Have you ever wondered about the difference between an FHA appraisal and a conventional appraisal? Here’s a case study for ya: We recently had a borrower need to change their financing from conventional to FHA. The conventional appraisal came in at value with no conditions.
A few months ago it was reported that King County actually lost a net of 4,868 residents to other US Counties. To be clear, after accounting for births/deaths and international immigrants moving in, King County actually gained a total of 28,934 net new residents in
Just as quickly as the data can show that the Puget Sound housing market is showing some signs of resiliency with median house price rising and inventory slightly declining, it changes. To be clear, when I write these articles, I’m generally compiling data points I
2018 was a bad year for mortgage interest rates. At the start, rates were skyrocketing as the markets digested a new tax structure. The fear was that more dollars in Americans’ pockets will cause them to spend more, which will bring inflation thus, rates rose.
Here are the essentials for what you need to know about the current market. The weekly market wrap-up charts, with more detail, are below. The Bare Essentials 1) Inventory continued its decline. Down 36.16% since its November 2nd high of 1,355 homes for sale. 2)
October was a scary month full of ghosts and goblins. But all the horrors of Halloween don’t mean the local housing market is full of doom and gloom. Scott Sheridan of Primary Residential Mortgage explains why this could be a fantastic time to capitalize on a