Uncategorized U.S. Housing Looks Ready to Rebound – Barrons.com It hit with the ferocity of an Old Testament plague, wiping out large populations of homeowners in the U.S. Five million of the country’s 76 million mortgage holders have lost their homes to foreclosure or lender-ordered short sales since 2006, and an estimated 14 million more owe more on their homes than their properties are […]
Uncategorized Costco now offering mortgages – Puget Sound Business Journal Now in addition to the bulk quantities of toilet paper and soft drinks, Costco Wholesale Corp.    is now offering mortgages. CNNMoney reports that after a year of testing, the Issaquah-based retailer (NASDAQ: COST) is offering a full-service mortgage program from First Choice Bank, a New Jersey-based community bank, and 10 other lenders. Costco is […]
Uncategorized Q&A with Linea Laird, Alaskan Way Viaduct replacement program administrator – Puget Sound Business Journal Linea Laird oversees the state Department of Transportation’s $3.1 billion Alaskan Way Viaduct replacement project. She took over last fall after Ron Paananen, the longtime project director, left for a private-sector job. Laird already was intricately involved in the project, including overseeing procurement and development of the $1.9 billion deep-bore tunnel — a critical and […]
Uncategorized Seattle house prices are down, but we’re no Atlanta – Puget Sound Business Journal Seattle is one of nine cities where housing markets hit new lows in February, according to a report on house prices by the Standard & Poor’s/Case-Shiller    Home Price Indices. Atlanta had the biggest annual skid in house prices in the country, down a whopping 17.3 percent from February last year. It’s the fifth month […]
Uncategorized Report: Distressed homes now 40 percent of sales in King County – Puget Sound Business Journal Two in five home sales in King County were short sales or sales of bank-owned properties during the first three months of 2012, according to Washington Property Solutions    . These distressed sales of single-family houses and condominiums were even higher in Snohomish and Pierce counties: 51 percent of sales in Snohomish County and 54 […]
Uncategorized Seattle most popular U.S. city: Poll – Puget Sound Business Journal Seattle is America’s most popular city, Portland is the country’s second-favorite city and Detroit is the least popular, according to a new poll. A Public Policy Polling poll of 21 “prominent” U.S. cities indicated 57 percent of American voters saw Seattle favorably and only 14 percent saw it unfavorably, just edging out Portland. Only 22 […]
Uncategorized Wall Street Broker D. Lisa West showcased in WSblog Our Wall Street Broker D. Lisa West showcased in the WSblog: Our very own D. Lisa West featured in the WestSeattleBlog: http://westseattleblog.com/2012/04/happening-now-west-seattle-art-walk-april-edition
Uncategorized Shoppers flock to the new Trader Joe’s store in West Seattle – Puget Sound Business Journal Shoppers flocked to the new Trader Joe’s store that opened Friday in West Seattle.In June 2010, California-based Trader Joe’s signed the lease to open the 14,200-square-foot store, located at 4545 Fauntleroy Way S.W.The West Seattle store will become Trader Joe’s 17th store in Washington.The store offers more than 1,000 items under the Trader Joe’s private […]
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Uncategorized The Mortgage Forgiveness Debt Relief Act and Debt Cancellation If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable. The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in […]
Uncategorized No joke: Bank of America sues itself – Puget Sound Business Journal Here’s another example of the jumbled mess prevalent in the housing and mortgage market: Bank of America    , Washington state’s largest bank by market share, has sued Bank of America in a foreclosure case. Multiple times. Online newspaper The Huffington Post reported this item. It points to a dozen cases in Florida where BofA, […]
Uncategorized Windermere Foundation Quarterly Report | Windermere Foundation Greetings from the Windermere Foundation, Thanks to you and the wonderful support the Windermere Foundation has received so far this year, we have disbursed nearly $185,000 to qualifying social service organizations dedicated to serving low-income and homeless families throughout the Western U.S. Our amazing agents, brokers, staff and owners, along with public supporters, continue to […]
Uncategorized Americans Predict Rents and Home Prices to Increase We report on Fannie Mae’s Quarterly National Housing Survey every ninety days. Fannie Mae also does a monthly survey covering different aspects of the housing market. Here are some record numbers we found interesting in Fannie Mae’s March report (emphasis added). Thirty-three percent of respondents expect home prices to increase over the next 12 months, the […]
Uncategorized Seattle house prices up again – seattlepi.com Do you have clients waiting for the bottom?  Oops, looks like they may have missed it!  Read the article below… Seattle house prices rose for the second month in a row in March, the Northwest Multiple Listing Service reported Thursday. One reason is an extremely low supply.” Close to the job centers, 45 percent of new […]
Uncategorized West Seattle Blog… » Warren Buffett-owned company buys Prudential Northwest Realty Prudential Northwest Realty, led by West Seattleite Mike Gain, now has something in common with household names such as Dairy Queen, See’s Candies, GEICO Insurance, and Fruit of the Loom: It is now owned by a company that belongs to Warren Buffett‘s Berkshire Hathaway. Ahead, the news release announcing that HomeServices of America is buying […]
Uncategorized Educational, motivational titan Lou Tice of The Pacific Institute (TPI) dies – Puget Sound Business Journal Lou Tice, chairman and co-founder of The Pacific Institute (TPI), died at his Seattle home Sunday evening, April 1, after an illness. A statement released by TPI says: “Surrounded by his wife, Diane, and loving family and friends, Lou spent his final days challenging those around him to carry on with his life’s work – […]
Uncategorized Housing Crisis to End in 2012 as Banks Loosen Credit Standards Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one […]
Uncategorized Downtown Seattle bus free rides ending in September – Puget Sound Business Journal Riding the King County Metro Transit    buses for free in downtown Seattle will end Sept. 29 after 30 years. The Seattle P-I.com reports the Ride Free Area logs an average of about 9,000 free rides per day but costs about $2.2 million per year to operate. Boarding buses is expected to take longer downtown […]
Uncategorized HomeStreet cease-and-desist order lifted by regulators – Puget Sound Business Journal HomeStreet Inc.    , the holding company of HomeStreet Bank    , announced Wednesday that regulators have lifted an order to “cease and desist” operating with unsafe and unsound banking practices that dated from 2009. “This is a major milestone for our bank and reflects substantial improvements in the risk profile and financial condition of […]
Uncategorized financial benefits AND social benefits of homeownership Homeownership has more than just financial benefits, there are also quite a few social benefits for you, your family and the greater community. What are some of the social benefits that are most important to you? http://bit.ly/H9zspi
Uncategorized From boom to bust and boom again ~ Barron's: http://t.co/SpzB2gxN