real estate

Redfin

In the world of online real estate companies, Seattle-based Zillow has dominated headlines lately with its plans to purchase rival Trulia. Is that bad news for Redfin, another competitor based in Seattle?

In many American communities, buying a home is now less expensive than renting. And with the economics tilting in favor of homeownership, many first-time buyers are jumping into the market.

After eight years of renting, Kitsy Roberts and her husband, Janko Williams, are practically giddy about their new Seattle home. And like proud parents, they are eager to show it off, from its historic details to its fresh paint.

COEUR D’ALENE, Idaho - The housing market in the Northwest is finally showing signs of recovery. But there’s one sector of real estate that never let up during the economic downturn. Real estate agents who sell what’s known as “survival realty” are experiencing boom times. A remote corner of the Northwest has become a hotspot for home buyers wanting to ride out disaster – natural or otherwise.

Realtor Michael White guides me from room to room in a spacious three-bedroom, three-and-a-half-bath home. Let’s just say it’s somewhere in north Idaho.

Ashley Gross / KPLU

The number of apartments being built in downtown Seattle has jumped almost 10-fold compared with two years ago, suggesting the city’s downtown core is in the midst of a rebound.

The first condo building to start construction in five years also recently broke ground in the city's Denny Triangle neighborhood. That's another sign that the market may be beginning to revive, after the real estate crash brought condo construction to a halt.

The Associated Press

KPLU's  John Maynard posed this question to Seattle-area real estate appraiser, Richard Hager: "If I sold a $2 million dollar house and paid the real estate agent his standard commission, then he'd get $180,000 out of the deal. Is that a negotiable situation?" Hagar's answer?

Some banks will pay you if you keep your foreclosed house in good condition. That includes things like  mowing your lawn and keeping your toilets and countertops spick and span.

Seattle-area Real Estate Appraiser and educator Richard Hagar tells KPLU's John Maynard that some lenders offer in the neighborhood of $2,000.00 to ex-homeowners  for keeping foreclosed property looking neat and tidy. 

Great deals on new homes can be found on the plains and near the planes.

That's the word from Seattle-area real estate appraiser Richard Hagar. New developments on the  flatlands of  Quincy, Wash., and the "loud lands" near Sea-Tac Airport are being built and sold at a pretty fast clip. Hagar tells KPLU's John Maynard there are some interesting reasons for that.

David Zalubowski / Associated Press

Mortgage rates fell to near-record lows this week: The nationwide average for a 30-year fixed rate mortgage is 4.3% according to Freddie Mac. Rates that low are proving to be catnip to consumers in an otherwise dismal week.

PULLMAN, Wash. – The Washington Center for Real Estate Research at Washington State University reports home sales and prices declined in the second quarter statewide.

A decline in the number of homes for sale in the area has raised hopes the market is improving or at least stabilizing, but some analysts say it's actually proof of a bank foreclosure bottleneck.

Erin Hennessey

Back in the early 1960's, a string of motels along Seattle's Aurora Avenue North sprang up to accommodate tourists pouring into town to visit the Seattle World's Fair. Real Estate Appraiser Richard Hagar tells KPLU's John Maynard that a lot of this property is being redeveloped.

Bellamy Pailthorp / KPLU

Starting tomorrow, struggling homeowners in Washington have new rights. 

The Foreclosure Fairness Act signed into law in April is designed to prevent unnecessary foreclosures primarily by requiring banks to take part in mediation if borrowers ask for it and doubling the number of housing counselors.

Flickr

These days home sellers are facing an uphill battle, and qualified buyers are becoming ever pickier. Find out how traffic congestion and pending construction project - even those that benefit the community at large- can impede the sale of a house.

Erin Hennessey

The good news is that some sellers in the current real estate market are getting multiple offers on their property but buyers are being much more choosy when it comes to deciding on a new home.

Elaine Thompson / AP

Home prices in major markets around the U.S. dropped to their lowest levels since 2006 in March. But not in Seattle.

After falling almost two percent in February, Seattle home prices were up a modest 0.1 percent in March, but still down 7.5 percent compared to March 2010.

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