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KIRO Radio's Tom Kelly digs deep into the Puget Sound real estate market
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Join Tom Kelly every Sunday at 9am on KIRO Radio to talk Puget Sound real estate.

"Walking away from your loan' - 9 a.m. Sunday, 97.3 KIRO-FM

Are you still underwater on your mortgage with no help in sight? Do you feel like you are throwing away good money after bad?

Nearly one-third of Seattle mortgages still underwater

Despite increasing prices, nearly one-third of all Seattle-area homeowners with mortgages owe more than the value of their homes, according to a new survey by Seattle-based Zillow.

More buyers prepared to buck up for homes - Redfin

In the second quarter of 2013, 41 percent of buyers said they're willing to offer more, up from 34 percent in the first quarter, according to a survey of more than 1,300 homebuyers in 22 major markets by Seattle-based real estate brokerage Redfin. ꠇᲷ ኘ̭á¾"Ì¢

Millennials seek compact, urban 'game-changing' homes

A new ULI survey of about 1,200 Millennials showed that the group will continue to prefer more compact, urban homes, even later in life. ULI researchers also note that this generation is more likely than older generations to live in apartments and in downtown areas.

Ability-to-repay rule draws more scrutiny

The ability-to-repay rule, which first was greeted with positive reaction, now has some lawmakers and community banks concerned that it may cause lending to tighten even more at smaller banks, The Wall Street Journal reported.

Home sales soar to highest level in 3 1/2 years

WASHINGTON (AP) - Sales of previously occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale.

Loan applications tumble as interest rates rise

Mortgage applications last week dropped 10 percent after rates soared to their highest level since March, the Mortgage Bankers Association reported in its weekly mortgage market survey for the week ending May 17.

Small investors rolling retirement accounts into real estate

Amateur investors are increasingly tapping into their retirement accounts to buy homes and take advantage of the hotter housing market, CNNMoney reported.

'Dear seller: We are the best family for your home'

In a housing market characterized by a short supply of properties and by bidding wars, some buyers are hoping to get a competitive edge by writing sellers short notes about why they are so right for home and want to become its new owners.

Buying beats renting in Seattle if you stay 3.6 years, says Zillow

Buying a home is a better financial decision than renting for Seattle-area homebuyers intending to stay in their home for at least three years and seven months, according to a first quarter analysis from Seattle-based Zillow.