Real estate BLOG

Be educated on all things Real Estate and the Spokane Community.

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Home Price Forecasts Revised for 2023

Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.

While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to decrease.

Let’s connect so you know what’s happening with home values in our local area.

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Get Ready for Smaller, More Affordable Homes

Have you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way:

“Buyers should expect that over the next 12 to 24 months there will be a notable increase in the number of entry-level homes available.”

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Mortgage Rates: Past, Present, and Possible Future

If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now. Beyond that, it’s important to understand their relationship with inflation for insights into where mortgage rates might go in the near future.

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Expert Home Price Forecasts Revised Up for 2023

Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the headlines got it wrong.

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How Inflation Affects the Housing Market

Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house?

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My Home Selling Approach

Finding your dream home is not just about bricks and mortar; it's about finding a place where memories are made and dreams come to life. As you embark on this exciting journey, allow me to show you why choosing me as your Realtor is the key to unlocking the door to your future.

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My Home Buying Approach

Finding your dream home is not just about bricks and mortar; it's about finding a place where memories are made and dreams come to life. As you embark on this exciting journey, allow me to show you why choosing me as your Realtor is the key to unlocking the door to your future.

Read More
Buyers Station Seven Buyers Station Seven

How Inflation Affects the Housing Market

Have you ever wondered how inflation impacts the housing market? Believe it or not, they’re connected. Whenever there are changes to one, both are affected. Here’s a high-level overview of the connection between the two.

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Buyer Traffic Is Still Stronger than the Norm

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it.

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