Former MyNorthwest.com Content Contributor

Tom Kelly

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

Northwest auctions earn different reputation

Auctions have become a convenient, efficient method of moving inventory in a hurry and that includes all types of real estate.

13 years ago

Zillow forecasters see positive, yet slowing home values

Panelists said they expect appreciation rates to slow to roughly 4.3 percent next year, on average, eventually falling to 3.4 percent by 2018.

13 years ago

Nine buzzwords that boost luxury home sales

The study defined luxury listings as those valued four times the median asking price in an area.

13 years ago

Old-school tactics top agents’ online options, survey reveals

According to Bellevue-based Imprev, an agent's most valuable leads still come from traditional sources - open houses, past-client referrals, for sale signs, and walk-ins to brokerage offices - significantly outranking online sources.

13 years ago

Shutdown curbs local home sales, prices rise

According to the Northwest Multiple Listing Service, there were 8,086 pending deals (mutually accepted offers) during October, down from the year-ago total of 8,312 sales. Eleven counties had fewer pending sales last month than a year ago.

13 years ago

Women find the home and men write the check

Men take on more of the financial aspects, while women tend to take the lead on planning aspects, such as neighborhood research.

13 years ago

Singles, first-time buyers feeling housing squeeze

While many potential buyers were still absent, the report did reveal some bright spots for those emerging from a housing crises.

13 years ago

Better to rent? Delinquent borrowers still want to own

The survey found that the majority still believe in the financial and lifestyle benefits of home ownership.

13 years ago

Aging housing stock presents drawbacks, bargains

More than 70 percent of the U.S. housing stock was built prior to 1990, and an aging housing stock may present more opportunities for buyers searching for a bargain, according to RealtyTrac's Aging Homes Analysis.

13 years ago

From office to condo, a growing national trend

Developers have either demolished or converted the removed space into other uses, such as apartments or condos.

13 years ago

Bankers’ crystal ball: Rates to rise above 5% next year

The MBA expects that the Federal Reserve will decide to taper its $85-billion per month bond-purchasing program in early 2014 and end it altogether in September 2014.

13 years ago

Rain brought reminder of Bremerton ‘leaky roof’ case

Given the active housing market, the case also sent a reminder to buyers and sellers on the importance of a solid roof and also of disclosing any known defects with the structure.

13 years ago

Tired of managing rentals? Buy into new bonds

Blackstone has invested an estimated $5.5 billion in homes, buying up mostly foreclosures in Western states and turning them into rental properties.

13 years ago

Barriers to home ownership differ with age

The study also found that more than a quarter of homeowners do not expect to pay off their mortgage by the time they turn 65.

13 years ago

Rising home equity sparks move to remodel

The builders' remodeling market index moved to its highest reading since the first quarter of 2004.

13 years ago

Just in time for Halloween: Who died in your house?

"It's harder to find things like this out than you think," said Roy Condrey, who launched the site after his tenants told him they believed his rental property was haunted.
13 years ago

Flip a high-end home in Seattle and gross $97,000

Real estate investors across the country earned an average gross profit of $54,927 on single-family home turnarounds during the third quarter.

13 years ago

Cut to the Chase: Feds reach $13 billion mortgage settlement

The record penalty would cap weeks of heated negotiating and underscore the extent of JPMorgan Chase's legal woes.

13 years ago

Does everybody over age 50 fit the ‘active’ category?

Why are potential homebuyers in this country age 50 and older typically lopped into an active adult group even though some of them could be worlds away from being "active"?

13 years ago

New home lot size: State average lowest in nation

The median lot size for single-family homes that began construction in 2012 was three quarters of an acre in the New England area compared to 0.14 acres in the Pacific Division, which includes Washington and Oregon.

13 years ago

Eastside’s ‘new kind of neighborhood’ breaks ground

The 36-acre transit-oriented neighborhood will encompass "urban style housing," plus offices, retailers, restaurants, parks, and a hotel, all built with a "focus on sustainability" and mobility choices, which will include nearby light rail.

13 years ago

Reverse mortgage funds reduced, qualifying on the way

As of January 13, 2014, anyone over the age of 62 who wishes to tap the equity in their home without making a payment to repay the debt via a reverse mortgage will now have to show the ability to pay the property taxes and homeowners insurance needed to stay in the home.

13 years ago

Shutdown deflates ‘feel good’ optimism, survey reveals

"Our September National Housing Survey results show that the improvements in consumer housing attitudes witnessed in recent months softened ahead of the government shutdown," said Doug Duncan, Fannie Mae's senior vice president and chief economist.

13 years ago

Analysts dispute claims of housing bubble

Robert Shiller, who co-developed the S&P/Case-Shiller Composite 10 Home Price Index, has said he's concerned some markets across the country may be over-correcting and starting to resemble a housing bubble.

13 years ago