Finance

Active listing Why the Housing Market Is a Powerful Economic Driver With businesses starting to slowly open back up again in some parts of the country, it’s important to understand how housing can have a major impact on the recovery of the U.S. economy. As we’ve mentioned before, buying a home is a driving financial force in this process. Today, many analysts believe one of the first things […]
Active listing Uncertainty Abounds in the Search for Economic Recovery Timetable Earlier this week, we discussed how most projections from financial institutions are calling for a quick V-shaped recovery from this economic downturn, and there’s research on previous post-pandemic recoveries to support that expectation. In addition, we noted how there are some in the business community who believe we may instead be headed for a U-shaped recovery, where […]
Active listing 10 Steps to Buying a Home [INFOGRAPHIC]   Some Highlights: If you’re thinking of buying a home and you’re not sure where to start, you’re not alone. Here’s a guide with 10 simple steps to follow in the homebuying process. Be sure to work with a trusted real estate professional to find out the specifics of what to do in your local […]
Active listing Existing-Home Sales Report Indicates Now Is a Great Time to Sell Based on the current state of the market, trends are shifting in favor of sellers. If you are going to sell, now may be the time to take advantage of the number of buyers who are searching for their dream home.   The best time to sell anything is when demand for that item is […]
Active listing You Need More Than a Guide. You Need a Sherpa. In today’s world, hiring an agent who has a finger on the pulse of the market will make your buying or selling experience an educated one.   In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate the process. You need someone you can […]
Active listing What You Need to Know About the Mortgage Process [INFOGRAPHIC] Some Highlights: Many buyers are purchasing homes with down payments as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Your local professionals are here to help you determine how much you can afford, so take advantage of the opportunity to learn more. Ted Mansfield || Broker, […]
Buying a home Homeownership is the Top Contributor to Your Net Worth tly two U.S. Census Bureau researchers released their findings on the biggest determinants of household wealth. What they found may help shape your view on building your family’s net worth. Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of […]
Buying a home August Home Sales Statistics for the Eastside – August 2019 Click the following link for a pdf with all the stats you could imagine on Home and Condominium Sales on the Eastside (Redmond, Kirkland, Bellevue, Issaquah, Sammamish, etc.) EASTSIDE Residential And Condo PDF Link  
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Buying a home Mortgage Interest Rates are Still Going Up… Should You Wait to Buy? Mortgage interest rates, as reported by Freddie Mac, have increased by close to a quarter of a percent over the last several weeks. Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors are all calling for mortgage rates to rise another quarter of a percent by next year. In addition to the predictions from the four major reporting agencies mentioned […]
Buying a home Dispelling the Myth About Home Affordability We have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even the last […]
Active listing Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised! Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised! CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation. “U.S homeowners with mortgages (roughly […]
Buying a home The relation between interest rates and your purchasing power Hoe does interest affect home buying power? We all know that higher interest means higher payments. But what does that mean in real world numbers? The following infographic shows just that. A 1 point jump in interest basically means 10% less house when looking at a $700,000 house. The highlighted numbers in the table show […]
Buying a home 5 Reasons to Love Using A Real Estate Pro [INFOGRAPHIC]   Highlights: Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make! They are there for you to help with paperwork, understanding the process, negotiations, and helping you with pricing (both when making an offer or setting […]
Finance Where Are Mortgage Interest Rates Headed in 2018? The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic […]
Buying a home Bidding wars – how long will they continue? Bidding Wars Abound… How Long Will They Continue? Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is […]
Finance Eastside Market Review Q1 2016 The lack of available homes for sale on the Eastside remains critical. Inventory, which traditionally increases in the spring, continued to shrink. As demand far outstripped supply, home prices on the Eastside overall increased by double-digits over the last year!  
Finance Solarize Bellevue program – back for 2015! The City of Bellevue has teamed up with GreenWA.org again this year for the Solarize Bellevue program. The program hopes to solarize 50 homes this year in Bellevue. The program partners with a solar installation contractor and utilizes the power of a group buy for the harddware, creating a savings of up to 20% off […]
Finance Eastside Market Review   The Eastside Market 2nd Quarter statistics are in and they're pretty amazing!  55% of houses listed sold ABOVE asking price in under 7 days! 20% sold at the listing price in just under 17 days Only 25% sold at under asking price The median price is up 6% to $640,000. This is the highest region in […]
Finance Eastside Market Update Here's a market update for June activity – records set. The trend we've been seeing continues – extremely low inventory and increasing prices. What's that mean? Sell now! It's an extremely strong seller's market. Does that mean wait to buy? Absolutely not. Prices keep going up, and with interest at such lows (and a potential […]
Finance Tips on Budgeting For a Home Purchase | Bankrate.com Now is the time to do it. Mortgages are typically lower than rent for the same property – in the Seattle Metro area, an average home purchase is 38% cheaper than the rent would be on the same property. You'll also be building equity for yourself rather than building your landlord's equity! Tips on Budgeting […]