•          High mortgage rates make it difficult for prospective homebuyers to enter the market.
  •          Mortgage rates could decline if the Federal Reserve cuts interest rates next year.
  •          Here are nine projections from experts on when the Fed's first-rate cut will come.

High mortgage rates have effectively frozen the US housing market. And while lower rates could be on the horizon, Americans might have to wait awhile.

The average rate for a 30-year fixed-rate mortgage is over 7.4%, up from roughly 3% at the beginning of 2022. This has deterred prospective first-time homebuyers from taking the plunge and made existing homeowners reluctant to sell their homes and buy another — they'd rather stick with the super low rates they…

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This is a great time to purchase a home, less competition from other buyers plus there may be  more seller incentives. Contact me to discuss!

Current market conditions for September 2023:

“For the best possible outcome, we’d first need to see inventories of homes for sale turn considerably higher,” Gumbinger says. “This additional inventory, in turn, would ease the upward pressure on home prices, leveling them off or perhaps helping them to settle back somewhat from peak or near-peak levels.” And, of course, interest rates would need to cool off. But Gumbinger says don’t hope they cool too quickly. Rapidly falling rates could create a surge of demand that wipes away any inventory gains, causing home prices to rebound.

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Reaching retirement is a significant milestone in life, bringing with it a lot of change and new opportunities. As the door to this exciting chapter opens, one thing you may be considering is selling your house and finding a home better suited for your evolving needs.

Fortunately, you may be in a better position to make a move than you realize. Here are a few reasons why.

Consider How Long You’ve Been in Your Home

From 1985 to 2009, the average length of time homeowners stayed in their homes was roughly six years. But according to the National Association of Realtors (NAR), that number is higher today. Since 2010, the average home tenure is just over nine years (see graph below):

This means many homeowners have been living in their houses…

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In today's wild market, there are plenty of bad ideas on both sides of the buyer/seller equation. Here's how to correct those misconceptions so that everyone can get what they want.

The current market has buyers and sellers on pause. Interest rates have certainly put a damper on many would-be buyers and sellers’ plans. Depending on their budget, where they want to go or what kind of property they are looking for, inventory may be a concern, as well as insurance. 

Everyone seems to be in a state of flux. Many would-be buyers who are renting are continuing to do so, even though the landlord raised their rent, and while not ideal, they don’t know what else to do.

Sellers, despite being able to cash out and make some good equity, cannot make the…

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Some buyers think that to buy a home you have to put 20% down, but that's NOT THE CASE! The average down payment for First-Time Homebuyers is actually just 6%! Here’s a look at a comparison of the down payment some THINK you have to put down (20%) vs a more realistic down payment! Let’s chat if you’re ready to make the leap towards homeownership!


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Here is your August market update for Snoqualmie!

  • Average DOM- 8 days
  • Median Price- $1.05
  • New Listings-22
  • Months of supply- 1.3

If you need to relocate or starting a new adventure elsewhere, I am happy to help get your home ready to sell or help you find your new place to call home! Serving Snoqualmie and surrounding! 


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The real estate market in Gilbert and Mesa typically see steady appreciation in home prices, with typical seasonal fluctuations. For example, Spring and early Summer tend to be more active, while winter months are often slower. 

In June, the median sale price in the Gilbert and Mesa area saw signs of stabilization. The median sold price in June 2022 was $549,000, while this June, it declined slightly to $539,900, representing a decrease of 1.6%. The average days on the market are showing an upward trend. In June 2022, the days on market were 19, and in June 2023, they increased to 34, representing an increase of 44%. With the guidance and insight of a professional agent, who understands the market and its volital status, you can make sure your…

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Following months of encouraging signs that inflation was finally cooling, a new report showed that it ticked back up in July. With the benchmark interest rate already at a 22-year high and mortgage interest rates the highest they've been since 2000, many buyers may elect to sit on the sidelines and wait for the rate environment to improve. That said, there's no clear insight into when that improvement will actually take place. Nor do experts know how much rates will even fall. With this forecast unclear, it may still make sense for buyers to act now.

3 reasons why it's worth locking in a mortgage rate now.

There are multiple compelling reasons buyers may want to lock in a mortgage rate now. Here are three things to consider. 

Rates could go…

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Nailing the right offer price might be more affordable than you think! Here’s a look at how much the monthly payment increases or decreases when you raise or lower your offer! If you need an expert to help you craft the perfect deal for your dream home, let's chat over coffee!


Snow Headings, 253-244-1324

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