Category Archives: Market Info

Bank-owned homes are a reality in every neighborhood in Bellingham and beyond. These are homes where the owner defaulted on the loan, either didn’t try to short sale or for any number of reasons wasn’t successful in the attempt, so … Continue reading →

In the past 6 months, dating back from this post on February 22nd, there have been 27 short sales of detached single family residences that have closed in Bellingham. That’s less than 10% of the market, as there have been … Continue reading →

NW Way of Lifer Alex Z. wrote in to suggest a blog about the historical low, low, low interest rates. Thanks for the tip, Alex. Here we go, then…. Mortgage rates last week hit the lowest level we’ve seen since the … Continue reading →

When Heather and I first moved to Bellingham in August of 2003, you could still find the occasional sweet deal of a house in Bellingham for under $100K. By 2004, as the bubble-to-be started ramping up, those below a C-note … Continue reading →

Everything’s for sale. Every home you pass on your way to work can be bought, for a price, whether it’s listed or not. But that doesn’t mean every seller will actually work with you to achieve a sale… even when … Continue reading →

How do REOs affect the overall real estate market? Well, more and more, in my experience, they can steal the thunder from non-distressed, “regular” listings by either coming on the market markedly below market value, or if they’re not selling … Continue reading →

A couple weeks ago I was in San Francisco visiting family, and I picked up a copy of the San Francisco Chronicle. Inside was an interesting insert called, simply, “Real Estate”. On the 3rd page was a column that explores … Continue reading →