About Tacoma's North Tacoma

Although there were 30% fewer closings this week than there were at the same period last year, transactions closed nearly two weeks more quickly, selling prices were up by 28% and there was virtually no change in the percentage of list price to selling price.

Generally, the borrower must make a cash investment of at least 3.5 percent of the contract sales price as required by the Housing and Economic Recovery Act of 2008. Detailed instructions for determining the minimum investment for an FHA insured mortgage are available in Mortgagee Letter 08-23 for purchase transactions and Mortgagee Letter 08-40 for refinance transactions.

The downpayment for purchase of a HUD homes may be as low as $100. For more information on HUD Homes go to the following website: http://www.hud.gov/offices/hsg/sfh/reo/reohome.cfm.

http://www.FHATacoma.com helping renters become homeowners!

No change in the number of closings this week compared to the same period last year.

Transactions took longer to close, the average sale price declined 12%, but the gap between list and selling prices improved 6%.

If you'd like the selling details of the home that closed in your neighborhood, just ask.

The number of closings this week increased 140% compared to the same period last year.

Transactions took longer to close, the average sale price declined 2%, and sale prices dropped 6%.

But the numbers indicate that the market is beginning to improve.

If you'd like the selling details of the home that closed in your neighborhood, just ask.