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Sam DeBord wrote:

Strong Mercer Island Waterfront Homes Sales In April Drive Big YTD Sales
Mercer Island waterfront homes are showing strong sales to start the year in 2011.  Waterfront real estate sales so far are up more than 60% as compared to the same period in 2010.  Thirteen waterfront homes have been sold, including an oustanding month of April in which 7 homes sold.There was a large rush in late 2010 for waterfront real estate in Mercer Island, and those big sales numbers led to slower sales in the beginning of 2011.  If the April numbers show us anything, though, the Mercer Island waterfront is about to start moving along briskly again for the summer selling season.Mercer Island Waterfront Homes Sold, April 2011Address City Price Beds Baths Sq Ft6226 E Mercer Wy Mercer Island $1,400,000  3 2 2,2004456 Ferncroft Rd Mercer Island $1,550,000  3 2.5 2,8404625 Forest Ave SE Mercer Island $2,025,000  3 2.75 2,7604056 E Mercer Wy Mercer Island $2,485,000  3 3.25 3,4506236 E Mercer Wy Mercer Island $3,850,000  6 5.5 6,6118030 SE 20th St Mercer Island $2,500,000 4 3 6,410
June 01 2011
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Is it ok to use two seperate real estate agents when searching for a home?

Answer
You should probably state your concern clearly in an email to your current agent.  It's very likely that she will get more "motivated" to continue showing you homes when she realizes you're considering working with another agent.  That's not an easy thing to do, but you'll feel much better than if you are trying to work with two agents at once.  The concern with working with two agents is that there could be a brokerage/agent disagreement later concerning who earned a commission.  You don't want to get tied up in that.(Edit:  wd, you just beat me to it by 30 seconds).
May 31 2011
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Seattle Home Prices Tick Up, Inventory Down, Multiple-Offer Sales Increase
While 18 of the 20 cities in the latest Case-Shiller Home Price Index showed flat prices or price drops last month, Seattle was one the of the two cities that actually showed a home price increase, albeit a very small one. Home prices in the Seattle market rose 0.1% from February to March of 2011. The real story is probably not that prices are rising, but that competition for scarce homes by buyers has risen significantly as of late.Inventory of homes for sale in our market are down 14% from one year ago, a significant decrease in available homes. With virtually no new construction available and less resale homes than last year, buyers are finding that the well-priced homes are garnering a lot of attention and a lot of offers. We still can't compare total sales to the rush of "home buyer tax credit" sales of last year, but the competition is definitely increasing.There are a lot of reasons for the lowered inventories, especially of homes in the first-time homebuyer range, but the overall effect is that we have a fairly disjointed market. Lower-priced homes are selling quickly when they are priced correctly. Luxury sales are still strong as compared to the past few years. The gap in the current market seems to be the middle-tier of move-up buyers, who are satisified to stay in their current homes at the moment.Nevertheless, our market seems to be stabilized in terms of pricing for the moment. Banks releasing a large inventory of foreclosed homes on the market would normally be seen as a negative for most metropolitan areas' prices, but Seattle could actually use a few more well-priced homes at the moment. Sales volumes would probably increase significantly, and until the current buyer pool is satisfied, prices would most likely remain stable, even with the higher level of distressed sales.
May 31 2011
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Kirkland Waterfront Homes - 3 Kirkland Waterfront Real Estate Sales
Three Kirkland waterfront homes sold recently on the north end of the city.  These Lake Washington waterfront homes ranged from Juanita Bay to Holmes Point.13117 Holmes Point Dr NE sold for $1.525 million in mid-April.  This is a shockingly large estate for the waterfront, with over 4 acres and 5 platted home sites.  The 108 feet of Lake Washington waterfront is worth the price alone.   It has an older brick Tudor home on the lot, which had been on the market for more than a year.8801 NE Juanita Dr sold for $1.72 million with a similarly-wide 107 feet of beach waterfront in Juanita Bay.  This home has a more modern structure, at 3 beds, 2.5 baths and over 2700 square feet.The third sale was at 7811 NE 112th St.  The $2.65 million sale includes a large newly-remodeled house and a guest cabana.  With a total of 5 beds and 5.25 baths, the home covers over 5000 sq ft, and the lot's nearly-29,000 square feet include 75 feet of waterfront.
May 26 2011
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What are QRMS? Qualifying Residential Mortgages--And They're Bad For The Real Estate Industry

Response
Purely private lending is an attractive idea.  It would take some time to create a market-based secondary market as opposed to Fannie, Freddie, and FHA scooping everything up. 
May 26 2011
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What are QRMS? Qualifying Residential Mortgages--And They're Bad For The Real Estate Industry

Response
And that will be fine for most, Shane, as long as FHA, Fannie, etc. are still available a couple of years down the road, but there are always threats to scale them back.  Any further restrictions on lending right now are only going to choke the market back further.
May 25 2011
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What are QRMS? Qualifying Residential Mortgages--And They're Bad For The Real Estate Industry
If you haven't read about the new QRM requirements being proposed by congress, I wrote a piece about it today on the Seattle P-I.  Basically, lenders will need to lend under large downpayment, low-risk guidelines set by the feds, or they'll have to maintain large assets to satisfy the risk-reserve requirements set for them.Seattle P-I QRMsThis well-intentioned plan is going to do more damage to small businesses and the real estate market than it could possibly help in terms of reducing risk.  I'm not opposed to requiring a substantial down payment on home purchases, but this plan will only force small lenders out of business and raise overall costs and barriers for banks and borrowers. 
May 25 2011
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Bellevue Waterfront Real Estate: 7 Recent Sales of Bellevue Waterfront Homes
Seven waterfront Bellevue homes have been sold in the past couple of months.  With prices ranging from $1 million to over $ 7 million, these homes span a wide variety of waterfront locales.Some of the better values in Bellevue waterfront real estate come in the Newport Shores neighborhood.  This area provides calm waters and moorage in the man-made canals that dissect the quiet neighborhood.  On the West shore of Lake Sammamish, there are also waterfront Bellevue homes that sometimes sell near the $1 million mark.  At the top end of the sales are the Lake Washington waterfront homes near downtown Bellevue and Meydenbauer Bay.Recent Bellevue waterfront real estate sales:Address City Price Beds Baths Sq Ft3237 106th Ave SE Bellevue $1,025,000 5 3.5 4,280856 W Lake Sammamish Pkwy NE Bellevue $1,072,000 3 1.75 2,4408 Skagit Key Bellevue $1,135,000 5 2.75 3,8203930 W Lake Sammamish Pkwy SE Bellevue $1,227,500 3 2.75 3,4201242 W Lake Sammamish Pkwy NE Bellevue $2,398,000 4 3.75 4,5604238 95th Ave NE Bellevue $2,625,985 4 3.25 5,2409627 Lake Washington Blvd NE Bellevue $7,030,000 5 6.5  
May 24 2011
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Seattle Waterfront Home Sales Increase, Median Prices Up
Sales of waterfront homes in Seattle and King County are still on the increase.  Year-to-date, we've seen 152 waterfront homes sold in King County in 2011, up from 146 waterfront sales during the same period last year.  The moderate increase this year is welcome news for the luxury real estate market, as well a major boost over previous years.  In 2009, only 75 waterfront homes had sold at this point in the year.Median prices were also up, with the median waterfront home sold in King County on the NWMLS at $690,000 in 2010, increasing to $750,000 in 2011.  Median prices are a tricky metric in the waterfront market, considering the shifting market segments of houseboats, floating homes, river homes, lakefront homes, Puget Sound waterfront, etc.  There's certainly a need for restraint reporting this statistic as evidence that waterfront values are increasing significantly, but any upward momentum in the market is always a good sign.  The more of the buying market that shifts its attention to higher-priced homes, the more these luxury and waterfront homes will stabilize in their values.
May 23 2011
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Did you know that the listing shows the Juvinile detention center as the High School? 2 funny

Answer
This question was from over a year ago, check the dates.
May 19 2011
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