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Tuesday, April 10. 2007
The unemployment rate has come in along with the average hourly earnings and this affected home loan rates this week. See how in this weeks mortgage update. Weekly Mortgage Update.
Thursday, March 1. 2007
| Snohomish County Stat Comparison | February | January | December | November | | Residential Home Sales | 595 | 501 | 729 | 720 | | Residential Homes Pending Sale | 1,349* | 1,205 | 1,134 | 1,408 | | Active Residential Listings | 3,112 | 3,112 | 2,817 | 3,425 |
* 846 went pending in the month of February The real estate market is starting to pick up. The next three months are historically the most robust in real estate. We are coming off a pretty slow January but seem to have turned a corner in February. We are seeing a more level playing field between buyers and sellers – it’s no longer a solid seller’s market as before. Some areas are even anticipating a true buyer’s market due to the excess in inventory. With interest rates staying low and the local economy going strong, it’s still a great time to buy or sell a home. Interest rates remain around 6.25% for a 30-year fixed with no points.
Thursday, February 1. 2007
Snohomish County Stat Comparison | January | December | November | October | Residential Home Sales | 501 | 729 | 720 | 836 | Residential Homes Pending Sale | 1,205* | 1,134 | 1,408 | 1,589 | Active Residential Listings | 3,112 | 2,817 | 3,425 | 3,525 |
*501 went pending in January
The first month of 2007 is behind us. In the real estate market we started to see an increase in activity from buyer traffic and new listings, and the activity in my office has picked up. We are approaching the busiest months in real estate, and I expect the real estate market to be strong for both buyers and sellers. Currently we have a saturation rate of 2.5 months worth of inventory, and we are getting closer to an even playing field when it comes to a buyer’s or seller’s market.
Interest rates remain around 6.25% for a 30-year fixed with no points.
Tuesday, January 2. 2007
| Snohomish County Stat Comparison | December | November | October | September | | Residential Home Sales | 729 | 720 | 836 | 907 | | Residential Homes Pending Sale | 1,134* | 1,408 | 1,589 | 1,670 | | Active Residential Listings | 2,817 | 3,425 | 3,525 | 3,546 |
*455 went pending in the month of December December is the last month in the calendar year, but it did not end up as the worst month in real estate. Even with the weather, power outages, and holidays, December ended the year strong. There was a considerable drop in “active” listings, but this typically occurs around the holidays as many sellers take their homes off the market to re-list again in January. I would expect a surge of listings to come to the market in early January. Interest rates remain for a 30-year fixed with no points is around or below 6.00%.
Tuesday, December 19. 2006
The retail sales numbers came in strong! Take a look how that will affect interest rates. Weekly mortgage update for Dec. 18th, 2006.
Monday, November 20. 2006
The forecast for this week will have little to no change with the Holiday weekend but take a look at the come back of the two dollar bill! Weekly mortgage update for the Thanksgiving week of 2006.
Monday, November 13. 2006
Not much happened this week but take a look at this weeks mortgage update for November 13, 2006. Weekly mortgage update for November 13, 2006.
Monday, October 30. 2006
Will there be a rate hike in the near future? Take a look at this weeks weekly mortgage update for the answer. Weekly Mortgage update for October 30,2006.
Thursday, October 26. 2006
Here is this weeks weekly mortgage update. Mortgage update for October 26, 2006
Tuesday, October 17. 2006
Here is snap shot of this weeks weekly mortgage update. Mortgage update for the week of October 16th, 2006.
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