There are three drivers to a booming real estate market that affects sellers just as much as it does buyers. First, is the overall economic outlook for the country. Second, the availability of properties and the Affordability Index. The third and seemingly most important to consumers is the mortgage rate. A 1% rise in the […]
Looking Back – The History of Mortgage Rates Read More »
The Northwest Multiple Listing Service (NWMLS) is unique as it is owned and operated by the real estate brokerages it serves. The National Association of Realtors (NAR) is not a member, nor do they have input into the daily operations or policies in any way. NAR membership is optional for individual brokerage members. Fairness, transparency,
2023 November Market Update Read More »
Creating your properties Comparative Market Analysis (CMA).  A properly prepared CMA gives the seller a useful measure of the market and a prediction of what buyer’s will most likely be willing to pay for their home. Below you will see the steps we take to ensure our sellers Top Dollar from the sale of their
How We Arrive at Your List Price Read More »
Accepting Mortgage Rates is a Big Ask. Oh my, Mortgage rates are insanely high. We were approved for an $800,000 loan when the rate was 6% and my Pi payment was $4,800 a month. Today at 7.49% the Pi payment is $5,590 and with our income to debt ratio, we don’t qualify. So, today, we
Accepting Mortgage Rates Read More »
July Real Estate Market Recap Tom Perry Summarizes the NWMLS June Press Release and adds data from NAR, NWMLS and FreddieMac. Published on: August 8, 2023 July has seen the inevitable downturn in the housing market given higher mortgage rates, there are still positives for both buyers and sellers. The Northwest MLS statistics summarizing July’s activity
July Real Estate Market Recap Read More »
May 2023 Market Blog – The Area-Wide May Real Estate Market Brokers should be aware of these numbers and their relation to the national, state, county, city, and community data points. Broker should be able to easily communicate these numbers and current winning strategies that bring good results.  Both pending sales and closed sales
Looking back at May 2023 Read More »
When is the best time to get my home SOLD for the most money? We are now 2 months into the new year. It’s time for the February 2023 market update. Sellers seem to be hesitating to put their homes on the market and buyers are still anxious so find their next home. These two
Market Update February 2023 Read More »
This is a quick but comprehensive look at the real estate market on Seattle’s Eastside. Bellevue, Kirkland, Redmond and Issaquah. Residential resale homes only. No condo, new construction, or townhouses. Your broker should be able to use these numbers to explain the market and how it affects your list price, SOLD price and the buyers
January 2023 MArket Update Read More »
For some, renting is the best answer. Home ownership is not for everyone. This bnlog takes a candid look at renter vs homeowner.
Is Renting the Best Answer? Read More »
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.
2022 Summary of the year Read More »
