Home Knowledge Leverage Your Equity When You Sell Your House One of the benefits of being a homeowner is that you build equity over time. By selling your house, that equity can be used toward purchasing your next home. But before you can put it to use, you should understand exactly what equity is and how it grows. Bankrate explains it like this: “Home equity […]
Video Blogs Weekly Update – March 22nd
Market Advice March Eastside Stats The shocking year-over-year number has arrived: prices are down 21%. Not to sound like a broken record, but remember the drop occurred between the April 2022 peak ($1.7M) to August 2022 ($1.35M). Since August, prices have flattened, dipped a bit in the 4th quarter, and then up 2% for 2 consecutive months in 2023. Additionally, […]
Market Advice What Buyer Activity Tells Us About the Housing Market Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News: “Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.” That activity can […]
Uncategorized Weekly Update – March 15th
Uncategorized Weekly Update – March 9th
Home Knowledge An Expert Makes All the Difference When You Sell Your House If you’re thinking of selling your house, it’s important to work with someone who understands how the market is changing and what it means for you. Here are five reasons working with a professional can ensure you’ll get the most out of your sale. 1. They’re Experts on Market Trends With today’s housing market defined by change, […]
Video Blogs Weekly Update – March 2nd
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Home Knowledge Checklist for Selling Your House This Spring Some Highlights As you get ready to sell your house, there are specific things you can add to your to-do list. These include decluttering, taking down personal photos and items, and power washing outdoor surfaces. Let’s connect so you have advice on what you may want to do to get your house ready to sell this season.
Video Blogs Weekly Update – February 24th
Market Advice The Two Big Issues the Housing Market’s Facing Right Now The Two Big Issues the Housing Market’s Facing Right Now The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” […]
Uncategorized Weekly Update- February 15th
Market Advice February Eastside Stats Median pricing crept-up 2% since last month but is down 13% year-over-year. (Note, year-over-year deprecation will continue through June or July.) Interestingly, King County’s year-over-year pricing is flat and Seattle is up 2%, (but, they both will have depreciation next month). Making an analogy, the Eastside was an intense roller coaster like California Screaming/Incredicoaster; whereas, […]
Video Blogs Weekly Update- February 8th
Economy Experts Forecast a Turnaround in the Housing Market in 2023   The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year. Now, as we move through 2023, there are signs things are finally going to turn around. Home price appreciation is slowing from the recent frenzy, mortgage rates are coming down, inflation is easing, […]
Video Blogs Weekly Update February 2nd
Real Estate Forecast Why You Shouldn’t Fear Today’s Foreclosure Headlines If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is […]
Video Blogs Weekly Update – January 25th
Economy Have Home Values Hit Bottom? Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008. One of the questions that’s on many minds, based on […]
Market Advice January Eastside Stats Stats this time of the year are always a bit wonky, as there aren’t many new listings and many homes expire/cancel, so the data isn’t ‘typical’. New and pending sales were about equal, but several listings expired/cancelled (many of these will be relisted), so inventory went down. Lower inventory is good for sellers but not […]