Come and see me this weekend for an open house ins Snoqulmie Ridge from 1pm-3pm  -  Spectacular 5 bedroom home with mountain views in highly sought after Eagle Point. Main floor features bedroom and adjacent tile bathroom with shower which is the perfect place for guests. Wood floors, custom paint, wainscoting, and oversized windows are just a few features you will love about this stunning home. Family room with gas fireplace leads you to the chef's dream kitchen with oversized island, quartz counters, gas cooktop, and large pantry. Unique planning center with closet is the perfect work from home space. Upstairs you will find a spacious loft with built ins, 3 large secondary bedrooms with walk in closets and laundry with sink. Tranquil primary…

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Weekly Review
Newsletter - 02/27/2023

Week of February 20, 2023 in Review

Sales of new homes and consumer inflation were both hotter than expected in January. Plus find out what the latest data on Existing Home Sales says about inventory and the demand for homes.

  • Consumer Inflation Higher Than Expected
  • More to Existing Home Sales Data Than Meets the Eye
  • New Home Sales Jumped Higher in January
  • What Jobless Claims Data Suggests for Workers and Job Seekers
  • Recession Signal Flashing

Consumer Inflation Higher Than Expected

The Fed’s favorite measure of inflation, Personal Consumption Expenditures (PCE), showed that headline inflation increased 0.6% in January, while the year-over-year reading rose from an upwardly revised 5.3%…

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POWER BALANCE IS SHIFTING IN FAVOR OF BUYERS.

  • Prices are dropping at the fastest rate in 5 years.
  •          Existing-home sales fell for the twelfth straight month in January, with year-over-year sales falling 37%, the biggest decline since 2010.
  •          Seattle posted the second-highest decrease in close-to-list price ratio of any metro area in the U.S. last month.
  •          Sellers are paying for rate buy-downs.
  •          Sellers are offering concessions.
  •          Inspection and other key contingencies are back in play.
  •          Many buyers are negotiating a combination of (Lower offering price, Seller Rate Buy-Downs, AND still including Inspection and other contingencies)

The housing market today remains in a hazy no…

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Hard lessons from the Zillow fiasco: Why Zillow and Redfin pricing is wrong, and how homebuyers and sellers can avoid the same mistake when pricing a property in 2023

Key Takeaways

  • The Redfin Estimate and the Zillow Zestimate calculate a home’s market value by using publicly available information and user-submitted data.
  • Both tools are often used by buyers when shopping for a home.
  • Redfin’s median error rate is 2.28% for on-market homes, while Zillow’s is 1.9%, according to the two companies as of this writing.
  • Neither home value estimator can or should replace a professional appraisal.

If you’ve ever wondered what you could get for your home, you probably pulled up the real estate listing site Zillow to check its Zestimate or…

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Spectacular 5 bedroom home with mountain views in highly sought after Eagle Point. Main floor features bedroom and adjacent tile bathroom with shower which is the perfect place for guests. Wood floors, custom paint, wainscoting, and oversized windows are just a few features you will love about this stunning home. Family room with gas fireplace leads you to the chef's dream kitchen with oversized island, quartz counters, gas cooktop, and large pantry. Unique planning center with closet is the perfect work from home space. Upstairs you will find a spacious loft with built ins, 3 large secondary bedrooms with walk in closets and laundry with sink. Tranquil primary retreat with tiled 5 piece bath and jetted tub with large walk in closet. Relax and sip…

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First-time homebuyers already feeling the pinch of inflation could catch a break after a recent action that will trim mortgage insurance premiums on federally backed loans. 

Loans secured with the backing of the Federal Housing Administration (FHA) typically enable buyers who are otherwise unable to afford a home to compete in the market without putting up a hefty down payment of at least 20 percent.

“A lower mortgage insurance premium on FHA loans is good news for buyers, especially those buying their first homes and with less-than-perfect credit,” Zillow Senior Economist Nicole Bachaud told The Hill.  

“As most mortgage buyers put down less than 20 percent, mortgage insurance is typically an expensive addition to their monthly payments that can…

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Today’s housing market has everyone wondering: Is it still a seller’s market, or has the power dynamic finally shifted in favor of buyers?

Try neither.

Uncertainty about the future of inflation, the economy, mortgage rates, and more have seized up the market—and wrenched power away from buyers and sellers alike.

“Today, real estate is ‘nobody’s market,'” notes Realtor.com® Chief Economist Danielle Hale in her analysis of housing data. “The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to climb, reflecting still-hesitant buyers.”

The real estate game is at a stalemate that shows no signs of budging anytime soon, with neither buyers nor sellers willing to make the first move.

Buyers…

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  Good Morning, 

Are you considering purchasing a home in the near future? If so, your timing is impeccable and I would love to help with your house hunting needs. Below are a few key tips to get started when looking for homes. I know it might be feel like a marathon, but I promise to make it fun, exciting, educational and productive!


1. First, schedule an appointment with me to go over criteria for what you desire in a home, discuss budget and lender options,  explore areas of interest and proximity to work, play and people that you would like to be near in your new home. It is important to consider your home as your hub for all of the activities you like to do and not just being close to where you work. "Home is where the heart is."

2. I will…

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  • Prices are dropping at the fastest rate in 5 years.
  •          Existing-home sales fell for the twelfth straight month in January, with year-over-year sales falling 37%, the biggest decline since 2010.
  •          Seattle posted the second-highest decrease in close-to-list price ratio of any metro area in the U.S. last month.
  •          Sellers are paying for rate buy-downs.
  •          Sellers are offering concessions.
  •          Inspection and other key contingencies are back in play.
  •          Many buyers are negotiating a combination of (Lower offering price, Seller Rate Buy-Downs, AND still including Inspection and other contingencies)

The housing market today remains in a hazy no man’s land, with neither buyer nor seller willing to…

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Weekly Review
Newsletter - 02/21/2023

Week of February 13, 2023 in Review

Home construction slowed in January, but rising confidence among home builders this year is an encouraging sign. Also encouraging is the continued decline in the annual rate of inflation, although the drop was less than expected last month. Read on for these stories:

  • Mild Progress on Consumer Inflation
  • Wholesale Inflation Hotter Than Expected
  • Household Formations Continue to Outpace Completions
  • Builder Confidence Rose for Second Straight Month
  • Continuing Jobless Claims Continue to Creep Higher
  • Was the Rebound in Retail Sales an Anomaly?

Mild Progress on Consumer Inflation

The Consumer Price Index (CPI), which measures inflation on the consumer…

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