West Region
Aug 14th, 2008 |
By RT Staff |
Category: West Region
The number of homes sold in the state continued to slide in the second quarter, the Washington Center for Real Estate Research at Washington State University reported Thursday.
The sales of 89,380 homes in the quarter that ended June 30 was 8.5 percent below the sales in the first quarter and 31.7 percent below the second [...]
Tags: home price, home sales, housing market, interest rate, Washington
Posted in West Region |
No Comments »
Aug 13th, 2008 |
By RT Staff |
Category: Real Estate Auctions, West Region
In a chilled housing market where prices continue to cool, bank-owned foreclosure auctions offer buyers a fast, easy way to grab the best deals on the market. Lenders are eager to sell their foreclosed properties at auction at discounted prices to avoid the long-term carrying costs incurred by these loans. America’s most trusted foreclosure auction [...]
Tags: first-time buyers, foreclosure auctions, foreclosure listings, real estate investment
Posted in Real Estate Auctions, West Region |
1 Comment »
Aug 13th, 2008 |
By RT Staff |
Category: West Region
With more homeowners losing their homes to foreclosure, and home sales slowing the rental market has been flooded with potential tenants. But what could have been a boon for apartment complexes never has materialized.
With more affordable homes entering the rental market, apartment complexes are struggling to sign leases.
Between the first quarter of 2007 and the [...]
Tags: apartment, apartment rents, condo, condominiums, foreclosures, landlords, rental market
Posted in West Region |
1 Comment »
Aug 12th, 2008 |
By RT Staff |
Category: West Region
Six years ago, at the height of the housing boom, the architect-developer partners of Concepto Design Group International in the Gaslamp Quarter and Hoku Properties of San Diego bought a historic home on Hillside Drive in La Jolla for $1.8 million, relocated it and replaced it with a $10 million, 8,910-square-foot showcase property.
Called “Essencia,” the [...]
Tags: foreclosures, luxury real estate
Posted in West Region |
No Comments »
Aug 11th, 2008 |
By RT Staff |
Category: West Region
There’s good news and bad news in the Napa County real estate market.
The good news?
“First-time buyers can buy a home for significantly less than they could in 2005 or 2006,” said Realtor David Barker of Frank Howard Allen. “Some buyers priced out of the market can now buy.”
The bad news?
In the past 12 months, the [...]
Tags: California, home price, home sales, Napa County, real estate market
Posted in West Region |
No Comments »
Jul 25th, 2008 |
By RT Staff |
Category: West Region
A rescue plan for troubled homeowners and mortgage giants Fannie Mae and Freddie Mac that is on track to pass through the Senate on Saturday has marked a momentous move for the housing market.
A shift appears to be stirring in Ventura County as well, some real estate professionals say.
The market is turning, said Kay Wilson-Bolton, [...]
Tags: California, housing market, property market, real estate market
Posted in West Region |
No Comments »
Jul 23rd, 2008 |
By RT Staff |
Category: Housing News, West Region
The highest rates of foreclosures in metropolitan Phoenix have moved from the farthest flung suburbs to neighborhoods closer into the area, particularly some in south, west and central Phoenix.
That’s according to an Arizona newspaper’s analysis of real-estate data from the Information Market.
When foreclosures started to climb last summer, the highest rates of home defaults were [...]
Tags: Arizona, foreclosures, Phoenix, real estate market
Posted in Housing News, West Region |
No Comments »
Jul 23rd, 2008 |
By RT Staff |
Category: Housing News, West Region
Asante’s homebuyers program refunds up to 66% of the buyer’s agent’s commission empowering buyers to find their home, either online or through open houses. For a $600,000 home, the buyer gets up to $12,000 back upon the close of escrow. Asante’s full-service at a fair price value proposition makes a huge financial difference for home [...]
Tags: home buyers, housing market, real estate, real estate buyers
Posted in Housing News, West Region |
No Comments »
Jul 21st, 2008 |
By RT Staff |
Category: West Region
Portland’s commercial real estate market had largely dodged the residential market’s swoon.
But the region’s continuing housing slide, the nationwide credit crisis and a slowing economy appear to be eating away at the office and retail real estate markets.
“The economy has finally caught up with the office market,” said Patricia Raicht, vice president at real estate [...]
Tags: commercial real estate, office space, Portland, retail real estate
Posted in West Region |
No Comments »
Jul 20th, 2008 |
By RT Staff |
Category: West Region
Jon Hansen is ready to sell his Superior home and buy a bigger, nicer one.
But in the Twin Ports real estate market, neither buyer nor seller is quite king these days, and like Hansen, few are in a hurry to do anything.
“I’m not going to sell myself short for what I think it’s worth,” Hansen [...]
Tags: housing market, real estate market
Posted in West Region |
No Comments »