While Green Lake is a fresh water lake located in north central Seattle, Washington—it is much more than that, it’s also one of Seattle’s most popular and active neighborhoods to live in! The Greenlake Park is surrounded by the Greenlake neighborhood to the north and east, Wallingford neighborhood to the south, Phinney Ridge neighborhood to the…
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5 Ways to Know You’re Ready to Buy Your First Home
Guest Post By : Emily Thomas If you’re a new college grad like myself (or a first time home-buyer) buying a new home can seem like a commitment you feel you aren’t ready to make. Aside from getting married and buying your first car, buying your first home is one of the most important decisions…
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Investor Alert: Foreclosure Inventory Plunges Nearly 30% As Economy Continues To Improve
The nation’s foreclosure inventory has contracted for 18 consecutive months and is now at its lowest point since the end of 2008, totaling 1.28 million loans, or just 2.54% of today’s active mortgages, according to Lender Processing Services (LPS). The company’s latest report assessing loan-level data on the performance of mortgage assets through the end of October…
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Annual Home Price Gains Through August 2013 Sets Post-Crisis Record
The S&P/Case-Shiller Home Price Indices rose once again in August at their fastest annual rate in more than six and a half years, but the monthly pace continues to slow. The Case-Shiller 10- and 20-city composites each posted yearly growth of 12.8 percent over August 2012, breaking July records and setting the fastest pace for growth since…
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Seattle and Portland Rank in Top 3 for Home Flipping
Investors are profiting once again from house flipping. Most of today's profits come from a growth in high-end flips of homes $750,000 or more, according to RealtyTrac’s third-quarter Home Flipping Report. Real estate investors earned an average gross profit of $54,927 on single-family flips during the third quarter, according to the report. “Increasing home prices…
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June Marks 20 Months of Declines for Foreclosure Inventory – Down 20% Year over Year
Completed foreclosures and distressed inventory continued their downfall in June, CoreLogic reported Tuesday. Data for last month showed 55,000 homes were lost to foreclosure, down 20% from June 2012. The decrease represents the 19th month-in-a-row completed foreclosures have ticked down. However, on a monthly basis, completed foreclosures inched up by 2.5%. Since the financial crisis began in September…
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Home Sale Prices Rise to 5 Year High – Up 5.9% in May
Home prices rose to their highest levels in almost five years in May, increasing by a non-seasonally adjusted 2.5 percent, according to the Case-Shiller Home Price Indices released Tuesday. The 20-city index was up 12.2 percent from a year earlier, and the companion 10-city index was up 11.8 percent. For the month, the 10-city index rose 2.5…
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Fixed Rates Skyrocket in Response to Fed Remarks – Largest Weekly Increase in 27 Years
Mortgage rates shot up in the last week following remarks from the Federal Reserve that it may be tapering its bond purchases later this year. According to Freddie Mac’s Primary Mortgage Market Survey, the average 30-year fixed-rate mortgage (FRM) rose to 4.46% (0.8 point) for the week ending June 27, an increase from only 3.93% last week…
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Monthly Increase In REOs By Over 11% Drives Up Foreclosure Activity in May
After posting a 75-month low in April, foreclosure filings increased 2 percent in May, according to RealtyTrac. The rise was primarily driven by an 11% increase in REOs over the month. However, REOs demonstrated a 29% decline year-over-year in May, while foreclosure filings fell 28% over the same time period. “Foreclosure activity continued to bounce back in…
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Foreclosure Inventory Falls 24% from Year Ago
Foreclosure inventory continued to shrink in April, with the number of homes in some stage of the foreclosure process down 24 % year-over-year, according to data from CoreLogic. About 1.1 million homes sat in foreclosure inventory in April compared to 1.5 million properties a year ago, CoreLogic reported. Foreclosure inventory also dipped month-over-month, falling 2% from…
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