Real Estate News and Tips $16 Million Awarded to Expand Affordable Housing for People with Disabilities in Oregon and Washington Exciting news for the Pacific Northwest! The Biden-Harris Administration has awarded $16 million to expand affordable housing for people with disabilities in Oregon and Washington. This funding is part of a larger $138.5 million grant from the U.S. Department of Housing and Urban Development (HUD), aimed at increasing housing options and supportive services for low-income […]
Finance The Shift Away from All-Cash Offers: A Win for Smaller Investors During the intense housing market of the pandemic years, cash offers dominated, often outpacing traditional buyers. However, the landscape is changing, offering new opportunities for smaller investors and regular homebuyers. Decline in All-Cash Purchases According to a recent Realtor.com® report, the percentage of investors buying homes with all cash dropped to 64% in the first […]
Finance Buyers Hold Steady as Mortgage Rates Remain Flat As we keep an eye on the housing market, mortgage rates have remained steady this week, leaving many potential homebuyers in a holding pattern. Meanwhile, inventory is growing, but sellers are starting to pull back. Let’s break down the latest market trends and what they mean for you. Mortgage Rates Update This week, the average […]
FAQs Get the Most Home for Your Money Understanding a home’s price per square foot can help you determine if you’re getting a good deal or paying too much. It’s a handy metric when you’re shopping for a home, offering a quick way to gauge whether the seller’s asking price is reasonable compared to similar homes in the area. Zillow® analyzed the top […]
FAQs 21 Expert Tips from Real Estate Agents for Buying a Home When you’re ready to buy a home, tapping into the expertise of real estate agents can be invaluable. We asked four of our partner agents to share their best advice on staying on budget in a competitive housing market. Whether you’re a first-time buyer or a seasoned homeowner, these 21 tips can help you navigate […]
Finance 7 Types of Homes Expected to Soar in Value by the End of 2025 Halfway through the year, it’s still a seller’s market in many U.S. real estate markets. According to Forbes, there are only about three months’ worth of inventory available in some states, far below the six months needed for a true buyer’s market. Home prices are continuing to climb, with the median U.S. home sales price […]
FAQs All Under One Roof: Trends in Multigenerational Living Multigenerational living is becoming increasingly popular, though there’s no one-size-fits-all solution to make it work. Families and builders are finding creative, flexible ways to meet the unique needs of this living arrangement. Key Takeaways There’s no single answer to making multigenerational living work, so homeowners and builders must come up with various solutions. The United […]
FAQs Why Summer is the Best Time to Sell Your Home Even though the real estate market tends to slow down in the summer, buyers are still eager to close deals before fall. Here’s why summer can be an ideal time to sell your home: Key Points Momentum from Spring: The energy from the spring real estate market often carries into June, but activity typically slows […]
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Real Estate News and Tips Washington ranks above Oregon in terms of quality of life Living in Washington State speaks volumes about your love for a high-quality life. According to a recent CNBC study, Washington ranks above Oregon in terms of quality of life, securing the fifth spot in the nation. The Evergreen State earned 230 out of 325 points, thanks to its inclusiveness, worker protections, and robust voting rights. […]
Finance Exciting News for Washington Homebuyers: The Covenant Homeownership Program is Here! A Step Towards Justice and Homeownership As of July 1, 2024, the Covenant Homeownership Program is officially open! This program, championed by the Housing Development Consortium, the Black Home Initiative, Rep. Jamila Taylor, Sen. John Lovick, and Rep. Frank Chopp, aims to address historical housing discrimination in Washington state. Passed with bipartisan support, the Covenant […]
Real Estate News and Tips Homes Selling Below List Price: Good News for Buyers, Challenges for Sellers Homes sold below their list price at the peak of the housing season, a shift that could tip the real estate market in favor of buyers, according to Redfin. During a four-week span in May and June, the typical home sold for 0.3% less than its asking price, Redfin reports. This is significant because, in […]
Real Estate News and Tips Western Washington Property Values Rise in 2024 – But It’s Not Uniform Home values across Western Washington are generally on the rise for 2024, but the increase varies by community. Meanwhile, many office spaces and condos are experiencing a decline in value. “After dramatic fluctuations in the residential market during the COVID years, values have returned to a steady level of increase,” stated King County Assessor John […]
Finance Weekly Mortgage Demand Dips as Rates Climb Again Mortgage demand has hit a three-month low as rates start to climb once more. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances (up to $766,550) edged up to 7.05% from 7.01%. This uptick followed a brief period of lower rates throughout much of May. This slight increase, the first in four […]
Real Estate News and Tips Buyers Gaining an Edge in the Housing Market: Insights from Real Estate Experts Great news for homebuyers: the housing market is starting to tilt in your favor! Compass cofounder and CEO Robert Reffkin recently shared some insights that highlight how the market dynamics are changing. Reffkin told CNBC that currently, 30% of the housing inventory has seen price drops, a level not seen in the past decade. Additionally, […]
Events Step Back in Time: Join Us at the 1920s Speakeasy in Port Angeles! Hey there, fellow Port Angeles party-goers! I’ve got some exciting news to share with you all. Mark your calendars because on April 13th, we’re taking a trip back in time to the roaring 20s with a fabulous speakeasy-themed event at the Elks Lodge right here in Port Angeles, Washington! 🎉 Get ready to step into […]
Finance Your Path to Financial Security Unlocking Home Equity   Understanding home equity is the key to unlocking your home’s hidden wealth potential. It’s the difference between your home’s market value and what you owe on it, offering a unique opportunity for financial growth. Let’s dive into the details of what home equity is, how it works, and why it matters. […]
FAQs How to Winterize Your Home in Port Angeles, Washington   How to Winterize Your Home in Port Angeles, Washington Winter is coming, and if you live in Port Angeles, Washington, you know that it can bring cold temperatures, rain, snow, and ice. While winter can be a beautiful and cozy season, it can also pose some challenges for your home. That’s why it’s important […]
FAQs Home Warranty 101   Home Warranty 101: What You Need to Know Before Buying One If you’re a homeowner in Washington state, you might have heard of home warranty plans and wondered if they are worth it. A home warranty is a service contract that covers the repair or replacement of certain home systems and appliances when they […]
FAQs Unlocking the Potential: Converting a Manufactured Home to Real Property   Can a manufactured home become real property? The answer is a resounding yes, but with some crucial considerations. The process of classifying a manufactured home as real property varies by state and local jurisdictions. State-specific statutes outline the procedures for this classification, which may involve documents like a Certificate of Title or an affidavit […]
FAQs Port Angeles vs Seattle I have many clients that come from out of town or even out of state, but they all know and are familiar with Seattle.  Even when I first came to visit Washington State, my first impression was Seattle as well! Port Angeles, Washington, and Seattle, Washington, are two distinct cities in the beautiful Pacific Northwest. […]