In this article: A comprehensive analysis of the three key factors influencing home affordability: mortgage rates, home prices, and wages. Detailed examination of current mortgage rate trends and future projections, with rates mainly fluctuating between READ MORE
Spring Season and the Grays Harbor Real Estate Market
Spring housing market is showing an increase in buyer activity, although more subdued compared to a year ago. Mortgage rates have a direct impact on buyer demand, as evidenced by the recent uptick in mortgage READ MORE
Buying a Home? Hang in there.
In this article: Experts are projecting a return to more normal levels of home price appreciation in the coming years, after a mild depreciation in 2023. While some markets may experience slight depreciation this year, READ MORE
What To Expect From the Housing Market in 2023
The 2022 Grays Harbor housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) READ MORE
Mortgage Rates Begin to Drop
Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything READ MORE
What’s Going on with Home Prices? Ask a Professional.
If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices in Grays Harbor today as the market cools. In the simplest sense, nationally, experts don’t expect READ MORE
Mortgage Rates Will Come Down, It’s Just a Matter of Time
This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this READ MORE
What’s Ahead for Mortgage Rates and Home Prices?
Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the Grays Harbor housing market next year and what that may mean if you’re thinking about buying READ MORE
Key Factors Affecting Home Affordability Today
Every time there’s a news segment about the Grays Harbor housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. READ MORE
Four Things That Help Determine Your Mortgage Rate
If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market READ MORE