The Hottest News & Trends in Puget Sound Real Estate

Qualified Mortgage Standards and Impact

The is finalizing its version of the qualified mortgage rule which will set standards “non-abusive” mortgages must meet to get the “qualified mortgage” seal of approval. But what does this mean for buyers looking to finance their home purchase with Rhinosure? Below are a few insights on how the qualified mortgage rule may impact you and your future mortgage: Read more

Foreclosures Decline But Backlog Still Years From Clearing

indexThere’s no denying that the housing industry is on the upswing since the number of mortgages in foreclosure is declining, but there’s one major hurdle left to overcome – a large backlog of foreclosures in the pipeline which may take years to clear.  And it’s this backlog of foreclosures that may cause a slowdown of the housing market recovery if something is done immediately. Read more

How To Get Your Dream House In A Seller’s Market

indexFive years after the real estate industry experienced the biggest housing bust since the Great Depression, many pundits are seeing the rise of a seller’s market.  Foreclosures are down and home sales are rising at such a fast pace that in many states, such as Washington, it’s outstripping the amount of inventory available to potential buyers. It’s a perfect storm for a seller’s market. So how do you find your dream home at a bargain price in a seller’s market? Below are a few tips: Read more

Former Seattle Sonics Player Refuses To Leave Foreclosed Property

indexRobert Swift, a former Seattle Sonics center, lost his home to foreclosure earlier this year but is reportedly still living in the house and refusing to leave. And according to some new reports, Swift’s foreclosure wasn’t the first sign of financial trouble. Read more

The Do’s and Don’ts For Renovating Your REO or Foreclosure

imagesPurchasing a bargain priced REO or foreclosure offers an opportunity to cash in on real estate in a big way. But that sometimes doesn’t happen without a little renovating. Below are a few tips on how to get the most out of your home renovation and avoid trouble: Read more