Economic News

Economic News Spring Real Estate Roundup
Economic News A Snapshot of Homebuyers
Economic News Where will Mortgage Rates be Headed in 2015? by The KCM Crew on January 6, 2015 in Interest Rates 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 […]
Economic News Home Sales Generate $52,205 Impact on Economy   by The KCM Crew on September 18, 2014 in For Buyers 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. […]
Economic News Should I Rent My House if I Can’t Sell It? by The KCM Crew on June 10, 2014 in For Sellers 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 […]
Economic 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 […]
Economic News 5 REASONS TO SELL NOW   by The KCM Crew on March 18, 2014 in For Sellers Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? Can buyers qualify for a mortgage?  These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are five […]
Economic News 5 REASONS TO BUY A HOME NOW by The KCM Crew on March 17, 2014 in For Buyers Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying. 1. Competition is about to Increase Every spring a surge of prospective purchasers […]
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Economic News You’re Invited… Please join me if you can, this promises to be a very interesting evening with the Mayor of Everett, Ray Stephanson and Matthew Gardner, a well-known local economic analyst specializing if Real Estate. It's at the Everett Golf and Country Club, light dessert will be offered.  If you plan on attending please RSVP to me […]
Economic News Don’t Wait! Move Up to the Home You Always Wanted   by The KCM Crew on January 28, 2014 in For Sellers Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates are still below 5%. However, sellers should realize that waiting to make […]
Economic News Why Did My Credit Score Drop? DATE:JANUARY 15, 2014 | CATEGORY:TIPS & ADVICE | AUTHOR:EXPERIAN CONSUMER SERVICES Last month your credit score was 735. You checked it again this morning, and it’s 20 points lower. What’s up? It could be any combination of factors. There aredifferent credit scoring models used, and they can weigh factors differently to determine your score. But these are five of the most […]
Economic News Predictions for 2014: Sales Will Surge by The KCM Crew on January 6, 2014 in For Agents, For Buyers, For Sellers   Many housing pundits are calling for home sales to do slightly better in 2014 than they did in 2013. To the contrary, we strongly believe that home sales will skyrocket with increases of 10-15% in 2014. Here are the three categories of buyers we believe will create this […]
Economic News NAR’s Existing Home Sales Report For December 2013:
Economic News Average US rate on 30-year loan rises to 4.47 pct. Average U.S. rates for fixed mortgages rose slightly this week but remained near historically low levels. SeattleTimes.com WASHINGTON — Average U.S. rates for fixed mortgages rose slightly this week but remained near historically low levels. Mortgage buyer Freddie Mac said Thursday the rate on the 30-year loan increased to 4.47 percent from 4.42 percent last […]
Economic News Harvard: 5 Financial Reasons to Buy a Home by The KCM Crew on December 10, 2013 in For Buyers Eric Belsky is Managing Director of the Joint Center of Housing Studies at Harvard University. He also currently serves on the editorial board of the Journal of Housing Research and Housing Policy Debate. This year he released a new paper on homeownership – The Dream Lives On: the Future of Homeownership in […]
Economic News Mortgage Rates Inch Downward Mortgage Rates, Real Estate News   |  Dec 12, 2013   |  By: Neal J. Leitereg  |    Fixed-rate mortgages saw a slight decline this week. The downward move comes after rates saw a healthy increase over the past three weeks in response to positive economic reports, particularly in the growth of private-sector employment. The drop in rates is seen […]
Economic News Planning to Buy a Home in 2014? Get Ready Now By Christine DiGangi By Credit.com   | Posted Dec 2nd 2013 9:07AM Updated Dec 3rd 2013 12:37PM With big changes coming to the mortgage industry at the beginning of next year, many consumers will want to evaluate their homebuying plans. Regulations drafted by the Consumer Financial Protection Bureau will change the definition of a qualified mortgage for any loan applications […]
Economic News 5 Signs You’re Ready to Be a Homeowner   Published December 03, 2013 Credit.com No one can tell you when you’re ready to become a homeowner. But it’s probably fair to say a lot of first-time buyers wish otherwise. Buying a home is often one of the biggest purchases you’ll ever make. It’s also among the most infrequent.  Knowing you’re prepared to buy […]
Economic News 2014 housing outlook: Home prices head higher   After a surge in home values in most cities in the past year, prices will increase more slowly in 2014. By Pat Mertz Esswein of Kiplinger on msn.com Home prices will rise in 2014 but at a slower, more steady pace compared with historical trends. The housing recovery has pushed up home prices nearly everywhere. In the past […]
Economic News 5 Reasons to Buy A Home Now Instead of Spring by The KCM Crew on November 25, 2013 in For Buyers   Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying: Supply Is Shrinking With inventory declining in many regions, finding a home […]