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Seattle home prices defy logic

August 13th, 2007 8:12 PM by Sam Kader

The inventory in King county grew 51 percent in July 2007, but the price of houses and condos increased 9 percent compared with a year earlier. The median price for a single-family home in King County was $481,000. On Wall street, investors are worried about the increasing number of defaults on risky subprime loans. Borrowers with impaired credit are going to be hard-pressed to find a mortgage. On the other hand, borrowers who have strong credit scores, adequate down payments and documentation of their earnings should have no problems getting a loan.
Posted in:General
Posted by Sam Kader on August 13th, 2007 8:12 PM

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