Here we are with the latest on how the market is going in Klahanie and there's a lot of great information to share in the infographic below. Generally speaking, we're still short on inventory of homes for buyers to choose from. While inventory is down, other key indicators are all showing gains due to the tight market. Need some insight on how this info applies to your plans? Contact me.
By the way, look at those average sold prices. If they sold with The Cascade Team's full service for 1% listing fees, a condo seller would have saved over $7,000. A home seller would have saved over $14,700!
Some good news today that loan limits are increasing in King, Pierce and Snohomish counties. That is good news for buyers and seller. I’ll tell you why, but first here is what is happening:
Loan limits will rise in 39 high-cost counties around the country in 2016, including three counties in Western Washington: King, Pierce and Snohomish.
Starting January 1, loan limits in the tri-county Puget Sound area will rise from $517,500 to $540,500, an increase of $23,000.
Why is this good news? Housing in this area costs more than other parts of the country, so they increased the loan limits. Loans that are under the new $540,500 limit are called conforming loans. They have lower interest rates and in general are easier to qualify for.