Help us Brighten a Child's Life!

We will be live collecting Crayons for Children's Hospital of Seattle this weekend at the following locations:

Saturday, April 29, 2023

Klahanie QFC 10am-2pm
4570 Klahanie Dr SE
Issaquah, WA 98029 

Kirkland Urban QFC 12pm-2pm
425 Urban Plaza Suite 100
Kirkland, WA 98033

Snoqualmie Ridge Safeway 10:00am-2pm
34828 SE Douglas St
Snoqualmie, WA 98065

Sunday, April 30, 2023

Kirkland Urban QFC 12pm-2pm
425 Urban Plaza Suite 100
Kirkland, WA 98033

Cottage Lake Safeway 12pm-3pm
19150 NE Woodinville Duvall Rd
Woodinville, WA 98077

Last Project Crayon Drive, we collected over 210,000 crayons and we would love to beat that amount this year!

Various crayon drives will be held on weekends throughout the…

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The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Said another way; A homeowner planning to relocate or downsize might find the higher costs related to higher mortgage rates too much of a hurdle to clear.

This is something I’ve never considered in my real estate career because we hadn’t had a period where mortgage rates moved up so quickly and then held higher for an extended period. But now this is a real risk.

For many Americans, homeownership became a reality during the years of ultra-low mortgage rates following the 2008 financial crisis, an environment that essentially lasted all the way up until the…

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Mortgage rates dropped further this week. The average rate on a 30-year fixed mortgage fell to 6.27% from 6.28% the previous week. With inflation moving closer to the Fed's 2% target, mortgage rates are expected to decrease further in the coming months, likely to be below 6% by year's end.

Meanwhile, these falling mortgage rates create opportunities for many buyers. A lower mortgage rate brings down the monthly payment for a home loan. If rates drop to 6%, 3.1 million more households will once again be able to afford to buy the median-priced home compared to the beginning of the year. And, 1 in 3 of these households are younger than 40. Last year, 1 in 5 mortgage purchase originations had a rate higher than 6%.

Some sellers are still striking…

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Although slightly, mortgage rates dropped further this week. The average rate on a 30-year fixed mortgage fell to 6.27% from 6.28% the previous week. With inflation moving closer to the Fed's 2% target, mortgage rates are expected to decrease further in the coming months, likely to be below 6% by year's end.

Meanwhile, these falling mortgage rates create opportunities for many buyers. A lower mortgage rate brings down the monthly payment for a home loan. If rates drop to 6%, 3.1 million more households will once again be able to afford to buy the median-priced home compared to the beginning of the year. And, 1 in 3 of these households are younger than 40. Last year, 1 in 5 mortgage purchase originations had a rate higher than 6%.

Some sellers…

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The average long-term U.S. mortgage rate fell for the fourth consecutive week and has dropped more than three-quarters of a point since hitting a 20-year high last month. This fourth week in a row of declines is leaving prospective buyers hopeful for sustained low rates throughout spring homebuying season.

Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate dipped to 6.33% from 6.49% last week. A year ago, the average rate was 3.1%.

The average long-term rate sat at 7.08% in early November but has since had the steepest 4-week decline since 2008.

“Though week-to-week rate changes can move up and down, the longer-term prospect on rates is for further improvement, with a clear possibility of going under…

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  •  Inventory in the King, Snohomish and Pierce counties region grew over 14% from February.
  •          March had “good sales activity on well-priced homes.
  •          Pending sales jumped more than 14.5% from February,
  •          Prices overall were down about 7.5% from a year ago.
  •          All signs point toward a rather unusual market through the end of 2023.
  •         Lowering prices, lowering interest rates, and longer days on the market signal some of the unpredictability of the current market.

KIRKLAND, Washington (April 6, 2023) – Real estate brokers around Washington state say the market is moving in a positive direction with the spring market “finally showing up in March.”

Newly-released statistics from Northwest Multiple…

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The average long-term U.S. mortgage rate fell for the fourth consecutive week and has dropped more than three-quarters of a point since hitting a 20-year high last month. This fourth week in a row of declines is leaving prospective buyers hopeful for sustained low rates throughout spring homebuying season.

Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate dipped to 6.33% from 6.49% last week. A year ago, the average rate was 3.1%.

The average long-term rate sat at 7.08% in early November but has since had the steepest 4-week decline since 2008.

“Though week-to-week rate changes can move up and down, the longer-term prospect on rates is for further improvement, with a clear possibility of going under…

2524 Views, 0 Comments

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  •          Inventory in the King, Snohomish and Pierce counties region grew over 14% from February.
  •          March had “good sales activity on well-priced homes.
  •          Pending sales jumped more than 14.5% from February,
  •          Prices overall were down about 7.5% from a year ago.
  •          All signs point toward a rather unusual market through the end of 2023.
  •         Lowering prices, lowering interest rates, and longer days on the market signal some of the unpredictability of the current market.

KIRKLAND, Washington (April 6, 2023) – Real estate brokers around Washington state say the market is moving in a positive direction with the spring market “finally showing up in March.”

Newly-released statistics from Northwest…

2357 Views, 0 Comments

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