Informative information on all the steps of buying and selling real estate, as provided by a 40 year industry leader in the real estate business, as a full time Realtor. Experience and expertise you can trust
Jan 2024 NWMLS sales activity, Market Trends and Buyer Broker Services Agreement
Yes, we continue to struggle with very low inventory, yet buyers are looking and buying homes with a few homes being sold after receiving multiple offers. If we see any interest rate reductions I think the market will get busier with more buyer activity and the inventory will contuinue to shrink as all indications are that we will not see any increase in any inventory for the next few years
Mortgage rates and the local real estate market - with Laurie Ausmus at Washington First Mortgage Loan Corp
What is going on with the mortgage rates? What does it look like for interest rates in the near future? Are there and loan programs that are appealing to buyers? Is this a good time to buy or sell?
Dec 2023 NWMLS Real estate activity stats and the NEW Buyer broker agreements
Happy New Year! December was another month of continued low inventory, the only real highlight was that interest rates had fallen to the low 6% which helped with increased sales. I believe that rates will fall to the mid 5's by the spring of 2024. As a reminder, Jan 1 2024 ALL buyers MUST sign the new state approved Buyer Broker Service Agreement. Thinking of selling? Get your home prepared to sell. If you are looking to buy a home then get pre-approved for financing. I expect a busy 1st quarter for 2024 with good homes selling quickly
Nov 2023 NWMLS Stats and New NWMLS rules on buyers representation and buyer compensation to real estate brokers
Yes, interest rates continue to go down, and Yes home are selling!
Starting Jan 2024 there will be new rules on buyer representation, written contracts, that will include how the buyer broker will be compensated, either from the seller(s) or the buyer(s).
Oct 2023 NWMLS Sales Report and more thoughts on the current real estate market
YES, homes are still selling, YES buyers are looking and YES interest rates have gone down for the last 2 weeks. - There are lots of great homes to buy!
Market Activity from our NWMLS for Sept 2023 and New laws on Agency and Agent/Broker compensation starting January 2024.
Yes, the market is still very active with lots of buyer interest in "good" homes (homes in good condition and preiced according to current market valuations) even with higher interest rates. We also have new state laws taking place effective January 2024, have a discussion with your real estate Agent/Broker about the changes as this will affect BOTH Buyers and Sellers.
Love this podcast! Great information, with thorough research and data. Keep up the good work!!
Thank you for the podcast