Roosevelt

Found 3 blog entries about Roosevelt.

I'm sure you've heard that King County home prices are on the rise but how much, you say? This chart, courtesy of Seattle Times, shows exactly how high. 

In short, buyers have become more aggressive. Fearing higher interest rates, they are offering high prices with less terms in the face of a record low inventory of homes. For those buyers who come to us saying, "I don't want to get into a bidding war." In this market, that's like saying, "I want to play basketball and not bounce the ball." Good luck with that! 


The median price for single-family homes sold in King County has recovered the ground lost since the last peak in 2007. Source: Northwest Multiple Listing Service (Garland Potts / The Seattle Times)

602 Views, 0 Comments

I am happy to hear this news for our buyers who get detained in FICO credit jail - barred from buying because of this issue. This just in from David Haley of Mortgage Today:
 
Fair Isaac announced it is changing how credit scores are calculated. It will stop including any record of a consumer failing to pay a bill if it has been paid or settled with a collection agency, and adding less weight to unpaid medical bills that are in collection.

David goes on to explain...WHAT IS FICO?
- The FICO score is the most popular credit score model in the country. It's a statistical calculation based on the information in your credit profile.
- FICO reports several types of scores. Each is tailored for a different purpose, such as a credit card, personal, installment, auto

765 Views, 0 Comments