Interest rates for 30 year fixed mortgage “lowest ever”

News today that interest rates have reached below 4.0% for the first time in history. How low can it go? Some of the over 700 comments (so far) think it can go even lower. I don’t see how it’s possible, but who knows? I have given up trying to predict what the housing market is going to do. But I am patient and here for anyone who wants help finding that steal-of-a-deal house with the help of a real estate broker!

Read Mortgage rates drop below 4 percent for first time ever (MSNBC.com)

Understanding How Real Estate Market Prices Work

I have been having lengthy discussions with a neighbor trying to explain how real estate market values work. I’ve explained things in more than one way but I can’t seem to get my point across. Really we just have to accept that our houses are worth 30% less than they were when we bought new four years ago, if they aren’t a distressed sale. I came across this article that I think will help those wrestling with reality.

Read Understanding How Real Estate Market Prices Work (NuWire Investor, April 2010)

Seattle City Light offers more incentives to commercial building owners to become more energy efficient

 
Special Offer
Seattle City Light is offering additional incentives above our standard funding for retrofits and new equipment that save electricity.

Medium & Large Commercial: up to an additional 15% incentive on most measures for new commercial projects.

Small Commercial: additional incentives now rebate 80% of the average installed cost for most lighting retrofit fixtures. 

Learn More  
Increased incentives are anticipated to last through 2011, as budget allows. We encourage you to submit your projects early to ensure ample time for project review and processing.  Please note the following program information and guidelines:  Medium & Large Commercial:

  • Download an updated list of Medium/Large Commercial incentives here    
  • 70% funding cap; excludes projects with a pay-back of 6 months or less
  • Contact your Energy Management Analyst or SCL Energy Advisors at (206) 684-3800

 Small Commercial:  

  • Download an updated list of Small Commercial incentives here  
  • Incentives are provided to encourage small commercial business owners to invest in changing out their old T-12 lighting fixtures to T-8 lamps and efficient ballasts
  • Contact Eugenia Morita for rebate information, or contact SCL Energy Advisors at (206) 684-3800 

 

Help commercial customers take advantage of increased Seattle City Light energy-saving incentives to improve their bottom line this year. Upgrading now will reduce overall operating costs, lower electricity bills and improve customer and employee satisfaction.  And new increased incentives mean shorter pay-back times.

If you have any questions, please reach out to your Energy Management Analyst or call SCL Energy Advisors at (206) 684-3800.

“Building Green: Good for Planet, The Wallet, and The Bottom Line”

There was an important article that came out this week that I wanted to call to your attention. After 4 years in a Built Green Home and almost as long being certified in green housing, I’ve starting to see real meat and potato information coming out after more homes have been built/renovated, and it is being embraced by the consumer/home buyer.

Building green is getting big, better and cheaper. And it’s not just for new construction: from simple energy efficiency projects to “deep energy retrofits,” owners and leasers of existing homes and commercial buildings can join the green building boom.

Read more from Reuters.com

Admiral Theater Brings FREEDOM Film To Seattle August 6th

Along with The North American Clean Energy Tour

I love it when big things happen locally to me. The Admiral Theater in West Seattle is proud to present the only Seattle theatrical premiere of FREEDOM, the jolting new documentary that takes a hard look at America’s perilous and unsustainable addiction to foreign oil on Saturday, August 6th at 7 PM. The documentary, which focuses on a surprising solution to America’s oil dependence, is from the filmmakers of the award winning Sundance documentary FUEL. I plan to attend and I am partway through FUEL, available to stream on demand on Netflix.

The Freedom Bus has a 30 city tour planned.

In a move that harkens back to the grand old days of showmanship, the husband and wife FREEDOM filmmaking team of Josh and Rebecca Tickell are embarking on a three month, 30+ city North American Clean Energy Tour in a fully customized Freedom Bus, a “green” constructed, highly energy efficient vehicle that will park at movie theaters playing the film. The FREEDOM Bus (@Freedom_Film on Twitter) will be open to the public for free and will showcase the latest biofuel-efficient, advance fuels and wind, solar and water technology. They’ll be filming webisodes of The FREEDOM Drive! Come participate, debate and be inspired…

FREEDOM features an eclectic array of personalities, including former Speaker of the House Newt Gingrich, former NATO commander Wesley Clark, singer/songwriter Jason Mraz, (who scored the film), international author Deepak Chopra, and such “green” actors as Ed Begley, Jr. (seriously one of my favorite people!!), Amy Smart, and Michelle Rodriguez.

FREEDOM invites audiences to not just get mad, but to get motivated, offering serious fuel for thought for empowering people with knowledge and inspiring social change. The film explores the role that Ethanol plays as a homegrown alternative that will boost the domestic economy, create jobs and reduce our need to rely on dangerous and unstable parts of the world for our fuel. There is widespread agreement that America needs to wean itself off oil yet Ethanol has become a lightning rod of controversy. An anti Ethanol coalition made up of both big oil and radical environmentalists stokes the fires of that controversy every day. Debate rages on the pros and cons of Ethanol but what is the truth?

Both Josh and Rebecca Tickell will be available after the film for an audience Q&A. Tickets are $10.00 for the exclusive screening and can be bought at the Admiral starting Friday, August 5 or through Brown Paper Tickets. Or donations can be made at the door. You can RSVP for the event on Facebook here.

FREEDOM is a Green Planet Productions release. More information on FREEDOM, its theatrical release, its DVD release, and the North American Clean Energy Tour may be found here.

Building Green from Basement to Rooftop

Today, building an eco-friendly home requires much more than just installing extra insulation in the attic. There are literally thousands of eco-friendly products and building options out there to choose from and while daunting, all will deliver improved home efficiency and a unique home that could appreciate beyond standard properties.

In general terms, the best place to begin is to hire an architect. They should be able to articulate the features you’d like integrated into your property, in addition to providing a clear direction for prime and sub-contractors to follow as the home addition is built.

Once permits are secured, source a builder that knows local building codes, but is also a specialist in building eco designs. While in high demand, eco homes are still in their infancy, so be wary of builders who claim to be an expert in everything.

Additional considerations:

  • Choose a site that maximizes sunlight. This will help heat your home during the winter and provide an excellent charge for solar paneling. Also, if possible, position your home near deciduous trees whose bloom will shade the house in summer.
  • Choose building materials such as bricks or siding for their insulation as well as durability.
  • Select energy-efficient lighting options including “day-lighting” such as skylights to minimize energy use. Also consider building in timing, dimming and motion detectors that will turn lights on and off when areas in your home are not in use.
  • Consider having “structured wiring” installed for Smart Home options that enable one-touch (‘smart climate’) light and heat control.
  • A southern facing roof topped with solar panels can heat water, generate electricity and, in some locations, direct surplus electricity back to the electric grid which could earn you credits or additional income.
  • Ensure your insulation will be at R-2000 standards, including R-50 attics, R-25 walls and R-20 basements.
  • Consider the new, micro “combined-heat-and-power” (CHP) unit furnaces that not only heat your home but can also generate up to $800 worth of electricity per year. These can run $13,000 to $20,000, yet you should be fully reimbursed in about three to seven years depending on the cost of electricity.
  • If the CHP furnace is too expensive, consider a heat pump that can deliver energy-efficient air conditioning and heating capabilities.
  • As well, choose energy efficient appliances that have the ENERGY STAR™ endorsement;
  • Insist on low-flow shower heads and faucets, as well as water-efficient reservoirs in your bathrooms;
  • Green Landscaping shouldn’t be forgotten since it can be sculpted to provide natural drainage into flowerbeds, vegetable gardens, or onto lawns where you need water;
  • Finally, check out local and national government “green” programs that may assist you in the purchase of your eco-friendly products through rebates or discount programs.  

Undoubtedly, there will be choices galore while building your new home. However, be sure the ones you select are ones you need and they will deliver tangible benefits to you, the environment and eventually, potential buyers.

Try out our interactive home audit tool

Home Audit Tool partnered with Lowe

As a real estate professional I really focus on saving people money.
I am proud to be a part of Better Homes and Gardens Real Estate, which is putting an effort into their Green Leadership Initiative. Try out our interactive Home Efficiency Audit Tool, brought to you by Lowe’s. Learn how you can save money by making your home more efficient by using this online audit tool. Projects are broken out into everyday energy savers, conservation tip, weekend projects and big payoff projects. Scroll down to the “Live Green” section at the bottom of the page to learn more.

Summer is ON! High Point Farm Stand opens tomorrow

Admit it, you are jealous, just this once, that I can walk to a cool and productive garden and then go home with a canvas bag full of veggies for only ten bucks. Here’s the official announcement that came across the P-Patch list serv today from coordinator Julie Bryan:

The High Point Farm Stand officially opens Wednesday, July 13, offering fresh organic produce picked right from the High Point P-Patch Market Garden. Located at 32nd Ave. SW and SW Juneau St, the farm stand will be open every Wednesday through September from 4 pm to 7 pm.

Fresh right now is spinach, carrots, leafy vegetables, new onions, peas, turnips and radishes, to name a few.

Seattle P-Patch Market Gardens is a partnership developed with the community by the P-Patch Community Gardening Program in collaboration with the Seattle Housing Authority and P-Patch Trust to support low-income gardeners. Its mission is to establish safe, healthy communities and economic opportunity through Community Supported Agriculture (CSA) and farm stand enterprises.

For directions for the farm stand, visit the website. To learn more about the Seattle P-Patch Market Gardens, visit their website

If you want to be able to walk to a local farm stand and buy fresh vegetables when in season, click to see High Point homes for sale and then call me for a personalized and detailed tour of the wonderful Built Green Certified community of High Point in West Seattle.

Off-topic but entertaining nonetheless – Tim Minchin (VIDEO)

Tim Minchin is performing tomorrow night here in Seattle and luckily my husband and I discovered him in time to get tickets. He makes me think, makes me laugh, and makes me tell other people about him. He’s mastered his craft!

Most of the videos I have seen so far have been of live performances at various venues. But this is a neat beat poem animated graphic novel style. I really liked it. Enjoy!