Market Insider for Sammamish August 15, 2016

Local real estate conditions are changing and your Market Insider provides valuable, up-to-date information about the communities important to you. View critical information about what is happening now, so you can be a "Market Insider"!

Market Area: 98074

Listing Price

$1,060,670

Listing Price Trend

-0.09%

Sold Price

$775,000

Sold Price Trend

+ 0.4%

 

Buying or selling a home involves many factors. Stay on top of current community trends by viewing these listing and sale prices, demographics, school performance, area comparisons, and more. Of course, you can always call or email for help understanding what this information really means for you.

 


Climate Change and Housing: Will a Rising Tide Sink all Homes? - Zillow Research

Typically when we talk about “underwater” homes, we are generally referring to negative equity. But there is, of course, a more literal way a home can be underwater: Rising sea levels, and the flooding likely to come with them, could inundate millions of U.S. homes worth hundreds of billions of dollars.

via www.zillow.com


Market Insider July 28, 2016

Local real estate conditions are changing and your Market Insider provides valuable, up-to-date information about the communities important to you. View critical information about what is happening now, so you can be a "Market Insider"!

Market Area: 98075

Listing Price

$1,131,710

Listing Price Trend

-0.09%

Sold Price

$1,017,970

Sold Price Trend

+ 0.75%

 

Buying or selling a home involves many factors. Stay on top of current community trends by viewing these listing and sale prices, demographics, school performance, area comparisons, and more. Of course, you can always call or email for help understanding what this information really means for you.

Featured "Insider Tip"

New Survey Shows Retirees Want to Stay in Homes


An overwhelming number of people nearing or in retirement want to remain in their current home as long as possible, according to the results of a new survey released by The American College o...

Learn more about successfully selling or buying a home and check out a whole library of tips and articles to help you!

 


Ruling: Lender cannot suddenly change your locks if you miss mortgage payments | The Seattle Times

Score one for justice.  A number of times during the real estate downturn I assisted people who had their lien holder change the locks.  Good to see this finally getting dealt with.
Laura Jordan came home from work one day to find herself locked out. She had missed two mortgage payments, and the company servicing her loan had changed the locks without warning.

via www.seattletimes.com


Thanks, Brexit! Well-Qualified U.S. Buyers Reap a Windfall – Real Estate News and Advice – realtor.com

The surprise victory in Britain of the campaign to leave the European Union may be spurring panic across the Continent (and among some regretful British voters), but “Brexit” has left U.S. home buyers with a very definable windfall: mortgage rates that are now the lowest they’ve been in more than three years.

via www.realtor.com


King County septic fee goes down the drain

A King County proposal to adopt an annual fee on septic systems to fund an inspection and oversight program has been dropped after an outcry from rural King County residents.

Patty Hayes, director of Public Health – Seattle & King County, announced at a packed public meeting Tuesday night in Fall City that the department was tabling its effort to adopt a fee of up to $37 a year. The money would have funded a program to better manage on-site septic systems and identify sources of water contamination in the county.

http://www.seattletimes.com/seattle-news/eastside/king-county-drops-plan-for-septic-system-fee/#iframe_height=300

via www.seattletimes.com


Opinion: Condo regulations are extortion - Puget Sound Business Journal

Where I see this play out is in the re-sale condo market.  Once the lawsuits are filed lenders will not lend to the new buyer so sellers are often stuck being unable to sell until the suit is settled.  In the mean time rental restrictions often preclude owners from renting the units until the disposition of the law suit so they stay or pay. 
Brian..
News reported in this paper that people were camping out in order to put a deposit on a condominium to be built two years hence is evidence that pent up demand exists in that market. That demand exists isn’t shocking – what's shocking is that someone has the temerity (or naivety) to build a condo anywhere in this state.

via www.bizjournals.com