If you put your plans to move on hold until home prices stabalized in Kittitas County or the Kitsap Peninsula... let's connect to discuss if now is the right time. Some Highlights While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again. Last July, prices started to decline, but around February, they began climbing Continue Reading about Last July, prices started to decline, but around February, they began climbing back up.: The Worst Home Price Declines Are Behind Us [INFOGRAPHIC]
MyAroundTown Real Estate Insider
In the fourth quarter of 2022, the average borrower earned about $14,300 in equity year over year, compared with the $63,100 gain seen in the first quarter of 2022.: Homeowners Have Incredible Equity To Leverage Right Now
TAKE AWAY: Today, many homeowners in Kittitas County and the Kitsap Peninsula are sitting on a substantial amount of equity, and you may be one of them. Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you Continue Reading about In the fourth quarter of 2022, the average borrower earned about $14,300 in equity year over year, compared with the $63,100 gain seen in the first quarter of 2022.: Homeowners Have Incredible Equity To Leverage Right Now
Connect with a pro and get THE Mortgage Rate facts in Kittitas County or the Kitsap Penenisula : The Impact of Inflation on Mortgage Rates
A Take Away for You: “We continue to expect that mortgage rates will drift down over the course of the year as the economy slows . . .” Mike Fratantoni, Chief Economist at the Mortgage Bankers Association (MBA) If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for Continue Reading about Connect with a pro and get THE Mortgage Rate facts in Kittitas County or the Kitsap Penenisula : The Impact of Inflation on Mortgage Rates
A Recession Doesn’t Equal a Housing Crisis
Everywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house, this may leave you wondering if your plans are still a wise move. To help ease your mind, experts are saying that if we do officially enter a recession, it’ll be mild and short. As the Federal Reserve explained in their March meeting: “. . . the staff’s projection at the time of the Continue Reading about A Recession Doesn’t Equal a Housing Crisis
If you are shopping for a home on the Kitsap Peninsula or in Kittitas County:: Here is Why You May Want to focus on an Energy-Efficient Home [INFOGRAPHIC]
Some Highlights Since inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home. Energy prices have increased over the last year, so look for energy-efficient features in your home search. If you’re looking to buy a home this year, connect with your real estate agent so you have a partner to help you consider which features are most Continue Reading about If you are shopping for a home on the Kitsap Peninsula or in Kittitas County:: Here is Why You May Want to focus on an Energy-Efficient Home [INFOGRAPHIC]
“U.S. home prices rose by 0.8% in February . . . indicating that prices in most markets have already bottomed out.”: Think Twice Before Waiting for Lower Home Prices
Take Away: A CoreLogic HPI Forecast indicates that home prices will increase on a year-over-year basis by 3.7% from February 2023 to February 2024. As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the Continue Reading about “U.S. home prices rose by 0.8% in February . . . indicating that prices in most markets have already bottomed out.”: Think Twice Before Waiting for Lower Home Prices
Homebuyer Activity Shows Signs of Warming Up for Spring
Your Takeaway: The best way to prepare to buy a home is to work with a trusted real estate professional who understands the process. They’ll help you navigate the costs you may encounter as you begin your homebuying journey. The spring season appears to be warming up in housing as more and more buyers enter the market. And after rising mortgage rates sidelined so many buyers last year, Continue Reading about Homebuyer Activity Shows Signs of Warming Up for Spring
Trying To Buy a Home? Hang in There.: There are some benefits to being a buyer in today’s market that gives you good reason to stick with your search!
Your Take Away Mortgage interest rates fell to the lowest point since February, as home prices also continue to decline. We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that give Continue Reading about Trying To Buy a Home? Hang in There.: There are some benefits to being a buyer in today’s market that gives you good reason to stick with your search!
