02
Edmonds Insight of the Day
“One half of life is luck; the other half is discipline – and that’s the important half, for without discipline you wouldn’t know what to do with luck.”
Carl Zuckmeyer
1896-1977, Writer and Playwright
Archive for the ‘Washington State’ Category
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Mar
02
02
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Mar
02
02
Real Estate Prices back to 2005?
According to the Seattle PI we are living back in 2005 when it comes to our housing prices. The Standard & Poor’s S&P/Case Shiller Price Indices reports. The value in King, Pierce and Snohomish counties in December 2008 decreased 3.6 percent from November, 13.4 percent from a year earlier and 16.7 percent from the all-time peak in July 2007.
It was the 11th consecutive record annual decline and second consecutive record monthly drop for the Seattle index, which goes back to the start of 1990. Meanwhile, the Federal Housing Finance Agency reported the value of a typical house in King and Snohomish counties down just 5 percent in the fourth quarter from an all-time high in the fourth quarter of 2007 and 1.6 percent from the third quarter. Pierce County’s typical value was down 5.1 percent from a year earlier and 0.8 percent from the third quarter, the agency said.
Area House Prices
The biggest difference between the two reports is that the Federal Housing Finance Agency only looks at loans through mortgage giants Fannie Mae and Freddie Mac. It excludes “jumbo” mortgages larger than government-imposed caps or subprime and Alt-A mortgages that do not comply with Fannie and Freddie standards, said Glenn Crellin, director of the Washington Center for Real Estate Research at Washington State University.
Both reports gauge market movement by tracking repeat transactions of specific houses, rather than depending on what happens to sell in any given month. S&P looks only at sales, while the Federal Housing Finance Agency also includes appraisals for refinances. S&P’s numbers fit better with the latest report from the Northwest Multiple Listing Service, which showed the median price of a King County house that sold in January was $382,500, down 12.1 percent from a year earlier and 5.2 percent from December.
The S&P report put Seattle ninth out of 20 areas it tracks for annual decline and 16th for monthly drop. Values were down in all 20 areas.
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Mar
01
01
Our Real Estate Listings
First of all I would like to say what I’ve been saying since last year, “THIS IS THE BEST BUYERS MARKET YET” If you have the means to purchase property you should be doing so with the idea your buying to hold, not to flip. Rentals, investment properties, forclosures, and short-sales there all out there for the taking. You just have to put a little skin in the game folks there are loans out there and great interest rates if you need some help finding them give me a call, really. We conduct distressed property tours monthly and will show you where the hot properties are located. I will feature different real estate listings weekly these are our current listings have a great week.
Loft Condo $275,000
Cedar Park Condo 1Br 1Ba $169,000
Burien Rambler 2 Br 1Ba
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Feb
26
26
“Edmonds Citizen of the Year”
Peggy Pitchard Olsen
Today the city of Edmonds honored their Citizen of the Year,Peggy Pitchard Olsen the event was held at the Edmonds Yacht Club. Even before her election to Edmonds City Council in 2003, Peggy served the community in countless ways through the Soroptimists and Friends Of The Edmonds Library and numerous other affiliations. City Council was simply a continuation. And when she ran for a second term, she was unassailable. She ran unopposed – the ultimate affirmation for any candidate. That election took place in November 2007. A few months later, Peggy underwent a routine medical check. It was on her 58th birthday. The diagnosis was stunning. She had Amyotrophic Lateral Sclerosis (ALS), known to all as Lou Gehrigs disease.
Family and friends were stricken. Tears were in plentiful supply. But Peggy Pritchard Olson went about setting her priorities. First off, she scheduled a press conference in the mayor’s office. She wanted to clarify something. “When my speech begins to slur,” she told those present, “I don’t want you thinking I’m hitting the bottle.” With a chuckle. Rueful smiles all-roundWould she resign from council? No chance of that, she said – “not while I can still manage to talk.” More rueful smiles. One thing she didn’t say was this: “Why me?” Instead she said, “It could be worse. I could have been hit by a bus. Some of you may or my not know that Peggy was the daughter of Joel Pritchard, who served in the Washington State Legislature (1959-67) and as Washington’s 1st District representative in Congress (1973-85) and finally as Washington’s Lieutenant Governor (1989-97). All of Edmonds wants to congratulate and wish you the best Peggy they don’t make’m like you any more.
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Feb
03
03
SBA Economic Injury disaster declaration for Washington.
Downtown Edmonds Wa, Remember
Heads up people that nasty winter weather we experienced in December has a silver lining. From the desk of Mark Randel SBA disaster assistance program.
SBA Disaster Declaration 11640 (loans for working capital)
What: Economic Injury Disaster Declaration for snowstorms in Washington that occurred from December 12, 2008 through January 5, 2009
Who: Small businesses and most private, non-profit organizations economically impacted by the snowstorms
Where: All counties in Washington and neighboring counties in Idaho and Oregon
Loans for Businesses only, to help meet working capital needs caused by the disaster regardless of whether the business suffered any property damage
Application deadline October 30, 2009
For more information business owners may contact SBA’s Customer Service Center by calling (800) 659-2955, emailing SBA at disastercustomerservice@sba.gov or visiting SBA’s Web site at www.sba.gov/services/disasterassistance Hearing impaired individuals may call (800) 877‑8339
The attachments and information above are for public distribution; you may distribute them as applicable.
Please direct all disaster victim inquiries as indicated above
If you have any questions or need any additional information please email or call me at (916) 704-8024
Mark W. Randle
Communication Specialist
U. S. Small Business Administration
Office of Disaster Assistance
Field Operations Center – West
P.O. Box 419004
Sacramento, CA 95841-9004
(916) 735-1500
cell (916) 704-8024
fax (916) 735-1681
email address mark.randle@sba.gov
