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Even as home prices have risen, homes are more affordable. How’s that even possible? Follow me on this as you read below. Logically, it makes no sense … but the numbers don’t lie. You know home prices are up in the Tri-Cities. We’ve been repeating that on a regular basis here. They’re also up across […]
Let me start with my usual disclaimer that all real estate is local, and what happens nationally doesn’t always impact us here in the Tri-Cities. That said, it’s still smart to know what’s being said across the industry as a whole because things like the presidential election or the recession that some (but not all) […]
If you’ve read any articles lately about housing affordability, I bet you’ve seen it described as a “crisis.” From what I’m seeing in the news, those two terms are practically inseparable of late. But no matter what the headlines say, the data tell a different story. It’s true that home prices are rising, especially here […]
Here’s some really great news for anyone who’s in the home buying market: According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year, fixed-rate mortgage are currently at their lowest since February 2018! Last week’s survey results reported an interest rate of 4.35 percent. That’s a welcome change from the almost 5 […]
Home prices have gone up nationally over the past six years, which means more home equity for owners. Some are comparing the current market to what happened in the years leading up to the real estate crash of 2008 (which didn’t have anywhere near the impact here in the Tri-Cities that it did nationally) and […]
Self-made millionaire David Bach spoke with CNBC earlier this year about the link between home ownership and personal wealth: “Buying a home is the escalator to wealth in America,” he said. Bach knows what he’s talking about. He’s a co-founder of AE Wealth Management and has written nine consecutive New York Times bestsellers. His book, […]