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Uncategorized Real estate developer, philanthropist Jack Benaroya has died – Puget Sound Business Journal Seattle real estate developer, civic leader and philanthropist Jack A. Benaroya, 90, passed away peacefully in his sleep on Friday, according to his family. “The guy is a legend in terms of real estate development,” said Jim Bowles, senior managing director for the greater Puget Sound area for CBRE, the real estate services firm. “He […]
Uncategorized 7 Metros Where List Prices Soared Last Month | Realtor Magazine Nationwide median list prices rose more than 5 percent in March compared to February, according to Realtor.com housing data of 146 markets. The median list price nationally is now $189,900. In fact, nearly all of the 146 metro areas saw median list prices rise or hold steady month-over-month except for five metros (Columbia, Mo.; Melbourne-Titusville-Palm Bay, […]
Uncategorized Real Estate for $890,000 – NYTimes.com (way to go Natalie!) MERCER ISLAND, WASH. WHAT: A 3-bedroom oak house on a wooded lot HOW MUCH: $875,000 SIZE: 3,110 square feet PER SQUARE FOOT: $281 SETTING: Mercer Island is a secluded, woodsy community on Lake Washington, between Seattle and Bellevue. The area is known for its well-regarded public schools and rustic atmosphere. The shops and restaurants in […]
Uncategorized Zillow will buy RentJuice for $40M; profits are up – Puget Sound Business Journal Online real estate company Zillow    announced Wednesday that it will buy San Francisco-based RentJuice Corp. for $40 million in cash. Zillow also posted record revenue for the first quarter of 2012 and a profit of $1.7 million, compared to an $800,000 loss in the same quarter last year. Profits per share were $0.06, compared […]
Uncategorized Further Proof the Real Estate Market Is Coming Back Last week, the National Association of Realtors (NAR) released their Pending Sales Report which showed that contracted sales were 12.8% higher than the same month last year and higher than any time since sales were impacted by the Homebuyers’ Credit back in April of 2010. The index stood at 101.4 which represents a level that […]
Uncategorized Flush with cash from investors and profits, HomeStreet bets on mortgage loans – Puget Sound Business Journal HomeStreet Bank    saw a big boost in profits for the first quarter of 2012, compared to a loss a year ago, as the Seattle-based bank continues to show revved-up life 11 weeks after going public and raising $88.7 million from shareholders. HomeStreet Inc. (HMST), the parent company of HomeStreet Bank, reported net income of […]
Uncategorized Mortgage rates hold near record lows | HousingWire Fixed mortgage rates held near record lows this week as the markets waited for the Federal Reserve monetary policy announcement following two days of deliberations. The Freddie Mac survey showed the 30-year, FRM averaged 3.88% for the week ending Thursday, inching down from the prior week’s average of 3.90%. Last year at this time, the […]
Uncategorized NAR: Pending home sales rise to highest level in 2 years | HousingWire Pending home sales increased in March and are well above a year ago, according to the National Association of Realtors. NAR’s pending home sales index, a forward-looking indicator based on contract signings, rose 4.1% to 101.4 in March from an upwardly revised 97.4 in February. It is 12.8% above March 2011 when it was 89.9. The […]
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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 […]
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 […]
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