There’s no doubt about it: the 2018 housing market has seen its ups and downs. The year started with sky-high home prices, historically low mortgage rates and a definitive upper hand for sellers. In recent months though, home price growth has faltered, rates have risen to their highest point in nearly eight years, and favor […]
Should you invest in a starter home? Or is it a better to wait and save for your “forever” home? Economists often define a “starter home” as being in the lower third of the market’s valuation (as opposed to trade-up homes and luxury homes). For many homeowners, a starter home isn’t about price. It’s about […]
The appraisal process can be a mystery to the home buyer and seller. Here is information that I hope will help explain the process. If you have three different appraisals, you will have three different values. If you have three different Realtor opinions, you will likely get three different opinions of value. Unfortunately, in the […]
By Mike Rosenberg Seattle Times business reporter When Seattle residents Sue and Roy Carlson bought a modest home on the Kitsap Peninsula in June, they paid $225,000 — a discount because the house was headed for foreclosure. Redfin now estimates the home in Belfair, southwest of Bremerton, is worth $318,000. Realtor.com’s algorithm pegs the house at […]