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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.
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.
The Seattle metro area housing market seems to have undergone yet another shift over the past few months. After cooling down during much of last year, the local real estate scene has been warming up again lately. The latest evidence can be found in a new report published by analysts at Realtor.com. It showed an ongoing decline in real estate listings with a price reduction. This suggests that Seattle-area sellers are less inclined to reduce their asking prices compared to a year ago.
In a previous article, we speculated on the possibility that California’s home-price downturn might end. Since then, even more evidence has come to light reinforcing that analysis. For example, data from Zillow and other sources show that the median home price has risen over the past few months. A new report from the California Association of Realtors predicts home sales and prices will increase in 2024. So, let’s look at these two “upturn” predictions for the California real estate market in 2024.
In California, mortgage insurance is often required when a home buyer makes a small down payment. A smaller down payment results in a higher loan-to-value ratio, which can require the borrower to pay mortgage insurance. This article is an educational resource for California home buyers and homeowners who have questions about this subject. Below, we have answered some of the most common questions relating to mortgage insurance in California, including costs, requirements, and other key topics.
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.
Today, we’ll be examining current real estate market trends and conditions in Tacoma, Washington — one of the most affordable housing markets in the Seattle area.
As we move into 2024, recent forecasts suggest that the Boise area real estate market could become more competitive for buyers.
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.
Last year, we heard a lot about real estate markets cooling down all across the country. But now, as we head further into 2024, the Seattle-area housing market appears to be revving up again.
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?
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.
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.
The state of Washington currently ranks #7 in the nation when it comes to the total number of military personnel living in the state. Because of this, plenty of folks could benefit from using a VA loan to buy a house. But there are specific steps you’ll need to take to get the ball rolling. In this article, you’ll learn how to apply for a VA home loan in the state of Washington.
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.
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.
A recent report showed that the San Diego real estate market experienced the most significant annual increase in home prices over the past year. It also experienced significant inventory declines during that same timeframe. But what does this mean for homebuyers in 2024? What’s the general outlook and forecast for the San Diego real estate market extending into 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.
In a previous article, we speculated on the possibility that California’s home-price downturn might end. Since then, even more evidence has come to light reinforcing that analysis. For example, data from Zillow and other sources show that the median home price has risen over the past few months. A new report from the California Association of Realtors predicts home sales and prices will increase in 2024. So, let’s look at these two “upturn” predictions for the California real estate market in 2024.
In California, mortgage insurance is often required when a home buyer makes a small down payment. A smaller down payment results in a higher loan-to-value ratio, which can require the borrower to pay mortgage insurance. This article is an educational resource for California home buyers and homeowners who have questions about this subject. Below, we have answered some of the most common questions relating to mortgage insurance in California, including costs, requirements, and other key topics.
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.
Do you plan to buy a home in Washington in 2023, using an FHA loan? If so, there’s some good news you should know about. Federal housing officials recently announced that they will be reducing the annual mortgage insurance premium for FHA home loans. This change could save Washington borrowers hundreds of dollars per year, by reducing one of the recurring expenses associated with FHA loans.
FHA mortgages are indispensable to many home buyers with credit issues and small down payments. However, time can change things making a conventional mortgage more attractive.
Buying a home is a huge investment for homebuyers, and it usually requires the financial assistance of a mortgage. If you are planning to buy a home in Idaho, you’ll want to get to know what your mortgage options.
As a homebuyer, you should know that you have many options in terms of home loan programs. Knowing what these options are can help you choose the one that works best for you.
A 20% down payment reassures the bank that if they had to foreclose on the property, the cash put up by the buyer would be enough to protect them. If the buyer wants to put less money down—let’s say 5% — they’ll still approve the loan, but only with some additional protection.
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.
The loan-to-value ratio, or LTV, is an important concept for home buyers and homeowners in Washington State. This article will go into more detail about the LTV and why it matters to mortgages.
When it comes to applying for a mortgage, should you go with a conventional or FHA loan? Read on to help you decide which is right for you and to check out our loan limit tool.
If you make a down payment of less than 20% on a home in Washington State, there’s a good chance you’ll have to pay mortgage insurance. Read on to learn more.
Whether you’re buying a home or ready to refinance, our professionals can help.
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No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.