Posts Tagged ‘seattle neighborhoods’
Wallingford Realty Grand Opening and the Solstice Parade
June 10, 2011 | 
Author Well, the day has finally arrived. After nearly a year’s worth of planning and preparing we are finally ready to officially launch Wallingford Realty Inc.
We will officially open our doors on June 18th which conveniently coincides with the always entertaining Fremont Fair and Solstice Parade. So get your asses down to Fremont for some interesting people watching and an epic barbecue style party. We will be serving food and adult beverages all day. It will be a kid friendly environment so bring the rugrats too.
The Solstice Parade starts at 12:00 so be sure to get down there early so you can check out the naked bicyclists! We will not encourage public nudity at our event but please come by anyway. 🙂 After the parade the party will kick into overdrive with our DJ spinning at 4:00. We will be sponsoring a ping pong tournament for some awesome prizes. Don’t miss out on this once in a generation event! Some day you will be able to tell people that you were there and you met a real live Troll. See you there!
The Troll
Posted in Troll's Blog | 
Tags: buy a home, economy, financing, home buying tips, home financing, home mortgage, home selling tips, homes, homes for sale, mortgage, mortgage blog, northwest real estate, property for sale, 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 listings, seattle neighborhoods, seattle real estate, sell a house, wallingford, wallingford properties, wallingford real estate, washington, washington property, washington real estate | 
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The Mariners, Trolling and a Party
The Troll’s busy week has hampered his postings but with M’s tickets in hand for today’s game he is ready to post about a new topic. The Mariners. They are rolling right now which is a welcome sight after a horrible season last year. Yes, the Troll is pumped to get out from under the bridge and into the sunshine at Safeco Field. His white legs may be glaring, translucent even but he is determined to flip flop his way downtown. He will be joined by his son and future Mariner Trevor Troll who was last seen tearing up the coaches pitch Little League under the Ballard Bridge. It’s a family business you see and we have divided up the Seattle bridges. I have the Fremont Bridge, my lovely wife Trina has the University Bridge and my daughter Trisha has just set up shop under the Montlake Bridge. Some people say she is too cute to troll but I say it’s in the blood.
So with the smell of beer and suntan lotion in the air it can only mean one thing, baseball season. Or I guess it could mean other things like the Fremont Fair and Solstice Parade. Which coincidently will be the setting for Wallingford Realty’s Grand Opening. If you are planning to go to the parade this year please stop by and have an adult beverage at our new digs. I will post more info about the Grand Opening as we get closer to it so stay tuned. Until then, Go M’s!
The Troll
Posted in Troll's Blog | Tags: buy a home, economy, financing, home buying tips, home financing, home mortgage, home selling tips, homes, homes for sale, listed properties, mortgage, mortgage blog, northwest real estate, property for sale, 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, sell a house, wallingford, wallingford properties, wallingford real estate, washington, washington property, washington real estate | Comments Closed
Foreclosure Numbers
LPS Applied Analytics recently released their mortgage performance data. Delinquencies increased slightly in April but are down almost 10% on the year and over 25% from the delinquency peak in January 2010. Improvement continues in the pipeline for early stage or newly delinquent loans. The inventory for those loans has dropped to 3 year lows. Even as the overall foreclosure pipeline remains bloated, these are positive signs for the housing recovery. According to LPS, 12.11% of owner occupied mortgages are delinquent or in foreclosure. The numbers break down like this:
2.24 million loans less than 90 days delinquent
1.96 million loans 90+ days delinquent
2.18 million loans in the foreclosure process
6.39 million total loans are delinquent or currently in foreclosure as of April
When will these properties come available you might ask? The answer isn’t clear at the moment. Lenders have, through a variety of ways, slowed the supply of available foreclosures. There have been moratoriums on foreclosures due to lender ineptitude with many overwhelmed by the sheer volume of properties now on their books. Lenders are also trying to avoid dumping too much supply on the market as it would devalue their inventory and create even steeper losses. It looks to this Troll that the supply will be brought to the market evenly over a long period of time.
The good news locally is the overall foreclosure inventory is not nearly as severe in the Pacific Northwest. Great deals are out there with short sales and the chances of them seriously tanking our market are increasingly slim.
The Troll
Posted in Troll's Blog | Tags: buy a home, economy, financing, foreclosures, home buying tips, home financing, home mortgage, homes, homes for sale, mortgage, mortgage blog, northwest real estate, property for sale, purchase real estate, real estate, real estate agents, real estate blog, real estate info, real estate office, realtor, realtors, realty, search real estate, seattle, seattle listings, seattle neighborhoods, short sales, wallingford, wallingford properties, wallingford real estate, washington property | Comments Closed
Unemployment and the Puget Sound
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 | 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
Rents on the Rise?
I have read some recent publications regarding the rental market and have some information to pass along. According to REIS Inc, an impartial source of commercial real estate data, renters could be facing some substantial rent increases in the next year. The firm’s quarterly report shows that the vacancy rates for apartments dropped dramatically during the first quarter and rents have begun to rise in some parts of the country. Reuters also has a story out that shows apartment vacancy has declined in the past quarter from 6.4% to 6.2% nationally. This is the largest percentage drop in any quarter since REIS Inc has tracked this data (1999). In addition, the Census Bureau confirms this trend and includes other types of rentals (SFR’s). According to their data, the rental vacancy rate dropped 1.3% from 4th quarter 2009 through 4th quarter 2010. We shouldn’t ignore an obvious trend.
In an attempt to bring this national information to a local level; I will pass along my most recent rental experience. Our longtime tenant provided notice in February that she was moving to help her elderly parents. It took the Troll a week get the place ready. He had it professionally cleaned, touched up the paint and completed a landscaping project long overdue (bamboo removal….nasty stuff!). We listed the property on craigslist on a Saturday evening and to our surprise by Sunday morning we had 14 inquiries. I showed the unit to the first few people and rented it after a credit report and a lease agreement. It Took Less Than A Day!
Now, the Troll is not sharing his story to brag about the one time when the sun actually shined on him. As you will soon find out he has numerous shortcomings which Mrs. Troll is always happy to point out. He just wanted to share with his readers an experience he had and hopefully provide some local feedback.
And with that he will crawl back under his bridge.
The Smiling Troll
Posted in Troll's Blog | Tags: buy a home, commercial real estate, economy, financing, home buying tips, home mortgage, mortgage, real estate agents, real estate blog, real estate info, real estate office, realtor, realtors, realty, realty office, rental market, search real estate, seattle, seattle listings, seattle neighborhoods, seattle real estate, wallingford, wallingford real estate, washington real estate | Comments Closed
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