5 common down payment misconceptions

Published Oct. 2015, www.housingwire.com Before you let the cost of a down payment get in the way of your homeownership dream, make sure you fully understand the options available to you. According to Down Payment Resource, consumers are motivated to buy, but the down payment continues to be a primary obstacle. “Most homebuyers don’t know to look for or ask about homeownership programs … [Read more...]

Possible Housing Slowdown? Scarce Inventory…

Published Oct. 2015, www.nwreporter.nwmls.com KIRKLAND, Washington (October 5, 2015) - Scarce inventory, new rules for mortgage closings and affordability concerns will likely slow home sales around Western Washington during the remaining months of 2015 and into early 2016, according to spokespersons from Northwest Multiple Listing Service. The latest statistics from the MLS show a … [Read more...]

Home Sales Nearing 8.5 Year High

Published Aug. 2015 by Reuters.com U.S. home resales rose to a near 8-1/2-year high in July and factory activity in the mid-Atlantic region picked up this month, fresh signs of steady economic growth that likely keeps the Federal Reserve on track to raise interest rates this year. While other data on Thursday showed a slight increase in the number of Americans filing new applications for … [Read more...]

Sizzling in the South Sound

  Published July 2015 by TacomaNewsTribune.com The South Sound housing market in June 2015 had just about everything an owner would ever want if they needed to sell.  Closed sales jumped more than 30 percent in Pierce and Thurston counties last month and median prices rose by 9 percent and 4 percent, respectively, according to single-family residential data released Monday by the … [Read more...]

Half of Seattle homes sell in 9 days or less!

Published July 2015 by BizJournals.com   June was a busy month for homebuyers in Seattle. More than half of all the homes that hit the market last month were sold within nine days, according to data released from Seattle online real estate brokerage Redfin. Denver was the only city that had homes sell faster – half of all homes went six days or less. Interestingly, Tacoma had a big … [Read more...]

Buyers Face Challenge from Limited Supply

By Alex Veiga and Josh Boak, KomoNews.com, May 11, 2015 Bidding wars have broken out in hot real-estate markets like Denver, Los Angeles and Seattle, where there aren’t enough houses to meet demand. The lack of supply is a key reason home sales nationwide have yet to return to healthy levels following the housing collapse in 2008. “Inventory is still fairly low in a lot of markets across … [Read more...]

Home Staging on a Budget

by Moshells.com, March 2015 When you show your home’s best features by staging it effectively, you help increase your final selling price without breaking the bank; in fact, on average, sellers receive $2 in increased sale price for every $1 they put into staging a home. The five golden rules are: De-personalize:  While your family photos are beautiful and your kids’ drawings on the fridge … [Read more...]

Washington is a Top Destination for Buyers

by NWREporter January 2015 Washington was a popular destination for relocating families during 2014, according to a study by Allied Van Lines, one of the world’s largest moving companies. The Evergreen State landed in 6th on Allied’s ranking of Most Inbound States. Texas retained top spot for the 10th consecutive year. Rounding out the top five were Florida (2nd), Arizona (3rd), South … [Read more...]

Limited Inventory Frustrates Homebuyers

By NWREporter, February 2015 Home sales this super bowl season outpaced a year ago as sidelined buyers emerged to compete for limited inventory, according to brokers who commented on January activity. New figures from Northwest Multiple Listing Service show year-over-year increases in pending sales, closed sales, and prices, while inventory fell by double digits. “The current inventory of … [Read more...]

Millennials Want Smaller, Smarter Homes

by NWREporter February 2015 Younger, first-time buyers are expected to enter the housing market, but they’ll want smaller, more affordable and smarter homes, predicted a building official during the International Builders’ Show held in January in Las Vegas. Laundry rooms will be essential and home technology will become increasingly prevalent, according to speakers. Rose Quint, assistant … [Read more...]