City of Seattle Proposing Legislation To Make People With Arrests/Conviction Records a Protected Class

Jail

Fair housing laws were created to prevent individuals from being unfairly discriminated against when it came to housing. At the federal level, no one can be discriminated because of race, color, religion, sex, handicap, familial status, or national origin in the sale, rental, or advertising of a residential property. Each of these are considered protected classes. At the city level, each city … [Read more...]

The Mortgage Interest Deduction’s Farewell Tour?

Mortgage Interest Deduction

In February of this year, President Obama established the National Commission on Fiscal Responsibility and Reform (www.fiscalcommission.gov). Their mission was to identify "policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run." Their first task was to issue a report on recommendations to achieve their overall mission by December 1, … [Read more...]

November Puget Sound Real Estate Statistics

November Pending Sales - Seattle Area Real Estate

Demand November's real estate figures are out and the seasonal slow down has finally presented itself. The most surprising part is this month's pending sales volume was better than each of the last three years! Take a look at the graph. It just beat out November 2009 and 2007. What this means is consumer demand (even in a wintery, cold, and snowy month like we had) remains comparatively … [Read more...]

Own Rental Property? The IRS is making you issue more 1099′s!

More and more paperwork for the IRS

On September 27, 2010, President Obama signed the Small Business Jobs Act into law. Overall, this is great news. It extends successful SBA recovery loan provisions, more than doubles the max loan size for the largest SBA programs, establishes a new $30 billion dollar small business lending fund, creates eight new small business tax cuts, and on and on and on. Download the summary or put … [Read more...]

Snowvember in Seattle – Freezing Cold Temperatures and SNOW!

Seattle Needle Snow

What’s with Seattle’s FREEZING Cold Temperatures and SNOW in November?  La Niña, Spanish for “the Girl” is behind Seattle’s out of the ordinary weather conditions. La Niña is an ocean-atmosphere phenomenon that is the counterpart of El Niño, meaning “the boy,” and part of the overall El Niño-Southern Oscillation climate pattern.  Scientists aren't exactly sure what causes the back and forth … [Read more...]

Operation Home Relief Campaign on FaceBook

Operation Home Relief Cause Campaign

One month ago, HouseLogic (the National Association of REALTORS®’s consumer website) and USA Cares (a non-profit, charitable organization) launched Operation Home Relief on Facebook, a cause campaign dedicated to helping militarily families in danger of loosing their homes to foreclosure. HouseLogic offers free information on their website about homeownership for homeowners as well as an online … [Read more...]

October Puget Sound Real Estate Statistics and Analysis

Running Pending Sales Graph

So How is the Market? A question I get all the time.  It's been a while since I did some in-depth analysis on how the market is, so let's take a look.  October's sales numbers are in from the NWMLS and there are some positives as well as negatives to take from it .  In the 4-County area of King, Snohomish, Pierce and Kitsap counties for single family and condo sales combined, pending sales hasn't … [Read more...]

Which way is the market going?

data-nov-comparisons

This is a very common question to ask. In today's market, there is no good and straightforward answer. The best thing we can do right now is take data points from multiple areas and make some educated predictions.   This morning, news came out here, here and here that Washington state had its first positive gain in jobs this past December to January since November 2008. Note that the job gains … [Read more...]

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