Gabriel Properties

As you may have noticed, seattlepi.com has maintained a real estate page, in addition to this blog.

No more.

From now on, all of our real estate coverage will be at the page: seattlepi.com/realestate/. We will continue to keep the blog up, but wont add new posts.

For those unfamiliar with the real estate page, its laid out just like our front page. Heres a snapshot:

Thanks for continuing to read our coverage.

Tags: Coverage, Estate Coverage, Real Estate, Real Estate Coverage

Greetings, Redfinnians!

We’re working on some new changes to our monthly Insider Reports that will bring together the expertise of our local agents with the unique market insights that we dig out of our vast array of real estate data every month.

In the mean time, rather than skipping out on August’s data entirely, here’s a “lite” version of our monthly report, including our Redfin Heat Index, the heat map, and the hottest / coldest neighborhoods.

First up is our national Redfin Heat Index* ranking table at right. As you can see, not much change for Seattle. With prices down eight percent balanced out by a slightly tight 4.2 months of supply, we’re still on the cool end of the scale, but not dramatically lower than most of the other cities Redfin serves.

Washington DC continues to be the hottest market in the nation, while Long Island is still pulling up the rear with falling prices and a dramatic 11.1 months of supply. Yikes!

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Tags: Insider Report, Market

MUMBAI: Borrowers wanting to prepay home loans can look forward to some relief as RBI today indicated that it would scrap prepayment penalties charged by banks. “It is proposed to implement the recommendations of the Damodaran Committee, on which a broad consensus has emerged, as also the action points which were identified by the IBA (Indian Banks’ Association) and BCSBI (Banking Codes and Standards Board of India) in the last Banking Ombudsmen conference,” RBI said in its mid-year credit policy review. The Banking Ombudsmen at their conference in September recommended abolition of pre-payment charges on home loans taken under floating rates by customers. Banks may also offer long-term fixed rate housing loans to customers, Ombudsmen had suggested. Read all post…

Tags: Home Loans, Rbi

MCLEAN, Va., — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average mortgage rates relatively unchanged for the week amid mixed economic and consumer sentiment reports. Adjustable mortgage rates were mixed while fixed mortgage rates held steady remaining near their 60-year lows.  

30-year fixed-rate mortgage (FRM) averaged 4.11 percent with an average 0.8 point for the week ending October 20, 2011, down from last week when it averaged 4.12 percent. Last year at this time, the 30-year FRM averaged 4.21 percent.  

15-year FRM this week averaged 3.38 percent with an average 0.8 point, up from last week when it averaged 3.37 percent. A year ago at this time, the 15-year FRM averaged 3.64 percent.  

5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.01 percent this week, with an average 0.6 point, down from last week when it also averaged 3.06 percent. A ye

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Tags: Mortgage Rates, Rates