Headlines 08.07.2012

Seattle home prices rose 2.6 percent from April to May, in line with a national trend that lifted prices in all 20 metropolitan areas tracked by the closely watched Standard & Poor’s/Case-Shiller home-price index.

It was the second monthly increase for Seattle-area home prices after seven straight months of decline, putting local prices just 0.6 percent higher than they were a year ago.

The local increase exceeded the average rise of 2.2 percent across the 20 metro areas. In the previous period, from March to April, Seattle prices rose 2.0 percent, according to Case-Shiller.

Seattle home prices up 2.6% in May; second monthly rise in row ~ Seattle Times

Summer’s Sizzling Real Estate Markets: Where Are They? ~ Forbes

July 2012 Housing Market Update ~ Gardner Economics

King County house prices up from 2011, down from June ~ Seattle PI

No sign yet of mortgage rules loosening ~ Seattle Times

State seizes Tukwila escrow company, citing ‘suspicious transactions’ ~ Puget Sound Business Journal

Gov’t bars Fannie-Freddie from reducing principal ~ Seattle Times

Bill McMachen of Michigan Buys Hundreds of Foreclosed Properties, Dirt Cheap ~ AOL