David's Blog

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Real Estate Agent - Edwards Real Estate Group, Inc.
RECENT BLOG POSTS
The supply of homes measured in months on the market, if sales continue at their current pace, inched up during April compared to March. Inventory levels remained 26% below the peak of 12.5 months in July and only 11% above April of 2010 when the tax credit was in full swing. Source: Latest Data ...
07/21/2011
Rates have reached a new record low after steadily declining throughout May primarily due to uncertainty in the global and domestic economies. Rates are still expected to follow an upward trend as the year progresses. As overall economic activity gets back on track, rates will likely rise to keep...
07/21/2011
The relationship between mortgage rates, home prices, and family income is the most favorable on record for buying. The home price-to-income ratio continues to remain well below the historical standard. Stabilizing home prices and rising interest rates are expected to reverse the recent affordabi...
07/21/2011
KIRKLAND, WA, July 6, 2011. Continuing the double-digit gain in home sales during May, last month's pending sales surpassed the volume for June 2010 by nearly 36 percent. Northwest Multiple Listing Service members reported 7,539 mutually accepted offers last month, up nearly 2,000 transactions fr...
07/12/2011
  15325 SE 155th Place #Z1, Renton 98058-6314 Closing Date: 06/20/2011Listing Price: $139,000Sold Price: $133,000Bedrooms: 3Bathrooms: 2.5Year Built: 2004Square Feet: 1603Lot Size: 0 Square FeetMLS: 170863 This townhome has been stripped to the studs. It's located in a nice area. There is great p...
06/21/2011
Housing affordability is the percentage of a median family’s income required to make mortgage payments on a median-priced home. Housing affordability continued at record levels in March. The relationship between mortgage rates, home prices, and family income is the most favorable on record for bu...
06/21/2011
After rising above 5% for the first time in ten months in early February, rates have remained stable in the 4.8% range. They are still expected to follow an upward trend throughout the year. As overall economic recovery remains on track, rates will likely rise to keep inflation in check. Buyers w...
06/20/2011
Supply of Homes is 33% Below Peak of 12.5 Months Last July The national supply of homes measured in months on the market, if sales continue at their current pace, remained stable compared to the previous month. This is the third-lowest level since June. Inventory levels remain 33% below its peak ...
06/16/2011
Home prices rebounded 2.2% in March with the national median home price rising to $159,600. This is 5.9% below the year-ago level and keeps the median price close to 2002 levels. Continuing February's trend, two out of every five homes sold during March, or 40% of sales, were distressed propertie...
06/15/2011
Homes Sales Up 3.7% in March Home sales were up 3.7% in March compared to the previous month but were down 6.3% compared to the same time last year when the impact of the tax credit was nearing its peak. Gradual but uneven improvement is expected to continue. In fact, home sales have increased si...
06/14/2011
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David Edwards

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