Home Buyers

Swings in the amount of available homes, interest rates, economic conditions, and demographic trends all affect the housing market. The direction of these shifts determines whether a seller’s or buyer’s market prevails. A common term used among economists is…'

Looking to buy a home in the Seattle area, but aren’t sure what prices are going for in various suburbs in the city? Read on to find out some of the best suburbs in Seattle for homebuyers.'

Nearly all home buyers who use an FHA loan in Washington State have to pay mortgage insurance premiums. Those premiums are required by the Federal Housing Administration and help to sustain the agency’s capital reserves. '

Recent data suggests that mortgage underwriting criteria in Washington State and nationwide have eased in recent years. This was true up until very recently. But the coronavirus pandemic may be putting a damper on mortgage eligibility. '

In a previous blog post, we noted how home prices in the Seattle-Tacoma-Bellevue metro area have risen at a much faster pace than household incomes. This trend could cause more and more Seattle-area home buyers to use down payment gifts…'

Summary: FHA loans are a popular mortgage option among home buyers in Washington State, and elsewhere across the country. They don’t compete with conventional loans, in terms of overall market share. But they do come in second. In this article,…'