Check Your Nads Lads

I’ll be attending the Kenmore Ball Crawl in support of the Family Jewels Foundation. Nancy Balin devotes her life to spreading information to young men and boys about testicular cancer. It’s a tough talk to start to talk about but so important. Please join me and share this info. with the men/boys in your life.

How Big of a Deal Are Rising Interest Rates?

You keep hearing, “The feds are planning to increase rates” Why is this a big deal?

If you are planning to buy a home an increase can have a dramatic impact on how much home you qualify to buy. For every .5(one-half) percent increase in interest rate your purchasing power may be decreased by 4 to 5 percent. Often people want to wait until they save more for a down payment, but this often isn’t the best strategy. You may be better off locking in a lower interest rate now. The effect of a larger down payment may be minimal compared to the increase caused by a rise in interest rates.

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7 outrageously priced homes that reveal an ominous sign for the housing market

Our own little Lake Forest Park made the list.  Washington’s suburbs once offered more affordable housing options for the thousands of Amazon, Microsoft, Boeing, and tech boom employees priced out of Seattle. Today, however, high real estate prices have extended into the suburbs.

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Why is it so difficult to find a contractor when I need one?

If you’ve wondered why it’s so difficult to find a contractor when you need one here is an article that explains the current crisis we are having in the construction industry. The key is to do your best to maintain your home home so that you don’t end up in a crisis situation. If you want to do some  remodeling plan ahead and be patient and interview a few to find the right fit for you. Be a little wary of the contractor who doesn’t seem busy and pushes you to get going right away. If you need suggestions please let me know.

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Seattle’s Home Prices Lead the Nation Again…But Are Changes Coming?

Greater Seattle has now led the nation in home price increases for 20 months in a row, tied for the second-longest streak.
Seattle has been the hottest housing market in the country since September 2016. Since then, home prices here have grown about $200,000 — about eight times the national average.
At the beginning of the streak, the typical house cost $625,000 in Seattle and $768,000 on the Eastside. Now median-priced homes are selling for $830,000 in Seattle and $960,000 on the Eastside. Source:Seattle Times.

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