Ginthner & Associates - Windermere Real Estate
Ginthner & Associates - Windermere Real Estate
Specializing in Results
Windermere Capitol Hill 1112 19th Ave E Seattle WA 98112 206-324-8900 |  Email: contact@ginthner.com

Foreclosures Increase

Posted on September 17, 2010

By The Associated Press and Seattle Times staff

Lenders took back more homes in August than in any month since the start of the U.S.mortgage crisis.

 

The increase in repossessions came even as the number of properties starting the foreclosure process slowed for the seventh month in a row, foreclosure-listing firm RealtyTrac said Thursday.

In all, banks repossessed 95,364 properties last month, up 3 percent from July and an increase of 25 percent from August 2009, RealtyTrac said.

The increases were even greater in Washington. Compared with last August, foreclosures rose a whopping 156 percent in King County, 161 percent in Snohomish County and 55 percent in Pierce County.


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Housing continues sluggish pace

Posted on August 26, 2010
Existing home sales plunged 27 percent in July, while new homes fell 12 percent to a new all-time record low, which led to some market concerns that the housing market may slow the economic recovery. As a result, long-term bond yields fell to the lowest levels since January 2009, allowing fixed mortgage rates to ease to new record lows this week.


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Pacific Northwest Housing Forecast

Posted on August 4, 2010
Taking into consideration such factors as employment, foreclosure rates, income growth, demographic trends, and construction costs, Moody's Economy.com and Brookfield (Wisc.)-based financial services industry information firm Fiserv (FISV) estimate that by 2014, U.S. home prices will be 7.2 percent above 2010 levels, with the strongest growth in the Pacific Northwest. Click below for the full article:
 

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Seattle Home Prices Improve

Posted on July 28, 2010

Home prices in Seattle improved for the third month in a row in May but remained far below their pre-recession highs, according to the latest Case-Shiller home-price report.


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Possible FHA changes

Posted on July 15, 2010
The Federal Housing Administration (FHA) is considering three policy changes to boost its capital reserves. Under the changes, new borrowers seeking FHA-insured loans will need a minimum FICO score of 580 to qualify for FHA's 3.5% downpayment program. New borrowers with credit scores between 500 and 580 will be required to provide a 10% downpayment, and borrowers with credit scores below 500 will no longer qualify.

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Foreclosures still persist

Posted on July 14, 2010
If past recessions  are a guide, the nation’s high foreclosure rate is likely to persist, according to authors at the Federal Reserve Bank of Cleveland.


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More Blog Entries
Home Buying Conditions are Best in 30 Years - Posted on July 9, 2010
Foreclosed Homes supply grows - Posted on July 1, 2010
Interest rates see further decline - Posted on June 29, 2010
Financial Overhaul Bill - Posted on June 27, 2010
Mortgage Rates at Lowest Point since Mid 50s - Posted on June 25, 2010
Short sale vs Foreclosure - Posted on June 24, 2010
Interest rates Home sales slip - Posted on June 22, 2010
 
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