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January 6th, 2010 Home prices in Seattle rose on a seasonally adjusted basis in October from September, the first increase in almost 2 ½ years, according to the closely watched Standard & Poor's/Case-Shiller index. The seasonally adjusted Case-Shiller figure for Seattle rose 0.44 percent in October. The index had fallen every month since peaking in May 2007; it's still down 22.5 percent since then and down 12.5 percent since October 2008. Seattle was one of 11 cities in the 20-city index to post a seasonally adjusted increase in October. [ Full Article ]
September 28th, 2009 Though home prices in many areas still have room to drop, economists say some of the country's real estate markets are showing early signs of repair. A two-year slide in values has eased its stomach-turning pace, and some analysts expect the national market to bottom out by mid 2010. [ Full Article ]
August 29th, 2009 On May 1, a sweeping reform took effect that was meant to reduce the conflicts of interest in home appraisals while safeguarding the independence of the people who do them. Brokers and real-estate agents can no longer order appraisals. Lenders now control the entire process. The Home Valuation Code of Conduct is setting off a bitter battle. Mortgage brokers, lenders, real-estate agents, regulators and appraisers are all arguing over whether an effort to fix one problem has created many new ones. The agents, maintaining that the changes are effectively blocking home sales by encouraging the use of inexperienced appraisers, are asking Washington to suspend the code until 2011 [ Full Article ]
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