It was difficult to miss this Sunday Times lead real estate article with a splashy front page reference, and the full front page of the real estate section. A quick reference tool produced by the Times for Eastside values and appreciation rates can be misleading if you don’t read between the lines and interpret the information relative to your own home . Select a neighborhood and you’ll …
Seattle Times Article: For Homeowners With Adjustable Rate Mortgages………..
This Sunday’s Seattle Times real estate section featured an article on adjustable rate mortgages from The Associated Press, J.W. Elfinstone: http://seattletimes.nwsource.com/html/realestate/2003081961_foreclosures25.html . We find the article a bit on the alarmist side, but it is an important issue for many homeowners. For expert advice on the subject we turn to Ron Delfs at Equity Northwest [425-869-1825], [email@equitynorthwest.com], a long time …
Forbes: Most Expensive Homes in the U.S. 2006: Midwest
This is the third installment of the Forbes.com series by reknown real estate columnist Lacey Rose: http://www.forbes.com/forbeslife/realestate/2006/06/16/expensive-homes-midwest_cx_lr_0619feat_ls.html
Forbes: Most Expensive Homes In America 2006: South
This is the second on a multi-part series by Laci Rose at Forbes.com. Follow the link: http://tinymce.moxiecode.cp/mce_temp_url
Forbes:Most Expensive Homes In America: The Northeast
Many of us hold a fascination with the expensive homes. Here is a link to a Forbes Magazine series covering the the most expensive homes in America. The one focuses on homes in the continental Northeast. http://www.forbes.com/forbeslife/realestate/2006/06/02/expensive-homes-northeast_cx_sc_0605home.html Next will be homes in the South.
CNN Report on Jobs
This is a critical component if you are trying to determine what the future holds for mortgage interest rates. http://money.cnn.com/2006/05/05/news/economy/jobs_april/index.htm?section=cnn_topstories 1. Higher or faster job growth worries the Federal Reserve about inflationary pressure, seemingly more than fuel prices or groceries. I don't get it, but that's the way it works. 2. Higher unemployment causes the Federal Reserve to keep interest rates down.
Here is a Forbes Piece on the World’s Tallest Buildings
This is interesting material. Included are details about future projects in Moscow and the Freedom Tower which is to be constructed in place of the World Trade Towers. http://www.forbes.com/forbeslife/realestate/2006/05/02/tallest-towers-skyscrapers_cx_sc_0503feat_ls.html?partner=rss
Long Term Mortgage Rates Rise For Fifth Straight Week According to Freddie Mac’s Weekly Survey
McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market SurveySM (PMMSSM) in which the 30-year fixed-rate mortgage (FRM) averaged 6.58 percent, with an average 0.5 point, for the week ending April 27, 2006, up from last week's average of 6.53 percent. Last year at this time, the 30-year FRM averaged 5.78 percent. The 30-year …
See What $1,000,000 Buys in Housing These Days
This Forbes article states that the number of million dollar homes doubled between 2000 and 2005, nearly 1 out of every 25 properties in California. http://www.forbes.com/forbeslife/realestate/2006/04/27/million-dollar-homes_cx_lr_0428feat.html?partner=rss Scroll down to See what $1 million in real estate will buy you across the country. Pretty interesting stuff.
Nationally, Real Estate Sales Soared in March, With A Catch…..
Fresh from CNN Online: http://money.cnn.com/2006/04/26/news/economy/newhomes/index.htm?section=cnn_topstories Much of the activity generated was the result of builders cutting prices to move standing inventory.