SHORELINE WA REAL ESTATE - SHORELINE WA HOMES FOR SALE - SHORELINE WA MLS LISTINGS

Sales and median prices in Seattle and other Western markets have been impacted in recent months by the credit crunch, which made "jumbo" loans over $417,000 pricier and harder to obtain. In the Seattle area, the number of home purchases financed with jumbo mortgages fell 61 percent in January compared with a year ago, while sales financed with "conforming" loans not exceeding $417,000 fell 33 percent. Before the credit crunch hit last August, jumbo-financed home purchases represented about 16 percent of all Seattle region sales, while in January jumbo-financed deals were 8.7 percent of all sales