Former MyNorthwest.com Content Contributor

Tom Kelly

Tom Kelly was formerly a Content Contributor to MyNorthwest.com.

State foreclosures down, 4.4 percent in ‘serious delinquency’

Approximately 18,998 completed foreclosures occurred in Washington in the past 12 months with 4.4 percent of all owners still in "serious delinquency."

13 years ago

Equity markets credited for jump in vacation homes

NAR's 2014 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2013, shows vacation-home sales climbed 29.7 percent to an estimated 717,000 last year from 553,000 in 2012.

13 years ago

Mortgage interest: Wrong year to expect any tax change

Only 42 percent of households currently benefit from the mortgage interest deduction.

13 years ago

Seattle’s low inventory creates affordability concerns

While some markets are booming, many are slower to regain lost equity.

13 years ago

Seattle ranked No. 11 on apartment ‘boom town’ list

According to Sparefoot's analysis, builders pushed to keep up with the demand for multi-family housing in several cities.

13 years ago

The house is new – but don’t forget care and maintenance

You won't have to replace big ticket items like a furnace or a roof anytime soon, but to keep your new house looking new, you'll still have the regular chores like cleaning and caulking.

13 years ago

Think rates have risen? Looking back on 18.63 percent loans

At 18.63 percent, monthly mortgage payments on a $200,000 loan would be $3,117, compared to $992 a month at today's 4.32 percent average.

13 years ago

‘Pre-underwriting’ aims to curtail bidding wars

All-cash buyers, especially investors, are providing intense competition for families and individuals who aim to be owner-occupants.

13 years ago

Mortgage interest: Wrong year to expect major tax change

The actual impact of MID is not as far reaching as most assume.

13 years ago

Realtors come after Zillow for luring top execs

Lawsuit alleges breach of contract, fiduciary duty, and misappropriation of trade secrets.

13 years ago

Did you pass? New site grades neighborhood appeal

The neighborhood surrounding the Bonneville-Seattle headquarters on Eastlake (98102) received a "C" grade.

13 years ago

Homes still undervalued despite price gains – CoreLogic

"There is no need to fear a bubble for at least a few years to come, if at all."

13 years ago

Some loan modifications face rate increase

Rates will rise in increments of up to 1 percent a year.

13 years ago

Young buyers optimistic yet challenged by credit, study reveals

Eight out of 10 recent buyers considered their home purchase a good financial investment.

13 years ago

House photos from above: Drone use remains unclear

An administrative law judge ruled that the Federal Aviation Administration lacks clear authority to ban the commercial use of drones in the U.S.

13 years ago

Best agents suggest a realistic asking price

It's a great time to be a home seller. So, what's the best way to proceed?

13 years ago

Consumers, lenders feel sting of new mortgage rule

Twenty percent of originators surveyed indicated that the changes and heightened underwriting in general would impact nearly all of their production.

13 years ago

Zillow report: Twenty percent of Seattle owners ‘underwater’

Seattle homeowners with negative equity mirrored the national average.

13 years ago

5 signs a promising neighborhood is ready to shine

An up-and-coming neighborhood often is characterized by retail or residential construction that is already in progress.
13 years ago

Show me the money: Not for everyone

What appears to be a wonderful windfall instead brings a series of decisions the senior couple would rather not make.

13 years ago

So much for downsizing: New homes are getting bigger

Forty-eight percent of homes built in 2013 had four bedrooms compared to 34 percent with that number in 2009.

13 years ago

Lack of jobs, income jolt homebuyer affordability

"If rates continue their upward trend, it will be difficult for many families to purchase a home without seeing some income growth."

13 years ago

Potential refinance candidates remain on the sidelines

Fannie Mae, the largest player in the nation's secondary mortgage market, recently conducted two surveys to find out why nearly half of homeowners who are eligible to refinance their homes have not done so.

13 years ago

Five mortgage tips for all borrowers

Be prepared to explain any large deposits to an account - even a check from a family member.

13 years ago