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Are you thinking about moving to the Boise metro area and buying a home? You’re not alone. While population growth has slowed since the pandemic boom, the Boise-area real estate market continues to lure home buyers from other parts of the country. This guide gives you a broad overview of the Boise-Nampa metropolitan area, with an emphasis on relocation and home buying. We will cover everything from geography to economy, and from real estate market trends to local attractions.
Like many parts of the country, California’s housing market has suffered from chronically low inventory levels for quite some time. Supply levels dropped further during the first few months of 2023 due to higher mortgage rates that cooled the real estate market. But in the early days of 2024, California housing market inventory levels are starting to rise again. And once again, mortgage rates play a central role. Rate reductions over the past couple of months have brought more sellers into the market, increasing inventory levels.
For a typical home buyer in the state of Washington, the down payment represents the biggest obstacle along the path to homeownership. So it’s essential for home buyers to understand the strategies and options available to them when making a down payment on a house. It’s equally important to tune out the common myths and misconceptions relating to down payments in Washington. And that’s exactly what we will focus on here today.
A recent housing market forecast published by Realtor.com suggested that California could have several of the hottest real estate markets in 2024. Southern California, in particular, is expected to see significant growth in 2024 in terms of home prices and sales. Here’s a look at the hottest California real estate markets of 2024 based on industry analysts’ latest data and projections
What’s the general outlook and forecast for the Denver, Colorado, housing market in 2024? Will the Mile High City hit a plateau next year regarding home-price growth? Or will house prices climb again now that they’re past the post-pandemic doldrums? While it’s difficult to offer real estate market predictions with complete accuracy, the Denver-area housing market seems likely to experience steady price gains in 2024.
The state of Washington is home to many military members and veterans. This means many residents could benefit from using the VA loan program, which is reserved for this group. As a Washington-based mortgage company specializing in VA loans, we do our best to educate home buyers and mortgage shoppers about this unique loan program. Today, we’ll explore the closing process when using a VA loan to buy a house in Washington.
The population of Idaho has increased significantly over the past few years, and with good reason. The state offers several benefits for those relocating from other parts of the country. It’s arguably one of the best places to buy a home, and here are some reasons why.
It’s widely known that California has some of the highest home prices of any state in the nation. Because of this, it also has a much higher average down payment, when compared to other states. A recent report showed that the median or average down payment in some parts of California now exceeds $300,000, as of 2024.
Forecasts suggest that house values in California could begin to rise at a moderate pace through the end of this year and into 2024. This would mirror the general outlook for the nation as a whole, and low supply levels have a lot to do with it. Here’s an update on current home price trends across the state of California, with a “best guess” outlook stretching into 2024.
Private mortgage insurance can be a confusing subject for first-time home buyers. And a lack of knowledge opens the door to misconceptions and misunderstanding. Today, we will address some of the most common “myths” and misconceptions about private mortgage insurance in the state of Washington.
The down payment and closing costs are two of the biggest concerns people have when buying a house in Washington. And it’s easy to understand why. These two expenses can add up to thousands of dollars, and they typically have to be paid up front on closing day. In a previous article, we offered some tips to help you prepare for the closing process when buying a house in the state of Washington. Today, we’ll focus on the costs associated with this process, and what you can do to prepare for them in advance.
Learn about the VA funding fee and other home loan closing costs. Find out how it works, who pays it, and if you’re exempt from paying. This one-time payment makes homeownership more accessible for Veterans, service members, and survivors.
Today, we will drill down on what is arguably the biggest benefit of VA home loans.This program allows eligible borrowers to buy a house in Washington with no down payment whatsoever, thereby removing one of the biggest hurdles to homeownership
The Boise, Idaho metro area experienced some of the biggest home-price gains during the past two years. But now, in early 2024, those soaring prices are starting to come back down to earth.
In fact, a recent report singled out Boise, Idaho as experiencing one of the sharpest declines in house values. Read on to find out why this is actually a great opportunity for home buyers.
Here is a list of the things an ideal buyer would come to the table with. This list doesn’t mean you must meet all the below requirements, but for a seller, these are the attributes of a perfect buyer and the more boxes you can check the better.
Don’t make the mistake of using APR alone to compare mortgage offers. Learn why it’s important to understand the difference between APR and interest rate.
Is Digital VA Home Appraisals in Washington State Coming Soon? This could expedite the process and possibly reduce costs for the borrower.
How is the current supply and demand situation in the real estate market affecting buyers and sellers? Read on to find out.
Explore the fundamental criteria for securing a VA home loan in our comprehensive guide. We delve into the key requirements including credit score, debt-to-income ratio, and documented income, providing insights to help military members and veterans navigate the loan process seamlessly. Whether you’re a first-time homebuyer or seeking to refinance, understanding these VA loan prerequisites is crucial for a successful mortgage application.
When buying a home in the state of Washington, you have an opportunity to request a real estate survey to identify the legal boundaries. Your mortgage lender might require a survey as well, if you’re financing a home purchase. As a buyer, you’ll want to know what a real estate property survey is, what it does, and how it could protect you as a homeowner in Washington. This guide answers all of those questions and more.
Seattle-area home buyers often want to know how different cities and communities compare with each other, in terms of home prices. Today we address one of those common questions: Is Bellevue cheaper than Seattle, from a real estate perspective?
Seattle, Washington has experienced a luxury condo boom in recent years, with a number of new projects coming onto the market. This trend is reshaping the downtown Seattle real estate market in a number of ways. This guide provides an overview of the luxury condo market in downtown Seattle and the surrounding area, as of 2024. It covers popular condominiums, current trends related to features and amenities, and other factors relevant to home buyers.
Before paying hundreds of thousands of dollars for a home in Seattle, you want to make sure the neighborhood is a good fit for your lifestyle. This is arguably just as important as the house itself. So let’s explore the most popular neighborhoods in Seattle, from a home buying perspective.
We’ve published many Seattle real estate market reports over the years, and most were geared toward home buyers. Today, we’ll offer some helpful insights for tech employees who are planning to relocate to Seattle in 2024.
As a Seattle-area mortgage company, we do our best to educate local home buyers about their different mortgage options. To continue that tradition, we’ve created an FHA loan fact sheet for borrowers in the state of Washington.
Surveys have shown there are many myths, misconceptions and misunderstandings surrounding VA loans. Some people who are well-qualified for the VA loan program, and could benefit from it, might be reluctant to apply due to misinformation. As a Washington-based mortgage company that specializes in VA loans, we do our best to educate military members and veterans about their mortgage-related benefits. So today, we will “debunk” seven of the most common myths relating to VA loans in the state of Washington.
Will 2024 be a good time to buy a home in the state of Oregon? As a mortgage company that serves the entire Pacific Northwest, we do our best to educate home buyers on current real estate market conditions across the region. Today, we set our sights on Oregon.
As we approach the end of 2023, we thought it would be helpful to take a look back at how the Seattle-area real estate market has changed over the past year. No one can predict future real estate trends with complete accuracy. But hindsight has a way of helping us prepare for the future and make more informed decisions. With that in mind, here is our 2023 year in review for the Seattle housing market.
Housing market inventory across the state of Washington is expected to remain tight in 2024, as it has been for several years now. One forecast predicted that we would see a decline in the number of homes for sale next year. Because of this, home buyers in WA State should explore all avenues for finding a property. And one of those avenues involves buying a for sale by owner or FSBO property.
Federal housing officials recently announced that they would be increasing the conforming loan limits in 2024 for most counties across the U.S. Here in the Seattle metro area, the 2024 conforming loan limit will be set at $977,500 for 2024. Home buyers in Seattle who need to borrow more than this limit can do so as long as they have the income to support it. When you borrow more than the conforming loan limit for your particular county, it’s considered a “jumbo” loan.
Are you planning to buy your first home in the state of Washington sometime during 2024? Wondering what the real estate market might be like next year and how it could affect you? If so, you’re in the right place. Sammamish Mortgage created this report to bring first-time home buyers up to speed on current market trends across the state of Washington so you can enter the market more prepared.
The Spokane, WA housing market in 2024 anticipates modest growth, with a steady rise in home prices and a notable increase in inventory levels. Despite the challenges of higher mortgage rates, buyers and sellers are adapting, suggesting a more balanced market. This environment promises better opportunities for homebuyers while maintaining healthy activity for sellers.
According to a Seattle Times report published earlier this year, there were more accessory dwelling units (ADUs) built in 2022 than detached single-family homes. That was the first time in Seattle’s history that ADUs outpaced single-home construction, underscoring the rising popularity of “granny flats” and other accessory dwelling units. The surge in ADU construction in Seattle partly stems from regulatory overhaul. In short, the city has made getting accessory dwelling units approved easier and faster to help ease the ongoing housing shortage.
Home buyers in the Seattle area might be tired of hearing about tight inventory conditions and other challenges. It can be wearying. But if you’re planning to enter the Seattle real estate market in 2024, you’ll want to have a clear understanding of current market conditions. Here’s an update on the housing inventory situation in Seattle and what it might mean for homebuyers in 2024.
There are several critical stages along the path to VA loan approval and closing. Mortgage underwriting is one of these critical stages. In this guide, we will walk through the different steps in the VA loan underwriting process and explain what borrowers can do to help keep that process on track.
People tend to have many questions about the home appraisal process in Washington, and we’ve addressed some of them in the past. In this article, we’ll review the average cost of an appraisal in Washington, factors influencing the cost, and scenarios where an appraisal might either be required or warranted.
People researching the Seattle-area real estate market are often surprised by the home price discrepancy between Tacoma and Seattle. Home prices within the city of Tacoma tend to be significantly lower than those in Seattle. But why? What factors make the Tacoma real estate market so much more affordable, when compared to the city of Seattle? After all, they’re both part of the same metropolitan statistical area (MSA) and only about 30 miles apart.
Are you thinking about moving to the Boise metro area and buying a home? You’re not alone. While population growth has slowed since the pandemic boom, the Boise-area real estate market continues to lure home buyers from other parts of the country. This guide gives you a broad overview of the Boise-Nampa metropolitan area, with an emphasis on relocation and home buying. We will cover everything from geography to economy, and from real estate market trends to local attractions.
Seattle-area home buyers often want to know how different cities and communities compare with each other, in terms of home prices. Today we address one of those common questions: Is Bellevue cheaper than Seattle, from a real estate perspective?
Seattle, Washington has experienced a luxury condo boom in recent years, with a number of new projects coming onto the market. This trend is reshaping the downtown Seattle real estate market in a number of ways. This guide provides an overview of the luxury condo market in downtown Seattle and the surrounding area, as of 2024. It covers popular condominiums, current trends related to features and amenities, and other factors relevant to home buyers.
Recent reports have shown that the Denver, Colorado real estate market could be more friendly toward home buyers in 2024. Home prices have flattened out after several years of steady gains. Houses are taking longer to sell with fewer offers. And the Denver metro area was recently singled out as having the biggest increase in new real estate listings over the past year.
Before paying hundreds of thousands of dollars for a home in Seattle, you want to make sure the neighborhood is a good fit for your lifestyle. This is arguably just as important as the house itself. So let’s explore the most popular neighborhoods in Seattle, from a home buying perspective.
We’ve published many Seattle real estate market reports over the years, and most were geared toward home buyers. Today, we’ll offer some helpful insights for tech employees who are planning to relocate to Seattle in 2024.
In this guide: An explanation of “Mello-Roos” taxes in California and how they can affect home buyers, including the pros and cons of buying in such a district.
The Spokane, WA housing market in 2024 anticipates modest growth, with a steady rise in home prices and a notable increase in inventory levels. Despite the challenges of higher mortgage rates, buyers and sellers are adapting, suggesting a more balanced market. This environment promises better opportunities for homebuyers while maintaining healthy activity for sellers.
According to a Seattle Times report published earlier this year, there were more accessory dwelling units (ADUs) built in 2022 than detached single-family homes. That was the first time in Seattle’s history that ADUs outpaced single-home construction, underscoring the rising popularity of “granny flats” and other accessory dwelling units. The surge in ADU construction in Seattle partly stems from regulatory overhaul. In short, the city has made getting accessory dwelling units approved easier and faster to help ease the ongoing housing shortage.
What’s the general outlook and forecast for the Denver, Colorado, housing market in 2024? Will the Mile High City hit a plateau next year regarding home-price growth? Or will house prices climb again now that they’re past the post-pandemic doldrums? While it’s difficult to offer real estate market predictions with complete accuracy, the Denver-area housing market seems likely to experience steady price gains in 2024.
When it comes to VA loans, the home appraisal is one of the most important steps along the path toward closing. The appraisal can determine whether the property is eligible for VA-backed mortgage financing. This article will explore the minimum property requirements for VA loans in Washington, where they come from, and how they can affect you when buying a house.
The population of Idaho has increased significantly over the past few years, and with good reason. The state offers several benefits for those relocating from other parts of the country. It’s arguably one of the best places to buy a home, and here are some reasons why.
We’ve heard a lot about real estate market inventory shortages over the past few years, both here in Washington and also nationwide. Low levels of supply have challenged home buyers, especially in the more populous parts of the state like the Seattle metro. But when it comes to buying a home in the state of Washington, there’s a solution for almost every challenge. Today, we will offer some tips for buying a home in Washington during a persistent inventory shortage.
Are you thinking about buying a home in the Seattle metro area? Is the city of Kirkland, Washington on your short list? If so, you’ve come to the right place. Below, we have created a guide to buying a home in Kirkland that includes everything potential buyer should know.
It can be challenging to save enough money for a down payment, especially in the Seattle area where home prices running higher than the national average. But with proper planning and good old-fashioned financial discipline, home buyers can overcome many of these challenges and achieve their dream of homeownership. This article explores three of the most common down payment challenges Seattle-area home buyers encounter, along with some strategies for overcoming them.
Bellevue, Washington is one of the most popular real estate markets in the Seattle area. And if you currently live there, or have visited in the past, you probably already know why. It has low crime rates, great schools, cultural and recreational opportunities, and plenty of natural splendor. It’s also one of the most expensive real estate markets in the state of Washington, and for all of the same reasons mentioned above. So you definitely want to do some research before entering this housing market.
At times, the Seattle metro area can be one of the most competitive real estate markets in the country. Demand from home buyers frequently exceeds the available supply, forcing buyers to compete for limited inventory. This is why it’s so important to make a strong offer on a house when buying in the Seattle area. Making mistakes during the offer stage could result in the house slipping through your fingers or going to another buyer. That’s the last thing you want. So let’s talk about how to do things right.
Explore the fundamental criteria for securing a VA home loan in our comprehensive guide. We delve into the key requirements including credit score, debt-to-income ratio, and documented income, providing insights to help military members and veterans navigate the loan process seamlessly. Whether you’re a first-time homebuyer or seeking to refinance, understanding these VA loan prerequisites is crucial for a successful mortgage application.
People researching the Seattle-area real estate market are often surprised by the home price discrepancy between Tacoma and Seattle. Home prices within the city of Tacoma tend to be significantly lower than those in Seattle. But why? What factors make the Tacoma real estate market so much more affordable, when compared to the city of Seattle? After all, they’re both part of the same metropolitan statistical area (MSA) and only about 30 miles apart.
Are you thinking about moving to the Boise metro area and buying a home? You’re not alone. While population growth has slowed since the pandemic boom, the Boise-area real estate market continues to lure home buyers from other parts of the country. This guide gives you a broad overview of the Boise-Nampa metropolitan area, with an emphasis on relocation and home buying. We will cover everything from geography to economy, and from real estate market trends to local attractions.
When buying a home in the state of Washington, you have an opportunity to request a real estate survey to identify the legal boundaries. Your mortgage lender might require a survey as well, if you’re financing a home purchase. As a buyer, you’ll want to know what a real estate property survey is, what it does, and how it could protect you as a homeowner in Washington. This guide answers all of those questions and more.
VA loans are a popular mortgage financing option for home buyers in the San Diego metro area. In fact, San Diego County usually has a higher VA loan volume than any other county in the U.S. With its many Navy and Marine Corps bases and facilities, the San Diego area has a huge military population. That means there are many home buyers in the area who could benefit from using the VA loan program.
Seattle-area home buyers often want to know how different cities and communities compare with each other, in terms of home prices. Today we address one of those common questions: Is Bellevue cheaper than Seattle, from a real estate perspective?
Seattle, Washington has experienced a luxury condo boom in recent years, with a number of new projects coming onto the market. This trend is reshaping the downtown Seattle real estate market in a number of ways. This guide provides an overview of the luxury condo market in downtown Seattle and the surrounding area, as of 2024. It covers popular condominiums, current trends related to features and amenities, and other factors relevant to home buyers.
Recent reports have shown that the Denver, Colorado real estate market could be more friendly toward home buyers in 2024. Home prices have flattened out after several years of steady gains. Houses are taking longer to sell with fewer offers. And the Denver metro area was recently singled out as having the biggest increase in new real estate listings over the past year.
Before paying hundreds of thousands of dollars for a home in Seattle, you want to make sure the neighborhood is a good fit for your lifestyle. This is arguably just as important as the house itself. So let’s explore the most popular neighborhoods in Seattle, from a home buying perspective.
We’ve published many Seattle real estate market reports over the years, and most were geared toward home buyers. Today, we’ll offer some helpful insights for tech employees who are planning to relocate to Seattle in 2024.
In this guide: An explanation of “Mello-Roos” taxes in California and how they can affect home buyers, including the pros and cons of buying in such a district.
Will the rest of 2024 be a good time to refinance a home in the state of Washington? Can homeowners benefit from the drop in mortgage rates that occurred at the end of 2023? Those are two of the frequently asked questions we’ll be addressing in this mortgage market update for 2024.
As a Seattle-area mortgage company, we do our best to educate local home buyers about their different mortgage options. To continue that tradition, we’ve created an FHA loan fact sheet for borrowers in the state of Washington.
Portland, Oregon, home buyers could enjoy a slower real estate market in 2024, with lower home prices and mortgage rates. For these and other reasons, the Portland housing market could be more buyer-friendly in 2024 compared to the past few years. Here’s an updated look at current real estate trends across the Portland-Vancouver metro area, emphasizing the above buyer-friendly conditions.
Like many parts of the country, California’s housing market has suffered from chronically low inventory levels for quite some time. Supply levels dropped further during the first few months of 2023 due to higher mortgage rates that cooled the real estate market. But in the early days of 2024, California housing market inventory levels are starting to rise again. And once again, mortgage rates play a central role. Rate reductions over the past couple of months have brought more sellers into the market, increasing inventory levels.
In 2024, home buyers in Washington could enjoy lower mortgage rates than last year (on average), along with higher loan limits for FHA and conventional loans. Those are just two of the Washington mortgage trends you should know about in 2024, if you’re planning to buy or refinance a home. So let’s take a closer look at these trends and what they might mean for borrowers in 2024.
Surveys have shown there are many myths, misconceptions and misunderstandings surrounding VA loans. Some people who are well-qualified for the VA loan program, and could benefit from it, might be reluctant to apply due to misinformation. As a Washington-based mortgage company that specializes in VA loans, we do our best to educate military members and veterans about their mortgage-related benefits. So today, we will “debunk” seven of the most common myths relating to VA loans in the state of Washington.
What’s the average VA loan amount in the state of Washington? How many VA loans are processed and closed in Washington each year, and how does that compare to the rest of the nation? These are just a few of the questions we can answer by reviewing a recent VA loan usage report published by the U.S. Department of Veterans Affairs, summarizing the previous 12 months.
Portland, Oregon, home buyers could enjoy a slower real estate market in 2024, with lower home prices and mortgage rates. For these and other reasons, the Portland housing market could be more buyer-friendly in 2024 compared to the past few years. Here’s an updated look at current real estate trends across the Portland-Vancouver metro area, emphasizing the above buyer-friendly conditions.
Will 2024 be a good time to buy a home in the state of Oregon? As a mortgage company that serves the entire Pacific Northwest, we do our best to educate home buyers on current real estate market conditions across the region. Today, we set our sights on Oregon.
Like many cities across the country, the real estate market in and around Portland, Oregon is experiencing something of a paradox in 2023. Home prices have begun rising again, despite the fact that higher mortgage rates have softened demand among buyers. This ongoing trend will affect anyone who is planning to buy a home in the Portland metro area through the rest of 2023 and into 2024. We recently published a detailed outlook for the Portland real estate market, covering a variety of housing-related factors. Today, we will focus on the counterintuitive combination of rising home prices amid slower sales.
It has been a while since we took a forward-looking view at the real estate market in Portland, Oregon (one of the primary markets we serve). And a lot has changed since our last forecast report, published back in October. Back then, this market was cooling down considerably. Now it appears to be heating back up again.
The Portland, OR real estate market experienced a drop in inventory over recent years. Inventory in the Portland area still remains low, though local real estate experts believe we could see a shift in this trend.
The real estate market in Portland, Oregon has experienced a lot of interesting trends and developments over the past few years. So we thought it might be helpful to provide a 2024 roundup of the latest home price trends for the Portland, Oregon metro area.
Home buyers planning a purchase in the Seattle metro area have a lot of options when it comes to price, property types, and local attractions. Today, we’ll examine the differences between two major cities in the area — Seattle & Sammamish.
In the real estate world, the big headline right now is that the housing market is cooling down. Home buyers within the Portland, Oregon housing market can actually benefit from this cooling trend. Below, we will examine three advantages buyers have today that they haven’t enjoyed for quite some time.
As we explained in a recent blog post, the real estate market in Portland, Oregon has undergone quite a few changes. And it looks like that could continue into 2024 as well.
Recent forecasts and predictions for the Portland-area housing market suggest that things could be very different next year, compared to what we’ve become used to.
The biggest change has to do with the overall pace of the real estate scene.
As of early 2024, the average down payment for a median-priced home in the Portland, Oregon metro area was around $63,368.
We’ve provided a roundup of the latest real estate market trends for the Portland, Oregon metro area, as of summer 2022. Learn more now!
Consider how easy it will be to sell the home, even before you put in an offer. Will the property be easy to market and attract the masses of buyers looking for their new home? Read on to discover important factors to consider when buying a new home, with the potential of selling it in the future.
How is the current supply and demand situation in the real estate market affecting buyers and sellers? Read on to find out.
It’s a hot seller’s market right now and has been for quite some time. Buyer demand continues to be very strong, which has helped keep home prices soaring in many centers throughout Washington, Oregon, Idaho, and Colorado.
If you’re looking to buy a home in 2022, you should be aware of some of the challenges that might come your way. Here are a few hurdles to look for, along with solutions to these potential issues.
The problem for buyers who depend on a mortgage is the challenge of competing with all-cash offers, particularly in multiple offer situations. How can you compete with a cash offer when buying a home to ensure you come out the winning bidder?
Your finances need to be optimized to the fullest to maximize your purchasing power. Budgeting your money in advance will help you give your Loan Officer a realistic picture of your ability to repay the loan. Here’s what you need to know about budgeting to buy a house.
The Portland real estate market is a healthy one right now. Home prices have been on the rise, large in part due to the high demand for homes and the continued influx of new residents. Let’s go over some of the current trends and future Portland housing market forecast 2024 to help you make a more informed buying decision in the months ahead.
Real estate markets across the state of Washington have reversed course over the past few months. From Seattle to Spokane, local housing markets have cooled considerably in 2024. It’s almost like we’ve gone from a seller’s to a buyer’s market in no time at all.
Now, as we approach the end of the year, many home buyers in Washington are looking ahead to 2023. And a lot of them are probably wondering the same thing: Will 2023 be a good time to buy a house in Washington?
What are the top Boise real estate trends this year? Perhaps more importantly, what is the Boise housing market forecast for 2024? Let’s answer these questions to help you determine whether next year is a good time to buy.
The high demand for homes is likely here for the foreseeable future, but that doesn’t mean you cannot make your dreams of homeownership a reality in 2022.
Portland, Oregon is a mecca for techies, geeks, art lovers, and more. The question remains, however – Is the Eastside or the Westside better?
Portland, OR has quickly become a highly attractive place for people to flock to. Its natural beauty, thriving economy, and affordable housing market make it a great place to live.
Whether you’re dealing with an older home, a tricky duct system or an unfinished basement, here are several ceiling solutions to brighten up the space above your head.
Portland, Oregon, home buyers could enjoy a slower real estate market in 2024, with lower home prices and mortgage rates. For these and other reasons, the Portland housing market could be more buyer-friendly in 2024 compared to the past few years. Here’s an updated look at current real estate trends across the Portland-Vancouver metro area, emphasizing the above buyer-friendly conditions.
Will 2024 be a good time to buy a home in the state of Oregon? As a mortgage company that serves the entire Pacific Northwest, we do our best to educate home buyers on current real estate market conditions across the region. Today, we set our sights on Oregon.
Like many cities across the country, the real estate market in and around Portland, Oregon is experiencing something of a paradox in 2023. Home prices have begun rising again, despite the fact that higher mortgage rates have softened demand among buyers. This ongoing trend will affect anyone who is planning to buy a home in the Portland metro area through the rest of 2023 and into 2024. We recently published a detailed outlook for the Portland real estate market, covering a variety of housing-related factors. Today, we will focus on the counterintuitive combination of rising home prices amid slower sales.
It has been a while since we took a forward-looking view at the real estate market in Portland, Oregon (one of the primary markets we serve). And a lot has changed since our last forecast report, published back in October. Back then, this market was cooling down considerably. Now it appears to be heating back up again.
The Portland, OR real estate market experienced a drop in inventory over recent years. Inventory in the Portland area still remains low, though local real estate experts believe we could see a shift in this trend.
The real estate market in Portland, Oregon has experienced a lot of interesting trends and developments over the past few years. So we thought it might be helpful to provide a 2024 roundup of the latest home price trends for the Portland, Oregon metro area.
Home buyers planning a purchase in the Seattle metro area have a lot of options when it comes to price, property types, and local attractions. Today, we’ll examine the differences between two major cities in the area — Seattle & Sammamish.
In the real estate world, the big headline right now is that the housing market is cooling down. Home buyers within the Portland, Oregon housing market can actually benefit from this cooling trend. Below, we will examine three advantages buyers have today that they haven’t enjoyed for quite some time.
As we explained in a recent blog post, the real estate market in Portland, Oregon has undergone quite a few changes. And it looks like that could continue into 2024 as well.
Recent forecasts and predictions for the Portland-area housing market suggest that things could be very different next year, compared to what we’ve become used to.
The biggest change has to do with the overall pace of the real estate scene.
As of early 2024, the average down payment for a median-priced home in the Portland, Oregon metro area was around $63,368.
We’ve provided a roundup of the latest real estate market trends for the Portland, Oregon metro area, as of summer 2022. Learn more now!
Consider how easy it will be to sell the home, even before you put in an offer. Will the property be easy to market and attract the masses of buyers looking for their new home? Read on to discover important factors to consider when buying a new home, with the potential of selling it in the future.
How is the current supply and demand situation in the real estate market affecting buyers and sellers? Read on to find out.
It’s a hot seller’s market right now and has been for quite some time. Buyer demand continues to be very strong, which has helped keep home prices soaring in many centers throughout Washington, Oregon, Idaho, and Colorado.
If you’re looking to buy a home in 2022, you should be aware of some of the challenges that might come your way. Here are a few hurdles to look for, along with solutions to these potential issues.
The problem for buyers who depend on a mortgage is the challenge of competing with all-cash offers, particularly in multiple offer situations. How can you compete with a cash offer when buying a home to ensure you come out the winning bidder?
Your finances need to be optimized to the fullest to maximize your purchasing power. Budgeting your money in advance will help you give your Loan Officer a realistic picture of your ability to repay the loan. Here’s what you need to know about budgeting to buy a house.
The Portland real estate market is a healthy one right now. Home prices have been on the rise, large in part due to the high demand for homes and the continued influx of new residents. Let’s go over some of the current trends and future Portland housing market forecast 2024 to help you make a more informed buying decision in the months ahead.
Explore the fundamental criteria for securing a VA home loan in our comprehensive guide. We delve into the key requirements including credit score, debt-to-income ratio, and documented income, providing insights to help military members and veterans navigate the loan process seamlessly. Whether you’re a first-time homebuyer or seeking to refinance, understanding these VA loan prerequisites is crucial for a successful mortgage application.
People researching the Seattle-area real estate market are often surprised by the home price discrepancy between Tacoma and Seattle. Home prices within the city of Tacoma tend to be significantly lower than those in Seattle. But why? What factors make the Tacoma real estate market so much more affordable, when compared to the city of Seattle? After all, they’re both part of the same metropolitan statistical area (MSA) and only about 30 miles apart.
Are you thinking about moving to the Boise metro area and buying a home? You’re not alone. While population growth has slowed since the pandemic boom, the Boise-area real estate market continues to lure home buyers from other parts of the country. This guide gives you a broad overview of the Boise-Nampa metropolitan area, with an emphasis on relocation and home buying. We will cover everything from geography to economy, and from real estate market trends to local attractions.
When buying a home in the state of Washington, you have an opportunity to request a real estate survey to identify the legal boundaries. Your mortgage lender might require a survey as well, if you’re financing a home purchase. As a buyer, you’ll want to know what a real estate property survey is, what it does, and how it could protect you as a homeowner in Washington. This guide answers all of those questions and more.
VA loans are a popular mortgage financing option for home buyers in the San Diego metro area. In fact, San Diego County usually has a higher VA loan volume than any other county in the U.S. With its many Navy and Marine Corps bases and facilities, the San Diego area has a huge military population. That means there are many home buyers in the area who could benefit from using the VA loan program.
Seattle-area home buyers often want to know how different cities and communities compare with each other, in terms of home prices. Today we address one of those common questions: Is Bellevue cheaper than Seattle, from a real estate perspective?
Seattle, Washington has experienced a luxury condo boom in recent years, with a number of new projects coming onto the market. This trend is reshaping the downtown Seattle real estate market in a number of ways. This guide provides an overview of the luxury condo market in downtown Seattle and the surrounding area, as of 2024. It covers popular condominiums, current trends related to features and amenities, and other factors relevant to home buyers.
Recent reports have shown that the Denver, Colorado real estate market could be more friendly toward home buyers in 2024. Home prices have flattened out after several years of steady gains. Houses are taking longer to sell with fewer offers. And the Denver metro area was recently singled out as having the biggest increase in new real estate listings over the past year.
Before paying hundreds of thousands of dollars for a home in Seattle, you want to make sure the neighborhood is a good fit for your lifestyle. This is arguably just as important as the house itself. So let’s explore the most popular neighborhoods in Seattle, from a home buying perspective.
We’ve published many Seattle real estate market reports over the years, and most were geared toward home buyers. Today, we’ll offer some helpful insights for tech employees who are planning to relocate to Seattle in 2024.
In this guide: An explanation of “Mello-Roos” taxes in California and how they can affect home buyers, including the pros and cons of buying in such a district.
Will the rest of 2024 be a good time to refinance a home in the state of Washington? Can homeowners benefit from the drop in mortgage rates that occurred at the end of 2023? Those are two of the frequently asked questions we’ll be addressing in this mortgage market update for 2024.
As a Seattle-area mortgage company, we do our best to educate local home buyers about their different mortgage options. To continue that tradition, we’ve created an FHA loan fact sheet for borrowers in the state of Washington.
Portland, Oregon, home buyers could enjoy a slower real estate market in 2024, with lower home prices and mortgage rates. For these and other reasons, the Portland housing market could be more buyer-friendly in 2024 compared to the past few years. Here’s an updated look at current real estate trends across the Portland-Vancouver metro area, emphasizing the above buyer-friendly conditions.
Like many parts of the country, California’s housing market has suffered from chronically low inventory levels for quite some time. Supply levels dropped further during the first few months of 2023 due to higher mortgage rates that cooled the real estate market. But in the early days of 2024, California housing market inventory levels are starting to rise again. And once again, mortgage rates play a central role. Rate reductions over the past couple of months have brought more sellers into the market, increasing inventory levels.
In 2024, home buyers in Washington could enjoy lower mortgage rates than last year (on average), along with higher loan limits for FHA and conventional loans. Those are just two of the Washington mortgage trends you should know about in 2024, if you’re planning to buy or refinance a home. So let’s take a closer look at these trends and what they might mean for borrowers in 2024.
Surveys have shown there are many myths, misconceptions and misunderstandings surrounding VA loans. Some people who are well-qualified for the VA loan program, and could benefit from it, might be reluctant to apply due to misinformation. As a Washington-based mortgage company that specializes in VA loans, we do our best to educate military members and veterans about their mortgage-related benefits. So today, we will “debunk” seven of the most common myths relating to VA loans in the state of Washington.
What’s the average VA loan amount in the state of Washington? How many VA loans are processed and closed in Washington each year, and how does that compare to the rest of the nation? These are just a few of the questions we can answer by reviewing a recent VA loan usage report published by the U.S. Department of Veterans Affairs, summarizing the previous 12 months.
Whether you’re buying a home or ready to refinance, our professionals can help.
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