Revised Interest Rates Predictions – Rates Reversed Course!

Mortgage Interest Rates Reverse Course in 2017 | Keeping Current Matters

To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they would increase. Some thought we could see rates hit 5-5.5% by the end of the year.

However, the exact opposite has happened. Instead of higher rates as we head into the middle of 2017, we now have the lowest rates of the year (as reported by Freddie Mac). Here is a graph of mortgage rate movement since the beginning of the year:

Mortgage Interest Rates Reverse Course in 2017 | Keeping Current Matters

Projections still call for an increase…

Four major entities (Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors) are still projecting that rates will increase by the fourth quarter of the year.

Mortgage Interest Rates Reverse Course in 2017 | Keeping Current Matters

Bottom Line

No one knows for sure where interest rates will be in six months. However, if you are thinking about buying your first house or trading up to the home of your dreams, you can still get a mortgage at historically low rates RIGHT NOW.

Posted on June 8, 2017 at 4:53 pm
Tamara Marson | Category: Adventures in Real Estate, Buying Information, Real Estate Financing

A Look Back at 2016 — My Clients’ Sales and Purchases

2016 was a year to remember. The market was swift and year-over-year appreciation in the metro market climbed to over 10%. THANK YOU to all of my wonderful clients and friends for your continuous stream of business, referrals and support. It was an exciting and sometimes exhausting year, and I look forward to what 2017 has in store. Please contact me if you’d like to discuss your plans for the future. Happy New Year!

~ Tamara

7250 old redmond rd

Redmond
List Price: $549,988 | Sold Price: $569,000
3 Bedroom | 3.5 Bath

7537 bagley ave n

Green Lake
List Price: $799,950 | Sold Price: $915,000
3 Bedroom | 3 Bath

107 n 172nd st

Richmond Highlands
List Price: $689,500 | Sold Price: $682,000
5 Bedroom | 4 Bath

3042a 21st ave w

Magnolia
List Price: $619,900 | Sold Price: $641,500
3 Bedroom | 2.25 Bath

3820 e howe st

Madison Park
List Price: $1,275,000 | Sold Price: $1,275,000
4 Bedroom | 1.75 Bath

3434 densmore

Wallingford
Sold Off Market: $718,000
3 Bedroom | 1.75 Bath

230 e michelle

Alderbrook
List Price: $399,000 | Sold Price: $395,000
3 Bedroom | 2.5 Bath

19130 67th ave ne

Kenmore
List Price: $635,000 | Sold Price: $649,000
5 Bedroom | 3 Bath

2306 n 77th st

Green Lake
List Price: $1,125,000 | Sold Price: $1,342,000
4 Bedroom | 3 Bath

3603 nw 64th st

Sunset Hill
List Price: $769,000 | Sold Price: $826,000
3 Bedroom | 1.75 Bath

801 2nd ave n

Queen Anne
List Price: $477,500 | Sold Price: $503,000
2 Bedroom | 1.75 Bath

331 240th st sw

Bothell
List Price: $648,500 | Sold Price: $640,000
4 Bedroom | 3 Bath

7743 18th ave ne

Ravenna
List Price: $560,000 | Sold Price: $610,000
4 Bedroom | 1 Bath

6322 woodlawn ave n

Green Lake
List Price: $859,000 | Sold Price: $975,000
3 Bedroom | 2.5 Bath

10239 65th ave s

Lakeridge
List Price: $358,000 | Sold Price: $452,000
3 Bedroom | 2 Bath

5466 17th ave sw

West Seattle
List Price: $359,950 | Sold Price: $426,000
3 Bedroom | 1 Bath

4528 sunnyside ave

Wallingford
List Price: $1,150,000 | Sold Price: $1,330,000
3 Bedroom | 2.5 Bath

13215 136th pl ne

Kirkland
List Price: $859,950 | Sold Price: $859,950
3 Bedroom | 2.75 Bath

14326 23rd Pl

Olympic Hills
List Price: $375,000 | Sold Price: $390,000
2 Bedroom | 1 Bath

3030 64th Ave SW #A

Alki
List Price: $475,000 | Sold Price: $503,500
2 Bedroom | 1.75 Bath

3901 1st Ave NW #205

Fremont
List Price: $350,000 | Sold Price: $353,500
1 Bedroom | 1 Bath

4422 Bagley Ave N #101

Wallingford
List Price: $489,950 | Sold Price: $508,000
2 Bedroom | 1.75 Bath

3620 35th Ave S

Mt Baker
List Price: $389,000 | Sold Price: $375,000
2 Bedroom | 1.5 Bath

4315 Issaquah-Pine Lake Rd SE #1003

Sammamish
List Price: $479,000 | Sold Price: $479,000
3 Bedroom | 2.5 Bath

1301 Spring St #21G

First Hill
List Price: $1,425,000 | Sold Price: $1,425,000
2 Bedroom | 1.75 Bath

2519 NW North Beach Dr

North Beach
List Price: $689,000 | Sold Price: $665,000
4 Bedroom | 2.75 Bath

10731 24th Ave NE

Victory Heights
List Price: $749,000 | Pending
4 Bedroom | 2.25 Bath

Posted on December 30, 2016 at 9:38 am
Tamara Marson | Category: Adventures in Real Estate, Buying Information, Market Information, Sold by Tamara | Tagged ,

A Look Back at My Clients’ Purchases and Sales in 2015!

We are off to a swift start in the real estate market for 2016 but I can't help but pause to look back at the past year in amazement. Thank you to all of my wonderful clients, friends and family for your continuous stream of referrals and support. It is because of you that 2015 was such a success and I couldn't be more excited and energized! Cheers to you and yours for a happy, healthy and prosperous year!

    ~ Tamara

Eastlake | $1,075,000
Triplex

Puget Ridge Co-Housing | $302,000
2 Bedroom | 2 Bath

 

North Admiral | $809,500
3 Bedroom | 2.5 Bath

 

Mount Baker | $1,253,000
5 Bedroom | 3.25 Bath

 

Newcastle | $385,000
2 Bedroom | 2.5 Bath

 

Capitol Hill | $1,015,000
4 Bedroom | 3 Bath

 

Magnolia | $615,000
3 Bedroom | 2.25 Bath

 

Capitol Hill | $1,360,000
2 Bedroom | 2.5 Bath

 

Bellevue | $210,000
2 Bedroom | 1.75 Bath

 

Magnolia | $221,500
1 Bedroom | 1 Bath

 

Magnolia | $815,000
4 Bedroom | 2.75 Bath

 

Wallingford | $207,000
1 Bedroom | 1 Bath

 

Loyal Heights | $282,500
1 Bedroom | 1 Bath

 

Phinney Ridge | $289,000
2 Bedroom | 1.75 Bath

 

Greenwood | $510,000
4 Bedroom | 1.75 Bath

 

Green Lake | $872,500
3 Bedroom | 2.75 Bath

 

Sunset Hill | $1,850,000
4 Bedroom | 3.25 Bath

 

Maple Leaf | $230,000
2 Bedroom | 2 Bath

 

Roosevelt | $582,000
3 Bedroom | 1.5 Bath

 

Mill Creek | $245,000
3 Bedroom | 2.5 Bath

 

Roosevelt | $628,000
4 Bedroom | 1.75 Bath

 

Richmond Highlands | $550,000
3 Bedroom | 2.5 Bath

 

Roosevelt | $660,000
3 Bedroom | 1.75 Bath

Posted on January 6, 2016 at 11:05 am
Tamara Marson | Category: Adventures in Real Estate, Buying Information, Sold by Tamara, Uncategorized

Seattle In Progress app – check out the cranes

http://seattleinprogress.com

Posted on April 7, 2015 at 10:40 pm
Tamara Marson | Category: Adventures in Real Estate, Buying Information, Market Information

2014 — A Look Back

As I eagerly gear up for what 2015 has in store, I can't help but look back at the past year in amazement. Thank you to all of my wonderful clients, friends and family for your continuous stream of referrals and support. It is because of you that 2014 was such a success and I couldn't be more excited and energized! Cheers to you and yours for a happy, healthy and prosperous year!

       – Tamara

 

A Look Back at What My Clients Purchased and Sold in 2014!

Ballard | $184,000
1 Bedroom | 1 Bath

Whittier | $417,000
2 Bedroom | 1 Bath

Sheridan Beach | $777,000
3 Bedroom | 3.5 Bath

Ravenna | $551,000
3 Bedroom | 1 Bath

Green Lake | $417,000
2 Bedroom | 1 Bath

Mountlake Terrace | $252,000
3 Bedroom | 1.5 Bath

Richmond Highlands | $526,600
3 Bedroom | 2.5 Bath

Downtown | $1,005,000
1 Bedroom | 1.5 Bath

Belvedere Terrace | $495,000
2 Bedroom | 1 Bath

 

Madrona | $742,000
4 Bedroom | 2.75 Bath

 

 

Central District | $581,000
3 Bedroom | 1.75 Bath

Queen Anne | $391,000
2 Bedroom | 2 Bath

Fremont | $829,000
4 Bedroom | 2.5 Bath

Bryant | $415,000
2 Bedroom | 1 Bath

Capitol Hill | $1,260,000
4 Bedroom | 2 Bath

View Ridge | $619,000
4 Bedroom | 1.75 Bath

Capitol Hill | $508,000
2 Bedroom | 1 Bath

Mercer Island | $890,000
4 Bedroom | 3 Bath

Central District | $494,000
3 Bedroom | 1.75 Bath

Queen Anne | $386,750
2 Bedroom | 2 Bath

Magnolia | $750,000
2 Bedroom | 1.75 Bath

 

Magnolia | $815,000
4 Bedroom | 2.75 Bath

Posted on January 22, 2015 at 5:09 pm
Tamara Marson | Category: Adventures in Real Estate, Buying Information, Events, Market Information, Sold by Tamara, Uncategorized

Interest Rates in Historic Perspective

Posted on November 14, 2014 at 8:37 am
Tamara Marson | Category: Buying Information, Market Information | Tagged ,

A New Crystal Ball Tool for Projecting Property Values

A tracker for housing-price trends

Weiss Residential Research tracks individual houses in most neighborhoods nationwide and attempts to provide buyers and sellers with useful market guidance, showing where the value of a home has been and where it may go.

By KENNETH R. HARNEY

Syndicated columnist

Nation’s Housing

WASHINGTON — Homebuyers, sellers, small investors and real-estate agents are about to get new tools that purport to show where local property values are headed: “house specific” monitors for consumers that can track price trends — and forecast them up to one year into the future — on 50 million single-family homes across the country.

The service already is commercially available to hedge funds and mortgage investors who purchase large quantities of data to guide their investment decisions.

Its developer is Allan Weiss, who co-founded and was CEO of the company that pioneered the iconic “Case-Shiller” price index of major metropolitan markets that is widely cited as a barometer of the housing sector’s health.

But unlike Case-Shiller, which reports on price trends in roughly 5,000 ZIP code areas, Weiss Residential Research tracks individual houses in most neighborhoods nationwide.

Weiss says the company expects to add an additional 20 million houses to the current 50 million total as it continues to gather data on key characteristics from interior living space to tax assessments, mortgage balances, age of home, appraisal information and others.

Weiss holds patents on the statistical techniques and technology underpinning the company’s research and products.

The new house-specific indexes for consumers will not provide current property valuations or cover condominiums and cooperatives.

Rather, they’ll offer graphic displays of how prices on individual homes have moved — up, down, sideways — over a period of recent years in relation to an index.

Later this summer, Weiss Residential will publish “weather reports” on price trends in major metropolitan markets on its website, www.weissres.com.

The site already provides sample dynamic “heat maps” for eight large markets — Southern California, Miami, Chicago, Las Vegas, Atlanta, San Francisco, New York and Phoenix — that show how prices on individual homes rose and fell in the boom years leading up to the bust in 2006-07, and how they have performed since.

The month-by-month movements almost look organic, with price declines spreading like a disease from one neighborhood to another, then reversing course during the recovery.

In an interview, Weiss said a close inspection of the heat maps reveals how “canary in the coal mine” houses were predictors of important changes in pricing trends getting under way — subtle early moves signaling the shift from boom to crash, then on to recovery — that were not otherwise detectable or known to consumers in the marketplace at the time.

Buying or selling real estate without house-specific monitors in those years, he suggested, was the equivalent “of setting sail before a hurricane” with no advance weather warnings, no satellite photos of emerging meteorological conditions.

Weiss Residential will soon begin selling subscriptions to consumers showing precisely that sort of trendline analysis.

I got a sneak preview on my own home just outside the District of Columbia in Maryland. An indexed line graph showed price movements before, during and after the boom and bust, plus a forecast through March 2015.

The somewhat sobering result: The significant price jumps during the post-recession recovery years have now pretty much flattened out. My likely increase in value over the coming nine months: six-tenths of 1 percent.

An accompanying heat map of houses in my ZIP code in shades of green, pink and red revealed that a few houses in the area are showing slight price declines, though the overwhelming majority are positive.

Weiss says that by Labor Day or before, visitors to the website will be able to sign up for reports like this. Trendline house-specific graphs already are available on the 50 million properties in Weiss’ massive databases.

Consumers who send emails to myhouse@weissres.com before the neighborhood-level heat maps become available, and list the property address and ZIP code, will be able to purchase one-year forecasts and line graphs for $25.

How good are these price-change projections? We’ll see. Researchers at Weiss’ company tested their accuracy on 10,356 randomly selected houses in 17 states. The test covered price changes from 2005 through 2013.

According to Weiss, the forecasts had an accuracy range of 74 percent to 84 percent, with the higher figure identifying negative pricing trends.

So while there is no guarantee of absolute accuracy, Weiss claims his house-specific indexes and heat maps provide buyers and sellers useful market directional guidance.

By looking at subtle price changes within neighborhoods, then focusing on individual houses, Weiss believes that you should be able to make smarter decisions — and potentially avoid big mistakes.

Posted on July 21, 2014 at 8:41 am
Tamara Marson | Category: Adventures in Real Estate, Buying Information, Market Information, Uncategorized

Prices are Trending Up as Inventory Improves!

Read the entire article here:

Seattle Times Article

Posted on July 4, 2014 at 10:08 am
Tamara Marson | Category: Buying Information, Market Information, Uncategorized

Must love old houses

  This is just one of the many reasons I love my client's home.  This American Foursquare, or better know as a Seattle Box, is full of architechturally significant details.  Come visit this Sunday, June 29th from 1pm to 4pm.  4272 Whitman Ave N.

Posted on June 27, 2014 at 10:36 pm
Tamara Marson | Category: Adventures in Real Estate, Buying Information, Uncategorized

New Drive Time Tool on windermere.com

Exciting new feature for windermere.com listings! http://www.windermere.com/blogs/windermere/posts/search-a-lot-smarter-with-windermere-s-new-inrix-drive-time-tool

Posted on March 13, 2013 at 2:37 pm
Tamara Marson | Category: Buying Information, Market Information