According to yesterday’s issue of the Puget Sound Business Journal, about 16 percent of all residential properties with mortgages were in negative equity at the end of the year in Washington State. Negative equity means the homeowner owes more on the home than the home is worth. This can occur because of a decline inContinue reading “Under water? Can’t afford your mortgage payments anymore? Short Sale as Foreclosure Avoidance Tool best for some Homeowners”
Category Archives: bottom
Houses for Pennies on the Dollar? Really?
Many buyers have heard that Seattle real estate is more affordable than ever. Yes, prices have dropped quite substantially but when I hear people saying or I read articles about “Houses for Pennies on the Dollar” I get a little perturbed. We have had a few people contact us with unrealistic expectations about what theyContinue reading “Houses for Pennies on the Dollar? Really?”
Have we seen the bottom yet in Seattle?
Have we seen the bottom yet in Seattle? Maybe, maybe not. It depends what neighborhoods and price ranges you are talking about. The suburbs are still struggling and many properties that have sat on the market for a long time in these areas continue to sit. Condos are tough to sell, as well, largely becauseContinue reading “Have we seen the bottom yet in Seattle?”
Kerstin G. Brooks, Broker 