Economists from the National Business of Economics predict that the next recession will be here as early as the last quarter of 2019. Many economists, including, the Wall Street Journal believe the recession will begin in 2020. Only, this time, it won't be driven by our housing market like the Great Recession. "During the housing boom, investment in mortgage-backed securities led to high demand for sub-prime mortgage assets across the country, and many markets became overheated. When interest rates rose, monthly payments increased on adjustable rate mortgages, leaving many borrowers unable to pay their mortgages," according to Sam Khater, Deputy Chief Economist at Corelogic. When we go in

As an industry, the real estate professionals of King County, Washington have been experiencing a shift in the dynamic. Why aren't the houses selling? We've noticed in the outlying cities first - and rather quickly - this change has creeped into the hotter markets. WHAT HAVE WE BEEN SEEING? Increase in properties going past their offer review date Typical industry standard is to put a review date for the seller to review contracts a week after the listing goes live. Price reductions Not a day goes by that I see a marketing email from a listing agent that talks about REDUCTION in Price on their listing Increase in reverse prospecting (a tool that allows the listing broker to view a list of

Home Owners Association (HOA) Basics - The Documents. Every single HOA is unique because each set of documents is written particular to a builder/developer's project. The documents that are recorded "run with the land" and are submitted at the same time as the subdivsion map. Typical Association Documents are: 1. Articles of Incorportion - This documents names the HOA and it is typically formulated as a non-profit 501(c)3. This is a recorded document. 2. By-Laws - This document sets up how the HOA will be governed, the Board of Directors, the meeting frequency and how the voting of the membership will work. This is a recorded document. 3. Covenants, Conditions and Restrictions (CCRs) - Thi