Former MyNorthwest.com Content Contributor

Tom Kelly

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

Mortgage rates remain flat for third straight week

Fixed-mortgage rates remained unchanged for the third consecutive week, remaining near record lows. Mortgage rates continue to support housing demand, translating into a pick-up in home prices in most markets.

14 years ago

Perhaps we expect appraisers to do too much

Sometimes, you just have to feel for real estate appraisers. They get hammered by salespersons for making out-of-area valuations when they are contracted to do so, draw the ire of sellers for providing outdated comparable property sales and are criticized by buyers for not discovering structural flaws.

14 years ago

New foreclosures hit lowest rate in six years

Foreclosure filings continue their downward spiral, dropping to the lowest level in January since April 2007, according to RealtyTrac's latest report.

14 years ago

5 words to strike from your vocabulary

Buyers, sellers, agents take note . . .

14 years ago

Low local inventory brings a push for new listings

Inventories of for-sale homes are so tight in some Puget Sound neighborhoods that some agents are writing homeowners letters or even going door to door asking if the owners would be willing to sell.

14 years ago

Builders face lack of skilled workers as economy improves

Builders are now in demand but they're up against an unexpected obstacle: They can't find enough skilled workers to hire.

14 years ago

State’s online loan shoppers rank sixth in credit scores

Washington state online mortgage shoppers have some of the best credit scores in the nation, placing in a tie at No. 6 with Delaware with an average score of 764.

14 years ago

Redfin reveals detailed offer status of online listings

Redfin, a Seattle-based brokerage, announced it will begin to display "Offer Insights" with home-search results of listings from its buyer's agents.

14 years ago

Solid rents make investment homes a ‘sweet spot’

Low mortgage rates coupled with solid rents have made investing in a rental property pay off for investors.

14 years ago

Record low rates are behind us – Freddie Mac economist

Mortgage interest rates have been on the rise for the past month off the all-time record lows set just a few weeks ago.

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14 years ago

IRS to make home offices an easier tax deduction

There was a time, not long ago, when working at home and taking a home office deduction on a federal income tax return raised a huge red flag for IRS auditors. That's because the space being used as the "office" was a kitchen table or a comfy couch in the den.

14 years ago

Big investor groups take huge bite out of housing market

Washington state realtors report that large investor groups were the most active participants in recent foreclosure sales in Pierce and Thurston counties, mirroring the national picture.

14 years ago

Leniency for some owners to walk away from mortgage

Underwater borrowers who have stayed current with their mortgage payments now may be able to give up their properties and get their debts erased, according to new guidelines issued by mortgage giants Fannie Mae and Freddie Mac.

14 years ago

FHA move could add $13 a month to most mortgages

The Federal Housing Administration announced it will be hiking premiums on the majority of its new mortgages by 10 basis points, or 0.1 percent. The move is expected to add $13 a month to the average borrower's monthly payments, according to the organization.

14 years ago

Moving out early could spark forfeit of security deposit

Twenty-six percent of renters are denied their security deposits back when they move out, a Rent.com survey finds of 1,000 renters.

14 years ago

What women want: Six must-haves in a home

Women are a big part of the housing market and usually the decision-makers when it comes to the design of the home. Consequently, more real estate professionals, designers, and marketers are taking notice of women's home preferences.

14 years ago

Builder sues homeowner for negative online review

A construction company owner is the latest in a growing number who are fighting back against negative online reviews posted about their services.

14 years ago

Housing ‘normal’ still 2-3 years away – economist

The housing market is showing plenty of strength, from sales and price increases to a decrease in foreclosures.

14 years ago

Local experts bring short-sale deals into the mainstream

The first connotation of a home listed as a short sale was an unwanted, big-bargain problem house that was either a neighborhood eyesore abandoned by an investor or an overhyped mansion that a high-tech wannabe had to flee because he suddenly discovered his stock options were worthless.

14 years ago

Five reasons why this winter is a good time to sell

Forget the myth that winter is a bad time to sell real estate. While sales usually inch lower in the cooler months, some real estate analysts are saying this winter in particular may be a good time to sell a home.

14 years ago

Mortgage interest, tax changes for 2013, hit the wealthy

For the past 18 months, the mortgage interest deduction (MID) took the most heat of any time since it was first introduced, but it came through the election year nearly unscathed.

14 years ago

Job growth allowing more youngsters to leave the nest

Household formation, which stagnated when recession kept many young Americans from leaving their parents' home or forced others to return to them, is finally on the rise.

14 years ago

Building activity at fastest pace in four years

Builders broke ground on new homes in December at the fastest pace in more than four years offering a "solid ending to 2012 and a promising start to 2013," according to the National Association of Home Builders.

14 years ago

Four ways buyers can mess up loan approval

You've applied for a mortgage and now you are waiting to make it to the closing table. Don't throw your loan approval into jeopardy by making one of these common mistakes:

14 years ago