After every Fed meeting where they decide whether to raise, lower, or leave the federal funds rate unchanged, it is explicitly stated that they are trying to meet a “2% inflation objective.” I don’t know how many people think about that goal but what it essentially means is that the prices of goods and services […]

Happy New Year! The real estate market was a tale of two halves in 2017 in North King and South Snohomish Counties. January through June was a frenzy of multiple offers and escalating prices. The lowest average sales price during the year was in January at $582,000. That ballooned 18% through June to a high […]

This is officially the wildest housing market I have seen in my 15+ years in the business! 2005-2007 was wild too but the exuberance wasn’t quite as high, especially outside core Seattle. Now, bidding wars are escalating home prices significantly (sometimes 10% or more) over the asking price nearly everywhere. However, overpricing your home will […]

I made a similar post a few years ago as mortgage rates were rising slightly, but low and behold, they then turned lower again. Now, rates have increased noticeably since the election and are forecast to continue to rise, albeit at a moderate pace. So again, I thought I would talk a little about mortgage […]