With interest rates still high, many buyers are still choosing to sit on the sidelines if they need a mortgagee—an about 2/3 of buyers are not cash buyers. Until recently, home buyers enjoyed historically low interest rates for the better part of the last decade....
What drives the real estate market? What drives the real estate market? Is it buyers? Sellers? Interest rates, or something else? The answer is D: All of the above. But most of all, those factors all draw from fear. What are we so afraid of? Jobs Understandably, many...
What sort of real estate market will the new year bring? Yes, many buyers and sellers are at a standstill. Not surprisingly, the market generally takes a big pause at the end of the year. Plus, we had the perfect storm of steeply rising interest rates, job...
What was WAY up has now come down. Not crashing down. Not bursting. Just settling–somewhat awkwardly–back to Earth. Here in the Greater Puget Sound region, we are seeing prices “drop” a bit. But remember, price reductions on some homes are not...
If you know boats or you’ve ever been on a big one (cruise ship, ferry boat, cargo ship), you know that it takes time to maneuver one. They don’t turn on a dime–and neither does the real estate market. Does that mean nothing is happening? Nope. What...
Nationally, the number of homes pending over the last few months has dropped noticeably, but has it here in the PNW? Not yet. Real Estate Feeding Frenzy, COVID Edition Did the frenzy slow at all in March? It seems like it will soon. But not because prices will...
