Are you looking to buy a home? If so, we’ve got good news for you.

While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding wars and weighing low mortgage rates versus price appreciation as you search for your dream home. If you find yourself a bit discouraged, hear this: there are clear signs buyers may have more opportunities this fall.

According to realtor.com, the sweet spot for buyers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data from the past several years. When applied to the current market, experts determined the ideal week to buy a home…

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If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home.

To determine if you should buy now or wait, you need to ask yourself two simple questions:

  1. What will home prices be like in 2022?
  2. Where will mortgage rates be by the end of 2022?

Let’s shed some light on the answers to both of these questions.

What will home prices be like in 2022?

Three major housing industry entities project continued home price appreciation for 2022. Here are their forecasts:

  • Freddie Mac: 5.3%
  • Fannie Mae: 5.1%
  • Mortgage Bankers Association: 8.4%

Using the…

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BELLINGHAM, WA, September 17, 2021– RE/MAX Whatcom County, Inc. is pleased to welcome Zach Hilty to the Lakeway office. Zach will be joining the Shiflett Group and will focus on residential real estate.

Zach grew up in Bellingham and lived here until he was 21 years old. He moved back to Bellingham in January of 2021, before which he was a chef for many years. At only 18, Zach was a partner in Tony’s Coffee House and what is now Harris Avenue Café. He moved to San Francisco to work in restaurants and ended up attending UC Berkeley. After graduating, Zach moved to New York City with Teach for America and taught for six years. He then was a photographer and director at an agency in NYC for five years.

Zach’s agency experience consisted largely of…

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If you’re trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers’ market we’re in today won’t last forever. If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later.

1. Your House Will Likely Sell Quickly

According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly – on average, they’re selling in just 17 days. As a seller, that’s great news for you.

Average days on market is a strong indicator of buyer demand. And if homes are selling quickly, buyers have to be more decisive and act fast to submit their offer before other buyers swoop in.

2. Buyers Are…

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If you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers, 75 percent, say it’s a good time to sell a house.

Why is sellers sentiment up year-over-year?

The higher good time to sell sentiment has to do with today’s market conditions, specifically low housing supply and high buyer demand. In the simplest terms, we don’t have enough houses available for sale to meet buyer demand.

According to the latest data from the National Association of Realtors (NAR),…

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Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house?

It starts with the number of houses available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for active buyers (see graph below):


 When the supply of houses for sale is as low as it is right now, it’s…

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BELLINGHAM, WA, August 30, 2021 – RE/MAX Whatcom County, Inc. is pleased to welcome Jerry Flink to the Lakeway office. Jerry will be joining the Dream Home Team NW and will focus on residential real estate. 

Jerry started his real estate career back in 1978 when Carter was President and rates topped 18%. Jerry became self employed, starting a business in 1982 that was unrelated to real estate and then many years later, in 2010, became a broker in Whatcom County for another brokerage.  

Jerry has been in Whatcom County since 1990. He spent 18 years in a local Auto dealership after owning his own Menswear Store for many years before that. He negotiated leases, trained salespeople, and brainstormed with other managers and…

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BELLINGHAM, WA, August 30, 2021– RE/MAX Whatcom County is pleased to welcome Jose Perez to the Lakeway office. Jose will focus on residential real estate and has interest in potentially becoming a developer.

Jose moved to Bellingham almost 3 years ago from my native country of Spain. He has a Masters in Sport Sciences and Physical Education with emphasis in business development. He also completed a 400+ hour Commercial Agent training community manager course and has been part of “The Power MBA”, a revolutionary online training platform from Spain that’s making its way to the USA.

Jose owns a Spanish Imports company and does construction, landscaping and gardening. In addition to being well connected with the builders and contractors in Whatcom…

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5 Ways You Can Finance Your Home Renovation

Outdated kitchen. Overrun backyard. Unusable basement space.

If you have a home renovation project on the mind, the first thing you have to consider is how you are going to finance it. Here are the most common options to make your dreams become a reality.

1. Cash

Paying in cash is the most straightforward financing option, just save until you have enough money to cover the expenses. This will help eliminate spending outside your budget; however, it can also extend your timeline.

2. Mortgage Refinance

If you’ve been making payments on your home for a few years and your interest rate is higher than current market rates, you may be eligible for a mortgage refinance, reducing your payments and…

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PREP YOUR PETS FOR THE BIG MOVE

Your moving day is set and it’s time to start preparing. As you’re making your lists and checking them twice, don’t forget to factor in your furry friends. Here are some tips for making sure the process goes smoothly.

Medical records. When moving to a different city or state, one of the main things you need to take into consideration is finding a new veterinarian that is the right fit for you and your pet. If you have family or friends in the area ask for recommendations or do your own research by reading reviews and news articles. Once you find one, contact your current vet to initiate a transfer of medical records. Then schedule a “get to know you” appointment shortly after your move. Transportation. Whether…

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