Real Estate Market Update - January & February 2020
As your real estate expert - I am always watching the market and am happy to be your source for real estate information. Let me know if you would like more information, pdf reports, and/or info specific for your neighborhood!
According to the recent press release from our local MLS says, “ Home buyers in Western Washington ‘hit the ground running in 2020’ - The report covering 23 counties shows pending sales outgained new listings, record-low inventory that’s down 33% from a year ago, and double-digit price increases.” Read the article
While we are all working from home during this COVID19 outbreak, I am taking this time to share some updates on the Seattle & Bellevue area real estate market... Watch this informative 1 minute video!
Real Estate Market Update Seattle and Bellevue - Feb 2020. Monthly Real Estate News: Too early to tell how COVID-19 will impact spring sales… I will keep you informed.
Lender updates from Tina, Eric, & Mark
If you want to know what is happening with the money-side of things in real estate, ask a mortgage lender. Below is info from Tina, Eric & Mark. I hope you find this info helpful. These lenders are available for you and can provide information to you regarding your plans to purchase or refinance a home. Let me know if you talk with them and how I can assist you as your Realtor. Thanks! Jen 206-550-1676
Click on the video image above for the latest Mortgage Minutes posted March 18, 2020 with Tina Mitchell for an explanation of:
The Feds Emergency Action & the Impact on Mortgage Interest Rates
Tina Mitchell with Highlands Residential Mortgage is a fabulous lender. She has been in the mortgage industry for over 2 decades and has been recognized in the top 1% Nationwide. She is a numbers gal and can talk with you about possible loan options. I also really like her communication style. You can schedule a time with Tina now (for a video zoom conference call) using this link. She is available by cellular phone and even works nights & weekends! Tina promptly follows up your no obligation consultation with informative emails showing your different loan options, estimations of costs, and other important info in writing and throughout the process has the best communications of any lender I have ever seen.
The first step is to schedule a meeting to review loan options, cash needed and payment breakdown. There is no cost or commitment to move forward, it’s just education. Call Tina now or if it’s more convenient you can use the following online calendar to Schedule a Consultation at https://calendly.com/tinamitchell/.
Tina Mitchell, Highlands Residential Mortgage • Loan Originator, NMLS 145420 • Cellular: (425) 647-0205 • “Live Your Dream Now!”
These thorough market updates from lender, Eric Aasness, Branch Sales Manager, Homebridge Financial are full of great charts and economic information. At the end of each article, Eric has included the links to more than 10 additional articles related to home loans and the real estate market.
Click this link for Eric’s website and to contact Eric.
January 17, 2020 - Is The Housing Market Booming Again?
January 24, 2020 - How Coronavirus is Helping Housing?
January 31, 2020 - Lowest Mortgage Rates Since 2016
February 7, 2020 - 2020 Refi Boom is Official, But For How Long?
February 14, 2020 - Higher Stocks and Lower Rates. Who's Lying?
February 21, 2020 - 2020 Refi Boom Surpasses 2016's And It's Still Growing
March 13, 2020 - Wildest Week For Mortgage Rates, Ever (Seriously)
Click this image to connect to Mark.
January 24, 2020 - Focus on New Virus
February 20, 2020 - Solid Retail Sales
February 28, 2020 - Stocks Plunge on Virus Concerns
Here are some links to more articles & videos.
If you find great articles that you would like to share with me, please email those to me at jen@jensrealty.com. I am always working hard to be your source for real estate information! Thanks, Jen
Amid coronavirus concerns, Seattle homebuying frenzy continues - March 5, 2020
Buy, build or fix: What’s best for first-time home buyers? - March 3, 2020
US mortgage rates climb this week; 30-year loan at 3.65% - March 19, 2020
Regional real estate group acts to halt open houses to fight spread of coronavirus - March 16, 2020
King County Superior Court postpones residential evictions until the end of March due to coronavirus - March 18, 2020
Mortgage lenders consider plan to suspend payments amid crisis - March 17, 2020
Only Worst-Case Virus Scenario will Result in Recession - March 13, 2020
Exclusive: U.S. Fed, banks discuss possible leniency on liquidity threshold to aid lending - sources - March 13, 2020
Lender Survey Predicts Continued Low Rates in 2020 - March 13, 2020
Negative Equity Falls to Pre-Recession Levels Thanks to Home Price Gains - March 12, 2020
COVID-19 Beginning To Affect Real Estate, But It's Not All Bad News - March 12, 2020
Mortgage Rates Are Taking an Utter Beating (Relatively) - March 12, 2020
Home Selling in the Age of Coronavirus: It's a Whole Different World - March 12, 2020
Mortgage Rates Rising at Fastest Pace in Years - March 11, 2020
Seattle Real Estate in February: Sales up 5.2% YoY, Inventory down 32.5% YoY - March 9, 2020
Income Gains are Keeping Potential Homebuyers in the Game - March 9, 2020
Existing Home Sales Showing Resilience and Lots of Potential for 2020 - February 21, 2020
Lower Rates Helped Raise January Closing Rate - February 20, 2020
Co-Buying: How Cash-Strapped Millennials Are Becoming Homeowners Without Family Help - February 20, 2020
A Sharp Increase in January Housing Permits Defies Predictions - February 19, 2020
Refi Applications Ebb, But The Boom Goes On - February 19, 2020
Builder Confidence Survey Shows Optimism is Still High - February 18, 2020
Fannie/Freddie Report Growing Net Worth Under new Policy - February 13, 2020
Renters Mistakenly Believe They're Paying Less Than Owners - February 11, 2020
Seattle Real Estate in January: Sales up 17.2% YoY, Inventory down 32.9% YoY - February 10, 2020
King5 News Report: Tacoma housing market fastest in the country - February 13, 2020
Down Payment Resource - NEWS RELEASE - February 6, 2020 - Homeownership Program Index Report Debunks Top 5 Down Payment Myths - In fact, 83% of homeownership programs have funds available for eligible homebuyers
FICO Is About To Change Credit Scores. Here's Why It Matters - January 30, 2020
Homeownership Rate Reaches Six-Year High - January 30, 2020
FHA Loans Becoming More Popular as Market Recovers - January 30, 2020
If you have any thoughts or questions about this information or would like to talk, please call or text me at 206-550-1676. If you find great articles that you would like to share with me, please email those to me at jen@jensrealty.com. I am always working hard to be your source for real estate information!
Check back for more updates throughout the year. Let’s talk about the market now in your neighborhood, your real estate goals, and whether or not this is a good time for you to list and sell your home. Call, text, or email anytime. I’m always here to help! Thank you,
Jennifer Suemnicht - Jen's Realty - RE/MAX Metro Realty, Inc.
www.JensRealty.com / 206-550-1676 / jen@jensrealty.com
Jen's Realty Monthly Housing News Jan 2020 Seattle & Bellevue Real Estate Market Update
