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Sign up to receive an alert if a buyer is interested. We have many buyers out there looking and with a lack of inventory, we may just have a buyer for your home. All it takes is 30 seconds to fill out the form below. To learn more about what we offer our home seller clients, CLICK HERE.
BALLARD—Henbart LLC announced Tuesday their development plans for a mixed-use development located at NW 56th and 22nd Avenue in Ballard. The project will be a six and five story, highly mixed-use site with two companion buildings featuring 80 apartments, 4 townhomes that front Ballard Commons Park, approximately 21K sf. of loft-style office space and 21K sf. of retail along 22nd Avenue. [Henberg]
According to a report prepared by Ellie Mae, a mortgage technology company, the average FICO credit score for approved mortgage loans dropped to 727 in December 2013. It was 748 a year earlier.
The average credit score for home loans backed by Fannie Mae and Freddie Mac also dropped a little; December 2013 borrowers had an average credit score of 756, down from December 2012′s average of 761.
Refinance mortgages backed by Fannie Mae or Freddie Mac were approved with an average credit score of 729 in December 2013; this was a significant drop from the average credit score of 763 in December 2012.
Only 46 percent of mortgage applicants approved had credit scores above 750 in December 2013 while
Brokers report: “severe shortage of homes for sale”
NOW is the time to list your home for maximum pricing and multiple offers. A recent listing by The Cascade Team Real Estate in Sammamish received nine offers in only 4 days with escalations pushing the price some $40,000 over list price. Other members of The Cascade Team are reporting multiple offers on almost every listing and fierce competition for available homes due to lack of inventory. Click here for a FREE on-Line Home Value Report.
KIRKLAND, Wash. (March 5, 2014) – Northwest Multiple Listing Service brokers reported 507 fewer pending sales during February than the same month in 2013, but members believe the
Buying costs less than renting in all 100 large U.S. metros, according to the Rent vs. Buy Report from Trulia (TRLA).
Rising mortgage rates and home prices have narrowed the gap between renting and buying, though rates have recently dropped and price gains are slowing.
Low mortgage rates have kept homeownership from becoming more expensive than renting. In some markets, like San Francisco and Seattle, rents have risen sharply; rising rents hurt affordability relative to incomes, but rising rents make buying look cheaper in comparison.
Trulia says that at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally, versus being 44% cheaper at the start of 2013.
(While renting is more expensive, only half of potential homebuyers