Real Estate Yelm

Bill Sauneuf

Real estate market updates for Yelm, Washington and the surrounding area, including joint Base Lewis-McChord (JBLM), Fort Lewis, and McChord Air Force Base. Hosted by 20+ year real estate agent and expert marketer, Bill Sauneuf. Covers the communities of Yelm, Eatonville, Rainier, Lacey, Olympia, Tacoma, Spanaway, Graham and Puyallup. John L. Scott Real Estate / Yelm Bill Sauneuf, Real Estate Agent Call Today! 360-708-2929 Bill@Sauneuf.com Equal Housing Opportunity

  1. 02/05/2024

    Interest Rates vs. Property Values

    Interest Rates vs. Property Values   This has certainly been the biggest issue in real estate for the last year, or more..   The interest rates went from around 2.5% to around 7.5% on 30 year fixed mortgages, in just over a year.  Only the Government could do something so stupid!  Of course, this stalled the market.  Nationwide, in 2023 approximately one third fewer homes were sold than in 2022.  That’s huge! In Washington State, we saw prices decline as a result of the sharp increase in interest rates.  Buyers couldn’t afford as much for a house and the overwhelming sentiment was that it was a “Buyer’s Market”.  Statistically, this wasn’t true.  We had a shortage of homes, which should have caused it to be a “Seller’s Market” with price increases.  But that just didn’t happen.  Overall, house prices dropped approximately 9% in 2023.   As we enter 2024, the big question becomes….  “What’s next?”   Every article I read seems to have the same, or at least similar, predictions for 2024…..  The interest rates will come down, probably to as low as 6% on a 30 year fixed mortgage in 2024.  This trend has already begun.  We have seen rates come down for the last several weeks, by the tiniest amounts per week.  Yay! What does this mean for you?   As interest rates come down, there will be a surge in Home Buyers entering the market.  This has already begun in Washington State.  We are currently seeing new sales out-pacing new listings by nearly 2 to 1. – For every new listing coming on the market, two houses are selling.  This ratio can’t last long because there aren’t very many houses left on the market.  So, what’s next is very likely to be increasing prices and the return of bidding wars. The smart money says Buy Now!  Even though the rates aren’t great…  Buying before the surge in prices locks in the amount you pay for the house.  Afterward, as rates come down, you could refinance.

    Interest Rates vs. Property Values
  2. 06/03/2023

    Builders Love 2 Story Homes - Seniors Don't! - with Amit Baruch of New American Funding

    Builders Love Two-Story Homes One story house is cost more per square foot than two store houses. They just do. They cost more to build. There's a bigger roof, a bigger foundation. It takes a larger piece of property to build a one-story house on. So, the builders generally don't like them, and they don't want to build them. They want to build a two-story house because they can put more two-story houses on a plot of land. More houses equals more money. The Seniors are having a problem with this because as you know our population is getting older as the ‘Boomers’ age up. They all seem to want one-story houses. So, for the builders that are building one story houses… Good move! --------------- Amit Baruch and I have been friends in and out the real estate industry for over 20 years. He is a first rate lender and a great person! His mortgage lending office recently set up an in-house podcast studio with all of the bells and whistles and Amit invited me up to Kirkland to do a podcast! This was a combined "Yay!" and "Oh Shit!" experience for me as I've never done anything like this before. Fortunately for me, I had my friend Amit there to walk me through it. Just like he does with home loans, he helped make a very complicated thing into a simple thing. I hope you enjoy the podcast. Please let us know what you think of it in the comment section below. --------------- Here is Amit's contact information: Amit Baruch New American Funding Sales Manager / Loan Consultant NMLS# 505319 Cell: 206-786-9999 Fax: 425-465-8000 Email: Amit.Baruch@nafinc.com 12220 113th Ave NE #120 Kirkland, WA 98034

    Builders Love 2 Story Homes - Seniors Don't! - with Amit Baruch of New American Funding
  3. 05/27/2023

    Professional Marketing Matters!

    Amit: As a seasoned real estate broker, how do you separate yourself from the pack and deliver that quality and that value service to your buyers, or your sellers? Bill: Professional marketing. It's amazing how many people in this business don't understand marketing. They think “Oh, I'm going to sign a listing and miracles are supposed to just going to happen.” It takes professional marketing. I’m making videos. I’m making postcards… Old school stuff still works. The new-school stuff…. The videos still are working great. I use photography to tell the story of a house. I use the video to give perspective. It’s how you show the flow around the house. The photography provides details. --------------- Amit Baruch and I have been friends in and out the real estate industry for over 20 years. He is a first rate lender and a great person! His mortgage lending office recently set up an in-house podcast studio with all of the bells and whistles and Amit invited me up to Kirkland to do a podcast! This was a combined "Yay!" and "Oh Shit!" experience for me as I've never done anything like this before. Fortunately for me, I had my friend Amit there to walk me through it. Just like he does with home loans, he helped make a very complicated thing into a simple thing. I hope you enjoy the podcast. Please let us know what you think of it in the comment section below. --------------- Here is Amit's contact information: Amit Baruch New American Funding Sales Manager / Loan Consultant NMLS# 505319 Cell: 206-786-9999 Fax: 425-465-8000 Email: Amit.Baruch@nafinc.com 12220 113th Ave NE #120 Kirkland, WA 98034

    Professional Marketing Matters!

About

Real estate market updates for Yelm, Washington and the surrounding area, including joint Base Lewis-McChord (JBLM), Fort Lewis, and McChord Air Force Base. Hosted by 20+ year real estate agent and expert marketer, Bill Sauneuf. Covers the communities of Yelm, Eatonville, Rainier, Lacey, Olympia, Tacoma, Spanaway, Graham and Puyallup. John L. Scott Real Estate / Yelm Bill Sauneuf, Real Estate Agent Call Today! 360-708-2929 Bill@Sauneuf.com Equal Housing Opportunity