Friday, May 8, 2020 / by Jason Gasbarra
A CHANGING MARKETPLACE
The pandemic may be affecting the economy, but one thing remains: real estate in Washington state is holding steady. Inventory is low, but buyer demand is strong. We continue to see multiple offers on most well-priced homes. Here’s what you need to know to stay informed so that you can make the best decisions for your goals and portfolio.
WORKING WITH AN AGENT
Real estate has been declared an essential business. While we may have to practice social distancing when touring homes, most of the steps to ownership remain the same:
1. Know who you’re working with.
2. Know your budget.
3. Know your focus.
3 Pieces of Advice for Buyers
Three MUST Do's Before Buying a Home
See more blog articles.
Getty | Forbes
HOW WILL COVID-19 CHANGE REAL ESTATE FOREVER?
America’s top agents weigh in on how they think COVID-19 will permanently change the housing market. Ideas range from digitizing the buying and selling processes to reimagining floor plans that better accommodate potential future stay-at-home orders. To read the full article, visit Forbes.com.
Andrii Yalanskyi / Getty Images | Inman
MORTGAGE RATES DROP TO A 30-YEAR LOW
If you’re thinking of refinancing or buying, now is the time to do it. Inman.com reports, “The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45%, its lowest level since the Mortgage Bankers Association began its weekly survey.” Read the full article and take a look at the data here.
Steve Ringman | The Seattle Times
A STRONG START BUT AN UNCERTAIN FUTURE
Michael Hession | The New York Times
GADGETS THAT GUARD AGAINST MAYHEM
SIMPLE RULES TO BOOST HOME VALUE
According to this article in Consumer Reports, following eight simple rules could increase your home’s value by 35%. Ideas include being smart with square footage (a 4-6% potential bump) and focusing on features that are easy to maintain (a 3-5% potential bump).
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