What Are Seller Concessions?
Buying a home can be an expensive process. Enter seller concessions: These are costs associated with purchasing a home that a seller agrees to pay for the buyer. Rather than a buyer paying for these out-of-pocket expenses themselves, the seller agrees to cover the cost, allowing homeowners to sell their home quicker while helping to ease the financial burden on buyers... Read More
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Sales Decline Across Regions as Prices Decline in Some Markets
According to the National Association of Realtors (NAR), existing-home sales declined in April in every sales region in the country; both month-over-month and year-over-year sales were impacted. Recent home sales appear to be variable and moving in different directions, but according to Lawrence Yun, chief economist for the NAR, sales continue to remain above recent cyclical lows: “The combination... Read More
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Maximize Your Outdoor Space for Summer Enjoyment
Summer is the ideal time to embrace outdoor living. Whether you have a large backyard or a cozy balcony, use these tips to transform your outdoor space into a relaxing retreat.
Comfy Seating: Invest in outdoor furniture with plush cushions and weather-resistant materials. Arrange seating areas to accommodate activities such as lounging, dining, and socializing... Read More
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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.
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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.
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Report Shows Large Wealth Gap Between Homeowners and Renters
The report "Wealth Gains by Income and Racial/Ethnic Group" from the National Association of Realtors (NAR) studied wealth accumulation over the past decade and revealed that homeownership has significant financial advantages over renting. Over the past decade, homeowners have become 40 times wealthier than renters, driven by a remarkable $190,000 increase in the value of median-priced homes in the United States.
Wealth Accumulation
Across Income Groups
The report provides valuable insights into wealth accumulation... Read More
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Six Tips to Beat the Heat and Save on Home Cooling Costs
Each summer presents the same dilemma: You need to keep cool, but your air conditioning costs keep climbing along with the temperature. Keep those costs down with these easy-to-follow tips.
Seal in the Cool Air
You’d never leave a window open if you were trying to keep your house warm in the winter; treat your home in the summer the same way by preserving cool air inside. Keep all the windows and doors shut, and fix any leaks around the frames. Check for gaps... Read More
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Past Newsletters
In case you missed a previous newsletter, all of my Out of Bounds Realty newsletters can be found here.
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