Mortgage Rates | Wilcynski Partners – Seattle Windermere Real Estate Agents

Category: Mortgage Rates

SEATTLE HOME PRICES DROP AS MARKET CONTINUES TO COOL

According to a Seattle Times article, home prices around the Seattle area are starting to drop as the market begins to show signs of a cool down. It is said the average home price across King County fell $30,000 in August compared to the previous month and recent data shows there has been a steady decline over a 3-month period. There has also ...

DID YOUR PROPERTY TAXES INCREASE?

Here’s what you can do: The county Assessor reevaluates property values each year, notifying owners of the assessed value by mail. If an owner believes the new assessed value exceeds the fair market value of the home, there’s an opportunity to appeal. Petitions must be received on or before July 1st of the assessment year or ...

Are we heading for a slow down?

According to an article at SeattleTimes.com titled “Nation’s housing market may be headed for biggest slowdown in years“, the crazed seller’s market we’ve been experiencing is starting to soften – which is great news for buyers! Nationwide and locally, we’re seeing inventory growing, prices increasing at a ...

Home Prices Hit New Record Highs

Once again, the Puget Sound housing market is setting new records, according to this article from The Seattle Times. In February, the median price of single-family homes in the city jumped to a new all time high of $777,000 – up $20,000 from January’s record setting prices. In fact, every county in the Puget Sound region saw home prices ...

Seattle’s Million Dollar Homes

According to an article on SeattleTimes.com, nearly 1 in every 5 or 6 homes in King County sold for $1 million or more in 2017 – which is up 71% from 2016 where only 1 in every 10 sales were seven figure transactions. Across the nation, the Seattle area has the ninth highest share of million-plus dollar home sales and we’re seeing ...

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Seattle and Capitol Hill Market Stats

We’re already more than half way through November, which typically means that the Holiday slowdown is in full effect – but not this year! The Seattle real estate market continues to surprise us as multiple offers and homes selling at or above asking price continues to be the norm. This month we wanted to compare how the Captiol Hill real ...

Interest Rates and Buying Power

With all the talk recently about the Fed potentially increasing interest rates in December, we wanted to show how even a 1/2 of a percentage point increase in interest rates will affect a home buyer’s monthly payment, which can in turn reduce his/her overall spending power.

2014 Seattle Real Estate Review

2014 definitely played favorites to the sellers of Seattle. The average Seattle homeowner saw an increase of 6.1% [1] in their home’s value, with some neighborhoods experiencing double digit price increases. This increase was due to a combination of factors including extremely low inventory, historically low interest rates, rising rents, and ...

Historic Mortgage Rates by Decade

Check out this eye-opening table from the KCM blog.