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Real Estate

Local real estate investors and other interested professionals looking for a way to network or learn about investing can meet with like-minded people through Real Estate Investors of Kitsap . A nonprofit organization founded more than a year ago, REI Kitsap has about 60 members including real estate agents, mortgage brokers, investors, developers, attorneys, bankers and others.  read more »


The state Senate Ways and Means Committee unanimously adopted an amendment to the state budget authorizing the state to invest $25 million in a short-term loan program in order to provide a cash advance on the federal, first-time home buyers’ tax credit, allowing potential home buyers to utilize the tax credit as down payment when closing the sale of their first home instead of receiving a credit next year. The budget, with this proviso authorizing the advance loan program, must be adopted by the full Senate and House, and signed by the Governor before it becomes effective. read more »


Continuing on a downward trend, the price of construction materials fell 0.4 percent in April, the last month for which figures are available, according to the U.S. Labor Department. On a year-over-year basis, construction material prices have dropped 3.7 percent.

“Given the weakness of the broader economy, lower construction materials prices are a necessary ingredient to stimulate nonresidential construction in segments not directly impacted by the American Recovery and Reinvestment Act of 2009,” said Associated Builders and Contractors Chief Economist Anirban Basu. read more »


Bank of America retired the Countrywide Mortgage brand at the end of April, rebranding it to Bank of America Home Loans, which also includes its own mortgage and home equity business. The move came about 10 months after Bank of America Corp. bought Countrywide Home Loans.

Countrywide, which had about 1,300 mortgage offices around the country, had been linked to the subprime market and high-risk loans. Since its acquisition last July, Countrywide discontinued its subprime and stated income practices, according to Bank of America spokesman Rick Simon. read more »


Peter Brachvogel, and Stella Carosso, together with a panel of professionals, are offering a course designed for homeowners who are contemplating projects to improve their family’s environment in a tough economy. The course will be held on Thursday evenings June 4, 11 and 18 at 7 p.m. in the Campaign Room located above Pegasus Coffee House at 131 Parfitt Way on Bainbridge Island. read more »


Two local companies announced that they have combined services to benefit customers as of May 1. Mike Boyle, owner of Belfair-based North Bay Mortgage, has formed an association with Chris Ladner and Jeff McHargue, owners of Arnold & Smith Insurance, Inc. The two companies expect to share an office in Belfair, at 22881 NE State Route 3, where the Hood Canal Salmon Enhancement Group is now located.

“Mortgage and insurance are similar industries,” said Boyle. read more »


Rice Fergus Miller, located in Bremerton, recently announced that 14 of Rice Fergus Miller’s staff earned the following professional designations:

Steve Rice, Ron Easterday, Maurice Diaz, Shawn Dinkuhn, Erika Malpaya, Jeremy Southerland, Jeff Weis, Emily Winkels, Matt King, Bob Hutchinson, Craig Caliguiri and Howard Struve are all now LEED accredited professionals. In earning this designation, each has demonstrated a thorough understanding of green building principles, and work with clients to integrate those practices into the design of built projects. read more »


Downtown Bremerton during a beautiful spring day Empty storefronts and closed businesses are among the many casualties of the recession around Kitsap County, and downtowns are no exception. The area downtowns, already in many cases competing with malls and big-box retails, are coming up with creative ways to bring in more people — and cater to the homegrown crowd.

“On Bainbridge, there is a lot of talk about celebrating local and buying local,” said Jennifer Rhoads, whose fabric store, Esther’s, is turning 50 years old this year. She says already more people are coming in read more »


As summer approaches, you might be thinking about having a new deck built, or maybe a new concrete patio poured. Perhaps you are even considering an addition or remodeling project, or maybe building a new home. Before you embark on any home improvement mission, take a few easy steps will help to protect you financially, and possibly save your sanity at the same time. read more »

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