Whether you’re a potential homebuyer, seller in Grays Harbor, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices nationally, where experts say they’re headed, and why this matters for your homeownership goals. Last Year’s Rapid Home Price Growth Wasn’t the Norm In 2021, home prices appreciated quickly. One reason READ MORE
Category: Pricing
Buying a Home May Make More Financial Sense Than Renting One
If rising home prices in Grays Harbor real estate market leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says: “The median rent across the 50 READ MORE
What’s Causing Ongoing Home Price Appreciation?
If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices, including those in Grays Harbor, won’t fall. Here’s a look at two key READ MORE
Think Home Prices are Going to Fall? Think Again
Over the last two years, the rate of home prices appreciated across the country at dramatic pace. Regionally, Grays Harbor Real Estate market has seen similar trends. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a READ MORE
Should You Buy a Home with Inflation This High?
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. Grays Harbor residents are no doubt are feeling the pinch in their wallet, at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home READ MORE
Should I Buy a Home Right Now?
If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help Grays Harbor homebuyers make their decision. The Future of Home Price Appreciation Each READ MORE
Expert Housing Market Forecasts for the Second Half of the Year
The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of READ MORE
How Your Equity Can Grow over Time
It’s true that record levels of home price appreciation have spurred significant equity gains for Grays Harbor homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says: “The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.” That’s great for your READ MORE
Two Reasons Why Today’s Housing Market Isn’t a Bubble
Grays Harbor homeowners and perspective buyers may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one hundred housing market experts and real estate economists if they believe the housing market READ MORE
The Average Homeowner Gained $64K in Equity over the Past Year
If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price appreciation, you’re building that equity far faster than you may expect – here’s how it works. READ MORE