Everywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house in Oregon, Washington or Idaho, this may leave you wondering if your plans are still a wise move. To help…
If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step in the process from an appraisal, which…
Have you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs. But there’s good news – your tax refund can help…
Understanding How Mortgage Rates Affect Homebuyers in Oregon and Washington Are you considering purchasing a home in Oregon or Washington? It’s important to understand how mortgage rates can impact your ability to buy. Even a small change in mortgage rates…
Experts' Projections for Home Prices in Oregon and Washington in 2023 Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a…
Some Highlights Today’s housing market is different than it was in 2008. Lending standards have tightened, foreclosures have declined, home inventory is much lower, and homeowners have far more equity. If you’re concerned about a crash, meet with a local real estate professional to discuss why this isn’t like last time.
The housing market has been going through shifts lately. That’s why it’s so important to work with a mortgage broker who can be your guide throughout the process. A mortgage broker uses their knowledge of what’s really happening with mortgage rates, supply,…
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of…
As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however,…
If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy…
