After inventory and affordability challenges in 2018, prospective home buyers may have better chances of scoring a property this year. Affordability will remain an issue in some high-priced markets, says realtor.com® Chief Economist Danielle Hale, but overall, the national market is looking brighter for buyers who have stayed on the sidelines. Here’s why.
More homes are for sale. For the last few years, a limited number of listings has given buyers fewer choices. But housing experts predict more robust inventory this year. “For buyers, there is going to be more inventory, so that’s a bright spot,” Hale says. “The downside of that bright spot is it might not be in their price range.” The supply of homes for sale under $300,000 may not grow
It sounds like the only question for this weekend will be are there six inches, 8 inches, or a foot of blowing snow and frigid temperatures! But no matter what this weekend storm brings to Puget Sound, cities around the region say they are making special plans to make sure everyone, pedestrian to drivers to firefighters, can get around safely.
Here are the published routes for snow and ice removal and plowing from the City of Sammamish!
Sammamish
Sammamish has a plowing priority system in place to clear our 400 miles of road. The plowing time required depends on several variables such as the snowstorm intensity, duration, wind, and the temperature. The Snow and Ice Route Map can be found here.
KIRKLAND, Washington (February 7, 2019) – Homebuyers around Washington state are making their way back to the market, hoping to take advantage of improving inventory, attractive interest rates, and more approachable sellers, according to officials with Northwest Multiple Listing Service.
Northwest MLS statistics for January show year-over-year improvement in the volume of new listings and total inventory, along with moderating selling prices. Although fewer pending sales (mutually accepted offers) were reported than a year ago (down about 3.3 percent), January was the smallest yearover- year decline since May 2018 when the drop was about 2.7 percent.
Commenting on the MLS statistics summarizing last month’s activity, broker Gary O’Leyar said January’s
Although consumer confidence seemed low in January with only 15 closed sales in Snoqualmie, and 20 in North Bend in what I feel is mainly due to the government shutdown; the market looking strong for sellers and buyers!
The Federal Open Market Committee (FOMC) voted to leave policy rates unchanged earlier this week during what was one of only eight regularly scheduled meeting the FOMC holds per year. Signaling that we may not see any further rate hikes this year.
Rates are still low by historical standards! Purchasing a home 10 or more years ago, chances are we were paying a much higher rate. Keep in mind we are still continuing trade talks with China and March 1st is the deadline for an agreement. However, with rates
Some real estate showing may be delayed today as the area experiences the first significant snowfall of the season. We've already seen 2 Feet of Snow covering some local sidewalks!
Stay tuned for more weather and all Real Estate related subjects here!
In today’s changing market, there’s more to a successful
closing than just getting the offer accepted. Make sure you have an
agent capable of guiding you from start to close!
Once you've made an offer on a home and all contingencies have been met by both parties, closing on the property becomes final. Closing costs are generally 4% of your loan amount, but this can vary. To help you get a sense of what's left to be done, here are 10 steps involved in closing the deal:
Draw up a purchase offer with detailed contingencies in place
Seller accepts the deal or counteroffers with contingencies and price changes of their own
Submit your deposit, also known as "earnest money"
It may feel as if the housing recovery is slowing to certain finality, but its overall health is still improving. Existing home sales have been declining monthly and new homes starts have fallen flat – but year over year, the local housing market is still showing growth. As we see areawide increases in price cuts and accessibility begins to improve, the market will continue to strengthen as affordability constraints ease up, even as mortgage rates continue to rise.
The Transition to a Buyer’s Market
Surges in both mortgage rates and demand, coupled with a lack of supply, brought steady hikes in sale prices in 2018. While 2019 will continue to bring healthy growth, home value increases will stabilize, making
Courage is refined, renewed and revealed in ordinary everyday living. Courage is never the preserve of the heroes or the powerful. The choice to choose courage for daily living is life-altering. How about choosing the word “courage” as your daily word for 2018?
Now is the time to start setting the “Table” for your real estate business for 2018. At the Cascade Team we will show you step-by-step exactly what our top performers do to get to the positions they are at. Unlike at other companies, The Cascade Team will help you develop a business plan, implement it, and help hold you accountable to reaching the results and goals you set for yourself!
Our past "Rookie Of The Year" never had a real estate license before joining The Cascade Team and
Buying or selling a home is a life-cycle event. Like a wedding, birth, death or divorce, it is one of the profound transformational experiences a person undergoes. With those better-known milestone occasions, a family or individual is often guided by a trained professional, with specific expertise and comfort with ritual officiation, the process of grieving, or the path toward celebration. So too when one engages in Real Estate, it is favorable for people to employ the services of a licensed broker, who is especially caring, competent & confidential in serving the best interests of clients. Purchasing a house is much more than a brick-and-mortar matter - it is creating a safe and enjoyable place for you and your loved ones; and marketing that home
KIRKLAND, Washington (February 7, 2019) – Homebuyers around Washington state are making their
