Thinking About Buying Green?

Ever wonder if buying a green home is a sound financial investment?  A recent article in the Seattle Times discusses recent statistics and the benefits of buying a green home.  It cites a study by GreenWorks Realty which reviewed the NWMLS King County condominium sales from September 2007 - May 2008 and included only new construction built in 2007 and after.  The statistics … [Read more...]

More Developers On Hold…a good thing?

As discussed in many of our previous blogs, the "wait & see" approach has continued through the middle of summer.  It is amazing to watch the natural progressions of the real estate market auto correcting.  Condo Conversions have come to a screeching halt, new construction has been put on hold, and many condo projects have converted to either Apartments or … [Read more...]

$7,500 Tax Credit for First-Time Home Buyers

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 … [Read more...]

Pending Home Resales rise 5.3%

Does a number like this predict that the market has bottomed out?  Not necessarily, but it is a great sign that lower prices are driving sales.  Pending sales is the most important indicator to monitor; due to the fact that it tracks contracts that are being signed accepted and are moving towards closing.  July numbers are due on August 25th.   Only time will tell if sales … [Read more...]