Seattle Condo Blog and Community Information

Seattle condo buyers don’t get too excited yet, because even though the fed cut the rates it does not mean the mortgage rates will go down the same amount to buy that Seattle condo.  Investors don’t want to get locked into long term investments with low interest rates if we have high inflation. Despite a reduction of 2.25 points since September in interest rates we have seen little fluctuation in l Continue Reading »

There is a free downtown condo tour so potential buyers can see the latest new developments and conversions that are or will be available in the Seattle Condo market.  They are also providing participants with a complementary shuttle service to take you from one sales center to the next.

Buyers should put their realtors name on the sign-in forms, so they can be represented and have a realtor of their choosing to represent them.  Many projects have restrictions on your realtor representing you if you did not include their name on the first visit and registering is a way for them to monitor this. 

The Seattle Condo tour provided me with this press release:

Fisher Communications is proud to announce that the Seattle Condo Tour is back and Continue Reading »

Spring is approaching for Seattle condo buyers and its seems as though more first time buyers are starting to search for Seattle condos.  Tracking how many buyers are requesting showing appointments is a good metric to see which way the Seattle market is heading.  In my opinion buyers who were waiting for long term interest rates to come down drastically don’t see this happening and realize we have some of the lowest rates since 1983.  With the dollar declining versus other currencies you have to ask yourself Continue Reading »

 

During a Cosmopolitan condo yearly board meeting the topic of setting a limit on the amount of owners who may rent out there unit at any giving time surfaced.  This was suggested so the building could stay within conforming loan guidelines and make the property more marketable.   Many times developers indicate they limit the amount of buyers who can purchase an unit for investment purposes.  This might only prevent the buyer from renting their unit for one year because of loan guidelines.  One thing to consider Continue Reading »

The Department of Housing and Urban Development released loan limits for the Seattle and surrounding areas today.  That makes the new FHA, Fannie Mae and Freddie Mac loan limit $567,500 (125% of the median home price). This is part of the economic stimulus package signed by President Bush earlier at the end of Feb this year. The bill currently increases the home loan limits and ends December of 2008.

 The loan limit for other dwellings in the areea are as follows: Continue Reading »

The owners on the West and South side of the Cosmopolitan condominium in the South Lake Union Area between Virginia and Eight St. are very upset about modified height limits for buildings built to the west and south of the building.  This issue is being highlighted tonight Monday, March 3 on a special report on Kiro 7 News at 6:00 pm .

Read more on this topic in the SeattlePI online

Some buider in the Seattle condo community are doing reverse condo conversions