Posts Tagged ‘homes for sale’
Unemployment and the Puget Sound
May 18, 2011 | 
Author The Seattle Times reported our state unemployment numbers today. The report shows the unemployment rate for the State of Washington is 9.1% with the private sector adding 8,300 jobs for the month while the public sector shed 2,500 jobs. What the Troll found promising was the pickup in construction related jobs. According to the report, construction led the way by adding 2,400 jobs followed by professional and business services (1,700) and manufacturing (1,200). Of the jobs lost 1,100 were federal and 1,400 were at the state and local level. There were 307,000 unemployed in Washington with 217,000 receiving unemployment benefits.
In other news courtesy of the Seattle Times, the state’s ecology department overestimated oil related pollution levels in the Puget Sound by a huge margin. The ecology department reported to PBS Frontline in 2008 that Exxon Valdez spill levels were occurring in the Puget Sound on a cumulative basis every 2 years. That was wrong and is in fact dozens of times lower than what was reported. The news is great for the Troll who may actually take a dip at Shilshole this summer.…..if there is a summer.
The Troll
Posted in Troll's Blog | 
Tags: buy a home, construction, economy, environment, financing, home mortgage, homes, homes for sale, mortgage, mortgage blog, northwest real estate, purchase real estate, real estate, real estate agents, real estate blog, real estate info, real estate office, realtor, realtors, realty, realty office, search real estate, seattle, seattle listings, seattle neighborhoods, seattle real estate, wallingford, wallingford properties, wallingford real estate, washington, washington property, washington real estate | 
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Rates are Great
It appears the steady climb to higher interest rates is waning. We have recently moved through the 200 day moving average for Mortgage Backed Securities. The FNMA 4.00% Coupon stands at 99.72 improving 22 basis points today. The 10 year bond market has continued its rally and stands at 3.25 today as well. Remember that an increase in demand for bonds (lower economic forecasts) translates to lower long term interest rates. This recent movement has occurred in the past 30-45 days and appears to coincide with the lowering of growth estimates. Let’s face it, much of the growth in the past year or so has to do directly with government stimulus spending. With the technical explanations out of the way let’s look at what it all means.
With interest rates still at all time lows and our local region faring better economically than the nation as a whole has created opportunity. As I have recently posted, there continues to be better employment opportunities in Seattle (see Spring Break Fun and Local News). Keeping in mind that we have seen a substantial decrease in values since the credit crisis took hold it looks to this Troll that we have the makings of a recovery. If rates are down and rents are up (see Rents on the Rise?) people will start to choose home ownership and its tax benefits rather than staying put and paying someone else’s mortgage. We are seeing now that houses that are appropriately priced in solid neighborhoods are garnering multiple offers. These conditions should collectively foster additional demand for entry level housing, which of course is our Specialty! For more information feel free to give me a call.
The Troll
Posted in Troll's Blog | Tags: buy a home, economy, financing, home buying tips, home financing, home mortgage, homes, homes for sale, mortgage, mortgage blog, northwest real estate, purchase real estate, real estate, real estate agents, real estate blog, real estate info, realtor, realtors, realty, realty office, search real estate, seattle, seattle listings, seattle real estate, sell a home, sell a house, wallingford, wallingford real estate | Comments Closed
Easter Surprise
The Troll felt obligated to pass along an Easter story. The Troll and his lovely wife had a gathering to prepare for on Easter Sunday (25 of their best friends and family). The Saturdays preparation proved to be exhausting (yard work, cooking, cleaning, little league, swimming lessons). As the day came to its end we went up to bed and crashed. In a deep sleep the Troll was awakened by the backhand of Mrs. Troll who seemed in a panic. WE DIDN’T HIDE THE EGGS, she bellowed. And for once she was right; we completely forgot to hide the eggs that our kids had diligently and artistically decorated, furthermore we had forgotten to prepare their Baskets.
So there we were at 2:00 AM in a sleep deprived daze playing Easter Bunny. It took us about 20 minutes but the Trolls rallied and kept alive the delicate rouse of the candy wielding Lagomorphs. Was it all worth it? Of course it was, the Trolls children would believe in the Easter bunny for one more year. Speaking of the Troll children, the boy (7) is starting to raise doubts. He is asking questions like “Is the Easter Bunny the same size as a regular bunny or is he bigger like you?” I think he is going along because he likes the idea of free candy. The girl (4) and wise beyond her years still gleefully believes. Tragedy averted, for now!
Did you know the Easter Bunny came from what is now Germany? The Easter Bunny was introduced to the U.S. by German settlers who arrived in the Pennsylvania Dutch country during the 18th century.
The Tired Troll
Posted in Troll's Blog | Tags: buy a home, financing, home mortgage, homes, homes for sale, mortgage, mortgage blog, northwest real estate, purchase real estate, real estate, real estate agents, real estate blog, real estate info, real estate office, realtor, realtors, realty, realty office, search real estate, seattle, seattle listings, seattle neighborhoods, sell a house, wallingford, wallingford real estate, washington real estate | Comments Closed
Spring Market
Spring has sprung and it’s time to talk about some helpful tips on readying your property for the market. If it is curb appeal you are looking for try focusing on landscaping and exterior paint. Painting is less expensive than other types of projects and you can Do It Yourself! A clean yard is also a must. Make sure you mow, weed your planters and prune your bushes. Now is the perfect time as the ground is easier to work. Also, barking is easy and I’m not talking about your neighbors’ dog. You can cover some unsightly areas of your yard by simply applying ground cover. These few steps can keep some serious cash on the table when negotiating a sale.
Wallingford Realty Inc. has also teamed up with a local licensed and bonded builder for project’s that require more involvement. We can discuss sensible home beautification projects that current buyers crave. Let’s face it, you have to distinguish yourselves in this market and properties that are priced appropriately and have curb appeal can bring much more attention and possibly multiple offers.
The Troll
Posted in Troll's Blog | Tags: construction, financing, home selling tips, homes for sale, mortgage, northwest real estate, real estate, real estate agents, real estate blog, real estate office, realtor, realtors, realty, realty office, seattle, seattle listings, sell a house, wallingford, wallingford real estate, washington property, washington real estate | Comments Closed
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