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Bellevue, WA Real Estate News

By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
   West Bellevue's real estate market continues its swagger Typically between the second and third week of January median list prices sofen. This is one of my favorite leading indicators for home prices for the year is the median price of new listings. This Week: The median list price this week in West Bellevue is $2,488,021 up from last Jauaury's $1,333,000. With inventory and days-on-market basically unchanged and the Market Action Index  (MAI see chart below) increasing, the market is not sending strong directional signal for the near-term outlook.      Supply and Demand Market conditions have been consistently cooling in the past several weeks.  Because we’re still in the Seller’s zone, prices have not yet begun to drop.  It may take a few more weeks of slack demand for prices to r...
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By Dave McFarland
(RSVP Real Estate)
Does now make sense to trade up in Bellevue Washington? – Get your free list of "trade up" homes today! Been living in Bellevue Washington for a while?  You bought your home at a price that would make anyone envious today.  Now you ready for a home that’s larger or in a more desirable location.   Here are a a few questions I ask clients when discussing their trade up objectives.  If you answer yes to most, it’s a sign that you may be ready to trade up. Have you built substantial equity in your current Bellevue Washington home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you’ve owned your home for five or more years, you may have sig...
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By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
     Have prices in West Bellevue peaked?   This Week: The median list price this week in West Bellevue is $2,098,444 unchanged from  last week’s $2,098,444.  Inventory is up and the Market Action Index  (MAI see chart below) is trending down recently.  While days-on-market appears to be trending lower, the overall conditions are weakening a bit.   Supply and Demand Market conditions have been consistently cooling in the past several weeks.  Because we’re still in the Seller’s zone, prices have not yet begun to drop.  It may take a few more weeks of slack demand for prices to reflect and begin to fall.  Expect prices to fall if the index persistently falls to the Buyer’s zone. Price We continue to see prices in  West Bellevue bouncing around this current levels, even though they  bumpe...
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By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
     West Bellevue’s real estate prices continue to soar   This Week: The median list price this week in West Bellevue is $2,098,444 up from  last week’s $1,950,000.  Inventory has been tightening but days-on-market and the the  Market Action Index  (MAI see chart below) has been basically unchanged, not providing strong indication for market conditions.    Supply and Demand Market conditions have been consistently cooling in the past several weeks.  Because we’re still in the Seller’s zone, prices have not yet begun to drop.  It may take a few more weeks of slack demand for prices to reflect and begin to fall.  Expect prices to fall if the index persistently falls to the Buyer’s zone.   Price We continue to see prices in  West Bellevue bouncing around this current levels, even though t...
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By Paul McFadden, Pest Control, Seattle, WA.
(Responsive Pest Control)
Hi all: I hope you're enjoying your Tuesday afternoon! QM or the Qualified Mortgage has arrived! For those of you not in the know, new mortgage rules were implemented on January 10, 2014. The Qualified Mortgage relates to what can be guaranteed by the big entities, Fannie Mae and Freddie Mac. Per the new guidelines, the new qualified mortgage will have a maximum debt to income ratio of 43%. Before, the debt to income ratio was 45%. The good news so far has been that as long as there is a loan approval from the desktop underwriting systems of Fannie Mae and Freddie Mac your loan will still probably be approved. Since FHA and VA, for example, often approve their borrowers at higher debt to income ratios (probably because they require an upfront insurance premium), it is good news that deb...
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By Mary Cruz & Team, Real Estate Professionals
(Global Home Brokers)
Everything you need to know when buying a home in Bellevue WA     Find homes for sale Homes in Bellevue WA.  These King County homes have a super convenient location in Bellevue near Downtown Park, Meydenbauer Center, Lincoln Square, Catch a movie in a 16-screen luxury cinema, stay or spa in the Westin Bellevue, shop for wines and wares, eat a lively meal-then bowl or shoot billiards in the hippest nightspots anywhere. You will feel right at home in Bellevue WA.   Homes for sale in Bellevue include new construction, remodeled homes, foreclosures, short sales, and traditional resale homes.  Home styles range from condos to townhomes and single-family homes.   Selling in Bellevue? Request a custom evaluation for your home at Home for Sale in Bellevue WA.   Affordable Spacious Homes or Con...
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By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
     What’s happening with West Bellevue’s real estate market?   This Week: The median list price this week in West Bellevue is $1,950,000 down from  last week’s $1,950,000.  Inventory has been decreasing lately but the  Market Action Index  (MAI see chart below) has been falling also.  With  days-on-market climbing,  ,these are relatively negative implications for the market.   Supply and Demand Home sales continue to outstrip supply and the  Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.  Price We continue to see prices in  West Bellevue bouncing around this current levels, even though they  bumped up a bit this week.  Look for a persistent up-shift in the Market A...
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By Paul McFadden, Pest Control, Seattle, WA.
(Responsive Pest Control)
Hi all: I hope you're well! If you're in a sunnier clime right now, stay there. It's not cold here but it's raining to beat the band. We usually can expect this weather for a while now. It's 2 Days until QM or the Qualified Mortgage. I have written on this topic previously. Beginning with the Dodd-Frank Act of 2010 and culminating with the new Qualified Mortgage, the mortgage industry has been completely revamped by our government. I'm not saying this didn't need to happen. The days of easy money found earlier this new millenium also were partly to blame for the whole real estate meltdown that started near the end of 2006.  With the new QM or Qualified Mortgage we are getting back to simpler guidelines and the burden of proof is more like it was in the old days. When we bought our first...
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By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
    West Bellevue’s real estate market giving mixed signals   This Week: The median list price this week in West Bellevue is $1,998,000 up from  last week’s $1,95,000.  Inventory has been decreasing lately but the  Market Action Index  (MAI see chart below) has been falling. With  days-on-market climbing, these are mildly negative indications for the market.   Supply and Demand Home sales continue to outstrip supply and the  Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.  Price We continue to see prices in  West Bellevue bouncing around this current levels, even though they  bumped up a bit this week.  Look for a persistent up-shift in the Market Action Index before...
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By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
    West Bellevue’s real estate continues its streak   This Week: The median list price this week in West Bellevue is $1,950,000 down from  last week’s $1,772,500.  Inventory has been lightening lately but the  Market Action Index  (MAI see chart below) has been trending up. Though  days-on-market is increasing , these are mildly positive indications for the market.   Supply and Demand Home sales continue to outstrip supply and the  Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.  Price We continue to see prices in  West Bellevue bouncing around this current levels, even though they  bumped up a bit this week.  Look for a persistent up-shift in the Market Action Index...
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By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
    West Bellevue’s real estate takes a (seasonal) breather   This Week: The median list price this week in West Bellevue is $1,772,500 down from  last week’s $1,786,000.  Inventory has been decreasing lately but the  Market Action Index  (MAI see chart below) is following also.  With  days-on-market climbing,  these are relatively negative implications for the market.   Supply and Demand Home sales continue to outstrip supply and the  Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.  Price We continue to see prices in  West Bellevue bouncing around this plateau.  Look for a persistent up-shift in the Market Action Index before we see prices move from these levels. Lo...
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By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
    West Bellevue’s real estate showing  slowing signs    This Week: The median list price this week in West Bellevue is $1,786,000 up from  last week’s $1,749,500.  Inventory has been decreasing lately but the  Market Action Index  (MAI see chart below) is following also.  With  days-on-market is increasing,  these are relatively negative implications for the market.   Supply and Demand Home sales continue to outstrip supply and the  Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.  Price We continue to see prices in  West Bellevue bouncing around this plateau.  Look for a persistent up-shift in the Market Action Index before we see prices move from these levels. Loca...
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By John Bryson
  Nestled in-between mountain and lake views in Bellevue Washington, Bellevue High School stands as one of the top high schools in the country. Bellevue High School made Newsweek’s 2013 list of ‘America’s Best High Schools’ once again this year.  BHS ranks 5th in the  state and 242nd in the nation.  There are approximately 1,469 students enrolled in the school.  Bellevue High School teaches the towns of Medina, Yarrow Point, Clyde Hill, Hunts Point and Beaux Arts, and also the neighborhoods of Downtown Bellevue, Enatai, Wilburton and Woodridge.                                                                                               Bellevue High School has long been recognized for its excellence in academics.  The Washington Post placed BHS on its “America’s Most Challenging High S...
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By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
    West Bellevue’s real estate inventory lightening market times up   This Week: The median list price this week in West Bellevue is $1,749,500 up from   last weeks $1,729,500.  Inventory has been lightening  lately and the  Market Action Index  (MAI see chart below) has been trending up.  Though  days-on-market is increasing,  these are mildly positive indications for the market.   Supply and Demand Home sales continue to outstrip supply and the  Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.  Price We continue to see prices in  West Bellevue bouncing around this plateau.  Look for a persistent up-shift in the Market Action Index before we see prices move from thes...
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By Paul McFadden, Pest Control, Seattle, WA.
(Responsive Pest Control)
Hello all: I hope you're well and gearing up for the Thanksgiving Holiday! I recently blogged about QM or the Qualified Mortgage. For those of you who may not be aware, January 10, 2014 is the date of the new interpretation of the Qualified Mortgage as written in the Dodd-Frank bill of 2010. Qualified Mortgages will be primarily for borrowers with good credit (ideally above 740), loan to values of less than 80% and conforming loan requests up to the maximum allowed by your county. If a loan isn't deemed to be a qualified mortgage, it doesn't mean it can't be done. But the interest rate and the terms of the loan may be different. It's quite possible that a new sub-prime loan category emerges. Oh boy! All lenders are pretty concerned about how things will change. The biggest thing is the ...
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By John
(Green City Window and Door)
Replacing your windows can be one of your home's most attractive features and can also provide you with convenient ventialtion, ease of use, superior natural light, and cleaning convenience not found in older windows. Window Replacement Bellevue Green City Window and Door If you have an older home or have inefficient windows you could be throwing 30% of your heating and cooling dollars out the window, literally. On average, the owner could expect to recoup approximately 69% upon the sale of the home when replacing their older windows with new energy efficient windows. Window Replacement Bellevue Green City Window and Door http://www.greencitywindow.com  We are a General Contractor with over 45 years of experience in the building trades specializing in replacng residential windows & doo...
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By Lana Robbins Licensed Managing Broker/Owner, Licensed in Washington, Florida, and Hawai'i
(Aloha Kai Real Estate)
I was on a mission. Casually looking in stores to find the elusive wheatgrass to mix in with my organic juices. If you're doing a Google search to find the elusive wheatgrass look no further. You can find wheatgrass at Uwajimaya in Bellevue. Their physical address is 699 120th Ave NE, Bellevue, WA 98005.When you get there go to the produce section. It is near the organic produce on the top shelf. If you are looking to buy or sell a home or investment property in Seattle or Bellevue, call me directly at (425) 290-3114.
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By John
(Green City Window and Door)
  Replacing your windows can be one of your home's most attractive features and can also provide you with convenient ventialtion, ease of use, superior natural light, and cleaning convenience not found in older windows. Window Replacement Bellevue Green City Window and Door If you have an older home or have inefficient windows you could be throwing 30% of your heating and cooling dollars out the window, literally. On average, the owner could expect to recoup approximately 69% upon the sale of the home when replacing their older windows with new energy efficient windows.Window Replacement Bellevue Green City Window and Door http://www.greencitywindow.com  We are a General Contractor with over 45 years of experience in the building trades specializing in replacng residential windows & doo...
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By Paul McFadden, Pest Control, Seattle, WA.
(Responsive Pest Control)
Good morning! I hope you're all well. In  56 calendar days, the new QM or Qualified Mortgage rules will take effect. Let me explain. In 2010, the Dodd-Frank bill was passed by Congress. In the bill it specified how mortgage loan officers were to be paid among other things. Fast forward to January 10, 2014 when the next phase of Dodd-Frank will be implemented. Although it appears there are rules that are left open to interpretation (just as in the original bill of 2010), it's clear that it will go into effect and with the following changes. One, Total debt to income on conforming loans that are guaranteed by either Fannie Mae or Freddie Mac will go to 43%. Right now that figure is 45% so things will tighten. It's unclear whether government loans such as VA and FHA will be this way too. R...
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By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
    West Bellevue’s real estate inventory: Tight   This Week: The median list price this week in West Bellevue is $1,749,500 up from   last weeks $1,724,500.  Inventory has been decreasing  lately and the  Market Action Index  (MAI see chart below) has been following also.  With days-on-market climbing, these are relatively negative implications for the market.   Supply and Demand Home sales continue to outstrip supply and the  Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.  Price We continue to see prices in  West Bellevue bouncing around this plateau.  Look for a persistent up-shift in the Market Action Index before we see prices move from these levels. Localized r...
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