Positive real estate news around the US

Nation’s Home Prices Rose 2% in August

By THE ASSOCIATED PRESS
Published: October 30, 2012

WASHINGTON (AP) — Home prices rose in August in nearly all American cities, and many of the markets hit hardest during the crisis are starting to show sustained gains. The increases were the latest evidence of a steady housing recovery.

For the rest of the story read here.

125 NW 101st St | Greenwood Cape Cod

1941 One-level Cape Cod features a spacious, open-layout floor plan that is perfect for today’s lifestyle.  The layout flows seamlessly and you’ll love entertaining in the formal dining room and generous kitchen! The light—filled interior features include wood fireplace, hardwood floors, 3 bedrooms, and a mudroom with bonus office space. The charming bath has been updated with period details and the updated kitchen boasts newer appliances. Upgrades include newer roof, some new windows and fresh interior paint. The oversized lot and deck are perfect for outdoor living! Just a few blocks to the Interurban Trail and Carkeek Park.

Offered for $350,000

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More good news for the Seattle Market and Record Low Rates

King County home sales, median prices up from year ago

Lack of homes for sale is holding back the market.
For the rest of the Seattle Times article click here

US rate on 30-year mortgage hits record 3.36 pct.

Average U.S. rates on fixed mortgages fell to fresh record lows for the second straight week. The declines have led more homeowners to refinance, a trend that could help jumpstart the economy.
For the rest of the Seattle Times article click here

317 North 64th St Phinney Townhouse $450,000 | Sale Pending

Perfectly located in the heart of Phinney- you’ll love this nearly new built green townhouse! Enjoy a quick stroll to all of the shops, restaurants and cafes and then retreat to this stylish and contemporary home. Open concept living area is sleek yet comfortable an perfect for today’s lifestyle. Perfectly appointed kitchen boasts slab granite, glass tile back-splash and stainless appliances. Luxurious master with attached bath features vaulted ceilings and custom built-ins. 2nd upper level bedroom also features and en-suite bath!

MLS#412048

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Move west for fast moving homes!

Well, in our case just stay put!

By Nick Timiraos

A shortage of inventory is having a dramatic effect on home sales in several Western U.S. housing markets.

Data from Redfin, the Seattle-based real-estate brokerage with operations in 19 markets, show that nearly 28% of homes listed in their markets in August had gone under contract in their first two weeks on the market. The share has held steady since March, when it shot up from around 17% of all homes last year.

But a look at specific market data show heavy variation. In short, the West is on fire. The Northeast? Not so much.
For the entire story click here

Seattle City Council passes ban on backyard houses

Bravo to the group of residents from different Seattle neighborhoods (Phinney, Montlake, West Seattle) for fighting back against the builders (and agents) who were building these skinny homes (monsters really) and seriously ruining quality of life for the neighbors!!

Seattle fast-tracks ban on big backyard houses
The Seattle City Council on Monday unanimously approved an emergency moratorium on some small-lot development that was allowing three-story homes in existing back and side yards of residential neighborhoods
Full story here

The original story in the Seattle Times about the loophole that allowed these homes:
Backyard houses catch the eye of City Council
The Seattle City Council is considering a moratorium on small-lot houses — houses built in the backyards of other houses.

Full story here