Spring Real Estate Roundup

Posted on March 16, 2015 at 5:28 pm
Shelia Simmons | Category: Economic News, Home improvement, Home ownership, Real Estate News

A Snapshot of Homebuyers

Posted on March 13, 2015 at 5:28 pm
Shelia Simmons | Category: Economic News, Home improvement, Home ownership, Real Estate News, Uncategorized

Where will Mortgage Rates be Headed in 2015?

Where will Mortgage Rates be Headed in 2015? | Keeping Current Matters

We finished 2014 with the 30 year fixed mortgage rate at 3.87% as per Freddie Mac. This is very close to the historic lows in the spring of 2013.

However, the Mortgage Bankers Association projects mortgage rates to be about 5% by the end of 2015. The website Investopedia agrees and gives some perspective on the 5% rate:

“Barring another financial and housing market implosion, and if the economy continues to improve, expect interest rates to rise in the latter half of 2015. If they do jump to the 5% range it will be a modest hike when compared to historical averages. Rates will still be far below the approximately 8.5% 30-year fixed-rates mortgages have averaged since 1971 when Freddie Mac started tracking them. Rates averaged 6% in the years leading up to the recession.”

Here are the latest 2015 mortgage rate projections from Fannie MaeFreddie Mac, theMortgage Bankers’ Association and the National Association of Realtors:

Interest Rates 2015 | Keeping Current Matters

Posted on January 6, 2015 at 4:58 pm
Shelia Simmons | Category: Economic News, Home ownership, Real Estate News

Home Sales Generate $52,205 Impact on Economy

 

The National Association of Realtors (NAR) compiled data from research conducted by the Bureau of Economic Analysis & Macroeconomic Advisors on the economic impact of a home purchase.

After reviewing the data, they concluded that the total economic impact of a typical home sale in the United States is an astonishing $52,205.

Here is the breakdown of their report: 

Economic Contributions are derived from:

  • Home construction
  • Real estate brokerage
  • Mortgage lending
  • Title insurance
  • Rental and Leasing
  • Home appraisal
  • Moving truck service
  • Other related activities

When a House is Sold in the United States:

$15,912 of income is generated from real estate related industries.

New homeowners spend an additional $4,429 on consumer items such as furniture, appliances, and remodeling.

It generates an economic multiplier impact. There is a greater sense of community associated with owning a home; therefore there is greater spending at restaurants, sports games, and charity events. The size of this “multiplier” effect is estimated to be: $9,764

Additional home sales induce additional home production. Typically one new home is constructed for every 8 existing home sales. Therefore, for each existing home sale, 1/8 of new home value is added to the economy, which is estimated in the U.S. to be: $22,100

When you add the numbers up it comes to $52,205!

Posted on September 18, 2014 at 8:33 pm
Shelia Simmons | Category: Economic News, Home improvement, Home ownership, Real Estate News, Uncategorized

Should I Rent My House if I Can’t Sell It?

Should I Rent If I Can't Sell | The KCM Crew

There has been a lot written about how buying a home is less expensive than renting one in most parts of the country. Rents are skyrocketing and homes are still at great prices. These two situations are also causing some sellers to consider renting their home instead of selling it. After all, a homeowner can get great rental income now and perhaps wait until house values increase even further before selling.

This logic makes sense in some cases. There is a strong belief that residential real estate is a great investment right now. However, if you have no desire to actually become an educated investor in this sector, you may be headed for more trouble than you were looking for.

Before renting your home, you should answer the following questions to make sure this is the right course of action for you and your family.

10 Questions to ask BEFORE renting your home

  1. How will you respond if your tenant says they can’t afford to pay the rent this month because of more pressing obligations? (This happens most often during holiday season and back-to-school time when families with children have extra expenses).
  2. Because of the economy, many homeowners cannot make their mortgage payment. What percentage of tenants do you think cannot afford to pay their rent?
  3. Have you interviewed experienced eviction attorneys in case a challenge does arise?
  4. Have you talked to your insurance company about a possible increase in premiums as liability is greater in a non-owner occupied home?
  5. Will you allow pets? Cats? Dogs? How big a dog?
  6. How will you actually collect the rent? By mail? In person?
  7. Repairs are part of being a landlord. Who will take tenant calls when necessary repairs come up?
  8. Do you have a list of craftspeople readily available to handle these repairs?
  9. How often will you do a physical inspection of the property?
  10. Will you alert your current neighbors that you are renting the house?

Bottom Line

Again, renting out residential real estate is historically a great investment. However, it is not without its challenges. Make sure you have decided to rent the house because you want to be an investor, not because you are hoping to get a few extra dollars by postponing a sale.

Posted on June 17, 2014 at 5:05 pm
Shelia Simmons | Category: Economic News, Home improvement, Home ownership, Real Estate News, Uncategorized

Home & Garden: Six hot home design trends for Spring 2014

Home & Garden: Six hot home design trends for Spring 2014

 

by QNotes Staff  Staff Reports  editor@goqnotes.com
Published: May 23, 2014 in A&E / Life&StyleFeatured Stories

 
Wood textures bring warmth, richness and texture to a room of any style.

Wood textures bring warmth, richness and texture to a room of any style.

Does spring and the impending seasonal switchover to summer have you itching to refresh a tired, lackluster room? Or, maybe you’re looking for some small ways to make a big impact on your home’s style? Whatever the case, here are some of this season’s most buzzed-about trends and how you can incorporate them into your next project.

• Wood is the new neutral. This season’s strong trend toward wood textures pairs the warmth, richness and texture of real wood with limitless design flexibility. Think wood-textured textiles, tree-printed wallpapers and embossed soaps that look like wood. Installing engineered wood ceilings and wainscoting can bring the unique look of reclaimed wood into any environment – an easy do-it-yourself project with striking results.

• Ode to the elements. Mother Nature is inspiring design in a big way this year and homeowners are finding unique ways to incorporate rocks, minerals and other natural elements into their home’s design. Try replacing a common-place item like an alarm clock with one encased within a multi-colored agate. Bring this look to the kitchen with a stainless steel backsplash, or swap out run-of-the-mill hardware with mineral-inspired drawer pulls and knobs.

Coffered ceilings are an easy way to add a visual element to the home.

Coffered ceilings are an easy way to add a visual element to the home.

• Shore thing. Homeowners, inspired by the calm, care-free attitude of coastal living are all about bringing the beach inside this season. Beach-inspired design elements are popping up throughout the home. Weathered and white-washed wood ceilings are a subtle but stunning on-trend addition — especially when finished with interior accents like decorative shells, drift wood furniture and marine-themed prints.

• Contrast in texture. Step aside Pantone, texture is spring’s hottest new color. Homeowners are putting down their paintbrushes and adding interest with texture through high-gloss finishes, metallics, sequins and mirrors. A textured tile wall brings visual and tactile interest, especially when paired with contrasting high-gloss lacquer or low-gloss matte accessories.

• Visual punch. Reawaken the senses this spring by incorporating a striking visual element to the home. Multi-dimensional surface treatments in pearl, metallic and gold/silver combinations add panache as a coating used for hardwood, or can be applied to wallpaper, furniture or decorative accessories. And don’t forget to look up — coffered ceilings bring a striking je ne sais quoi to any room.

• Manipulated metals. The versatility of manipulated metal makes it a great addition to any style home — from hand-crafted artisan to contemporary high gloss. Copper, pewter and nickel are getting in on the action and can be styled in a variety of ways, including hammered metal sink basins, tin-look ceiling tiles, antiqued copper light fixtures and brushed stainless steel cabinet hardware.

If you’d benefit from a little windfall to help finance your fabulous spring home improvement projects (and who wouldn’t?), consider checking with your favorite vendors, many of which are running seasonal promotions. Armstrong Residential Ceilings, for example, is running a Style Is Looking Up Giveaway in February and March and will offer the chance to win free product and gift cards to spend on home improvements at armstrong.com/residential-ceilings. : :

more: Want more information on your potential flooring or ceiling revamps or just need a place to start? Armstrong has a flooring showroom in Charlotte, as well as dozens of independently-owned local retailers in Charlotte and other local areas. Learn more at armstrong.com.

— BrandPoint Content

Posted on June 6, 2014 at 3:46 pm
Shelia Simmons | Category: Home ownership, Real Estate News

Easter Egg Hunt coming April 19 – free!

You are invited to the annual Easter Egg Hunt! This exciting free family event features more than 12,000 plastic eggs filled with candy and prizes hidden around Jennings Park Rotary Ranch and Master Garden. The morning also features children’s activities and a guest visit from the Easter Bunny.

The Easter Egg Hunt will be from 10-11 a.m. on Saturday, April 19 at Jennings Memorial Park, 6915 Armar Rd. Additional parking will be available at Marysville Middle School, 4923 67th St. NE.

Youth ages 0-8 will be able to collect 8 eggs from their designated age-specific area of the park. All participants are asked to bring a canned food item for donation to the Marysville Food Bank. Brought to you by the City of Marysville, Marysville Noon Rotary, Steve Fulton State Farm Insurance and Grandview Village, this is an event you won’t want to miss!

For more information call Marysville Parks and Recreation at (360) 363-8400.

Posted on April 16, 2014 at 6:21 pm
Shelia Simmons | Category: Home improvement, Home ownership, Real Estate News, Uncategorized

2014 Annual Spring Cleaning Day

Lake Stevens Spring Cleaning Day Event – May 3, 2014

On Saturday, 3rd May 2014, the City of Lake Stevens will be hosting its annual Spring Cleaning Day Event for citizens who live within the limit of the City of Lake Stevens. This year’s event will be held at the back parking lot of Cavelero Mid High, located at 8220 24th St. SE. . Citizens may bring most of their items that are typically taken to the dump and dispose of them for free from 9:00 am to 2:00 pm. To access this event, citizens must provide identification with their name and address to verify Lake Stevens residency.

Shred It Paper shredding service will be present and accepting personal papers for free shredding. Les Schwab Tire Center will be accepting old tires at no charge. The limit is 10 tires per household and tires must be standard car, SUV, and pickup truck size and off the rims. Les Schwab will not be accepting tires on any other day or at any of their stores. TV’s, computers, lap tops, and monitors will be accepted at no charge.

Hazardous Waste (paints, chemicals, things with Freon, etc.) WILL NOT be accepted.

Lake Stevens Food Bank will be on-site accepting donations of canned/non-perishable food items.
To help make the unloading quick and easy, paper materials to be shredded, standard vehicle tires, electronic waste, and metal recyclables should be separated from other garbage and grouped together. This will help avoid separating trash on site. Loose trash must be bagged or bundled and unloaded by the Citizen. No event staff will be on site to help with unloading trash.

To verify if you live in the Lake Stevens city limits, please contact the Lake Stevens Public Works Department at 425-377-3235

Posted on April 16, 2014 at 6:19 pm
Shelia Simmons | Category: Home improvement, Home ownership, Real Estate News

The Windermere Foundation is now accepting donations for the Oso, Washington Relief Fund.

We are deeply saddened by the events that have unfolded over the last week due to the landslide in Oso, Washington. We have heard from many of you who wish to support and provide emergency relief for those that have lost their homes and loved ones. 100% of the funds designated to the Windermere Foundation's Oso, Washington Relief Fund will go directly to the families affected by the slide, through the Darrington Emergency Task Force for immediate assistance.

You can donate online at https://store.windermere.com/content/foundation-donation. The Windermere Foundation will match the first $5,000 donated.

A special thanks to the Windermere office in nearby Arlington, owned by Gene Bryson, for raising awareness and starting the fundraising effort.

Our hearts go out to all the families affected by this disaster.

Thank you for your support.

Christine Wood | Executive Director

WINDERMERE FOUNDATION
5424 Sand Point Way NE
Seattle, WA 98105

OFFICE (206) 527-3801
FAX (206) 393-3444

Posted on March 27, 2014 at 4:45 pm
Shelia Simmons | Category: Economic News, FHA, Home improvement, Home ownership, Real Estate News

Home Renovations

Posted on March 21, 2014 at 11:40 pm
Shelia Simmons | Category: Home improvement, Home ownership, Real Estate News