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June 26th, 2009 Slumping property values, sluggish sales and the stagnant economy have created an influx of short sales in the Seattle area's housing market. "It's certainly bringing buyers back into the marketplace," said Ron Sparks, managing vice president with Coldwell Banker Bain in Bellevue. "Houses are not so much for sale right now as they are on sale." [ Full Article ]
June 14th, 2009 Lawmakers are pushing to revive legislation in the Senate that would almost double an $8,000 tax credit for first-time homebuyers and expand the program to all borrowers. [ Full Article ]
May 5th, 2009 Rates on 30-year mortgages tied a record low this week, spurring refinancing activity as the troubled housing market moves closer to possibly hitting the bottom, Freddie Mac said Thursday. Average rates on 30-year fixed mortgages, the most popular loan among home buyers, slid to 4.78 percent from 4.8 percent last week, Freddie Mac said. Last year at this time, the average rate on a 30-year mortgage was 6.06 percent. [ Full Article ]
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