This is Not the Same as the 2008 Housing Crisis

During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. "Our situation today is not the same." explains Melissa Champ, associate broker at Oly Pen...

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Dave Ramsey on Selling and Buying NOW

This may be just one opinion, but it is a well experienced and a well-educated opinion. Dave Ramsey does not see this market as a bubble. Nor does not see a benefit to waiting for a crash to purchase a new home. If you are waiting for more favorable prices he encourages you to...

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4 Big Incentives for Homeowners to Sell Now

The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020. The key to continued success in the residential housing market is for more...

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Don’t Be Fooled by 2021 Spring Sales Numbers

Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping one-year increases. Housing Market Covid Collapse and Subsequent Rebound While the year-over-year jumps will certainly be striking, consumers should take these numbers with a grain...

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Downsizing Trending for Some Grays Harbor Residents

Over the past year, Grays Harbor residents have had plenty of opportunities to reflect on what we consider most important in our lives. The place we call home is one of the biggest things many of us are reevaluating. George Ratiu, Senior Economist at realtor.com, shares: “The very nature of the pandemic, through the health implications, social distancing, and...

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What Impact Does the Latest Jobs Report Have on the Housing Market

The Impact on the Grays Harbor Real Estate Market Nationally, with listing inventory down 52% from a year ago, bidding wars are skyrocketing. As a result, home prices are climbing. “Today, there can be little doubt that the lack of available homes on the housing market is one of the biggest challenges potential homebuyers...

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