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Real Estate News from Bob Ferguson
September 2022 Visit my Website | bob@outofboundsrealty.com

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.

Buyers, Here’s How Owning Real Estate Can Protect You from Inflation

 

In July, inflation numbers declined slightly to 8.5% from June’s 40-year high of 9.1%. Food, gas, and clothing have all become more expensive, yet salaries haven’t increased at the same pace, leaving gaps in monthly budgets. Households have felt the strain of elevated prices. In times of economic uncertainty, many people will hold off on making large purchases. However, unlike purchasing a car... Read More

Factors That Affect Your Mortgage Loan Approval

 

When applying for a mortgage, it’s important for would-be homebuyers to be aware of the factors, both positive and negative, that could affect their ability to get a loan. Any steps you can take to accentuate the positive and resolve negative financial issues will be a plus in the eyes of the potential mortgage lender.

Positive Factors
Some factors that may help you get the mortgage loan you need include... Read More

Six Ways to Enjoy More Outdoor
Living This Fall

 

Summer may be ending, but that doesn’t mean your family is ready to move indoors. This fall, use the following tips to relax outdoors and fully enjoy the season.

1. Create a Cozy Outdoor
Living Space
If you have a backyard patio or porch space to enjoy, you’ll spend a lot more time outdoors. Hit up end-of-the-season sales to replace any broken or worn-out patio... Read More

Past Newsletters

 

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

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.

National Home Sales Decline, but Well-Priced Homes Selling Fast

 

For the fifth consecutive month, existing-home sales declined. According to the National Association of Realtors (NAR), three out of the four major sales regions in the country reported month-over-month sales declines in June, while all four sales regions saw year-over-year decreases. Inventory levels, however, increased across the country. Housing inventory is 2.4% higher than it was in June 2021.

Well-Priced Homes Selling Quickly
Though the increase in inventory meant more homes were available, homes were still selling at a quick pace... Read More

Don't Skip These Six Fall Maintenance Tasks

 

Basic fall home maintenance can prevent many home repairs. Don’t skip these six tasks.

Seal the Gaps
Use silicone caulk to seal windows and cracks in the siding, and use weatherstripping around doors to keep cool air from seeping in.

Check Ventilation
Your home needs to be properly ventilated to combat high indoor humidity, expel potentially dangerous gases such as carbon monoxide, and prevent rot, mold, and insect infestation. In the fall, test exhaust fans, clean exhaust fan grills and dryer vents, and use your exhaust fans liberally.

Clear Rain Gutters
Keeping gutters clear of... Read More

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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