Uncategorized The Housing Market will “SPRING” forward this year! Just like our clocks last weekend, the housing market will soon “spring forward!” Similar to tension in spring, the lack of inventory available for sale has been holding back the market. Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right.  Buyer demand has seasonality to […]
Uncategorized Home prices are leveling off. Long term, that is a good thing for the housing market No Worries… Home Prices Coming in for a SOFT Landing! Home prices have appreciated considerably over the last five years. This has some concerned that we may be in for another dramatic correction. However, recent statistics suggest home values will not crash as they did a decade ago. Instead, this time they will come in […]
Uncategorized Interest Rates Hit New 12 Month Low! According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018! Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, […]
Uncategorized What are the Benefits of Becoming a Homeowner? Home ownership is and will always be part of the American Dream! There are many financial and non-financial benefits to take advantage of when owning a home. If owning a home is part of your dream, contact me  to help you with the process! Every family has a list of important dates. We celebrate birthdays, […]
Uncategorized Thinking of Buying a home this year? 3 great tips to reach your goal! 3 Tips for Making Your Dream of Buying A Home Come True [INFOGRAPHIC] Some Highlights: Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking too much about it. Living within a budget right now will help you save money for […]
Uncategorized Why we are NOT heading toward a housing bubble or crash! 3 Reasons Why We Are Not Heading Toward Another Housing Crash With home prices softening, some are concerned that we may be headed toward the next housing crash. However, it is important to remember that today’s market is quite different than the bubble market of twelve years ago. Here are three key metrics that will […]
Uncategorized Interest Rates won’t be this low for long! https://goo.gl/B5iaUx
Uncategorized Why Are Mortgage Interest Rates Increasing? https://goo.gl/qu1msS
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Uncategorized A Historical Look At What Happens After A Presidential Election We are right around the corner from the presidential election and many of my clients have asked me how the election will affect interest rates. Historical archived data from the Primary Mortgage Market Survey from Freddie Mac which dates back to 1971 might shed some light on what usually happens to interest rates after an […]
Uncategorized 7 Reasons Why Every Home Buyer Needs Owner’s Title Insurance Buying a home is an exciting and emotional time for many people. To help you buy your home with more confidence, make sure you get owner’s title insurance. Here’s why it’s so important for you. Protects Your Largest Investment A home is probably the single largest investment you’ll make in your life. You insure everything […]
Uncategorized Should you pay off your mortgage early as part of your retirement plans? A recent article from US News talks about the things you should consider before paying off your mortgage early. http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2015/12/03/6-things-to-consider-before-paying-off-a-mortgage-early To me knowledge is power and to having options as you plan for the next stage in life is comforting.    
Uncategorized What is the right amount of Earnest Money? Understanding the purpose of earnest money – what it does and what is does not do is an important part of the home purchase and selling process.  Earnest money simply funds the liquidated damages provision of the purchase and sale agreement between the Buyer and Seller.  Basically, if Buyer defaults, Seller is damaged.  Seller had […]
Uncategorized FHFA posts housing price index data… Yesterday, FHFA released their housing price index data for November which showed that house prices rose 0.8 percent from October on a seasonally adjusted basis. That rate of growth is the highest one-month growth rate reported by FHFA since December 2013; it would translate into an annual price growth of 10 percent.  While month to […]
Uncategorized Conventional Loan Limits increase to $517,000 ​​ Effective with loan closings after January 1st, 2015 the conventional loan limits for King, Pierce, and Snohomish counties will increase from $506,000 to $517,500.  This is good news for folks who are looking to purchase with only 10% down as many Jumbo options require 20% down to get the best rates.  We expect FHA […]
Uncategorized NAR’s most recent Existing Home Sales Report – sales are up! The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over the past year. See Keeping Current Matters article: http://www.keepingcurrentmatters.com/2014/12/02/sales-up-in-almost-every-price-range/
Uncategorized Buying or Selling: Now May Be The Time   As we enter the winter months, many expect the real estate market to begin to slow down. However, this winter there are many reasons that both buyers and sellers should consider moving forward with their real estate goals instead of waiting until the spring. BUYERS Waiting until the spring will probably mean increases in […]
Uncategorized Shadow inventory keeps shrinking   Homes classified as “shadow inventory” fell to 2.3 million units in October, down 12.3 percent from a year ago but still representing a seven-month supply of homes, according to a monthly report from real estate data firm CoreLogic. Homes with seriously delinquent loans attached to them made up 1.04 million of October’s shadow inventory. […]
Uncategorized Now is the time to sell or purchase!   Buyers closed on nearly 1800 houses in King County last month, 13% more than September 2011.  The median price of single family homes sold has been in the $375,000 to $380,000 range since June Distressed home listings (short sales & bank owned) are down 60% from last year.  The real estate tide has changed and the […]
Uncategorized Confidence has returned to Seattle! Did you know…The median price of single family homes sold in June 2012 in King County was $380,000, up 10.4% from June 2011.  The 1st double digit increase in nearly 5 years!  Distressed home listings (short sales & bank owned) are down 60% from last year.  The tide has changed and the feeling of confidence […]
Uncategorized Are we out of the woods? This week’s reports show that January New Home starts rose to the highest level since October 2008 and Weekly Jobless Claims fell to the lowest level since March 2008! Are we out of the woods? What do you think?