David's Blog

President Obama signed an $858 billion tax bill into law on December 17, keeping income tax rates from increasing before the new year. The legislation… Extends the Bush-era income tax cuts on income, capital gains, and dividends for two years Reduces Social Security payroll tax rates by 2% for on...

Affordability  is bsed on 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 w...

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. To find the value of your home, visit: http://www.davidjedwards.com/free-home-evaluation.asp To sea...

A steady increase in home sales and a shrinking inventory are cutting down the month's supply to 9.5. This is one month down from October and one and a half months below last year. While still at a relatively high level, months of inventory has declined substantially since its peak of 12.5 months...

Total inventory fell to 3.71 million in November from 3.86 million in October. This reflects the increasing response from buyers to improved affordability conditions. As lending standards return to historical norms and consumers become more confident about their financial situation, more people w...

Median home prices edged up slightly to $170,600, 0.4% above year-ago levels. Distressed homes have accounted for a fairly stable market share, representing 33% of sales in November. This is on par with the 34% in October and 33% in November 2009. Historically favorable interest rates, coupled wi...

Sales activity rose to a seasonally adjusted annual rate of 4.68 million in November. This was up 22% from July and 5.6% above the 4.43 million level in October, but remained 27.9% below the 6.49 million tax credit rush a year ago. As steady job creation is expected to continue, industry experts ...

The housing market is recovering. As more home buyers are taking advantage of the improved affordability conditions. With mortgage rates hovering around recent record lows and home prices having generally stabilized, economists are expecting an upward trend to a healthy and sustainable level in 2...

KIRKLAND, WA, January 5, 2011. December's volume of pending sales around Western Washington nearly matched the total for the same month a year ago, which was the best December since 2006. Sellers accepted offers from 4,359 buyers last month, only 40 fewer than a year ago when members of Northwest...