Joshua Koffler's Real Estate Blog - Reports

Weekly Mortgage Update

nospam@example.com (Joshua Koffler) — Tue, 10 Apr 2007 16:27:36 -0700

The unemployment rate has come in along with the average hourly earnings and this affected home loan rates this week. See how in this weeks mortgage update.

Weekly Mortgage Update.

February Real Estate Update for Snohomish County

nospam@example.com (Joshua Koffler) — Thu, 01 Mar 2007 08:15:05 -0800

Snohomish County Stat Comparison	February	January	December	November
Residential Home Sales	595	501	729	720
Residential Homes Pending Sale	1,349*	1,205	1,134	1,408
Active Residential Listings	3,112	3,112	2,817	3,425

* 846 went pending in the month of February

The real estate market is starting to pick up. The next three months are historically the most robust in real estate. We are coming off a pretty slow January but seem to have turned a corner in February. We are seeing a more level playing field between buyers and sellers – it’s no longer a solid seller’s market as before. Some areas are even anticipating a true buyer’s market due to the excess in inventory. With interest rates staying low and the local economy going strong, it’s still a great time to buy or sell a home.

Interest rates remain around 6.25% for a 30-year fixed with no points.

January Real Estate Update for Snohomish County

nospam@example.com (Joshua Koffler) — Thu, 01 Feb 2007 09:03:52 -0800

Snohomish County Stat Comparison	January	December	November	October
Residential Home Sales	501	729	720	836
Residential Homes Pending Sale	1,205*	1,134	1,408	1,589
Active Residential Listings	3,112	2,817	3,425	3,525

*501 went pending in January

The first month of 2007 is behind us. In the real estate market we started to see an increase in activity from buyer traffic and new listings, and the activity in my office has picked up. We are approaching the busiest months in real estate, and I expect the real estate market to be strong for both buyers and sellers. Currently we have a saturation rate of 2.5 months worth of inventory, and we are getting closer to an even playing field when it comes to a buyer’s or seller’s market.

Interest rates remain around 6.25% for a 30-year fixed with no points.

December Real Estate Update for Snohomish County

nospam@example.com (Joshua Koffler) — Tue, 02 Jan 2007 15:26:08 -0800

Snohomish County Stat Comparison	December	November	October	September
Residential Home Sales	729	720	836	907
Residential Homes Pending Sale	1,134*	1,408	1,589	1,670
Active Residential Listings	2,817	3,425	3,525	3,546

*455 went pending in the month of December

December is the last month in the calendar year, but it did not end up as the worst month in real estate. Even with the weather, power outages, and holidays, December ended the year strong. There was a considerable drop in “active” listings, but this typically occurs around the holidays as many sellers take their homes off the market to re-list again in January. I would expect a surge of listings to come to the market in early January.

Interest rates remain for a 30-year fixed with no points is around or below 6.00%.

Weekly mortgage update

nospam@example.com (Joshua Koffler) — Tue, 19 Dec 2006 07:30:42 -0800

The retail sales numbers came in strong! Take a look how that will affect interest rates.

Weekly mortgage update for Dec. 18th, 2006.

Weekly Mortgage Update

nospam@example.com (Joshua Koffler) — Mon, 20 Nov 2006 11:34:58 -0800

The forecast for this week will have little to no change with the Holiday weekend but take a look at the come back of the two dollar bill!

Weekly mortgage update for the Thanksgiving week of 2006.

Weekly mortgage update

nospam@example.com (Joshua Koffler) — Mon, 13 Nov 2006 14:10:16 -0800

Not much happened this week but take a look at this weeks mortgage update for November 13, 2006.

Weekly mortgage update for November 13, 2006.

Weekly Mortgage update

nospam@example.com (Joshua Koffler) — Mon, 30 Oct 2006 10:33:11 -0800

Will there be a rate hike in the near future? Take a look at this weeks weekly mortgage update for the answer.

Weekly Mortgage update for October 30,2006.

Weekly mortgage update

nospam@example.com (Joshua Koffler) — Thu, 26 Oct 2006 11:38:07 -0700

Here is this weeks weekly mortgage update.

Mortgage update for October 26, 2006

Weekly mortgage update

nospam@example.com (Joshua Koffler) — Tue, 17 Oct 2006 08:01:58 -0700

Here is snap shot of this weeks weekly mortgage update.

Mortgage update for the week of October 16th, 2006.

Weekly mortgage update

nospam@example.com (Joshua Koffler) — Tue, 10 Oct 2006 15:46:22 -0700

Here is the forecast for interest rates for the week of October 9th, 2006

Weekly mortgage update

Weekly Mortgage update

nospam@example.com (Joshua Koffler) — Tue, 03 Oct 2006 07:47:04 -0700

Here is this weeks weekly mortgage outlook!

October 3rd, 2006 mortgage update.

September Real Estate Market Update for Snohomish County

nospam@example.com (Joshua Koffler) — Mon, 02 Oct 2006 14:32:19 -0700

Snohomish County Statistics Comparison	September	August	July	June
Residential Home Sales	907	1,026	934	1,200
Residential Home Pending Sales	1,670*	1,780	2,024	2,084
Active Residential Listings	3,546	3,218	3,095	2,888

*769 went pending in the month of August

Yes, the market has “softened”. The market times have increased, inventory is rising, and prices of active listings have been dropping. What does all this mean? We are starting to experience a more “normal” market in Snohomish County. The real estate boom has lasted for well over ten years with great appreciation, and for the market to stay healthy, it is self-correcting. Typically the next few months are slower, so let’s see how we do. I will keep you informed! The saturation rate is now above 2 months of inventory.

Current interest rate for a 30-year fixed with no points is around or below 6.25%.

Weekly mortgage update

nospam@example.com (Joshua Koffler) — Sat, 30 Sep 2006 13:39:26 -0700

Another sneek peek into this weeks mortgage activity.

Weekly mortgage update

nospam@example.com (Joshua Koffler) — Sat, 30 Sep 2006 13:37:24 -0700

Take a look at this weeks forecast.

Weekly mortgage update