With the current state of the real estate market a little “unsettled” at the moment I have decided to branch out a little bit and join “Only Fans” to help augment my income.

I read on OnlyFans that upwards of 500 content creators have been paid more than $1 million on the site. So being in the entrepreneurial spirit, I said; “Why Not?”

Besides… I actually like fans…

Here are a few of my favorite jokes about fans…

1. Wind turbines are big fans of renewable energy.

2. We recently moved to a third-floor apartment with some ceiling fans. Now, I can certainly say that I have fans in high places.

3. My friend once loved all kinds of farm machinery. And now he's great at sucking all air out of any room. I guess he's now an ex-tractor…

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Weekly Review
Newsletter - 03/27/2023

Week of March 20, 2023 in Review

The Fed hiked its benchmark Fed Funds Rate despite ongoing turbulence in the banking sector, while both new and existing home sales beat expectations last month. Don’t miss these stories and more:

  • Fed Hikes Rates Another 25 Basis Points
  • Existing Home Sales Strong Despite Media Reports
  • Signed Contracts on New Homes Rise for Third Consecutive Month
  • Jobless Claims Reflect Tight Labor Market
  • Decline in Demand for Big-Ticket Items

Fed Hikes Rates Another 25 Basis Points

The Fed hiked its benchmark Fed Funds Rate by 25 basis points at its meeting last Wednesday – the ninth hike since last March, which brings it to a range of 4.75% to 5%. The Fed Funds Rate…

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  •       Mortgage Bankers Association (MBA): “Long-term rates have already peaked. We expect that 30-year mortgage rates will end 2023 at 5.2%.”
  •                   National Association of Realtors (NAR) senior economist and director of forecasting, Nadia Evangelou: “If inflation continues to slow down—and this is what we expect for 2023—mortgage rates may stabilize below 6% in 2023.”
  •                   Freddie Mac: Forecasts the average 30-year mortgage rate to start at 6.6% in Q1 2023 and end up at 6.2% in Q4 2023.
  •                   The average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily.
  •                   If rates continue to drop now, buyers could return to the housing market…

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Calling all sellers. Do you want a quick home sale at a higher price, even in this troubled real estate market? Then open your calendar to April, uncap a bright yellow marker, and highlight the week of April 2–9th. This seven-day stretch has been identified as the best week to list your home in 2023.

Just how much extra cash can a seller potentially pocket and how fast can a home go from a new listing to the closing table?

During the best week to list, home prices are expected to be $8,400 higher than the typical week—and a whopping $48,000 above where we estimate price to be only 30 days later during May of 2023. Real estate listings are expected to receive 16.4% more views than in the typical week.

When is the best time to sell?

And…

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  •                   Mortgage Bankers Association (MBA): “Long-term rates have already peaked. We expect that 30-year mortgage rates will end 2023 at 5.2%.”
  •                   National Association of Realtors (NAR) senior economist and director of forecasting, Nadia Evangelou: “If inflation continues to slow down—and this is what we expect for 2023—mortgage rates may stabilize below 6% in 2023.”
  •                   Freddie Mac: Forecasts the average 30-year mortgage rate to start at 6.6% in Q1 2023 and end up at 6.2% in Q4 2023.
  •                   The average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily.
  •                   If rates continue to drop now, buyers could return to the…

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Weekly Review
Newsletter - 03/13/2023

Week of March 6, 2023 in Review

A deeper look at labor sector data shows the job market may be weaker than the headlines suggest. Plus, the latest forecast on home price appreciation and the Fed’s vow regarding inflation:

  • Jobs Data Shows Cracks in the Labor Sector
  • Leisure and Hospitality Led the Way in Job Gains
  • Continuing Jobless Claims Match 14-Month High
  • Home Prices Still Forecasted to Appreciate This Year
  • Fed Vows to “Stay the Course” in Inflation Fight

Jobs Data Shows Cracks in the Labor Sector

The Bureau of Labor Statistics (BLS) reported that there were 311,000 jobs created in February. While this was stronger than estimates, revisions to the data from December and January…

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If you’re the type of homebuyer whose mood soars or plummets depending on the latest mortgage rates, then this week was a tough one.

Mortgage rates continued to climb this week, with the 30-year loan averaging 6.73%, Freddie Macreports. Rates began climbing more than a month ago and are now prompting concerns that they could again head back above 7%. This means today’s homebuyers will have to pay almost 50% more per month for home than they would have just a year earlier.

Still, economists are largely forecasting rates to trend downward in 2023, even if there are some blips ahead.

For now, “rates may rise further in subsequent weeks, depending on how strong other economic data is,” says Nadia Evangelou, senior economist and director of real…

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Happy Monday,

 I wanted to share some (really) exciting happenings-

  •       First and foremost, I was able to get some of our family friends signed around on this beautiful townhome in Suncadia (we are thrilled to have more neighbors that we love:)! There are some great deals to be had and this is one of them; I was able to negotiate all  the BEAUTIFUL furnishings (literally straight out of a magazine) and my clients got it for less than list price!! *Click the link to see this beautiful home and the stylish furnishings! https://hailey.thecascadeteam.com/listing/2040582-30-wildflower-loop-16-cle-elum-wa-98922/

  • Suncadia announced that they will open the Rope Rider Golf Course at the end of the month if conditions permit. Prospector…

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Seattle among cities likely to see big slump in housing prices.

Some of the biggest cities in the U.S. that became boom towns during the pandemic are set to see a drastic decline in home prices, according to Goldman Sachs analysts.

In a recent note to clients, the strategists warned that by the end of 2024, home prices are set to plunge by 19% in Austin, 16% in Phoenix, 15% in San Francisco and 12% in Seattle. That's because those four cities have seen large increases in inventory, and supply is now overwhelming demand.

"While overall levels of housing inventory remain tighter than pre-pandemic levels, some vulnerable metropolitan areas have seen supply increase rapidly. Unsurprisingly, our home price appreciation forecasts have been most…

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