Whatcom County Housing Data
Here is some interesting and helpful housing data:
According to the Washington Center for Real Estate Research 2008 Third Quarter Housing Analysis; Whatcom County home re-sales were down -6.0% from the previous quarter, and down -26.0% from the third quarter in 2007. Statewide home re-sales were down -5.1% from the previous quarter and down -26.0% from the third quarter in 2007. Overall building permits in Whatcom County are down -38.2% from the third quarter of the previous year, in comparison to the -42.5% reduction statewide. The median re-sale home price in Whatcom County is down to $275,000, below the statewide median of $281,500. The 2008 third quarter Housing Affordability Index (HAI) was 90.0 for Whatcom County, lower than the statewide index of 96.9.
See all WA county info: http://www.wcrer.wsu.edu/WSHM/2008Q3/Snapshot_q308.pdf
Showing posts with label Bellingham WA appraisal. Show all posts
Showing posts with label Bellingham WA appraisal. Show all posts
Thursday, November 20, 2008
Wednesday, May 28, 2008
First Quarter Snapshot: Statewide, Whatcom, Skagit, Snohomish, & Island Counties, WA
According to the WCRER (Washington Center for Real Estate Reaserch) First Quarter 2008 Housing Market Snapshot:
WA Statewide: Home re-sales are down (-) 3.6% from last quarter, and down (-) 29.7% from a year ago. Building permits are down (-) 46.7% from a year ago. The median re-sale price is down (-) 2.4% from a year ago.
Whatcom County: Home re-sales are down (-)6.5% from last quarter, and down (-) 12.8% from a year ago. Building permits are down (-) 57.8% from a year ago. The median re-sale price is down (-)3.4% from a year ago.
Skagit County: Home re-sales are down (-)12.3% from last quarter, and down (-) 32.5% from a year ago. Building permits are down (-) 28.9% from a year ago. The median re-sale price is up (+)10.1% from a year ago!
Snohomish County: Home re-sales are down (-) 5.1 % from last quarter, and down (-) 34.8% from a year ago. Building permits are down (-) 46.7% from a year ago. The median re-sale price is down (-) 4.7% from a year ago.
Island County: Home re-sales are up (+) 21.8% from last quarter, and down (-) 30.2% from a year ago. Building permits are down (-) 44.1% from a year ago. The median re-sale price is down (-)1.2% from a year ago.
For Full State of Washington and Counties PDF Info:
http://www.wcrer.wsu.edu/WSHM/2008Q1/Snapshot_08Q1.pdf
WA Statewide: Home re-sales are down (-) 3.6% from last quarter, and down (-) 29.7% from a year ago. Building permits are down (-) 46.7% from a year ago. The median re-sale price is down (-) 2.4% from a year ago.
Whatcom County: Home re-sales are down (-)6.5% from last quarter, and down (-) 12.8% from a year ago. Building permits are down (-) 57.8% from a year ago. The median re-sale price is down (-)3.4% from a year ago.
Skagit County: Home re-sales are down (-)12.3% from last quarter, and down (-) 32.5% from a year ago. Building permits are down (-) 28.9% from a year ago. The median re-sale price is up (+)10.1% from a year ago!
Snohomish County: Home re-sales are down (-) 5.1 % from last quarter, and down (-) 34.8% from a year ago. Building permits are down (-) 46.7% from a year ago. The median re-sale price is down (-) 4.7% from a year ago.
Island County: Home re-sales are up (+) 21.8% from last quarter, and down (-) 30.2% from a year ago. Building permits are down (-) 44.1% from a year ago. The median re-sale price is down (-)1.2% from a year ago.
For Full State of Washington and Counties PDF Info:
http://www.wcrer.wsu.edu/WSHM/2008Q1/Snapshot_08Q1.pdf
Thursday, March 27, 2008
Bellingham WA Drivers Beware, I-5 Construction April May 08'
According to WSDOT, drivers in Bellingham, WA can expect many delays on the I-5 corridor April/ May 2008
according to the published article approximately 80,000 drivers use I-5 every day through Bellingham.
The first weekend-long closure is scheduled for April 11 through April 14. I-5 will be reduced to one lane in each direction for three miles. Lanes will close at 10 p.m. Friday and reopen at 6 a.m. Monday.
For full article go to: http://www.wsdot.wa.gov/News/2008/03/27_i5constructiondrawsnear.htm
Bellingham drivers can check traffic conditions online @ http://www.wsdot.wa.gov/traffic/bellingham/
Bennett Appraisals Provides residential appraisal services to the following areas:Bellingham, Birch Bay, Blaine, Custer, Ferndale, Fairhaven, Geneva, Silver Beach, Sudden Valley, Sumas, Acme, Anacortes, Alger, Arlington, Bow, Burlington, Cain Lakes, Conway, Concrete, Darrington, Deming, Edison, Emerald Lakes, Edmonds, Everett, Everson, Glacier, Granite Falls, Hamilton, Kendall, Laurence, La Conner, Lake Stevens, Lynden, Lyman, Lynnwood, Maple Falls, Marblemount, Marysville, McMurray, Monroe, Mount Baker, Mount Vernon, Mulkilteo, Rockport, Samish Island, Sedro Woolley, Snohomish, Stanwood,Van Zandt, and all of Whatcom, Skagit & Snohomish Counties. * Time permitted we also serve Point Roberts, via the Canadian Border.
according to the published article approximately 80,000 drivers use I-5 every day through Bellingham.
The first weekend-long closure is scheduled for April 11 through April 14. I-5 will be reduced to one lane in each direction for three miles. Lanes will close at 10 p.m. Friday and reopen at 6 a.m. Monday.
For full article go to: http://www.wsdot.wa.gov/News/2008/03/27_i5constructiondrawsnear.htm
Bellingham drivers can check traffic conditions online @ http://www.wsdot.wa.gov/traffic/bellingham/
Bennett Appraisals Provides residential appraisal services to the following areas:Bellingham, Birch Bay, Blaine, Custer, Ferndale, Fairhaven, Geneva, Silver Beach, Sudden Valley, Sumas, Acme, Anacortes, Alger, Arlington, Bow, Burlington, Cain Lakes, Conway, Concrete, Darrington, Deming, Edison, Emerald Lakes, Edmonds, Everett, Everson, Glacier, Granite Falls, Hamilton, Kendall, Laurence, La Conner, Lake Stevens, Lynden, Lyman, Lynnwood, Maple Falls, Marblemount, Marysville, McMurray, Monroe, Mount Baker, Mount Vernon, Mulkilteo, Rockport, Samish Island, Sedro Woolley, Snohomish, Stanwood,Van Zandt, and all of Whatcom, Skagit & Snohomish Counties. * Time permitted we also serve Point Roberts, via the Canadian Border.
Thursday, January 24, 2008
Bennett Appraisals Adds New Certified Residential Appraiser To Staff
Bennett Appraisals Gets A New Certified Residential Appraiser (edit/delete)
Merrick passes Washington Certified Residential Appraiser exam
Chantale Merrick of Bennett Appraisals passed the Washington Certified Residential Real Estate Appraiser Exam. She had to complete over 2500 hours of on-site appraisal experience and 200 hours of appraisal education before she was permitted to take the rigorous examination. A state certified residential appraiser can appraise one to four residential unit properties without regard to value or complexity.
Merrick passes Washington Certified Residential Appraiser exam
Chantale Merrick of Bennett Appraisals passed the Washington Certified Residential Real Estate Appraiser Exam. She had to complete over 2500 hours of on-site appraisal experience and 200 hours of appraisal education before she was permitted to take the rigorous examination. A state certified residential appraiser can appraise one to four residential unit properties without regard to value or complexity.
Green Building & Valuation
There has been very little information and or training in the field of "Green Home" valuation and things are starting to change! In Vancouver BC this year an international conference was held on building sustainablity and its effect on valuation. While this pertains primarily to commercial buildings it would hard to imagine that this movement would not funnel down to all aspect of building including residential.
According to the Vancouver Valuation Accord's Website: "The Vancouver Valuation Accord is a response to the evolving importance of sustainability and the need for its implications to be understood in valuations and appraisals. It is a commitment to review sustainability and valuation, including education, standards and practices, with the aim of improving understanding of their relationship. The Accord will be developed and managed through this web site"
If you are interested in all of the aspects of Green Building check out:
http://www.vancouveraccord.org/about.html
Bennett Appraisals provides residential appraisal services to the following areas: Bellingham, Birch Bay, Blaine, Custer, Ferndale, Fairhaven, Geneva, Silver Beach, Sudden Valley, Sumas, Acme, Anacortes, Alger, Arlington, Bow, Burlington, Cain Lakes, Conway, Concrete, Darrington, Deming, Edison, Emerald Lakes, Edmonds, Everett, Everson, Glacier, Granite Falls, Hamilton, Kendall, Laurence, La Conner, Lake Stevens, Lynden, Lyman, Lynnwood, Maple Falls, Marblemount, Marysville, McMurray, Monroe, Mount Baker, Mount Vernon, Mulkilteo, Rockport, Samish Island, Sedro Woolley, Snohomish, Stanwood,Van Zandt, and all of Whatcom, Skagit & Snohomish Counties. * Time permitted we also serve Point Roberts
According to the Vancouver Valuation Accord's Website: "The Vancouver Valuation Accord is a response to the evolving importance of sustainability and the need for its implications to be understood in valuations and appraisals. It is a commitment to review sustainability and valuation, including education, standards and practices, with the aim of improving understanding of their relationship. The Accord will be developed and managed through this web site"
If you are interested in all of the aspects of Green Building check out:
http://www.vancouveraccord.org/about.html
Bennett Appraisals provides residential appraisal services to the following areas: Bellingham, Birch Bay, Blaine, Custer, Ferndale, Fairhaven, Geneva, Silver Beach, Sudden Valley, Sumas, Acme, Anacortes, Alger, Arlington, Bow, Burlington, Cain Lakes, Conway, Concrete, Darrington, Deming, Edison, Emerald Lakes, Edmonds, Everett, Everson, Glacier, Granite Falls, Hamilton, Kendall, Laurence, La Conner, Lake Stevens, Lynden, Lyman, Lynnwood, Maple Falls, Marblemount, Marysville, McMurray, Monroe, Mount Baker, Mount Vernon, Mulkilteo, Rockport, Samish Island, Sedro Woolley, Snohomish, Stanwood,Van Zandt, and all of Whatcom, Skagit & Snohomish Counties. * Time permitted we also serve Point Roberts
Saturday, June 16, 2007
What are (EEMs) Energy Efficient Mortgages?
In a time of escalating fuel and energy costs and an increase in energy efficient building practices, materials and appliances-- we wonder if this type of loan program may gain popularity? Here is some infomation we gathered on this interesting and rarely mentioned program:
What is an EEM?
When you are buying, selling, refinancing, or remodeling your home, you can increase your comfort and actually save money by using the Energy Efficient Mortgage (EEM). It is easy to use, federally recognized, and can be applied to most home mortgages. EEMs provide the borrower with special benefits when purchasing a home that is energy efficient, or can be made efficient through the installation of energy-saving improvements. EEMs make it easier for borrowers to qualify for loans to purchase/ refinance homes with specific energy-efficiency improvements.
Conventional EEMs
Conventional EEMs can be offered by lenders who sell their loans to Fannie Mae and Freddie Mac. Conventional EEMs increase the purchasing power of buying an energy efficient home by allowing the lender to increase the borrower's income by a dollar amount equal to the estimated energy savings. The Fannie Mae loan also adjusts the value of the home to reflect the value of the energy efficiency measures.
FHA EEMs
FHA EEMs allow lenders to add 100 percent of the additional cost of cost-effective energy efficiency improvements to an already approved mortgage loan (as long as the additional costs do not exceed $4000 or 5 percent of the value of the home, up to a maximum of $8000, whichever is greater). No additional down payment is required, and the FHA loan limits won't interfere with the process of obtaining the EEM.
VA EEMs
The Veteran's Administration (VA) EEM is available to qualified military personnel, reservists and veterans for energy improvements when purchasing an existing primary home. The VA EEM caps energy improvements at $3,000-$6,000.
HERS, or Home Energy Rating Systems
A HERS report is similar to a miles-per-gallon rating on a car. HERS are program s which provide evaluations of individual primary homes energy-efficiency. A HERS report is prepared by a trained Energy Rater. Factors such as insulation, appliance efficiencies, window types, local climate, and utility rates are used to rate the home and calculate energy costs
To learn more about EEMs contact:
US Dept of Energy: http://www.energystar.gov/index.cfm?c=bldrs_lenders_raters.energy_efficient_mortgage
Fannie Mae: http://www.fanniemae.com/index.jhtml
Freddie Mac: http://www.freddiemac.com/
HUD: http://www.hud.gov/offices/hsg/sfh/eem/eemhome.cfm
Additional information about writing energy-efficient mortgages can be found on the Web sites:
U.S. Department of Housing and Urban Development (HUD) and the Residential Energy Services Network (Resnet)
For all of your FHA insured and Conventional Mortgage Appraisals contact:
Bennett Appraisals http://www.bennett4appraisals.com/
Disclaimer **All information deemed to be accurate but not guaranteed.
Disclaimer** Bennett Appraisals does not endorse any loan programs, we just appraise residential properties in Whatcom, Skagit and Snohomish Counties WA.
What is an EEM?
When you are buying, selling, refinancing, or remodeling your home, you can increase your comfort and actually save money by using the Energy Efficient Mortgage (EEM). It is easy to use, federally recognized, and can be applied to most home mortgages. EEMs provide the borrower with special benefits when purchasing a home that is energy efficient, or can be made efficient through the installation of energy-saving improvements. EEMs make it easier for borrowers to qualify for loans to purchase/ refinance homes with specific energy-efficiency improvements.
Conventional EEMs
Conventional EEMs can be offered by lenders who sell their loans to Fannie Mae and Freddie Mac. Conventional EEMs increase the purchasing power of buying an energy efficient home by allowing the lender to increase the borrower's income by a dollar amount equal to the estimated energy savings. The Fannie Mae loan also adjusts the value of the home to reflect the value of the energy efficiency measures.
FHA EEMs
FHA EEMs allow lenders to add 100 percent of the additional cost of cost-effective energy efficiency improvements to an already approved mortgage loan (as long as the additional costs do not exceed $4000 or 5 percent of the value of the home, up to a maximum of $8000, whichever is greater). No additional down payment is required, and the FHA loan limits won't interfere with the process of obtaining the EEM.
VA EEMs
The Veteran's Administration (VA) EEM is available to qualified military personnel, reservists and veterans for energy improvements when purchasing an existing primary home. The VA EEM caps energy improvements at $3,000-$6,000.
HERS, or Home Energy Rating Systems
A HERS report is similar to a miles-per-gallon rating on a car. HERS are program s which provide evaluations of individual primary homes energy-efficiency. A HERS report is prepared by a trained Energy Rater. Factors such as insulation, appliance efficiencies, window types, local climate, and utility rates are used to rate the home and calculate energy costs
To learn more about EEMs contact:
US Dept of Energy: http://www.energystar.gov/index.cfm?c=bldrs_lenders_raters.energy_efficient_mortgage
Fannie Mae: http://www.fanniemae.com/index.jhtml
Freddie Mac: http://www.freddiemac.com/
HUD: http://www.hud.gov/offices/hsg/sfh/eem/eemhome.cfm
Additional information about writing energy-efficient mortgages can be found on the Web sites:
U.S. Department of Housing and Urban Development (HUD) and the Residential Energy Services Network (Resnet)
For all of your FHA insured and Conventional Mortgage Appraisals contact:
Bennett Appraisals http://www.bennett4appraisals.com/
Disclaimer **All information deemed to be accurate but not guaranteed.
Disclaimer** Bennett Appraisals does not endorse any loan programs, we just appraise residential properties in Whatcom, Skagit and Snohomish Counties WA.
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