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Real Estate

The National Association of Realtors® is launching a new consumer education campaign through its membership to help consumers avoid the pitfalls of predatory lending practices that often afflict potential homebuyers with credit problems in today’s hot real estate market.

The object of the policy approved by the NAR Board of Directors on Saturday is to develop standards that balance continued valid uses of subprime loans for borrowers with imperfect credit while avoiding “toxic” loans and abusive lending practices. read more »

 

Sub-area plans — part of the county’s comprehensive plan that required by the state of Washington’s Growth Management Act are in active various stages of development and review in four Kitsap County areas: Port Orchard/South Kitsap, Silverdale/Central Kitsap, Kingston, and Suquamish. read more »

 

The popular Cosmo’s Deli, now in its fifth year serving Port Orchard, announced plans for expanding their operations by the fall of this year. “It was a long time in the making,” says Shelly Lewis, co-owner of the business along with Christina Balazs. They have been working through rezoning and land use issues for over a year and a half now. read more »

 

Artist rendering of Harborside Condominium project slated to break ground shortly

The revitalization of downtown Bremerton has been well publicized and much talked about. The first visible fruit of this effort was the Bremerton Harborside development, which includes the Kitsap Conference Center, adjoining Kitsap Transit office and retail center, and the new Hampton Inn and Suites. read more »

 

The BJC Group Inc. recently announced the completion of the tenant improvements for the Naumann-Johnson Orthodontics clinic located at 1565 Woodridge Drive in Port Orchard. The project was completed in April. With this office fully operational Doctors Naumann and Johnson have increased their services in the Port Orchard from one day a week to three days a week . read more »

 

Downsizing out of their big, expensive homes, just isn’t on the agenda of many baby boomers as they near retirement

Much to their detriment, home builders who are waiting for the first wave of the 77 million baby boomers born between 1946 and 1964 to start retiring may be missing out on a growing market force in the housing industry, according to speakers at NAHB’s Building for Boomers and Beyond Seniors Housing Symposium, which was held May 16-18 in Chantilly, V read more »

 

Housing affordability conditions have improved for two consecutive quarters, keeping housing within reach for people in most of the country, according to the National Association of Realtors .

NAR’s composite Housing Affordability Index was 132.9 during the first quarter, up 1.1 percentage points from 131.8 in the fourth quarter of 2004; the index was 8.3 points below the first quarter of last year when it stood at 141.2. read more »

 

The strong sellers market from Gig Harbor to Bainbridge Island — and all point in between — in the last couple of years has been tough on the buyers, especially first-timers. As if last year’s market wasn’t bad enough, Realtors report that it has gotten worse. The experience of buying a home, especially in a competitive price range, has turned into a real frenzy.

Some agents estimate there are as fewer as half the homes on the market this year, and the high-priced homes are selling slower but also brisk. read more »

 

Agents Ron Olsen and Amy Allen of Coldwell Banker Swanson Realty on the deck of one of the units at Sunn Fjord. With units starting at $95,797, the first phase of the project sold out quickly

When Heather Cottrell decided to move from renting to home ownership a few months ago, there wasn’t much she could find as a single-income buyer. read more »

 
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