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Michael Eisenberg Bellingham Real Estate Broker

Washington Post ranks Bellingham #2 America's Best Cities for Fostering Entrepreneurial Business

Bellingham shows up as No. 2 , on The Washington Post's rankings of America's best cities for fostering entrepreneurial business. Mount Vernon comes in at No. 17. The only other Washington city listed was Longview.

"Locally-owned businesses are at the heart of the American economy," the article says on the paper's Web site. "They create jobs, boost local economies and add vibrancy to nearby communities — and that is particularly true in the 25 cities on our list. These metropolitan areas, which range from bustling New York City to towns in central Oregon, are hotbeds for small businesses and local entrepreneurs."

They say that Bellingham: "is encouraging residents to chime in with their ideas for a revamped downtown using an online survey on the city's Web site. The city will share its plans with residents early next year."

If you have any questions or want to see any Bellingham Real Estate feel free to email me at or give me a call at 360-739-6981

The government wants to turn foreclosures into rentals.

Government officials want to start a trial program to sell the homes that they own in bulk to investors who will turn them into rentals. That means Fannie Mae, Freddie Mac, and FHA homes in selected markets around the country. Their hopes are that getting these homes off the government's books, minimizing the losses and putting people back in them will help stabilize neighborhoods as well as housing values.

Fannie and Freddie combined have about 215,000 homes with more coming into foreclosure every day. This program could help get some of those homes lived in again and even help stabilize the housing market as there will not be so many distressed sales dragging down property values. Since rates are beginning to rise in many parts of the country this may help stabilize the rental market as well.

This program will probably take place in selected markets where there are large numbers of foreclosures. Reading between the lines I don't think this will have much effect here in Bellingham.

Bellingham Real Estate Market Report - December, 2011

Here's a quick analysis of the Bellingham Residential Real Estate Market

The graph looks like we bounced up a bit from last month, but we're still in a downward trend overall, and ended the year that way. I think that what happens next year in the housing market will depend a lot on what happens in the economy in general, and even in the European economy as that will affect ours.

Stay tuned for 2012.

There is still a First Time Home Buyer Tax Credit Available through a program called the Mortgage Credit Certification. It is a Tax Credit paid on Mortgage interest.

Interest rates are at historic low's and there are some great values in the Bellingham market right now. You might want to take a look at what it would cost you to purchase one of these homes at today’s rates. You might be surprised at what your monthly payments would be, maybe less than your paying for rent right now if you are renting a comparable sized house or condo.

If you have any questions or want to see any Bellingham Real Estate feel free to email me at or give me a call at 360-739-6981

Data are based on information provided by the NWMLS

2011 Lighted Boat Parade & Superhero Lighted Bike Parade

It's that time of year, the days are short, the nights are long, a great time for some lighted parades. Friday and Saturday (Dec 2 & Dec 3 from 5pm - 8pm) you can see the Lighted Boat Parade if your anywhere near the waterfront, but especially around Fairhaven. Boats will gather near the Bellingham Cruise terminal and make 2 laps past Taylor Dock and Boulevard Park.

If you don't have a boat and are looking for a participatory event, there is the Superhero Lighted Bike Parade tonight. Come dressed as your favorite superhero and bike through down town Bellingham. Be sure to decorate your bike with lights and reflectors, riders will rendezvous at 6:30 pm at the Pacific Arts Festival grand opening (formerly TubeTime) next to Public Market on Cornwall Avenue

image courtesy of flicker.com by kevincole

Bellingham Real Estate Market Activity Snapshot: November 20, 2011 – November 26, 2011

The following data is for Single Family Residential Homes:

New Listings: 8
Closed Sales: 7
Pending Sales: 14

  • Average List Price: $196,229
  • Average Sale Price: $190,380
  • Sale-to-List Price Ratio: 97.0%
  • Average Days on Market: 75


bham11 20 Bellingham Real Estate Market Activity Snapshot: November 20, 2011 – November 26, 2011

Total active listings at the end of the week: 438