoreRefinance Existing Loans? Really?
Dave Henn of Landover Mortgage presented the HARP Federal Program which involves the possibility of refinancing current loans owned by Fannie Mae & Freddie Mac. More than likely the program won’t become active until December 1, 2011 so stay tuned to this web site.
Read MoreExisting Homes Sales on the Rise
Sales of previously owned U.S. homes rose more than anticipated in August as investors used cash to buy distressed properties. (At a personal level, I have come across numerous homes in a distressed situation with multiple offers waiting for a lender’s decision. This is becoming more of the norm than the exception.) Purchases of existing…
Read More9/11 Always Remembered
So many losses on this day 10 years ago when America was attacked by airplanes flown into the World Trade Centers. The images on this video will forever be tattooed in my memory bank.
Read MoreCA Dominates Zillow Study of Depreciating Markets
Real estate markets in California dominate a list of metro areas with the steepest percentage-based decline in home values over the past five years. Data prepared by online real estate valuation and search company Zillow — based on the company’s home-value estimates and its Zillow Home Value Index, which is generated from those value estimates…
Read MoreSeattle-Area Home Prices Increase in June
Seattle-area home prices rose in June for the second straight month, according to the Case-Shiller home-price index. Nationally, the index was up for the third straight month, numbers for June released Tuesday showed. In the Seattle metropolitan area, which includes King, Snohomish and Pierce counties, prices rose 0.7 percent between May and June, according to…
Read MoreMortgage Market in Review
Weather The mortgage interest rate markets are subject to an enormous number of factors. Most analysts agree that weather can have an effect on market activity. Although the effects are seldom long lasting, they can be quite significant. The United States is the world’s largest exporter of corn. Relatively rainy weather across the Midwest portions…
Read More2011 Superconforming Loan Limits
The new limits are technically only good through December 31, 2011. It is entirely possible that the limits may change again for 2012. (Information provided by David Henn of Landover Mortgage)
Read MoreOverlake Hospital is Expanding
Overlake Hospital Medical Center announced Thursday that it plans to open two new clinics in Redmond in the next six months. The facilities include an urgent care center in the Creekside Crossing development at 17209 Redmond Way and a primary care clinic in Redmond Town Center at 7525 166th Ave. NE, Suite 105. The urgent…
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