Key Takeaway for your Realestate Journey If you haven’t looked at newly built homes as part of your search, you may have been cutting your pool of options by a third. Not to mention, some builders are also offering incentives like buying down mortgage rates to make it easier for buyers to get a home […]
MyAroundTown Real Estate Insider
The Real Estate Journey in Kittitas County or the Kitsap Peninsula: How Affordability and Remote Work Are Changing Where People Live
KEY TAKEAWAY: “People start to reconsider where they want to live when commute times are slashed in half or eliminated altogether. If they have a longer commute but don’t have to do it daily, they may feel like they can tolerate living farther away from their job. Or, if someone works entirely remotely, they can […]
Builders arn't overbuilding... they are "Catching Up".: Not a Crash: 3 Graphs That Show How Today’s Inventory Differs from 2008
Realestate Insight Takeaway for You… For the market (and home prices) to crash, there would have to be too many houses for sale, but the data doesn’t show that’s happening. Right now, there’s an undersupply, not an oversupply like the last time – and that’s true even with the inventory growth we’ve seen this year. […]
Home Prices Aren’t Declining, But Headlines Might Make You Think They Are: Homeowners Gained $28K in Equity over the Past Year~
Key Takeaway If you own a home, your net worth has probably gone up a lot over the past year. Home prices have been rising, which means you’re building equity much faster than you might think. Here’s how it works. Equity is the current value of your home minus what you owe on the […]
Focus on Time in the Market, Not Timing the Market
Should you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered. If you’re able to buy at today’s rates and prices, it may […]
With inventory as tight as it is today, price moderation is much more likely in upcoming months than price declines.: Home Prices Aren’t Declining, But Headlines Might Make You Think They Are~
Key Takeaway Many Buyer budgets are strained by higher mortgage rates, so sellers need to adjust. And that’s what’s happening right now. If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify. Here’s what’s really happening with prices. The bottom […]
Late spring and early summer are the busiest and most competitive time of year for the real estate market.: What To Expect if You Buy or Sell a Home This June~
KEY TAKE AWAY: If your house shows well and is listed at market value, you could see your house sell faster or for a higher price. According to the National Association of Realtors (NAR): June is a busy month in the housing market because a lot of people buy and sell this time of year. […]
Focus on what monthly payment you can afford rather than fixating on the maximum loan amount you qualify for: The Biggest Mistakes Buyers Are Making Today~
Key Takeaway: Instead of being strict with all your criteria, identify some home features you can be more flexible with and keep an open mind while homebuying. That way, you won’t pass up a great property just because it isn’t perfect. Buyers face challenges in any market– and today’s is no different. With higher mortgage […]