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May 2008 - Posts

Sunday, May 25, 2008 9:05 AM

Want the Real Story?...... Fact #7

Fact #7: First-time buyers lose money while they wait on the sidelines. First, renters typically pay more state and federal income taxes than homeowners with a mortgage deduction. Renters are also losing the wealth they could be accumulating as they pay
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Sunday, May 25, 2008 8:55 AM

Price Reduced on 3316 125th Ave NE in The Crossings at Lake Stevens

The Crossings at Lake Stevens, Lake Stevens - Announcing a price reduction on 3316 125th Ave NE, a 1,899 sq. ft., 3 bath, 4 bdrm 2 story. Now MLS® $325,000 - Nice. Property information
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Monday, May 12, 2008 1:53 PM

Want the Real Story?...... Fact #6

Fact #6: First-time buyers have a real advantage in today’s market. First-time buyers can buy at a reduced price without having to sell at one too. Higher limits on lower cost conforming loans also help first-time buyers purchase more home for their
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Friday, May 09, 2008 2:48 PM

Have We Reached Rock Bottom?

The Housing Crisis Is Over By CYRIL MOULLE-BERTEAUX May 6, 2008; Page A23 The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the
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Friday, May 09, 2008 2:47 PM

Want the Real Story?...... Fact #5

Fact #5: 2008 is the best year to buy a home in 35 years. 1973 was the last time mortgage rates were this low in a buyer’s market. We had rates this low in 2001 and 2002, but those were strong seller’s markets with little inventory. The last
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Monday, May 05, 2008 8:08 AM

Want the Real Story?...... Fact #4

Fact #4: Real estate is cyclical The biggest fear in good times is that the fair weather won’t last forever—because it doesn’t. But the reality of a cyclical real estate market also provides its brightest hope in bad times—foul
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Monday, May 05, 2008 8:05 AM

Interest Rates Reach Rock Bottom?...

Here is part of a newsletter I get from my local lender: "Then some real good news came Wednesday. The Fed announced another 0.25% rate cut. Even better, many economists interpreted the Fed's comments to mean they will cut rates no more. This
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