Real Estate News
Single-person households surpass married with kids
Women now head 54 percent of all single-person households.
New legislation returns title insurance kickbacks to front burner
Washington state law limits the use of incentives and inducements to $25 per person per year.
Builder group lists Top 12 amenities in an average home
Energy-Star rated appliances and windows and programmable thermostats rated high.
Equity rising but 4 million borrowers still 'underwater'
"One of every three borrowers in active foreclosure has a current loan-to-value ratio of 150 or more, meaning they owe 50 percent more than their homes are worth."
Builders add more standard features yet basics vary
Most new homes still don't come with options like rear-yard landscaping and a fenced backyard.
Multiple offers now norm as home shopping hits fever pitch
Multiple offers have become expected. One Kitsap County seller received 16 offers on a $698,000 property while a waterfront estate listed at $2,098,000 is under contract at $2,512,000.
Where's the buyer loyalty when open-house agents surface?
The "phantom" agent - one who surfaces at the last moment and collects commissions for work done perhaps by another - has been the focus of many commission discussions.
Stressful? Consumers pick root canal over homebuying
The survey, based on responses from more than 1,000 consumers, also found that homebuying can cause tension among couples.
Home offices have become a much 'safer harbor'
Accountants say that the original rules for home offices simply became too complex for the nearly 3.4 million taxpayers who claimed deductions for business use of a home.
Home shoppers flock to listings, 'fresh' or 'stale'
As of March 31, nearly 70 percent of the homes on the market were considered "stale"- homes that have sat on the market unsold for more than a month.
Tacoma's U.S. Open: Tax-free cash for owners willing to rent
According to the Internal Revenue Service, an owner can derive tax-free income from renting a property, provided the owner rents it out for 15 days or fewer.
Do real estate agents ever turn down a listing?
Recently, a longtime acquaintance and agent reduced the price of a waterfront second home by $500,000.
New reverse mortgage 'review' timeline pushed back
The new prerequisite is a first for reverse mortgages, which had carried no financial qualification requirement since the loans were first offered in 1989.
Referral power: Survey reveals lack of shopping for mortgages
Researchers found that higher-income and younger-aged borrowers were the most likely to gather multiple quotes when shopping for a mortgage.
Real estate will ride three-year wave, new survey predicts
Economists predict that existing home prices will rise through 2017-rising rising 5 percent this year, another 4 percent in 2016, and by 4 percent in 2017.