Seattle Real Estate Agent

At the very least, it might be time for the industry to accept that there is not going to be any sort of quick spike in sales, a dramatic turnaround as a real estate agent Seattle. The unfortunate news is that pending sales actually fell over twenty percent in the month of June from the same month last year. But there was no way to sound upbeat about sales numbers which NAR meekly described as "relatively elevated."

While that number still needs to go down for the market to look "normal," a steady stream of distressed properties into the market is better than a thundering wave.

In a world of diminished expectations, there were actually a few interesting nuggets in NAR's report:

* Interest rates remain at rock bottom.
Sure, no one is actually lending money. The decent news is this, that home buyers closed on nearly 2,000 homes in the Seattle Real Estate Agent market for June based on the NWMLS figures. This equates to the largest home sales in Seattle in almost three years and a double digit increase in sales over the same period of time last year. For example, IHS Global Insight focused on the unusually large number of first time buyers in June--43 percent of sales. today announced second quarter 2010 net earnings available to common shareholders of $3.4 million, or $0.03 per diluted common share, compared to a net loss available to common shareholders of $107.5 million, or $1.79 per diluted common share, for the same period in the prior year. Operating income, defined as earnings available to common shareholders before gains or losses on junior subordinated debentures carried at fair value, net of tax, bargain purchase gains on acquisitions, net of tax, merger related expenses, net of tax, and goodwill impairment, was $4.7 million, or $0.04 per diluted common share for the second quarter of 2010, compared to an operating loss of $0.7 million, or $0.01 per diluted common share, for the same period in the prior year. And on another good note as Real Estate Agent Seattle, Wall Street Reported Umpqua Holdings Corporation a local NW company based in Portland OR parent company of Umpqua Bank and Umpqua Investments, Inc. It is the prism of diminished expectations, which helps any real estate market analysis these days. But that will change and sooner or later even people with solid credit scores won't be able to resist if interest rates stay below 5 percent.


Even the relentlessly upbeat National Association of Realtors (NAR) couldn't put a happy face on this past week's housing report, which showed a larger than expected 5 percent drop in existing home sales from May to June. For more information on your local market visit real estate agent Seattle.
First-time buyer activity is almost certainly going to decline in the next few months, suggesting "a big drop in sales lies up ahead," IHS Global Insight's Patrick Newport said.

Real Estate Agent Seattle

A drop was expected, with tax credits expiring and the economy continuing to wallow. So was this is small dip in an otherwise gaining market? Only time will tell but many real estate agents, investors and other financial analyst attributed the trend to primarily the expiration of the federal tax credit for first time home buyers. Operating income or loss is considered a "non-GAAP" financial measure.

In fact, they were essentially flat from a year earlier.