By Margaret Heidenry

Mortgage rates just jumped to their highest level in 20 years, averaging 7.09% for a 30-year fixed-rate home loan as of Aug. 17, according to Freddie Mac.

In addition to home loan rates hitting their highest levels in two decades, home prices edged upward for the week ending Aug. 12 compared with this same time period last year.

“For the third consecutive week, the median home listing price maintained a slight upward trajectory,” says Realtor.com® economic data manager Sabrina Speianu in her analysis.

Why record-high mortgage rates affect both homebuyers and sellers.

Record-high mortgage rates aren’t just weighing down buyers—they’re tethering sellers to their homes, too.

Speianu explains that most homeowners…

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price to sell, not to linger

Dangers of overpricing your house.

When you decide to sell your home, it is critical to set the right price.

A real estate agent can help guide you in determining a fair market value for your home, but it is important that you understand what are the risks of overpricing your house.

  1.        Longer time on the market: If a home is priced significantly higher than similar properties in the area, it may take longer to sell, causing the property to sit on the market for an extended period. Often this results in potential buyers becoming suspicious of its value, or wondering what is wrong with the house and discourage them from making an offer.
  2.        Decreased interest: Overpricing a home can lead to decreased…

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Here’s your market update for Puyallup, which includes Frederickson and South Hill! Inventory is slightly higher than last month and sale prices are steady. If you are looking for new construction, this is the place and you cannot beat those Rainier views! Puyallup is growing, any questions or for a CMA for your neighborhood just let me know! If you're ready to sell, I am very familiar with the area!

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KIRKLAND, Washington (August 7, 2023) –A downturn in the housing market was inevitable given higher mortgage rates, acknowledged broker Dick Beeson, but he and others who commented on the latest report from Northwest Multiple Listing Service noted some positives for both buyers and sellers.

The Northwest MLS statistics summarizing July activity for 26 counties in the report showed declines in listings, pending sales, closed sales and prices when compared to 12 months ago. The same metrics, which include single family homes and condominiums, were also down from June, with the exception of total active listings and months of inventory. Both showed slight month-over-month improvement.

 Buyers could choose from 10,982 active listings at the end of…

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House hunting in a desert.

Successfully buying in a low-inventory market.

We are experiencing a low inventory of homes for sale in the Phoenix area, as supply is below normal for this time of year, and there are more buyers than properties for sale.

Navigating the real estate market as a buyer when there is low inventory can be challenging, but there are strategies you can use to increase your chances of finding the right property:

  1.        Hire a good real estate agent: A good real estate agent will make your life 100% easier. They can help you navigate the market, provide you with inside information about new listings, and help you make competitive offers that stand out. And remember, all this experience comes free to you, as it is the…

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Here is your July market update for Snoqualmie!

23 new listings for July with a median days on market of 5 days. Median sale price is $1.2. The market in Snoqualmie is hot! If you love the mountains and the outdoors, this is the place for you!

Ready to make that move?

Snow Headings, 253-244-1324

Market update Snoqualmie

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If you’ve been looking for a new home for a while, don’t give up! We are anticipating interest rates to slowly decrease within the next 2 years. Also when rates do go down, there will be more competition to buy so is waiting worth it? There are programs out there that can help you get into a new home, DM or call me for more information! With low inventory and the right guidance on getting your home ready to sell, this is a great time to get your home sold with less home seller competition. This means if you have your home in show ready condition and in a desirable neighborhood, you may get multiple offers even in todays market! 


Any other questions or if you need help with your home search, or ready to list your home, feel free to contact me! …

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Story by Aarthi Swaminathan

Homeowner Marie Cantu, 35, lives just outside of Seattle, and has been looking to buy a single-family home outside of Boston to be closer to her family.

The mom-of-five has been “seriously looking” for three-bedroom homes for the last six months. Cantu is hoping to rent her home in Washington, and move roughly before the school year starts, so that her children can adjust better to the new neighborhood. Cantu, a stay-at-home mother, homeschools her children. 

Higher rates make housing more expensive — and less affordable — for aspiring homeowners. They have also been a major factor in keeping would-be home sellers out of the housing market.

On Wednesday, the U.S. Federal Reserve raised the benchmark rate by 25…

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Looking for a home in sought-after Palm Valley?

Make this house with a backyard oasis yours.

Welcome to this stunning home in Palm Valley, Goodyear, boasting 4 bedrooms, 3 bathrooms, a loft, and a generously sized bonus room with built-in bar. Step into the captivating open-concept main living area, highlighted by a spacious chef's kitchen. The kitchen features upgraded cabinets, granite countertops, a convenient R/O system, stainless steel appliances, pendant lighting, and an attractive tile backsplash. Discover ultimate comfort in the private primary bedroom, complete with custom separate walk-in closets, providing ample storage space. Enjoy serene moments on the balcony, accessible from the primary bedroom. The upstairs loft adds versatility to…

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We all want the highest price when selling our home, yet pricing your home to sell in today's market is crucial to get your home sold quickly. Although there is low inventory, interest rates are higher and some buyers have limited buying power now.

Call or message me with any questions! Snow Headings 253-244-1324

Sellers tip


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