August 25, 2008 · Comments Off
Several home and condominium developments are now offering some very competitive loan programs through Home Street Bank. Both Woodsong at Coal Creek and Horizon Village at Somerset are offering a Zero Down, No Mortgage Insurance, 5.5% 5/1 Interest Only Arm for those who qualify. This special finanicing is only available for a limited time, but a great advantage to buyers who were unable to qualify due to higher down payment requirements. Currently, these condominium projects are offering 2 bedroom homes ranging... [Read the full story]
August 12, 2008 · Comments Off
On July 30, 2008 the Housing Assistance Tax Act of 2008 was signed into law offering a $7,500 Refundable Tax Credit to first-time home buyers purchasing a single family residence, condominium or townhome. This is a great advantage to those first-time buyers who have or who are looking to purchase a home in the near future. According to the law a “first-time home buyer” is defined as an individual who has not owned a principal place of residence for the last three years. To be eligible for this tax credit, a... [Read the full story]
June 20, 2008 · Leave a Comment
In reviewing the condo pipeline both in Seattle and Bellevue, it looks like inventory should start drying up as we lead into 2009 and especially 2010. In previous years, condo buyers have had many different options in new construction - times are changing. With gas prices nearing $5 per gallon & buses often times standing room only, the urban growth demand in Seattle has quickly begun increasing. Also, with companies like Amazon and Microsoft taking more office space in Seattle, we can be certain that condo... [Read the full story]
June 10, 2008 · Comments Off
Recently the Parc was featured in the Seattle Times - Downtown Living Section. To celebrate the completion of The Parc, the sales and development teams recently held an open house to showcase the new residential towers. More than 100 potential homebuyers came to The Parc to view the four new model homes, tour the building and the roof deck, and to visit the new sales center located on the street level. The event and subsequent days resulted in 10 new home sales in just two weeks proving that the housing market is still going... [Read the full story]
On July 30, 2008 the Housing Assistance Tax Act of 2008 was signed into law offering a $7,500 Refundable Tax Credit to first-time home buyers purchasing a single family residence,... [Read more]
In reviewing the condo pipeline both in Seattle and Bellevue, it looks like inventory should start drying up as we lead into 2009 and especially 2010. In previous years, condo... [Read more]