SEATTLE: America’s Top Business City

What happens when a single American city boasts an annual gross domestic product of $288.5 billion, annual job growth of 2.7 percent over the past five years, and a 4.7 percent increase in income over the same period?   Well, you name it the best city in the U.S. for business and careers, obviously.   [...]

The Practical Benefits of the American Dream

If you stop and think about it, the American Dream is largely a dream about homeownership. The history of the United States — from the crossing of the Atlantic to westward expansion — was all about staking a claim and finding a place to call “home.” This dream was powerfully captured by the so-called G.I. [...]

SEATTLE’S SLUMP: Why buyers are looking North and South for more home for their buck

After a record-breaking period of pedal-to-the-metal acceleration, the Seattle- and Eastside real estate market is finally beginning to pump its brakes a bit. According to Case-Shiller’s recent home price index, while single-family homes increased in price across the metro area that includes King, Snohomish, and Pierce counties by 12.1 percent over the past year (which [...]

UNTAPPED EQUITY: Why Americans are hesitant to dip into their vast resources

UNTAPPED EQUITY: WHY AMERICANS ARE HESITANT TO DIP INTO THEIR VAST RESOURCES We are living in a unique moment when many of us have vast sums of money at our disposal that we are deliberately choosing not to access. According to Black Knight’s recent report, America’s 44 million homeowners have more tappable equity — $6 [...]

How has home affordability changed over the years?

Although the prices of homes have risen, the ability to afford a home has improved.  See the chart below for detailed explanation. Wow, the payment to finance a median priced home is nearly unchanged from over 30 years ago:      This comparison is all the more dramatic when you realize that $921 was a much larger [...]

2014-05-30T20:11:23+00:00 Categories: Mortgage|

Is HARP 3.0 coming in 2014?

Are you one of the many homeowners’ in Washington State who have been unable to benefit from the government’s “Home Affordable Refinance Program” or “HARP”? That might be about to change.   Congress recently confirmed Mel Watt as the new Director of the Federal Housing Finance Agency (FHFA) which controls Fannie Mae and Freddie Mac. [...]

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