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Found 2348 entries about Buying A Home.

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.

You can find our full report in this week's housing market update. 

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

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When we think about buying a home, we often consider style, size and of course, location, etc. But what about the loan that you receive for your new home? How important is a mortgage rate? Money best explains just how important a mortgage rate is when buying a home. They explain that the rate on your mortgage can make a huge difference in how much home you can afford and what the size of your monthly payments will be during the life of the loan.

Money gives a great example to help consumers understand the price differences: 

If you bought a $250,000 home and made a 20% down payment — $50,000 — you would end up with a starting loan balance of $200,000. On a $200,000 home loan with a fixed rate for 30 years:

  • At 3% interest rate
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  •          Year-over-year inventory, pending sales, and closed sales all fell by double digits. Only prices rose – up 17.4% overall!
  •          We will experience strong demand and very active home sales in 2022
  •          Available inventory “Drastically low.”
  •          Smart buyers are making their best offers using pre-inspections, family support, bridge loans, leveraging 401(k) accounts, and other resources

KIRKLAND, Washington (January 6, 2022) – Severe shortages of inventory, record-low temperatures and snow restrained December housing activity around Washington state beyond expected seasonal slowdowns, according to a new report from Northwest Multiple Listing Service.

Summary statistics from the MLS show the volume of new listings

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Housing Inventory Grinch Means No Seasonal Holiday Slowdown for Area Housing Market

  •          Eastside and Southeast King County map areas, prices jumped more than 26% from a year ago
  •          King County inventory down 90% from 2010
  •          Overall prices rose a little more than 15%.
  •          Area wide inventory down 29% from a year ago
  •          Homes are coming off the market faster than they are coming on.

KIRKLAND, Washington (December 6, 2021) – Historically soggy weather and the onset of holidays did not deter thousands of buyers and sellers during November, based on the latest report from Northwest Multiple Listing Service. Numbers for new listings, pending sales, and closed sales were comparable to year-ago

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Housing Inventory Grinch Means No Seasonal Holiday Slowdown for Area Housing Market

  •          Eastside and Southeast King County map areas, prices jumped more than 26% from a year ago
  •          King County inventory down 90% from 2010
  •          Overall prices rose a little more than 15%.
  •          Area wide inventory down 29% from a year ago
  •          Homes are coming off the market faster than they are coming on.

KIRKLAND, Washington (December 6, 2021) – Historically soggy weather and the onset of holidays did not deter thousands of buyers and sellers during November, based on the latest report from Northwest Multiple Listing Service. Numbers for new listings, pending sales, and closed sales were comparable to year-ago totals,

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Owning a home may be your dream, but in order for the purchase to be the happy and satisfying experience it was meant to be, you need to ensure that you are financially and mentally prepared for the responsibilities that come with it.

 

Some people have a notion that home ownership is like renting, but with the power to have pets and paint the walls whatever color you like. However, while these privileges are available to homeowners in most municipalities, they come with the responsibilities of a mortgage, taxes and home maintenance.

 

 Search now for homes in the area

 

Questions for Prospective Homeowners

 

Are you ready to buy?

Owning your own home is about more than just being able to decorate any way you

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  •         Seattle area home prices are expected to increase by another 18% in 2022
  •         Mortgage rates are expected to climb to around 3.7%
  •         Buying NOW lets you lock in what’s going to be the best price of the year and also the best rate!

There’s a myth that the real estate market shuts down over the holidays and that it’s a terrible time to buy a home—because who wants to buy a home when you could be spending that time with family. You saw where we said “myth,” right? 

The truth is that buying a home over the holidays can yield you a great deal while minimizing the competition. Here’s what you need to know if you’re in the market now. 

Look past the sparkle

You’re going to see some inflatable Santas and lights galore.

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  •         Seattle area home prices are expected to increase by another 18% in 2022
  •         Mortgage rates are expected to climb to around 3.7%
  •         Buying NOW lets you lock in what’s going to be the best price of the year and also the best rate!

There’s a myth that the real estate market shuts down over the holidays and that it’s a terrible time to buy a home—because who wants to buy a home when you could be spending that time with family. You saw where we said “myth,” right? 

The truth is that buying a home over the holidays can yield you a great deal while minimizing the competition. Here’s what you need to know if you’re in the market now. 

Look past the sparkle

You’re going to see some inflatable Santas and lights galore.

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There’s no denying the financial benefits of homeownership, but what’s often overlooked are the feelings of gratitude, security, pride, and comfort we get from owning a home. This year, those emotions are stronger than ever. We’ve lived through a time that has truly changed our needs and who we are, and as a result, homeownership has a whole new meaning for many of us.

According to the 2021 State of the American Homeowner report by Unison:

“Last year, staying home became a necessity and that caused many homeowners to have renewed gratitude for the roof over their head.”

As a nation, we continue to work through the challenges of a pandemic that’s pushed us all to new limits. Over the past year and a half, we’ve spent more time than ever at

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Full service for a 1% listing fee*

 *plus buyer’s agent commission  (4% total Commission)

 

 

 

Founded in 2006, The Cascade Team is a full service real estate brokerage ready to assist you in selling your home or in purchasing a new one.

 

Our home marketing platform combines superior technology, marketing and customer service, delivering you an optimal experience.

 

I am committed to serving you throughout the real estate transaction and utilize the most advanced technology available.

 

I make my home in Monroe and love all the things that Snohomish County has to offer. I’m dedicated to giving my friends, neighbors and the local Snohomish County community simply outrageous service. Please give me

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