Puyallup and Tacoma Home price increase in area outpaces all but Colorado

As a Home mortgage lender located in Puyallup, WA I sure have seen this market stay very active and a lot of homes being sold.  Prices continue to move upward, but not at the crazy pace we saw back in 2005-2008.  Inventory is very low right now, which adds to the higher prices so if you find a home you like don’t wait around a “think about it” for a week because it will be gone.  My clients are finding a lot of great homes in fantastic areas, if you need some help be sure to give me a call. My clients are winning their offers for purchase and their Realtors are awesome to work with. I always love to connect people and help them achieve their dreams of home ownership.

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Pierce County homes sales higher in January 2016

homes for sale PuyallupI have been in the mortgage business around the Tacoma and Seattle area for over 13 years and just about every year me and my co-workers in the industry see a slow down in new Contracts written during the month of December.  What many of us believe is that the slow down is due to the crazy hectic schedule of the holidays and kids out of school, family in town and your free weekend now busy with shopping and cooking.  It’s no surprise when I see data that shows January being a slower month in home sales, generally it takes 30-45 days to close a home sale transaction with a mortgage loan (vs cash buyer closing in 10 days).   Currently we still have low inventory and not as many homes to choose from, but interest rates are very low and the Realtors I work with are finding some great homes for sale and able to get their clients into a beautiful home.  Just don’t expect the seller to drop the price dramatically to get your business..the don’t have to  in this market.

Read the article below from Tacoma News Tribune for more information.

Bruce McLaughlin  NMLS 70081

1st Security Bank

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King County home prices hit new highs, inventory at new lows

The median price of single-family homes sold in King County in December jumped 15 percent over the year to a new record of $508,000. Climbing prices and scarce listings are encouraging buyers and sellers to try some new approaches. [Read more…]

Cash is King: All-cash deals hit 43% of total home sales in 1Q

I have been in the mortgage business for well over 10 years now, and the latest trend of cash buyers has definitely increased over the past 3 years due to large investment firms buying homes.   I work with some great Real Estate agents and they all tell me they are blown away with how many cash deals they work with on a monthly basis.   Inventory right now is low and homes are selling fast, and many of my buyers I pre-approve and putting in bids against these cash buyers and it makes it hard to win the home.

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Big rebound in home equity in Tacoma housing market

Thanks to rising prices and equity levels, about 4 million owners around the country last year were able to climb out of the financial tar pit of the housing bust — negative equity, a financial situation that gums up people’s lives and the real-estate marketplace as a whole. [Read more…]

King County median home price up 12.5 percent from June 2012

Last month was the third in a row the median price topped $400,000 and the 15th straight month of year-over-year price increases. [Read more…]

How to Battle the King County tax assessor

king county property taxes

 

 

A new King County website allows residents to research and appeal their home’s value online. [Read more…]

Housing recovery could also tumble off the ‘fiscal cliff’

If Congress drives the economy off the “fiscal cliff,” wave goodbye to short sales that have helped the housing market get back on its feet. [Read more…]

Home Prices up in Pierce County

Single family home prices showed a significant rebound in Pierce, King and Thurston counties last month as the supply of homes on the market continued to shrink. [Read more…]

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