Lending, lending, lending...

Here's an interesting piece from the Seattle PI on how lenders are working hard to get financing approved for potential borrowers.

Enjoy.

Read the full article here.

Numbers you should know...

Here are the recent sales numbers for single-family homes in the city of Seattle. Only 26% of the available homes sold or went under contract in the month of October. A more balanced market would see that number grow to 50%. One encouraging number to notice is the decrease in available listings. This amount will hopefully continue to drop as buyers eat up the current inventory and sellers hold off on listing their homes during the holidays.

Click on the chart to see a larger view!

Residential Architecture Snapshot: The Tudor

With so many differing styles of residential architecture out there, I will periodically feature styles commonly seen in Seattle. Most styles are not native to this area. As people moved west, they brought their building knowledge and appetite for home styles from their hometowns.

The Tudor:

This architecture style was popular in the 1920s and 1930s and continues to be a mainstay in suburbs across the United States. The defining characteristics are half-timbering on bay windows and upper floors, and facades that are dominated by one or more steeply pitched cross gables. Patterned brick or stone walls are common, as are rounded doorways, multi-paned casement windows, small porches. Tudors are highly desired in the Seattle area, however their floor plans often prove to be impractical. The steep pitched rooves and relatively small footprint (in Seattle neighborhoods) don't allow for much room inside. But people fall in love with their curb appeal and usually fork out the money to live in them. Seattle tudors are often all brick and have a little bend near the bottom of the roofline.

Google releases Street View for Seattle!

This is a super cool feature new to Google Maps in the Seattle area. Google offered Street View for other cities and just added Seattle, D.C. and Baltimore to the list. As you look at a map, viewers have always been able to select from a street map, terrain map, satellite image or some combination of those. Now, when a map viewer clicks on "street view," an image box pops up that shows what it looks like to stand on the street in that particular location.

This is a very useful feature for home shoppers as they can see how certain properties look in a more realistic fashion than before. From what I've heard, Google sent vehicles around town with cameras attached and filming all the way. I haven't yet found a location that they didn't capture, which continues to amaze me. Have fun playing around with it.

Check it out!