Former MyNorthwest.com Content Contributor

Tom Kelly

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

Home sales down, prices dip in latest NWMLS report

The latest from the Northwest Multiple Listing Service shows 7,570 pending sales of single-family homes and condominiums during March, down about 12 percent from a year ago.
16 years ago

Walk away from ‘underwater’ mortgage? Most homeowners opposed

While many homeowners continue to wrestle with the fallout of the housing crisis, a majority of Americans say that simply walking away from a mortgage shouldn't be an option for homeowners, according to a new survey by FindLaw.com, a legal information website.
16 years ago

Top home buyer preference? Walkable communities

Approximately 77 percent of respondents to a new home-buying survey said they would look for neighborhoods with abundant sidewalks and other pedestrian-friendly features over neighborhoods that require more driving between home, work and recreation. According to the Community Preference Survey sponsored by the National Association of Realtors, Americans favor walkable communities where shops, restaurants, and […]
16 years ago

Sellers generating more building inspections

The practice of a seller purchasing an inspection report before advertising the home for sale not only is becoming more common in primary residences but the practice also is spreading to second homes.
16 years ago

Court shutters telemarketers peddling bogus timeshare resales

A federal district court has issued a temporary restraining order against a Florida-based telemarketing scheme that allegedly tricked timeshare owners who sought to sell their timeshare properties.
16 years ago

Zillow rolls out app for BlackBerry

Seattle-based Zillow, an online real estate marketplace, announced its launch of the Zillow BlackBerry app last weekend at the Web 2.0 Expo in San Francisco.
16 years ago

Interest rates tick higher for second straight week

Mortgage interest rates rose slightly for the second week in a row with 30-year, fixed-rate loans sitting at 4.86 percent, according to Freddie Mac's weekly survey.
16 years ago

Proposed new rule could penalize low-down payment borrowers

The new risk retention requirements mandated by Congress in the Dodd-Frank Wall Street Reform and Consumer Protection Act contain a number of provisions intended to address problems created when loans are bundled into mortgage-backed securities and sold to investors.
16 years ago

Shadow inventory shows slight improvement

A company that tracks residential "shadow" inventory reported a slight decline in January compared with the same month a year ago.
16 years ago

Cash buyers keep second home sales steady

The market share of vacation and investment-home sales held steady in 2010, although the sales volume declined with the overall market, according to the National Association of Realtors.
16 years ago