Real Estate - Keeping it Simple

Read some articles on Predictions for the 2023 real estate market, thought I would share, in this Podcast, the Predictions that are floating around.  Some of these make sense and may very well come true and some may not come true as the interest rates and inventory challenges will have a major effect on these and other predictions.

I think ALL property owners will be or are shocked at the recent Property Tax assessments for 2022, since they increased from 25% to 52% in 1 year and the taxes increased from 10% to 30% - the largest increase I have seen in King County for taxes due in 2023

Yes, we are seeing a little more homes going on the market BUT we are also seeing more sales and more activity at our open houses. All this could lead up to a busy Spring market, especially if long term interest rates go down

Inspite of the holidays, the rain, the snow and the ice strom homes were still coming on the market and selling, although at a slower pace, yet we are seeing more buyer activity in the month of January 2023

Have a VERY, VERY Merry Christmas!

Merry Christmas! Have a wonderful holiday season

Just a quick update on the excise tax changes effective January 1, 2023.  Excise tax is paid by the seller, at close of escrow.

YES, we are seeing an increase in homes going on the market, yet we are still way below what a typical and equal balanced real estate market looks like - 4 to 6 months of inventory. We are now at 2 months of inventory. Yes, homes are selling, Yes some homes are selling in less than a week and Yes some homes are selling for over their asking price, but the majority of homes are staying on the marke...

This is a very good time to be a buyer! If you are a home seller, make sure your home price is in alignment with the current market values as if it is we are seeing homes priced correctly selling in less than a week. 

NWMLS (Our MLS) Sales activity ending August 2022 for ALL residential homes and condos for King, Snohomish, and Pierce Counties

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YES, homes are selling still!  YES, our inventory has grown to 2 months of availability.! YES, interest rates are coming down!  YES, this is a great time to buy and sell a home!

The latest sales statistics from our local MLS (NWMLS) and some added thoughts on the market from me and from opinions on the national level

Yes, interest rates have gone up too, yet buyers are still buying homes and home prices are still going up from a year ago

Yes, it is true, we are seeing a little more inventory and some homes are remaining on the market over a wee with some over 2 weeks yet many homes are still selling fast?

In my opinion, this IS NOT 2008! So many different and stronger variables than what had taken place in 2008. Please remember, buying real estate is not a short-term investment and Lenders are in the business of making loans so we will see more types of loans become available to fit your budget. As a buyer don't get discouraged and don't give up. As a seller, you may not see as many offer...

Yes, homes are still selling and Yes most of them are selling in 7 days or less yet are they selling for more than the asking price? We have seen several price reductions after homes being on the market for over a week, we are seeing fewer offers on homes with some homes receiving only 1 offer.  Good time to buy? I would not give up on your search as it appears that you will be competing with fewe...

The latest statistics from our MLS for the month ending February 2022 PLUS an update on current interest rates and the loan approval process from Laurie Ausmus (NMLS - 116156 | Sr Loan Originator) with Washington First Mortgage Loan Corp. NMLS 854647

Thie week, and in future weeks Laurie will be a guest as she brings us Mortgage updates on interest rates and anything new to be aware of, when obtaining a home loan

Statistics from our local MLS and articles on the real estate market on a national level

Just a candid conversation about the early Spring market and some of the challenges of "winning" a home. Laurie with Washington 1st Mortgage is ready to help you get approved for your home loan, contact her today

Just a quick summary of our sales for December 2021 in King, Snohomish, and Pierce Counties as well as the available inventory in homes and condominiums that are for sale. Have a great 2022!

An issue I ran across with a home that was sold by another agent where incorrect information was provided to potential home buyers on the validity of the home's septic system and the permits of the addition to the home. Even in our very competitive market, it is always best, as a buyer, to ask questions before buying a home to confirm that what the seller is stating is true and correct, espec...

Just a quick Podcast on the year to date snapshot of the national market and the predictions for 2022 for sales, inventory, and prices for home