Ed  Watts

Ed Watts

Broker

License #: License # 13376

Property 1st

Mobile:
206-660-2887
Office:
425-741-4253
Email Me
Ed  Watts

Ed Watts

Broker

License #: License # 13376

Property 1st

Mobile:
206-660-2887
Office:
425-741-4253
Email Me

news aggregator

Fractured MLS Landscape Begins Embracing Tech, Consolidation

USA Real Estate News-RISMedia - 5 hours 38 min ago

It is not the flashiest or most dynamic part of the real estate industry. The concept of a Multiple Listing Service, or MLS, goes back more than 100 years when local boards would meet in a dusty office and exchange paper copies of listings. Eventually, these were consolidated into larger volumes accessible by members of local or regional associations, before the dawn of the internet blurred regional lines and gave broad access to listing data for both consumers and real estate professionals.

Existing-Home Sales Mark 15-Year Milestone, Despite Decline in December

USA Real Estate News-RISMedia - 5 hours 39 min ago

After seeing several months of gains, existing-home sales retracted in December by 7.1% to a seasonally adjusted annual rate of 6.18 million, with each of the four major U.S. regions seeing both a month-over-month and year-over-year decreases, according to the latest data from the National Association of REALTORS® (NAR).

Despite the drop, overall sales for 2021 increased 8.5%, marking the highest annual level since 2006.

Mortgage Rates Rise to Highest Level Since Onset of Pandemic

USA Real Estate News-RISMedia - 5 hours 41 min ago

Mortgage rates continued their upward trajectory for the fourth straight week, rising to their highest level since the beginning of the pandemic, according to this week’s report from Freddie Mac.

According to the agency’s Primary Mortgage Market Survey® (PMMS), the 30-year fixed mortgage rate averaged 3.56% for the week ending Jan. 20, climbing another 0.7 points from a week ago.

Mortgage details:

Report: Inventory Down More Than 40% From Pre-Pandemic Level

USA Real Estate News-RISMedia - 5 hours 41 min ago

As the consumer shopping season wound down in December, real estate demand remained high amidst staggeringly low inventory. Zillow’s latest market report showed housing inventory is down 40.5% versus December 2019—just a few months before the COVID-19 pandemic began.

Just added: New Inman season, new shows, new ideas

USA Real Estate News-Inman - 5 hours 55 min ago
We’re entering our second full year of Inman Connect Now — our virtual series designed to keep you on top of the latest trends and tactics to help you keep your edge throughout the year. We’re making it easier than ever for you to incorporate the real estate content into your day-to-day life, like your favorite podcasts or streaming tv shows. 

The Address founder opens indie brokerage amid Corcoran sale

USA Real Estate News-Inman - 7 hours 21 min ago
Ventura, California-based broker and founder of The Address, Troy Palmquist, is moving on to focus on the launch of Doora Properties, he announced after the sale of The Address to Corcoran Global Living last week.

Existing-home sales tally banner year after 12 months of epic demand

USA Real Estate News-Inman - 7 hours 31 min ago
In a year of sky-high demand, existing-home sales recorded a banner year with the sale of 6.12 million units and an 8.5 percent surge from 2020, according to the National Association of Realtors.
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Have Questions?

We offer what may be the most extensive marketing background for a real estate and REO broker in the Greater Seattle area: over 30 years in real estate; over 10 years handling residential REO (REO sale prices from $5,750 to $1.9 million) over 20 years handling commercial and multi-family REO (commercial sale prices from $1,000 to $25 million). We have handled property challenges such as mold, failed septic systems, code violations, short sales, stripped houses, fires, bad roofs, meth houses, grow houses, pests, wetlands, excessive vacancies in commercial properties, haz/mat issues, declining markets, inflation, high interest rates and more.

We are Hy-Brid!

We handle short sales, REO, pre-foreclosures, CFKs, evictions, trash-outs, billings, bids, rehabs, repairs, locks, the whole spectrum you need.
We use these client platforms: Equator; ResNet; Disposolutions; iAspen; LPS; Quandis; RealTrans; Altisource; Pyramid; RIOGenisis.
Clients: Select Portfolio Servicing; Premiere Asset Services; Brighton Real Estate Services; Aurora Loan Servicing; M. D. Webb & Associates; Green River Capital; 406 Partners; Phoenix Asset Management; USRES; Ocwen; Integrated Asset Services; HSBC; 24 Asset Management.


Service areas: we are based just north of Seattle and our staff serves King County (Federal Way, Auburn, Des Moines, Burien, Renton, Kent, Tukwila, Bellevue, Redmond, Kirkland, Woodinville, Duvall, Shoreline, Lake Forest Park, Bothell), Seattle, Everett, Snohomish County (Edmonds, Mountlake Terrace, Mukilteo, Lynnwood, Snohomish, Monroe, Marysville, Lake Stevens, Stanwood, Arlington), Mount Vernon adn north. Zip code lists available if you wish.


Member of REOMAC, NWMLS.



License #: License # 13376

Education: Graduate of UW.

Area Covered: Snohomish County and the greater Seattle area.