April 2017

Tax Return Depressing? Owning a Home Could Help

Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own your own home. According to the Tax Policy Center’s Briefing Book -“A citizen's guide to the fascinating (though often complex) elements of...

Sold 13% Above List Price! Stunning Custom Built Estate Home on shy acre lot in Desirable English Hill Area Neighborhood

Sold for $1,300,000 Click Here for Details This custom built recently updated home is located on a private 35,011 s.f. lot. Ideally positioned in the easily accessible English Hill area, the home features 4 bedrooms, 4 separate baths, den, 4,150 s.f. and a park-like lot. Wonderful home for entertainment with cozy spaces in a flowing layout. Craftsmanship shows throughout with ample molding,...

Careful…Don’t Get Caught in the Rental Trap!

There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that, “Low rental vacancies and a lack of new...

The ‘REAL’ News about Housing Affordability

Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR). Here is how NAR defines the index: “The Housing Affordability Index measures...

NWMLS Market Report March 2017 – Brokers Report 50 percent Spike in New Listings Although Inventory Remains Near Historic Lows

KIRKLAND, Washington (April 6, 2017) - Northwest Multiple Listing Service brokers expected an uptick in the number of new listings during March, and that expectation was met with a significant gain - up more than 50 percent from February. Members added 10,321 new listings last month, but they also reported an even greater number of pending sales (10,447), leaving inventory near historic...