Ever had an agent deny to show you a home because you weren’t pre-approved for a mortgage? It’s not because they’re mean, or they don’t value your business… it’s actually because’
End In Sight For Historic Housing Shortage
One of the biggest challenges facing buyers in the Whatcom and Skagit County markets right now is actually finding a home. According to Realtor.com's recent Housing Shortage Report, the US is experiencing its most severe, worst inventory shortage in twenty years, and we're certainly feeling it here in Bellingham. That lack of inventory is driving up prices, making it an ideal market for sellers. In Whatcom and Skagit Counties this past year, we witnessed many homes going for well above asking price because there simply isn't enough supply to meet the demand.
Related: Facts And Factors What Affects Home Prices, Why You Need An Agent For New Construction
If you're thinking about selling, now is the time to make a move. When the market cools down and there are more homes available, buyers are going to have more options—and the price you could get for your home in fall 2018 may be significantly lower than what it would fetch today.
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When people think “affordable housing,” they typically think of renting. However, that’s no longer the case. According to Realtor.com’s most recent Market Outlook Report (from
With interest rates projected to rise an entire percentage point in 2018 (according to a recent report, the rate for a 30-yr fixed-rate mortgage is projected to jump from the end of 2017's 3.9% to 4