Hammer Sells Homes - Puget Sound Blog

March 1, 2021

Interest Rate Update: Week of March 1st

Good Monday Afternoon!

It has been a very rough two weeks for the mortgage bond markets with the most volatility we have seen in 11 months. Investors are very concerned about inflation and so they have traded out of Treasuries and mortgage bonds and sent rates moving higher.

View More
Feb. 25, 2021

Thinking of Getting Your House Ready to Sell?

Posted in Selling Homes
Feb. 24, 2021

Are There Going to Be More Homes to Buy This Year?

 

Are There Going to Be More Homes to Buy This Year? | MyKCM

If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, inventory of available homes for sale is at an all-time low – the lowest point recorded since NAR began tracking this metric in 1982. There are, however, more homes expected to hit the market later this year. Let’s break down the three key places they’ll likely come from as 2021 continues on.

View More
Feb. 17, 2021

Will Low Mortgage Rates Continue through 2021?

 

Will Low Mortgage Rates Continue through 2021? | MyKCM

With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting:

View More
Feb. 10, 2021

The Luxury Market Is Attracting Buyers in 2021

 

The Luxury Market Is Attracting Buyers in 2021 | MyKCM

As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report, the Institute for Luxury Home Marketing (ILHM) shares:

View More
Feb. 2, 2021

What Record-Low Housing Inventory Means for You

 

What Record-Low Housing Inventory Means for You | MyKCM

The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report, which shows that the inventory of homes for sale is currently at an all-time low. The report explains:

View More
Jan. 27, 2021

Things to Avoid after Applying for a Mortgage

 

Things to Avoid after Applying for a Mortgage [INFOGRAPHIC]

Some Highlights

  • There are a few key things to make sure you avoid after applying for a mortgage to help make sure you still qualify for your loan at the closing table.
  • Along the way, be sure to discuss any changes in income, assets, or credit with your lender, so you don’t unintentionally jeopardize your application.
  • The best plan is to fully disclose your intentions with your lender before you do anything financial in nature.
Posted in Buying Homes, Economics
Jan. 20, 2021

Owning a Home Is Still More Affordable Than Renting One

 

Owning a Home Is Still More Affordable Than Renting One | MyKCM

If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, it’s still more affordable to buy a home than rent one. Here’s why.

View More
Jan. 13, 2021

What Does 2021 Have in Store for Home Values?

 

What Does 2021 Have in Store for Home Values? | MyKCM

According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates. As CoreLogic explained:

View More
Jan. 6, 2021

3 Must-Do’s When Selling Your House This Year

 

3 Must-Do’s When Selling Your House This Year | MyKCM

It’s exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what’s to come, we can still have deep sentimental attachments to the home we’re leaving behind. Growing emotions can help or hinder a sale depending on how we manage them.

View More