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» Washington Marliss Gruver The Marliss Gruver Group RE/MAX Four Seasons 24 Hour Occupancy Checks, Cash for Keys, Property Preservation, Maintenance and Repairs, BPO's, Full Marketing Campaigns ABR, GRI, CRS, CDPE Direct: 360.790.6900 Office: 360.357.3336 marliss@marlissgruver.com 2010 #2 WA RE/MAX Agent, (closed transactions) 2011 #3 WA RE/MAX Agent, (closed transactions) IN THE NEWS Mortgage Rates, Low Inventory Greatest Obstacles for Homebuyers Ascending mortgage rates are starting to weigh on homebuyers nearly as much as low inventory, according to Seattle-based Redfin's recently released Real-Time Homebuyer Survey. For its report, Redfin surveyed 1,772 active homebuyers across the 22 markets it covers. Respondents hailed from all over the country. Out of those polled, 56 percent said rising rates have impacted their ability to buy a home "somewhat," while an additional 7 percent said rates are impacting them "a lot." When asked how rates have affected their home search, 33 percent of those surveyed said they're speeding up their search before rates get too high, 20 percent said they're slowing their search, and 1 percent have stopped looking altogether. In addition, more homebuyers pointed to rising mortgage rates as one of their major concerns with buying a home right now, with 53 percent giving that response. However, inventory shortage was still the chief concern, earning 58 percent of responses. At the same time, when asked about their motivation for buying a home this year, only 37 percent of buyers cited low mortgage rates, down from 56 percent last quarter. Thirty-eight percent answered "life event," 33 percent said "rising costs," and 25 percent said they are "tired of waiting." On the positive side, buyers seem to believe the market is shifting back toward a balance. The share of buyers who believe now is a good time to sell in their neighborhood fell to 63 percent from 66 percent in the last survey, marking the first drop in three quarters. Still, though, only 24 percent of buyers said now is a good time to buy, a drop from 32 percent in the last survey. Finally, home price expectations were a little more muted than they have been in past surveys. Thirteen percent of respondents said they expect home prices in their area to "rise a lot" over the next year, down from 23 percent in the prior survey. Just more than half (51 percent) expect prices to "rise a little," down from 57 percent. Zillow Makes Market Data Available to Moody's Clientele Moody's Analytics clients can now access the full suite of Zillow real estate aggregate data and related indices, the companies announced jointly. "Zillow firmly believes that open access to real estate data of all kinds can only help empower the people who use it, whether they are consumers or professional economists and analysts," said Dr. Stan Humphries, chief economist of Seattle-based Zillow. Moody's Analytics' data delivery platform, DataBuffet, now includes the Zillow Home Value Index and Zillow Rent Index, indices designed to measure the true market value of all homes potentially for rent or sale, not just those currently listed or recently sold. Zillow's negative equity data is also available via DataBuffet. In addition, DataBuffet customers will have access to all of Zillow's aggregate real estate metrics, including median listing and sales prices, the percentage of properties selling for a gain or loss in an area, median list-to-sale price ratios, and foreclosure data. "No other single real estate data source can match the footprint and depth of Zillow's sales and rental information," Humphries said. "We're excited to have a new way to distribute this data, which has always been freely available on Zillow.com, and are very pleased to be working with Moody's Analytics to make it more broadly accessible." KNOW THIS The GSEs have increased their approved time line for foreclosure sales in Washington state by 30 days to 360 days. VISIT US ONLINE @ DSNEWS.COM West Virginia rank: 32 90+ Day Delinquency Rate Foreclosure Rate July 2013 2.2% Unemployment Rate 1.5% 6.2% year ago 2.3% 2.2% 7.6% year-over-year change -7.5% -33.9% -18.4% Top County Wyoming CounTy 90+ Day Delinquency Rate Foreclosure Rate July 2013 2.4% 4.1% year ago 2.8% 3.1% year-over-year change -13.8% 33.2% Top Core-Based Statistical Area HunTingTon-ASHlAnd, WV-Ky-oH 90+ Day Foreclosure Delinquency Rate Rate July 2013 2.2% 2.6% year ago 2.1% 2.1% year-over-year change 3.6% 25.4% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the July 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Wisconsin rank: 29 90+ Day Delinquency Rate Foreclosure Rate July 2013 2.5% Unemployment Rate 2.1% 6.8% year ago 2.7% 3.3% 7.0% year-over-year change -9.0% -37.4% -2.9% Top County MarqueTTe CounTy 90+ Day Foreclosure Delinquency Rate Rate July 2013 2.2% 4.0% year ago 2.2% 3.5% year-over-year change 1.0% 12.7% Top Core-Based Statistical area Monroe, WI 90+ Day Delinquency Rate Foreclosure Rate July 2013 2.7% 2.8% year ago 3.2% 4.9% year-over-year change -15.7% -42.9% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the July 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. 95

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