economy

economy Buy Now or Wait? Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on your desire to move. […]
economy The Reason Mortgage Rates Are Projected to Increase and What It Means for You We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low much longer. Whenever we try […]
economy Waiting for a Break in Prices? Foreclosures should not lead to price declines The massive wave of unemployment that came along with the pandemic led many homeowners across the country to enter mortgage forbearance. While unemployment is slowly but surely declining (and ahead of expectations), it will be a while before we reach the pre-COVID levels. Because of this, foreclosures are […]
economy Trusted Professionals Make Homebuying Easier to Understand In the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they need to, simply because they’re confused about the homebuying process. Thankfully, working with a trusted real estate professional can help […]
economy A Recession Does Not Equal a Housing Crisis! Some Highlights The COVID-19 pandemic is causing an economic slowdown. The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th. All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of […]
economy Housing Market Positioned to Bring Back the Economy All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes: which sectors of the economy will drive its recovery? There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary. Some may […]
economy Mondays with Matthew 5/4 Have you been hearing talk about “mortgage forbearance”? Do you have questions about what it is or what it will mean for our economy? You aren’t alone. Because of this confusion, Windermere’s economist brings us today’s video with his usual clear explanations. If you still have questions regarding this or anything else real estate related, […]
economy Western Washington The latest Gardner Report is out for Western Washington. You can read Windermere’s economist’s analysis by clicking the link below the photo to read the full report. 2020Q1WWAGardnerRpt
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