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Kitsap Real Estate Market Report - April 2011
Posted on 2011 04 14 by Admin
You are invited to keep up with the latest market information and statistics for Kitsap County Real Estate. Our April Kitsap Real Estate Market Report has just been posted at http://www.prowserealestate.com/Newsletter Below is a portion of this month’s report. Our national and state governments have enacted legislation and stepped up regulation of the foreclosure process. Washington has the 14th highest foreclosure rate nationally. RealtyTrac reports that Washington foreclosures have increased 64% in the past year. Now the Washington legislature has passed the Foreclosure Fairness Act to provide foreclosure mediation in some circumstances.
Kitsap Real Estate Market Report - March 2011
Posted on 2011 03 12 by Admin
Below is a segment of our March Newsletter at Prowserealestate.com
US unemployment finally appears to be starting to improve, the unemployment rate dropping last week to 8.9%. A projection by the Congressional Budget Office (below) shows an expected gradual improvement of about 1% per year over the next 5 years. Many aspects of our economy are improving, as evidenced by improvements in truck tonnage, rail shipments, industrial production, personal consumption expenditures, and GDP measurements. See rest of newsletter.
30 Year Fixed Rate Mortgage Rates now above 5%
Posted on 2010 12 16 by Admin
The overnight rate for 30 year mortgages has risen above 5%, currently showing as 5.19% for the overnight national average at bankrate.com. The Economist posted a forum in this week’s magazine with quotes from several experts about why government bond rates are rising all over the world. The expectation for passage of the tax rate compromise, the effect of the additional debt as a result of that compromise, and the expectation that the world is moving closer to a sovereign default, particularly in Europe, were all mentioned as factors by the experts.