Real Estate News from Bob Ferguson

February 2024

Visit my Website | bob@outofboundsrealty.com

Get the Best Price for Your Home with a Real Estate Professional

Every year, thousands of families apply a fresh coat of paint to their house, pack up their belongings, and try to sell their home. Unfortunately, this doesn’t always work out as planned. Some houses sit on the market for a long time, and homeowners aren’t sure why. If you’ve been struggling to sell your house or just aren’t sure where to start, a professional real estate agent can be the difference between your house sitting... Read More

Three Budget-Friendly Ways to Make Your Living Room Look Expensive

Your living room is one of the most important rooms in your home. It’s where you’ll spend the majority of your time relaxing and entertaining guests, so it’s understandable to want to make a great impression. If you’re on a tight budget, try these three simple tricks to get a designer look without breaking the bank.

Incorporate a Variety of Textures
While it’s common for people to purchase furniture sets, this can create too much of a “matchy... Read More

Here Are Eight of the Most Common Tax Filing Mistakes

As tax season nears, beware of easily overlooked filing mistakes. Here’s a quick list of eight common errors to help you avoid them.

■ Missing Information or Typos: Double-check every detail on your tax return. Something as simple as a forgotten W-2 form or a small error can lead to bigger problems, like miscalculations and even audits. Take the time for a thorough review to ensure everything's... Read More

Market Statistics Around the Puget Sound Region

The market has been very dynamic for years -- either a strong seller's market or a strong buyer's market. I've put together some graphs to show what's happening.

Mortgage Rates since 1971

Interest rates have changed -- jumped, some say. But, looking at the past can put into perspective how good or bad the current rates really are. Take a look.

Survey Reveals that More People Expect Mortgage
Rates to Drop

A recent report from Fannie Mae on the Home Purchase Sentiment Index indicates that consumers are feeling more optimistic about the housing market. This boost in confidence is fueled by the anticipation of a decrease in mortgage rates within the next year.

According to the survey, 31% of those polled are optimistic, expecting a drop in mortgage rates. In contrast, 31% anticipate rates going up, while 36% believe rates will stay steady. Despite concerns about the overall homebuying climate, there’s been a positive shift in the perception of it being a good time to purchase a home... Read More

National Home Trends Point to a Seller's Market

After five months of declines, existing-home sales increased in November, according to the National Association of Realtors (NAR). While all four sales regions in the country experienced year-over-year sales declines, two regions—the Midwest and the South—saw month-over-month sales climb.

Declining Mortgage Rates Create Opportunity
Lawrence Yun, chief economist for the NAR, expects a marked turn in the coming months as mortgage rates plunge. "The latest weakness in existing home sales still reflects the buyer bidding process in most of October when mortgage rates were at a... Read More

Past Newsletters

In case you missed a previous newsletter, all of my Out of Bounds Realty newsletters can be found here.

Bob Ferguson, 11423 20th Avenue S, Burien WA 981868

The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice. If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.

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