Market Update August 2020 Housing Market Update (NWMLS Press Release) Opportunities abound for home buyers and sellers, but brokers say “don’t delay” Here are the bullet points from the newest press release from the Northwest Multiple Listing Service, which provides data for most of Western Washington. pent-up demand from homebuyers meant inventory remained tight pending sales jumped nearly 14% from a year ago inventory remained […]
Uncategorized Interest Rates at 12-Month Lows Interest rates for mortgages are now around the low 4% range for a 30-year fixed loan. There’s a general rule of thumb for interest rates that goes like this: for every 1% change in interest rates, you gain or lose 10% buying power. So if you were pre-approved to buy a $500,000 house a few […]
Market Update February 2019 Seattle Market Report Heating Up! Stats for the Seattle real estate market for February 2019 are out, so here’s the market update condensed into some highlights. Pending sales are down about 14 percent compared to February 2018. Inventory in Seattle rose from January to 1.8 months (0-3 months of inventory is considered a seller’s market). Median prices increased […]
Education Sewer Scope What am I looking at? This is the view from a video camera during a recent sewer scope of a townhouse in Ballard. The camera went through over 100 feet of sewer line on the property before finally hitting the main sewer line out in the street. To our surprise, it was cavernous and brick-lined! Not […]
Education Wire Fraud: Be Aware! Wire Fraud On the Rise Wire fraud has been on the rise in the past few years. Since real estate is an industry where large amounts of money are involved, many scammers are increasingly devoting their efforts to target home purchases. According to the FBI, cyber-criminals stole or tried to steal about $19 million from […]
Event WA Realtor Hill Day 2019 What Is WA Realtor Hill Day? WA Realtor Hill Day is a day once a year when Realtors from across the state come together at the state capitol to speak with legislators about issues that impact the real estate industry. This includes tax and liability laws, zoning, and most importantly, housing affordability. Unlock The Door […]
Education Mortgage Calculator: Not The Full Equation What is a mortgage calculator? If you’re house hunting, then you need to know what you can afford. The first step is getting pre-approved with a mortgage lender. A pre-approval is a basically what the lender says you can afford overall, but it doesn’t tell the whole story. You’ll still want to know what your […]
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