NEW YEAR, NEW MARKET!
EVERY DOOR MARKET REPORT
DID YOU KNOW?
THE NEW NORMAL
THE GREAT REBALANCING
What does this mean for you?
First-time buyers: “We haven’t seen a buyers’ market in more than two years. While 2023 isn’t predicted to bring one, a more balanced housing market is good news for first-time buyers.” A balanced market will reintroduce negotiations, which will empower buyers.
Current homeowners: With rates unlikely to dip to the 3-4% range we saw a few years ago, it will take the right home at the right price to entice current homeowners to sell what they have and buy something new—a reality that the market will have to work around.
Buyers: “While experts are optimistic about the direction of the housing market in 2023, mortgage rates and home prices are not going to drop dramatically overnight. For potential homebuyers, focus on what you can control in your own financial situation. Signs you might be in the right position to buy include, but aren’t limited to, having flexibility in your budget, an adequate emergency fund, and sustained income security.”
EVERY DOOR HOME SERVICES
Services include the following:
- Landscaping Yard Cleanup
- Pressure Washing
- Roof and Gutter Cleaning
- Exterior Window Washing
- Interior Painting
- Junk Removal
Learn more at everydoorhomeservices.com.
EVERY DOOR HOME LOANS
If you're thinking about buying a home or investment property in Western Washington, you may be wondering whether now is the right time to act, especially if mortgage interest rates have recently gone up. However, there are still many good reasons to consider buying real estate in Western Washington, even if interest rates have risen.
- Strong demand: Western Washington has seen strong demand for real estate in recent years, with relatively low inventory and high demand driving up prices. This trend is expected to continue, with many experts predicting that the region will continue to see strong demand for real estate in the coming years.
- Good economic conditions: Western Washington has a strong and diverse economy, with a mix of industries including technology, healthcare, and manufacturing. This can provide a solid foundation for real estate investment.
- Attractive location: Western Washington is home to a number of attractive cities and neighborhoods, including Seattle, Tacoma, and Olympia. The region is also known for its beautiful natural surroundings, including mountains, forests, and waterways.
- Good rental market: If you're considering buying an investment property in Western Washington, you may be interested in the strong rental market. Many people are drawn to the region for work and other opportunities, which can make it relatively easy to find tenants for your property.
- Potential for appreciation: While there are no guarantees, it's possible that the value of your home or investment property could appreciate over time, potentially providing a good return on your investment.
If you're considering buying a home or investment property in Western Washington, it's important to weigh the potential impact of higher mortgage interest rates on your budget. However, it's also important to consider the strong demand, good economic conditions, attractive location, and other factors that make Western Washington a good place to invest in real estate.
For more information or to get pre-approved, please contact Every Door Home Loans or visit us at everydoorhomeloans.com.