Early Forecasts For the 2025 Real Estate Market
September 6, 2024Looking ahead to 2025, it’s important to know what experts are projecting for the housing market. And whether you’re thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership plans. Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025. Mortgage Rates Are Projected To Come Down Slightly Mortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association (MBA), the National Association of Realtors (NAR), and Wells Fargo show an expected gradual decline in…
How the Economy Affects Mortgage Rates
As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what’s ahead. One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money…
Is An ARM Right for You?
An Adjustable Rate Mortgage may help you get into the home of your dreams….. If you’re currently shopping for a mortgage, you may be considering an adjustable-rate mortgage, or ARM. While an ARM may provide a lower interest rate…
What Are the Housing Experts Saying About the Spring Market?
If you’re planning to move soon, you might be wondering if there’ll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today’s market. If so, here’s what the professionals are saying about what’s in store for…
Don’t Wait Until Spring to Sell Your House
As you think about the year ahead, one of your big goals may be moving. But, how do you know when to make your move? While spring is usually the peak homebuying season, you don’t actually need to wait until spring…
If 2024 is the year for new homeownership for you, then now is the time to reach out to me to talk!
Homeowners Net Worth Has Skyrocketed!
If you’re weighing your options to decide whether it makes more sense to rent or buy a home today, here’s one key data point that could help you feel more confident in making your decision. Every three years, the Federal Reserve Board releases the Survey…
Get Ready for Smaller, More Affordable Homes
Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way: “Buyers…
Equity Is a Game Changer for Homeowners Looking To Sell
If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be…
Well-priced homes will continue to get multiple offers, NWMLS predicts
Sellers still have the advantage Despite growing year-over-year increases in inventory, the Northwest Multiple Listing Service’s latest market report suggests there still will be tough competition for well-priced homes in the coming months. New listings, pending sales and closings all fell…
How Homeownership is Life Changing for Many Women.
Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes impact on the housing market. In fact, since at least 1981, single women have bought more homes than single men each year, and they make up 17% of…
Your Seattle based real estate agent for Washington State