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Jul

27

2012

Signs Point to Upturn in Housing Market, At Last

Take one look at the rising stocks of companies that build homes and it looks like, after several false starts, a true recovery in the housing market may finally be on the horizon. Several reports reflect that home prices are on the rise in some major US regions, including in the west, and this is good news for real estate investors who have been holding…

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Jul

27

2012

Spike in King County Foreclosure Volume

Refreshing our data for scheduled 11-week foreclosure volume in King County shows a pronounced spike in King County foreclosure volume for the month of August through early September. The total scheduled volume for this period, gleaned using Liberty Capital’s foreclosure data service, is roughly 1200 units, with a peak of 186 properties at auction for the week of September 7th. Average weekly volume for all…

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Jul

26

2012

Queen Anne Fix and Flip Loan

[one_half_last] [/one_half_last] DETAILS: This property is situated in a very desirable part of the Queen Anne neighborhood. The house is smaller, about 1500 square feet, and the borrower is rehabbing the property to the tune of $75,000. The rehab includes re-situating a staircase to connect the main level and the basement. The borrower is utilizing the Liberty Capital Fix & Flip loan program to finance the remodel…

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Jul

26

2012

Mortgage Rates Hit New Record Low – 3.49%

From the WSJ: Mortgage rates have struck yet another record low. Does this sound familiar? For the week ended Thursday, the traditional, or conforming, 30-year fixed-rate mortgage averaged 3.49%, compared with 3.53% both during the previous week and a year earlier, according to mortgage-finance company Freddie Mac. How low is this? On an annual basis, the average rate for 30-year loans was 16.63% way back…

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Jul

25

2012

King County Foreclosure Inventory Price Analysis

In a previous post we looked at the price profile of closed residential home sales in King County based on data from the North West Multiple Listing Service. The median price of sold homes during this one month time period was just over $315,225.* Using Liberty Capital’s proprietary foreclosure data service we can apply a similar analysis to the 12-week scheduled foreclosure volume for King County using…

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Jul

24

2012

Zillow Predicts 1.1% Increase in Home Values

Local real-estate website Zillow.com is predicting a 1.1% rise in national home values over the coming year. This forecast comes amidst other positive trends out of the national housing market: The S&P/Case-Shiller 20-city composite index rose 1.3% for the month of April; The National Association of Realtors reported that median home prices increased  7.9% in June, the third straight month of increases; Zillow.com reported the…

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Jul

19

2012

Neighborhood Housing Recovery – Seattle Edition

The housing market recovery appears to be underway, but it turns out that the most important factor driving home price improvements is still location, location, location. The asymmetry of the neighborhood-level housing recovery can be clearly seen when we visualize Zillow.com Home Value Index Data for Seattle. (Data from Zillow.com, accessed July 19, 2012) Powered by Tableau As the above graphic shows, certain sought after…

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Jul

18

2012

Multiple Listing Service Price Analysis: Snohomish County

We continue or county-level price segmentation by taking a look at sold residential homes  for Snohomish County. The data comes from the North West Multiple Listing Service and includes closed residential home sales for the previous 30 days as of July 18. The total volume over the preceding 30 days was 775 homes with a median price of $262,000, putting both  volume and median price a bit…

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Jul

17

2012

FORECLOSURE AUCTION RESEARCH: Days of the Week Minimum Bids Pop for King, Pierce & Snohomish County

Let’s take a look at King County first.  In the week we studied, 36% of the bids had popped by Tuesday (17 of 47 total).  By Wednesday, another 13 bids had popped, bringing the bid total to 30 (represents 65% of total bids meaning about 2/3 of all bids have popped by Wednesday).  By the end of Thursday, 91% of all bids had popped (43…

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Jul

16

2012

Mortgage Rates Hit Record Low

More good news for home buyers and real estate investors, from the WSJ: Mortgage rates keep falling. The rate on a 30-year fixed mortgage has dropped to 3.56%, a record low — down from 3.62% on July 5. The average 30-year rate has remained below 4% for 16 weeks. Fueling the drop: a fall in U.S. bond yields as investors worry about the economy and…

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