January, 2022 RSS Icon
Found 23 entries for January, 2022.

House hunting is fraught with frustration and challenges. Keep these quotes in mind to keep you sane.

Wildly competitive open houses, sky-high prices, and ever-escalating offers: there is a terrible lot to contend with when finding a new place to live.

But there’s also no other process that deserves your time and attention, like discovering a new place to call your own. Here are seven quotes that will help keep you sane during the emotional marathon that is the home search.

 “Home is the nicest word there is.” — Laura Ingalls Wilder Looking for a new home is a lot of work, but it’s important to remember that, ultimately, this needs to be a place that makes you happy.

“It is not the beauty of a building you should look at; it’s the…
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For a certain number of months last year, lumber had skyrocketed. Primarily from lack of supply resulting in a huge shortage in lumber, evan home projects impacted. While people worked from home at the start of the Covid-19 pandemic, people found themselves doing home projects more. This resulted in an even larger impact on lumber supply and prices. Insider mentions just how much lumber was in 2021:

 

In 2021, lumber prices soared as much as 142% to a record high of $1,733 per thousand board feet due to strong demand for the essential building material and supply chain disruptions related to the pandemic, wild fires, and flooding in Canadian timberlands. Lumber prices eventually cooled off considerably, falling as much as 75% to just $452

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As a homebuyer in today’s market, you’re no doubt at your wit’s end trying to find your dream home. And when you find a home you love,  you’re competing with all-cash offers and bidding wars, driving the sales price above what it’s listed for, and many times, even above what the home is actually worth! While there is nothing you can do to create more homes for sale, you can certainly arm yourself by understanding the trends and patterns in the areas you’re trying to buy in. While it’s not quite rocket science, there is definitely a significant competitive advantage to those who understand the real estate market trends. Sometimes, being competitive means not looking in the most competitive price ranges in the most competitive markets.

 

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“That’s just not normal. That’s not a balanced market,” “It really is a crisis of housing inventory in our area,”

Those are just some of the adjectives being thrown about concerning the local Western Washington housing market.

Just two weeks ago we predicted that January would be a competitive month as buyers rush to find a home before mortgage rates climb—and that's exactly what we're seeing.

A quick search on Redfin shows many examples. This Kirkland home sold for $500,000 over asking. This house in Bellevue, listed at $1.5 million, sold for $2.4 million— about $900,000 over asking price.

By Deedee Sun, KIRO 7 News

 

SEATTLE — A wild housing market is forcing many Seattle-area home buyers to pay $300,000 to $500,000 over

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“That’s just not normal. That’s not a balanced market,” “It really is a crisis of housing inventory in our area,”

Those are just some of the adjectives being thrown about concerning the local Western Washington housing market.

Just two weeks ago we predicted that January would be a competitive month as buyers rush to find a home before mortgage rates climb—and that's exactly what we're seeing.

A quick search on Redfin shows many examples. This Kirkland home sold for $500,000 over asking. This house in Bellevue, listed at $1.5 million, sold for $2.4 million— about $900,000 over asking price.

By Deedee Sun, KIRO 7 News

SEATTLE — A wild housing market is forcing many Seattle-area home buyers to pay $300,000 to $500,000 over asking

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Get Ready for Another Hot Year in Arizona Real Estate 

Despite enduring yet another unusual year, the Arizona real estate industry has remained strong. The Grand Canyon State continues to grow, no matter what challenges it faces. 
With high demand, limited inventory, and rapidly rising home sale prices, real estate agents across Arizona should gear up for another booming year.

2022 Arizona Real Estate Outlook: Hot

In October 2021, the average home in Arizona was priced at $396,235, a 31.5% increase year-over-year (YoY). There’s little sign of prices stalling, though, as Zillow predicts this figure will rise another 12.7% within the next year. While home prices rose, the number of homes for sale statewide decreased by 21.5%  year-over-year as of

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Buyers Pour into the Housing Market Amidst Rising Mortgage Rates 

 Just two weeks ago, we predicted that January would be a competitive month as buyers rush to find a home before mortgage rates climb—and that's exactly what we're seeing.

Prices surged last week 16% over 2021, kicking off what could be the most competitive month in housing history.

Projections are homes listed by March, and closing in April will see the maximum number of bidding wars and escalating prices.

According to NWMLS, despite historically low inventory levels, home sales in the Central Puget Sound region increased to levels not seen since 2006, with Pierce and Kitsap counties seeing the most sales ever. Mortgage rates were historically low, and the ongoing

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What Is The Difference Between A Denver Home Warranty and Homeowners Insurance

When purchasing a new home, it’s important to do in-depth research on all facets of the home buying process. One thing you’ll need to understand is how to best protect yourself and your investment if anything were to go wrong. Check out the information on home insurance versus home warranty below to educate yourself on your options.

Home Insurance

Homeowners insurance pays for any accidental damages and loss that are caused by fire, lightning strikes, windstorms, and hail, however, damage from earthquakes and floods is typically not covered. It also covers the replacement of personal property in case of theft or damage and liability if a person were to get injured in

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Buyers Pour into the Housing Market Amidst Rising Mortgage Rates

Just two weeks ago we predicted that January would be a competitive month as buyers rush to find a home before mortgage rates climb—and that's exactly what we're seeing.

Prices surged last week 16% over 2021, kicking off what could be the most competitive month in housing history.

Projections are homes listed by March and closing in April will see the maximum number of bidding wars and escalating prices. 

According to NWMLS, despite historically low inventory levels, home sales in the Central Puget Sound region increased to levels not seen since 2006, with Pierce and Kitsap counties seeing the most sales ever. Mortgage rates were historically low, and the ongoing pandemic drew a

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Things You Can Do To Get Ready For Retirement In Denver

For most people, retirement feels like a long way off. But, if you don’t start preparing as early as possible, you may find yourself in a place of financial insecurity when the time does come. To avoid this, consider implementing the following tips.

  1. Calculate your target savings. In general, it’s recommended that you save between 10 to 15 percent of your income for retirement. However, you can always use an online savings calculator to determine the amount you need to save for your specific needs and goals.
  2. Contribute to your employer’s retirement savings plan. Does your job offer a 401(k), traditional IRA, or Roth IRA? Sign up and start saving as soon as they allow you to. It’s
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