Summer Buying and Selling

How High Will Home Prices go?

 Are we in another Real Estate Bubble?

(**see funny back story below)

    Early May Headlines in the Northwest Multiple Listing  Spring 2014

   Housing activity ranges from "red hot" to "slowly healing"

***Looking back into an ad I did for Clamdigger

 in those "hot" early 2000's):

The Real Estate Press : "Full of  Bubbles"

Business Week: "Bubble Schmubble"

Miami Herald : "Most Bubbly"

King 5 TV :  "Will it Burst"

Lenders : "Interest Only"
Bloggers : "Correction Coming?"

Of Interest  in the news:
Recent article titled "“Are Real Estate Brokers Obsolete?"

My take on this is that years ago we were those mean "gatekeepers"of information, getting you into the office so you could have our secret list of homes.  Tech changed all that dramatically and you can search millions of homes on your own.  But the real estate industry is still about real property, human beings who buy and sell homes and it is also about time.  A good agent saves you money in the long run. We give you that time so you don't need to use yours. And yes, agents are compensated, as thousands of other profession in various industries. Whether it is getting your home market ready on the first day of listing, or exposure worldwide, a buyer's advantage program to get the right home at the right price, I am here to help!

Let this be my reminder to invite you or your friends to call me for questions and services!

Move-in Ready, this charming rambler features privacy, no lawn to mow, established easy-care landscaping.  Green belt, oversized patio,sunroom and an RV Parking area with Hookups.
3 br, 2bth.  Hardwood floors, spa master bath, lots of storage.  Immaculate interior with walls of glass for bringing the Outside In!

Yes, 2014 will be a good year in the Real Estate Industry!

Consumer confidence is improving, bring those reluctant buyers back into the market.

Short Sales and Foreclosures are still here, but may go away because inclidng markets don't demand them. As to new homes, inventory will still need to increase during 2014 and second homes and investors will increase. Inventory is needed, which makes for a happy dance for sellers!

 

Other Tips and Tidbits:

Savvy Sellers know  a CMA (Comparative Market Analysis) is needed to put their property in the best pricing.  So what is a PPA (Property Purchase Analysis)?

      Buyers will want one from their agent to assist them in making a fair offer for the property they are considering.

 

Tax Time: Make sure you are taking advantage of your deductions for

       buying and selling.

 

Crystal Ball ? Truth or Fiction?   

 

A.   Some predict  rates will rise in 2014 due to more activity in the housing

market and because of a stronger global economy. 

B.   Treasury rate to rise to 3.1 – 3.3, and 30 year mortgages currently at 4.45% could rise to 5 – 5.5% by the end of 2014.

C.   Inflation-Maybe about 1.8-1.9% 

D. Median home prices nationally up about 16%?

E.   National Unemployment could be as low as 6.8%