Just for fun! Take a look at this Everett Home listed for Sale.
What a view of the Cascades and the entire Snohomish Valley! Can you imagine waking up each morning and having coffee on the deck to this? Its one of the very many scenic views our community offers and is the reason I call this area home.
Whew! A bit late I guess Tuesday evening for the news but its end of the School Year fun and with two boys all these events are making for one tired mom who is up working late.
So if your up as late as me here is your Tuesday Tidbit Real Estate News.
From Fannie Mae: Spring-Summer Buying and Selling Season Sputters Despite Drop in Mortgage Rates
“Consumers’ lukewarm income expectations and reticence about the economy seem to be holding back housing demand,” said Doug Duncan, senior vice president and chief economist at Fannie Mae. “This year’s spring and summer home buying season has gotten off to a slow start, even as mortgage rates have trended lower over the past two months. Our National Housing Survey data show that economic conditions continue to be the top concern among consumers who think it’s a bad time to buy or sell a home. While recent housing activity suggests that the worst of the housing slump may be behind us, this caution among consumers supports our expectation that the rebound in home sales will likely be too modest to pull sales for all of 2014 ahead of last year.”
As a reminder: a decline in existing home sales this year is not “bad news”. With fewer distressed sales and less investor buying, it is no surprise that existing home sales are down. I expect housing starts and new home sales (the key for GDP and employment growth) to increase this year and also in 2015.
Other news included the research data that demand for purchase mortgages in the last three months gained a cumulative 9%. On the pricing front, a national listing site said prices are beginning to stabilize. Their chief economist explained: “…home price changes are looking more balanced, sustainable and widespread than at any point since the price recovery began.” With home prices still rising, but in a more controlled fashion, there are now more than 43 million homes with equity. This should encourage more people to put their properties on the market, improving the inventory situation.
I know buyers will like to hear this. I just secured a home for a buyer of mine that had 5 offers! Since it was the only Rambler in that zip code for sale you can imagine how happy they are.
Hurry New Listing today! At $150,000 will go very fast!
FHA approved condo in a great location! Bonus 2 private Garages and a parking space!!! You wont find one like this! Perfectly maintained ground floor one owner condo in Autumn Brook. This two Master bedroom, two bath has it all. Tile entry, breakfast bar, dining area, gas fireplace, gorgeous updated baths w/ custom cabinets & granite counters in kitchen & one bath. Large patio over looking greenbelt. Quiet community tucked away w/playground & sports court. Close to Boeing, bus and shopping.
Ever wonder who most of the home owners are? I don’t think I ever have wondered this questions but I was curious so I am sure others are too. Of course, I knew us Real Estate Agents would be in there but others surprised me a bit. However, after thinking more on what certain professions due and why some would need to own a home more than others these do make sense.
What do you think? Are there other professions that you think should have made the cut more that others? Let me know I would love to hear what you think.
What a day yesturday! Put in an offer on a home in a HOT neighborhood for one of my investor clients and we were one of 30 offers! Yes, 30 I could not believe it!
I have been really rocking lately on getting homes for my clients in multiple offer situations but today I was humbled and reminded sometimes you can do everything possible and still not be the winning bid. I dont know exactly as of yet but, was told the winning offer was WAY over asking! It must have been because ours was too.
Sometimes this market is so crazy and just goes to show you what I have been saying lately there are more people looking earlier this year than I have seen in the last few years. So if you are in the market get out there soon because the best deals go very fast.
Or if your considering selling give me a call for a FREE Price Analysis anytime!
Here are some recent listings from my office and more coming. Its getting busy!
The market is heating up and even though I don’t always agree with Zillows “Zestimates” I do believe they are very accurate about the predictions for 2014 Housing Market. Rates are going up! My advice to those that are waiting to buy a home? If you are seriously thinking this year as they year~ start looking sooner than later. If you also take a look here in the Puget Sound Region we are #2 for the hottest market areas. All over its HOT and especially in Snohomish County. In the last week I have put in a total of 6 offers for clients and all were multiple offer situations. Knowing the tricks to secure the home you want over all the other offers take an experienced agent that will due their due diligence. If you need help please feel free to contact me!