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Real Estate News Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon September 27, 2023 You might remember the housing crash in 2008, even if you didn’t own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there’s good news – the housing market now is different from 2008. One important reason is there aren’t enough homes for sale. That […]
Real Estate News The Return of Normal Seasonality for Home Price Appreciation September 26, 2023 If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices? Despite what you may be hearing in the news, nationally, home prices aren’t falling. It’s just that price growth is beginning to normalize. Here’s the context you need to understand that trend. In the housing […]
Home Financing House Hunting? Start with Pre-Approval for Success September 25, 2023 If you’re looking to buy a home this fall, there are a few things you need to know. Affordability is tight with today’s mortgage rates and rising home prices. At the same time, there’s a limited number of homes on the market now, creating competition among buyers. But, if you’re strategic, there are ways to […]
Real Estate News Creating Memories: The Emotional Wealth of Homeownership September 22, 2023 Buying and owning your own home can have a big impact on your life. While there are financial reasons to become a homeowner, the non-financial benefits are compelling too. Here are some of the top non-financial reasons to buy a home: According to Fannie Mae, 94% of survey respondents say, “Having Control Over What […]
Real Estate News Remote Work Is Changing How Some Buyers Search for Their Dream Homes September 2023 The way Americans work has changed in recent years, and remote work is at the forefront of this shift. Experts say it’ll continue to be popular for years to come and project that 36.2 million Americans will be working remotely by 2025. To give you some perspective, that’s a 417% increase compared to the pre-pandemic years when there […]
Selling Your House Your Home Equity Can Offset Affordability Challenges September 19, 2023 Are you thinking about selling your house? If so, today’s mortgage rates may be making you wonder if that’s the right decision. Some homeowners are reluctant to sell and take on a higher mortgage rate on their next home. If you’re worried about this too, know that even though rates are high right now, […]
Real Estate News Are More Homes Coming onto the Market? September 18, 2023 An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, especially if it’s priced right. But there are some early signs […]
Real Estate News Why Is Housing Inventory So Low? September 14, 2023 One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that’s probably not the best strategy. Here’s why. There aren’t enough homes available for sale, but […]
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Homeowner Tips Protect Your Home: Fall Home Maintenance Checklist September 2023 Home maintenance in the rainy Pacific Northwest is crucial to protect your property from the wet and sometimes harsh conditions. Here’s a fall checklist of home maintenance projects that can help prevent expensive damage to your home this winter:   ✅ Clean Gutters and Downspouts Remove leaves, debris, and moss from gutters and […]
Homeowner Tips 5 Home Staging Tips for Creating a Cozy, Autumn Oasis Fall is a fantastic time to showcase your home because it offers unique opportunities to create warmth, coziness, and charm. If you are planning to sell this fall, I would highly recommend using a professional stager. Staging is very often a key ingredient to a successful selling strategy. However, it’s still fun to use some […]
Real Estate News What Experts Project for Home Prices Over the Next 5 Years If you’re planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across the country. And data shows, experts […]
Homeowner Tips 6 Simple Ways to Protect Your Home from Rain Damage I love rainy days. The sound of rain on the roof and windows usually provides me with a peaceful, relaxed feeling.  I remember one time, though, when the sound of raindrops sounded more like alarm bells going off than a soft, cozy pitter-patter. Years ago, when my wife and I were new homeowners (and before […]
Real Estate News Home Price Forecasts Revised for 2023   Some Highlights Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low. While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to decrease. Let’s connect so you know what’s happening with home values in our local area. Sources   https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/mortgage-finance-forecast-dec-2022.pdf https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/2023/mortgage-finance-forecast-aug-2023.pdf https://www.fanniemae.com/media/45801/display https://www.fanniemae.com/media/48726/display https://twitter.com/NewsLambert/status/1671900591113609216 (Morgan Stanley) https://twitter.com/NewsLambert/status/1671556169712672768 (AEI) […]
Mortgage Rates Mortgage Rates: Past, Present, and Possible Future If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared […]
Market Update Expert Home Price Forecasts Revised Up for 2023 Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong. While there […]
Market Update Why It’s Still a Seller’s Market Today Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house? The latest Existing Home Sales Report from […]
Real Estate News There’s Only Half the Inventory of a Normal Housing Market Today Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today. You may have heard inventory is low right now, but you may not fully realize just how low or why that’s a perk when you go to sell your house. […]
Real Estate News About 11,000 Houses Will Sell Today Some homeowners have been waiting for months to put their house on the market because they don’t think people are buying homes right now. If that’s you, know that even though the housing market has slowed compared to the frenzy of a couple of years ago, it isn’t at a standstill. Contrary to what you may believe, buyers are still active […]
Real Estate News The Value of an Agent When Buying Your New Construction Home Buying a new construction home can be an exciting experience. From being the very first owner, to customizing your home’s features, there are a lot of benefits. But navigating the complexities of buying a home that’s under construction can also be a bit overwhelming. This is where a skilled real estate agent can make all the difference. […]
Mortgage Rates Explaining Today’s Mortgage Rates As of today, the 30-year fixed rate is at 7%. But what will happen to rates in the future? If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast. […]
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