Explore Renton, WA

By Megan Coughlin
(Keller Williams Realty)
Comments 0
Real Estate Market Activity (As of October 15, 2007) Maple Valley/Black Diamond (MLS Area 320)Single Family HomesAverage Days On Market: 78Inventory of Active Listings: 523Average List Price: $444,473Average Sale Price: $422,347CondominiumsAverage Days On Market: 76Inventory of Active Listings: 7...

By David Edwards
(Edwards Real Estate Group, Inc.)
Comments 0
On August 20th, the Renton City Council passed a resolution in support of the Roads & Transit Plan. Voters will vote on this package this November.The Roads & Transit Plan includes the following projects in Renton: - I-405 Bellevue to Renton lane additions- SR 167 / I-405 interchange HOV to HOV d...

By Megan Coughlin
(Keller Williams Realty)
Comments 1
Real Estate Market Activity (As of October 8, 2007) Maple Valley/Black Diamond (MLS Area 320)Single Family HomesAverage Days On Market: 76Inventory of Active Listings: 538Average List Price: $446,534Average Sale Price: $422,717CondominiumsAverage Days On Market: 75Inventory of Active Listings: 75...

By Paul McFadden, Pest Control, Seattle, WA.
(Paratex)
Comments 2
Hello everyone:  Last Friday, the newspapers in the Seattle, WA. area reported that the median sale price of a home decreased for the first time in years.  Granted it was only $500 but this is significant in an area where we've generally been immune to what's going on around the rest of the natio...

By The Keutla Team
(Keller Williams )
Comments 0
Recently remodeled split level 4 bed/2 bath with spacious floor plan, backs to a green belt and large entertainment deck, out building and RV parking. Stainless steel appliances, newer roof and vinyl.  This wonderful home sits in the prestigous neighborhood of Fairwood.  With 1700+ sqft of living...

By David Edwards
(Edwards Real Estate Group, Inc.)
Comments 2
The Washington Assessment of Student Learning scores for individual schools are now available at the Office of the Superintendent of Public Instruction Website at www.k12.wa.us. Percentage of Renton students meeting the state standard on 2007's WASL:Reading:Third Grade: 67 percent, down .6 percen...

By David Edwards
(Edwards Real Estate Group, Inc.)
Comments 0
Part Alton Brown, part John Curley, all ahead-of-the-curve story telling. That's The Curve!The Curve airs on Renton's Channel 21 on Mondays, Wednesdays, and Fridays at 2:00 AM, 1:00 PM, 5:00 PM and 10:00 PM and Tuesdays and Thursdays at 12:00 AM, 8:00 AM, 3:00 PM, and 11:00 PM and Saturdays and S...

By Paul McFadden, Pest Control, Seattle, WA.
(Paratex)
Comments 2
Today, Countrywide Home loans announced they are looking for an additional infusion of cash from investment banks.  This is serious stuff, folks.  A little more than 2 weeks ago, Bank of America invested $2 billion in Countrwide which effectively purchased 16% of Countrywide's stock.  Now, Countr...

By Paul McFadden, Pest Control, Seattle, WA.
(Paratex)
Comments 7
I read late today that Countrywide Home Loans will be laying off 12,000 people or up to 20% of its workforce.  Their CEO, Angelo Mozilo, stated he had never encountered market forces such as they are now.  The goal is to switch everything over to their bank.  What this probably means is their und...

By Paul McFadden, Pest Control, Seattle, WA.
(Paratex)
Comments 5
Good morning all:  I was thinking on my drive home last night about how ingrained it is in our borrower's mind that they get the lowest rates and fees on their loan.  Granted this isn't a bad thing.  In fact, I often encourage people to call 2 or 3 lenders when shopping for their loan.With this i...

By Paul McFadden, Pest Control, Seattle, WA.
(Paratex)
Comments 2
Yesterday, my colleague, Jennifer Graves, and myself appeared on Coach Steve Toth's radio show, www.realcoachingradio.com.  Thanks, Steve, for allowing us the opportunity to appear!  In the show, both Jennifer and I talked about how the Paicific Northwest has so far emerged relatively unscathed f...

By Paul McFadden, Pest Control, Seattle, WA.
(Paratex)
Comments 4
I was reading this morning that the government estimates that at least 2/3 of the adjustable rate mortgages (ARM's) in this nation set to readjust are exotic loans with low teaser rates.  Further, a lot of these loans are above the FHA limit of $367,000. One statistic I read was even higher; 81% ...

By Paul McFadden, Pest Control, Seattle, WA.
(Paratex)
Comments 4
Yesterday I started pricing a jumbo mortgage for a client of mine and found out the rates had increased 1/2-1% over pricing two weeks ago.  The best price I found was 7.5% on a 30 year fixed mortgage.  The rates on ARM's wasn't significantly better.  My borrower has a 720+ credit score, can put d...

By Paul McFadden, Pest Control, Seattle, WA.
(Paratex)
Comments 2
I read this morning that President Bush moved to ease our jitters by allowing people whose mortgages are resetting to refinance into an FHA loan.  Further, the FHA loan limits would be increased to $417,000.  Obviously, these are positive moves that may give our world some traction.But the fine p...

By Paul McFadden, Pest Control, Seattle, WA.
(Paratex)
Comments 4
I write this evening a little perturbed with my borrower who is shopping me.  I understand this is all part of our job but have to admit I'm not crazy about it.  Especially since this particular borrower not only got my business in the first place but also the business of a friend of mine.  I'm a...

By Paul McFadden, Pest Control, Seattle, WA.
(Paratex)
Comments 2
Hello all: It occurred to me today that I love working with real estate agents on deals.  Here's why.  It allows me to communicate throughout the process in order to get the transaction done.  I like this.  I often hear from realtors that they never hear from the lender until the deal is ready to...

By Paul McFadden, Pest Control, Seattle, WA.
(Paratex)
Comments 2
I was thinking today about Pay Option ARM's and wondering if they made sense for you, the borrower.  I think I came to the conclusion that, most of the time, they really don't. The one exception might be if you're an investor who doesn't plan on holding your property that long or you're unsure ab...

By Paul McFadden, Pest Control, Seattle, WA.
(Paratex)
Comments 4
Hello all:  I had the question posed to me twice today by consumers such as yourself.  The question was are you going to survive?  I said yes and here's why.  Number one, Exact Financial Group is a mortgage broker and, therefore, has the ability to shop your loan to over 75 lenders in order to fi...

By Paul McFadden, Pest Control, Seattle, WA.
(Paratex)
Comments 10
Hello all:  In Washington State all loan originators were requred to be licensed as of the first of the year. We also have to pass a test by the end of the year in order to keep our license.  I think this is a good thing.  First and foremost, the conversations I had with the professionals I work ...

By Paul McFadden, Pest Control, Seattle, WA.
(Paratex)
Comments 4
Good morning! I wanted to share with you some great information about how you can choose the best lender for your situation.  Here goes.1) It's important to work with a professional who knows what they're doing.  They should be up-to-date on market conditions and ask the right questions in order ...

Renton, WA Real Estate Professionals