Is Renting the Best Answer?
For some, renting is the best answer. Home ownership is not for everyone. This bnlog takes a candid look at renter vs homeowner.
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2022 Summary of the year
When analyzing the market trying to get a handle an where it’s headed, there are a number of data points that I find valuable. This effort is ongoing. When searching for a client selling or buying, I have to get more specific to their situation, the property, and expectations.
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2022 Months of Inventory
Months of inventory: This number tells us how active the buyer market is. It is affected by the number of available homes priced and presented well, and the number of active buyers. For instance, we have 100 homes on the market and 40 have SOLD in the past 30 days. This means that we have 2.5 months of available inventory.
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Seller’s “Net Top Dollar”.
Preparation is the KEY to a seller’s success. In any market the best homes, prepared and presented and priced well will always sell first and for more money! Watch this short video to see a little of what our seller do to generate Top Dollar!
Seller’s “Net Top Dollar”. Read More »
Buyer “No STRESS” Video
The internet and lazy brokers have convinced buyers across the country that they can find a home on their own without the guidance of a REALTOR®. This may be true, but at what cost?
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2022 the interest rate story
The 2022 interest rate story has been a tough one for buyer to understand. Rates more than doubled in the course of the year. Buyer’s in some cases have lost 30% of their buying power.
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2022 Year End numbers
What has happened over the past year? Rather than fill you with filtered views and broad predictions, I have given you the spread sheets that I create for the brokers in my office and my clients. I hope you find your answers here.
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A Normal Market
Sellers have to realize that the competition for buyers is brutal as shown by the huge increase in months of inventory and days on the market. Also, home prices have settled. The seller’s list price is critical. Buyers are looking at the new listings and those that sit will do just that until there is a significant adjustment in price.
What is a 2/1 temporary Buydown
As we see mortgage interest rates increase so quickly, the buyer pool in every price range moves down the ladder. Keep in mind that an interest rate increase of 1% reduces the buyer’s buying power by 10%. This means that a borrower that could comfortably afford a $1M property before the increase, can now only
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2022 Q3 Numbers are in
The third quarter numbers for Seattle’s Eastside tell us that the number of SOLD properties is down more than 40% and the prices have settled about 15%. Don’t get too sad. The prices are still up about 50% over 2020. What does all of this mean? The psychological effect of the past recent years with
2022 Q3 Numbers are in Read More »