In recent news, there's been a lot of talk about real estate agents and their commissions, which might leave you feeling a bit bewildered. However, it's crucial to recognize the immense value of expert guidance from a reliable real estate agent, especially in today's market. Here's why you shouldn't overlook the importance of having a [...] The post The Top 5 Reasons You Need a Real Estate Agent when Buying a Home appeared first on WPI Real Estate ..read more

Thinking of purchasing a home this spring? With today's affordability challenges and limited inventory, finding the right home can be daunting. However, there's a solution that addresses both issues. Struggling to find your dream home amidst rising mortgage rates and budget constraints? Consider exploring newly constructed homes. Here's why it could be the perfect solution for you. New [...] The post Newly Built Seattle Homes Could Be a Game Changer This Spring appeared first on WPI Real Estate ..read more

If you're contemplating a move, now could be the opportune moment to initiate the process. Experts suggest that the optimal week for listing your house is rapidly approaching, making it an ideal time to take action. In a recent analysis by Realtor.com, examining housing market trends over the last few years (excluding 2020, since it [...] The post The Best Week To List Your Seattle House Is Almost Here appeared first on WPI Real Estate ..read more

Recent headlines spark curiosity about the future of mortgage rates. Speculations suggested impending cuts by the Federal Reserve (the Fed) this year, potentially lowering rates. Although the Fed's decisions regarding the Fed Funds Rate don't directly dictate mortgage rates, they often influence them. However, in their recent meeting, the Fed did not implement a cut, at least [...] The post What’s the Latest with Seattle Mortgage Rates? appeared first on WPI Real Estate ..read more

According to the most recent rental data from Zillow for February 2024, annual growth in single-family rental prices continues to significantly trail pre-pandemic averages. Rent prices in Seattle have surged by 29.9% compared to pre-pandemic levels. However, there has been a deceleration in rental growth compared to the substantial spikes observed in 2021. In February [...] The post Seattle Rental Market Report for Houses February 2024 appeared first on WPI Real Estate ..read more

The real estate market has followed its usual seasonal trajectory, displaying sluggishness in line with the transition from winter to spring. Interest rates have edged up by a quarter percent in the past month to 6.94%, constraining both potential buyers' purchasing power and sellers' willingness to relinquish low-rate mortgages. In February 2024, the counties [...] The post Seattle Sales Market Report for Single Family Home February 2024 appeared first on WPI Real Estate ..read more

As you plan for retirement, finding ways to save money becomes increasingly important. One effective strategy that has gained popularity over time is  downsizing to a smaller home. When considering ways to reduce expenses, it's common to focus on daily purchases such as groceries. However, downsizing your home can also lead to significant savings by reducing [...] The post The Benefits of Downsizing When You Retire appeared first on WPI Real Estate ..read more

If you're anticipating a housing market crash to lower home prices, the data suggests otherwise. Experts predict continued upward trends in home prices, indicating that a crash is unlikely. Today’s market is very different than it was before the housing crash in 2008. Here’s why. It’s Harder To Get a Loan Now – and That’s [...] The post Why We Aren’t Headed for a Seattle Housing Crash appeared first on WPI Real Estate ..read more

Purchasing your first home is a significant and thrilling milestone with the potential to enhance your life. While it's an achievable dream for first-time homebuyers, navigating today's housing market presents hurdles, notably the scarcity of homes for sale and persistent affordability challenges. If you're prepared, eager, and financially capable of purchasing your first home, here are three tips to [...] The post Strategic Tips for Buying Your First Home appeared first on WPI Real Estate ..read more

Real estate market activity has remained slow in accordance with typical seasonal patterns. Interest rates held steady through the month of January to end at 6.69%; For the Washington counties covered by the NWMLS, January 2024 saw a 3% increase in closed sales transactions year-over-year, an improvement from December 2023’s year-over-year change in closed sales [...] The post Annual Single Family Homes Price Change for January 2024 appeared first on WPI Real Estate ..read more