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Home Knowledge What Are the Benefits of a 20% Down Payment?   If you’re thinking of buying a home this year, you may be wondering how much money you need to come up with for your down payment. Many people may think it’s 20% of the loan to secure a mortgage. While there are plenty of lower down payment options available for qualified buyers who don’t want to […]
Economy Will Low Mortgage Rates Continue through 2021?   With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting: “The average 30-year fixed-rate mortgage hit a record low over a dozen times in 2020 and the low interest rate environment is projected to […]
Home Knowledge 3 Ways You’ll Win When You Buy a Home This Year There are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If you’re a first-time homebuyer, having a home of your own can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a […]
Economy 3 Reasons We’re Definitely Not in a Housing Bubble   Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. […]
Video Blogs Weekly Video: February 3rd
Home Knowledge What’s the Difference between an Appraisal and a Home Inspection?   If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the […]
Economy What Experts Are Saying about the 2021 Job Market   Earlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of income. However, we need to give it some context. Greg Ip, Chief Economics Commentator at the Wall Street Journal (WSJ), explains: “The […]
Market Advice Eastside Market Seasonality   Our market has seasonal fluctuations, and we are in the crazy part of the cycle right now in January. What happens is January 1st, buyers want to buy and sellers want to sell. A buyer can simply jump online, or in the car, to start shopping; whereas, it takes a seller 4 to 6 […]
Uncategorized Eastside Market Update Inventory is at a historic low, which is very challenging for buyers. The saving grace is that interest rates are also historically low. Prices are up a staggering 17%, but with the low interest rates monthly payments have only increased 3%. For most buyers, it’s all about monthly payment because you live in the payment […]
Market Advice Why Not to Wait Until Spring to Make a Move   The housing market recovery coming into the new year has been nothing short of remarkable. Many experts agree the turnaround from the nation’s economic pause is playing out extremely well for real estate, and the current market conditions are truly making this winter an ideal time to make a move. Here’s a dive into […]
Economy 3 Reasons to Be Optimistic about Real Estate in 2021   This year will be remembered for many reasons, and optimism is one thing that’s been in short supply since the spring. We’re experiencing a global pandemic, social unrest, an economic downturn, and natural disasters, just to name a few. The challenges brought on by the health crisis have also forced many homeowners to reevaluate […]
Economy An Honest Look at Unemployment Numbers   Last Friday, the Bureau of Labor Statistics released the November Jobs Report. It revealed that, though headed in the right direction, the nation’s job recovery has slowed. The consensus reaction is best exemplified by a quote from Glassdoor Senior Economist, Daniel Zhao: “We saw positive job gains, but I think the sentiment is largely negative because we know that we’re heading […]