2024 brings relief to buyers and sellers as rates potentially hit their peak in Q4 of 2023 and are predicted to come down this year into the high 5% range or around 6%. So far rates have dropped from a peak close to 8% but are still in the high 6% range fluctuating between 6.5%-6.8%
Buyers need every advantage in this real estate market to help them compete. Join us Thursday Feb 29th at 11:30am to learn more about Ruby’s fast as cash loan options, rate buydowns and learn how inexpensive and convenient it can be to buy first and then sell your home. Looking forward to seeing you for a
Market Analysis As we head towards winter we are seeing rates drop a bit, recently down at 7.2%. We are seeing homes sit on the market right now and this can sometimes translate into good deals for buyers. Looking out a little further, in recent weeks rates hit a high of 7.72% and mortgage applications
Central Bank Pushes Policy Rate by a Quarter Point, Suggests Pause To Come Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference following a Federal Open Market Committee meeting on May 3. (Getty Images) By Christine Cooper and Chad LittellCoStar AnalyticsMay 3, 2023 | 1:55 P.M. As broadly expected, the Federal Reserve’s policy-making committee voted
As we approach the end of the year many fatigued buyers wonder whether we will continue to see a rise in real estate prices. According to Reuters and other news outlets prices are expected to rise into 2022, perhaps just at a little slower than the pace we have seen in 2021. What has caused
Spring Market 2021 Update A recent Seattle Times article said the Seattle Real estate market was “on steroids.” That seems like an understatement as low inventory and more buyers in the market are making the competition as stiff as ever, with average Seattle area home price escalations of $100,000-$200,000 above asking price and even $300,000-$400,000
Looking to Buy? Home Buyers Happy Hour + Workshop Join us at our office in Fremont for a free community Home Buyers Happy Hour + Workshop! September 19th 5:30-8:00 Learn about financing options and how to pick an agent. We will discuss various and “outside the box” housing options available in today’s housing market. Easy climate change
As the mortgage and credit crisis continues, the Federal Housing Administration (FHA) is becoming a lifeline for homebuyers seeking affordable mortgages. In fact, according to the U.S. Department of Housing and Urban Development the number of FHA-backed home loans rose from 3.7% in 2006 to 21.1% in 2009. Why are FHA loans so attractive? Because