David's Blog

I mentioned that the Federal Government extended the ant-flipping waiver through the end of the year in my last blog article. I have provided the breakdown of limitations to the waiver the extension below. Limitations considered by the FHA consist of the following:1.  20% Rule - If resale is high...

In 2003 the Federal Housing Administration (FHA) feared that flipping homes was the cause of the skyrocketing home prices throughout individual neighborhoods. Because of this, the FHA no longer approved property loans that were resold within 90 days of the original purchase, with the exception of...

15606 157th Ave SE, Renton 98058 Closing Date: 03/29/2011Listing Price: $259,900Sold Price: $248,500Bedrooms: 3Bathrooms: 2.5Year Built: 1991Square Feet: 2830Lot Size: 6,641 Square FeetMLS: 165297 This home is in a great location. It sits on a quiet cul-de-sac, near parks and recreation with eas...

The surge in home sales and a shrinking inventory pared down the month's supply to 8.1 months. This is down 1.4 months from November but remains 0.9 months above last year at this time. While still at a relatively high level historically, months of inventory has declined steadily from its peak of...

Housing affordability is the percentage of a median family's income required to make mortgage payments on a median-priced home. The relationship between mortgage rates, home prices, and family income is the most favorable on record for buying. The home price-to-income ratio continues to remain we...

According to BankRate.com, the average interest rate for a 30 year fixed mortgage is 4.75% today. This trend continues to support home buying, as it translates to significant savings for buyers. As overall economic recovery remains on track, rates are expected to rise to keep inflation in check. ...

15325 SE 155th Place #E3, Renton WA 98058 List Price: $124,900Bedrooms: 2Bathrooms: 1Year Built: 2004Square Feet: 970Lot Size: 0MLS: 187537 This beautiful 2 bedroom condo, 1 bathroom condo is ready for you to call home. You'll find vaulted ceilings and an open floor plan. The condo is complete w...

The number of homes on the market continued to shrink. There are now 3.56 million homes on the market, down 4.2% from 3.72 million in November. More and more buyers are taking advantage of today's exceptional affordability conditions. Expected improvements in lending standards and job growth will...

Home prices softened in December: median home prices edged down slightly to $168,800, 1% below the year-ago level. Contributing to this is a larger share of distressed homes sales which accounted for 36% of sales in December. This is compared to 33% in November 2010 and 32% in December 2009. Pric...

Posted by David Edwards under For Buyers, For Realty Professionals, Listings, New Listings, Shoreline   621 N 179th St, Shoreline 98133-4727 List Price: $340,000Bedrooms: 5Bathrooms: 3Year Built: 1961Square Feet: 2520 Above GradeLot Size: 0.16 AcresMLS: 185100 The subject property has 2520 square...