Mortgage rates are edging noticeably higher this week, and would-be home buyers and refinancing homeowners may have missed out on a chance to lock in a lower rate. The average contract rate on the 30-year fixed will likely end the day as high as 4.875 percent for the highest creditworthy borrowers and 5 percent for
Home purchasers seeking to stand out in competitive housing markets should consider a mortgage professional based in the area. Don’t discount the benefits of shopping local—even for a mortgage professional. In tight housing markets where bidding wars are common, buyers who need financing can strengthen their offers by working with a locally based mortgage broker or loan officer,
A basic beginner’s explanation for our soaring home prices in King County: There are a lot more people searching for homes, and far fewer homes available for them to buy. There just aren’t enough homes for sale. The number of homes on the market is at a low point for records that date back to
In Seattle — home appreciation exceeded the median household income over the past year. Home values in Seattle have been appreciating more than 3.5 times faster per working hour than the cities’ minimum wage workers earn. In Seattle, the typical homeowner is gaining $54.24 of equity in their home every hour they’re at the office.
Hi Sellers! We’re sharing a brand new feature that will help you sell your home. When inventory is so low, competition is fierce! You need every advantage. We’re here to help. Juwai is the #1 property website in China (i.e. the Zillow of China). Importantly, it’s inside and outside the Great Firewall of China. And now you can
We looked at the data on thousands of offers agents for The Cascade Team wrote and received in the last two years to see how the strategies we track affected buyers’ odds of winning a bidding war: All cash offers rule the landscape and stymie the competition. With everything else equal, offering with all cash
“Information and statistics derived from Northwest Multiple Listing Service.” Even as more homes come on the market for this popular sales season, they’re flying off fast. Home prices have now surpassed their last peak, and at the entry level, where demand is highest, sellers are in the driver’s seat. Spring homebuyers are pounding the pavement