Economics Buyers: Window of Opportunity Still Open by The KCM Crew on September 30, 2013 in Interest Rates The Fed recently announced they would continue their current pace of purchasing bonds until the economy was stronger. This bond purchasing program is the reason that mortgage interest rates are at historic lows. Rates began to increase over the last several months just on the anticipation that the Fed […]
Economics Why It’s Wise to Reduce Debts Before Applying for Mortgage   Shutterstock By   | posted Sep 11th 2013 12:41PM Updated Sep 12th 2013 1:07PM By Scott Sheldon Trying to secure a mortgage right now? From higher mortgage rates, to rising home prices to the contraction in buying power — securing financing, for some, can be no easy endeavor. As prices, and rates rise simultaneously, lenders will still place the weighted emphasis on […]
Economics Do you really need to spend a lot on home insurance? By Andrea Duchon | Yahoo! Homes – Wed, Sep 11, 2013 1:53 PM EDT Want to make sure your home and family are adequately protected? Here are five questions to help you figure out how much insurance you actually need on your home. When you buy a new house, it seems like there are a […]
Economics Thinking of Selling Your House? 5 Reasons to Do it Now by The KCM Crew on September 10, 2013 ·in For Sellers, Pricing Many now realize that it is a great time to buy a home. Today, we want to look at why it might also be an opportune time to sell your house. Here are the Top 5 Reasons we believe now may be a […]
Economics Cultural Trends: How driving trends are impacting the housing market Posted in Buying by Edward Krigsman  Windermere Blog   As we have mentioned in previous blog posts, home buyers continue to consider their daily commute when making home purchase decisions. Some Americans are limiting their driving or forgoing cars all together. In recent years, the driving trends of Millennial and Boomer generations have decreased steadily. More Americans in general are […]
Economics Should I Wait for Interest Rates to Come Back Down?   by THE KCM CREW on SEPTEMBER 3, 2013 ·in FOR BUYERS     Above is a graph of the movement of the 30 year fixed mortgage rate since the beginning of 2012. Some buyers are waiting to see if interest rates will come back down before making a decision about buying a home. Though no one can guarantee where rates […]
Economics Washington home prices up more than 12% in a year   by Ben Miller Contributing Editor – Puget Sound Business Journal Home prices in Washington state have risen 12.4 percent in the past year, which mirrors the national average. According to property information company CoreLogic Inc., single-family home prices in both Washington state and nationwide, including distressed sales, increased 12.4 percent on a year-over-year basis […]
Economics Massive rent increases to continue The average annual increase of 3.9% is outpacing inflation and income growth. Will renters be priced out of many cities? It's no secret renters have been feeling the crunch of a competitive rental market for a few years now. If it seems like rent increases have been unusually high this year, though, that's because they […]
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Economics Moving Up? Do It Now!! by THE KCM CREW on AUGUST 5, 2013  New reports are revealing that the number of existing home ownerspurchasing a house is beginning to increase. Some are moving up, some are downsizing and others are making a lateral move. Another study shows that over 75% of these buyers will, in fact, be in that first category: a move-up buyer. We want […]
Economics Selling a House? Don’t Overprice It   by THE KCM CREW on JULY 15, 2013 · in FOR SELLERS, PRICING There is no doubt that the housing market is coming back nicely. What, if anything, could slow down the current momentum? We believe it may be sellers’ over exuberance when it comes to pricing. There is little doubt that house prices have appreciated over the last twelve […]
Economics Should I Move or Remodel? Posted inSelling by Tara Sharp Windermere Blog   There are a number of things that can trigger the decision to remodel or move to a new home. Perhaps you have outgrown your current space, you might be tired of struggling with ancient plumbing or wiring systems, or maybe your home just feels out of date. The question […]
Economics Buying a House: The Cost If You Waited by THE KCM CREW on JULY 8, 2013 · in FOR BUYERS, PRICING We often talk about the potential cost of waiting to buy a home. Today, we want to look at the actual cost for someone who waited over the last year. We used a 10% increase in house values as prices have gone up by double digits in the country […]
Economics June Statistical Update Prices continue to rise throughout Snohomish County. County-wide prices are up 18% year-to-date and up almost three percent in the month. The month's supply of inventory increased to 1.4 months, which is still the lowest ever for any June in the last 10 years.  If you've been thinking of selling, this may be the perfect […]
Economics Mortgage Interest Rates: Where Are They Headed? by The KCM Crew on July 1, 2013 · in For Buyers Today’s $20,000 question is…Where are mortgage rates headed in the near future? Most believe the rapid rise in rates experienced over the last month will not be sustained and that they will level off into a range between 4% and 5%. When recently […]
Economics How to beat the summer heat inside older homes Originally published Friday, June 14, 2013 at 8:01 PM In an older home, the attic may have little insulation. Over time, what is there may have been disrupted, providing leak points where warm air escapes in the winter and hot air gets in during the summer. By Jamie Hsu Special to The Seattle Times   HomeWork […]
Economics Buying a House? 3 Reasons to Do it Now! by The KCM Crew on June 24, 2013 ·    384 inShare inShare384 Here are three great reasons to consider buying a home today instead of waiting. 1.) Prices Will Continue to Rise Standard & Poors recently upgraded their 2013 forecast for the S&P/Case-Shiller Home Price Index to an 11% year-over-year increase from their original […]
Economics Real Estate ‘A Tremendous Buy’: CEO Published: Tuesday, 18 Jun 2013 | 1:15 PM ET By: Bruno J. Navarro | Online Producer   Supply shortages and interest rates will continue to be positive for the real estate market, Colony Capital CEO Tom Barrack said Tuesday. "Look, it's a tremendous 'buy,' he said. "The good news for the home builders is […]
Economics Until Mortgage Rates Hit 10.5%, Buying A Home Will Still Be Cheaper Than Renting By Jed Kolko, Trulia Chief Economist on 6/14/2013 The recent rise in mortgage rates has made buying a house a little more expensive: the increase in the 30-year fixed rate over the past month from 3.4% to 3.9% (Freddie Mac) raised the monthly payment on a $200,000 mortgage by $56, or 6%. However, because mortgage […]
Economics More homes listed anew; prices up 16 percent   Published: Friday, June 7, 2013 By Kurt Batdorf HBJ Editor EVERETT — Median sales prices on homes and condominiums in Snoho­mish County jumped by $40,000 in May from a year ago, due in no small part to the continuing decline in active listings. New listings rose from 1,258 in May 2012 to 1,564 this […]
Economics A Real Estate Conversation by THE KCM CREW on MAY 24, 2013