Seattle Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Projections have Seattle poised for more growth in the future meaning housing shortages will likely continue for a number of years. It's paramount to work with an agent who is attentive and adaptive to the ever-changing market. 

My job has always been to put my clients in the position where they can be most successful and I'm very proud of everything my clients and I have accomplished. I'm very excited for the future and see an opportunity to help somebody new every day.

Jan. 16, 2019

3 Reasons Why Your Home Is Not Selling

For a bonus, I added 2 additional reasons! Check it out!

 

Posted in Tips & Advice
Jan. 14, 2019

Which Home Loan is right for you?

Thinking of buying home soon?

Confused by all the loan jargon? 

We hope our chart can help you cut through all the noise.

mortgage loan option

Jan. 10, 2019

Home Remodel Options In Seattle

Looking to turn a fixer-upper into your dream home?

Or perhaps planning to put your existing home on the market which requires a few updates before doing so? 

Either way, the types of financing for your home improvements vary quite a bit.

Choosing the best one depends on your current situation and goals.

Here's a comparison to help you decide on the type of financing for your remodel. 

If you have any questions I would love to help answer them feel free to call or email. 

Renovation Loans

 

 

Posted in Home Improvement
Jan. 9, 2019

Buyer FAQ: Who pays the buyers agent commissions? - VIDEO

I'm always amazed with how often I get the question when buyers ask me what I charge for my services.

Sellers pay for commissions, not buyers.

What about working directly with the sellers agent instead of a buyers agent?

Check out the video for my answers and thoughts!

 

Posted in Tips & Advice
Jan. 7, 2019

Seattle Mortgage Rate Forecast 2019 - with chart

New Year, New Predictions, what does the crystal ball hold for mortgage rates in 2019.

The consensus is rates will pierce the 10 year high.

Experts weigh in on what the 2019 housing market will bring "A year ago, several experts predicted the new tax law would cause a slowdown in the housing market. So far, the limitations on mortgage-interest and property-tax deductions haven’t had a negative impact. Instead, rising mortgage rates and home prices are doing more to put a damper on the market."

2019 Predictions: Worse Affordability, Commutes, Natural Disaster Losses "The 30-year, fixed rate mortgage reaches 5.8 percent – territory not seen since the dark days of 2008, when rates were racing downward in response to the housing crisis. In 2019, rising rates will compound the effect of still-climbing home values, making homeownership even less affordable. Already, rising mortgage payments eclipse home-value gains, a phenomenon that can both encourage homeowners to stay put – to hold onto low mortgage rates that are disappearing in the rear-view mirror – and discourage would-be first-time home buyers."

 

2019 Real Estate Forecast: What Home Buyers, Sellers And Investors Can Expect  "In recent months though, home price growth has faltered, rates have risen to their highest point in nearly eight years, and favor has started to shift from seller to buyer."

 

 

 

 

Jan. 4, 2019

A new "shadow inventory"? What does this mean for Seattle buyers and sellers?

Remember the term "shadow inventory" from the distressed home sale days? 

Well, it's back. 

Kind of.  Or in a different format. 

What does that mean? 

Check out my video to see how I (re)define the term.

 

Dec. 19, 2018

New Mortgage Rules: What It Means For Seattle Buyers

VA Announces the 2019 Loan Limits For Loans Closed on or After January 1, 2019

 

In Circular 26-18-17 VA announced the 2019 county loan limits effective for loans closed on or after 
January 1, 2019.

 

County loan limits do not apply to Interest Rate Reduction Refinance Loans (IRRRLs) as VA guarantees 25 percent of the loan amount on a IRRRL, regardless of whether the loan exceeds the limit for the particular county.

 

VA loans (not applicable to IRRRLs) closed on or after January 1, 2019 are eligible for the higher county loan limits even if the application date was in 2018.

 

https://www.benefits.va.gov/…/docume…/circulars/26_18_27.pdf

Posted in Tips & Advice
Dec. 18, 2018

This Week's Guess How Much

9536 Lake Washington Blvd NE
Bellevue, WA 98004

4 
BD 2 Full Baths 4 Three Quarter Baths 1 Half Bath 7,170 SqFt
View the live listing 

 

 

9536 Lake Washington Blvd NE, Bellevue, WA 98004

Listing courtesy of WPI Real Estate Services, Inc..

MLS# 1315070

Posted in Unique Homes
Dec. 10, 2018

Seattle Real Estate Statistics for November 2018

Don't believe everything you see or read!

The median price went up for the month of November.

Despite all the headlines about a crashing market, the median priced home in Seattle has remained flat since August after a huge drop from May. See what areas appreciated the most and where current inventory stands.

 

Dec. 5, 2018

A Home Loan for Doctors with Student Debt

Doctor Home Loan

If you are a doctor with deferred student loans, our Doctor Loan Program can help you save time and money on the purchase of your NEW home or refinance. If you are a qualified doctorate medical professional (MD, DDS, DMD, OD, DO eligible)with student loans deferred 12 months or more our team has a lender ready to help you. 

Program Details:

  • 95% Loan to Value (LTV) for conforming and super conforming limits. 
  • Minimum credit score as low as 720 
  • 5 and 7 year Adjustable Rate Mortgages (ARMs)
  • MD, DDS, DMD, OD, DO eligible 
  • Student loans must be deferred for 12+ months

If you have questions or would like to learn more please reach out I am happy to help!

Posted in Tips & Advice