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Seattle Real Estate Update: What to Expect from 2018
January 15, 2018 /As you let go of 2017, look forward to 2018, and reassess your life and goals, you may wonder what’s in store for the Seattle real estate market over the next year. 2017 was an exciting and wild year; Seattle was named the hottest real estate market in the country and home prices rose 13.4 percent, which is more than twice the national average rate of 5.9% for home price growth. So, if you are looking to buy or sell a home in the greater Seattle area, what can you expect from the market over the next year? First, you should find a great agent who can help you. Second, check out these predictions for the coming year. 1. Lower mortgage rates will make it easier to buy a home. Long-term mortgage rates recently fell from 3.99% to 3.95% (a year ago the averages rates were 4.20%). The average rate for 15-year fixed-rate mortgages also recently fell from 3.44% to 3.38%. According to the Seattle times, these relatively low rates can help homebuyers offset the rising costs of real estate and make it easier to afford a home. 2. Seattle, in case you haven’t heard, is very cool. According to…Read more
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Four Reasons Why It’s Good to Be a Home Seller Right Now
September 29, 2017 /My friends recently made a really smart real estate decision: four years after purchasing their lovely home in Boulder, Colorado, they sold it and moved to a cheaper spot in Nashville, and, as a result, made a boatload of money. I found myself both--let’s be honest--slightly envious, and inspired. Investing in real estate, and understanding when to sell, is one of the smartest ways to build wealth. You might be wondering what Boulder, Colorado has to do with Washington State, aside from the fact that both Seattle and Boulder are home to hippies and tech nerds with serious outdoors obsessions. Well, while Boulder’s real estate market is doing well right right now, Seattle’s real estate market is right up there with it as one of the most competitive markets in the country. In many ways, the Seattle market is even hotter than Boulder’s. If you’re considering listing your Seattle area home right now, here are a few reasons why it's good to be a home seller right now. For more information about selling your home and understanding its current value, contact Pickett Street at (425) 502-5397 or info@pickettstreet.com. Also, be sure to check out this easy home value form. 1. The…Read more
