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September 2012 Real Estate Update

September 11th, 2012

               MARKET PERSPECTIVE The media are calling our present real estate market a perfect storm: shrinking inventories, historically low interest rates and, in 18-22 metropolitan markets, an increase in home prices.  Consumer confidence is up across the board and many are feeling optimistic about the market. August marked the third consecutive month where the number of closings topped figures not seen since September, 2007.  Pending Sales increased in the volume of mutually accepted offers. While all this news is very positive, we must pay attention


January 2011 Real Estate Update

January 13th, 2011

Happy New Year to All I hope that 2011 is a healthy and prosperous one. I can honestly say that 2010 proved to be a very educational year for me and many of my colleagues involved in real estate. It never fails to amaze me that just when you think you have the banks, financing, short sales, foreclosures or the market figured out,  something changes. We all  have persevered through the largest financial crisis in history. We are left wiser and  with a sense of


October 2010 Real Estate Update

October 21st, 2010
Gig Harbor Tacoma Foreclosure Report

  Why A Moratorium on Foreclosures? Just when you think things are settling down and the market is improving, a new waive of recession related consequences come to light. The summer of 2010 saw fair market activity, in fact, sales rose over 23% in the Pacific Northwest and specifically in South Puget Sound. Inventories declined, interest rates are at historic lows and buyers are eager to take advantage of lower home prices. However, we are now looking at unchartered territories, again. Last week, GMAC, was


March 2010 Real Estate Update

August 10th, 2010
Spring Photo

Easier Money, Steadier Sales When Kenneth Lowman worked with a buyer on a multimillion dollar home purchase in Las Vegas in December 09, the transaction took an unusual turn: It closed, and quickly. Image via Wikipedia The buyer was able to get jumbo financing in just 22 days-a far cry from six months earlier, when getting such a big loan, even for a highly creditworthy buyer, would have taken months and still might not have closed. “The jumbo market is opening up, says NAR Chief

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Contact Barb Magnuson

Magnuson Residential & Commercial Properties
Keller Williams Realty - West Sound
11515 Burnham Drive NW, Gig Harbor, WA 98332
(253) 307-4505
(253) 857-8700

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