YOUR TAKE AWAY: Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look […]
Great News About Housing Inventory [INFOGRAPHIC]
YOUR TAKEAWAY Active listings will grow 15.0% year-over-year as the inventory recovery accelerates in 2H 2022; higher home sales prices (+6.6%) and mortgage rates (to 5.5%) add to affordability issues Some Highlights Experts say the number of homes for sale is growing this year, and that can have a big impact on your move. If […]
Use this procedure to stay in front of the pack: Why Pre-approval Is a Game Changer for Home Buyers
Take Away: There are several benefits to getting pre-approved for a mortgage: It makes it easier to shop for a home. A pre-approval letter helps both you and your real estate agent better understand your price range. It shows you are a serious buyer. A pre-approval letter lets your real estate agent and the seller […]
No matter which side of Snoqualmie Pass you live on: Here are “Housing Market Forecasts” for the Second Half of 2022 by Experts
TAKE AWAY: The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, turn to the experts with us for projections […]
Is Homeownership Still the American Dream?
YOUR TAKE AWAY “Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity . . . Building equity in your home is a ready-made savings plan.” Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it […]
“It is a common misconception that homebuyer assistance is only available to first-time homebuyers,: Homeownership Could Be in Reach with Down Payment Assistance Programs
Take Away No matter where you are in your homeownership journey, there could be an option available for you. A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles […]
Price growth is key ingredient for creation of home equity wealth . . . has lead to largest one-year gain for owners: The Average Homeowner Gained $64K in Equity over the Past Year
Your Take Away: Home prices are forecast to continue appreciating because there are still fewer homes for sale than there are buyers in the market. That said, experts agree the pace of that appreciation should moderate – but home prices won’t fall. If you own a home, your net worth likely just got a big […]
The housing market is at a turning point. . . . We’re starting to see signs of a new direction,: Is the Housing Market Correcting?
Your Take Away If you’re thinking of buying or selling a house on the Kitsap Peninsula, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So… what does the rest of the year hold for the housing market? Here’s what experts […]