Headlines 11.06.2012





Election Day 2012.  Be sure to vote!

King County house prices registered their biggest gain in more than six years in October, according to a new report.

The median price of a house that sold in October was $370,000, up 15.6 percent from a year earlier, the Northwest Multiple Listing Service reported Monday. That’s the biggest year-to-year jump since July 2006, although the median price is still down 23 percent from its peak in July 2007.

Seattle’s median house price was $419,950, up 10.5 percent from a year earlier but down 1.2 percent from September. Sales of houses and condos jumped 32.75 percent in Seattle and 33.5 percent countywide from a year earlier.

“Wow. Things are certainly going very very well for the county,” said Glenn Crellin, associate director of the Runstad Center for Real Estate Studies at the University of Washington.

Home prices post biggest jump in six years ~ Seattle PI

MLS Market Update 11.05.2012  ~  NWMLS

Mixed message in Seattle area’s latest home-price data ~ Seattle Times

GSEs reach short sale agreements with mortgage insurers  ~ Housing Wire

Damage to credit scores could trip up new Fannie, Freddie short-sale program ~ Inman

What to know about Mastro’s empire — how he built it, how it unraveled ~ PSBJ

Investor pleads guilty of bid rigging at foreclosure auctions (in San Francisco) ~ SM Daily Journal

US orders 90-day suspension of FHA foreclosures in disaster areas ~ Reuters