Good Monday Morning!
It’s Thanksgiving Week and the bond markets will be closed on Thursday and Friday which means any buyers looking to lock in their interest rate should do it today or tomorrow.
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Hammer Sells Homes - Puget Sound Blog
Nov. 18, 2020
Homes for Sale Are Rapidly Disappearing
Nov. 16, 2020
Interest Rate Update: Week of November 16th
Good Monday Morning! Last week started off with the big news of the effectiveness of the Pfizer COVID vaccine in clinical trials and the stock markets jumped on the news. Initially, interest rates took a hit but as the week went on, interest rates slid back to their levels of the week prior. This morning,
View MoreNov. 11, 2020
Is it Safe to Sell My House Right Now?
Nov. 9, 2020
Interest Rate Update: Week of November 9th
Good Monday Morning!
The stock market has been on a tear since the election. Last week, stocks seemed to respond favorably to the idea of Democrats in control of the White House and the House of Representatives with Republicans maintaining control of the Senate – neither party could force it’s agenda on the other.
View MoreNov. 4, 2020
Three Ways Low Inventory Is a Win for Sellers
The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR):
"There is no shortage of hopeful, potential buyers, but inventory is historically low."
Nov. 2, 2020
Interest Rate Update: Week of November 2nd
Good Monday Morning!
There will be a lot of information for the markets to digest this week. We have the election on Tuesday, several announcements from the Fed and other Central Banks on Tuesday, Wednesday and Thursday and the Jobs Report on Friday. We could see a lot of volatility in the stock markets, some movement in the Treasury markets and probably less movement in the mortgage bond markets.
View MoreOct. 28, 2020
Home Values Projected to Keep Rising
As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come.
Oct. 26, 2020
Interest Rate Update: Week of October 26th
Good Monday Afternoon!
After seeing bond market yields tick up slightly for about 10 days, we saw them level off at the end of last week. We haven’t seen much news to cause concern in the mortgage bond markets but the 10 Yr Treasury rate has been climbing steadily for a couple of weeks and that action has pulled mortgage bond yields higher as well. The next big event that could affect the markets is the election so perhaps rates will hold steady until then. Enjoy the week!
View MoreOct. 21, 2020
Real Estate Continues to Show Unprecedented Strength This Year
The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the upcoming election, and more?
Posted in
Buying Homes,
COVID-19,
Economics,
Housing Market + Economy,
Interest rates,
Selling Homes