We can't thank you enough for your help selling the house in Kent. It was a daunting prospect at first glance when we made the decision to sell because we live out of town and weren't sure about a "long distance" situation. You made it so easy for us because you told us immediately upon inspection of the home what we realistically needed to do to get the house ready to sell. We did not have a lot...
The National Association of Realtors (NAR) recently released the results of their Existing Home Sales Report. Despite the fact that properties are selling faster than they have at any other time since July of 2013, existing home sales declined 3.3% from March. NAR’s Chief Economist Lawrence Yun explained the main reason for the slow: "April's setback is the result of lagging supply relative to...
A recent post by the National Association of Realtors (NAR) revealed that in the months of December 2014 through February 2015, there was an increase in the number of first-time buyers making a down payment of 6% or less as compared to last year: 2014: 61% of first time home buyers 2015: 66% of first time home buyers While the number of small down payments is lower than it was in 2009 when...
Earlier this week, the National Association of Realtors (NAR) released their latest quarterly report. The report covered three important aspects of the housing market: Buyer Demand Supply of Housing Inventory Single Family Residential Prices Today, we want to break down the highlights of the report along with several quotes from Lawrence Yun, the Chief Economist at NAR. Buyer Demand Total...
We have reported many times that the American Dream of homeownership is alive and well. The personal reasons to own differ for each buyer, with many basic similarities. Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on the top 5 financial benefits of homeownership his paper - The Dream Lives On: the Future of Homeownership in America. Here...
The Census recently released their 2015 Q1 Homeownership Statistics, and many began to worry that Americans have taken a step back from the notion of homeownership. The national homeownership rate (Americans who owned vs. rented their primary residence) increased significantly during the housing boom, reaching its peak of 69.2% in 2004. The Census Bureau just reported the first quarter of 2015 ended...
First of all I would like to say thank you for making the buying process smooth and exciting! The thing that I appreciated the most is that I had the feeling that you were really working for me! You listened to what I wanted and tried to get the best deal for me and did not try to convince me otherwise. In my past experiences I had the feeling that the realtor wanted to make sure that there would...
May 5th, 2015 Northwest Multiple Listing Service members notched a record high level of pending sales during April, surpassing the year-ago volume by nearly 1,800 transactions. Both closed sales and prices also surged last month as the spring market kicked into high gear. Buyer confidence and buyer ability to purchase are fueling activity, suggested Ken Anderson, the managing broker and owner of...
Spring is in full force; the summer months are right around the corner. If you are debating moving up to your dream home, here are four great reasons to consider buying today instead of waiting. 1.) Buyer Demand is High & Inventory Is Low Recent numbers show that buyer demand is at the highest peak experienced in years, and inventory for sale is at a 4.6 months supply, which is still markedly...
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