Uncategorized Weekly Mortgage Newsletter – 8/9/2022 *This post is written by our Preferred Lender*   Week of August 1, 2022 in Review July’s Jobs Report was much stronger than expected but what’s really going on? Plus, the Fed’s take on the labor sector and the latest scoop on home price appreciation. Here are the key headlines: -July Jobs Report a Big […]
Development Woodinville Continues to Grow: Upcoming Developments After being named Zillow’s hottest housing market for early 2022, it’s no wonder that the town is now experiencing an avalanche of investor activity. The City of Woodinville has largely been successful in reinventing itself from a quiet drive-through suburb into a major tourist destination for the area, taking full advantage of its renowned wineries […]
Uncategorized Weekly Mortgage Newsletter – 8/1/2022 *This post is written by our Preferred Lender*   Week of July 25, 2022 in Review The last week of July was jam-packed with news, including a Fed rate hike, hot inflation numbers, crucial housing data and a negative reading for second quarter GDP. Here are the key headlines: -Fed Hikes Rates Another 75 Basis […]
Uncategorized Weekly Mortgage Newsletter – 7/25/2022 *This post is written by our Preferred Lender*   The latest housing data shows that while homebuyer activity may be slowing, demand remains strong. Meanwhile, homebuilders continue to face a backlog and Jobless Claims are on the rise. Here’s what you need to know: -More to Existing Home Sales Data Than Meets the Eye -Builders […]
Development Seattle Considering Large-Scale Upzoning Seattle City Council is now considering a sweeping upzoning of all residential neighborhoods to comply with a federal housing mandate. The broad upzone is among several options that Seattle’s Office of Planning & Community Development (OPCD) is mulling over after a presentation on Wednesday. The City has a deadline of October to finalize Seattle’s growth […]
Covington Corner Mortgage Blog Weekly Mortgage Newsletter – 6/27/2022 *This post is written by our Preferred Lender* Inventory issues continue to impact home sales and rental home prices while Fed Chair Powell said a recession is “certainly a possibility.” Here are the key stories: Existing Home Sales Still Strong Into Summer The Real Scoop on New Home Inventory Fed Chair Powell Testifies That Recession […]
Covington Corner Mortgage Blog Weekly Mortgage Newsletter – 6/21/2022 *This post is written by our Preferred Lender* A Fed rate hike, hot wholesale inflation, weakening builder confidence, and signs of economic slowdown led to a volatile week in the markets. Here are the top headlines: Fed Rate Hike Largest Since 1994 Wholesale Inflation Declines Slightly But Remains Elevated Builder Confidence Weakens as Homebuyer Traffic […]
Buyers Perspective on the Current Shift in the Real Estate Market “How’s the market?” is the question we are always asked. Regardless if it’s with family and friends, or at our open houses – people want to know. Being a transitory time in the market: now more than ever, the answer to this question is both crucial and detailed. Currently, our market is experiencing a shift […]
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Covington Corner Mortgage Blog Weekly Mortgage Newsletter – 6/13/2022 *This post is written by our Preferred Lender* Consumer inflation reached a 41-year high in May while annual home price appreciation tied another record high in April. Here are the key headlines: -Consumer Inflation Hits Highest Level Since 1981 -Majority of Top Economists Do Not Believe We’re in a Housing Bubble-Annual Home Price Appreciation Ties […]
Buyers Approaching Rising Mortgage Rates as a Buyer In just the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac surpassed 5%. Although this news may leave you questioning the current timing of your home search, the reality is, timing has never been more crucial. Even though you may be attracted to the idea of putting your plans on hold […]
Market 2022 Q1 Gardner Report The following analysis of select counties of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner.
Buyers Man vs Machine: the Zestimate, is it Good for Consumers? In November 2021, Zillow upset the real estate world and Wall Street when they revealed their plans to terminate their iBuyer program, Zillow Offers, due to over $881 million in recorded losses.  In addition, Zillow sadly eliminated 25% of its workforce (approx. 2,000 Seattle employees) because of the company’s exodus from the practice of purchasing […]
Sellers Equity Is At An All-Time High – Align With Those Who Can Net You The Most 2022 has had an unprecedentedly powerful start in Western Washington’s real estate market. In March, the average list-to-sale price ratio (the percentage a house sells for in comparison to the list price) was 113.6% in King County and in Snohomish County it was 112.5%. This is in tandem with year-over-year median price appreciation (the last […]
Market Quarterly Reports – Q1 2022   The 2022 real estate market started in a sprint! We started this year with the lowest amount of available inventory this market has ever experienced coupled with mortgage interest rates a full point lower than they are now, a robust buyer pool due to a strong job market and work-from-home influenced moves, and the […]
Sellers Selling a Property with Tenants How do I Sell a Rental Property with Tenants?   When it’s time to sell your rental property, but it is currently occupied, there are two main ways you can handle this as a landlord: Waiting for the lease to expire before selling without renewal, or listing while your tenants are still living in the […]
Sellers Factors for Evaluating an Offer on Your Home So,  you have just received an offer on the sale of your home – Congrats!  Now what should you do?  Deciding between offers on your home,  especially when you’ve received multiple,  can be confusing and stressful.  You may be tempted to immediately sign the first or highest offer received,  but there’s more to consider than […]
Sellers Don’t Count Your Chickens Before They Hatch – How A Home Sale Can Go Sideways Waiting to get an offer from someone who wants to buy your house can be emotionally draining. Receiving an offer can make you feel ecstatic, but that doesn’t necessarily mean that things will go smoothly. There are several reasons why the deal might fall through and you might be forced to put your house back […]
Buyers Six Considerations When Choosing A Dog-Friendly Home Man’s best friend is more than just a title for most dog owners. Many family photos wouldn’t be complete without the inclusion of our canine companions! Below are a handful of ideas to consider when shopping for the paw-fect home for you and your beloved canine. One: Appropriate Outdoor Space Dogs need easy access to […]
Sellers 3 Most Important Things You Should Do Before Selling   From my 30 years of experience in the real estate industry, I know that when you’ve decided to sell your home, it can be hard to take the next step and decide on exactly where to begin.  Although the home listing process can vary case-to-case, I have found that these are the three most […]
Covington Corner Mortgage Blog How Much Home Can We Afford? COVINGTON CORNER MORTGAGE BLOG *This post is written by our Preferred Lender* I wanted to address some of the most common questions we get when starting a Homebuyer Client relationship.  I’ll be addressing a new question each week in this Blog Post.  I hope you find this information helpful. HOW MUCH HOME CAN WE AFFORD?  […]