Even more great news for buyers! Not only is there ton more inventory to choose from than has been available the last few years, mortgage rates are dropping as well. This last week saw the biggest one-week drop in a decade. Rates overall are down almost a full point (1%!) from last October. Now is a great time to buy - if you've been on the fence, let's get you a home! Contact me anytime for all your real estate needs, I'd love to help you get into your new home.
See the article below from freddiemac.com (source link below, along with a good read from fortune.com regarding the rate drop):
The Federal Reserve's concern about the prospects for slowing economic growth caused investor jitters to drive down mortgage rates by the largest amount in
The Seattle City Council votes today on whether to allow taller buildings and denser construction in 27 Seattle neighborhoods while adopting new requirements for developers to help create affordable housing.
But if it passes the vote, exactly which neighborhoods are being impacted and how? Well, the short answer is it's complicated. Many different zones and many different areas in each zone are impacted differently. There's a lot to sort out.
However, there is a website that the city provided that has that information on an interactive GIS map. You can see on the map which areas are in the plan, down to the block. You can also zoom in and click on certain areas to see the detail of the plan for that specific area. You can even enter in your address
Welcome! Here we'll look at statistics from 3 different neighborhoods in Northwest Seattle, and then also Seattle as a whole for comparison. The 3 neighborhoods we'll look at here are - Ballard, Blue Ridge/North Beach, and Greenwood + Broadview.
This first chart has the median sales price for the previous month, and data to compare from the same month for the previous 2 years
The next chart has the overall price per square foot data for the previous month, and data to compare from the same month for the previous 2 years:
Next we'll look at the number of new listings for the previous month, and data to compare from the same month for the previous 2 years:
There’s no shortage of advice online about the best time to list, and it all goes something like this: The vast majority of home sales occur when the weather heats up, and homes sold during this time of year tend to attract high prices. Conventional wisdom tells us it’s best to list early in the year. That way, you’re sure to benefit from the Spring peak in sales, and the premium pricing during the warmer months as well. List too late, we’re warned, and you could miss this warm weather bump.
At first blush, this conventional wisdom seems particularly wise. After all, there’s one thing that all homeowners looking to sell have in common — they want to do so as quickly as possible, and for as much money as possible. Listing early, in theory, means