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February 2015

Found 21 blog entries for February 2015.

Is this fantastic news for low capital prospective home buyers, or is it a precursor for repeating history?

Whichever it is, if you're not buying because of low funds, you may want to jump all over this. Depending on those pesky details of course.

Talk about no skin in the game! 0 down and they pay closing costs! 


BBVA Compass Launches No Down Payment Mortgage

Sure, Fannie and Freddie now allow LTVs as high as 97%, and the FHA only requires 3.5% down, but why stop there?

Today, BBVA Compass announced the launch of its “Home Ownership Made Easier” (HOME) loan program, which allows borrowers to snag 100% financing on a home purchase.

The bank is offering the new product as part of its pledge to put $11 billion to work to help low- and moderate-income individuals realize

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 One subdivision application and one subdivision approval make up today’s development update from the City of Seattle’s Department of Planning and Development (DPD) as posted in the Land Use Information Bulletin.


2641 NW 63rd St


A Land Use Application has been submitted to subdivide one development site into four unit lots. The construction of residential units is under Project #6398082. This subdivision of property is only for the purpose of allowing sale or lease of the unit lots. Development standards will be applied to the original parcel and not to each of the new unit lots


2003 NW 60th St

A Land Use Application has been approved to subdivide one development site into two unit lots. The construction of

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As a homebuyer in today’s market, you’re no doubt at your wit’s end trying to find your dream home.

And when you find a home you love,  you’re competing with all cash offers and bidding wars driving the sales price above what it’s listed for, and many times, even above what the home is actually worth!

While there is nothing you can do to create more homes for sale, you can certainly arm yourself by understanding the trends and patterns in the areas you’re trying to buy in.

While it’s not quite rocket science, there is definitely a significant competitive advantage to those that understand the trends of a real estate market.

Sometimes, being competitive means not

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A home buyer does not want to be caught off guard in a seller's market. It's one of the reasons that the most important thing a home buyer can do is trust his or her real estate agent to advise on market conditions. If it is a seller's market, it could very difficult, if not almost impossible, to buy the first home a buyer wants to buy.

Because home buyers generally have very little interest in the real estate market when they are not buying a home, they don't always know how the market moves from one season to another, much less from month to month. It is often uncomfortable for a buyer to be told the market is a seller's market when the buyer may believe otherwise -- especially a buyer who is trying to buy in a down real estate market.

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It’s time once again to take an updated look at how King County’s sales are shifting between the different regions around the county, since geographic shifts can and do affect the median price.

In order to explore this concept, we break King County down into three regions, based on the NWMLS-defined “areas”:

  • low end: South County (areas 100-130 & 300-360)
  • mid range: Seattle / North County (areas 140, 380-390, & 700-800)
  • high end: Eastside (areas 500-600)

Here’s where each region’s median prices came in as of December data:

  • low end: $252,500-$377,500
  • mid range: $383,975-$719,000
  • high end: $480,000-$1,960,000

First up, let’s have a look at each region’s (approximate) median price (actually the median of the medians

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Moving into your first home is exciting! But it also means you’ve got work to do.


Courtney's new lock on the front door of her house


Change the locks when you move into a new house — that way, you control who has access to your home. Image: Courtney Craig for HouseLogic

When I bought my first house, my timing couldn’t have been better: The house closing was two weeks before the lease was up on my apartment. That meant I could take my time packing and moving, and I could get to know the new place before moving in.

I recruited family and friends to help me move (in exchange for a beer-and-pizza picnic on the floor) and, as a bonus, I got to pick their brains about what first-time homeowners should know. 

Their help was one of the best housewarming presents I

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I'm still undecided if this is a good thing, bad thing, or irrelevant. I'm leaning towards irrelevant. It does seem to ensure that "Zestimates" (the bane of my existence) are here to stay.


Zillow’s long-anticipated acquisition of Trulia has finally closed after a six-month review by the Federal Trade Commission. Announced last July, the closure of the deal between the two largest U.S. real estate portals begins the next chapter of a fierce competitive battle with News Corp. and its Move and realtor.com properties.

“This is a pivotal day in online real estate and we couldn’t be more excited to welcome Trulia to Zillow Group,” said Spencer Rascoff, CEO of Zillow Group, the new firm Zillow created to house its suite of consumer and business

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Home prices rose in the fourth quarter of 2014, especially in Western markets. See how your region of the country fared.

If you own a home, chances are good it’s worth more now than when you bought it. Home prices rose in 86% of metro areas in the fourth quarter of 2014, data from the NATIONAL ASSOCIATION OF REALTORS® show.

Prices increased steadily due to a shrinking supply of homes for sale and a growing number of homebuyers entering the market to take advantage of low mortgage interest rates, said NAR Chief Economist Lawrence Yun.

“Home prices in metro areas throughout the country continue to show solid price growth, up 25% over the past three years on average,” he said. “This is good news for current homeowners but remains a

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House hunting? Use this five-point sniff test to detect potential problems in prospective homes

In high school, I had an eccentric German class teacher who—among other quirks—didn’t allow us to use cough drops during class. If a student was hacking away, she’d offer a peppermint candy instead. She based this practice on a study she’d read about. In it, the scent of peppermint was piped into the air at a factory where it was found to markedly increase assembly line worker productivity. She may have been a little nutty, but she was definitely on to something: subsequent studies have shown that our sense of smell affects our behavior and decisions.

This isn’t news to real estate agents who’ve long known the power of baking cookies or brewing a pot

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