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Former MyNorthwest.com Content Contributor

Tom Kelly

Tom Kelly was formerly a Content Contributor to MyNorthwest.com.

Tacoma’s U.S. Open: Tax-free cash for owners willing to rent

According to the Internal Revenue Service, an owner can derive tax-free income from renting a property, provided the owner rents it out for 15 days or fewer.

10 years ago

Do real estate agents ever turn down a listing?

Recently, a longtime acquaintance and agent reduced the price of a waterfront second home by $500,000.

10 years ago

New reverse mortgage ‘review’ timeline pushed back

The new prerequisite is a first for reverse mortgages, which had carried no financial qualification requirement since the loans were first offered in 1989.

10 years ago

Referral power: Survey reveals lack of shopping for mortgages

Researchers found that higher-income and younger-aged borrowers were the most likely to gather multiple quotes when shopping for a mortgage.

10 years ago

Real estate will ride three-year wave, new survey predicts

Economists predict that existing home prices will rise through 2017-rising rising 5 percent this year, another 4 percent in 2016, and by 4 percent in 2017.

10 years ago

New to the neighborhood? Test noise at different times

Your dream home could be in a flight path or on an ambulance or fire truck route.

10 years ago

Interest rate hike for June still ‘in play’

June is being viewed as the likely month for the Federal Reserve to start raising rates.

10 years ago

Local prices skyrocket as inventory lags behind intense demand

Disgruntled buyers are dropping out of the market to wait out this cycle only to be replaced by a new wave.

10 years ago

Beyond basic wear and tear: 5 inspection red flags

What repairs should buyers especially be alarmed about that could possibly send them back to the negotiation table?

10 years ago

Spring break: Buyers flock to booming second-home market

Vacation sales in 2014 nearly doubled the combined total of the previous two years.

10 years ago

The waiting game could prove costly in local housing

The inventory of resale and pre-build homes is not expected to recover until summer or fall.

10 years ago

One-quarter of Seattle’s lower-end homes remain ‘underwater’

At the peak of the real estate crisis, more than 15 million homeowners owed more on their mortgages than their homes were worth.

11 years ago

Saints alive! Taking home marketing to a higher level

One legend has it that some European nuns, desperate for additional land in the 1700s, buried statues on their property in order to get the attention of the Big Agent in the Sky.

11 years ago

Best time for open house continues to be 2 p.m. Sunday

The church-going crowd also influence the timing of open houses.

11 years ago

Housing affordability: Detroit, San Francisco at ends of spectrum

San Francisco buyers need 72 percent of their median income to afford a home.

11 years ago

Survey reveals most millennials unaware of closing costs

Most of the adults surveyed said they end up learning about closing costs from their real estate agent or by doing their own research.

11 years ago

Zillow rolls out new search tool targeting agent specialties

Agent Finder includes sales, current listings and reviews for the past 12 months.

11 years ago

Demand is high, so why are builders so cautious?

A new survey by the National Association of Home Builders revealed that two-thirds of builders said their greatest concern for 2015 is the availability of labor.

11 years ago

Plan on writing credit bureau to clear up problem

Washington has specific timelines in which creditors and reporting agencies must act on credit challenges.

11 years ago

Seattle rent hikes unsustainable, up 32 percent since 2009

Seattle, New York and San Jose are among the cities where combined rent growth far exceeds wages, according to the survey.

11 years ago

Appraisers value Seattle homes higher than the owners

Appraisers placed a higher value on Seattle-area homes than the homeowners, according to the February Home Price Perception Index (HPPI) produced by Quicken Loans.
11 years ago

‘Fly and Buy’: Some builders pick up travel tab

Travel costs can be applied to the purchase contract if the customer decides to buy.

11 years ago

Favorable weather brings more buyers, higher prices

"The early spring weather has brought a bumper crop of buyers to a market experiencing a drought of listings."

11 years ago

HUD still seeking owners owed mortgage insurance refunds

When homeowners pay off their FHA-insured loan within five years, a portion of the mortgage insurance upfront premium is returned.

11 years ago